Nonprofit · EIN 83-0162161
POWDER RIVER ENERGY CORPORATION
Tax-exempt · SUNDANCE, WY 82729
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $176,224,273 | $176,224,273 | $0 | $482,681,629 | $248,483,076 | $234,198,553 |
| December 31, 2023 | 990 | $189,443,702 | $189,443,702 | $0 | $498,355,432 | $263,389,275 | $234,966,157 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $174,134,968
- Investment income
- $2,086,552
- Net rental income
- $2,753
- Net gain from sales of assets
- $24,123
- Other revenue
- $2,753
Expenses
- Grants and similar amounts paid
- $196,426
- Benefits paid to members
- $9,723,675
- Compensation of officers, directors and key employees
- $1,562,787
- Other salaries and wages
- $9,873,060
- Salaries, compensation and benefits (total)
- $18,046,768
- Professional fundraising fees
- $0
- Legal fees
- $388,794
- Accounting fees
- $56,428
- Depreciation
- $11,017,012
Balance sheet and other
- Total assets, start of year
- $498,355,432
- Total assets, end of year
- $482,681,629
- Total liabilities, end of year
- $248,483,076
- Net assets, end of year
- $234,198,553
- Land, buildings and equipment
- $216,423,302
- Publicly traded securities
- $1,602,958
- Gross receipts
- $176,290,772
- Employees
- 140
- Volunteers
- 0
- Year formed
- 1945
- State of legal domicile
- WY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRIAN MILLS | CHIEF EXECUTIVE OFFICER Officer | 50 | $282,202 | $130,804 |
| WILLIAM MERTZ-CFAO TO 102024 | DIR OF PRECORP SERV (EFF 10/2024) Officer | 53 | $250,303 | $106,333 |
| QUENTIN ROGERS | VICE PRESIDENT OF ENG. & TECH SRV Key employee | 53 | $191,650 | $88,102 |
| TROY BIFULCO | VICE PRESIDENT OF TECH. & SVR Highest-paid employee | 46 | $165,347 | $96,845 |
| RICHARD HALLORAN | VP OF SYSTEM OPERATIONS Key employee | 45 | $167,246 | $83,130 |
| KENT HATLING | SERVICE FOREMAN Highest-paid employee | 48 | $167,527 | $74,214 |
| MICHAEL BINGHAM | DISTRICT FOREMAN Highest-paid employee | 51 | $182,848 | $57,877 |
| WAYNE POLLAT | DISTRICT FOREMAN Highest-paid employee | 52 | $186,791 | $51,430 |
| THOMAS MULLOY | DISTRICT FOREMAN Highest-paid employee | 48 | $169,467 | $57,433 |
| ABBY OLSON-MGR OF TREAS TO | 10/24);INTERIM VP OF FIN (EFF 10/24) Officer | 42 | $125,009 | $54,493 |
| JAMES PURDY | PRESIDENT Trustee or director, Officer | 10 | $14,150 | $32 |
| TYRELL MILLER | DIRECTOR Trustee or director | 5 | $11,650 | $32 |
| GERALD GEIS | SECRETARY/TREASURER Trustee or director, Officer | 10 | $10,050 | $32 |
| CLAY BRANSCOM | DIRECTOR Trustee or director | 12 | $10,000 | $32 |
| PHILIP HABECK | VICE PRESIDENT Trustee or director, Officer | 5 | $8,550 | $32 |
6 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MIKE LOHSE | DIRECTOR Trustee or director | 10 | $8,380 | $32 |
| JAMES BAUMGARTNER | DIRECTOR Trustee or director | 4 | $8,000 | $32 |
| PAUL BAKER II | DIRECTOR Trustee or director | 2 | $5,600 | $32 |
| MICHAEL HALL HELVEY | DIRECTOR Trustee or director | 2 | $4,850 | $32 |
| TYLER PIRTZ | DIRECTOR Trustee or director | 6 | $1,200 | $0 |
| DUSTIN MARTINSON | DIRECTOR (LEFT 05/2024) Trustee or director | 5 | $800 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL EASLEY | CEO CONSULTANT Former | 43 | $164,934 | $245,577 |
| BRIAN MILLS | CHIEF EXECUTIVE OFFICER Officer | 51 | $278,273 | $105,575 |
| WILLIAM MERTZ | CHIEF FINANCE & ADMIN OFFICER Officer | 54 | $230,641 | $97,775 |
| QUENTIN ROGERS | VICE PRESIDENT OF ENG. & TECH. Key employee | 53 | $179,448 | $75,555 |
| TROY BIFULCO | VICE PRESIDENT OF TECH. & SER. Highest-paid employee | 47 | $156,873 | $80,258 |
| RICHARD HALLORAN | VP OF SYSTEM OPERATIONS Key employee | 45 | $158,582 | $75,726 |
| KENT HATLING | SERVICE FOREMAN Highest-paid employee | 47 | $157,606 | $71,194 |
