2022-11-14T12:52:56-06:00 2021-12-31 BDO USA LLP 3601 C STREET STE 600 ANCHORAGE AK 99503 990 2021-01-01 920014079 Homer Electric Association Inc % SARAH LAMBE HOME 9072358551 3977 Lake Street Homer AK 996037680 Sarah Lambe DIRECTOR OF FINANCE 9072358551 2022-11-10 true Sarah Lambe 999009999 Nayyir Rawhani CPA P01772194 9072788878 2022-11-01 2 2021 2022-09-23 18:48:47Z Bradley P Janorschke 3977 Lake Street Homer AK 996037680 113967382 false X WWW.HOMERELECTRIC.COM X 1946 AK PROVIDE ELECTRICAL SERVICES TO OUR MEMBERS. 9 9 162 0 0 9000 4871564 115567135 108733515 112750 96120 259355 266183 115948240 113967382 9000 10000 0 0 856774 1054702 0 0 0 99945932 103649198 100811706 104713900 15136534 9253482 263518580 266114703 148547760 143728288 114970820 122386415 TO SAFELY PROVIDE RELIABLE ELECTRICITY TO OUR MEMBERS AND OUR COMMUNITY THROUGH SUPERIOR CUSTOMER SERVICE AND INNOVATIVE ENERGY SOLUTIONS AT FAIR AND REASONABLE PRICES. false false HOMER ELECTRIC ASSOCIATION (HEA) OPERATES ON A COOPERATIVE BASIS AND IS IN COMPLIANCE WITH THE COOPERATIVE REQUIREMENTS. HEA PROVIDED A TOTAL OF 480,457,441 KWHS TO 32,956 CONSUMERS DURING 2021. false true false false false false false false false true false true false true true false true false false false false false false false false false false true true false false false false false false false false false false false true true true false true 87 0 true 162 true false false false false false 106400714 2705104 false false false X 9 9 false false false false true true false true true false false true true true true true true true true false X SARAH LAMBE 9072358551 3977 LAKE STREET HOMER AK 996037680 X Bradley P Janorschke General Manager 40.0 1.0 X 347106 0 162869 Sheri Gower Director of Administration 40.0 0.0 X 234205 0 132409 John Jungling Director of Cyber Security 40.0 0.0 X 232723 0 127450 Larry Jorgensen Dir of Power, Fuels & Dispatch 40.0 0.0 X 223057 0 127248 Robert Day Bradley Project Manager 40.0 0.0 X 228856 0 120277 Mikel Salzetti Manager of Fuel & Renew. Dev. 40.0 0.0 X 202539 0 119292 Emily Hutchison Director of Finance 40.0 1.0 X 155643 0 103674 Sarah Lambe Director of Finance 40.0 1.0 X 144696 0 90314 David Thomas Director to May/employee after 40.0 0.5 X 109671 0 20856 Dan Chay Director 2.0 0.5 X 16000 0 0 Erin McKittrick Vice President 2.0 0.5 X X 7150 0 0 Edward Oberts President 1.0 0.5 X X 5750 0 0 Jim Levine Deputy Secretary 1.0 0.5 X X 3950 0 0 Robert Wall Director 1.0 0.5 X 3600 0 0 Mike Chenault Director 1.0 0.5 X 3200 0 0 Charles Rudstrom Director 1.0 0.5 X 3100 0 0 James Duffield II Secretary/Treasurer 1.0 0.5 X X 2851 0 0 David Carey Director 1.0 0.5 X 1600 0 0 Roy Champagne Director 1.0 0.5 X 1350 0 0 Louie Flora Director 1.0 0.5 X 250 0 0 1927297 0 1004389 93 false true false Jay Brant General 460 Grubstake Avenue HOMER AK 99603 HVAC Upgrade 1132963 BALDWIN BUTLER LLC 125 NORTH WILLOW STREET SUITE 100 KENAI AK 99611 LEGAL 251253 J and V Drywall Plaster PO Box 298427 WASILLA AK 99629 Building Maintenance 238369 Pathfinder Aviation LLC 1936 Merrill Field Drive ANCHORAGE AK 99501 Charter Air 201190 Perkins Coie LLP 1201 Third Ave Ste 4900 