Civic Intelligence

Rushmore Electric Power Coop

990 • Fiscal year 2012 • EIN 46-0226551

Jan 01, 2012 to Dec 31, 2012 • Filed on Jul 25, 2013

Organization ProfileWWW.RUSHELEC.COM

View Organization Page

PO Box 241457709
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

4th percentile

0.14x

Higher debt load relative to assets than 4% of similar nonprofits.

2012 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

90th percentile

9.7%

Faster asset growth than 90% of similar nonprofits.

2012 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets4th percentile

Assets

Up

$40,998,876

Up $3,636,279 (+9.7%) from 2011

Net Assets

Up

$35,193,393

Up $2,132,639 (+6.5%) from 2011

Liabilities

Up

$5,805,483

Up $1,503,640 (+35%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$4,037,847

Up $513,556 (+15%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2010: $36,917,380Liabilities 2010: $5,900,974Net Assets 2010: $31,016,4062010Assets 2011: $37,362,597Liabilities 2011: $4,301,843Net Assets 2011: $33,060,7542011Assets 2012: $40,998,876Liabilities 2012: $5,805,483Net Assets 2012: $35,193,3932012Assets 2013: $46,207,430Liabilities 2013: $8,105,516Net Assets 2013: $38,101,9142013Assets 2014: $47,270,272Liabilities 2014: $7,147,095Net Assets 2014: $40,123,1772014Assets 2015: $49,054,242Liabilities 2015: $6,769,041Net Assets 2015: $42,285,2012015Assets 2016: $57,657,007Liabilities 2016: $9,005,999Net Assets 2016: $48,651,0082016Assets 2017: $58,449,042Liabilities 2017: $8,604,104Net Assets 2017: $49,844,9382017Assets 2018: $64,784,609Liabilities 2018: $7,561,353Net Assets 2018: $57,223,2562018Assets 2019: $64,320,597Liabilities 2019: $7,007,239Net Assets 2019: $57,313,3582019Assets 2020: $65,019,371Liabilities 2020: $6,708,229Net Assets 2020: $58,311,1422020Assets 2021: $66,615,714Liabilities 2021: $8,874,779Net Assets 2021: $57,740,9352021Assets 2022: $78,036,719Liabilities 2022: $14,806,546Net Assets 2022: $63,230,1732022Assets 2023: $76,030,638Liabilities 2023: $8,988,743Net Assets 2023: $67,041,8952023Assets 2024: $79,206,939Liabilities 2024: $10,297,726Net Assets 2024: $68,909,2132024

Highlighted filing

2012

Assets$40,998,876
Liabilities$5,805,483
Net Assets$35,193,393
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,232,4442010Expenses 2011: $3,524,2912011Expenses 2012: $4,037,8472012Revenue 2013: $6,745,177Expenses 2013: $3,836,656Net Income 2013: $2,908,5212013Revenue 2014: $6,729,144Expenses 2014: $4,707,881Net Income 2014: $2,021,2632014Revenue 2015: $6,729,674Expenses 2015: $4,567,650Net Income 2015: $2,162,0242015Revenue 2016: $11,119,658Expenses 2016: $4,753,851Net Income 2016: $6,365,8072016Revenue 2017: $8,419,600Expenses 2017: $7,225,670Net Income 2017: $1,193,9302017Revenue 2018: $15,095,084Expenses 2018: $7,716,766Net Income 2018: $7,378,3182018Revenue 2019: $8,122,958Expenses 2019: $8,032,856Net Income 2019: $90,1022019Revenue 2020: $8,774,347Expenses 2020: $7,776,563Net Income 2020: $997,7842020Revenue 2021: $7,530,453Expenses 2021: $8,100,660Net Income 2021: -$570,2072021Revenue 2022: $14,508,098Expenses 2022: $9,018,860Net Income 2022: $5,489,2382022Revenue 2023: $12,386,958Expenses 2023: $8,575,236Net Income 2023: $3,811,7222023Revenue 2024: $11,018,366Expenses 2024: $9,151,048Net Income 2024: $1,867,3182024

