SAN MIGUEL POWER ASSOCIATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SAN MIGUEL POWER ASSOCIATION INC (EIN 84-0312816)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-11
- IRS object ID
- 202442859349301339
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-11T14:29:10-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 743040374 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kelso Lynch PC PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6700 Squibb Rd Ste 215 | AddressLine1Txt |
| City | Mission | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 662023252 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840312816 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | San Miguel Power Association Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SANM | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 817 | AddressLine1Txt |
| City | Nucla | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81424 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Bradley Zaporski | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 9708647311 | PhoneNum |
| Signature | 2024-09-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | George Lynch | PreparerPersonNm |
| PTIN | P00187596 | PTIN |
| Phone | 9138311150 | PhoneNum |
| Preparation | 2024-10-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $33,163,684 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.smpa.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | 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 | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 58 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $104,517 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $31,102,898 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $32,590,381 | CYProgramServiceRevenueAmt |
| PY Investment Income | $252,668 | PYInvestmentIncomeAmt |
| CY Investment Income | $358,099 | CYInvestmentIncomeAmt |
| PY Other Revenue | $55,689 | PYOtherRevenueAmt |
| CY Other Revenue | $110,687 | CYOtherRevenueAmt |
| PY Total Revenue | $31,411,255 | PYTotalRevenueAmt |
| CY Total Revenue | $33,163,684 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $63,855 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $31,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $671,166 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,510,987 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,895,283 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,027,183 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $28,834,806 | PYOtherExpensesAmt |
| CY Other Expenses | $29,520,997 | CYOtherExpensesAmt |
| PY Total Expenses | $31,465,110 | PYTotalExpensesAmt |
| CY Total Expenses | $33,090,167 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$53,855 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $73,517 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $93,640,382 | TotalAssetsBOYAmt |
| Total Assets EOY | $94,642,693 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $46,888,790 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $47,086,595 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $46,751,592 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $47,556,098 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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 | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | 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. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 32 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 58 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $34,122,016 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $949,750 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Lance Lehigh | PersonNm |
| Phone | 9708647311 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 817 | AddressLine1Txt |
| City | Nucla | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81424 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| Bradley Zaporski | ||||||||
| CEO | 50.00 | 0.00 | Yes (X) | $395,178 | $0 | $65,918 | ||
| Jeremy Fox | ||||||||
| COO | 50.00 | 0.00 | Yes (X) | $195,514 | $0 | $51,753 | ||
| Lance Lehigh | ||||||||
| CFO | 50.00 | 0.00 | Yes (X) | $180,188 | $0 | $50,962 | ||
| Wiley Freeman | ||||||||
| Manager | 50.00 | 0.00 | $173,388 | $0 | $49,865 | Yes (X) | ||
| Doug Tea | ||||||||
| Manager | 50.00 | 0.00 | $179,893 | $0 | $40,823 | Yes (X) | ||
| Clint Colson | ||||||||
| Foreman | 40.00 | 0.00 | $133,144 | $0 | $48,831 | Yes (X) | ||
| Roy Bolton | ||||||||
| Lineman | 40.00 | 0.00 | $143,347 | $0 | $29,849 | Yes (X) | ||
| Jacob Cadwell | ||||||||
| Foreman | 40.00 | 0.00 | $135,797 | $0 | $30,665 | Yes (X) | ||
| William Felicelli | ||||||||
| President | 20.00 | 0.00 | Yes (X) | $18,817 | $0 | $0 | Yes (X) | |
| Deborah Cokes | ||||||||
| Vice Secretary | 20.00 | 0.00 | Yes (X) | $18,367 | $0 | $0 | Yes (X) | |
| David Alexander | ||||||||
| Vice President | 15.00 | 0.00 | Yes (X) | $17,607 | $0 | $0 | Yes (X) | |
| Kevin Cooney | ||||||||
| Director | 15.00 | 0.00 | $17,157 | $0 | $0 | Yes (X) | ||
| Tobin Brown | ||||||||
| Director | 15.00 | 0.00 | $17,007 | $0 | $0 | Yes (X) | ||
| Terry Rhoades | ||||||||
| Director | 15.00 | 0.00 | $16,557 | $0 | $0 | Yes (X) | ||
| Doylene Garvey | ||||||||
| Secretary | 15.00 | 0.00 | Yes (X) | $16,557 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,658,518 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $368,666 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 30 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Western Line Builders Inc | |||||
| P O Box 614 | Wells | NV | 89835 | Line Building | $660,643 |
| Asplundh Tree Expert LLC | |||||
| 708 Blair Mill Road | Willow Grove | PA | 190901701 | Tree Trimming | $531,973 |
| Eric Jacobson | |||||
| 1650 Airport Road | Montrose | CO | 81401 | Hydro Power | $339,200 |
| SAVATREE LLC | |||||
| 550 Bedford Road | Bedford Hills | NY | 10507 | Tree Trimming | $354,658 |
| NISC | |||||
| P O Box 1147 | Mandan | ND | 58554 | Software Services | $309,546 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $104,517 | GovernmentGrantsAmt |
| Total Contributions | $104,517 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Sale of Electricity | 221000 | $32,112,824 | $32,112,824 |
| Capital Credits | 211110 | $358,769 | $358,769 |
| Miscellaneous Revenue | 211110 | $118,788 | $118,788 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $32,590,381 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $341,610 | TotalRevenueColumnAmt |
| Exclusion | $341,610 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $87,776 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $87,776 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $87,776 | TotalRevenueColumnAmt |