SEATTLE WA 98101 Legal 181827 9 4861564 10000 4871564 ELECTRICAL SERVICE REVENUE 221000 106400714 106400714 CAPITAL CREDITS ALLOCATION 221000 2332801 2332801 108733515 96120 96120 0 0 252000 0 252000 0 252000 252000 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS REVENUE 900099 14183 14183 14183 113967382 108985515 110303 0 10000 0 0 1054702 0 0 0 0 0 0 0 0 0 0 0 588367 0 1659292 0 0 1030896 0 0 190855 4955051 0 8597065 0 PURCHASED POWER COST 66773723 DISTRIBUTION OPS & MAINT 8919050 ADMINISTRATIVE & GENERAL 4147823 CONSUMER ACCOUNTS & SALES 3940496 2846580 104713900 3600 3600 2227076 4378830 0 0 8235752 8087997 0 0 0 0 358809 357789 4197648 4429499 8564170 7692184 303305191 126351343 176965278 176953848 0 0 0 0 62877554 64157959 0 0 88693 52997 263518580 266114703 10929167 13134937 0 0 655284 624639 0 0 0 0 0 0 130923974 128624315 0 0 6039335 1344397 148547760 143728288 X 0 0 0 0 114970820 122386415 114970820 122386415 263518580 266114703 X 9253482 -1837887 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3171885 3171885 17383499 6083331 11300168 282749807 120268012 162481795 176953848 INVESTMENTS IN ASSOCIATED ORGS 64157959 F 64157959 0 CONSUMER DEPOSITS 1344397 1344397 X 113957382 113957382 10000 10000 113967382 104703900 104703900 10000 10000 104713900 FORM 990, SCHEDULE D, PART X, LINE 2: HEA IS EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. HEA APPLIES THE PROVISIONS OF TOPIC 740 OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. HEA ANNUALLY REVIEWS ITS TAX POSITIONS TAKEN IN ACCORDANCE WITH THE RECOGNITION STANDARDS. IT IS HEA MANAGEMENT'S OPINION THAT IT HAS NO UNCERTAIN TAX POSITIONS WHICH WOULD REQUIRE DISCLOSURE OR ADJUSTMENT IN THESE CONSOLIDATED FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 4B: GRANTS RECEIVED FOR SCHOLARSHIPS. FORM 990, SCHEDULE D, PART XII, LINE 4B: GRANTS GIVEN AS SCHOLARSHIPS. true SCHOLARSHIPS 10 10000 FORM 990, SCHEDULE I, PART I, LINE 2: THE MEMBER SERVICES SUPERVISOR MANAGES THE SCHOLARSHIP PROGRAM AND MAINTAINS A COPY OF THE BOARD RESOLUTION APPROVING THE AWARD WINNERS. SCHOLARSHIP FUNDS ARE DISBURSED THROUGH THE RECIPIENT'S CHOSEN SCHOOL UPON NOTIFICATION OF THE STUDENT'S REGISTRATION BY THE SCHOOL'S FINANCIAL AID OR REGISTRAR'S OFFICE. SCHOLARSHIP FUNDS MUST BE DISTRIBUTED EQUALLY BETWEEN SEMESTERS. FUNDS MAY BE USED FOR REGISTRATION, TUITION, BOOKS, ROOM, BOARD, AND ANY ASSOCIATED STUDENT ENROLLMENT FEES. FUNDS MAY NOT BE APPLIED TOWARD TRANSPORTATION. ANY FUNDS NOT USED BY THE RECIPIENT WITHIN TWO SEMESTERS OF INITIAL REGISTRATION WILL REVERT TO THE HEA SCHOLARSHIP TRUST. FORM 990, SCHEDULE I, PART III, LINE 1: THE OBJECTIVE OF THE SCHOLARSHIP PROGRAM IS TO PROVIDE FINANCIAL ASSISTANCE TO COOPERATIVE MEMBERS AND THEIR DEPENDENTS FOR POST HIGH SCHOOL EDUCATION AND/OR TECHNICAL TRAINING UNDER THE GUIDELINES OF THE ARECA EDUCATIONAL FOUNDATION AND HOMER ELECTRIC ASSOCIATION'S SCHOLARSHIP COMMITTEE. X X X false false false Bradley P Janorschke General Manager 347106 117218 45651 509975 Emily Hutchison Director of Finance 155643 88363 15311 259317 Sheri Gower Director of Administration 229205 5000 89672 42737 366614 Robert Day