GOLDEN SPREAD ELECTRIC COOPERATIVE INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- GOLDEN SPREAD ELECTRIC COOPERATIVE INC (EIN 75-1941060)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202343199349330939
- 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 | 2023-11-15T21:21:57-06:00 | 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 | 751941060 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOLDEN SPREAD ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GOLD | BusinessNameControlTxt |
| Phone | 8063797766 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 905 S FILLMORE ST SUITE 300 | AddressLine1Txt |
| City | AMARILLO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79101 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT M LOWE | PersonNm |
| Person Title | CFO & ASSISTANT TREASURER | PersonTitleTxt |
| Phone | 8063797766 | PhoneNum |
| Signature | 2023-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ROBERT | PersonFirstNm |
| Person Last | LOWE | 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 | 2023-11-07 | 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 | KARI HOLLANDSWORTH | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 905 S FILLMORE ST SUITE 300 | AddressLine1Txt |
| City | AMARILLO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $773,354,123 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.GSEC.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1984 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | THE ORGANIZATION IS A CONSUMER-OWNED WHOLESALE ELECTRIC POWER SUPPLIER COOPERATIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 32 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 32 | VotingMembersIndependentCnt |
| Total Employee | 103 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $700,899,667 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $767,542,523 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,565,923 | PYInvestmentIncomeAmt |
| CY Investment Income | $4,970,033 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$221,485 | PYOtherRevenueAmt |
| CY Other Revenue | -$174,281 | CYOtherRevenueAmt |
| PY Total Revenue | $703,244,105 | PYTotalRevenueAmt |
| CY Total Revenue | $772,338,275 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $259,346 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $253,778 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $21,411,539 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $22,422,216 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $23,893,879 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $697,413,764 | PYOtherExpensesAmt |
| CY Other Expenses | $714,944,377 | CYOtherExpensesAmt |
| PY Total Expenses | $720,095,326 | PYTotalExpensesAmt |
| CY Total Expenses | $760,503,573 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$16,851,221 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $11,834,702 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,251,228,427 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,273,810,870 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $788,523,072 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $807,325,093 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $462,705,355 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $466,485,777 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO DELIVER COST EFFECTIVE, COMPETITIVE AND RELIABLE POWER TO PROVIDE A SECURE ENERGY FUTURE FOR GENERATIONS TO COME BY CREATING OPPORTUNITIES, CULTIVATING COOPERATION AND NAVIGATING