YAMPA VALLEY ELECTRIC ASSOCIATION INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- YAMPA VALLEY ELECTRIC ASSOCIATION INC (EIN 84-0358317)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-14
- IRS object ID
- 202313189349315851
- Schema version
- 2022v5.0
- 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 | 2023-11-14T16:19:11-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840358317 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YAMPA VALLEY ELECTRIC ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | YAMP | BusinessNameControlTxt |
| Phone | 9708791160 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2211 ELK RIVER ROAD | AddressLine1Txt |
| City | STEAMBOAT SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80487 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | EMILY ZVORAK | PersonNm |
| Person Title | MGR OF FINANCE & ACCOUNTING | PersonTitleTxt |
| Phone | 9708791160 | PhoneNum |
| Signature | 2023-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | EMILY | PersonFirstNm |
| Person Last | ZVORAK | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM M MILLER | PreparerPersonNm |
| PTIN | P00439459 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2023-11-12 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | STEVE JOHNSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2211 ELK RIVER ROAD | AddressLine1Txt |
| City | STEAMBOAT SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80487 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $75,840,419 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.YVEA.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1940 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 94 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $4,302,281 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $63,723,205 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $71,354,969 | CYProgramServiceRevenueAmt |
| PY Investment Income | $76,947 | PYInvestmentIncomeAmt |
| CY Investment Income | $136,421 | CYInvestmentIncomeAmt |
| PY Other Revenue | $9,215,861 | PYOtherRevenueAmt |
| CY Other Revenue | $4,335,837 | CYOtherRevenueAmt |
| PY Total Revenue | $73,016,013 | PYTotalRevenueAmt |
| CY Total Revenue | $75,827,227 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $44,145 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $33,966 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $2,577,306 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $926,346 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $10,721,103 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $12,426,680 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $57,210,643 | PYOtherExpensesAmt |
| CY Other Expenses | $61,419,334 | CYOtherExpensesAmt |
| PY Total Expenses | $70,553,197 | PYTotalExpensesAmt |
| CY Total Expenses | $74,806,326 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,462,816 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,020,901 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $179,531,578 | TotalAssetsBOYAmt |
| Total Assets EOY | $208,374,806 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $101,283,823 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $132,838,142 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $78,247,755 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $75,536,664 | NetAssetsOrFundBalancesEOYAmt |
| Mission | YAMPA VALLEY ELECTRIC ASSOCIATION IS A COOPERATIVE THAT PROVIDES VALUE TO ITS MEMBER-OWNERS THROUGH TECHNOLOGY THAT DELIVERS SAFE AND RELIABLE ELECTRICAL SERVICE IN AN ENVIRONMENTALLY AND FINANCIALLY RESPONSIBLE MANNER. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 28,077 CONSUMERS AT YEAR END. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 79 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 94 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $88,467,537 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $7,547,806 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EMILY ZVORAK MGR OF FINANCE & ACCOUNTING | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9708791160 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2211 ELK RIVER ROAD | AddressLine1Txt |
| City | STEAMBOAT SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80487 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| SCOTT MCGILL | ||||||||
| DIRECTOR | 9.30 | Yes (X) | $27,160 | $0 | $0 | |||