Highlighted filing

2012

Revenue-
Expenses$4,037,847
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Jul 25, 2013
Return Version
2012v2.1
Gross Receipts
$61,275,135
Mission and Program Overview

Mission

Wholesale power supplier to distribution company

Filing and Contact Details

Filer

EIN
46-0226551
Raw XML AppendixShowing 400 of 515 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0AT DECEMBER 31, 2012, THE COOPERATIVE BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST. IN ACCORDANCE WITH THE APPLICABLE STATUTE OF LIMITATIONS, THE COOPERATIVE'S TAX RETURNS COULD BE AUDITED BY THE INTERNAL REVENUE SERVICE FOR THE YEARS ENDED DECEMBER 31, 2009 TO 2012.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation5PART IX, LINE 7-10 THE COOPERATIVE, AS A PART OF ITS NORMAL OPERATIONS AND IN ACCORDANCE WITH RURAL ELECTRIC COOPERATIVE GUIDELINES, CAPITALIZES A PORTION OF ITS SALARIES AND RELATED BENEFITS. THESE CAPITALIZED SALARIES AND RELATED BENEFITS ARE INCLUDED IN THE LAND, BUILDINGS, AND EQUIPMENT. (LINE 10A OF PART X)
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IRS990ScheduleJ/Form990ScheduleJPartII/Title0GEN MANAGER
IRS990ScheduleJ/Form990ScheduleJPartII/Title1ENGIN MGR
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0207873
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg1173894
IRS990/ScheduleJRequired0true
IRS990ScheduleJ/SeverancePayment0false
IRS990ScheduleJ/SupplementalNonqualRetirePlan0false
IRS990ScheduleJ/WrittenEmploymentContract0X
IRS990ScheduleL/LoanTable/ApprovedByBoard0true
IRS990ScheduleL/LoanTable/BalanceDue02473
IRS990ScheduleL/LoanTable/Default0false
IRS990ScheduleL/LoanTable/LoanFromOrganization0X
IRS990ScheduleL/LoanTable/NameBusiness/BusinessNameLine10MICHAEL BOWERS
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount03600
IRS990ScheduleL/LoanTable/PurposeOfLoan0COMPUTER
IRS990ScheduleL/LoanTable/WrittenAgreement0true
IRS990ScheduleL/TotalBalanceDue02473
IRS990ScheduleO/GeneralExplanation/Explanation0THERE ARE EIGHT MEMBER COOPERATIVES, EACH OF WHICH HAS ONE REPRESENTATIVE THAT IS A VOTING MEMBER OF OUR BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation1EACH MEMBER COOPERATIVE ELECTS ONE OF THEIR BOARD OF DIRECTORS TO BE ON THE BOARD OF DIRECTORS OF RUSHMORE ELECTRIC POWER COOPERATIVE.
IRS990ScheduleO/GeneralExplanation/Explanation2MANAGEMENT HAS AN OUTSIDE CPA FIRM PREPARE THE FORM 990. A COPY IS PROVIDED TO THE BOARD OF DIRECTORS TO REVIEW BEFORE FILING. MANAGEMENT REVIEWS AND APPROVES THE FORM 990 BEFORE FILING.
IRS990ScheduleO/GeneralExplanation/Explanation3THE GENERAL MANAGER AND BOARD OF DIRECTORS ARE RESPONSIBLE FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY AT ALL COMMITTEE AND BOARD MEETINGS.
IRS990ScheduleO/GeneralExplanation/Explanation4A YEARLY COMPENSATION STUDY IS PREPARED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION. THE STUDY INCLUDES NATIONAL, REGIONAL, STATE AND LOCAL WAGE COMPARISONS FOR EACH POSITION IN THE COOPERATIVE. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE GENERAL MANAGER. DOCUMENTATION OF COMPARABLE DATA IS MAINTAINED.
IRS990ScheduleO/GeneralExplanation/Explanation5THE GENERAL MANAGER ALSO ASSUMES THE ROLE OF FINANCE OFFICER.
IRS990ScheduleO/GeneralExplanation/Explanation6UPON WRITTEN REQUEST THE COOPERATIVE WILL MAIL OUT ANNUAL REPORTS, RUS REPORTS AND THE ARTICLES OF INCORPORATION TO NON-MEMBERS. MEMBERS CAN RECEIVE THE ARTICLES OF INCORPORATION, BYLAWS, BOARD POLICIES, WHOLESALE RATE SCHEDULE, AUDIT REPORTS, MANAGEMENT AUDITS, POWER BILLING DATA, ENGINEERING STUDIES, LOAD STUDIES, ANNUAL REPORTS, RUS REPORTS AND RATE STUDIES.
IRS990ScheduleO/GeneralExplanation/Explanation7INTER-COMPANY ELIMINATING ACTIVITY - ENGINEERING 122,967 COST OF POWER 55,089,565 RCI RENT 15,084 LEASED EMPLOYEES AND ADMIN FEE - CU -305,622 PAYROLL REIMBURSE-RCI -215,896 INTER-COMPANY ELIMINATING ACTIVITY - ENGINEERING -122,967 COST OF POWER -55,089,565 RCI RENT -15,084 LEASED EMPLOYEES AND ADMIN FEE - CU 305,622 PAYROLL REIM-RCI 215,896 RETIREMENT OF CAPITAL CREDITS 257,383
IRS990ScheduleO/GeneralExplanation/Explanation8RETIREMENT OF CAPITAL CREDITS 257,383
IRS990ScheduleO/GeneralExplanation/Identifier0CLASSES OF MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier1ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier2ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier3ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier4COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier5COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/Identifier7RECONCILIATION OF CHANGES - OTHER
IRS990ScheduleO/GeneralExplanation/Identifier8OTHER CHANGES IN NET ASSETS EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XI, LINE 9
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PART XI, LINE 9
IRS990/ScheduleORequired0true
IRS990ScheduleR/DividendsRelatedOrganization0false
IRS990ScheduleR/ExchangeOfAssets0false
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/AddressLine101715 CAMBELL ST
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/City0RAPID CITY
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/State0SD
IRS990ScheduleR/Form990ScheduleRPartIV/AddressUS/ZIPCode057701
IRS990ScheduleR/Form990ScheduleRPartIV/ControlledOrg0true
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityName/BusinessNameLine10RUSHMORE
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityName/BusinessNameLine20RUSHMORE ELECTRIC POWER
IRS990ScheduleR/Form990ScheduleRPartIV/EIN0460447025

