2021-08-10T16:55:39-05:00 2020-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2020-01-01 920007954 MATANUSKA ELECTRIC ASSOCIATION INC MATA 9077613231 PO BOX 2929 PALMER AK 996452929 ROBERT DOYLE PRESIDENT 9077613231 2021-08-05 1 ROBERT DOYLE 999009999 WENDY CAMPOS P00448102 5032421447 2021-08-04 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ROBERT DOYLE PO BOX 2929 PALMER AK 996452929 157475710 0 X WWW.MEA.COOP X 1941 AK ENERGY SALES TO 67,167 MEMBER CUSTOMERS. 7 7 235 19 0 0 0 0 149596143 156697788 599656 293928 480364 483994 150676163 157475710 10500 22000 8230418 12778968 988877 1069123 0 0 0 141446368 143605619 150676163 157475710 0 0 635846812 637415638 474468885 464399975 161377927 173015663 TO PROVIDE SAFE RELIABLE ENERGY AT REASONABLE RATES WITH EXCEPTIONAL MEMBER SERVICE AND COMMITMENT TO THE COMMUNITY WE SERVE. 0 0 157475710 ENERGY SALES TO 67,167 MEMBER CUSTOMERS 157475710 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 1 1 1 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 589 0 1 235 1 0 0 0 0 0 153435219 3265305 0 0 0 X 7 7 0 0 1 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 DAVID GLINES PRIOR PRESIDENT 15.00 X X 10983 0 0 ROBERT DOYLE PRESIDENT 15.00 X X 8383 0 0 PETER BURCHELL VICE PRESIDENT 15.00 X X 8983 0 0 BILL KENDIG SECRETARY-TREASURER 4.00 X X 8683 0 0 MARK MASTELLER DIRECTOR 3.00 X 8083 0 0 CATHARINE KIT JONES DIRECTOR 2.00 X 7983 0 0 JANET KINCAID DIRECTOR 1.00 X 2900 0 0 DAN TUCKER DIRECTOR 4.00 X 2500 0 0 ANTHONY M IZZO CHIEF EXECUTIVE OFFICER 60.00 X 452721 0 244967 MATTHEW J REISTERER CHIEF FINANCIAL OFFICER 50.00 X 266498 0 258628 EDWARD M JENKIN CHIEF OPERATIONS OFFICER 58.00 X 273175 0 309700 DAVID W ROBY FOREMAN LINEMAN 67.00 X 290556 0 82578 WYATT A SCHMIEGE SUBFOREMAN LINEMAN 65.00 X 249315 0 55120 TONY G HARDWICK JOURNEYMAN LINEMAN 61.00 X 226583 0 63799 COREY K RANDALL SUBFOREMAN LINEMAN 60.00 X 227465 0 53817 2044811 0 1068609 95 0 1 0 ELECTRIC POWER CONSTRUCTORS INC 3305 ARCTIC BLVD 201 ANCHORAGE AK 99503 ELECTRICAL CONSTRUCTION 2909763 ALASKA LINE BUILDERS LLC PO BOX 521405 BIG LAKE AK 99652 ELECTRICAL CONSTRUCTION 2763020 ABB INC PO BOX 88868 CHICAGO IL 60695 ELECTRICAL CONSTRUCTION 1579009 ELECTRIC POWER SYSTEMS INC 3305 ARCTIC BLVD 201 ANCHORAGE AK 99503 ELECTRICAL CONSTRUCTION 956070 NORTHERN POWERLINE CONSTRUCTORS INC 7941 SANDLEWOOD PL ANCHORAGE AK 99507 ELECTRICAL CONSTRUCTION 913778 28 ENERGY SALES 221000 153435219 153435219 PATRONAGE ALLOCATIONS 221000 1783213 1783213 OTHER ELECTRIC REVENUE 221000 1392842 1392842 TRANSMISSION REVENUE 221000 86514 86514 156697788 293928 293928 POLE RENTAL 900099 483994 483994 483994 157475710 156697788 0 777922 9000 13000 12778968 1069123 19815438 23024719 COST OF POWER & PROD. 67165412 DISTR. OPS. & MAINT. 15783871 ADMIN. & GENERAL EXP. 10620536 7195643 157475710 5871 5671 16587500 16555000 11249402 11213312 12882763 14917656 4847018 5039983 798133172 239093397 560926542 559039775 18150458 19092402 11197258 11551839 635846812 637415638 11020485 15684258 449077046 437182703 14371354 11533014 474468885 464399975 X 0 0 153147509 160236695 8230418 12778968 161377927 173015663 635846812 637415638 X 0 11637736 X 0 1 X 1 0 798133172 239093397 559039775 559039775 CONSUMER DEPOSITS 3087475 OTHER CURRENT & ACCRUED LIABILITIES 4368576 DEFERRED CREDITS 2842743 MISC OP RESERVES/ACCUM OP PROVISIONS 1234220 11533014 X 157475710 0 157475710 0 157475710 144696742 0 144696742 12778968 12778968 157475710 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, 2020 AND 2019 THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS, AND NO PROVISION FOR INCOME TAXES, CONSISTENT WITH ITS TAX EXEMPT STATUS. PART VI, INVESTMENTS - LAND, BUILDINGS, AND EQUIPMENT: COST ACCUM. DEPR. BOOK VALUE PRODUCTION PLANT 339,795,992 64,054,059 275,741,933 TRANSMISSION PLANT 80,003,410 20,384,751 59,618,659 DISTRIBUTION PLANT 326,452,911 137,221,207 189,231,704 GENERAL PLANT 30,201,790 17,433,380 12,768,410 COMPL. CONST NOT CLASS 6,058,824 6,058,824 ELECTRIC PLANT HELD 252,657 252,657 CONSTRUCTION WIP 15,367,588 15,367,588 TOTAL 798,133,172 239,093,397 559,039,775 PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS PAID (ASSIGNABLE TO MEMBERS) 12,778,968. 1 MATANUSKA ELECTRIC ASSOCIATION CHARITABLE FOUNDATION PO BOX 2929 PALMER AK 99645 272680085 501(C)(3) 9000 CONFERENCE EXPENSES 1 SCHOLARSHIPS 3 13000 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 0 0 0 ANTHONY M IZZO CHIEF EXECUTIVE OFFICER 405810 0 30000 0 16911 0 201579 0 44875 0 699175 0 0 0 MATTHEW J REISTERER CHIEF FINANCIAL OFFICER 235472 0 20000 0 11026 0 213143 0 46747 0 526388 0 0 0 EDWARD M JENKIN CHIEF OPERATIONS OFFICER 235472 0 20000 0 17703 0 264536 0 46426 0 584137 0 0 0 DAVID W ROBY FOREMAN LINEMAN 287430 0 0 0 3126 0 56258 0 26320 0 373134 0 0 0 WYATT A SCHMIEGE SUBFOREMAN LINEMAN 246569 0 0 0 2746 0 28800 0 26320 0 304435 0 0 0 TONY G HARDWICK JOURNEYMAN LINEMAN 223840 0 0 0 2743 0 37479 0 26320 0 290382 0 0 0 COREY K RANDALL SUBFOREMAN LINEMAN 224978 0 0 0 2487 0 27497 0 26320 0 281282 0 0 0 JOSIAH MOFFITT SEE PART V 140094 SEE PART V 0 COREY RANDALL SEE PART V 227465 SEE PART V 0 PART IV, LINE 1(B) AND 2(B): FAMILY MEMBER OF JANET KINCAID, BOARD DIRECTOR THROUGH 5/11/2020 PART IV, LINE 1(D) AND 2(D): EMPLOYMENT COMPENSATION PER THE TERMS OF A COLLECTIVE BARGAINING AGREEMENT FORM 990, PART VI, SECTION A, LINE 4 IN THE APRIL 21, 2020 ELECTION BY THE MEMBERS, THE FOLLOWING BYLAW CHANGES WERE PASSED: PROPOSITION 1: BETTER ALLOCATE AT-LARGE ELECTION SEATS PROPOSITION 2: REDUCE TIME A CANDIDATE HAS TO WITHDRAW PROPOSITION 3: CLARIFIES REASONS FOR DIRECTOR REMOVAL BY THE BOARD OF DIRECTORS PROPOSITION 4: CLARIFIES PROCEDURES FOR MEMBERS TO SUBMIT A BYLAW AMENDMENT 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 2020. 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 6,010. INCREASE IN OTHER MARGINS & EQUITIES 334,448. PATRONAGE CAPITAL RETIRED -1,481,690. PATRONAGE DIVIDENDS PAID (ASSIGNABLE TO MEMBERS) 12,778,968. 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