2025-09-29T17:04:03-04:00 2024-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2024-01-01 840312816 San Miguel Power Association Inc % Bradley Zaporski SANM 9708647311 PO Box 817 Nucla CO 81424 BRADLEY ZAPORSKI CEO 9708647311 2025-09-23 false true GEORGE LYNCH P00187596 9138311150 2025-09-29 2024 2025-03-06 01:10:19Z Bradley Zaporski PO Box 817 Nucla CO 81424 35003160 false X www.smpa.com X 1938 CO It is the Mission of the San Miguel Power Association to provide our members with safe, reliable, cost-effective, and environmentally responsible electrical service, while demonstrating both cooperative responsibility and support for the communities we serve 7 7 58 0 0 104517 64379 32590381 34400569 358099 463820 110687 74392 33163684 35003160 31000 31000 1510987 2059292 2027183 1674152 0 0 29520997 31205337 33090167 34969781 73517 33379 94642693 104541182 47086595 55749544 47556098 48791638 It is the Mission of the San Miguel Power Association to provide our members with safe, reliable, cost-effective, and environmentally responsible electrical service, while demonstrating both cooperative responsibility and support for the communities we serve false false Sale of electric power to members - 10,761 active members were provided power at year end at a cost on a cooperative basis through the allocation of patronage capital. false false false false false false false false true false true false true true true false false false false false false false false false false true true true false false false false false false false false false false false false false false true 32 0 true 58 true false false false false false 35521002 2090998 false false false X 7 7 false false false false true true false true true false false true true true true false true true true false X X Lance Lehigh 9708647311 PO Box 817 Nucla CO 81424 Bradley Zaporski CEO 50.00 0.00 X 365328 0 90618 Lance Lehigh CFO 50.00 0.00 X 193426 0 50742 Jeremy Fox COO 50.00 0.00 X 189368 0 49601 Doug Tea Manager 40.00 0.00 X 168148 0 56716 Wiley Freeman Manager 40.00 0.00 X 163822 0 47287 Thomas Brew Line Worker 40.00 0.00 X 150195 0 30101 William Felicelli President 20.00 0.00 X X 19000 0 0 David Alexander Vice President 15.00 0.00 X X 16200 0 0 Terry Rhoades Director 15.00 0.00 X 15950 0 0 Tobin Brown SecretaryTreasurer 15.00 0.00 X X 15750 0 0 Kevin Cooney Director 15.00 0.00 X 15750 0 0 Val Szwarc Director 15.00 0.00 X 12650 0 0 Thomas Loczy Director 15.00 0.00 X 11500 0 0 Doylene Garvey Director 15.00 0.00 X X 7450 0 0 Deborah Cokes Director 15.00 0.00 X 4550 0 0 1349087 0 325065 33 false true false SAVATREE LLC 550 Bedford Road Bedford Hills NY 10507 Tree Trimming 423217 EE Engineering LLC P O Box 735681 Chicago IL 606735681 Electrical Eng 333842 Western Line Builders Inc P O Box 614 Wells NV 89835 Line Building 675196 Asplundh Tree Expert LLC 708 Blair Mill Rd Willow Grove PA 190901701 Tree Trimming 482108 QSI Inc P O Box 846234 Dallas TX 752846234 Line Building 3245826 20 64379 64379 Sale of Electricity 221000 32863826 32863826 Capital Credits 221000 1415401 1415401 Miscellaneous Revenue 221000 121342 121342 34400569 394154 394154 45370 45370 45370 45370 69666 69666 69666 69666 0 Misc Non-Operating 900099 29022 29022 29022 35003160 34499257 0 439524 10000 21000 2059292 1058883 615269 1431060 2702123 Cost of Power 17186395 17186395 Distribution Expense 5070190 5070190 Admin & General 2919799 2919799 Member Services 1885641 1885641 10129 34969781 0 0 0 2992545 2989219 3611136 3701718 2004049 2439395 119973 360622 115831959 40953283 66153674 74878676 19555872 20171552 205444 94642693 104541182 6687353 4785984 2253280 2137997 33208137 43688959 2000000 2937825 5136604 47086595 55749544 X 47556098 48791638 47556098 48791638 94642693 104541182 X 33379 1202161 X false true X true false 731753 731753 7706141 3599265 4106876 107394065 37354018 70040047 74878676 Investments in Assoc Organizations 17831363 C Other Investments 1823280 C Subrodinated Certificates 514909 C NonUtility Property 2000 C 20171552 Consumer Deposits 1765377 Customer Adv for Const 1606545 Line Surcharge 414898 Deferred Credits 1349784 5136604 X 34938781 34938781 64379 64379 