POWDER RIVER ENERGY CORPORATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- POWDER RIVER ENERGY CORPORATION (EIN 83-0162161)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-07-31
- IRS object ID
- 201242139349300039
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-07-31T13:20:57-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Schmidt and Company LLC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1701 SW US Highway 40 | AddressLine1 |
| City | Blue Springs | City |
| State | MO | State |
| ZIP Code | 64015 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 830162161 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POWDER RIVER ENERGY CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | POWD | NameControl |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 930 | AddressLine1 |
| City | Sundance | City |
| State | WY | State |
| ZIP Code | 82729 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | FLOYD KANODE | Name |
| Title | CFO | Title |
| Phone | 3072833531 | Phone |
| Date Signed | 2012-06-29 | DateSigned |
| Authorize Third Party | false | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Roger Schmidt Jr | Name |
| Phone | 8883910229 | Phone |
| Date Prepared | 2012-07-31 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL EASLEY | NameOfPrincipalOfficerPerson |
| Gross Receipts | 189013711 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.PRECORP.COOP | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1945 | YearFormation |
| State Legal Domicile | WY | StateLegalDomicile |
| Activity Or Mission Description | The mission of Powder River Energy is to deliver high quality low cost electric service to its member-owners while embracing its cooperative principles and values | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 10 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 10 | NbrIndependentVotingMembers |
| Total Nbr Employees | 180 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 171265505 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 185795446 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 870807 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2879456 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 77669 | OtherRevenuePriorYear |
| Other Revenue Current Year | 46735 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 172213981 | TotalRevenuePriorYear |
| Total Revenue Current Year | 188721637 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 66883 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 23697 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 11279608 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 14907074 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 14715687 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 150472432 | OtherExpensePriorYear |
| Other Expenses Current Year | 163802645 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 165446389 | TotalExpensesPriorYear |
| Total Expenses Current Year | 189821637 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 6767592 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1100000 | RevenuesLessExpensesCY |
| Total Assets BOY | 359530407 | TotalAssetsBOY |
| Total Assets EOY | 362040082 | TotalAssetsEOY |
| Total Liabilities BOY | 193379444 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 187918238 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 166150963 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 174121844 | NetAssetsOrFundBalancesEOY |
| Mission Description | The mission of Powder River Energy is to deliver high quality low cost electric service to its member-owners while embracing its cooperative principles and values | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 189821637 | Expense |
| Revenue | 185795446 | Revenue |
| Description | Powder River Energy Corporations primary function is the distribution of electricity to its 11575 member-owners as a cooperative organized under Section 501c12 In 2009 the Company sold its member-owners 3021903294 kwh with a peak coincid ent load of 453695 kW in January The Company added over 16 million in utility plant in 2009 in order to extend and improve service | Description |
| Total Program Service Expense | 189821637 | TotalProgramServiceExpense |
| Described In501 C3 | false | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | true | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Loan To Officer Or DQP | true | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 143 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 180 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Gross Income From Members | 188561614 | GrossIncomeFromMembers |
| Gross Income Other Sources | 6718109 | GrossIncomeOtherSources |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 10 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 10 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | FLOYD KANODE | NamePerson |
| Telephone Number | 3072833531 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 930 | AddressLine1 |
| City | Sundance | City |
| State | WY | State |
| ZIP Code | 82729 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | TitleTitle | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| DAVID HOYT | ||||||||
