HOLY CROSS ELECTRIC ASSOC INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- HOLY CROSS ELECTRIC ASSOC INC (EIN 84-0229176)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-10-07
- IRS object ID
- 201912809349300771
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-10-07T09:56:42-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 631035228 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jackson Thornton & Co PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 96 | AddressLine1Txt |
| City | Montgomery | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 361010096 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840229176 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Holy Cross Electric Association Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOLY | BusinessNameControlTxt |
| Phone | 9709455491 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 2150 | AddressLine1Txt |
| City | Glenwood Springs | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 816022150 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Bryan Hannegan | PersonNm |
| Person Title | President & CEO | PersonTitleTxt |
| Phone | 9709455491 | PhoneNum |
| Signature | 2019-09-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Patrick Cooper | PreparerPersonNm |
| PTIN | P00856177 | PTIN |
| Phone | 3348347660 | PhoneNum |
| Preparation | 2019-09-30 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 142.154.130.164 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-09-30 | IPDt |
| IP Tm | 13:15:32 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Bryan Hannegan | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 2150 | AddressLine1Txt |
| City | Glenwood Springs | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 816022150 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $131,835,071 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.holycross.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1939 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | Holy Cross Energy provides safe, reliable, affordable, and sustainable energy and services that improve the quality of life for our members and their communities. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 175 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $122,671,405 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $131,607,524 | CYProgramServiceRevenueAmt |
| PY Investment Income | $224,682 | PYInvestmentIncomeAmt |
| CY Investment Income | $177,475 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$34,311 | PYOtherRevenueAmt |
| CY Other Revenue | -$63,184 | CYOtherRevenueAmt |
| PY Total Revenue | $122,861,776 | PYTotalRevenueAmt |
| CY Total Revenue | $131,721,815 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $8,177,088 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $6,555,618 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $12,140,275 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,976,388 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $103,785,016 | PYOtherExpensesAmt |
| CY Other Expenses | $122,146,780 | CYOtherExpensesAmt |
| PY Total Expenses | $124,102,379 | PYTotalExpensesAmt |
| CY Total Expenses | $130,678,786 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,240,603 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,043,029 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $323,978,940 | TotalAssetsBOYAmt |
| Total Assets EOY | $321,113,134 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $208,279,982 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $201,017,872 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $115,698,958 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $120,095,262 | NetAssetsOrFundBalancesEOYAmt |
| Mission | Holy Cross Energy provides safe, reliable, affordable, and sustainable energy and services that improve the quality of life for our members and their communities. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | Holy Cross Energy is a cooperative corporation with 158 employees serving 43,500 active members. Holy Cross Energy proudly serves its members from major ski resorts in the Aspen and Vail areas as well as farms, ranches, and friendly rural communities that provide people and resources for the tourism and outdoor recreation industries. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 68 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 175 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Members And Shr Gross Income | $128,614,443 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $6,324,120 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Andrew Schiller | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9709455491 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3799 Highway 82 | AddressLine1Txt |
| City | Glenwood Springs | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81602 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Kristen Bertuglia | ||||||||
| Director | 5.00 | Yes (X) | $19,219 | $0 | $0 | |||
| Megan Gilman | ||||||||
| Director | 5.00 | Yes (X) | $28,410 | $0 | $0 | |||
| Robert Gardner | ||||||||
| Director | 5.00 | Yes (X) | $27,410 | $0 | $0 | |||
| Michael Glass | ||||||||
| Director | 5.00 | Yes (X) | $16,960 | $0 | $0 | |||
| Clem Kopf | ||||||||
| Director | 5.00 | Yes (X) | $20,910 | $0 | $0 | |||
| Dave Munk | ||||||||
| Director | 5.00 | Yes (X) | $34,560 | $0 | $0 | |||
| Adam Palmer | ||||||||
| Director | 5.00 | Yes (X) | $19,310 | $0 | $0 | |||
| Bryan Hannegan | ||||||||
| President & CEO | 45.00 | $454,770 | $0 | $97,594 | Yes (X) | |||
| Barry Croissant | ||||||||
| Manager, Purchasing & Facilities | 45.00 | $156,423 | $0 | $135,179 | Yes (X) | |||
| Bob Farmer | ||||||||
| VP Information Technology | 45.00 | $165,759 | $0 | $78,584 | Yes (X) | |||
