Civic Intelligence

Nebraska Electric Generation & Transmission Cooperative Inc

990 • Fiscal year 2021 • EIN 47-0438125

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 08, 2022

Organization Profilenegt.coop
2472 18th AveColumbus, NE 68601

(402) 564-8142

Siviq Scores

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

Liabilities / Assets

99th percentile

0.95x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

1st percentile

0.10x

Higher debt load relative to revenue than 1% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Net Margin

49th percentile

0.0%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

26th percentile

$293,183

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Asset Growth

1st percentile

-15%

Faster asset growth than 1% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

20th percentile

0.4%

Faster revenue growth than 20% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$24,698,351

Down $4,468,855 (-15%) from 2020

Net Assets

Down

$1,236,630

Down $70,515 (-5.4%) from 2020

Liabilities

Down

$23,461,721

Down $4,398,340 (-16%) from 2020

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin49th percentile

Revenue

Up

$237,875,387

Up $924,856 (+0.4%) from 2020

Expenses

Up

$237,875,387

Up $924,856 (+0.4%) from 2020

Net Income

Flat

$0

Flat from 2020

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$40M$30M$20M$10M$0Assets 2011: $23,762,498Liabilities 2011: $22,830,528Net Assets 2011: $931,9702011Assets 2012: $25,850,697Liabilities 2012: $24,817,959Net Assets 2012: $1,032,7382012Assets 2013: $34,603,624Liabilities 2013: $33,552,031Net Assets 2013: $1,051,5932013Assets 2014: $31,409,232Liabilities 2014: $30,417,348Net Assets 2014: $991,8842014Assets 2015: $30,688,833Liabilities 2015: $29,636,059Net Assets 2015: $1,052,7742015Assets 2016: $35,264,201Liabilities 2016: $34,196,036Net Assets 2016: $1,068,1652016Assets 2017: $32,628,195Liabilities 2017: $31,517,050Net Assets 2017: $1,111,1452017Assets 2018: $35,983,500Liabilities 2018: $34,893,349Net Assets 2018: $1,090,1512018Assets 2019: $29,802,955Liabilities 2019: $28,586,627Net Assets 2019: $1,216,3282019Assets 2020: $29,167,206Liabilities 2020: $27,860,061Net Assets 2020: $1,307,1452020Assets 2021: $24,698,351Liabilities 2021: $23,461,721Net Assets 2021: $1,236,6302021Assets 2022: $27,043,726Liabilities 2022: $25,765,274Net Assets 2022: $1,278,4522022Assets 2023: $24,848,227Liabilities 2023: $23,704,685Net Assets 2023: $1,143,5422023Assets 2024: $21,051,195Liabilities 2024: $19,992,588Net Assets 2024: $1,058,6072024

Highlighted filing

2021

Assets$24,698,351
Liabilities$23,461,721
Net Assets$1,236,630
Open 2021 Filing

Operations Trend

Revenue Growth20th percentile

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

$300M$200M$100M$0-$100MRevenue 2011: $221,142,958Expenses 2011: $221,087,243Net Income 2011: $55,7152011Revenue 2012: $267,310,014Expenses 2012: $267,310,014Net Income 2012: $02012Revenue 2013: $280,612,292Expenses 2013: $280,612,292Net Income 2013: $02013Revenue 2014: $274,990,380Expenses 2014: $274,990,380Net Income 2014: $02014Revenue 2015: $247,529,357Expenses 2015: $247,529,357Net Income 2015: $02015Revenue 2016: $251,584,200Expenses 2016: $251,584,200Net Income 2016: $02016Revenue 2017: $261,408,104Expenses 2017: $261,408,104Net Income 2017: $02017Revenue 2018: $245,127,744Expenses 2018: $245,148,738Net Income 2018: -$20,9942018Revenue 2019: $232,692,039Expenses 2019: $232,565,862Net Income 2019: $126,1772019Revenue 2020: $236,950,531Expenses 2020: $236,950,531Net Income 2020: $02020Revenue 2021: $237,875,387Expenses 2021: $237,875,387Net Income 2021: $02021Revenue 2022: $248,434,126Expenses 2022: $248,434,126Net Income 2022: $02022Revenue 2023: $262,303,290Expenses 2023: $262,303,290Net Income 2023: $02023Revenue 2024: $255,967,096Expenses 2024: $256,052,031Net Income 2024: -$84,9352024

Highlighted filing

2021

Revenue$237,875,387
Expenses$237,875,387
Net Income$0
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 8, 2022
Return Version
2021v4.2
Gross Receipts
$237,875,387
Mission and Program Overview

Mission

None.