| THOMAS FOX | ||||||||
| CHAIRMAN | 4.30 | Yes (X) | $20,325 | $0 | $0 | Yes (X) | ||
| PATRICK DELANEY | ||||||||
| DIRECTOR | 4.50 | Yes (X) | $16,900 | $0 | $0 | |||
| DEBBIE COOK | ||||||||
| DIRECTOR | 4.00 | Yes (X) | $15,482 | $0 | $0 | |||
| GLYNDA S SHEEHAN | ||||||||
| DIRECTOR | 4.50 | Yes (X) | $14,599 | $0 | $0 | |||
| SASHA NELSON | ||||||||
| DIRECTOR | 3.80 | Yes (X) | $13,710 | $0 | $0 | |||
| QUENTIN DEAN BROSIOUS | ||||||||
| VICE CHAIRMAN (JAN-JUNE) | 20.00 | Yes (X) | $8,755 | $0 | $0 | Yes (X) | ||
| SONJA MACYS | ||||||||
| DIRECTOR (JAN-JUNE) | 4.20 | Yes (X) | $7,240 | $0 | $0 | |||
| KEN ROGERS | ||||||||
| VICE CHAIRMAN | 2.50 | Yes (X) | $6,650 | $0 | $0 | Yes (X) | ||
| DANIEL LEBLANC | ||||||||
| DIRECTOR (JUNE-DEC) | 4.00 | Yes (X) | $4,750 | $0 | $0 | |||
| STEVEN RAY BOOKER | ||||||||
| DIRECTOR (JUNE-DEC) | 4.60 | Yes (X) | $4,275 | $0 | $0 | |||
| STEVEN JOHNSON | ||||||||
| GM/PRESIDENT | 55.00 | $378,386 | $0 | $228,626 | Yes (X) | |||
| VIRGINIA HARMAN | ||||||||
| CHIEF OPERATIONS OFFICER | 48.00 | $243,268 | $0 | $101,788 | Yes (X) | |||
| WADE PYNES | ||||||||
| TREASURER/CFO | 50.00 | $231,874 | $0 | $69,611 | Yes (X) | |||
| LARISSA ROCK | ||||||||
| EXECUTIVE ASSISTANT/SECRETARY | 40.00 | $95,616 | $0 | $50,974 | Yes (X) | |||
| KELLI ROOT | ||||||||
| IT MANAGER | 50.00 | $158,263 | $0 | $106,988 | Yes (X) | |||
| JOHN CROMER | ||||||||
| OPERATIONS MANAGER | 50.00 | $161,130 | $0 | $95,787 | Yes (X) | |||
| MEGAN MOORE-KEMP | ||||||||
| MEMBER RELATIONS MANAGER | 50.00 | $154,698 | $0 | $71,755 | Yes (X) | |||
| PERRY BAKER | ||||||||
| FOREMAN | 48.50 | $161,698 | $0 | $65,764 | Yes (X) | |||
| JAMES CROSS | ||||||||
| ENGINEERING MANAGER | 45.00 | $149,418 | $0 | $54,836 | Yes (X) | |||
| CHASE WESTBERG | ||||||||
| FOREMAN | 46.80 | $157,002 | $0 | $46,248 | Yes (X) | |||
| JACOB PERKINS | ||||||||
| LINEMAN | 48.80 | $156,271 | $0 | $42,239 | Yes (X) | |||
| JAMES LOUGE | ||||||||
| LINEMAN | 46.00 | $144,597 | $0 | $52,960 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,332,067 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $987,576 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 37 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WARD ELECTRIC CO INC | |||||
| 9586 E I-25 FRONTAGE RD STE B | LONGMONT | CO | 80504 | LINE CONSTRUCTION | $4,313,376 |
| WOLF LINE CONSTRUCTION COMPANY | |||||
| 1831 REYNOLDS AVE | NORTH CHARLESTON | SC | 29405 | FIBER CONSTRUCTION | $3,719,170 |
| FOOTHILLS ENERGY SERVICES LLC | |||||
| PO BOX 603 | FRANKTOWN | CO | 80116 | SUBSTATION CONSTRUCTION | $2,497,138 |
| FOUR D CONSTRUCTION LLC | |||||
| 8188 CR 179 | RICHARDS | TX | 77873 | FIBER CONSTRUCTION | $2,099,312 |
| DUCKELS CONSTRUCTION INC | |||||
| 3500 DUCKELS COURT | STEAMBOAT SPRINGS | CO | 80487 | LINE CONSTRUCTION | $1,995,097 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 27 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | $69,728,611 | $69,728,611 | |
| PATRONAGE DIVIDENDS | 221000 | $1,070,221 | $1,066,986 | $3,235 |
| MISC SERVICE FEES & SALES | 221000 | $339,667 | $339,667 | |
| OTHER PROGRAM REVENUE | 221000 | $216,470 | $216,470 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $71,354,969 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $108,068 | TotalRevenueColumnAmt |
| Exclusion | $108,068 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $41,545 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $13,192 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $28,353 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $28,353 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $11,332 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $17,021 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| LUMINATE FIBER SALES | 517000 | $3,851,328 | $3,851,328 | |
| LUMINATE GRANTS & CIAC | 221000 | $430,697 | $430,697 | |
| POLE ATTACHMENT INCOME | 221000 | $53,812 | $53,812 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,335,837 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $75,827,227 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $71,363,066 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $4,302,281 | UnrelatedBusinessRevenueAmt |