INDUSTRY RISK | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | THE ORGANIZATION PROVIDES WHOLESALE ELECTRIC ENERGY UNDER LONG-TERM POWER PURCHASE AGREEMENTS WITH ITS 16 ELECTRIC DISTRIBUTION COOPERATIVE MEMBERS. WHOLESALE POWER IS PROVIDED ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. | 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 | 0 | 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 | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | Yes (1) | 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 | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 149 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 103 | EmployeeCnt |
| Employment Tax Returns Filed | 0 | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| 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 | $182,920,309 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $7,263,980 | 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 | 32 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 32 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | 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 | Yes (1) | 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 | Yes (1) | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT M LOWE CFO ASSISTANT TRE | PersonNm |
| Phone | 8063797766 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 905 S FILLMORE ST SUITE 300 | AddressLine1Txt |
| City | AMARILLO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (44 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| ALBERT DANIEL | |||||||||
| DIRECTOR | 4.20 | 0.50 | Yes (X) | $45,824 | $0 | $0 | |||
| BEN FRANKLIN | |||||||||
| DIRECTOR | 3.70 | 0.50 | Yes (X) | $39,193 | $0 | $0 | |||
| BENNY DEAN NIXON | |||||||||
| DIRECTOR | 2.20 | 0.50 | Yes (X) | $31,327 | $0 | $0 | |||
| RICHARD BLAKE MOORE | |||||||||
| DIRECTOR | 6.30 | 0.50 | Yes (X) | $33,486 | $0 | $0 | |||
| BOBBY FUCHS | |||||||||
| DIRECTOR | 5.60 | 0.50 | Yes (X) | $32,794 | $0 | $0 | |||
| BRENT WHEELER | |||||||||
| DIRECTOR | 8.90 | 0.50 | Yes (X) | $44,251 | $0 | $0 | |||
| CECIL DAVIS | |||||||||
| DIRECTOR | 3.70 | 0.50 | Yes (X) | $31,825 | $0 | $0 | |||
| DALE ANCELL | |||||||||
| DIRECTOR | 8.50 | 0.50 | Yes (X) | $57,283 | $0 | $0 | |||
| DANNY HELMS | |||||||||
| DIRECTOR | 5.20 | 0.50 | Yes (X) | $38,954 | $0 | $10,250 | |||
| DAVID MARRICLE | |||||||||
| DIRECTOR | 5.20 | 0.50 | Yes (X) | $38,718 | $0 | $0 | |||
| DAVID SELL | |||||||||
| DIRECTOR | 7.50 | 0.50 | Yes (X) | $53,093 | $0 | $0 | |||
| DWAIN STRANGE | |||||||||
| DIRECTOR | 2.30 | 0.50 | Yes (X) | $26,751 | $0 | $0 | |||
| DAVID TIPTON | |||||||||
| DIRECTOR | 5.70 | 0.50 | Yes (X) | $36,140 | $0 | $7,800 | |||
| GREG HENLEY | |||||||||
| VICE CHAIRMAN | 7.00 | 0.50 | Yes (X) | $30,675 | $0 | $0 | Yes (X) | ||
| JAMES BATTON | |||||||||
| DIRECTOR (JAN-MAY) | 7.50 | 0.50 | Yes (X) | $10,570 | $0 | $0 | |||
| JEFF COPELAND | |||||||||
| DIRECTOR | 4.80 | 0.50 | Yes (X) | $32,354 | $0 | $0 | |||
| ANDREW KEITH HICKS | |||||||||
| DIRECTOR | 4.30 | 0.50 | Yes (X) | $38,968 | $0 | $0 | |||
| KELLY LANKFORD | |||||||||
| CHAIRMAN | 6.90 | 0.50 | Yes (X) | $44,114 | $0 | $0 | Yes (X) | ||
| KEVIN HUMPHREYS | |||||||||
| DIRECTOR | 3.70 | 0.50 | Yes (X) | $26,475 | $0 | $0 | |||
| MARK APPLING | |||||||||
| DIRECTOR | 3.80 | 0.50 | Yes (X) | $41,905 | $0 | $0 | |||
| DAVID MCCLAIN | |||||||||
| SECRETARY/TREASURER | 9.30 | 0.50 | Yes (X) | $40,572 | $0 | $0 | Yes (X) | ||
| MICHAEL SOUDER | |||||||||
| DIRECTOR (JUNE-DEC) | 1.90 | 0.50 | Yes (X) | $21,442 | $0 | $0 | |||
