2014-08-14T15:02:33-05:00 2013-12-31 810446334 DOUGLAS WILSON & COMPANY PC 1000 FIRST AVENUE SOUTH GREAT FALLS MT 59401 990 2013-01-01 810218082 GLACIER ELECTRIC COOPERATIVE INC GLAC 4068735566 410 E MAIN ST CUT BANK MT 594272090 DAN BREWER INTERIM GENERAL MANAGER 4068735566 2014-08-14 1 RANDAL J BOYSUN P00039907 4067614645 2013 2015-11-30 17:44:51Z DAN BREWER 410 E MAIN ST CUT BANK MT 59427 15436199 0 X WWW.GLACIERELECTRIC.COM X 1945 MT RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS 9 8 45 0 0 0 0 0 14876572 15242500 56267 67061 85651 126638 15018490 15436199 0 0 848718 973383 2959212 2933660 0 0 0 11210560 11529156 15018490 15436199 0 0 39252027 41705706 21668025 23808752 17584002 17896954 TRANSMISSION AND DISTRIBUTION OF ELECTRICITY TO ITS MEMBERS, PRIMARILY SERVING GLACIER COUNTY, MT 0 0 11315169 RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS LOCATED IN THE NORTHERN PORTION OF MONTANA 11315169 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 64 0 45 1 0 0 0 0 0 0 0 15369138 98657 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAN BREWER 4068735566 410 E MAIN ST CUT BANK MT 59427 LEE HOLDEN TRUSTEE 4.60 X 7500 0 202 DAVE LOSING TRUSTEE 2.00 X 4500 0 453 MILES LEWIS TRUSTEE 3.80 X 7350 0 453 DARROL BERKRAM TRUSTEE 1.60 X 6450 0 453 JAMES NEWMAN TRUSTEE 5.00 X 9300 0 204 WILLARD HJARTARSON TRUSTEE 2.00 X 4950 0 453 BRUCE BRADLEY PRESIDENT 9.00 X 12450 0 453 BRIAN ELLIOTT SECRETARY/TREASURER 5.30 X 9450 0 204 JASEN BRONEC MANAGER 40.00 X 144075 0 81647 ZITA BREMNER VICE PRESIDENT 2.20 X 9000 0 0 215025 0 84522 1 0 1 0 OUTBACK POWER COMPANY P O BOX 725 HAVRE MT 59501 LINE CONSTRUCTION AND MAINTENANCE 657656 REDROCK POWER INC P O BOX 725 HAVRE MT 59501 LINE CONSTRUCTION AND MAINTENANCE 145640 HEBERLY AND ASSOCIATES P O BOX 1311 HAVRE MT 59501 ENGINEERING CONSULTANTS 124094 ASPEN FORESTRY 745 CAPISTRANO DRIVE KALISPELL MT 59901 RIGHT OF WAY CLEARING 119818 4 SALE OF UTILITY SERVICE TO MEMBER 221000 15242500 15242500 15242500 67061 67061 CAPITAL CREDITS 221000 110324 110324 OTHER NON-OPERATING INCOME 221000 16314 16314 126638 15436199 15436199 0 0 973383 973383 215025 215025 1569593 1569593 357801 357801 593004 593004 198237 198237 100492 100492 916102 916102 1684906 1684906 74161 74161 COST OF POWER 6014618 6014618 DISTRIBUTION EXPENSE 688374 688374 TAXES 666307 666307 OUTSIDE SERVICES 307965 307965 1076231 371479 704752 15436199 11315169 4121030 0 868885 749759 1356066 1680493 625168 689331 211174 176892 59103681 24197796 33921973 34905885 2001977 2148425 266784 1354921 39252027 41705706 1464753 1131702 18377908 20846504 1825364 1830546 21668025 23808752 X 18271706 18660624 11065 11895 -698769 -775565 17584002 17896954 39252027 41705706 X 0 312952 X X 0 1 X 1 0 59103681 24197796 34905885 34905885 CFC CAPITAL TERM CERTIFICATES 785932 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS 742938 C INTEREST RECEIVABLE 6249 C FED ECON D LOANS 613306 C 2148425 CUSTOMER DEPOSITS 290940 OTHER LIABILITIES & ACCRUALS 1539606 1830546 15436199 0 15436199 0 15436199 14462816 0 14462816 973383 973383 15436199 PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2012 NET MARGINS 973,383. X X 0 0 0 JASEN BRONEC MANAGER 144075 0 0 0 0 0 0 0 81647 0 225722 0 0 0 DAVE LOSING TRUSTEE OF GLACIER ELECTRIC AND OWNS CUT BANK TIRE 14230 PROVIDES TIRE SERVICES AND SUPPLIES 0 FORM 990, PART VI, SECTION A, LINE 6 GLACIER ELECTRIC COOPERATIVE IS A MEMBERSHIP ORGANIZATION WHOSE MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS AND RECEIVE CAPITAL CREDITS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A A COMMITTEE NOMINATES MEMBERS FOR EACH SEAT ON THE BOARD OF DIRECTORS. AT THE ANNUAL MEETING, A VOTE OF THE ENTIRE MEMBERSHIP IS TAKEN TO APPROVE OR AMEND THE NOMINATIONS. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO ORGANIZATIONAL BY-LAWS AND SELLING A SUBSTANTIAL PORTION OF PROPERTY REQUIRES MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS PREPARED BY THE ORGANIZATION'S INDEPENDENT CPA, REVIEWED BY MANAGEMENT FOR ANY CORRECTIONS, AND PRESENTED TO THE BOARD FOR THEIR REVIEW AND QUESTIONS. AFTER THE BOARD REVIEWED, ALL BOARD MEMBERS WERE POLLED FOR THEIR APPROVAL OF FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICIES ARE REVIEWED ANNUALLY BY ALL MEMBERS OF THE BOARD. MANAGEMENT MONITORS THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE GENERAL MANAGER IS DETERMINED BY A COMMITTEE OF THE BOARD OF DIRECTORS AND APPROVED BY THE FULL BOARD. COMPARABLE DATA FROM OTHER COOPERATIVES AND PERFORMANCE REVIEWS ARE EVALUATED AS WELL. FORM 990, PART VI, SECTION C, LINE 19 ALL PUBLIC COOPERATIVE DOCUMENTS MAY BE REQUESTED FROM THE COOPERATIVE OFFICE DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9: CHANGE IN SUBSIDIARY RETAINED EARNINGS -76,796. RETIREMENT OF CAPITAL CREDITS -458,884. INCREASE IN MEMBERSHIPS FROM PRIOR YEAR 375. ALLOCATION OF 2012 NET MARGINS 973,383. CHANGE IN OTHER EQUITIES 31,596. LOSSES NOT ALLOCATED -156,722. FORM 990, PAGE 12, PART XII, LINE 2C OVERSIGHT OF AUDIT BY BOARD OF DIRECTORS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GLOBAL NET INC 421 WEST GRIFFIN DRIVE BOZEMAN MT 59715 810431874 INTERNET SERVICE MT C 0.60000 0 GEC WIRELESS INC 421 WEST GRIFFIN DR STE 4 BOZEMAN MT 59715 464067711 INTERNET SALES MT C 1.00000 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0