| Exclusion | $161,880 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,416 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $550 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $926,346 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,288,610 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,589,891 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $919,896 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,059,988 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $568,295 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,307,813 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,797,060 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $40,500,988 |
| DISTRIBUTION EXPENSE | $4,215,482 |
| ADMIN & GENERAL EXPENSE | $2,526,868 |
| CONSUMER EXPENSE | $1,099,453 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,971,670 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,806,326 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,638,971 | BOYAmt |
| EOY | $10,017,699 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,575,552 | BOYAmt |
| EOY | $11,284,991 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $55,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,086,333 | BOYAmt |
| EOY | $9,320,794 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,443,157 | BOYAmt |
| EOY | $2,410,240 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $252,926,291 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $83,152,411 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,698,068 | BOYAmt |
| EOY | $169,773,880 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,891,870 | BOYAmt |
| EOY | $4,613,161 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $197,627 | BOYAmt |
| EOY | $899,041 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $179,531,578 | BOYAmt |
| EOY | $208,374,806 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,962,478 | BOYAmt |
| EOY | $14,942,956 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,962,451 | BOYAmt |
| EOY | $6,898,815 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $81,145,467 | BOYAmt |
| EOY | $107,035,992 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,213,427 | BOYAmt |
| EOY | $3,960,379 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,283,823 | BOYAmt |
| EOY | $132,838,142 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,247,755 | BOYAmt |
| EOY | $75,536,664 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,247,755 | BOYAmt |
| EOY | $75,536,664 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $179,531,578 | BOYAmt |
| EOY | $208,374,806 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,020,901 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$3,731,992 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | 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 (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,282,862 | OtherCostOrOtherBasisAmt |
| Book Value | $3,282,862 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $27,410,290 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,976,897 | DepreciationAmt |
| Book Value | $22,433,393 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $215,351,267 | OtherCostOrOtherBasisAmt |
| Depreciation | $78,175,514 | DepreciationAmt |
| Book Value | $137,175,753 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,881,872 | OtherCostOrOtherBasisAmt |
| Book Value | $6,881,872 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $169,773,880 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED CREDITS - REFUNDABLE AID TO CONSTRUCTION | $480,320 |
| DEFERRED CREDITS - UNCLAIMED CAPITAL CREDITS | $1,203,452 |
| CONSUMER DEPOSITS | $407,924 |
| ACCRUED OPERATING TAXES | $1,867,797 |
| LUMINATE OTHER LIABILITIES | $886 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $3,960,379 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $75,280,777 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $75,280,777 | RevenueSubtotalAmt |
