2021-11-10T19:40:31-06:00 2020-12-31 743040374 KELSO LYNCH PC PA 6700 SQUIBB RD STE 215 MISSION KS 662023252 990 2020-01-01 840312816 SAN MIGUEL POWER ASSOCIATION INC SANM 9708647311 PO BOX 817 NUCLA CO 81424 BRADLEY ZAPORSKI CEO/GENERAL MANAGER 9708647311 2021-11-09 BRADLEY ZAPORSKI 999009999 THOMAS F HANCOCK CPA P00501575 9138311150 2021-11-10 2020 2022-09-23 18:48:47Z BRADLEY ZAPORSKI 30199526 false X WWW.SMPA.COM X 1938 CO ELECTRIC DISTRIBUTION COOPERATIVE 7 7 60 0 0 29781026 30094176 214240 111478 -16908 -10993 29978358 30194661 18000 0 7849769 1662924 0 0 21512376 29662568 29362145 31343492 616213 -1148831 87787244 94865692 41161505 49876706 46625739 44988986 WE ARE A NOT-FOR-PROFIT ELECTRICAL COOPERATIVE SERVING APPROXIMATELY 13,970 METERS. false false SALE OF ELECTRIC POWER TO MEMBERS - 13,972 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 false true true false false false false false false false false false false false false false false true 39 0 true 60 true false false false false false 29783866 740119 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 JOSHUA HAINEY 9708647311 170 W 10TH AVE NUCLA CO 81424 BRADLEY ZAPORSKI CEO/GENERAL 50.00 X 290727 0 167443 WILLIAM MERTZ CFO 50.00 X 158460 0 48182 JEFF SHEA WORKING FORE 45.00 X 121343 0 83601 KJ JOHNSON AREA SERVICE 45.00 X 117293 0 79119 DUANE OLIVER MGR. OF OPER 45.00 X 141479 0 38894 DOUG TEA MGR. OF IT 45.00 X 133056 0 37941 TRISTAN BARELA JOURNEY LINE 45.00 X 117055 0 25631 WILLIAM FELICELLI PRESIDENT 15.00 X X 17250 0 0 DEBORAH COKES VICE SECRETA 15.00 X X 17100 0 0 KEVIN COONEY DIRECTOR 15.00 X 15900 0 0 DOYLENE GARVEY SECRETARY 20.00 X X 14850 0 0 DAVID ALEXANDER VICE PRESIDE 15.00 X X 14400 0 0 TERRY RHOADES DIRECTOR 20.00 X 14400 0 0 TOBIN BROWN DIRECTOR 15.00 X 8800 0 0 1182113 480811 23 false true false ASPLUNDH TREE EXPERT LLC PO BOX 532729 ATLANTA GA 30353 TREE TRIMMING 514236 WESTERN COLORADO POWER INSTALL PO BOX 745 TELLURIDE CO 81435 PURCHASE POWER 355664 2 SALE OF ELECTRICITY 221000 29245799 29245799 CAPITAL CREDITS 221000 441666 441666 DEFERRED REVENUE 221000 300000 300000 MISCELLANEOUS ELECTRIC 221000 106711 106711 30094176 68535 68535 12767 12767 12767 12767 47808 4865 42943 42943 42943 OTHER NON OPERATING REVENUE 900099 -23760 -23760 -23760 30194661 30126126 68535 X 18000 767512 895412 1280226 2577642 COST OF POWER 16048453 DISTRIBUTION EXPENSE 4049529 ADMIN & GENERAL 2473953 IMPAIRMENT OF ASSETS 1829364 1403401 31343492 0 0 0 2378326 11253661 2056886 200479 2992324 3384329 1045668 1323124 494184 232404 92758627 32926738 60696961 59831889 18008207 18639806 114688 87787244 94865692 3759422 4930925 1250000 950000 32833778 40515914 3318305 3479867 41161505 49876706 X 46625739 44988986 46625739 44988986 87787244 94865692 X -1148831 -487922 X false true X true 731753 731753 6867208 2840248 4026960 85159666 30086490 55073176 59831889 INVESTMENTS IN ASSOC ORGANIZATIONS 17172897 C OTHER INVESTMENTS 950000 C SUBORDINATED CERTIFICATES 514909 C NON-UTILITY PROPERTY 2000 C 18639806 CONSUMER DEPOSITS 3479867 3479867 X 30194661 30194661 30194661 31325492 31325492 18000 18000 31343492 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 2017. SCHEDULE D, PAGE 4, PART XII, LINE 4B SCHOLARSHIPS 18,000 false SCHOLARSHIPS 9 18000 X true false X X X false false false BRADLEY ZAPORSKI CEO/GENERAL MANAGER 290727 153662 13781 458170 WILLIAM MERTZ CFO 158460 19800 28382 206642 JEFF SHEA WORKING FOREMAN 121343 67359 16242 204944 KJ JOHNSON AREA SERVICE TECH 117293 62970 16149 196412 DUANE OLIVER MGR. OF OPERATIONS 141479 17109 21785 180373 DOUG TEA MGR. OF IT 133056 16232 21709 170997 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 X FORM 990, PART IX, LINE 4 THE INSTRUCTIONS TO THE 2020 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, 2020. FORM 990, PART XI, LINE 9 OTHER CHANGES 12,078 RETIREMENT OF CAPITAL CREDITS -500,000 TOTAL -487,922 OUR BOARD OF DIRECTORS ELECTED TO DISTRIBUTE 18,000 IN SCHOLARSHIPS FROM OUR RETAINED EARNINGS.