| PAT JACKSON | |||||||||
| DIRECTOR | 6.30 | 0.50 | Yes (X) | $33,434 | $0 | $0 | |||
| RANDY MAHANNAH | |||||||||
| DIRECTOR | 4.90 | 0.50 | Yes (X) | $31,972 | $0 | $0 | |||
| RANDY WHITE | |||||||||
| DIRECTOR (JUNE-DEC) | 5.00 | 0.50 | Yes (X) | $40,446 | $0 | $0 | |||
| RYAN BARTLETT | |||||||||
| DIRECTOR | 7.90 | 0.50 | Yes (X) | $39,774 | $0 | $0 | |||
| SHAD MCDANIEL | |||||||||
| DIRECTOR | 8.50 | 0.50 | Yes (X) | $44,504 | $0 | $9,900 | |||
| SHAWN MARTINEZ | |||||||||
| DIRECTOR | 13.80 | 0.50 | Yes (X) | $39,132 | $0 | $0 | |||
| SYNDA SMITH | |||||||||
| DIRECTOR | 5.50 | 0.50 | Yes (X) | $35,465 | $0 | $0 | |||
| TIMOTHY J BURKHALTER | |||||||||
| DIRECTOR | 6.50 | 0.50 | Yes (X) | $34,289 | $0 | $0 | |||
| VICK CHRISTIAN | |||||||||
| DIRECTOR | 4.60 | 0.50 | Yes (X) | $32,348 | $0 | $0 | |||
| WILLIAM WHITTEN | |||||||||
| DIRECTOR | 3.90 | 0.50 | Yes (X) | $32,798 | $0 | $0 | |||
| ZAC PERKINS | |||||||||
| DIRECTOR | 6.40 | 0.50 | Yes (X) | $36,094 | $0 | $0 | |||
| KARI HOLLANDSWORTH | |||||||||
| PRESIDENT & CEO | 45.00 | 0.30 | $840,114 | $0 | $557,319 | Yes (X) | |||
| JAMES GUY | |||||||||
| GENERAL COUNSEL | 46.00 | 0.20 | $370,639 | $0 | $139,449 | Yes (X) | |||
| ROBERT M LOWE | |||||||||
| CFO & ASSISTANT TREASURER | 37.00 | 3.00 | $359,984 | $0 | $141,906 | Yes (X) | |||
| WILLIAM HARRELSON | |||||||||
| GENERAL COUNSEL | 48.00 | $195,541 | $0 | $104,045 | Yes (X) | ||||
| JOHN EICHELMANN | |||||||||
| VP - MEMBER SVCS & POWER DELIVERY | 45.00 | $363,648 | $0 | $132,118 | Yes (X) | ||||
| MATTHEW MOORE | |||||||||
| VP - COMMERICAL & ASSETS OPS | 45.00 | 0.00 | $333,261 | $0 | $165,980 | Yes (X) | |||
| MICHAEL WISE | |||||||||
| SENIOR VP - REG/MKT STRATEGY | 50.00 | 1.00 | $370,609 | $0 | $177,046 | Yes (X) | |||
| STEPHEN CROSS | |||||||||
| DIR - POWER SUPPLY | 40.00 | $330,095 | $0 | $146,815 | Yes (X) | ||||
| NATASHA HENDERSON | |||||||||
| DIR - COMPLIANCE MKT/REG AFFAIRS | 46.00 | 1.00 | $284,844 | $0 | $111,202 | Yes (X) | |||
| ROBERT MCMINN | |||||||||
| DIR - POWER DELIVERY | 42.00 | $245,860 | $0 | $151,434 | Yes (X) | ||||
| CLIFTON USLETON | |||||||||
| EXECUTIVE IT DIRECTOR | 45.00 | 2.00 | $237,468 | $0 | $91,147 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $5,129,033 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,946,411 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 68 | 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 |
|---|---|---|---|---|---|
| GENERAL ELECTRIC INTERNATIONAL | |||||
| 4200 WILDWOOD PARKWAY | ATLANTA | GA | 30339 | CONSTRUCTION & MATERIAL | $18,347,964 |
| NRG ENERGY SERVICES LLC | |||||
| 804 CARNEGIE CENTER | PRINCETON | NJ | 085406213 | CONSTRUCTION & MATERIAL | $12,363,498 |
| WARTSILA NORTH AMERICA INC | |||||
| 11710 N GESSNER ROAD SUITE A | HOUSTON | TX | 77064 | MAINTENANCE & MATERIAL | $9,295,351 |
| ACES POWER MARKETING LLC | |||||
| 4140 WEST 99TH STREET | CARMEL | IN | 460327731 | PURCHASE POWER SERVICES | $4,151,453 |
| SIEMENS ENERGY INC | |||||
| DEPT CH 10075 | PALATINE | IL | 600550075 | MAINTENANCE & MATERIAL | $3,852,273 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 60 | 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 |
|---|---|---|---|
| WHOLESALE POWER | 221000 | $750,690,867 | $750,690,867 |
| TRANSMISSION ACCESS & OTHER REV. | 221000 | $15,651,311 | $15,651,311 |
| PATRONAGE DIVIDENDS | 221000 | $1,183,282 | $1,183,282 |
| OTHER PROGRAM REVENUE | 221000 | $17,063 | $17,063 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $767,542,523 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,970,033 | TotalRevenueColumnAmt |
