SAN MIGUEL POWER ASSOCIATION INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- SAN MIGUEL POWER ASSOCIATION INC (EIN 84-0312816)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-10-18
- IRS object ID
- 202222919349300637
- Schema version
- 2021v4.0
- 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 | 2022-10-18T18:10:03-04:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 743040374 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KELSO LYNCH PC PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6700 SQUIBB RD STE 215 | AddressLine1Txt |
| City | MISSION | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 662023252 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840312816 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SAN MIGUEL POWER ASSOCIATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SANM | BusinessNameControlTxt |
| Phone | 9708647311 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 817 | AddressLine1Txt |
| City | NUCLA | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81424 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BRADLEY ZAPORSKI | PersonNm |
| Person Title | CEO/GENERAL MANAGER | PersonTitleTxt |
| Phone | 9708647311 | PhoneNum |
| Signature | 2022-09-30 | SignatureDt |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | BRADLEY | PersonFirstNm |
| Person Last | ZAPORSKI | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THOMAS F HANCOCK CPA | PreparerPersonNm |
| PTIN | P00501575 | PTIN |
| Phone | 9138311150 | PhoneNum |
| Preparation | 2022-10-18 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | BRADLEY ZAPORSKI | PrincipalOfficerNm |
| Gross Receipts | $33,356,572 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.SMPA.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | ELECTRIC DISTRIBUTION COOPERATIVE | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 60 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $1,503,280 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $30,094,176 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $31,745,528 | CYProgramServiceRevenueAmt |
| PY Investment Income | $111,478 | PYInvestmentIncomeAmt |
| CY Investment Income | $95,100 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$10,993 | PYOtherRevenueAmt |
| CY Other Revenue | -$1,334 | CYOtherRevenueAmt |
| PY Total Revenue | $30,194,661 | PYTotalRevenueAmt |
| CY Total Revenue | $33,342,574 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $18,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $65,085 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $1,595,412 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,662,924 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,588,751 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $29,662,568 | PYOtherExpensesAmt |
| CY Other Expenses | $28,645,131 | CYOtherExpensesAmt |
| PY Total Expenses | $31,343,492 | PYTotalExpensesAmt |
| CY Total Expenses | $31,894,379 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,148,831 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,448,195 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $94,865,692 | TotalAssetsBOYAmt |
| Total Assets EOY | $92,922,592 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $49,876,706 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $46,479,751 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $44,988,986 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $46,442,841 | NetAssetsOrFundBalancesEOYAmt |
| Mission | WE ARE A NOT-FOR-PROFIT ELECTRICAL COOPERATIVE SERVING APPROXIMATELY 10,761 MEMBERS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | SALE OF ELECTRIC POWER TO MEMBERS - 10,761 ACTIVE MEMBERS WERE PROVIDED POWER AT YEAR END AT A COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 32 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 60 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $32,749,440 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $827,993 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LANCE LEHIGH | PersonNm |
| Phone | 9708647311 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 170 W 10TH AVE | AddressLine1Txt |
| City | NUCLA | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81424 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| BRADLEY ZAPORSKI | ||||||||