| MICHAEL BINGHAM | DISTRICT FOREMAN Highest-paid employee | 49 | $173,359 | $51,677 |
| WAYNE POLLAT | DISTRICT FOREMAN Highest-paid employee | 47 | $160,048 | $49,027 |
| THOMAS MULLOY | DISTRICT FOREMAN Highest-paid employee | 47 | $160,547 | $47,415 |
| JAMES PURDY | PRESIDENT Trustee or director, Officer | 5 | $18,450 | $32 |
| GERALD GEIS | SECRETARY/TREASURER Trustee or director, Officer | 5 | $15,500 | $32 |
| MIKE LOHSE | DIRECTOR Trustee or director | 5 | $10,450 | $32 |
| TYRELL MILLER | DIRECTOR Trustee or director | 5 | $9,950 | $32 |
| CLAY BRANSCOM | DIRECTOR Trustee or director | 12 | $9,200 | $32 |
| PHILIP HABECK | VICE PRESIDENT Trustee or director, Officer | 5 | $8,050 | $32 |
| JAMES BAUMGARTNER | DIRECTOR Trustee or director | 6 | $7,750 | $32 |
| PAUL BAKER II | DIRECTOR Trustee or director | 2 | $5,900 | $32 |
| MICHAEL HALL HELVEY | DIRECTOR Trustee or director | 3 | $5,250 | $32 |
| ALISON GEE | DIRECTOR (UNTIL 8/23) Trustee or director | 5 | $4,550 | $27 |
| DUSTIN MARTINSON | DIRECTOR (BEG 9/23) Trustee or director | 5 | $1,600 | $32 |
Address and contacts
- Address (IRS master file)
- PO BOX 930, SUNDANCE, WY 82729-0930
- In care of
- % FLOYD KANODE
- Principal officer (990 for 2024)
- ABBY A OLSON, PO BOX 930, SUNDANCE, WY 827290930
- Signed the 990
- ABBY A OLSON, INTERIM VP OF FINANCE
- Phone
- (307) 283-3531
- Website
- WWW.PRECORP.COOP
- Return prepared by
- EIDE BAILLY LLP
Mission
THE MISSION OF POWDER RIVER ENERGY CORPORATION, A NONPROFIT COOPERATIVE ORGANIZATION, IS POSITIVELY INFLUENCING AND IMPROVING LIVES FOR THOSE WE SERVE BY PROVIDING RELIABLE ENERGY AND SERVICES WHILE PAVING THE WAY FOR ACCESS AND AFFORDABILITY.
Program accomplishments
- THE PRIMARY FUNCTION OF POWDER RIVER ENERGY CORPORATION, A NONPROFIT COOPERATIVE ORGANIZATION, IS THE DISTRIBUTION OF ELECTRICITY TO ITS 12,473 MEMBER-OWNERS UNDER 501 (C) (12). IN 2024, THE COMPANY SOLD ITS MEMBER-OWNERS 1,956,496,547 KWH OF ELECTRICITY WITH A PEAK COINICIDENT LOAD OF 320,012 KW. IN 2024, THE COMPANY ADDED ROUGHLY $3.9 MILLION IN UTILITY PLANT IN ORDER TO EXTEND AND IMPROVE SERVICE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-0162161
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1956
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $482,681,629
- Income (IRS master file)
- $176,290,772
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $176,224,273 | $176,224,273 | $482,681,629 | XML |
| 990 | December 2023 | $189,443,702 | $189,443,702 | $498,355,432 | XML |
| 990 | December 2022 | $176,963,725 | $176,963,725 | $491,148,467 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-0162161).
Questions about POWDER RIVER ENERGY CORPORATION
- What is the EIN of POWDER RIVER ENERGY CORPORATION?
- The employer identification number (EIN) of POWDER RIVER ENERGY CORPORATION is 83-0162161.
- Is POWDER RIVER ENERGY CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1956.
- Are donations to POWDER RIVER ENERGY CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does POWDER RIVER ENERGY CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of POWDER RIVER ENERGY CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POWDER RIVER ENERGY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of POWDER RIVER ENERGY CORPORATION?
- The 990 for the year ended December 31, 2024 names ABBY A OLSON.
- Who are the officers and directors of POWDER RIVER ENERGY CORPORATION?
- The 990 for the year ended December 31, 2024 lists 21 people; 21 received compensation from the organization, the highest $282,202 (BRIAN MILLS, CHIEF EXECUTIVE OFFICER).
- How much revenue does POWDER RIVER ENERGY CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $176,224,273, expenses of $176,224,273 and total assets of $482,681,629 at year end.
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