| 12.00 | X | 10300 | 0 | 35 | ||||
| DON HAMM | ||||||||
| 10.00 | X | 9455 | 35 | |||||
| KEN KNUDSON | ||||||||
| 10.00 | X | 3280 | 35 | |||||
| LEO ANKNEY | ||||||||
| 12.00 | X | 10650 | 35 | |||||
| MIKE LOHSE | ||||||||
| 10.00 | X | 2400 | 35 | |||||
| PAM KINCHEN | ||||||||
| 10.00 | X | 5100 | 35 | SEC TREAS | ||||
| PAUL BAKER II | ||||||||
| 10.00 | X | 7050 | 35 | |||||
| PHILLIP HABECK | ||||||||
| 12.00 | X | 8100 | 35 | |||||
| REUBEN RITTHALER | ||||||||
| 12.00 | X | 5850 | 35 | |||||
| TOM DAVIS | ||||||||
| 15.00 | X | 11050 | 35 | PRESIDENT | ||||
| WALTER CHRISTENSEN | ||||||||
| 12.00 | X | 11095 | 35 | VP | ||||
| FLOYD KANODE | ||||||||
| 43.00 | 123429 | 51247 | CHIEF FINANCIAL OFFICER | X | ||||
| MICHAEL EASLEY | ||||||||
| 49.00 | 214301 | 81928 | CHIEF EXECUTIVE OFFICER | X | ||||
| MATT DAVIS | ||||||||
| 46.00 | 126682 | 47776 | VP ENGINEERING & TECH SERVICES | X | ||||
| DAVID SUTTER | ||||||||
| 46.00 | 147498 | 58255 | VICE PRESIDENT SYSTEM OPERATIONS | X | ||||
| KEN RASMUSSEN | ||||||||
| 45.00 | 104585 | 35776 | DISTRICT FOREMAN | X | ||||
| LES PENNING | ||||||||
| 49.00 | 133818 | 48311 | SR VP STRATEGIC DEVELOPMENT | X | ||||
| PATRICK DUFFY | ||||||||
| 45.00 | 102703 | 39943 | DISTRICT FOREMAN | X | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1037346 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 363621 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| MICROWAVE NETWORKS INC | |||||
| PO BOX 5826 | Hicksville | NY | 11802 | CONTRACT LABOR | 1271903 |
| BESLER INC | |||||
| 5401 CIRCLE ST | Black Hawk | SD | 57718 | CONTRACT LABOR | 506097 |
| SCHULTE TA INC | |||||
| 5950 SWANSON RD | Sheridan | WY | 82801 | CONTRACT LABOR | 656820 |
| NISC | |||||
| PO BOX 1147 | Mandan | ND | 58554 | CONTRACT LABOR | 502778 |
| BACCARI AND ASSOCIATES LLC | |||||
| 1949 SUGARLAND DRIVE | Sheridan | WY | 82801 | ENGINEERING | 582894 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 20 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| ELECTRIC SERVICE | 221000 | 177742558 | 177742558 | |
| CAPITAL CREDITS | 221000 | 6636386 | 6636386 | |
| TRANSMISSION REV | 221000 | 1354054 | 1354054 | |
| POLE RENTAL | 531190 | 13305 | $13,305 | |
| OTHER RENTAL INCOME | 531190 | 49143 | 49143 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 185795446 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1854426 | TotalRevenueColumn |
| Exclusion | $1,854,426 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 59754 | Real |
| Personal | 450 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 13207 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 46547 | Real |
| Personal | 450 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 46997 | TotalRevenueColumn |
| Related Or Exempt Function Income | 46997 | RelatedOrExemptFunctionIncome |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1302554 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 277524 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | 1025030 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1025030 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1025030 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 1081 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1343 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -262 | TotalRevenueColumn |
| Related Or Exempt Function Income | -262 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 188721637 | TotalRevenueColumn |
| Related Or Exempt Function Income | 186853906 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,867,731 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4697 | Total |
| Program Services | 4697 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 19000 | Total |
| Program Services | 19000 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11279608 | Total |
| Program Services | 11279608 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 555619 | Total |
| Program Services | 555619 | ProgramServices |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8666239 | Total |
| Program Services | 8666239 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2233297 | Total |
| Program Services | 2233297 | ProgramServices |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2488047 | Total |
| Program Services | 2488047 | ProgramServices |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 772485 | Total |
| Program Services | 772485 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 166598 | Total |
| Program Services | 166598 | ProgramServices |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27351 | Total |
| Program Services | 27351 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60178 | Total |
| Program Services | 60178 | ProgramServices |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6335032 | Total |
| Program Services | 6335032 | ProgramServices |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12899326 | Total |
| Program Services | 12899326 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| PURCHASED POWER | 137942103 | 137942103 |
| OPERATION & MAINT-DISTRIBUTI | 972896 | 972896 |
| OPERATION & MAINT-TRANSMISSI | 3906401 | 3906401 |