35003160 32879489 32879489 2090292 2090292 34969781 Part XI, Line 4b-Other revenue not included on Sch D but on 990 MCR and Microgrid Grants $ 63,379 Part XII, Line 4b-Other expenses not included on Sch D but on 990 Scholarships and Donations $ 31,000Current Year Margins Assigned to Members $2,059,292 Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) The Association has a letter of exemption from federal income tax, issued by the Internal Revenue Service and files IRS Form 990 annually. An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Association. While the Association believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Association. The Association recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, is no longer subject to federal, state, and local income tax examinations for years prior to 2021. false Montrose Community Foundation PO Box 3020 Montrose CO 81402 841128761 10000 Scholarships 7 21000 Monitoring procedures (Part I, line 2) There were 7 schlarships of $3,000 each that were issued jointly to the the school and the individual. By issuing the funds jointly to the recipient and school, the funds must be deposited into the students school accounts and applied to their balance with the school, ensuring the funds are used for scholarship purpose. X true false X X X false false false BRADLEY ZAPORSKI CEO 365328 79597 11021 455946 THOMAS BREW Line Worker 150195 13234 16867 180296 DOUG TEA Manager 168148 35736 20980 224864 LANCE LEHIGH CFO 193426 22493 28249 244168 JEREMY FOX COO 189368 22599 27002 238969 WILEY FREEMAN Manager 163822 21261 26026 211109 Members or stockholder classes and rights Part VI line 6 San Miguel Power is organized as a not-for-profit cooperative. Our customers are all members of the Cooperative. Member election for additional members Part VI line 7a Our governing Board of Directors are all selected by our members to serve a four year term. Form 990 governing body review Part VI line 11 The Form 990 is prepared by an outside accounting firm and reviewed by the CFO. After the 990 is filed, it is presented to the Board of Directors for review. Conflict of interest policy compliance Part VI line 12c All Directors and Officers are required to complete a questionnaire annually that discloses transactions or relationships that may result in a conflict of interest. CEO executive director top management comp Part VI line 15a Compensation for the General Manager/CEO is reviewed and evaluated annualy by the Board of Directors. Other officer or key employee compensation Part VI line 15b For other employees, the Board of Directors establish overall guidelines for the total compensation package. The CEO and other top management then use comparable data from other electric cooperatives in our state and around the nation to establish the appropriate compensation for each job classification. The overall compensation package must remain within the guidelines established by the Board of Directors. Governing documents etc available to public Part VI line 19 Our bylaws are available to the public at both officees during regular business hours or by request. The conflict of interest policy is included in our bylaws and available at both offices and on our website. Our monthly financial statements are available at each Board of Directors meeting, which are open to the public to attend. In addition, our annual financial statements are presented to the membership as part of our annual meeting of the membership. Annual financial statements are also available to the public as part of our annual meeting report that is posted on our website. Explanation of other changes in net assets or fund balances Part XI line 9 CY Margins Assigned to Members $ 2,059,292 Other Changes $ 277,337 MCR and Microgrid Grants $ - 64,379 Scholarships/Donations $ 31,000 Retirement of Capital Credits $ -1,101,089 Total $ 1,202,161 Board of Directors elected to distribute $21,000 in scholarships and $10,000 in donations from retained earnings Part XI response or note to any line in Part XI Form 990, Part IX, Line 4 The instructions to the 2024 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2024.