Fergus Electric Cooperative Inc

Lewistown, MT
Tax-exempt since May 1940
EIN: 81-0134746

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$29.3M (2022)

Expenses

$24.8M (2022)

Total Assets

$54.4M (2022)

Total Liabilities

$14.6M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$29,316,943

Expenses

$24,799,017

Net Income

$4,517,926

Net Assets

$39,818,207

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$28,345,496	96.7%
Investment Income	$35,203	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$936,244	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$372,506	1.5%

Assets/Debt
Total Assets	$54,389,942
Total Liabilities	$14,571,735
Net Assets	$39,818,207

Club or Co-Op Income
Income From Members	$27,877,305
Income From Other Sources	$454,406

Compensation

Key Employees and Officers	Compensation	Related	Other
Carson Sweeney (Employee)	$165,785	$0	$0
Paul Descheemaeker (President)	$5,625	$0	$37,709
Bob Evans (Board Member)	$3,375	$0	$29,103
Terry Frost (Vice Preside)	$3,375	$0	$29,103
Cathy Kombol (Board Member)	$2,625	$0	$29,103
Brad Arntzen (Assistant Se)	$2,500	$0	$32,734
Jason Swanz (Sec/Treas)	$1,750	$0	$40,875

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$31,455,586

Expenses

$24,939,400

Net Income

$6,516,186

Net Assets

$36,374,886

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$27,906,861	88.7%
Investment Income	$3,550,634	11.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$1,909
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$435,763	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,657,118	10.7%

Assets/Debt
Total Assets	$53,583,115
Total Liabilities	$17,208,229
Net Assets	$36,374,886

Club or Co-Op Income
Income From Members	$9,731,440
Income From Other Sources	$3,558,247

Compensation

Key Employees and Officers	Compensation	Related	Other
Carson Sweeney (General Manager)	$152,333	$0	$43,925
Paul Descheemaeker (President)	$41,766	$0	$0
Braden Arntzen (Director)	$40,391	$0	$0
Jason Swanz (Secretary/Treasure)	$39,266	$0	$0
Terry Frost (Vice President)	$29,646	$0	$0
Brett Maxwell (Director)	$29,521	$0	$0
Cathy Kombol (Director)	$29,521	$0	$0
Robert D Evans (Director)	$29,396	$0	$0

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990

Filed on May 13, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$29,024,541

Expenses

$24,736,448

Net Income

$4,288,093

Net Assets

$30,958,842

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$26,576,846	91.6%
Investment Income	$2,458,720	8.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$11,025
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$461,098	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,590,274	10.5%

Assets/Debt
Total Assets	$51,112,695
Total Liabilities	$20,153,853
Net Assets	$30,958,842

Club or Co-Op Income
Income From Members	$26,576,846
Income From Other Sources	$2,457,133

Compensation

Key Employees and Officers	Compensation	Related	Other
Scott W Sweeney (Manager)	$169,950	$0	$33,683
Paul Descheemaeker (President)	$45,432	$0	$0
Braden Arntzen (Director)	$42,932	$0	$0
Jason Swanz (Secretary/Treasure)	$42,432	$0	$0
Robert D Evans (Director)	$32,136	$0	$0
Brett Maxwell (Director)	$31,636	$0	$0
Cathy Kombol (Director)	$31,511	$0	$0
Terry Frost (Vice President)	$31,386	$0	$0

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990

Filed on May 13, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$30,464,576

Expenses

$24,884,179

Net Income

$5,580,397

Net Assets

$27,808,502

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$26,722,769	87.7%
Investment Income	$3,756,800	12.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$14,993
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$444,333	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$46,706,432
Total Liabilities	$18,897,930
Net Assets	$27,808,502

Club or Co-Op Income
Income From Members	$8,840,732
Income From Other Sources	$3,781,231

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Revenue

$28,286,293

Expenses

$24,780,152

Net Income

$3,506,141

Net Assets

$22,767,185

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$27,092,797	95.8%
Investment Income	$1,182,944	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$10,552	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$412,663	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,337,453	9.4%

Assets/Debt
Total Assets	$43,398,066
Total Liabilities	$20,630,881
Net Assets	$22,767,185

