2020-11-12T13:30:30-08:00 2019-12-31 990 2019-01-01 840235244 The Intermountain Rural Electric Association INTE 3036883100 5496 No U S Highway 85 Sedalia CO 80135 Patrick Mooney CEO 2020-11-12 2019 2022-01-07 14:23:13Z Patrick Mooney 5496 No U S Highway 85 Sedalia CO 80135 303566976 false X www.irea.coop X 1938 CO The Association was established as a Rural Electric Distribution Cooperative to provide electric utility service within its service territory. 7 7 262 0 0 301590623 303118135 418906 421841 18586 14900 302028115 303554876 0 30225609 30066549 28440073 29663675 0 0 243362433 243824652 302028115 303554876 0 1104130170 1128947537 768552110 780419075 335578060 348528462 The Association was established as a Rural Electric Distribution Cooperative to provide electric utility service within its service territory. false false 303554876 303554876 The Association distributed electricity to 161,814 active service locations in 11 Colorado counties. 303554876 false false true false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 506 0 true 262 true false false false false false 298771140 3882628 false false false X 7 7 false false false false true true true true true false false true true true true true true true true true false X X Dierdre P Jones CFO 3036883100 5496 No U S Highway 85 Sedalia CO 80135 Patrick Mooney CEO 40.00 0.00 X 536650 0 122724 Dierdre P Jones CFO 40.00 0.00 X 370959 0 118975 Pamela Feuerstein COO 40.00 0.00 X 368807 0 116129 Amanda Lesher CustomerSrv Dir 40.00 0.00 X 259865 0 71394 Mark Jurgemeyer Engineering Dir 40.00 0.00 234589 0 89236 Ian Fleming Corporate Services Manager 40.00 0.00 216183 0 88339 Alex Mendez Ops Director 40.00 0.00 195170 0 83849 Martha Lord Controller 40.00 0.00 183028 0 95188 Andrew Minter Transmission Dir 40.00 0.00 177461 0 78911 Amy Watson Corp Attorney 40.00 0.00 182856 0 63317 Timothy White Director 5.00 0.00 X X 50995 0 0 James T Anest Director 6.00 0.00 X 46168 0 0 Robert W Graf Director 9.00 0.00 X 36438 0 0 Bruff Shea Director 6.00 0.00 X X 33641 0 0 Eugene Sperry Director 5.00 0.00 X X 32438 0 0 James C Dozier Director 3.00 0.00 X X 26938 0 0 Michael Kempe Director 3.00 0.00 X 23804 0 0 2975990 928062 120 false true false Colorado Powerline Inc 5401 N Peterson Rd Sedalia CO 80112 Utility Construction 43287878 Itron Networked Solutions Inc 2111 Molter Road Liberty Lake WA 99019 Meter Supplier 13150717 Foothills Energy Services Inc PO Box 603 Franktown CO 80116 Engineering Consulting 4999039 Stanley Consultants Inc 8000 S Chester Street Centennial CO 80112 Engineering Consulting 4231577 Asplundh Tree Expert Co 1700 Solutions Center Chicago IL 60677 Vegetation Mgmt 4225239 70 0 All Other Program Service 221000 266371 266371 Distrib. of Electricity 221000 297122512 297122512 Joint Pole Revenue 900002 913208 913208 Other Service Revenues 221000 1642212 1642212 Patronage Capital Credits 221000 3173832 3173832 303118135 421841 421841 0 0 27000 12100 14900 14900 14900 0 0 0 0 0 303554876 302204927 1349949 0 0 0 30066549 3706342 0 16475259 3281364 4848048 1352662 0 107230 130098 77148 0 0 1319674 0 2330758 0 0 0 0 0 93238 41081184 0 47709757 653177 Gen/Purchased Power 121964046 Property,Franchise,&Income Tax 14108747 Maintenance Expenses 9213653 Operations & Customer Exps 4437602 598340 303554876 0 0 0 4580522 5041199 5477214 725363 0 34167845 33830914 0 0 0 5855728 5399565 14042020 13197659 1427303347 384893389 1012923021 1042409958 0 0 27051286 28310357 0 32534 32522 1104130170 1128947537 47265743 52453695 694846754 697604888 26439613 30360492 768552110 780419075 X 708165 724945 334869895 347803517 335578060 348528462 1104130170 1128947537 X 0 -3759056 16709458 X false true X true false 48825 48825 48825 true Better Colorado Alliance PO BOX 100033 Denver CO 80250 832505765 6500 Building Bridges for Colorado 7600 Landmark Way 805 Greenwood Village CO 80111 822179794 625 Care Membership Account LLC 5400 N Washington Street Denver CO 80216 743106451 10000 Coleman Leadership Fund 5389 Liverpool Street Denver CO 80249 822354771 625 Colo Assoc of Commerce & Industry 1600 Broadway 1000 Denver CO 80202 840174402 2000 Colorado Business PAC 1600 Broadway 1000 Denver CO 80202 841005921 575 Colorado Liberty Fund 2318 Curtis Street Denver CO 80205 460553144 625 Conservative Leadership PAC 2318 Curtis Street Denver CO 80205 455509270 625 CSG West 1107 9th Street 730 Sacramento CA 95814 366000818 2500 Dominik Moreno PAC 5821 Tichy Blvd Commerce City CO 80022 460762743 625 Fenberg Leadership Fund 1819 Walnut Street Boulder CO 80302 475597830 625 Friends for the Future PO BOX 7925 Colorado Springs CO 80933 832920503 1500 Garnett Leadership Fund 921 Clarkson Street Denver CO 80218 451234205 625 Hansen Leadership Fund 1177 Newport Street Denver CO 80220 813888671 625 Its All Our Business Colorado 1305 Krameria Street H Denver CO 80220 834140948 500 Leading Colorado Forward PO BOX 102766 Denver CO 80250 832522034 4000 Leroy Garcia Leadership Fund 41 Potero Drive Pueblo CO 81005 461416416 625 Lundeen Leadership Fund PO BOX 2127 Monument CO 80132 471873321 625 Patrick PAC PO BOX 1129 Golden CO 80402 822080348 625 Pro 15 629 Warner Street Fort Morgan CO 80701 841553762 750 Ranchers Cattlemen Action PO BOX 30715 Billings MT 59107 810518665 500 Rural Leadership PAC 2318 Curtis Street Denver CO 80205 460929140 625 Senate Majority Fund 2318 Curtis Street Denver CO 80205 451353357 7500 Values First Colorado 601 16th Street C 138 Golden CO 80401 814643054 5000 Part I-A, Line 1 - Direct and Indirect Political Campaign Activities Political Donations 25708694 25708694 78607379 14121928 64485451 1323190959 370975425 952215534 -203685 -203964 279 1042409958 ASSET