| TAX EXPENSE-PROPERTY | 457541 | 457541 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1035219 | Total |
| Program Services | 1035219 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 189821637 | Total |
| Program Services | 189821637 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42352 | BOY |
| EOY | -19622 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9552330 | BOY |
| EOY | 7969598 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12809067 | BOY |
| EOY | 13507381 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1159 | BOY |
| EOY | 120 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1790403 | BOY |
| EOY | 1563954 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10150081 | BOY |
| EOY | 10527660 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 420414 | BOY |
| EOY | 259993 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 334332507 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 129021983 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 209657901 | BOY |
| EOY | 205310524 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 87808068 | BOY |
| EOY | 94163784 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 299628 | BOY |
| EOY | 284898 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26999004 | BOY |
| EOY | 28471792 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 359530407 | BOY |
| EOY | 362040082 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12857075 | BOY |
| EOY | 11855981 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5720000 | BOY |
| EOY | 6820000 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 126550146 | BOY |
| EOY | 123283076 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20000 | BOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48232223 | BOY |
| EOY | 45959181 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 193379444 | BOY |
| EOY | 187918238 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 166150963 | BOY |
| EOY | 174121844 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 166150963 | BOY |
| EOY | 174121844 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 359530407 | BOY |
| EOY | 362040082 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1100000 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 9070881 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 6744152 | OtherCostOrOtherBasis |
| Book Value | 6744152 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 281295 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 8329216 | OtherCostOrOtherBasis |
| Depreciation | 4041027 | Depreciation |
| Book Value | 4569484 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 307204482 | OtherCostOrOtherBasis |
| Depreciation | 124980956 | Depreciation |
| Book Value | 182223526 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11773362 | OtherCostOrOtherBasis |
| Book Value | 11773362 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 205310524 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| ASSOCIATED ORGANIZATIONS-PAT C | 90900223 | C |
| ASSOCIATED ORGANIZATIONS-NONGE | 3263561 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 94163784 | TotalOfBookValueProgramRelated |
Other Assets OtherAssets (10 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| INTEREST RECEIVABLE | 33970 |
| SPECIAL FUND-COST OF RETIREMEN | 17280486 |
| SPECIAL FUND-RISK MANAGEMENT C | 6734848 |
| SPECIAL FUND-ECONOMIC DEVELOPM | 977473 |
| SPECIAL FUND-ENERGY CONSERVATI | 235124 |
| RECEIVABLES FROM EMPLOYEES | 21836 |
| ACCOUNTS RECEIVABLE FROM ASSOC | 42772 |
| SPECIAL FUND-DEFERRED REVENUE | 3000000 |
| SPECIAL FUND-DEFERRED COMPENSA | 30347 |
| OTHER | 114936 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 28471792 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (10 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| POST-RETIREMENT BENEFIT OBLIGA | $1,988,600 |
| CONSUMER DEPOSITS | $1,221,920 |
| OTHER DEFERRED CREDITS | $2,529,188 |
| ACCRUED TAXES | $1,122,702 |
| ACCRUED EMPLOYEE LEAVE | $1,831,184 |
| CUSTOMER ADVANCES FOR CONSTRUC | $12,321,013 |
| CUSTOMER CCR PREPAYMENTS | $5,946,083 |
| CBM PREPAID COST OF RETIREMENT | $17,278,037 |
| INTEREST ACCRUED | $1,003,307 |
| MISC | $717,147 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 45959181 | TotalOfAmounts |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Monitoring procedures (Part I, line 2) | Identifier |
| Explanation | The company provides scholarships for secondary education to individuals selected by the Board of Directors. The scholarship funds are paid directly to the schools at the beginning of each semester. The recipients must remain in good standing in order to continue to receive tuition assistance. The Company also has a youth scholarship program for younger students which provides funds for educational and athletic camps. The scholarship program is funded by unclaimed capital credits. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Written Policy Re T And E Expenses | false | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (5 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MICHAEL EASLEY | |||||||||||||
| 210000 | 0 | 263 | 0 | 4038 | 0 | 69328 | 0 | 12600 | 0 | 296229 | 0 | 0 | 0 |
| FLOYD KANODE | |||||||||||||