| Other Revenues Not Included | $546,450 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $546,450 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $75,827,227 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $73,764,227 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $73,764,227 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,042,099 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,042,099 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $74,806,326 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ASSOCIATION FOLLOWS THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE ASSOCIATION IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE ASSOCIATION DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, OR OTHER STATE TAXING AUTHORITY, AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | NON-OPERATING EXPENSES RECLASSIFIED TO FORM 990 PART IX 8,196. MERCHANDISING EXPENSE RECLASSIFIED TO FORM 990 PART IX 107,557. LUMINATE FIBER CONSTRUCTION GRANTS - UBI TAX BASIS 402,413. LUMINATE FIBER CONTRIBUTIONS IN AID OF CONSTRUCTION - UBI TAX BASIS 28,284. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 926,346. NON-OPERATING EXPENSES RECLASSIFIED TO FORM 990 PART IX 8,196. MERCHANDISING EXPENSE RECLASSIFIED TO FORM 990, PART IX 107,557. |
| PART VIII: | THE AMOUNT OF INVESTMENTS - PROGRAM RELATED ON FORM 990, PAGE 11, PART X, LINE 13 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART VIII HAS BEEN LEFT BLANK. PART IX: THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5% OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. |
| PART XII, LINE 4B: | FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE ASSOCIATION FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCATED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS". PATRONAGE DIVIDENDS ARE ALLOCATED ON A PATRONAGE BASIS AND DONE SO PURSUANT TO A PRE-EXISTING OBLIGATION AS PROVIDED FOR IN THE "NON-PROFIT OPERATION" ARTICLE OF THE ASSOCIATION'S BYLAWS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| ENERGY OUTREACH COLORADO | ||||||||
| 225 E 16TH AVE SUITE 200 | DENVER | CO | 80203 | 742543881 | 501(C)(3) | $21,342 | $0 | LOW INCOME ENERGY ASSISTANCE PROGRAM CONTRIBUTIONS |
| MESA HOTLINE SCHOOL INC | ||||||||
| 45150 CR 118 | LIMON | CO | 80828 | 760775551 | C CORP | $10,000 | $0 | TO AID IN TRAINING PROGRAMS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II: | FormAndLineReferenceDesc |
| Explanation | ALL GRANTS, SPONSORSHIPS, AND/OR DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STEVEN JOHNSON | ||||||||||||||
| GM/PRESIDENT | $323,930 | $0 | $25,420 | $0 | $29,036 | $0 | $191,628 | $0 | $36,998 | $0 | $607,012 | $0 | $0 | $0 |
| VIRGINIA HARMAN | ||||||||||||||
| CHIEF OPERATIONS OFFICER | $209,227 | $0 | $435 | $0 | $33,606 | $0 | $68,904 | $0 | $32,884 | $0 | $345,056 | $0 | $0 | $0 |
| WADE PYNES | ||||||||||||||
| TREASURER/CFO | $193,190 | $0 | $427 | $0 | $38,257 | $0 | $34,439 | $0 | $35,172 | $0 | $301,485 | $0 | $0 | $0 |
| KELLI ROOT | ||||||||||||||
| IT MANAGER | $148,602 | $0 | $1,236 | $0 | $8,425 | $0 | $91,223 | $0 | $15,765 | $0 | $265,251 | $0 | $0 | $0 |
| JOHN CROMER | ||||||||||||||
| OPERATIONS MANAGER | $144,836 | $0 | $990 | $0 | $15,304 | $0 | $58,771 | $0 | $37,016 | $0 | $256,917 | $0 | $0 | $0 |
| PERRY BAKER | ||||||||||||||
| FOREMAN | $154,965 | $0 | $402 | $0 | $6,331 | $0 | $30,224 | $0 | $35,540 | $0 | $227,462 | $0 | $0 | $0 |
| MEGAN MOORE-KEMP | ||||||||||||||
| MEMBER RELATIONS MANAGER | $143,303 | $0 | $5,643 | $0 | $5,752 | $0 | $36,215 | $0 | $35,540 | $0 | $226,453 | $0 | $0 | $0 |
| JAMES CROSS | ||||||||||||||
| ENGINEERING MANAGER | $146,940 | $0 | $425 | $0 | $2,053 | $0 | $43,587 | $0 | $11,249 | $0 | $204,254 | $0 | $0 | $0 |
| CHASE WESTBERG | ||||||||||||||
| FOREMAN | $155,476 | $0 | $482 | $0 | $1,044 | $0 | $18,008 | $0 | $28,240 | $0 | $203,250 | $0 | $0 | $0 |
| JACOB PERKINS | ||||||||||||||
| LINEMAN | $143,046 | $0 | $387 | $0 | $12,838 | $0 | $11,778 | $0 | $30,461 | $0 | $198,510 | $0 | $0 | $0 |
| JAMES LOUGE | ||||||||||||||
| LINEMAN | $141,872 | $0 | $390 | $0 | $2,335 | $0 | $23,515 | $0 | $29,445 | $0 | $197,557 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, COLUMN C: | FormAndLineReferenceDesc |
| Explanation | INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. STEVEN JOHNSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 179,428 EMPLOYER CONTRIBUTION TO 401(K) PLAN 12,200 TOTAL REPORTED IN COLUMN C $ 191,628 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (179,428) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 10,030 EXPENSE TO THE COOPERATIVE $ 22,230 VIRGINIA HARMAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 61,943 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,961 TOTAL REPORTED IN COLUMN C $ 68,904 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (61,943) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 6,628 EXPENSE TO THE COOPERATIVE $ 13,589 WADE