Wholesale power supply and delivery to our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$23,985,763$18,713,998▼ $5,271,765
Savings and Temporary Cash Investments$5,110,738$5,928,743▲ $818,005
Rtn Earn Endowment Incm Other Fnds$1,307,145$1,236,630▼ $70,515
Prepaid Expenses and Deferred Charges$51,130$28,774▼ $22,356
Land, Buildings, and Equipment, Net$11,417$18,171▲ $6,754
Investments Program Related$8,158$8,665▲ $507
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$29,167,206$24,698,351▼ $4,468,855
Liabilities
Accounts Payable and Accrued Expenses$27,860,061$23,461,721▼ $4,398,340
Total Liabilities$27,860,061$23,461,721▼ $4,398,340
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,307,145$1,236,630▼ $70,515
Total Liabilities and Net Assets / Fund Balance$29,167,206$24,698,351▼ $4,468,855

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,171$26,801$44,972
Compensation and Service Providers
Top Officer Pay26th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Darin BloomquistGeneral ManagerFT$186,000$107,183$293,183
Danny MuhlbachVice President-$1,600-$1,600
Keith BakerPresident-$1,500-$1,500
David HamburgerDirector-$1,500-$1,500
John SchmidSecretary/Treasurer-$1,400-$1,400
Rodney ZohnerDirector-$1,400-$1,400
Leroy MostekDirector-$1,200-$1,200
Dennis ReinersDirector-$1,000-$1,000
James EdwardsDirector-$1,000-$1,000
Kenneth HamDirector-$1,000-$1,000
Orie FriesenDirector-$900-$900
Brent BallouDirector (Alternate)-$800-$800
Dennis SperlingDirector-$800-$800
Gerald BohlingDirector-$800-$800
Vernon KuhnelDirector-$800-$800
Milan SiefkenDirector-$700-$700
Gordon FultonDirector-$600-$600
James SchererDirector-$600-$600
Richard ErwinDirector-$600-$600
Brent StagemeyerDirector (Alternate)-$400-$400
John HokeDirector (Jan-Aug)-$400-$400
Matt FritzDirector (Sep-Dec)-$400-$400
Brad BartakDirector-$200-$200

Board Members and Trustees

NameTitle
Gerald MeyerleDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$237,870,988
Investment Income
$4,399
Other Revenue
$0
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$237,875,387
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$237,875,387
Total Revenue per Form 990
$237,875,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$237,400,778
Salaries, Compensation, and Employee Benefits$419,997
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$274,640
Other Salaries and Wages---$74,475
Benefits to Members---$54,612
Other Employee Benefits---$53,317
Occupancy---$31,208
Payroll Taxes---$17,565
Office Expenses---$16,443
Fees for Services Legal---$16,302
Other Expenses---$14,106
Conferences and Meetings---$11,906
Fees for Services Other---$11,596
Travel---$7,879
Fees for Services Accounting---$6,175
Depreciation Depletion---$2,608
Insurance---$2,075
Advertising---$1,553
Total Functional Expenses$0$0$0$237,875,387

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$237,875,387
Expenses per Audited Statements$237,820,775
Total Expenses per Audited Statements$237,820,775
Expenses Not Reported on Financial Statements$54,612
Other Expense Adjustments$54,612
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Nebraska Electric G&T has 19 Public Power Districts and 1 Electric Cooperative as members.”

Form 990, Part VI, Section A, line 7B

“Changes in By-laws are subject to membership approval.”

Form 990, Part VI, Section B, line 11B

“All Nebraska Electric G&T Directors examined the IRS Form 990 and acknowledge that review prior to the filing of the form.”

Form 990, Part VI, Section B, line 12C

“The Board of Directors and employees are covered by the Conflict of Interest Policy. Potential conflicts of interest are brought to the Board of Directors to determine whether an actual conflict exists. Any board member who is deemed to have a conflict of interest is prohibited from participating the in the Board's deliberations and decisions in the transaction.”

Form 990, Part VI, Section B, line 15A

“General manager evaluations are presented to the Finance Committee at their June meeting. During this process, the Finance Committee also reviews the most recent Consumber Price Index and the NRECA compensation information, and recommends a change in compensation for the general manager. The Finance Committee presents this information to the Board of Directors at the June meeting, and the Directors vote on this recommendation.”

Form 990, Part VI, Section C, line 19

“All documents are made available to the public upon request.”

Form 990, Part VII, Column F, Other Compensation:

“Included in other compensation is the estimated current year increase or decrease in the actuarial value of the defined benefit plan for the general manager. The current year increase or decrease does not represent current year contributions to the plan. Rather, it is an estimate of the increase or decrease in the actuarial value of the plan as calculated by the plan administrator.”

Filing and Contact Details

Filer

Filer Name
Nebraska Electric Generation &
EIN
47-0438125
Phone
4025648142
Address
2472 18th Ave, Columbus, NE 68601

Signing Officer

Name
Signing Officer
Title
General Manager
Phone
4025648142
Signed
2022-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darin Bloomquist
Formed
1956
Legal Domicile
Ne
Voting Board Members
20
Independent Board Members
20
Employees
3
Volunteers
0

Preparer

Firm
Eide Bailly LLP
Address
200 E 10th St Ste 500, Sioux Falls, SD 57104-6375
Preparer
Laurie Hanson CPA
Phone
6053391999
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 4, Benefits paid to or for members:

“The Cooperative has interpreted the instructions to Part IX, Line 4, to mean patronage capital allocated for the year, rather than patronage capital retired. This is consistent with the By-laws of the Cooperative.”