| CEO/GENERAL | 50.00 | Yes (X) | $330,882 | $0 | $117,414 | |||
| DUANE OLIVER | ||||||||
| MGR. OF OPER | 45.00 | $144,247 | $0 | $38,706 | Yes (X) | |||
| DOUG TEA | ||||||||
| MGR. OF IT | 45.00 | $134,848 | $0 | $37,719 | Yes (X) | |||
| JONATHAN SMITH | ||||||||
| JOURNEY LINE | 45.00 | $126,360 | $0 | $43,285 | Yes (X) | |||
| JACOB CADWELL | ||||||||
| WORKING FORE | 45.00 | $126,738 | $0 | $28,586 | Yes (X) | |||
| TRISTAN BARELA | ||||||||
| JOURNEY LINE | 45.00 | $125,093 | $0 | $28,414 | Yes (X) | |||
| WILLIAM MERTZ | ||||||||
| CFO | 50.00 | $119,527 | $0 | $29,131 | Yes (X) | |||
| LANCE LEHIGH | ||||||||
| CFO | 50.00 | Yes (X) | $39,704 | $0 | $11,447 | |||
| DEBORAH COKES | ||||||||
| VICE SECRETA | 15.00 | Yes (X) | $17,250 | $0 | $0 | Yes (X) | ||
| WILLIAM FELICELLI | ||||||||
| PRESIDENT | 20.00 | Yes (X) | $17,100 | $0 | $0 | Yes (X) | ||
| KEVIN COONEY | ||||||||
| DIRECTOR | 15.00 | $15,000 | $0 | $0 | Yes (X) | |||
| TOBIN BROWN | ||||||||
| DIRECTOR | 15.00 | $14,550 | $0 | $0 | Yes (X) | |||
| DOYLENE GARVEY | ||||||||
| SECRETARY | 20.00 | Yes (X) | $14,550 | $0 | $0 | Yes (X) | ||
| DAVID ALEXANDER | ||||||||
| VICE PRESIDE | 15.00 | Yes (X) | $14,100 | $0 | $0 | Yes (X) | ||
| TERRY RHOADES | ||||||||
| DIRECTOR | 15.00 | $14,100 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,254,049 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $334,702 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 24 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| VM WEST LP | |||||
| 6635 ROLLING HILLS RD | HOTCHKISS | CO | 81419 | VEGETATION MGMT | $4,545,868 |
| ASPLUNDH TREE EXPERT LLC | |||||
| PO BOX 532729 | ATLANTA | GA | 30353 | TREE TRIMMING | $605,458 |
| WESTERN LINE BUILDERS INC | |||||
| P O BOX 614 | WELLS | NV | 89835 | LINE BLDG CONTR | $331,521 |
| NATIONAL INFORMATION SOLUTIONS COOP | |||||
| P O BOX 1147 | MANDAN | ND | 58554 | SOFTWARE PROVID | $279,172 |
| ESC ENGINEERING | |||||
| 3540 JOHN F KENNEDY PARKWAY | FORT COLLINS | CO | 80525 | ENGINEERING SVC | $208,900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Government Grants | $1,503,280 | GovernmentGrantsAmt |
| Total Contributions | $1,503,280 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALE OF ELECTRICITY | 221000 | $31,049,587 | $31,049,587 |
| CAPITAL CREDITS | 221000 | $572,526 | $572,526 |
| MISCELLANEOUS ELECTRIC | 221000 | $123,415 | $123,415 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $31,745,528 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $109,098 | TotalRevenueColumnAmt |
| Exclusion | $109,098 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $13,998 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$13,998 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$13,998 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$13,998 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER NON OPERATING REVENUE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | -$1,334 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$1,334 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$1,334 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $33,342,574 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $31,730,196 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $109,098 | 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 | $47,085 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,000 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,595,412 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $606,097 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $148,658 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $833,996 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,233,497 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,600,569 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $16,506,881 |
| DISTRIBUTION EXPENSE | $4,146,706 |
| ADMIN & GENERAL | $2,684,720 |
| MEMBER SERVICEES | $1,472,758 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,894,379 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,253,661 | BOYAmt |
| EOY | $3,694,487 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200,479 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,384,329 | BOYAmt |
| EOY | $3,214,621 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,323,124 | BOYAmt |