| Exclusion | $87,776 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $16,489 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $16,489 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,489 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $16,489 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Misc Non-Operating | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $22,911 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $22,911 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $22,911 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,163,684 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $32,629,781 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $429,386 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,000 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,000 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,510,987 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,061,581 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $965,602 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,158,811 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,673,172 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Cost of Power | $16,641,315 | $16,641,315 |
| Distribution Expense | $5,003,820 | $5,003,820 |
| Admin & General | $2,523,822 | $2,523,822 |
| Member Services | $1,507,807 | $1,507,807 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,250 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,090,167 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,074,280 | BOYAmt |
| EOY | $2,992,545 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,439,991 | BOYAmt |
| EOY | $3,611,136 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,128,219 | BOYAmt |
| EOY | $2,004,049 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $275,726 | BOYAmt |
| EOY | $119,973 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $104,971,775 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $38,818,101 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,217,988 | BOYAmt |
| EOY | $66,153,674 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,504,178 | BOYAmt |
| EOY | $19,555,872 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $205,444 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,640,382 | BOYAmt |
| EOY | $94,642,693 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,723,123 | BOYAmt |
| EOY | $6,687,353 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,053,280 | BOYAmt |
| EOY | $2,253,280 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,939,986 | BOYAmt |
| EOY | $33,208,137 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,172,401 | BOYAmt |
| EOY | $2,937,825 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,888,790 | BOYAmt |
| EOY | $47,086,595 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,751,592 | BOYAmt |
| EOY | $47,556,098 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,751,592 | BOYAmt |
| EOY | $47,556,098 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $93,640,382 | BOYAmt |
| EOY | $94,642,693 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $73,517 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $730,989 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $731,753 | OtherCostOrOtherBasisAmt |
| Book Value | $731,753 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,936,974 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,405,690 | DepreciationAmt |
| Book Value | $3,531,284 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $97,303,048 | OtherCostOrOtherBasisAmt |
| Depreciation | $35,412,411 | DepreciationAmt |
| Book Value | $61,890,637 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $66,153,674 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Investments in Assoc Organizations | $16,785,683 | C |
| Other Investments | $2,253,280 | C |
| Subrodinated Certificates | $514,909 | C |
| Non-Utility Property | $2,000 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $19,555,872 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Deferred Credits | Desc |
| Amt | $2,937,825 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,937,825 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $33,059,167 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $33,059,167 | RevenueSubtotalAmt |
| Other Revenues Not Included | $104,517 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $104,517 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $33,163,684 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $31,548,180 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $31,548,180 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,541,987 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,541,987 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $33,090,167 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other revenues included on Form 990 (Part XI, line 4b) | MCR and Microgrid Grants $104,517 |
| Other expenses included on Form 990 (Part XII, line 4b) | Scholarships and Donations $ 31,000Current Year Margins Assigned to Members $1,510,987 |
| Footnote for uncertain tax position under FIN 48 (Part X) | An evaluation of whether or not the Cooperative has any uncertain tax positions is determined on an annual basis. While the Cooperative believes it has adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the Cooperative. The Cooperative recognizes any interest and penalties assessed by taxing authorities in income tax expense, and with few exceptions, is no longer subject to federal, state, or local income tax examinations by taxing authorities for years before 2020 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Montrose Community Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 3020 | AddressLine1Txt |
| City | Montrose | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 841128761 | RecipientEIN |
| Cash Grant | $10,000 | CashGrantAmt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | Scholarships | GrantTypeTxt |
| Recipient | 7 | RecipientCnt |
| Cash Grant | $21,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Monitoring procedures (Part I, line 2) | FormAndLineReferenceDesc |
| Explanation | There were 7 scholarships of $3,000 each totalling $21,000 that were issued jointly to 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. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | false | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| Bradley Zaporski | ||||
| CEO | $395,178 | $51,997 | $13,921 | $461,096 |
| Roy Bolton | ||||
| Lineman | $143,347 | $12,627 | $17,222 | $173,196 |
| Doug Tea | ||||
| Manager | $179,893 | $18,164 | $22,659 | $220,716 |
| Lance Lehigh | ||||
| CFO | $180,188 | $20,988 | $29,974 | $231,150 |
| Jacob Cadwell | ||||
| Foreman | $135,797 | $13,380 | $17,285 | $166,462 |
| Jeremy Fox | ||||
| COO | $195,514 | $21,120 | $30,633 | $247,267 |
| Clint Colson | ||||
| Foreman | $133,144 | $31,534 | $17,297 | $181,975 |
| Wiley Freeman | ||||
| Manager | $173,388 | $20,153 | $29,712 | $223,253 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 ourwebsite. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | CY Margins Assigned to Members $ 1,510,987Other Changes $ 293,519MCR and Microgrid Grants $ - 104,517Scholarships/Donations $ 31,000Retirement of Capital Credits $ -1,000,000 Total $ 730,989Board of Directors elected to distribute $21,000 in scholarshipsand $10,000 in donations from retained earnings |
| Part XI response or note to any line in Part XI | Form 990, Part IX, Line 4The instructions to the 2023 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, 2023. |