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$40,998,876
Liabilities
$5,805,483
Net assets
$35,193,393
Revenue
-
Expenses
$4,037,847
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$79.2$10.3$68.9$11.0$9.15$1.87
2023Detailed filing. Detailed filing data is available for this year.$76.0$8.99$67.0$12.4$8.58$3.81
2022Detailed filing. Detailed filing data is available for this year.$78.0$14.8$63.2$14.5$9.02$5.49
2021Detailed filing. Detailed filing data is available for this year.$66.6$8.87$57.7$7.53$8.10$0.57
2020Detailed filing. Detailed filing data is available for this year.$65.0$6.71$58.3$8.77$7.78$1.00
2019Detailed filing. Detailed filing data is available for this year.$64.3$7.01$57.3$8.12$8.03$0.09
2018Detailed filing. Detailed filing data is available for this year.$64.8$7.56$57.2$15.1$7.72$7.38
2017Detailed filing. Detailed filing data is available for this year.$58.4$8.60$49.8$8.42$7.23$1.19
2016Detailed filing. Detailed filing data is available for this year.$57.7$9.01$48.7$11.1$4.75$6.37
2015Detailed filing. Detailed filing data is available for this year.$49.1$6.77$42.3$6.73$4.57$2.16
2014Detailed filing. Detailed filing data is available for this year.$47.3$7.15$40.1$6.73$4.71$2.02
2013Detailed filing. Detailed filing data is available for this year.$46.2$8.11$38.1$6.75$3.84$2.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.0$5.81$35.2$4.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.4$4.30$33.1$3.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.9$5.90$31.0$3.23