PYNES: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 25,517 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,922 TOTAL REPORTED IN COLUMN C $ 34,439 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (25,517) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 6,521 EXPENSE TO THE COOPERATIVE $ 15,443 KELLI ROOT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 84,768 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,455 TOTAL REPORTED IN COLUMN C $ 91,223 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (84,768) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 4,709 EXPENSE TO THE COOPERATIVE $ 11,164 JOHN CROMER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 53,561 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,210 TOTAL REPORTED IN COLUMN C $ 58,771 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (53,561) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 5,239 EXPENSE TO THE COOPERATIVE $ 10,449 PERRY BAKER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 23,284 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,940 TOTAL REPORTED IN COLUMN C $ 30,224 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (23,284) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 3,588 EXPENSE TO THE COOPERATIVE $ 10,528 MEGAN MOORE-KEMP: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 29,572 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,643 TOTAL REPORTED IN COLUMN C $ 36,215 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (29,572) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 4,890 EXPENSE TO THE COOPERATIVE $ 11,533 JAMES CROSS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 37,617 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,970 TOTAL REPORTED IN COLUMN C $ 43,587 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (37,617) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 5,217 EXPENSE TO THE COOPERATIVE $ 11,187 CHASE WESTBERG: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 11,546 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,462 TOTAL REPORTED IN COLUMN C $ 18,008 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (11,546) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 3,588 EXPENSE TO THE COOPERATIVE $ 10,050 JACOB PERKINS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 7,945 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,833 TOTAL REPORTED IN COLUMN C $ 11,778 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (7,945) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 3,316 EXPENSE TO THE COOPERATIVE $ 7,149 JAMES LOUGE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,503 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,012 TOTAL REPORTED IN COLUMN C $ 23,515 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,503) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 3,316 EXPENSE TO THE COOPERATIVE $ 9,328 | ExplanationTxt |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WADE PYNES | PersonNm |
| Relationship With Org | EMPLOYEE OFFICER | RelationshipWithOrgTxt |
| Loan Purpose | HOUSING ASSISTANCE PROGRAM REPAYMENT | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $55,000 | OriginalPrincipalAmt |
| Balance Due | $55,000 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $55,000 | TotalBalanceDueAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (18 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE ASSOCIATION HAS 9 BOARD MEMBERS; ALL 9 ARE ALLOWED TO VOTE. |
| FORM 990, PART VI, SECTION A, LINE 4 | DURING THE YEAR, THE COOPERATIVE'S BYLAWS WERE AMENDED. THE FOLLOWING IS A SUMMARY OF THE CHANGES: ARTICLE 1. MEMBERS. SECTION 1. QUALIFICATIONS AND OBLIGATIONS. CHANGED TO STATE THAT ANY PERSON OR ENTITY MAY BECOME A MEMBER UPON APPROVAL BY THE BOARD. ALSO CHANGED THE TERM "ASSOCIATION" TO "COOPERATIVE AND "CERTIFICATE" TO "ARTICLES" THROUGHOUT THE BYLAWS. SECTION 3. PURCHASE OF ENERGY, GOODS, AND SERVICES. THE FOLLOWING SENTENCE WAS DELETED, "IT IS EXPRESSLY UNDERSTOOD THAT AMOUNTS PAID FOR ELECTRIC ENERGY IN EXCESS OF THE COST OF SERVICE ARE FURNISHED BY MEMBERS AS CAPITAL AND EACH MEMBER SHALL BE CREDITED WITH THE CAPITAL FURNISHED AS PROVIDED IN THESE BYLAWS." SECTION 5. TERMINATION OF MEMBERSHIP. THE FOLLOWING PARAGRAPH WAS ADDED, "THE MEMBERSHIP OF A MEMBER WILL TERMINATE (I) WHEN SUCH MEMBER HAS NOT PURCHASED ELECTRIC ENERGY FROM THE COOPERATIVE FOR A PERIOD OF THREE CONSECUTIVE MONTHS