Bradley Project Manager 228856 78932 41345 349133 Larry Jorgensen Dir of Power, Fuels & Dispatch 223057 84965 42283 350305 Sarah Lambe Director of Finance 144696 51104 39210 235010 John Jungling Director of Cyber Security 227723 5000 84901 42549 360173 Mikel Salzetti Manager of Fuel & Renew. Dev. 202539 77796 41496 321831 FORM 990, PART VI, SECTION A, LINE 6: OUR MEMBERS CONSIST OF CUSTOMERS WITH ELECTRICAL SERVICE TO THEIR RESIDENCE OR BUSINESS. WE DO NOT HAVE ANY STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A: AMENDMENTS TO OUR BYLAWS AND ELECTION OF BOARD MEMBERS ARE THE ONLY ISSUES THAT ELIGIBLE MEMBERS MAY VOTE ON DURING OUR ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B: FINANCE STAFF REVIEWS THE FORM 990 IN DETAIL AFTER PREPARATION BY THE CPA FIRM. THEY COMPARE IT TO AUDITED FINANCIALS, ANNUAL REPORTS, GENERAL LEDGER ACCOUNTS, DETAILS FROM THE PREPARATION PACKAGE, AND PRIOR YEAR FILINGS. BOARD MEMBERS RECEIVE A COPY PRIOR TO FILING. STAFF FURTHER REVIEWS THE FORM WITH THE BOARD WHEN REQUESTED AND IS AVAILABLE FOR QUESTIONS. THE DIRECTOR OF FINANCE PROVIDES A FINAL REVIEW PRIOR TO SIGNING AND AUTHORIZING THE CPA FIRM TO FILE IT ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C: THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY BY REQUIRING QUARTERLY REVIEW OF ALL RELATED PARTY TRANSACTIONS BY THE BOARD FINANCE COMMITTEE PER BOARD POLICIES #723 AND #104. THE GENERAL MANAGER OBTAINS DISCLOSURES FROM AFFECTED EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15: THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S GENERAL MANAGER INCLUDES REVIEW AND APPROVAL BY THE BOARD, COMPLETE WITH EXTERNAL REVIEW OF THE COMPENSATION PROCESS BY AN INDEPENDENT CONSULTANT. THE PROCESS FOR DETERMINING COMPENSATION FOR OTHER KEY EMPLOYEES OF THE ORGANIZATION IS IN ACCORDANCE WITH COMPANY POLICIES. NON-BARGAINING WAGE AND SALARY RATES ARE DETERMINED BY ANNUAL PERFORMANCE APPRAISALS AND A REVIEW OF NATIONAL COMPARABILITY DATA PROVIDED BY NATIONAL RURAL ELECTRIC COOPERATIVES ASSOCIATION (NRECA) COMPENSATION PROGRAM. THE COMPENSATION PLAN IS UPDATED ANNUALLY USING AN INDEPENDENT ASSOCIATION TO ENSURE THAT THE COMPENSATION MID-POINT REMAINS CONSISTENT WITH THE MARKET VALUE WHICH IS DETERMINED BY THE NATIONAL SALARY SURVEY. ALL OTHER EMPLOYEES ARE COMPENSATED IN ACCORDANCE WITH COLLECTIVELY BARGAINED AGREEMENTS WITH THEIR RESPECTIVE UNIONS. THE HUMAN RESOURCE DEPARTEMENT REGULARLY CONDUCTS COMPREHENSIVE RE-EVALUATION OF POSITIONS ON THE MATRIX AND WRITTEN DOCUMENTATION IS MAINTAINED IN CONFIDENTIAL PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PUBLICLY AVAILABLE ON ITS WEBSITE. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: CAPITAL CREDITS RETIRED (2,421,290) DONATED CAPITAL INCREASE 585,113 MEMBERSHIP DECREASE (1,710) TOTAL (1,837,887) ALASKA ELECTRIC AND ENERGY COOP 3977 LAKE STREET HOMER AK 99603 920177236 ELECTRICAL AK 501(C)(12) N/A HEA true false false false false false false false false false false false false false true true true true false false ALASKA ELECTRIC AND ENERGY COOP P 66743394 CASH PAYMENTS ALASKA ELECTRIC AND ENERGY COOP Q 10045505 CASH PAYMENTS