2015-05-08T09:14:16-05:00 2014-12-31 810386935 SUMMERS MCNEA & CO PC 80 25TH STREET WEST BILLINGS MT 591024662 990 2014-01-01 810109712 BEARTOOTH ELECTRIC COOPERATIVE INC BEAR 4064462310 PO BOX 1110 RED LODGE MT 590681110 ROXIE MELTON PRESIDENT 4064462310 2015-04-28 1 RICHARD A MATUSIAK P00524085 4066522320 2015-04-28 2014 2016-02-25 16:41:14Z ROXIE MELTON 1306 NORTH BROADWAY RED LODGE MT 58068 10602594 0 X N/A X 1941 MT BEARTOOTH ELECTRIC COOPERATIVE, INC. OPERATES AS A RURAL ELECTRIC UTILITY ON A NON PROFIT BASIS BY PROVIDING ELECTRICAL POWER AND UTILITY SERVICES TO ITS MEMBERS AND PATRONS LOCATED IN CENTRAL PORTION OF MONTANA AND NORTHERN WYOMING. THE COOPERATIVE IS EXEMPT UNDER SECTION 501 (C) (12). 7 7 26 0 0 0 0 0 10444472 10530833 9481 11623 71576 60138 10525529 10602594 0 0 27882 11829 500154 603941 0 0 0 9381794 9421062 9909830 10036832 615699 565762 19140645 19311041 14489474 14094108 4651171 5216933 RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN CENTRAL MONTANA AND NORTHERN WYOMING. 0 0 8509706 10597843 RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES TO 4,361 PATRONS AND MEMBERS LOCATED IN CENTRAL MONTANA AND NORTHERN WYOMING. 8509706 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 26 1 0 0 0 0 0 0 0 11283790 67010 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRAD PROPHET 4064462310 1306 NORTH BROADWAY RED LODGE MT 58068 ARLEEN BOYD DIRECTOR 31.60 X 25250 0 0 ROXIE MELTON PRESIDENT 11.90 X X 15750 0 0 DANIEL DUTTON VICE PRESIDENT 5.20 X X 10745 0 0 DAVID PETERSON DIRECTOR 4.10 X 5125 0 0 LAURIE BEERS DIRECTOR 11.40 X 11000 0 0 RICHARD NOLAN SECRETARY-TREASURER 5.80 X X 12375 0 0 JULIUE LINDGREN DIRECTOR 3.00 X 2250 0 0 ROBERT WALKER DIRECTOR OF FINANCE 40.00 X 78662 0 22354 RICHARD PECK GENERAL MANAGER 40.00 X 160558 0 50588 PATRICIA HOFFMAN FORMER SECRETARY-TREASURER 3.00 X 6750 0 0 328465 0 72942 2 1 1 0 OUTBACK POWER COMPANY PO BOX 725 HAVRE MT 59501 PLANT CONSTRUCTION 635416 DAVEY TREE SURGERY COMPANY PO BOX 5015 LIVERMORE CA 94551 TREE TRIMMING 293672 FELT MARTIN FRAZIER & WELDON PO BOX 2558 BILLINGS MT 59101 ATTORNEY 243578 3 UTILITIES & SERVICE 221000 10530833 10530833 10530833 11623 11623 4751 0 4751 4751 4751 PATRONAGE CAPITAL ALLOC 221000 51696 51696 JOBBING- MERCHANDISING 221000 3691 3691 55387 10602594 10597843 0 4751 11829 11829 394657 394657 160549 160549 48735 48735 259123 259123 10200 10200 682 682 87703 87703 74151 74151 36782 36782 632256 611095 21161 913932 851785 62147 11022 11022 COST OF POWER 5104084 5104084 DISTRIBUTIONS OPERATION 833821 833821 DISTRIBUTION MAINTENANC 726169 726169 CONSUMER ACCOUNTS EXPEN 287791 287791 443346 83132 360214 10036832 8509706 1527126 0 109396 144835 491442 53255 1375284 1246620 309450 269885 182333 32876 29714129 12892730 15982190 16821399 600321 627605 90229 114566 19140645 19311041 1140181 1044815 13261600 12957775 87693 91518 14489474 14094108 X 0 0 175899 122684 4475272 5094249 4651171 5216933 19140645 19311041 565762 0 X X 0 1 X 1 0 132612 132612 1287229 440473 846756 2470927 1863727 607200 25823361 10588530 15234831 16821399 CONSUMER DEPOSITS 72160 DEFERRED CREDITS 19358 91518 X 11355551 752957 752957 10602594 0 10602594 10025003 0 10025003 11829 11829 10036832 PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS EXISTING AT DECEMBER 31, 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONTRIBUTIONS IN AID OF CONSTRUCTION RECEIVED FROM MEMBERS PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO MEMBERS- CAPITAL CREDIT RETIREMENT PART VI LINE 1E - OTHER PROPERTY PART VI-LINE 1E-OTHER PROPERTY- INCLUDES TRANSMISSION POLES, WIRE AND STATION EQUIPMENT TOTALING $398,501; DISTRIBUTION PLANT OF STATION EQUIPMENT, POLES, WIRE, METERS AND TRANSFOMERS TOTALING $25,371,105; AND CONSTRUCTION WORK IN PROGRESS TOTALING $53,755. 