AFTER ELECTRIC ENERGY IS AVAILABLE; (II) WHEN SUCH MEMBER CEASES TO PURCHASE ELECTRIC ENERGY FROM THE COOPERATIVE FOR A PERIOD OF THREE CONSECUTIVE MONTHS; OR (III) UPON THE WITHDRAWAL, DEATH, CESSATION OF EXISTENCE OR EXPULSION OF SUCH MEMBER. UPON TERMINATION OF MEMBERSHIP, THE MEMBERSHIP CERTIFICATE OF SUCH MEMBER SHALL BE SURRENDERED FORTHWITH TO THE COOPERATIVE AND THE MEMBERSHIP FEE REFUNDED OR OFFSET AGAINST DEBTS DUE THE COOPERATIVE." SECTION 6. UNCLAIMED PROPERTY. UNCLAIMED FUNDS, EXCLUDING RETIRED PATRONAGE CAPITAL CREDITS GOVERNED BY ARTICLE VIII, SECTION 7, WHICH HAVE BEEN OUTSTANDING FOR AT LEAST SIX MONTHS AFTER BEING MAILED ARE DEEMED ABANDONED AND ASSIGNED TO THE COOPERATIVE. SECTION 7. TRANSFER AND TERMINATION OF MEMBERSHIP. ADDRESSES THE TRANSFER OR TERMINATION OF A JOINT MEMBERSHIP AS AGREED UPON BETWEEN THE TWO PARTIES. PREVIOUS SECTION 7. DIRECTOR DISCIPLINE AND REMOVAL WAS DELETED FROM ARTICLE 1 AND A REVISED SECTION WAS ADDED TO ARTICLE III. SECTION 8. PROPERTY INTEREST OF MEMBERS. STATES THAT UPON DISSOLUTION OF THE COOPERATIVE AFTER ALL DEBTS AND LIABILITIES ARE PAID, THE REMAINING PROPERTY WILL BE DISTRIBUTED AMONG THE MEMBERS AND FORMER MEMBERS BY PROPORTION OF AGGREGATE PATRONAGE DURING THE TEN YEARS PRECEDING THE DATE OF FILING THE CERTIFICATE OF DISSOLUTION. ARTICLE II. MEETINGS OF MEMBERS. SECTION 1. ANNUAL MEETING. UPDATED TO INCLUDE THE NOTICE REQUIREMENTS TO MEMBERS FOR THE ANNUAL MEETING. SECTION 2. SPECIAL MEETINGS. UPDATED THE CONDITIONS FOR CALLING A SPECIAL MEETING ALONG WITH NOTICE REQUIREMENTS FOR SAID MEETING. SECTION 3. NOTICE OF MEMBERS' MEETING WAS MOVED TO SECTIONS 1 AND 2. SECTION 3 IS NOW QUORUM. ARTICLE III. DIRECTORS. SECTION 5. DIRECTOR DISCIPLINE AND REMOVAL. 5.1 ACTION BY THE BOARD OF DIRECTORS (A) DIRECTOR DISCIPLINE AND (B) REMOVAL BY THE BOARD ARE THE PARAGRAPHS MOVED FROM ARTICLE I, SECTION 7. PARAGRAPH (C) CAUSE DEFINED WAS ADDED AND STATES, CAUSE INCLUDES: (I) A CONVICTION OR JUDICIAL DETERMINATION INVOLVING A FELONY CRIME AFTER ELECTION AS A DIRECTOR; (II) BECOMING INELIGIBLE TO SERVE AS A DIRECTOR DUE TO FAILING TO MEET THE QUALIFICATIONS SET FORTH IN ARTICLE III SECTION 2; (III) VIOLATION OF A DIRECTOR'S FIDUCIARY DUTY DURING HIS OR HER SERVICE AS A DIRECTOR; (IV) A VIOLATION OF BOARD POLICY; (V) FINDING THAT REMOVAL IS PROPER FOLLOWING THE PROCESS SET FORTH IN SECTION 5.1(A); OR (VI) UNACCEPTABLE PERSONAL CONDUCT BRINGING DISREPUTE OR DISPARAGEMENT TO THE COOPERATIVE. 5.2 ACTION BY MEMBERS STATES THAT ANY MEMBER MAY BRING CHARGES AGAINST A DIRECTOR WITH A SIGNED PETITION BY 10% OF THE MEMBERS AND REQUEST THE REMOVAL OF SAID DIRECTOR. THE REMOVAL SHALL BE VOTED UPON IN THE MANNER PROVIDED IN ARTICLE III SECTION 4. ARTICLE VIII. NON-PROFIT OPERATION. SECTION 1. THE TERM "PATRONS" WAS REPLACED WITH "MEMBERS." SECTION 2. RENAMED "PATRONAGE OBLIGATION FOR ELECTRIC AND OTHER PATRONAGE SERVICES." THE PATRONS OF THE COOPERATIVE, BY DEALING WITH THE COOPERATIVE, ACKNOWLEDGE THAT THE TERMS AND PROVISIONS OF THESE BYLAWS RELATED TO THE RIGHTS AND OBLIGATIONS OF PATRONS SHALL CONSTITUTE AND BE A CONTRACT BETWEEN THE COOPERATIVE AND EACH PATRON. THE TERM "PATRON" MEANS A FORMER MEMBER OR CURRENT MEMBER RECEIVING SERVICES OR GOODS FROM THE COOPERATIVE AND TO WHOM THE COOPERATIVE IS OBLIGATED TO ALLOCATE CAPITAL CREDITS. SECTION 3. CAPITAL CREDITS IN CONNECTION WITH FURNISHING ELECTRIC AND OTHER PATRONAGE SERVICES. NEW PARAGRAPH (B) WAS ADDED TO STATE THAT IF COSTS AND EXPENSES EXCEED PATRONAGE OPERATING MARGINS, CREATING AN OPERATING LOSS, THE COOPERATIVE MAY, SO FAR AS PERMITTED BY LAW AND LOAN COVENANTS, AND IN THE BOARD'S DISCRETION: (I) OFFSET THE LOSS AGAINST EXISTING CAPITAL CREDITS BASED ON PATRONAGE DURING THE LOSS YEAR; (II) OFFSET THE LOSS AGAINST NET MARGINS FROM NON-PATRONAGE BUSINESS AS PROVIDED IN SECTION 4 OF THIS ARTICLE VIII; (II) CARRY THE LOSS FORWARD TO OFFSET FUTURE ALLOCATIONS OF CAPITAL CREDITS; (III) OFFSET THE LOSS AGAINST A RESERVE OR SIMILAR AMOUNT OR ACCOUNT; (IV) ASSESS THE LOSS IN ACCORDANCE WITH CONTRACTUAL PROVISIONS BETWEEN A PATRON AND THE COOPERATIVE; OR (V) ACCOUNT FOR THE LOSS IN SOME COMBINATION OF ONE OR MORE METHODS DESCRIBED. PARAGRAPHS (D) THROUGH (G) STATE THE MANNER BY WHICH THE BOARD MAY ALLOCATE AND RETIRE CAPITAL CREDITS. SECTION 4. NET MARGINS FROM NON-PATRONAGE BUSINESS. THIS PARAGRAPH WAS CHANGED TO STATE THAT SUCH MARGINS CAN BE RETAINED AS RESERVES OR TO THE EXTENT NOT NEEDED FOR THE PURPOSES LISTED, ALLOCATED TO ITS PATRONS BUT SUCH ALLOCATIONS SHALL ONLY INCLUDE MARGINS TO THE EXTENT CASH OR PROPERTY HAS BEEN RECEIVED. SECTION 5. RETIREMENT OF CAPITAL CREDITS. REVISED TO STATE THAT THE BOARD OF DIRECTORS SHALL HAVE THE AUTHORITY TO RETIRE CAPITAL CREDITS OF CLASSES OF SIMILARLY SITUATED PATRONS IN A DIFFERENT MANNER, METHOD, AND TIMING THAN OTHER CLASSES. PARAGRAPH (E ) WAS ADDED ALLOWING THE COOPERATIVE TO OFFSET AGAINST CAPITAL CREDITS ANY AMOUNT OWED TO THE COOPERATIVE BY A PATRON. SECTION 6. ASSIGNMENT OF CAPITAL CREDITS. REVISED TO STATE THAT CAPITAL CREDITED TO THE ACCOUNT OF EACH PATRON SHALL BE ASSIGNABLE ONLY ON THE BOOKS OF THE COOPERATIVE PURSUANT TO WRITTEN INSTRUCTION FROM THE ASSIGNOR AND ONLY TO SUCCESSORS IN INTEREST OR SUCCESSORS IN OCCUPANCY IN ALL OR PART OF PREMISES SERVED BY THE COOPERATIVE. SECTION 7. UNCLAIMED CAPITAL CREDITS. THIS SECTION PERMITS THE COOPERATIVE TO IMPOSE AN ANNUAL ADMINISTRATION FEE ON THE UNCLAIMED CAPITAL CREDITS OF PATRONS WHO FAIL TO CLAIM OR NEGOTIATE PAYMENT OF RETIRED CAPITAL CREDITS FOR MORE THAN ONE YEAR AFTER THE REFUND WAS MAILED, IN THE AMOUNT OF $5.00 PER YEAR. SAID ANNUAL ADMINISTRATION FEE SHALL BE A SETOFF AGAINST THE UNCLAIMED CAPITAL CREDITS AND SHALL BE CREDITED ANNUALLY TO THE COOPERATIVE IN REDUCTION OF THE UNCLAIMED CAPITAL CREDITS. PRIOR SECTIONS RELATED TO PATRONAGE REFUNDS IN CONNECTION WITH FURNISHING OTHER SERVICES AND ADMINISTRATION SERVICES CHARGES WERE DELETED. SECTION 8. SECURITY INTERESTS AND CREDIT SUPPORT. THIS SECTION STATES THAT IF THE BOARD OF DIRECTORS DETERMINES THAT THE COST OF INITIATING OR CONTINUING SERVICE FOR A PATRON JUSTIFIES ADDITIONAL SECURITY TO PROTECT THE FINANCIAL INTERESTS OF THE COOPERATIVE, THEN AS A CONDITION TO INITIATE OR CONTINUE SERVICE, THE COOPERATIVE MAY REQUIRE SUCH PATRON TO EXECUTE A SECURITY AGREEMENT THAT GRANTS THE COOPERATIVE A SECURITY INTEREST IN SUCH PATRON'S CAPITAL CREDITS. ARTICLE XIV. AMENDMENTS. SECTION 1. AMENDING THE BYLAWS "BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS PRESENT AT ANY REGULAR OR SPECIAL MEETING OF THE MEMBERS" WAS DELETED FROM THIS SECTION. SECTION 2 WAS DELETED WHICH STATED THAT THE BYLAWS COULD NOT BE AMENDED BY THE ACT OF THE BOARD OF DIRECTORS ALONE. SECTION 3. REVISIONS STATE THAT THE BOARD MAY ALSO SPONSOR OR PROPOSE AMENDMENTS TO THE BYLAWS TO BE SUBMITTED TO A VOTE OF THE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE ASSOCIATION VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE ASSOCIATION: 1. DISSOLUTION/LIQUIDATION OF THE ASSOCIATION 2. MERGER OR CONSOLIDATION OF THE ASSOCIATION WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE ASSOCIATION'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ASSOCIATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". |
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT PROVIDED A COPY OF THE RETURN TO THE BOARD OF DIRECTORS PRIOR TO FILING THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS PERFORM AN ANNUAL REVIEW AND UTILIZE INTERNAL RESOURCES AS WELL AS THE FORM 990 FROM OTHER ORGANIZATIONS WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THE GENERAL MANAGER UTILIZES INTERNAL RESOURCES AS WELL AS A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ANNUALLY, THE ASSOCIATION PROVIDES A COPY OF THE AUDITED BALANCE SHEET AND INCOME STATEMENT TO THE MEMBERS OF THE ASSOCIATION WITH THE ANNUAL REPORT. ADDITIONALLY, A COMPLETE COPY OF THE BYLAWS ARE LOCATED ON THE COOPERATIVE'S WEBSITE. HTTPS://WWW.YVEA.COM/YVEA-BYLAWS |
| FORM 990, PART VII, COLUMN F: | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE ASSOCIATION HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE ASSOCIATION PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING EMPLOYEE OFFICERS AND HIGLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE ASSOCIATION ALSO PROVIDES HEALTH, DENTAL AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES, INCLUDING EMPLOYEE OFFICERS AND HIGLY COMPENSATED EMPLOYEES, THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE EMPLOYEE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. |
| FORM 990, PART VIII, LINE 2: | PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE ASSOCIATION TO ITS MEMBERS. |
