Southern Montana Electric G & T Cooperative Inc
- Assets
- $3.1m
- Revenue
- $21.7m
- Investments
- $7.7k
- Employees
- 3
- Location
- Billings, MT
- Founding
- Data as of
- 12/2016
- EIN
- 72-1560392
Organization Overview
Southern Montana Electric G & T Cooperative Inc is located in Billings, MT. As of 12/2016, Southern Montana Electric G & T Cooperative Inc employed 3 individuals. Southern Montana Electric G & T Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2016, Southern Montana Electric G & T Cooperative Inc generated $21.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $16.3m during the year ending 12/2016. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRICAL POWER TO FOUR RURAL ELECTRIC UTILITY COOPERATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ELECTRICAL POWER TO THREE RURAL ELECTRIC UTILITY COOPERATIVES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dover President | OfficerTrustee | 5 | $0 |
Jim Decock Vice President | OfficerTrustee | 4 | $0 |
Deedee Isaacs Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Jason Swanz Trustee | Trustee | 1 | $0 |
Lee Howard Trustee | Trustee | 1 | $0 |
Jim Collins Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bingham Mccutchen Llp Legal Fees | 12/30/14 | $941,729 |
Alvarez And Marsal Financial Advisor Fees | 12/30/14 | $803,159 |
Goodrich Law Firm Pc Legal Fees | 12/30/14 | $199,713 |
Mcguirewoods Llp Legal Fees | 12/30/14 | $354,109 |
Horowitz And Burnett Pc Legal Fees | 12/30/14 | $245,473 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $21,642,516 |
| Investment income | $38 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,591 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,696,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,778 |
| Pension plan accruals and contributions | $3,960 |
| Other employee benefits | $65,403 |
| Payroll taxes | $18,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $172,044 |
| Fees for services: Accounting | $26,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,148 |
| Advertising and promotion | $0 |
| Office expenses | $8,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,340 |
| Travel | $5,052 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,351 |
| Insurance | $7,983 |
| All other expenses | $280,554 |
| Total functional expenses | $16,250,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $827,075 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,179,617 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,085 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,700 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,068,477 |
| Accounts payable and accrued expenses | $1,531,470 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,531,470 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,537,007 |