2024-10-11T14:29:10-04:00 2023-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2023-01-01 840312816 San Miguel Power Association Inc SANM PO Box 817 Nucla CO 81424 Bradley Zaporski CEO 9708647311 2024-09-24 true true George Lynch P00187596 9138311150 2024-10-11 2023 2024-10-15 13:58:12Z 33163684 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 31102898 32590381 252668 358099 55689 110687 31411255 33163684 63855 31000 671166 1510987 1895283 2027183 0 0 28834806 29520997 31465110 33090167 -53855 73517 93640382 94642693 46888790 47086595 46751592 47556098 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 34122016 949750 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 395178 0 65918 Jeremy Fox COO 50.00 0.00 X 195514 0 51753 Lance Lehigh CFO 50.00 0.00 X 180188 0 50962 Wiley Freeman Manager 50.00 0.00 X 173388 0 49865 Doug Tea Manager 50.00 0.00 X 179893 0 40823 Clint Colson Foreman 40.00 0.00 X 133144 0 48831 Roy Bolton Lineman 40.00 0.00 X 143347 0 29849 Jacob Cadwell Foreman 40.00 0.00 X 135797 0 30665 William Felicelli President 20.00 0.00 X X 18817 0 0 Deborah Cokes Vice Secretary 20.00 0.00 X X 18367 0 0 David Alexander Vice President 15.00 0.00 X X 17607 0 0 Kevin Cooney Director 15.00 0.00 X 17157 0 0 Tobin Brown Director 15.00 0.00 X 17007 0 0 Terry Rhoades Director 15.00 0.00 X 16557 0 0 Doylene Garvey Secretary 15.00 0.00 X X 16557 0 0 1658518 0 368666 30 false true false Western Line Builders Inc P O Box 614 Wells NV 89835 Line Building 660643 Asplundh Tree Expert LLC 708 Blair Mill Road Willow Grove PA 190901701 Tree Trimming 531973 Eric Jacobson 1650 Airport Road Montrose CO 81401 Hydro Power 339200 SAVATREE LLC 550 Bedford Road Bedford Hills NY 10507 Tree Trimming 354658 NISC P O Box 1147 Mandan ND 58554 Software Services 309546 12 104517 104517 Sale of Electricity 221000 32112824 32112824 Capital Credits 211110 358769 358769 Miscellaneous Revenue 211110 118788 118788 32590381 341610 341610 87776 87776 87776 87776 16489 16489 16489 16489 Misc Non-Operating 900099 22911 22911 22911 33163684 32629781 0 429386 10000 21000 1510987 1061581 965602 1158811 2673172 Cost of Power 16641315 16641315 Distribution Expense 5003820 5003820 Admin & General 2523822 2523822 Member Services 1507807 1507807 12250 33090167 0 0 0 4074280 2992545 3439991 3611136 2128219 2004049 275726 119973 104971775 38818101 64217988 66153674 19504178 19555872 205444 93640382 94642693 6723123 6687353 2053280 2253280 34939986 33208137 2000000 3172401 2937825 46888790 47086595 X 46751592 47556098 46751592 47556098 93640382 94642693 X 73517 730989 X false true X true 731753 731753 6936974 3405690 3531284 97303048 35412411 61890637 66153674 Investments in Assoc Organizations 16785683 C Other Investments 2253280 C Subrodinated Certificates 514909 C Non-Utility Property 2000 C 19555872 Deferred Credits 2937825 2937825 X 33059167 33059167 104517 104517 33163684 31548180 31548180 1541987 1541987 33090167 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 false Montrose Community Foundation PO Box 3020 Montrose CO 81402 841128761 10000 Scholarships 7 21000 Monitoring procedures (Part I, line 2) 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. X true false X X X false false false Bradley Zaporski CEO 395178 51997 13921 461096 Roy Bolton Lineman 143347 12627 17222 173196 Doug Tea Manager 179893 18164 22659 220716 Lance Lehigh CFO 180188 20988 29974 231150 Jacob Cadwell Foreman 135797 13380 17285 166462 Jeremy Fox COO 195514 21120 30633 247267 Clint Colson Foreman 133144 31534 17297 181975 Wiley Freeman Manager 173388 20153 29712 223253 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.