Civic Intelligence

Nebraska Electric Generation & Transmission Cooperative Inc

990 • Fiscal year 2023 • EIN 47-0438125

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 27, 2024

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.

2023 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

1st percentile

0.09x

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

2023 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2023

Net Margin

52nd percentile

0.0%

Higher net margin than 52% of similar nonprofits.

2023 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

12th percentile

$345,631

Higher top officer pay than 12% of similar nonprofits.

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

2023 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2023

Asset Growth

1st percentile

-8.1%

Faster asset growth than 1% of similar nonprofits.

2023 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

66th percentile

5.6%

Faster revenue growth than 66% of similar nonprofits.

2023 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$24,848,227

Down $2,195,499 (-8.1%) from 2022

Net Assets

Down

$1,143,542

Down $134,910 (-11%) from 2022

Liabilities

Down

$23,704,685

Down $2,060,589 (-8.0%) from 2022

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin52nd percentile

Revenue

Up

$262,303,290

Up $13,869,164 (+5.6%) from 2022

Expenses

Up

$262,303,290

Up $13,869,164 (+5.6%) from 2022

Net Income

Flat

$0

Flat from 2022

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

2023

Assets$24,848,227
Liabilities$23,704,685
Net Assets$1,143,542
Open 2023 Filing

Operations Trend

Revenue Growth66th 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

2023

Revenue$262,303,290
Expenses$262,303,290
Net Income$0
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 27, 2024
Return Version
2023v5.1
Gross Receipts
$262,303,290
Mission and Program Overview

Mission

None.

Wholesale power supply and delivery to our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$22,893,007$23,780,366▲ $887,359
Rtn Earn Endowment Incm Other Fnds$1,278,452$1,143,542▼ $134,910
Savings and Temporary Cash Investments$4,115,522$1,037,686▼ $3,077,836
Land, Buildings, and Equipment, Net$16,066$14,017▼ $2,049
Investments Program Related$9,540$9,909▲ $369
Prepaid Expenses and Deferred Charges$9,591$6,249▼ $3,342
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$27,043,726$24,848,227▼ $2,195,499
Liabilities
Accounts Payable and Accrued Expenses$25,765,274$23,704,685▼ $2,060,589
Total Liabilities$25,765,274$23,704,685▼ $2,060,589
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,278,452$1,143,542▼ $134,910
Total Liabilities and Net Assets / Fund Balance$27,043,726$24,848,227▼ $2,195,499

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,017$30,955$44,972
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Darin BloomquistGeneral ManagerFT$228,825$116,806$345,631
Danny MuhlbachPresident-$2,100-$2,100
John SchmidVice President-$1,800-$1,800
David HamburgerDirector-$1,700-$1,700
Rodney ZohnerDirector-$1,700-$1,700
Brad BartakSecretary/Treasurer-$1,600-$1,600
Dennis ReinersDirector-$1,600-$1,600
Keith BakerDirector-$1,600-$1,600
Larry WhiteDirector-$1,600-$1,600
Brent BallouDirector-$1,500-$1,500
Leroy MostekDirector-$1,500-$1,500
Milan SiefkenDirector-$1,500-$1,500
Vernon KuhnelDirector-$1,200-$1,200
Gerald BohlingDirector-$1,100-$1,100
Jeffrey ObermierDirector-$1,000-$1,000
Kenneth HamDirector-$1,000-$1,000
Matt FritzDirector-$800-$800
Brent StagemeyerDirector-$600-$600
Brian LukasiewiczDirector-$600-$600
Robert SchellpeperDirector-$600-$600
Richard ErwinDirector-$400-$400
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$262,232,183
Investment Income
$71,107
Other Revenue
$0
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$262,303,290
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$262,303,290
Total Revenue per Form 990
$262,303,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$261,782,194
Salaries, Compensation, and Employee Benefits$513,020
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---$343,347
Other Salaries and Wages---$79,240
Other Employee Benefits---$70,627
Fees for Services Other---$37,175
Occupancy---$30,729
Fees for Services Legal---$24,056
Payroll Taxes---$19,806
Office Expenses---$17,547
Other Expenses---$16,630
Conferences and Meetings---$14,257
Travel---$9,213
Benefits to Members---$8,076
Fees for Services Accounting---$6,900
Advertising---$3,909
Insurance---$2,440
Depreciation Depletion---$2,050
Total Functional Expenses$0$0$0$262,303,290

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$262,303,290
Expenses per Audited Statements$262,295,214
Total Expenses per Audited Statements$262,295,214
Expenses Not Reported on Financial Statements$8,076
Other Expense Adjustments$8,076
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 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 Consumer 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
Darin Bloomquist
Title
General Manager
Phone
4025648142
Signed
2024-06-27
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
345 N Reid Pl Ste 400, Sioux Falls, SD 57103-7034
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:

“2022 Margins allocated to members in 2023 8,076. New Member Fee 100. 1989-1991 Capital Credits Retired during 2023 -143,086.”

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 statements. 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:

“2023 Margins allocated to members in 2024 8,076.”

Raw XML AppendixShowing 400 of 478 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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
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/TitleTxt13Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20General Manager
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01956
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0262303290
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt02440
IRS990/InvestmentIncomeGrp/ExclusionAmt071107
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt071107
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt09540
IRS990/InvestmentsProgramRelatedGrp/EOYAmt09909
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt030955
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016066
IRS990/LandBldgEquipBasisNetGrp/EOYAmt014017
IRS990/LandBldgEquipCostOrOtherBssAmt044972
IRS990/LegalDomicileStateCd0NE
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt0262231494
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0None.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01278452
IRS990/NetAssetsOrFundBalancesEOYAmt01143542
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt030729
IRS990/OfficeExpensesGrp/TotalAmt017547
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-134910
IRS990/OtherEmployeeBenefitsGrp/TotalAmt070627
IRS990/OtherExpensesGrp/Desc0Cost of Power
IRS990/OtherExpensesGrp/Desc1Director Expenses
IRS990/OtherExpensesGrp/Desc2Dues
IRS990/OtherExpensesGrp/TotalAmt0261586103
IRS990/OtherExpensesGrp/TotalAmt131185
IRS990/OtherExpensesGrp/TotalAmt216630
IRS990/OtherSalariesAndWagesGrp/TotalAmt079240
IRS990/OtherSourcesGrossIncomeAmt071796
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt019806
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09591
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06249
IRS990/PrincipalOfficerNm0Darin Bloomquist
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0Sales
IRS990/ProgramServiceRevenueGrp/Desc1Member Assessments
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0261586103
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1645391
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0261586103
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1645391
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt041822
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt021341
IRS990/PYOtherExpensesAmt0247927488
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0248412785
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt0464816
IRS990/PYTotalExpensesAmt0248434126
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0248434126
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01278452
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01143542
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04115522
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01037686
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt014017
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt044972
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt08076
IRS990ScheduleD/ExpensesSubtotalAmt0262295214
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesNotIncludedAmt08076
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0262303290
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 statements. 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/ExplanationTxt12023 Margins allocated to members in 2024 8,076.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt014017
IRS990ScheduleD/TotalExpensesPerForm990Amt0262303290
IRS990ScheduleD/TotalRevenuePerForm990Amt0262303290
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0262303290
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0262295214
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0228825
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt084255
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt028850
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt03701
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Darin Bloomquist
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0General Manager
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0345631
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Included in the amount reported in column C is $84,255 for the change in actuarial value of the defined benefit plan for Darin Bloomquist. Actual Cooperative contributions to the plan were $56,472.
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All Nebraska Electric G&T Directors examined the IRS Form 990 and acknowledge that review prior to the filing of the form.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 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 in the Board's deliberations and decisions in the transaction.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4General manager evaluations are presented to the Finance Committee at their June meeting. During this process, the Finance Committee also reviews the most recent Consumer 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All documents are made available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt72022 Margins allocated to members in 2023 8,076. New Member Fee 100. 1989-1991 Capital Credits Retired during 2023 -143,086.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Included 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, line 4, Benefits paid to or for members:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VII, Column F, Other Compensation:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,848,227
Liabilities
$23,704,685
Net assets
$1,143,542
Revenue
$262,303,290
Expenses
$262,303,290
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