2022-10-20T15:45:07-05:00 2021-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2021-01-01 920007954 MATANUSKA ELECTRIC ASSOCIATION INC MATA 9077613231 163 E INDUSTRIAL WAY PALMER AK 99645 BILL KENDIG PRESIDENT 9077613231 2022-10-20 1 BILL KENDIG 999009999 WENDY CAMPOS P00448102 5032421447 2022-10-04 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X BILL KENDIG 163 E INDUSTRIAL WAY PALMER AK 99645 159633412 0 X WWW.MEA.COOP X 1941 AK ENERGY SALES TO 68,443 MEMBER CUSTOMERS. 7 7 246 19 0 0 0 0 156697788 159021015 293928 124039 483994 488358 157475710 159633412 22000 12000 12778968 12999541 1069123 1136711 0 0 0 143605619 145485160 157475710 159633412 0 0 637415638 634431622 464399975 450336570 173015663 184095052 TO PROVIDE SAFE RELIABLE ENERGY AT REASONABLE RATES WITH EXCEPTIONAL MEMBER SERVICE AND COMMITMENT TO THE COMMUNITY WE SERVE. 0 0 159633412 ENERGY SALES TO 68,443 MEMBER CUSTOMERS 159633412 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 512 0 1 246 1 0 0 0 0 0 155654185 4668769 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MATTHEW J REISTERER 9077613231 163 E INDUSTRIAL WAY PALMER AK 996456703 ANTHONY M IZZO CHIEF EXECUTIVE OFFICER 60.00 X 513148 0 305846 MATTHEW J REISTERER CHIEF FINANCIAL OFFICER 50.00 X 257104 0 321285 EDWARD M JENKIN CHIEF OPERATIONS OFFICER 54.00 X 264303 0 157807 DAVID W PEASE IN-HOUSE COUNSEL 45.00 X 223225 0 179365 DAVID W ROBY FOREMAN LINEMAN 59.00 X 242737 0 75582 WYATT A SCHMIEGE SUBFOREMAN LINEMAN 59.00 X 224991 0 56656 COREY K RANDALL SUBFOREMAN LINEMAN 58.00 X 221887 0 56128 DAN TUCKER DIRECTOR 6.00 X 12313 0 0 ROBERT DOYLE PRESIDENT 20.00 X X 9513 0 0 BILL KENDIG SECRETARY-TREASURER 4.00 X X 8089 0 0 CATHARINE KIT JONES DIRECTOR 2.00 X 7913 0 0 MARK MASTELLER DIRECTOR 3.00 X 7713 0 0 PETER BURCHELL VICE PRESIDENT 15.00 X X 7591 0 0 DAVID GLINES DIRECTOR THROUGH 5/10/21 20.00 X 5650 0 0 MARK HAMM DIRECTOR 6.00 X 4050 0 0 2010227 0 1152669 101 0 1 0 NORTHERN POWERLINE CONSTRUCTORS INC 7941 SANDLEWOOD PL ANCHORAGE AK 99507 ELECTRICAL CONSTRUCTION 5210417 ALASKA LINE BUILDERS LLC PO BOX 521405 BIG LAKE AK 99652 ELECTRICAL CONSTRUCTION 3911804 ELECTRIC POWER CONSTRUCTORS INC 3305 ARCTIC BLVD 201 ANCHORAGE AK 99503 ELECTRICAL CONSTRUCTION 1737838 CADENCE GENERAL LLC 700 E 46TH AVE ANCHORAGE AK 99503 ELECTRICAL CONSTRUCTION 1296833 ABB INC PO BOX 88868 CHICAGO IL 60695 ELECTRICAL CONSTRUCTION 1070964 33 ENERGY SALES 221000 155654185 155654185 PATRONAGE ALLOCATIONS 221000 1884798 1884798 OTHER ELECTRIC REVENUE 221000 1409436 1409436 TRANSMISSION REVENUE 221000 72596 72596 159021015 124039 124039 POLE RENTAL 900099 488358 488358 488358 159633412 159021015 0 612397 12000 12999541 1136711 19112867 23489826 COST OF POWER & PROD. 67710047 DISTR. OPS. & MAINT. 16339777 ADMIN. & GENERAL EXP. 11304495 7528148 159633412 5671 5368 16555000 10905000 11213312 11233376 14917656 16885362 5039983 5149193 818690271 258416779 559039775 560273492 19092402 17844262 11551839 12135569 637415638 634431622 15684258 10596670 437182703 427637485 11533014 12102415 464399975 450336570 X 0 0 160236695 171095511 12778968 12999541 173015663 184095052 637415638 634431622 X 0 11079389 X 0 1 X 1 0 818690271 258416779 560273492 560273492 CONSUMER DEPOSITS 3090585 OTHER CURRENT & ACCRUED LIABILITIES 4733763 DEFERRED CREDITS 2977210 MISC OP RESERVES/ACCUM OP PROVISIONS 1300857 12102415 X 159633412 0 159633412 0 159633412 146633871 0 146633871 12999541 12999541 159633412 PART X, LINE 2: (ASC 740 FOOTNOTE TEXT) - THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION FILES AN EXEMPT ORGANIZATION TAX RETURN IN THE US FEDERAL JURISDICTION. EFFECTIVE JANUARY 1, 2009 THE ASSOCIATION ADOPTED FASB ASC 740-10, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2021 AND 2020 THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS, AND NO PROVISION FOR INCOME TAXES, CONSISTENT WITH ITS TAX EXEMPT STATUS. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS PAID (ASSIGNABLE TO MEMBERS) 12,999,541. PART VI, INVESTMENTS - LAND, BUILDINGS, AND EQUIPMENT: COST ACCUM. DEPR. BOOK VALUE PRODUCTION PLANT 339,814,633 74,844,683 264,969,950 TRANSMISSION PLANT 91,131,850 22,797,881 68,333,969 DISTRIBUTION PLANT 340,390,442 143,326,743 197,063,699 GENERAL PLANT 32,764,711 17,447,472 15,317,239 COMPL. CONST NOT CLASS 2,894,148 2,894,148 ELECTRIC PLANT HELD 252,657 252,657 CONSTRUCTION WIP 11,441,830 11,441,830 TOTAL 818,690,271 258,416,779 560,273,492 1 SCHOLARSHIPS 3 12000 PART I, LINE 2: SCHOLARSHIP RECIPIENTS ARE SELECTED BY THE SCHOLARSHIP COMMITTEE BASED ON ESTABLISHED CRITERIA AND SCORING GUIDELINES, AND FUNDS ARE DISBURSED DIRECTLY TO THE EDUCATIONAL INSTITUTION UPON VERIFICATION OF ENROLLMENT. X X X X 0 0 0 ANTHONY M IZZO CHIEF EXECUTIVE OFFICER 452338 0 30000 0 30810 0 262458 0 44807 0 820413 0 0 0 MATTHEW J REISTERER CHIEF FINANCIAL OFFICER 238838 0 20000 0 -1734 0 275050 0 47482 0 579636 0 0 0 EDWARD M JENKIN CHIEF OPERATIONS OFFICER 238975 0 15000 0 10328 0 114099 0 44955 0 423357 0 0 0 DAVID W PEASE IN-HOUSE COUNSEL 186950 0 15000 0 21275 0 135157 0 45183 0 403565 0 0 0 DAVID W ROBY FOREMAN LINEMAN 239885 0 0 0 2852 0 49781 0 25800 0 318318 0 0 0 WYATT A SCHMIEGE SUBFOREMAN LINEMAN 222827 0 0 0 2164 0 30856 0 25800 0 281647 0 0 0 COREY K RANDALL SUBFOREMAN LINEMAN 209723 0 0 0 12164 0 30329 0 25800 0 278016 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, THAT ELECTS THE BOARD OF DIRECTORS TO REPRESENT THEM. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, THAT ELECTS THE BOARD OF DIRECTORS TO REPRESENT THEM. FORM 990, PART VI, SECTION A, LINE 7B THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, WHOSE AUTHORIZATION IS REQUIRED FOR THE ASSOCIATION TO SELL, LEASE, OR OTHERWISE DISPOSE OF ALL OR A SUBSTANTIAL PORTION OF THE ASSOCIATION'S PROPERTY, OR AUTHORIZE THE MERGER OR CONSOLIDATION OF THE ASSOCIATION WITH ANOTHER COOPERATIVE OR ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 WAS REVIEWED BY THE ASSOCIATION'S TAX ADVISOR, AND THEN REVIEWED WITH THE BOARD FINANCE COMMITTEE AND PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION BYLAWS AND MANAGEMENT POLICIES PROVIDE GUIDELINES FOR AVOIDING AND DISCLOSING POTENTIAL CONFLICTS OF INTEREST. THE AGENDA FOR EACH REGULAR MONTHLY MEETING OF THE BOARD OF DIRECTORS INCLUDES AN AGENDA ITEM FOR DIRECTOR DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER WAS BASED ON AN UPDATED EMPLOYMENT AGREEMENT AND COMPARABILITY DATA OF OTHER UTILITIES. THIS PROCESS WAS LAST UNDERTAKEN BY THE BOARD OF DIRECTORS IN 2021. FORM 990, PART VI, SECTION B, LINE 15B: BOARD OFFICERS, LIKE OTHER BOARD MEMBERS, DO NOT RECEIVE A SALARY, BUT ARE PAID A FIXED FEE FOR EACH DAY OF ATTENDANCE AT A MEETING OF THE BOARD. THE FEE IS DETERMINED ANNUALLY BASED ON THE AVERAGE FIXED FEE PAID TO BOARD MEMBERS OF OTHER NON-PROFIT ELECTRIC COOPERATIVES IN ALASKA SERVING MORE THAN 20,000 MEMBERS. THE PROCESS FOR DETERMINING THE COMPENSATION FOR A KEY EMPLOYEE OTHER THAN THE CHIEF EXECUTIVE OFFICER IS BASED ON PERFORMANCE EVALUATIONS BY THE CHIEF EXECUTIVE OFFICER. ADJUSTMENTS ARE MADE IN ACCORDANCE WITH BOARD POLICIES 102-2, DELEGATION OF AUTHORITY BY THE BOARD OF DIRECTORS TO THE GENERAL MANAGER, AND 302-1, NONREPRESENTED COMPENSATION PLAN. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION BYLAWS PROVIDE FOR THE MEMBERS ABILITY TO EXAMINE AND MAKE COPIES OF THE BOOKS AND RECORDS OF THE ASSOCIATION AT A REASONABLE TIME AND FOR A PROPER PURPOSE IN ACCORDANCE WITH ALASKA STATUTES. FORM 990, PART XI, LINE 9: INCREASE IN MEMBERSHIPS 4,347. INCREASE IN OTHER MARGINS & EQUITIES 378,503. PATRONAGE CAPITAL RETIRED -2,303,002. PATRONAGE DIVIDENDS PAID (ASSIGNABLE TO MEMBERS) 12,999,541. ALASKA ELECTRIC GENERATION & TRANSMISSION INC - CLASS B PO BOX 2929 PALMER AK 99645 920099222 G&T - COOPERATIVE AK N/A C 100 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0