2022-10-18T18:10:03-04:00 2021-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2021-01-01 840312816 SAN MIGUEL POWER ASSOCIATION INC SANM 9708647311 PO BOX 817 NUCLA CO 81424 BRADLEY ZAPORSKI CEO/GENERAL MANAGER 9708647311 2022-09-30 BRADLEY ZAPORSKI 999009999 THOMAS F HANCOCK CPA P00501575 9138311150 2022-10-18 2021 2022-09-23 18:48:47Z BRADLEY ZAPORSKI 33356572 false X WWW.SMPA.COM X 1938 CO ELECTRIC DISTRIBUTION COOPERATIVE 7 7 60 0 1503280 30094176 31745528 111478 95100 -10993 -1334 30194661 33342574 18000 65085 1595412 1662924 1588751 0 0 29662568 28645131 31343492 31894379 -1148831 1448195 94865692 92922592 49876706 46479751 44988986 46442841 WE ARE A NOT-FOR-PROFIT ELECTRICAL COOPERATIVE SERVING APPROXIMATELY 10,761 MEMBERS. false false SALE OF ELECTRIC POWER TO MEMBERS - 10,761 ACTIVE MEMBERS WERE PROVIDED POWER AT YEAR END AT A COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. false false false false false false false false false true false true false true true true false false false false false false false false false false true true true false false false false false false false false false false false false false false true 32 0 true 60 true false false false false false 32749440 827993 false false false X 7 7 false false false false true true false true true false false false true true true false true true true false X X LANCE LEHIGH 9708647311 170 W 10TH AVE NUCLA CO 81424 BRADLEY ZAPORSKI CEO/GENERAL 50.00 X 330882 0 117414 DUANE OLIVER MGR. OF OPER 45.00 X 144247 0 38706 DOUG TEA MGR. OF IT 45.00 X 134848 0 37719 JONATHAN SMITH JOURNEY LINE 45.00 X 126360 0 43285 JACOB CADWELL WORKING FORE 45.00 X 126738 0 28586 TRISTAN BARELA JOURNEY LINE 45.00 X 125093 0 28414 WILLIAM MERTZ CFO 50.00 X 119527 0 29131 LANCE LEHIGH CFO 50.00 X 39704 0 11447 DEBORAH COKES VICE SECRETA 15.00 X X 17250 0 0 WILLIAM FELICELLI PRESIDENT 20.00 X X 17100 0 0 KEVIN COONEY DIRECTOR 15.00 X 15000 0 0 TOBIN BROWN DIRECTOR 15.00 X 14550 0 0 DOYLENE GARVEY SECRETARY 20.00 X X 14550 0 0 DAVID ALEXANDER VICE PRESIDE 15.00 X X 14100 0 0 TERRY RHOADES DIRECTOR 15.00 X 14100 0 0 1254049 334702 24 true true false VM WEST LP 6635 ROLLING HILLS RD HOTCHKISS CO 81419 VEGETATION MGMT 4545868 ASPLUNDH TREE EXPERT LLC PO BOX 532729 ATLANTA GA 30353 TREE TRIMMING 605458 WESTERN LINE BUILDERS INC P O BOX 614 WELLS NV 89835 LINE BLDG CONTR 331521 NATIONAL INFORMATION SOLUTIONS COOP P O BOX 1147 MANDAN ND 58554 SOFTWARE PROVID 279172 ESC ENGINEERING 3540 JOHN F KENNEDY PARKWAY FORT COLLINS CO 80525 ENGINEERING SVC 208900 5 X 1503280 1503280 SALE OF ELECTRICITY 221000 31049587 31049587 CAPITAL CREDITS 221000 572526 572526 MISCELLANEOUS ELECTRIC 221000 123415 123415 31745528 109098 109098 13998 -13998 -13998 -13998 OTHER NON OPERATING REVENUE 900099 -1334 -1334 -1334 33342574 31730196 109098 X 47085 18000 1595412 606097 148658 833996 1233497 2600569 COST OF POWER 16506881 DISTRIBUTION EXPENSE 4146706 ADMIN & GENERAL 2684720 MEMBER SERVICEES 1472758 31894379 0 0 0 11253661 3694487 200479 3384329 3214621 1323124 1527076 232404 259814 99125242 34913837 59831889 64211405 18639806 20015189 94865692 92922592 4930925 6562297 950000 2053280 40515914 34946207 3479867 2917967 49876706 46479751 X 44988986 46442841 44988986 46442841 94865692 92922592 X 1448195 5660 X false true X true 731753 731753 6867208 3028954 3838254 91526281 31884883 59641398 64211405 INVESTMENTS IN ASSOC ORGANIZATIONS 17045000 C OTHER INVESTMENTS 2453280 C SUBORDINATED CERTIFICATES 514909 C NON-UTILITY PROPERTY 2000 C 20015189 CONSUMER DEPOSITS 2917967 2917967 X 31839294 31839294 1503280 1503280 33342574 30243882 30243882 1650497 1650497 31894379 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 false MONTROSE COMMUNITY FOUNDATION PO BOX 3020 MONTROSE CO 81402 841128761 10000 1 SCHOLARSHIPS 9 18000 SCHEDULE I, PAGE 1, PART I, LINE 2 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. X true false X X X false false false BRADLEY ZAPORSKI CEO/GENERAL MANAGER 330882 103683 13731 448296 DUANE OLIVER MGR. OF OPERATIONS 144247 17451 21255 182953 DOUG TEA MGR. OF IT 134848 16556 21163 172567 JONATHAN SMITH JOURNEY LINE TECH 126360 26512 16773 169645 JACOB CADWELL WORKING FOREMAN 126738 11813 16773 155324 TRISTAN BARELA JOURNEY LINE TACH 125093 11641 16773 153507 WILLIAM MERTZ CFO 119527 12489 16642 148658 SCHEDULE J, PAGE 1, PART I, LINE 1A HOUSING ALLOWANCE IS PROVIDED TO EMPLOYEES WHO ARE REQUIRED TO LIVE WITHIN SPECIFIC AREAS. 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.