| EOY | $1,527,076 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $232,404 | BOYAmt |
| EOY | $259,814 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $99,125,242 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $34,913,837 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,831,889 | BOYAmt |
| EOY | $64,211,405 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,639,806 | BOYAmt |
| EOY | $20,015,189 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,865,692 | BOYAmt |
| EOY | $92,922,592 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,930,925 | BOYAmt |
| EOY | $6,562,297 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $950,000 | BOYAmt |
| EOY | $2,053,280 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,515,914 | BOYAmt |
| EOY | $34,946,207 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,479,867 | BOYAmt |
| EOY | $2,917,967 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,876,706 | BOYAmt |
| EOY | $46,479,751 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,988,986 | BOYAmt |
| EOY | $46,442,841 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,988,986 | BOYAmt |
| EOY | $46,442,841 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,865,692 | BOYAmt |
| EOY | $92,922,592 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,448,195 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $5,660 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $731,753 | OtherCostOrOtherBasisAmt |
| Book Value | $731,753 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,867,208 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,028,954 | DepreciationAmt |
| Book Value | $3,838,254 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $91,526,281 | OtherCostOrOtherBasisAmt |
| Depreciation | $31,884,883 | DepreciationAmt |
| Book Value | $59,641,398 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $64,211,405 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENTS IN ASSOC ORGANIZATIONS | $17,045,000 | C |
| OTHER INVESTMENTS | $2,453,280 | C |
| SUBORDINATED CERTIFICATES | $514,909 | C |
| NON-UTILITY PROPERTY | $2,000 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $20,015,189 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CONSUMER DEPOSITS | Desc |
| Amt | $2,917,967 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $2,917,967 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $31,839,294 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $31,839,294 | RevenueSubtotalAmt |
| Other Revenues Not Included | $1,503,280 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $1,503,280 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $33,342,574 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $30,243,882 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $30,243,882 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,650,497 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,650,497 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $31,894,379 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | AN EVALUATION OF WHETHER OR NOT IT HAS ANY UNCERTAIN TAX POSITIONS IS DETERMINED ON AN ANNUAL BASIS BY THE COOPERATIVE. WHILE THE COOPERATIVE BELIEVES IT HAS ADEQUATELY PROVIDED FOR ALL TAX POSITIONS, AMOUNTS ASSERTED BY TAXING AUTHORITIES COULD BE DIFFERENT THAN THE POSITIONS TAKEN BY THE COOPERATIVE. THE COOPERATIVE RECOGNIZES ANY INTEREST AND PENALTIES ASSESSED BY TAXING AUTHORITIES IN INCOME TAX EXPENSE, AND WITH FEW EXCEPTIONS, IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2018. |
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | PPP LOAN FORGIVENESS 1,503,280 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | SCHOLARSHIPS AND DONATIONS 55,085 CURENT YEAR MARGINS ASSIGNED TO MEMBERS 1,595,412 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MONTROSE COMMUNITY FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3020 | AddressLine1Txt |
| City | MONTROSE | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81402 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 841128761 | RecipientEIN |
| Cash Grant | $10,000 | CashGrantAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 9 | RecipientCnt |