RETIREMENT OBLIGATION 9566482 DEFERRED CREDITS 6021875 POST RETIREMENT BENEFITS & PENSION 13216843 REGULATORY LIABILITIES 1555292 30360492 303551979 303551979 2897 2897 303554876 273485430 273485430 30069446 30069446 303554876 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Net Rental Income $2897 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Benefits Paid to Members $30066549 Other Expenses $2897 X true true X X X X false false false Alex Mendez Ops Director 154027 15200 25943 64772 19077 279019 Amanda Lesher CustomerSrv Dir 204650 30100 25115 60281 11113 331259 Amy Watson Corp Attorney 156704 19050 7102 52492 10825 246173 Andrew Minter Transmission Dir 145513 10150 21798 50794 28117 256372 Dierdre P Jones CFO 296165 40050 34744 89341 29634 489934 Ian Fleming Corporate Services Manager 171317 25050 19816 59980 28359 304522 Mark Jurgemeyer Engineering Dir 193119 15050 26420 69818 19418 323825 Martha Lord Controller 147043 12550 23435 66084 29104 278216 Pamela Feuerstein COO 302165 40050 26592 87644 28485 484936 Patrick Mooney CEO 425337 75050 36263 107555 15169 659374 Part I, Line 1a: Relevant information in regards to selections on 1a. The Association provides up to $300 toward dues of a wellness program as a taxable benefit available to employees. Five of the above individuals are participating in this benefit. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The Cooperative was formed by the members to provide electric service at cost on a cooperative basis, as provided for in its bylaws. There is only one class of members. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body The Association is divided into 7 districts, and each district is represented by one Board Member (Director). Board Members are elected by their respective district members to staggered four-year terms. Elections are by mail ballot, but members may vote in person at the annual meeting. Form 990, Part VI, Line 11b: Form 990 Review Process The Form 990, including the related schedules, is completed internally by staff of the Association under the direction of the CFO, who in turn reviews the Governance, Management and Disclosure sections required by the Form 990 and presents a draft of the completed report to the CEO and Board of Directors for review. The return is then completed and filed. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Officers, directors, and key employees are required to disclose any conflicts of interest as events or circumstances giving rise to a conflict occur. The CEO reviews any potential conflicts that are brought to his attention and makes the determination for key employees. The Board of Directors reviews and makes determinations for the CEO and at the director level. Restrictions on persons with a conflict generally result in removing the person from decision making authority concerning the conflict and may, in the case of Directors, include mandatory abstention from voting on the related agenda item. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation of the CEO is evaluated and approved by the Board of Directors, in comparison with industry standards and other cooperatives. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Compensation for management employees, including salaries and benefits, is evaluated by Human Resources personnel under the direction of the CEO, using comparisons with industry standards, with other cooperatives, and in consideration of local employment and economic markets. The resulting recommendations are reviewed by the CEO and with the Board of Directors. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available The Bylaws of the Association,the Annual Report, and Board Minutes are available on the Association's web site at www.irea.coop. The Association's articles of incorporation are available on the Colorado Secretary of State's web site. Other Association documents, such as the Form 990,are available to the public upon request at the Association's headquarters office. Other Changes In Net Assets Or Fund Balances - Other Increases Benefits Paid to Members/Margin Allocation = $30066549 Other Changes In Net Assets Or Fund Balances - Other Increases Membership Fees = $16780 Other Changes In Net Assets Or Fund Balances - Other Decreases PCC Refund = -$16380437 Other Changes In Net Assets Or Fund Balances - Other Increases Unclaimed Capital Credits = $3006566 Form 990, Part IX, Line 4 - Statement of Financial Expenses The amount shown as Benefits paid to or for members represents the Patronage Capital for the year that the Cooperative credited to member capital accounts based on electric sales revenues in excess of operating costs and expenses. Form 990, Part VI, Line 16a - Gov, Mgt & Disc - Int in Joint Venture The Association entered into a joint ownership agreement for construction and operation of a 750 megawatt coal-fired electric power generation plant in Pueblo, Colorado known as Comanche III. The Association's total net investment is about $323,000,000 for its 25.333% ownership interest. Public Service Company of Colorado operates the plant. The parties share operating expenses and receive energy from the plant in proportion to their ownership interest. Comanche III has been in commercial operation since July 2010. Form 990, Part VI, Line 16b - Gov, Mgt & Disc - Int in Joint Venture The investment in Comanche III results in no receipt of revenue or profit from the plant. Rather, the Association receives energy. The Association does not participate in joint ventures or similar arrangements with taxable entities with the expectaion of receiving revenue or profits. Therefore, no written policy or procedure is necessary.