Marias River Electric Cooperative Inc
- Assets
- $20.3m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Shelby, MT
- Founding
- 02/1948
- Data as of
- 12/2022
- EIN
- 81-0218128
Organization Overview
Marias River Electric Cooperative Inc is located in Shelby, MT. The organization was established in 1948. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Marias River Electric Cooperative Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marias River Electric 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 12/2022, Marias River Electric Cooperative Inc generated $8.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $8.2m during the year ending 12/2022. While expenses have increased by 2.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ELECTRICAL POWER TO RURAL NORTHERN MONTANA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELECTRIC POWER SERVICE TO COOPERATIVE MEMBERS IN NORTHERN RURAL MONTANA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merle Raph President | OfficerTrustee | 2.96 | $9,246 |
Adrian Hawks Vice President | OfficerTrustee | 0.99 | $3,363 |
Joe Sisk Secretary/treasurer | OfficerTrustee | 1.7 | $4,793 |
Mel Fretheim Trustee | Trustee | 1.56 | $4,535 |
Terry Peters Trustee | Trustee | 1.14 | $4,034 |
Dan Gliko Trustee | Trustee | 1.12 | $2,900 |
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 | $7,647,744 |
| Investment income | $26,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,248,115 |
| 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 | $934,003 |
| Compensation of current officers, directors, key employees. | $289,041 |
| Compensation of current officers, directors, key employees. | $289,041 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $138,210 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,960 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $34,339 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,988 |
| Interest | $246,211 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $645,173 |
| Insurance | $43,527 |
| All other expenses | $641,747 |
| Total functional expenses | $8,168,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,306 |
| Savings and temporary cash investments | $351,748 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,026,405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $765,556 |
| Prepaid expenses and deferred charges | $21,256 |
| Net Land, buildings, and equipment | $14,096,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,842,084 |
| Total assets | $20,281,608 |
| Accounts payable and accrued expenses | $666,808 |
| 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 | $8,254,300 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $788,670 |
| Total liabilities | $9,709,778 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,159,648 |
| Retained earnings, endowment, accumulated income, or other funds | $6,412,182 |
| Total liabilities and net assets/fund balances | $20,281,608 |