| 119884 | 0 | 1204 | 0 | 2341 | 0 | 44057 | 0 | 7190 | 0 | 174676 | 0 | 0 | 0 |
| DAVID SUTTER | |||||||||||||
| 143569 | 0 | 1153 | 0 | 2776 | 0 | 49805 | 0 | 8450 | 0 | 205753 | 0 | 0 | 0 |
| LES PENNING | |||||||||||||
| 124595 | 0 | 4353 | 0 | 4870 | 0 | 40847 | 0 | 7464 | 0 | 182129 | 0 | 0 | 0 |
| MATT DAVIS | |||||||||||||
| 125529 | 0 | 1153 | 0 | 0 | 0 | 41401 | 0 | 6375 | 0 | 174458 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | 01 Benefit information Part I line 1a | Identifier |
| Explanation | The Company headquarters are located in a remote rural location in the extreme northeast corner of Wyoming It is occasionally deemed expedient to charter small piston-engined airplanes when company business requires travel outside of our territory This occurs primarily when travel is necessary to one of two destinations The first would be the state capital Cheyenne for regulatory and government meetings or activities affecting the cooperative directly or indirectly The second is the Bismarck North Dakota offices of our principal power supplier Basin Electric Basin is also a cooperative and the Company is therefore an Owner-Member of Basin and participates in its general and special meetings These charters are for business purposes only have no compensatory purposes whatsoeve | Explanation |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LES PENNING | NamePerson |
| Purpose Of Loan | DUES | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $500 | OriginalPrincipalAmount |
| Balance Due | 120 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 120 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | REUBEN RITTHALER | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | DIRECTOR | Relationship |
| Description Of Transaction | PURCHASED POWER | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (11 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| 01. Officer, directors, etc. family relationship (Part VI, line 2) | Our Directors many of whom are ranchers occasionally enter into transactions with one another for purposes related to that activity An example would be the purchase of hay for stock The transactions typically are for small amounts In 2008 the largest known was approximately 15000 |
| 02. Members or stockholder classes and rights (Part VI, line 6) | The Company is organized as a cooperative and therefore has Member-Owners who elect a Board of Directors |
| 03. Member election for additional members (Part VI, line 7a) | The Company is organized as a cooperative and therefore has Member-Owners who elect a Board of Directors |
| 04. Form 990 governing body review (Part VI, line 11) | The Form 990 and accompanying schedules are completed by the staff Financial Analyst and reviewed by the Manager of Finance Following review and revisions the Form 990 and schedules are reviewed by the Chief Financial Officer Any additional revisions are then incorporated into the form and schedules and a final version is prepared for filing The Chief Financial Officer authorizes electronic filing of the final Form 990 and schedules |
| 05. Conflict of interest policy compliance (Part VI, line 12c) | Officers and Directors are given annual Conflict of Interest questionnaires to complete All employees are expected to be familiar with the Conflict of Interest provisions of our Code of Ethics Policy and to disclose any situation that violates may violate or could appear to violate the spirit and intent of the policy |
| 06. CEO, executive director, top management comp (Part VI, line 15a) | The Company has a Compensation Administration policy which provides that the Board of Directors maintains final authority for compensation administration The Company hires a compensation consultant who provides information on market benchmarks and assists the Company in creating its salary structure The Board of Directors is the ultimate determining body for the salaries of the CEO and the CFO |
| 07. Other officer or key employee compensation (Part VI, line 15b | The Company has a Compensation Administration policy which provides that the Board of Directors maintains final authority for compensation administration The Company hires a compensation consultant who provides information on market benchmarks and assists the Company in creating its salary structure The Board of Directors is the ultimate determining body for the salaries of the CEO and the CFO |
| 08. Governing documents, etc, available to public (Part VI, line 19) | The Company files an annual financial statement the Form 7 with Rural Development United States Department of Agriculture which is a matter of public record The Company which is organized as a cooperative and therefore serves Member-Owners makes all its governing documents and policies available to them Bylaws are provided when a Member-Owner is enrolled and all other policies are available on request |
| 09. Not undergone required audits or steps for audit (part XII, line 3b) | The Company has a non-calendar year audit performed as of June 30th annually |