| Exclusion | $4,970,033 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $841,567 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,015,848 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$174,281 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$174,281 | TotalRevenueColumnAmt |
| Exclusion | -$174,281 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $772,338,275 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $767,542,523 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,795,752 | 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 | $253,778 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,411,539 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,928,923 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,663,961 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,818,473 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,647,240 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,835,282 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,154,856 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,619,468 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $248,989,036 |
| FUEL EXPENSE | $202,924,338 |
| TRANSMISSION EXPENSE | $82,903,824 |
| PLANT OPERATIONS & MAIN | $64,324,209 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,028,646 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $760,503,573 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,014,488 | BOYAmt |
| EOY | $3,691,549 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $169,913,885 | BOYAmt |
| EOY | $211,966,231 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,160,647 | BOYAmt |
| EOY | $33,929,006 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,484,888 | BOYAmt |
| EOY | $44,519,635 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $183,970,015 | BOYAmt |
| EOY | $176,120,909 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,149,672,800 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $386,336,207 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $779,062,725 | BOYAmt |
| EOY | $763,336,593 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,621,779 | BOYAmt |
| EOY | $38,276,262 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,970,685 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,251,228,427 | BOYAmt |
| EOY | $1,273,810,870 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,422,402 | BOYAmt |
| EOY | $86,443,380 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $643,826,555 | BOYAmt |
| EOY | $611,248,946 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,204,904 | BOYAmt |
| EOY | $12,010,109 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,069,211 | BOYAmt |
| EOY | $97,622,658 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $788,523,072 | BOYAmt |
| EOY | $807,325,093 | 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 | $9,773,525 | BOYAmt |
| EOY | $9,521,547 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $452,931,830 | BOYAmt |
| EOY | $456,964,230 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $462,705,355 | BOYAmt |
| EOY | $466,485,777 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,251,228,427 | BOYAmt |
| EOY | $1,273,810,870 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $11,834,702 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$8,054,280 | 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) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| 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 | $2,826,034 | OtherCostOrOtherBasisAmt |
