2013-05-13T13:59:57-05:00 2012-12-31 810446334 DOUGLAS WILSON & COMPANY PC 1000 FIRST AVENUE SOUTH GREAT FALLS MT 59401 990 2012-01-01 810218082 GLACIER ELECTRIC COOPERATIVE INC GLAC 4068735566 410 E MAIN ST CUT BANK MT 594272090 JASON BRONEC 4068735566 2013-05-08 1 RANDAL J BOYSUN P00039907 4067614645 2012 2016-02-25 16:41:14Z JASEN BRONEC 410 E MAIN ST CUT BANK MT 59427 15018490 0 X WWW.GLACIERELECTRIC.COM X 1945 MT RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS 9 8 48 0 0 0 0 0 14270252 14876572 67894 56267 144236 85651 14482382 15018490 0 0 1131897 848718 2770043 2959212 0 0 0 9936047 11210560 13837987 15018490 644395 0 37134871 39252027 19861990 21668025 17272881 17584002 TRANSMISSION AND DISTRIBUTION OF ELECTRICITY TO ITS MEMBERS, PRIMARILY SERVING GLACIER COUNTY, MT 0 0 12861231 RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS AND PATRONS LOCATED IN NORTHERN PORTION OF MONTANA 12861231 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 59 0 48 1 0 0 0 0 0 0 0 15012243 98947 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 JASEN BRONEC 4068735566 410 E MAIN ST CUT BANK MT 59427 BRIAN ELLIOTT 5.30 X 7200 0 213 DAVE LOSING 2.00 X 4350 0 438 DARROL BERKRAM 1.60 X 5100 0 438 JAMES NEWMAN 5.00 X 7350 0 197 WILLARD HJARTARSON 2.00 X 4650 0 438 ZITA BREMNER 2.20 X 5400 0 0 LEE HOLDEN 4.60 X 7500 0 197 BRUCE BRADLEY 9.00 X 10300 0 438 MILES LEWIS 3.80 X 4700 0 438 JASEN BRONEC 40.00 X 145878 0 85991 202428 0 88788 1 0 1 0 OUTBACK POWER COMPANY P O BOX 725 HAVRE MT 59501 LINE CONSTRUCTION AND MAINTENANCE 747209 ASPEN FORESTRY 745 CAPISTRANO DRIVE KALISPELL MT 59901 RIGHT OF WAY CLEARING 147664 COMPTON SIGNATURES HC 72 BOX A BROWNING MT 59417 EASEMENT GATHERING 120017 3 SALE OF UTILITY SERVIC 221000 14876572 14876572 14876572 56267 56267 CAPITAL CREDITS 221000 105097 105097 OTHER NON-OPERATING INCOME 221000 30554 30554 LAWSUIT SETTLEMENT 221000 -50000 -50000 85651 15018490 15018490 0 0 848718 848718 202428 202428 1510433 1510433 525262 525262 511650 511650 209439 209439 97742 97742 851486 851486 1685720 1685720 93613 93613 COST OF POWER 5908655 5908655 DISTRIBUTION EXPENSE 688252 688252 TAXES 658160 658160 OUTSIDE SERVICES 355643 355643 871289 226965 644324 15018490 10867956 4150534 0 1012895 868885 1355323 1356066 539696 625168 18363 211174 58599117 24677144 32437983 33921973 1679371 2001977 91240 266784 37134871 39252027 1592058 1464753 30105 16499051 18377908 1740776 1825364 19861990 21668025 X 17808714 18271706 11065 11065 -546898 -698769 17272881 17584002 37134871 39252027 X 0 311121 X 0 1 1 0 58599117 24677144 33921973 33921973 CFC CAPITAL TERM CERTIFICATES 796789 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS 694956 C INTEREST RECEIVABLE 6232 C FED ECON D LOANS 504000 C 2001977 CUSTOMER DEPOSITS 300195 OTHER LIABILITIES & ACCRUALS 1525169 1825364 15018490 0 15018490 0 15018490 14169772 0 14169772 848718 848718 15018490 PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2012 NET MARGINS 848,718. X X 0 0 0 JASEN BRONEC 145878 0 0 0 0 0 0 0 85991 0 231869 0 0 0 DAVE LOSING TRUSTEE OF GLACIER ELECTRIC AND OWNS CUT BANK TIRE 7062 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CHANGE IN SUBSIDIARY RETAINED EARNINGS -102,024. RETIREMENT OF CAPITAL CREDITS -312,896. INCREASE IN MEMBERSHIPS FROM PRIOR YEAR 1,625. ALLOCATION OF 2012 NET MARGINS 848,718. CHANGE IN OTHER EQUITIES 42,680. LOSSES NOT ALLOCATED -166,982. GLOBAL NET INC 421 WEST GRIFFIN DRIVE BOZEMAN MT 59715 810431874 INTERNET SERVICE MT C 0.60000 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 1 0 0