| 10. Explanation of other changes in net assets or fund balances (Part XI, line 5) | The Company allocated capital credits of 10269841 retired member capital credits totaling 2285307 had patronage capital credits assignable remaining of -8059 had net forfeited retired but unclaimed capital credits of -7270 had net change in retired but unclaimed capital credits of 41296 deferred revenue totalling 1100000 and had an adjustment to post-retirement benefits of 39619 |
| 11. General explanation attachment | SCHEDULE D PART XIV SUPPLEMENTAL INFORMATION Pursuant to FSP FIN 48-3 Effective Date of FASB Interpretation No 48 for Certain Nonpublic Enterprises the Cooperative has elected to defer application of FASB Interpretation No 48 Accounting for Uncertainty in Income Taxes The Cooperative evaluates the components of the annual test for maintenance of its tax-exempt status under Section 501c12 of the Internal Revenue Code of 1986 as amended An accrual for tax liability would occur if at the date of the financial statement it is probable that such a liability has occurred and the amount of the liability can be reasonably estimated PART IV LINE 12 The Company does receive an audited financial statement prepared in accordance with generally accepted accounting principles The Company audit period however is of a fiscal year beginning July 1 and ending June 30 Therefore at this time the comapny has an audited financial statement for the first six months of 2011 only SCHEDULE L PART IV Business Transactions Involving Interested Persons A member of our Board of Directors Reuben Ritthaler is also a member of the Board of Directors of Basin Electric Power Cooperative The Company has an all requirements purchase power contract with Basin It is customary for a member of the Board of an electric distribution cooperative to serve on the Board of the generation and transmission cooperative from which it purchases power SCHEDULE R Related Organizations and Unrelated Partnerships In 2008 the Company established the Powder River Energy Corporation Foundation a charitable organization dedicated to providing donations and grants for charitable purposes in its service territory The Foundation upon establishment shared the Companys Board of Directors but since that time an independent Board of Directors has taken control The Company continue to provide administrative services to the Foundation including accounting banking office space and supplies and communications The Company also processes and transfer donations made through the Operation RoundUp program which allows members to elect to round up their electric bill to the next highest dollar with that amount contributed as a donation to the SCHEDULE J PART III The company headquarters are located in a remote rural location in the extreme northeast corner of Wyoming It is occasionally deemed expedient to charter small piston-engined airplanes when the company business requires travel outside of our service territory This occurs primarily when travel is necessary to two destinations The first would ne the state capital located in Cheyenne for regulatory governmental and associational meetings or activities affecting the Company The second location is the Bismarck North Dakota offices of our principal power supplier Basin Electric Power Cooperative As Basin is a cooperative organization the Company is an Owner-Member of Basin and participates in its general and special meetings PART IX Line 4-The Company listed the 2011 year end net margins allocated as capital credits to members on line 4 Benefits paid to or for members This change in reporting came about from a significant change in the Form 990 in which the instructions clarify that patronage dividends paid by section 501c12 organizations to their members should be reported The Company has been advised that this amount should be allocated patronage and not retired patronage The two year comparison showing the change in reporting can be seen on Part 1 Line 14 Part XII Financial Statements and Reporting numbers 3a and 3b The Company received a grant from the DOE to develop a Smart Grid project The Comapny is scheduled to be audited June 25th through June 29th 2012 by the DOE Part XII Financial Statements and Reporting number 2a b & c The Companys financial statements are compiled internally then audited by independent auditors The Comapny has an Audit Committee that oversees the audit process The Companys fiscal year begins July 1 and ends June 30 |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRECORP SERVICES LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 930 | AddressLine1 |
| City | Sundance | City |
| State | WY | State |
| ZIP Code | 82729 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 830331925 | EIN |
| Primary Activities | NO ACTIVITY | PrimaryActivities |
| Legal Domicile State | WY | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POWDER RIVER ENERGY CORP FOUND | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 930 | AddressLine1 |
| City | Sundance | City |
| State | WY | State |
| ZIP Code | 82729 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208802389 | EIN |
| Primary Activities | CHARITABLE GIVING | PrimaryActivities |
| Legal Domicile State | WY | LegalDomicileState |
| Exempt Code Section | 501C3 | ExemptCodeSection |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Org | false | ControlledOrg |