| Book Value | $2,826,034 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $18,771,469 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $6,186,335 | DepreciationAmt |
| Book Value | $12,585,134 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,118,588,904 | OtherCostOrOtherBasisAmt |
| Depreciation | $380,149,872 | DepreciationAmt |
| Book Value | $738,439,032 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $1,685,594 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $7,800,799 | OtherCostOrOtherBasisAmt |
| Book Value | $9,486,393 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $763,336,593 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED CREDITS - SFA EXPENSE | $5,771,341 |
| REGULATORY LIABILITY - FERC APPROVED REVENUE DEFERRAL PLAN | $74,799,318 |
| REGULATORY LIABILITY - OTHER | $11,870,951 |
| ACCUMULATED PROVISION FOR 457B PLAN | $2,055,712 |
| LEASE LIABILITY - RIGHT OF USE | $1,970,685 |
| DEFERRED CREDITS - OTHER | $1,154,651 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $97,622,658 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | GOLDEN SPREAD'S WHOLLY-OWNED SUBSIDIARY, GSPWR, IS TAXABLE AS A C CORPORATION UNDER THE INTERNAL REVENUE CODE. GSEC PROPERTIES IS A SINGLE-MEMBER LLC AND IS A DISREGARDED ENTITY OF GOLDEN SPREAD FOR INCOME TAX PURPOSES. GOLDEN SPREAD HAS ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF GAAP. THE PRIMARY TAX POSITION OF GOLDEN SPREAD IS ITS FILING STATUS AS A TAX-EXEMPT ENTITY BASED ON THE ANNUAL 85% TEST DISCUSSED ABOVE. GOLDEN SPREAD HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THIS TAX POSITION WILL BE SUSTAINED, IN YEARS WHERE THE MEMBER INCOME REQUIREMENTS ARE MET, UPON EXEMPTION 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. FOR THE YEAR ENDED DECEMBER 31, 2020 GOLDEN SPREAD WAS TAX-EXEMPT. GOLDEN SPREAD DID NOT OWE INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2019 AS THE TAXABLE COOPERATIVE REPORTED UTILITY REVENUES AS PATRONAGE SOURCED INCOME. IF OFF-SYSTEM SALES WERE TREATED AS NONPATRONAGE, A TAXABLE LOSS WOULD BE REPORTED ALSO RESULTING IN NO TAX DUE. |
| PART IX: | THE AMOUNT OF OTHER ASSETS 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. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| OPPORTUNITY PLAN INC | ||||||||
| PO BOX 1035 | CANYON | TX | 79015 | 756020405 | 501(C)(3) | $17,250 | $0 | SCHOLARSHIPS |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY | ||||||||
| 77 MASSACHUSETTS AVE ROOM E19-411 | CAMBRIDGE | MA | 02139 | 042103594 | 501(C)(3) | $165,000 | $0 | RESEARCH SCHOLARSHIPS |
| AMARILLO AREA FOUNDATION | ||||||||
| 801 S FILLMORE SUITE 700 | AMARILLO | TX | 79101 | 750978220 | 501(C)(3) | $7,770 | $0 | TO ASSIST IN FUNDING CHARITABLE ORGANIZATIONS AND PROGRAMS SUPPORTED BY THE FOUNDATION |
| CITY CENTER OF AMARILLO INC | ||||||||
| 1000 S POLK ST | AMARILLO | TX | 79101 | 752548311 | 501(C)(3) | $5,500 | $0 | SPONSORSHIP FOR HIGH NOON ON THE SQUARE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 4 | Total501c3OrgCnt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KARI HOLLANDSWORTH | ||||||||||||||
| PRESIDENT & CEO | $778,401 | $0 | $48,463 | $0 | $13,250 | $0 | $520,596 | $0 | $36,723 | $0 | $1,397,433 | $0 | $0 | $0 |
| MICHAEL WISE | ||||||||||||||
| SENIOR VP - REG/MKT STRATEGY | $341,865 | $0 | $18,608 | $0 | $10,136 | $0 | $144,347 | $0 | $32,699 | $0 | $547,655 | $0 | $0 | $0 |
| JAMES GUY | ||||||||||||||
| GENERAL COUNSEL | $368,989 | $0 | $1,650 | $0 | $0 | $0 | $108,232 | $0 | $31,217 | $0 | $510,088 | $0 | $0 | $0 |