Form 990, Part XI, line 9:

“2021 Margins allocated to members in 2022 54,612. 1977-1988 Capital Credits Retired During 2021 -125,127.”

Financial Statement Notes

Part X, Line 2:

“The Cooperative believes it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statments. The Cooperative would recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if such interest and penalties are incurred.”

Part XII, Line 4B - Other Adjustments:

“2021 Margins allocated to members in 2022 54,612.”

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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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0General Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director (Alternate)
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director (Alternate)
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director (Jan-Aug)
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director (Sep-Dec)
IRS990/Form990PartVIISectionAGrp/TitleTxt22Director
IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01956
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0237875387
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt02075
IRS990/InvestmentIncomeGrp/ExclusionAmt04399
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04399
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt08158
IRS990/InvestmentsProgramRelatedGrp/EOYAmt08665
IRS990/IRPDocumentCnt020
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt026801
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011417
IRS990/LandBldgEquipBasisNetGrp/EOYAmt018171
IRS990/LandBldgEquipCostOrOtherBssAmt044972
IRS990/LegalDomicileStateCd0NE
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt0237860589
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0None.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01307145
IRS990/NetAssetsOrFundBalancesEOYAmt01236630
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt031208
IRS990/OfficeExpensesGrp/TotalAmt016443
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-70515
IRS990/OtherEmployeeBenefitsGrp/TotalAmt053317
IRS990/OtherExpensesGrp/Desc0Cost of Power
IRS990/OtherExpensesGrp/Desc1Director Expenses
IRS990/OtherExpensesGrp/Desc2Dues
IRS990/OtherExpensesGrp/TotalAmt0237255866
IRS990/OtherExpensesGrp/TotalAmt123061
IRS990/OtherExpensesGrp/TotalAmt214106
IRS990/OtherSalariesAndWagesGrp/TotalAmt074475
IRS990/OtherSourcesGrossIncomeAmt013743
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt017565
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt051130
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028774
IRS990/PrincipalOfficerNm0Darin Bloomquist
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0Sales
IRS990/ProgramServiceRevenueGrp/Desc1Member Assessments
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0237255866
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1604723
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0237255866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1604723
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt090817
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011183
IRS990/PYOtherExpensesAmt0236456830
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0236939348
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt0402884
IRS990/PYTotalExpensesAmt0236950531
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0236950531
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01307145
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01236630
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05110738
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05928743
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt018171
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026801
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt044972
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt054612
IRS990ScheduleD/ExpensesSubtotalAmt0237820775
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt054612
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0237875387
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Cooperative believes it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statments. The Cooperative would recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if such interest and penalties are incurred.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt12021 Margins allocated to members in 2022 54,612.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt018171
IRS990ScheduleD/TotalExpensesPerForm990Amt0237875387
IRS990ScheduleD/TotalRevenuePerForm990Amt0237875387
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0237875387
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0237820775
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0186000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt080660
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024938
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt01585
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Darin Bloomquist
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0General Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0293183
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Included in the amount reported in column C is $80,660 for the change in actuarial value of the defined benefit plan for Darin Bloomquist. Actual Cooperative contributions to the plan were $42,517.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Explanation of amount reported in Part II, Column (c).
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Nebraska Electric G&T has 19 Public Power Districts and 1 Electric Cooperative as members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Changes in By-laws are subject to membership approval.

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,698,351
Liabilities
$23,461,721
Net assets
$1,236,630
Revenue
$237,875,387
Expenses
$237,875,387
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.1$20.0$1.06$256$256$0.08
2023Detailed filing. Detailed filing data is available for this year.$24.8$23.7$1.14$262$262$0.00
2022Detailed filing. Detailed filing data is available for this year.$27.0$25.8$1.28$248$248$0.00
2021Detailed filing. Detailed filing data is available for this year.$24.7$23.5$1.24$238$238$0.00
2020Detailed filing. Detailed filing data is available for this year.$29.2$27.9$1.31$237$237$0.00
2019Summary only. Only limited summary data is available for this year.$29.8$28.6$1.22$233$233$0.13
2018Summary only. Only limited summary data is available for this year.$36.0$34.9$1.09$245$245$0.02
2017Summary only. Only limited summary data is available for this year.$32.6$31.5$1.11$261$261$0.00
2016Summary only. Only limited summary data is available for this year.$35.3$34.2$1.07$252$252$0.00
2015Summary only. Only limited summary data is available for this year.$30.7$29.6$1.05$248$248$0.00
2014Summary only. Only limited summary data is available for this year.$31.4$30.4$0.99$275$275$0.00
2013Summary only. Only limited summary data is available for this year.$34.6$33.6$1.05$281$281$0.00
2012Summary only. Only limited summary data is available for this year.$25.9$24.8$1.03$267$267$0.00
2011Summary only. Only limited summary data is available for this year.$23.8$22.8$0.93$221$221$0.06