2021-11-15T10:57:17-06:00 2020-12-31 BDO USA LLP 3601 C STREET STE 600 ANCHORAGE AK 99503 990 2020-01-01 920014079 Homer Electric Association Inc % SARAH LAMBE HOME 9072358551 3977 Lake Street Homer AK 996037680 Sarah Lambe DIRECTOR OF FINANCE 9072358551 2021-11-12 true Sarah Lambe 999009999 Nayyir Rawhani CPA P01772194 9072788878 2021-11-10 3 2020 2022-09-23 18:48:47Z Bradley P Janorschke 3977 Lake Street Homer AK 996037680 115952194 false X WWW.HOMERELECTRIC.COM X 1946 AK PROVIDE ELECTRICAL SERVICES TO OUR MEMBERS. 9 9 166 1 0 0 12000 9000 96814510 115567135 164199 112750 574997 259355 97565706 115948240 12000 9000 0 0 794446 856774 0 0 0 91279055 99945932 92085501 100811706 5480205 15136534 250933305 263518580 146350209 148547760 104583096 114970820 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 453,019,268 KWHS TO 32,513 CONSUMERS DURING 2020. 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 81 0 true 166 true false false false false false 104955575 10996619 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 Bradley P Janorschke General Manager 40.0 1.0 X 328481 0 163734 Mark Peery Director of System Engineering 40.0 0.0 X 230676 0 136798 Sheri Gower Dir of Administrative Services 40.0 0.0 X 213728 0 130768 Larry Jorgensen Dir of Power, Fuels & Dispatch 40.0 0.0 X 211720 0 125840 Jon Cress Director of Operations 40.0 0.0 X 207783 0 126747 Robert Day Bradley Project Manager 40.0 0.0 X 211612 0 122625 Emily Hutchison Director of Finance 40.0 1.0 X 213594 0 111265 David Thomas Vice President 1.5 1.0 X X 7850 0 0 Roy Champagne Director 1.0 0.5 X 6500 0 0 Erin McKittrick Secretary/Treasurer 2.0 1.5 X X 4700 0 0 Edward Oberts Deputy Secretary 1.0 0.5 X X 4250 0 0 Dan Chay President 4.0 2.0 X X 4050 0 0 David Carey Director 1.0 0.5 X 3900 0 0 Eugene Levine Director 1.0 0.5 X 3650 0 0 James Duffield II DIRECTOR 1.0 0.5 X 2450 0 0 Dan Furlong DIRECTOR 1.0 0.5 X 1250 0 0 Charles Rudstrom DIRECTOR 1.0 0.5 X 1100 0 0 Kelly Bookey Director 1.0 0.5 X 0 0 0 1657294 0 917777 92 false true false PERKINS COIE LLP 1201 THIRD AVENUE suite 4900 SEATTLE WA 98101 LEGAL 370379 BALDWIN BUTLER LLC 125 NORTH WILLOW STREET SUITE 100 KENAI AK 99611 LEGAL 263678 PATHFINDER AVIATION LLC 1936 MERRILL FIELD DRIVE ANCHORAGE AK 99501 CHARTER AIR 255847 B B LANDSCAPE 36239 GLACIER AVENUE WEST STERLING AK 99672 SNOWPLOWING 201611 ALASKA HARDY LLC DBA DUTCH 3800 STERLING HIGHWAY HOMER AK 99603 SNOWPLOWING 124343 5 9000 9000 ELECTRICAL SERVICE REVENUE 221000 104955575 104955575 CAPITAL CREDITS ALLOCATION 221000 10611560 10611560 115567135 112750 112750 0 0 252000 3954 248046 0 248046 248046 0 0 0 0 0 0 0 0 0 0 OTHER 221000 11309 11309 11309 115948240 115815181 124059 0 9000 0 0 856774 0 0 0 0 0 0 0 0 0 0 0 915963 44271 1441724 0 0 554572 0 0 162473 5328932 0 8218631 0 PURCHASED POWER COST 65367212 DISTRIBUTIONS - MAINTENANCE 6386029 ADMINISTRATION & GENERAL 3837700 CONSUMER ACCOUNTS 3526426 4161999 100811706 3600 3600 2733905 2227076 0 0 8604807 8235752 0 0 0 0 430003 358809 3988712 4197648 5064879 8564170 299630265 122664987 177338936 176965278 0 0 0 0 52644074 62877554 0 0 124389 88693 250933305 263518580 10297080 10929167 0 0 763133 655284 0 0 0 0 0 0 134035343 130923974 0 0 1254653 6039335 146350209 148547760 X 0 0 0 0 104583096 114970820 104583096 114970820 250933305 263518580 X 15136534 -4748810 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3169380 3169380 15768948 5911087 9857861 280691937 116753900 163938037 176965278 INVESTMENTS IN ASSOCIATED ORGS 62877554 F 62877554 0 PPP LOAN 4808473 CONSUMER DEPOSITS 1230862 6039335 X 115939240 115939240 9000 9000 115948240 100802706 100802706 9000 9000 100811706 FORM 990, SCHEDULE D, PART X, LINE 2D: 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 9 9000 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 328481 0 0 0 0 0 123833 0 39901 0 492215 0 0 0 Emily Hutchison Director of Finance 213594 0 0 0 0 0 92666 0 18599 0 324859 0 0 0 Mark Peery Director of System Engineering 230676 0 0 0 0 0 97549 0 39249 0 367474 0 0 0 Sheri Gower Dir of Administrative Services 213728 0 0 0 0 0 91843 0 38925 0 344496 0 0 0 Robert Day Bradley Project Manager 211612 0 0 0 0 0 83810 0 38815 0 334237 0 0 0 Larry Jorgensen Dir of Power, Fuels & Dispatch 211720 0 0 0 0 0 87022 0 38818 0 337560 0 0 0 Jon Cress Director of Operations 207783 0 0 0 0 0 87950 0 38797 0 334530 0 0 0 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 11: 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 (5,160,058) DONATED CAPITAL INCREASE 412,923 MEMBERSHIP DECREASE (1,675) TOTAL (4,748,810) ALASKA ELECTRIC AND ENERGY COOPERAT 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 Q 9323575 CASH PAYMENTS ALASKA ELECTRIC AND ENERGY COOP P 65113516 CASH PAYMENTS