| Wendell Goad | ||||||||
| Manager, Operations | 45.00 | $172,788 | $0 | $46,869 | Yes (X) | |||
| Kenneth Roberts | ||||||||
| Manager, System Operations | 45.00 | $156,848 | $0 | $94,777 | Yes (X) | |||
| Jenna Weatherred | ||||||||
| VP Member & Community Relations | 45.00 | $161,885 | $0 | $88,131 | Yes (X) | |||
| Rick Arnhold | ||||||||
| VP Eagle/ Vail District | 45.00 | $193,675 | $0 | $148,799 | Yes (X) | |||
| David Bleakley | ||||||||
| VP Engineering | 45.00 | $192,683 | $0 | $115,903 | Yes (X) | |||
| Diana Golis | ||||||||
| VP Power Supply & Contracts | 45.00 | $191,156 | $0 | $70,709 | Yes (X) | |||
| David C O'Neil | ||||||||
| VP Operations | 45.00 | $186,408 | $0 | $111,372 | Yes (X) | |||
| John Rowley | ||||||||
| VP Human Resources & Risk Management | 45.00 | $188,008 | $0 | $102,647 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,387,182 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,090,564 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 11 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Advanced Underground Construction LLC | |||||
| PO Box 67 | Glenwood Springs | CO | 81602 | Underground Boring Services | $1,692,205 |
| McCarter & English LLP | |||||
| Four Gateway Center 100 Mulberry S | Newark | NJ | 07102 | Legal Services | $521,299 |
| S & N Communications | |||||
| PO Box 603663 | Charlotte | NC | 28260 | Underground Locating Services | $276,086 |
| The Brattle Group Inc | |||||
| One Beacon Street Suite 2600 | Boston | MA | 02108 | Cost of Service Study Services | $249,750 |
| Ward Electric Company Inc | |||||
| 3690 Stagecoach Road | Longmont | CO | 80504 | Contract Construction | $196,192 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Electric Distribution | 221000 | $128,614,443 | $128,614,443 |
| Other Electric Revenue | 221000 | $1,906,825 | $1,906,825 |
| Capital Credits | 221000 | $928,296 | $928,296 |
| Rent from Electric Pro | 221000 | $157,960 | $157,960 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $131,607,524 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $177,475 | TotalRevenueColumnAmt |
| Exclusion | $177,475 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $45,859 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $113,256 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | -$67,397 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$67,397 | TotalRevenueColumnAmt |
| Exclusion | -$67,397 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous Revenue | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $4,213 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,213 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,213 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $131,721,815 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $131,611,737 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $110,078 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,555,618 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,976,388 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,936,587 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,511,295 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Cost of Power | $50,650,156 |
| Admin & General Expense | $11,145,782 |
| Dist Exp - Operations | $10,992,963 |
| Power Production Expens | $10,368,867 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,541,130 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $130,678,786 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,521,593 | BOYAmt |
| EOY | $6,910,848 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,617 | BOYAmt |
| EOY | $500,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,862,558 | BOYAmt |
| EOY | $11,991,689 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,707,225 | BOYAmt |
| EOY | $3,741,292 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,802,023 | BOYAmt |
| EOY | $1,887,846 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $428,815,486 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $149,308,704 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $282,592,766 | BOYAmt |
| EOY | $279,506,782 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,228,814 | BOYAmt |
| EOY | $9,613,304 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,163,344 | BOYAmt |
| EOY | $6,961,373 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $323,978,940 | BOYAmt |
| EOY | $321,113,134 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,418,596 | BOYAmt |
| EOY | $22,771,128 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,834,903 | BOYAmt |
| EOY | $12,588,858 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,026,483 | BOYAmt |
| EOY | $165,657,886 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $208,279,982 | BOYAmt |
| EOY | $201,017,872 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,464,693 | BOYAmt |
| EOY | $51,303,698 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,234,265 | BOYAmt |
| EOY | $68,791,564 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $115,698,958 | BOYAmt |
| EOY | $120,095,262 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $323,978,940 | BOYAmt |
| EOY | $321,113,134 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,043,029 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $3,353,275 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,810,972 | OtherCostOrOtherBasisAmt |
| Book Value | $3,810,972 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $60,315,042 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,903,324 | DepreciationAmt |
| Book Value | $50,411,718 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $364,689,472 | OtherCostOrOtherBasisAmt |
| Depreciation | $139,405,380 | DepreciationAmt |