| ROBERT M LOWE | ||||||||||||||
| CFO & ASSISTANT TREASURER | $347,265 | $0 | $12,319 | $0 | $400 | $0 | $112,538 | $0 | $29,368 | $0 | $501,890 | $0 | $0 | $0 |
| MATTHEW MOORE | ||||||||||||||
| VP - COMMERICAL & ASSETS OPS | $312,938 | $0 | $9,823 | $0 | $10,500 | $0 | $133,408 | $0 | $32,572 | $0 | $499,241 | $0 | $0 | $0 |
| JOHN EICHELMANN | ||||||||||||||
| VP - MEMBER SVCS & POWER DELIVERY | $338,830 | $0 | $11,105 | $0 | $13,713 | $0 | $130,047 | $0 | $2,071 | $0 | $495,766 | $0 | $0 | $0 |
| STEPHEN CROSS | ||||||||||||||
| DIR - POWER SUPPLY | $300,418 | $0 | $19,427 | $0 | $10,250 | $0 | $115,675 | $0 | $31,140 | $0 | $476,910 | $0 | $0 | $0 |
| ROBERT MCMINN | ||||||||||||||
| DIR - POWER DELIVERY | $234,953 | $0 | $9,407 | $0 | $1,500 | $0 | $120,395 | $0 | $31,039 | $0 | $397,294 | $0 | $0 | $0 |
| NATASHA HENDERSON | ||||||||||||||
| DIR - COMPLIANCE MKT/REG AFFAIRS | $263,257 | $0 | $20,787 | $0 | $800 | $0 | $80,205 | $0 | $30,997 | $0 | $396,046 | $0 | $0 | $0 |
| CLIFTON USLETON | ||||||||||||||
| EXECUTIVE IT DIRECTOR | $200,775 | $0 | $6,143 | $0 | $30,550 | $0 | $58,855 | $0 | $32,292 | $0 | $328,615 | $0 | $0 | $0 |
| WILLIAM HARRELSON | ||||||||||||||
| GENERAL COUNSEL | $48,775 | $0 | $11,049 | $0 | $135,717 | $0 | $101,859 | $0 | $2,186 | $0 | $299,586 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | AIR TRAVEL IS OCCASIONALLY CHARTED IN ORDER FOR DIRECTORS TO ATTEND BOARD MEETINGS. SUCH CHARTERED FLIGHTS ARE BOOKED WHEN SIMILAR TO OR ADVANTAGEOUS COMPARED TO COMMERCIAL FLIGHTS OR MILEAGE DUE TO THE SIGNIFICANT TRAVEL REQUIREMENTS OF VARIOUS MEMBER COOPERATIVES IN REMOTE PARTS OF TEXAS. MULTIPLE DIRECTORS PARTICIPATE IN A SINGLE CHARTERED FLIGHT. ANNUAL DUES ARE PAID FOR OFFICERS TO A 501(C)(7) RESTAURANT CLUB LOCATED IN DOWNTOWN AMARILLO (THE AMARILLO CLUB). MEMBERSHIP PROVIDES A CONVENIENT BUSINESS ENVIRONMENT TO CONDUCT MEETINGS. PURSUANT TO POLICY, GYM MEMBERSHIP DUES ARE ALSO PAID AS PART OF A WELLNESS PLAN. DURING 2022, 1 INDIVIDUAL REPORTED ON FORM 990,PART VII, SECTION A (EICHELMANN) RECEIVED THIS BENEFIT FOR A TOTAL COST OF $1,963. TAX GROSS UP PAYMENTS ARE INCLUDED IN COMPENSATION. SUCH GROSS-UP PAYMENTS ARE FOR CLUB MEMBERSHIP DUES AND THE OCCASIONAL GIFT CARD. 5 EMPLOYEES REPORTED ON FORM 990, PART VII, SECTION (CROSS, EICHELMANN, HENDERSON, MOORE, USLETON) A RECEIVED THIS BENEFIT DURING 2022 FOR A TOTAL COST OF $720. |
| PART I, LINE 4B | KARI HOLLANDSWORTH PARTICIPATES IN A SEPARATE SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION (NQDC) PLAN, KNOWN AS THE EXECUTIVE BENEFIT RESTORATION PLAN. TOTAL BENEFITS ACCRUED UNDER THE PLAN WERE $352,139. NO AMOUNTS WERE VESTED AND PAID DURING THE YEAR. JAMES GUY PARTICIPATES IN THE EXECUTIVE BENEFIT RESTORATION PLAN NQDC. TOTAL BENEFITS VESTED, PAID AND INCLUDED AS W-2 WAGES DURING THE YEAR WAS $18,249. NO AMOUNTS WERE VESTED AND PAID DURING THE YEAR. JOHN EICHELMANN ALSO PARTICIPATED IN THE EXECUTIVE BENEFIT RESTORATION NQDC PLAN. TOTAL BENEFITS VESTED, PAID, AND INCLUDED AS W-2 WAGES DURING THE YEAR WAS $116. NO AMOUNTS WERE VESTED AND PAID DURING THE YEAR. |
| PART II, COLUMN C: | AMOUNTS REPORTED IN PART II, COLUMN C INCLUDE THE EMPLOYER CONTRIBUTION TO A 401(K) DEFINED CONTRIBUTION PLAN. THIS IS AN ACTUAL EXPENSE TO THE COOPERATIVE. ALSO INCLUDED IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. FOR A MULI-EMPLOYER PLAN, THIS REPORTS CHANGES IN THE BENEFITS EARNED BUT IS NOT REPRESENTATIVE OF THE ACTUAL EXPENSE TO THE COOPERATIVE. CONTRIBUTIONS TO A MULTI-EMPLOYER PLAN, RATHER THAN THE ACTUARIAL INCREASE, ARE EXPENSED BY THE COOPERATIVE. WITH RESPECT TO THE ACTUARIAL INCREASE, 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. 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. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GAIL EICHELMANN | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | FAMILY RELATIONSHIP - KEY EMPLOYEE (J. EICHELMANN) | RelationshipDescriptionTxt |
| Transaction | $147,742 | TransactionAmt |
| Transaction | EMPLOYMENT | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (15 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 19 - REVENUE LESS EXPENSES: | THE NET INCOME OF $11,834,702 IS PRIMARILY THE RESULT OF RECOVERING PRIOR YEAR PATRONAGES LOSSES FROM CURRENT YEAR PATRONAGE SOURCED NET MARGINS, WHICH WOULD OTHERWISE BE ALLOCABLE TO THE MEMBERS AS PATRONAGE CAPITAL. THIS RECOVERY IS CONSISTENT WITH TAX ACCOUNTING, BYLAWS OF THE COOPERATIVE AND RESOLUTIONS ADOPTED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE WHOLESALE ELECTRIC POWER AT COST ON A COOPERATIVE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION WAS FORMED BY ITS MEMBERS TO PROVIDE WHOLESALE POWER AND TRANSMISSION SERVICES AT COST ON A COOPERATIVES BASIS. EACH MEMBER IS ENTITLED TO APPOINT TWO INDIVIDUALS TO SERVE AS ITS VOTING REPRESENTATIVE ON THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION 5. EXPULSION OF ANOTHER MEMBER FOR CONDUCT DETRIMENTAL TO THE COOPERATIVE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM. PRIOR TO FILING, MANAGEMENT PROVIDES A DRAFT OF THE FORM 990 TO THE AUDIT COMMITTE OF THE BOARD FOR DISCUSSION AND REVIEW. ANY COMMENTS RECEIVED FROM THE BOARD ARE ADDRESSED PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, OFFICERS AND EMPLOYEES ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM. IF POLICIES NEED TO BE UPDATED, THEY ARE DRAFTED AND THEN REVIEWED WITH LEGAL COUNSEL BEFORE PRESENTATION TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. OFFICERS AND DIRECTORS SUBMIT FEDERAL ENERGY REGULATORY COMMISSION FORM 561 "ANNUAL REPORT OF INTERLOCKING POSITIONS". |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S PRESIDENT/CEO. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT TEXAS AND THE NATION. THE FORM 990 OF SIMILARLY SITUATED WHOLESALE POWER SUPPLY COOPERATIVES IS ALSO USED BY THE BOARD OF DIRECTORS TO ASSIST IN ESTABLISHING COMPENSATION FOR THE PRESIDENT & CEO. THE BOARD AND THE PRESIDENT/CEO USE A COMPENSATION SURVEY WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT TEXAS AND THE NATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE 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 COOPERATIVE PROVIDES A COPY OF THE AUDITED FINANCIAL STATEMENTS AND ACCOMPANYING FOOTNOTES TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. THE ANNUAL REPORT ARE ALSO LOCATED ON THE COOPERATIVE'S WEBSITE. |
| FORM 990, PART VII, COLUMN F: | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE 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 COOPERATIVE 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 OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION, LONGTERM DISABILITY, AND ACCIDENTAL DEATH & DISMEMBERMENT INSURANCE TO ALL EMPLOYEES, INCLUDING OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES, THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED IN PART VII, COLUMN (F) FOR THE OFFICERS AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLAN AND EMPLOYER PAID INSURANCE PREMIUMS. |
| FORM 990, PART VIII, LINE 2: | PATRONAGE DIVIDENDS RESULT FROM THE PAYMENT OF INTEREST TO 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 COOPERATIVE TO ITS MEMBERS. |
| 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 COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE WHOLESALE POWER 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 COOPERATIVE 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 COOPERATIVE'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 COOPERATIVE'S BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF WHOLESALE POWER FROM THE COOPERATIVE FOR THE 2022 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE 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. |
| PART IX, LINE 24(E) - OTHER EXPNESE | OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: CERTAIN CIVIC, POLITICAL & RELATED ACTIVITIES $ 134,124 OPERATING TAXES 5,833,878 OTHER OPERATING EXPENSES & REGULATORY ASSESSMENTS 15,438,282 GENERAL & ADMINISTRATIVE EXPENSES 22,622,362 TOTAL OTHER EXPENSES PER FORM 990, PART IX $44,028,646 |
| FORM 990, PART IX: | THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AND THE ACCOUNTING SYSTEM PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISION (FERC) FOR ELECTRIC UTILITIES. UNDER THE FERC APPROVED ACCOUNTING SYSTEM,THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH A UNIFORM SYSTEM OF ACCOUNTS (USOA) THAT IS DESIGNED FOR ELECTRIC UTILITIES AND REGULATORY REPORTING. THE USOA DOES NOT RECORD EXPENSES IN THE FUNCTIONAL 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 ITS ACCOUNTING SYSTEM. ALL OTHER EXPENSES OF THE COOPERATIVE ARE ON THE APPLICABLE LINE BASED ON THE FUNCTIONAL EXPENSE CATEGORIES REQUIRED BY THE USOA. |
| FORM 990, PART XI, LINE 9: | EQUITY METHOD INCOME(LOSS) OF WHOLLY-OWNED SUBSIDIARY 1,116,778. BOOK-TAX ADJUSTMENT: DEFERRED REVENUE PER FERC APPROVED PLAN -16,882,597. PATRONAGE CAPITAL ALLOCATED 21,411,539. PATRONAGE CAPITAL RETIRED -13,700,000. |
| 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. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GSEC PROPERTIES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 905 S FILLMORE ST SUITE 300 | AddressLine1Txt |
| City | AMARILLO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | OFFICE BUILDING RENTAL | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Total Income | $841,566 | TotalIncomeAmt |
| End Of Year Assets | $13,478,910 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOLDEN SPREAD ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOLDEN SPREAD PANHANDLE WIND RANCH LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 905 S FILLMORE ST SUITE 300 | AddressLine1Txt |
| City | AMARILLO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 263144595 | EIN |
| Primary Activities | WIND ENERGY PRODUCTION | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOLDEN SPREAD ELECTRIC COOPERATIVE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $14,205,439 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $92,230,544 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | 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 | 0 | 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 | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| GOLDEN SPREAD PANHANDLE WIND RANCH LLC | ||
| A | $1,999,389 | DEBT AMORTIZATION SCHEDULE |
| GOLDEN SPREAD PANHANDLE WIND RANCH LLC | ||
| R | $13,988,517 | PURCHASE POWER AGREEMENT |
| GOLDEN SPREAD PANHANDLE WIND RANCH LLC | ||
| O | $323,426 | DIRECT LABOR & OVERHEAD |
| GOLDEN SPREAD PANHANDLE WIND RANCH LLC | ||
| S | $3,965,253 | PRINCIPAL PAYMENTS |