| Cash Grant | $18,000 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | DONATIONS ARE TRACKED BY REQUESTS, SUBMITTED TO THE BOARD FOR REVIEW, AND VOTED ON FOR ACCEPTANCE OR REJECTION ON A QUARTERLY BASIS. SCHOLARSHIPS ARE SUBMITTED AND VETTED THROUGH AN INDEPENDENT THIRD PARTY GROUP SEPARATE FROM THE BOARD AND STAFF. SCHOLARSHIP RECIPIENTS ARE SELECTED AND THE BOARD IS INFORMED OF THE SELECTIONS BY THE THIRD PARTY COMMITTEE ANNUALLY. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | false | SubstantiationRequiredInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| BRADLEY ZAPORSKI | ||||
| CEO/GENERAL MANAGER | $330,882 | $103,683 | $13,731 | $448,296 |
| DUANE OLIVER | ||||
| MGR. OF OPERATIONS | $144,247 | $17,451 | $21,255 | $182,953 |
| DOUG TEA | ||||
| MGR. OF IT | $134,848 | $16,556 | $21,163 | $172,567 |
| JONATHAN SMITH | ||||
| JOURNEY LINE TECH | $126,360 | $26,512 | $16,773 | $169,645 |
| JACOB CADWELL | ||||
| WORKING FOREMAN | $126,738 | $11,813 | $16,773 | $155,324 |
| TRISTAN BARELA | ||||
| JOURNEY LINE TACH | $125,093 | $11,641 | $16,773 | $153,507 |
| WILLIAM MERTZ | ||||
| CFO | $119,527 | $12,489 | $16,642 | $148,658 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PAGE 1, PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | HOUSING ALLOWANCE IS PROVIDED TO EMPLOYEES WHO ARE REQUIRED TO LIVE WITHIN SPECIFIC AREAS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | SAN MIGUEL POWER IS ORGANIZED AS A NOT-FOR-PROFIT COOPERATIVE. OUR CUSTOMERS ARE ALL MEMBERS OF THE COOPERATIVE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | OUR GOVERNING BOARD OF DIRECTORS ARE ALL SELECTED BY OUR MEMBERS TO SERVE A FOUR YEAR TERM. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE CFO. AFTER THE 990 IS FILED, IT IS PRESSENTED TO THE BOARD OF DIRECTORS FOR REVIEW. |
| FORM 990, PAGE 6, PART VI, LINE 12C | DIRECTORS ARE GIVEN IRS FORM 990 QUESTIONNARIE ANNUALLY WHICH ADDRESSES ANY POTENTIAL CONFLICTS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION FOR THE GENERAL MANAGER/CEO IS REVIEWED AND EVALUATED ANNUALY BY THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | FOR OTHER EMPLOYEES, THE BOARD OF DIRECTORS ESTABLISH OVERALL GUIDELINES FOR THE TOTAL COMPENSATION PACKAGE. THE CEO AND OTHER TOP MANAGEMENT THEN USE COMPARABLE DATA FROM OTHER ELECTRIC COOPERATIVES IN OUR STATE AND AROUND THE NATION TO ESTABLISH THE APPROPRIATE COMPENSATION FOR EACH JOB CLASSIFICATION. THE OVERALL COMPENSATION PACKAGE MUST REMAIN WITHIN THE GUIDELINES ESTABLISHED BY THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | OUR BYLAWS ARE AVAILABLE TO THE PUBLIC AT BOTH OFFICEES DURING REGULAR BUSINESS HOURS OR BY REQUEST. THE CONFLICT OF INTEREST POLICY IS INCLUDED IN OUR BYLAWS AND AVAILABLE AT BOTH OFFICES AND ON OUR WEBSITE. OUR MONTHLY FINANCIAL STATEMENTS ARE AVAILABLE AT EACH BOARD OF DIRECTORS MEETING, WHICH ARE OPEN TO THE PUBLIC TO ATTEND. IN ADDITION, OUR ANNUAL FINANCIAL STATEMENTS ARE PRESENTED TO THE MEMBERSHIP AS PART OF OUR ANNUAL MEETING OF THE MEMBERSHIP. ANNUAL FINANCIAL STATEMENTS ARE ALSO AVAILABLE TO THE PUBLIC AS PART OF OUR ANNUAL MEETING REPORT THAT IS POSTED ON OUR WEBSITE. |
| FORM 990, PART VIII | LINE 1E - PPP LOAN FORGIVENESS OF 1,503,280 |
| FORM 990, PART X | FORM 990, PART IX, LINE 4 THE INSTRUCTIONS TO THE 2021 FORM 990 INDICATE THAT ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(12) SHOULD REPORT "PATRONAGE DIVIDENDS PAID" TO THEIR MEMBERS IN PART IX, LINE 4 OF THE FORM 990. THE COOPERATIVE HAS INTERPRETED THE WORDS "PATRONAGE DIVIDENDS PAID" IN THE INSTRUCTIONS TO MEAN MARGINS THAT ARE ASSIGNED OR ASSIGNABLE TO THE MEMBERS. THE COOPERATIVE ASSIGNS NET MARGINS TO ITS MEMBERS EACH YEAR. THEREFORE, THE AMOUNT LISTED IN PART IX, LINE 4 REPRESENTS THE NET MARGINS ASSIGNABLE TO THE MEMBERS FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2021. |
| FORM 990, PART XI, LINE 9 | OTHER CHANGES 860,333 CY MARGINS ASSIGNED TO MEMBERS 1,595,412 SCHOLARSHIPS/DONATIONS - OFFSET EXPENSE ON PART IX 55,085 RETIREMENT OF CAPITAL CREDITS -1,001,890 PPP LOAN FORGIVENESS INCLUDED IN DEFERRED REVENUE -1,503,280 TOTAL 5,660 OUR BOARD OF DIRECTORS ELECTED TO DISTRIBUTE 18,000 IN SCHOLARSHIPS AND 37,085 IN DONATIONS FROM OUR RETAINED EARNINGS. PPP LOAN FORGIVENESS OF 1,503,280 WAS TAKEN TO THE DEFERRED LIABILITY ACCOUNT TO USE AS DEFERRED REVENUE IN FUTURE YEARS. PER THE IRS, THE PPP LOAN FORGIVENESS IS TO BE RECOGNIZED AS INCOME FOR TAX PURPOSES IN THE YEAR THE LOAN WAS FORGIVEN. |