Club or Co-Op Income
Income From Members	$9,420,795
Income From Other Sources	$1,206,134

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$22,490,062

Expenses

$18,920,039

Net Income

$3,570,023

Net Assets

$20,295,816

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$22,735,465	> 100%
Investment Income	-$274,408
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$29,005	0.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$419,729	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,114,782	11.2%

Assets/Debt
Total Assets	$41,485,457
Total Liabilities	$21,189,641
Net Assets	$20,295,816

Club or Co-Op Income
Income From Members	$10,636,166
Income From Other Sources	-$232,765

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$25,386,873

Expenses

$20,656,732

Net Income

$4,730,141

Net Assets

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$23,850,682	93.9%
Program Services	$0
Investment Income	$1,544,827	6.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$8,636
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$420,627	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,978,268	9.6%

Assets/Debt
Total Assets	$38,994,617
Total Liabilities	$38,994,617
Net Assets	$0

Club or Co-Op Income
Income From Members	$9,527,605
Income From Other Sources	$1,566,101

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2015

Revenue

$24,563,865

Expenses

$21,644,235

Net Income

$2,919,630

Net Assets

$27,041,015

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,416,094	99.4%
Investment Income	$109,336	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$12,335
Other Revenue	$50,770	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$401,815	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,839,119	8.5%

Assets/Debt
Total Assets	$31,334,628
Total Liabilities	$4,293,613
Net Assets	$27,041,015

Club or Co-Op Income
Income From Members	$7,817,234
Income From Other Sources	$159,809

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$24,622,629

Expenses

$23,268,504

Net Income

$1,354,125

Net Assets

$12,660,142

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,629,215	> 100%
Investment Income	$28,618	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$6,023
Other Revenue	-$29,181

Notable Expenses		Percent of Total Expenses
Executive Compensation	$395,060	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,818,823	7.8%

Assets/Debt
Total Assets	$35,838,741
Total Liabilities	$23,178,599
Net Assets	$12,660,142

Club or Co-Op Income
Income From Members	$7,751,225
Income From Other Sources	$4,842

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$20,849,958

Expenses

$23,810,264

Net Income

-$2,960,306

Net Assets

$24,369,590

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$24,969,766	> 100%
Investment Income	$26,763	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$10,415
Other Revenue	-$4,136,156

Notable Expenses		Percent of Total Expenses
Executive Compensation	$381,865	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,874,232	7.9%

Assets/Debt
Total Assets	$30,974,374
Total Liabilities	$6,604,784
Net Assets	$24,369,590

Club or Co-Op Income
Income From Members	$7,533,244
Income From Other Sources	$4,065,881

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$19,381,750

Expenses

$21,568,948

Net Income

-$2,187,198

Net Assets

$8,681,921

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$22,510,610	> 100%
Investment Income	$30,368	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$1,106
Other Revenue	-$3,158,122

Notable Expenses		Percent of Total Expenses
Executive Compensation	$351,767	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,879,106	8.7%

Assets/Debt
Total Assets	$14,511,975
Total Liabilities	$5,830,054
Net Assets	$8,681,921

Club or Co-Op Income
Income From Members	$6,508,576
Income From Other Sources	-$3,115,220

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$22,203,367

Expenses

$21,899,879

Net Income

$303,488

Net Assets

$34,288,725

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$22,109,112	99.6%
Investment Income	$38,292	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$1,701
Other Revenue	$57,664	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$347,580	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,888,387	8.6%

Assets/Debt
Total Assets	$37,691,718
Total Liabilities	$3,402,993
Net Assets	$34,288,725

Club or Co-Op Income
Income From Members	$6,028,857
Income From Other Sources	$110,860

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
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Updated December 20, 2024

Fergus Electric Cooperative Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $29.3M (2022)

Expenses $24.8M (2022)

Total Assets $54.4M (2022)

Total Liabilities $14.6M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2020

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Compensation

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Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2017

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Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

990

Revenue

$29.3M (2022)

Expenses

$24.8M (2022)

Total Assets

$54.4M (2022)

Total Liabilities

$14.6M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004