| FORM 990, PART IX: | ALTHOUGH NO LONGER A USDA RURAL UTILITIES SERVICE (RUS) BORROWER, THE ACCOUNTING RECORDS OF THE ASSOCIATION ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS (USOA) PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1-23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. |
| FORM 990, PART IX, LINE 4: | PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE ASSOCIATION ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE ASSOCIATION'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE ASSOCIATION OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE ASSOCIATION'S YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE ASSOCIATION FOR THE 2022 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE ASSOCIATION OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE ASSOCIATION HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. |
| FORM 990, PART IX, LINES 5-7: | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 9,878,501 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (139,846) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (725,529) PLUS: SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGIN 8,464 PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 1,691,591 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 556,676 TOTAL WAGES ACCRUED AND/OR PAID $11,269,857 |
| FORM 990, PART IX, LINE 24: | ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 2,916,682 EMPLOYEE TRAINING & BENEFITS 858,184 OFFICE SUPPLIES 595,768 OUTSIDE SERVICES 1,066,275 INJURIES & DAMAGES 351,048 INSURANCE & REGULATORY FEES 76,882 PUBLIC RELATIONS 48,847 DUES & SUBSCRIPTIONS 167,797 DIRECTORS 197,092 MAINTENANCE OF GENERAL PLANT 889,045 MISCELLANEOUS GENERAL 117,315 LUMINATE FIBER ADMIN & GENERAL 1,458,955 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 8,743,890 LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (139,846) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (4,457,972) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (1,619,204) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 2,526,868 |
| FORM 990, PART IX, LINE 24E: | OTHER EXPENSES ARE COMPRISED OF THE FOLLOWING: COST OF SALES OF FIBER $ 1,654,780 MERCHANDISING EXPENSES 107,557 PROVISION FOR INCOME TAX EXPENSE (BENEFIT) (428,536) SALES 175,179 TRANSMISSION 262,560 UNCLAIMED PROPERTY ADVERTISING 3,015 OTHER DEDUCTIONS 197,115 TOTAL OTHER EXPENSES PER FORM 990, LINE 24E $ 1,971,670 |
| FORM 990, PART XI, LINE 9: | PATRONAGE CAPITAL ALLOCATED OR TO BE ALLOCATED 926,346. DONATED CAPITAL 1,348. PATRONAGE CAPITAL RETIRED - TOTAL -4,258,349. PATRONAGE CAPITAL RETIRED - DISCOUNT 29,360. LUMINATE FIBER SALES - UBI TAX BASIS OF CONSTRUCTION GRANTS -402,413. LUMINATE FIBER SALES - UBI TAX BASIS OF CONTRIBUTION IN AID OF CONSTRUCTION -28,284. |
| FORM 990, PART XII, LINE 2C: | THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LUMINATE FIBER LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2211 ELK RIVER RD | AddressLine1Txt |
| City | STEAMBOAT SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80487 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 833781878 | EIN |
| Primary Activities | HIGH SPEED INTERNET & VOIP PHONE SERVICE | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Total Income | $4,258,521 | TotalIncomeAmt |
| End Of Year Assets | $6,957,491 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YAMPA VALLEY ELECTRIC ASSOCIATION | BusinessNameLine1Txt |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YVEA CARING CONSUMERS FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 771218 | AddressLine1Txt |
| City | STEAMBOAT SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80477 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 881424966 | EIN |
| Primary Activities | BETTERING THE QUALITY OF LIFE OF CITIZENS WITHIN THE AREA | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YAMPA VALLEY ELECTRIC ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YAMPA VENTURE SERVICES INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 771218 | AddressLine1Txt |
| City | STEAMBOAT SPRINGS | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80477 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841537973 | EIN |
| Primary Activities | INACTIVE | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | YAMPA VALLEY ELECTRIC ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|
| YVEA CARING CONSUMERS FOUNDATION | |
| N | N/A - LESS THAN $50,000 |
| YVEA CARING CONSUMERS FOUNDATION | |
| O | N/A - LESS THAN $50,000 |