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ObjectId: 202243129349301564 - Submission: 2022-11-08
TIN: 74-0754103
Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
Attach to Form 990.
Go to
www.irs.gov/Form990
for instructions and the latest information.
OMB No. 1545-0047
20
21
Open to Public Inspection
Name of the organization
BLUEBONNET ELECTRIC COOPERATIVE INC
Employer identification number
74-0754103
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
First-class or charter travel
Housing allowance or residence for personal use
Travel for companions
Payments for business use of personal residence
Tax idemnification and gross-up payments
Health or social club dues or initiation fees
Discretionary spending account
Personal services (e.g., maid, chauffeur, chef)
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
.....
1b
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a?
....
2
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
Compensation committee
Written employment contract
Independent compensation consultant
Compensation survey or study
Form 990 of other organizations
Approval by the board or compensation committee
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment?
.............
4a
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan?
.........
4b
Yes
c
Participate in, or receive payment from, an equity-based compensation arrangement?
.........
4c
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization?
....................
5a
b
Any related organization?
.......................
5b
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
..................
6a
b
Any related organization?
......................
6b
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III
............
7
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III
..........................
8
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)?
.........................
9
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2021
Page 2
Schedule J (Form 990) 2021
Page
2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees.
Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note.
The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A)
Name and Title
(B)
Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC
(C)
Retirement and other deferred compensation
(D)
Nontaxable
benefits
(E)
Total of columns
(B)(i)-(D)
(F)
Compensation in column (B) reported as deferred on prior Form 990
(i)
Base
compensation
(ii)
Bonus & incentive
compensation
(iii)
Other
reportable compensation
1
MATT BENTKE
COO/CEO
(i)
(ii)
527,887
-------------
0
175,000
-------------
0
2,300
-------------
0
425,892
-------------
0
30,333
-------------
0
1,161,412
-------------
0
0
-------------
0
2
GRANT GUTIERREZ
CIO/CONTROLLER/CFO
(i)
(ii)
303,163
-------------
0
60,000
-------------
0
1,260
-------------
0
157,756
-------------
0
34,894
-------------
0
557,073
-------------
0
0
-------------
0
3
ERIC KOCIAN
CHIEF ENGINEER/SYSTEM OPS OFFICER
(i)
(ii)
304,802
-------------
0
60,000
-------------
0
1,818
-------------
0
150,497
-------------
0
33,234
-------------
0
550,351
-------------
0
0
-------------
0
4
RACHEL ELLIS
CHIEF ADMINISTRATIVE OFFIC
(i)
(ii)
263,972
-------------
0
50,000
-------------
0
1,290
-------------
0
122,203
-------------
0
23,536
-------------
0
461,001
-------------
0
0
-------------
0
5
SARAH NEWMAN-ALTAMIRANO
GENERAL COUNSEL
(i)
(ii)
321,074
-------------
0
77,000
-------------
0
1,996
-------------
0
23,200
-------------
0
14,111
-------------
0
437,381
-------------
0
0
-------------
0
6
DAVID TOBOLA
MGR OF OPERATIONS
(i)
(ii)
165,406
-------------
0
15,938
-------------
0
1,340
-------------
0
96,214
-------------
0
30,704
-------------
0
309,602
-------------
0
0
-------------
0
7
THOMAS ELLIS
MGR OF ENGINEERING
(i)
(ii)
176,824
-------------
0
16,059
-------------
0
3,138
-------------
0
96,819
-------------
0
13,255
-------------
0
306,095
-------------
0
0
-------------
0
8
PHILLIP ELLIS
MGR OF TECHNICAL SERVICES
(i)
(ii)
178,518
-------------
0
16,238
-------------
0
1,340
-------------
0
85,962
-------------
0
11,163
-------------
0
293,221
-------------
0
0
-------------
0
9
WILLIAM HOLFORD
MGR OF PUBLIC AFFAIRS
(i)
(ii)
238,824
-------------
0
20,000
-------------
0
1,818
-------------
0
20,804
-------------
0
11,589
-------------
0
293,035
-------------
0
0
-------------
0
10
JOHN SANDERS
MGR OF COMMUNITY & ECON DEVELOPMENT
(i)
(ii)
198,824
-------------
0
15,000
-------------
0
8,632
-------------
0
55,642
-------------
0
12,213
-------------
0
290,311
-------------
0
0
-------------
0
11
BARBARA SEILHEIMER
MGR OF MEMBER SERVICES
(i)
(ii)
148,907
-------------
0
21,710
-------------
0
4,656
-------------
0
80,087
-------------
0
10,591
-------------
0
265,951
-------------
0
0
-------------
0
12
WESLEY BRINKMEYER
MGR OF ENERGY SERVICES
(i)
(ii)
184,204
-------------
0
11,180
-------------
0
894
-------------
0
16,206
-------------
0
29,908
-------------
0
242,392
-------------
0
0
-------------
0
13
DANIEL FOWLER
MGR OF TECH PROGRAMS
(i)
(ii)
170,616
-------------
0
15,817
-------------
0
844
-------------
0
15,665
-------------
0
31,833
-------------
0
234,775
-------------
0
0
-------------
0
14
JOEY TOBOLA
MGR OF CONTRACTORS
(i)
(ii)
171,017
-------------
0
10,756
-------------
0
1,010
-------------
0
15,034
-------------
0
21,899
-------------
0
219,716
-------------
0
0
-------------
0
15
JENNIFER FOERY
MGR OF HUMAN RESOURCES
(i)
(ii)
163,805
-------------
0
10,453
-------------
0
1,290
-------------
0
14,317
-------------
0
14,215
-------------
0
204,080
-------------
0
0
-------------
0
Schedule J (Form 990) 2021
Page 3
Schedule J (Form 990) 2021
Page
3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference
Explanation
PART I, LINE 4B
MATT BENTKE PARTICIPATES IN A SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION (NQDC) PLAN. THE ACTUARIAL INCREASE ASSOCIATED WITH PARTICIPATION IN THE PLAN WAS $323,728 FOR 2021.
PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE AND YEARS OF SERVICE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS AND THE LONGER THEY HAVE BEEN EMPLOYED, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. MATT BENTKE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 93,464 ACTUARIAL INCREASE IN NQDC PLAN 323,728 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,700 TOTAL REPORTED IN COLUMN C $ 425,892 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT & NQDC PLANS (417,192) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT & NQDC PLANS 167,505 EXPENSE TO THE COOPERATIVE $ 176,205 GRANT GUTIERREZ: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 149,056 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,700 TOTAL REPORTED IN COLUMN C $ 157,756 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (149,056) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 98,134 EXPENSE TO THE COOPERATIVE $ 106,834 ERIC KOCIAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 141,797 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,700 TOTAL REPORTED IN COLUMN C $ 150,497 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (141,797) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 98,134 EXPENSE TO THE COOPERATIVE $ 106,834 RACHEL ELLIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 113,503 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,700 TOTAL REPORTED IN COLUMN C $ 122,203 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (113,503) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 89,675 EXPENSE TO THE COOPERATIVE $ 98,375 SARAH NEWMAN-ALTAMIRANO: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ -0- EMPLOYER CONTRIBUTION TO 401(K) PLAN 23,200 TOTAL COLUMN C AND EXPENSE TO COOPERATIVE $ 23,200 DAVID TOBOLA: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 90,484 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,730 TOTAL REPORTED IN COLUMN C $ 96,214 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (90,484) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 57,527 EXPENSE TO THE COOPERATIVE $ 63,257 THOMAS ELLIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 90,937 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,882 TOTAL REPORTED IN COLUMN C $ 96,819 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (90,937) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 59,219 EXPENSE TO THE COOPERATIVE $ 65,101 PHILLIP ELLIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 80,073 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,889 TOTAL COLUMN C AND EXPENSE TO COOPERATIVE $ 85,962 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (80,073) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 57,527 EXPENSE TO THE COOPERATIVE $ 63,416 WILLIAM HOLFORD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ -0- EMPLOYER CONTRIBUTION TO 401(K) PLAN 20,804 TOTAL COLUMN C AND EXPENSE TO COOPERATIVE $ 20,804 JOHN SANDERS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 49,192 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,450 TOTAL REPORTED IN COLUMN C $ 55,642 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (49,192) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 67,678 EXPENSE TO THE COOPERATIVE $ 74,128 BARBARA SEILHEIMER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 74,934 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,153 TOTAL REPORTED IN COLUMN C $ 80,087 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (74,934) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 47,375 EXPENSE TO THE COOPERATIVE $ 52,528 WESLEY BRINKMEYER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ -0- EMPLOYER CONTRIBUTION TO 401(K) PLAN 16,206 TOTAL REPORTED IN COLUMN C $ 16,206 DANIEL FOWLER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ -0- EMPLOYER CONTRIBUTION TO 401(K) PLAN 15,665 TOTAL REPORTED IN COLUMN C $ 15,665 JOEY TABOLA: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ -0- EMPLOYER CONTRIBUTION TO 401(K) PLAN 15,034 TOTAL REPORTED IN COLUMN C $ 15,034 JENNIFER FOERY: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ -0- EMPLOYER CONTRIBUTION TO 401(K) PLAN 14,317 TOTAL COLUMN C AND EXPENSE TO COOPERATIVE $ 14,317
Schedule J (Form 990) 2021
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