1 X X 0 0 0 ARLEEN BOYD DIRECTOR 25250 0 0 0 0 0 0 0 0 0 25250 0 0 0 ROXIE MELTON PRESIDENT 15750 0 0 0 0 0 0 0 0 0 15750 0 0 0 DANIEL DUTTON VICE PRESIDENT 10745 0 0 0 0 0 0 0 0 0 10745 0 0 0 DAVID PETERSON DIRECTOR 5125 0 0 0 0 0 0 0 0 0 5125 0 0 0 LAURIE BEERS DIRECTOR 11000 0 0 0 0 0 0 0 0 0 11000 0 0 0 RICHARD NOLAN SECRETARY-TREASURER 12375 0 0 0 0 0 0 0 0 0 12375 0 0 0 JULIUE LINDGREN DIRECTOR 2250 0 0 0 0 0 0 0 0 0 2250 0 0 0 ROBERT WALKER DIRECTOR OF FINANCE 78662 0 0 0 0 0 5356 0 16998 0 101016 0 0 0 RICHARD PECK GENERAL MANAGER 160558 0 0 0 0 0 50588 0 0 0 211146 0 0 0 PATRICIA HOFFMAN FORMER SECRETARY-TREASURER 6750 0 0 0 0 0 0 0 0 0 6750 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 4,361 VOTING MEMBERS AT DECEMBER 31, 2014. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT TWO OR THREE BOARD OF DIRECTORS TO SERVE A THREE YEAR TERM AT THE COOPERATIVE ANNUAL MEETING HELD IN SEPTEMBER OF EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B ALL BYLAW CHANGES RECOMMENDED BY THE BOARD OF DIRECTORS ARE APPROVED AND RATIFIED BY THE MAJORITY OF MEMBERSHIP AT THE COOPERATIVE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE PREPARED FORM 990 IS PROVIDED TO EACH MEMBER OF THE GOVERNING BOARD OF DIRECTORS AND GENERAL MANAGER PRIOR TO ITS FILING. THE FORM 990 IS PREPARED JOINTLY WITH THE COOPERATIVE'S AUDITOR. MANAGEMENT PERSONNEL PRESENTS THE COMPLETED FORM 990 TO THE GOVERNING BOARD AT A REGULARLY SCHEDULE BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD OF DIRECTORS ANNUALLY DISCLOSE TO THE BOARD ANY SITUATION OR TRANSACTION IN WHICH THE DIRECTOR IS INVOLVED WHICH VIOLATES OR COULD APPEAR TO VIOLATE THE INTENT OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 MONTANA STATEWIDE ORGANIZATION- MONTANA ELECTRIC COOPERATIVE ASSOCIATION (MECA) AND THE NATIONAL RURAL ELECTRIC ASSOCIATION (NRECA) PERFORMS ANNUAL SALARY SURVEYS BY JOB CLASSIFICATION. THE BOARD OF DIRECTORS MAKES USE OF THESE SALARY SURVEYS FROM MECA AND NRECA TO DETERMINE THE SALARY GUIDELINE FOR THE GENERAL MANAGER SALARY. THE GENERAL MANAGER USES THIS SALARY SURVEY TO DETERMINE THE RANGE OF SALARIES FOR THE ADMINISTRATIVE PERSONNEL. THE COOPERATIVE LINEMEN SALARIES ARE ESTABLISHED BY A SIGNED COLLECTIVELY BARGAINED IBEW UNION CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, FINANCIAL REPORTS - RUS FORM 7 - AND FORM 990 ARE AVAILABLE UPON REQUEST AT THE COOPERATIVE HEADQUARTER OFFICE. IN ADDITION, EACH NEW MEMBER IS PROVIDED WITH A COPY OF BEARTOOTH ELECTRIC COOPERATIVE'S BYLAWS. ALSO THE STATEMENT OF FINANCIAL CONDITION IS SENT OUT YEARLY TO ALL MEMBERS IN THE ANNUAL MEETING NOTICE PRIOR TO THE ANNUAL MEETING HELD IN SEPTEMBER OF EACH YEAR. PART XII LINE 2C THE BOARD OF DIRECTORS REQUIRE A FORMAL THREE YEAR AUDIT ENGAGEMENT LETTER CONTRACT FIXING THE ANNUAL AUDIT FEE AND PERFORMS OVERSIGHT OVER THE AUDIT. IN ADDITION, THE AUDITOR IS REQUIRED TO FORMALLY PRESENT THE AUDIT AND ANY FINDINGS TO THE BOARD OF DIRECTORS. ALSO, THE BOARD OF DIRECTORS REQUEST THAT THE AUDITOR PRESENT THE COOPERATIVE STATEMENT OF FINANCIAL CONDITION TO THE MEMBERSHIP AT THE ANNUAL MEETING HELD IN SEPTEMBER OF EACH YEAR.