| Book Value | $225,284,092 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $279,506,782 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X, Line 2: | An evaluation of whether or not it has any uncertain tax positions is determined on an annual basis by the Association. While the entity believes they have adequately provided for all tax positions, amounts asserted by taxing authorities could be different than the positions taken by the entity. The entity recognizes any interest and penalties assessed by taxing authorities in income tax expense and, with few exceptions, are no longer subject to federal, state, or local income tax examinations by tax authorities for years before 2015. |
| Part XI, Line 4b - Other Adjustments: | Reclassification of revenue/expense items from F/S |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bryan Hannegan | ||||||||||||||
| President & CEO | $454,770 | $0 | $0 | $0 | $0 | $0 | $58,952 | $0 | $38,642 | $0 | $552,364 | $0 | $0 | $0 |
| Barry Croissant | ||||||||||||||
| Manager, Purchasing & Facilities | $156,423 | $0 | $0 | $0 | $0 | $0 | $97,427 | $0 | $37,752 | $0 | $291,602 | $0 | $0 | $0 |
| Bob Farmer | ||||||||||||||
| VP Information Technology | $165,759 | $0 | $0 | $0 | $0 | $0 | $40,643 | $0 | $37,941 | $0 | $244,343 | $0 | $0 | $0 |
| Wendell Goad | ||||||||||||||
| Manager, Operations | $172,788 | $0 | $0 | $0 | $0 | $0 | $34,020 | $0 | $12,849 | $0 | $219,657 | $0 | $0 | $0 |
| Kenneth Roberts | ||||||||||||||
| Manager, System Operations | $156,848 | $0 | $0 | $0 | $0 | $0 | $69,332 | $0 | $25,445 | $0 | $251,625 | $0 | $0 | $0 |
| Jenna Weatherred | ||||||||||||||
| VP Member & Community Relations | $161,885 | $0 | $0 | $0 | $0 | $0 | $50,224 | $0 | $37,907 | $0 | $250,016 | $0 | $0 | $0 |
| Rick Arnhold | ||||||||||||||
| VP Eagle/ Vail District | $193,675 | $0 | $0 | $0 | $0 | $0 | $110,690 | $0 | $38,109 | $0 | $342,474 | $0 | $0 | $0 |
| David Bleakley | ||||||||||||||
| VP Engineering | $192,683 | $0 | $0 | $0 | $0 | $0 | $77,831 | $0 | $38,072 | $0 | $308,586 | $0 | $0 | $0 |
| Diana Golis | ||||||||||||||
| VP Power Supply & Contracts | $191,156 | $0 | $0 | $0 | $0 | $0 | $51,270 | $0 | $19,439 | $0 | $261,865 | $0 | $0 | $0 |
| David C O'Neil | ||||||||||||||
| VP Operations | $186,408 | $0 | $0 | $0 | $0 | $0 | $73,300 | $0 | $38,072 | $0 | $297,780 | $0 | $0 | $0 |
| John Rowley | ||||||||||||||
| VP Human Resources & Risk Management | $188,008 | $0 | $0 | $0 | $0 | $0 | $64,575 | $0 | $38,072 | $0 | $290,655 | $0 | $0 | $0 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Michael Glass | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | Manager of Alpine Bank, Vail CO | RelationshipDescriptionTxt |
| Transaction | $18,886 | TransactionAmt |
| Transaction | Director Fees | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | Holy Cross Electric Association is a member owned Cooperative. |
| Form 990, Part VI, Section A, line 7a | Members of Holy Cross Electric nominate and elect the Board of Directors. |
| Form 990, Part VI, Section A, line 7b | Mergers and/ or consolidations require approval by a 2/3 majority vote of the members. |
| Form 990, Part VI, Section A, line 8b | No committee has the authority to act for the Board of Directors. |
| Form 990, Part VI, Section B, line 11b | The Form 990 is reviewed by the Vice President of Finance, the CEO, and the Accounting Supervisor prior to submittal. The Board of Directors is also supplied with draft copies for review. |
| Form 990, Part VI, Section B, line 12c | Each Director must self certify annually that they do not have any conflicts of interest and are qualified to continue being a director. |
| Form 990, Part VI, Section B, line 15 | The CEO's compensation is set by the Board of Directors utilizing salary data for General Manager's statewide and nationally. Survey data is gathered through Mountain States Employers Council, CREA, plus other Cooperative surveys utilized to set compensation levels. |
| Form 990, Part VI, Section C, line 19 | Documents are available on the Holy Cross Energy website. All new consumers are sent a "Welcome letter" explaining where the documents can be found. |
| Form 990, Part IX, line 24e | Dist Exp - Maintenance 4,986,879. Customer Accounts Expense 3,903,202. Transmission Expense 3,115,885. Customer Service & Info Expense 2,535,164. |
| Form 990, Part IX, Line 4 | The instructions to the 2018 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 the net operating margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net operating margins assignable to the members for the calendar year ended December 31, 2018. For 2017, the Cooperative used margins retired rather than margins assigned. |
| Form 990, Part XI, line 9: | Net Operating Margins Assigned to Members 6,555,618. Retirement of Capital Credits -3,812,892. Other Changes 610,549. |
| Form 990, Part XII, Line 2 | Holy Cross Electric Association's financial statement year end differs from its tax year end. The cooperative receives audited financial statements on an annual basis for the year ended April 30th. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Holy Cross Round Up Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 2150 | AddressLine1Txt |
| City | Glenwood Springs | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 264059527 | EIN |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Controlled Organization | 0 | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Energy and Services Experts | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 2150 | AddressLine1Txt |
| City | Glenwood Springs | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81602 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841382092 | EIN |
| Primary Activities | Dormant | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Entity Type | C | EntityTypeTxt |
| Share Of EOY Assets | $8,648 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |