2013-05-09T16:47:24-05:00 2012-12-31 810386935 SUMMERS MCNEA & CO PC 80 25TH STREET WEST BILLINGS MT 591024662 990 2012-01-01 810211565 YELLOWSTONE VALLEY ELECTRIC COOPERATIVE INC YELL 4063483411 PO BOX 249 HUNTLEY MT 590370249 DAN SWARTZ 4063483411 2013-04-29 1 RICHARD A MATUSIAK P00524085 4066522320 2013-04-29 2012 2016-02-25 16:41:14Z BRANDON WITTMAN 150 COOPERATIVE WAY HUNTLEY MT 59034 30820600 0 X YVEC.COM X 1937 MT YELLOWSTONE VALLEY ELECTRIC COOPERATIVE, INC. OPERATES AS AN RURAL ELECTRIC UTILITY ON A NON PROFIT BASIS BY PROVIDING ELECTRICAL POWER AND UTILITY SERVICES TO ITS MEMBERS AND PATRONS LOCATED IN THE CENTRAL PORTION OF MONTANA. THE COOPERATIVE IS EXEMPT UNDER SECTION 501 (C) (12). 7 7 60 0 12400 12400 0 0 29803675 30398495 92621 83530 430771 338575 30327067 30820600 0 0 582309 667285 845394 765653 0 0 0 27911869 28870709 29339572 30303647 987495 516953 62836515 66829052 45336017 48806722 17500498 18022330 RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE CENTRAL PORTION OF MONTANA. 0 0 27861420 30618364 COOPERATIVE RESOURCES AND ACTIVITIES ARE RELATED TO PROVIDING ELECTRICAL POWER AND SERVICES TO APPROXIMATELY 14,692 MEMBERS AND PATRONS LOCATED IN THE CENTRAL PORTION OF THE STATE OF MONTANA. 27861420 0 0 0 0 0 0 0 0 0 1 0 1 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 1 206 0 60 1 1 1 0 0 0 0 0 0 34101035 232269 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X TRISH RUGG 4063483411 150 COOPERATIVE WAY HUNTLEY MT 59037 DAVE KELSEY 17.00 X 36473 0 0 DANIEL R SWARTZ 4.00 X X 22848 0 0 RICHARD A WELDON 5.00 X X 12666 0 0 MARLENE AMEN 9.00 X X 14378 0 0 JWILLIAM KELLER 4.00 X 10435 0 0 LARRY KAUFMAN 5.00 X X 12990 0 0 RONALD OHLIN 4.00 X 12625 0 0 BRANDON J WITTMAN 40.00 X 159023 0 58187 TRISH CASTILLO RUGG 40.00 X 63814 0 28479 345252 0 86666 1 0 1 0 DORSEY & WHITNEY LLP PO BOX 168 MINNEAPOLIS MN 55480 ATTORNEY SERVICES 423321 NISC PO BOX 1147 MANDAN ND 58554 GENERAL AND MONTHLY COMPUTER SEVICES 211777 CRIST KROGH & NORD LLC 2708 1ST AVENUE N BILLINGS MT 59101 ATTORNEY SERVICES 155706 B&B TELECABLE INC PO BOX 21298 BILLINGS MT 59104 PLANT CONSTRUCTION 129415 4 UTILITIES & SERVICES 221000 30398495 30398495 30398495 83530 83530 44736 0 44736 44736 12400 32336 WAPA WHEELING CREDIT 221000 157500 157500 CAPITAL CREDITS ALLOC 221000 133556 133556 MERCHANDISING 221000 2783 2783 293839 30820600 30618364 12400 189836 667285 667285 431918 431918 327853 327853 5882 5882 536501 536501 13700 13700 2495 2495 12900 12900 104711 104711 51851 51851 2114617 2083250 31367 1880852 1719099 161753 21527 21527 COST OF POWER 18544460 18544460 DISTRIBUTION OPERATIONS 2534147 2534147 DISTRIBUTION MAINTENANC 1156021 1156021 CONSUMER ACCOUNTS 741668 741668 1155259 415490 739769 30303647 27861420 2442227 0 67367 337705 1788213 5912058 2189965 1966894 1303563 1303563 560028 569680 4 169 71837236 22753448 49272110 49083788 130776 149620 7383441 7445173 141048 60402 62836515 66829052 3019283 3289377 41568130 43108086 748604 2409259 45336017 48806722 X 142040 146919 37732 37732 17320726 17837679 17500498 18022330 62836515 66829052 X 516953 4879 X X 0 0 0 515866 515866 2652072 496934 2155138 4097394 3910160 187234 64571904 18346354 46225550 49083788 CFC TERM CERTIFICATES 635805 C CFC & FEDERATED PATRONAGE ALLOCATION 367248 C SOUTHERN MONTANA PATRONAGE & CAPITAL INVESTMENT 6027334 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS 42046 C CO BANK PATRONAGE ALLOCATION 324221 C NISC PATRONAGE ALLOCATION 48519 C 7445173 CONSUMER DEPOSITS 218598 CONSUMER ENERGY PREPAYMENTS 202145 OTHER SPECIAL FUNDS 1527 CAPITAL CREDIT PAYABLE 360992 OBLIGATIONS UNDER CAPITAL LEASES 25997 CONTRIBUTION IN AID OF CONSTRUCTION- DEPOSIT 1600000 2409259 X 34523140 3702540 3702540 30820600 0 30820600 29636362 0 29636362 667285 667285 30303647 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS EXISTING AT DECEMBER 31, 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONTRIBUTIONS IN AID OF CONSTRUCTION RECEIVED FROM MEMBERS FOR PLANT CONSTRU PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO MEMBERS - CAPITAL CREDITS RETIREMENTS PART VI-LINE 1E-OTHER PROPERTY- INCLUDES TRANSMISSION POLES, WIRE AND STATION EQUIPMENT TOTALING $8,302,763; DISTRIBUTION PLANT OF POLES, WIRES, STATION EQUIPMENT, METERS AND TRANSFORMERS TOTALING $55,643,134;INTANGIBLE PLANT $292,372 AND CONSTRUCTION WORK IN PROGRESS TOTALING $333,635. 1 X X 0 0 0 DAVE KELSEY 36473 0 0 0 0 0 0 0 0 0 36473 0 0 0 DANIEL R SWARTZ 22848 0 0 0 0 0 0 0 0 0 22848 0 0 0 RICHARD A WELDON 12666 0 0 0 0 0 0 0 0 0 12666 0 0 0 MARLENE AMEN 14378 0 0 0 0 0 0 0 0 0 14378 0 0 0 JWILLIAM KELLER 10435 0 0 0 0 0 0 0 0 0 10435 0 0 0 LARRY KAUFMAN 12990 0 0 0 0 0 0 0 0 0 12990 0 0 0 RONALD OHLIN 12625 0 0 0 0 0 0 0 0 0 12625 0 0 0 BRANDON J WITTMAN 159023 0 0 0 0 0 42854 0 15333 0 217210 0 0 0 TRISH CASTILLO RUGG 63814 0 0 0 0 0 21686 0 6793 0 92293 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 14,692 VOTING MEMBERS AT DECEMBER 31, 2012. 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 MARCH 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 FORM 990 IS REVIEWED AND APPROVED BY THE GENERAL MANAGER, THE BOARD PRESIDENT AND SECRETARY/TREASURER PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COOPERATIVE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE ORGANIZATION POLICY HANDBOOK. ALL TRUSTEES MUST DISCLOSE ANNUALLY IN WRITING TO THE BOARD ANY SITUATION OR TRANSACTION IN WHICH THE TRUSTEE 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 COOPERATIVE ASSOCIATION (NRECA) PERFORMS AN ANNUAL SALARY SURVEY BY JOB CLASSIFICATION. THE BOARD OF DIRECTORS MAKES USE OF THESE SALARY SURVEYS FROM MECA AND NRECA TO DETERMINE THE SALARY GUIDELINES FOR THE GENERAL MANAGER SALARY. THE GENERAL MANAGER USES THESE SALARY SURVEYS TO DETERMINE THE RANGE OF SALARIES FOR THE ADMINISTRATIVE PERSONNEL. THE COOPERATIVE LINEMEN SALARIES ARE ESTABLISHED BY A SIGNED COLLECTIVELY BARGAINED 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 YELLOWSTONE VALLEY ELECTRIC COOPERATIVE'S BY LAWS. 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 MARCH OF EACH YEAR. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: INCREASE IN MEMBERSHIP DEPOSIT 4,879. 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 ITS MEMBERSHIP AT THE ANNUAL MEETING HELD IN MARCH OF EACH YEAR.