VALLEY ELECTRIC ASSOCIATION INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- VALLEY ELECTRIC ASSOCIATION INC (EIN 88-0089964)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-13
- IRS object ID
- 202533179349309148
- Schema version
- 2024v5.2
- 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 | 2025-11-13T15:20:11-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 880089964 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALLEY ELECTRIC ASSOCIATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VALL | BusinessNameControlTxt |
| Phone | 7757275312 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 237 | AddressLine1Txt |
| City | PAHRUMP | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89041 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TERRI GEORGE | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 7757275312 | PhoneNum |
| Signature | 2025-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM M MILLER | PreparerPersonNm |
| PTIN | P00439459 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2025-11-12 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROBBY HAMLIN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 237 | AddressLine1Txt |
| City | PAHRUMP | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89041 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $102,095,850 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.VEA.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1965 | FormationYr |
| Legal Domicile State | NV | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC AND INTERNET SERVICE TO MEMBERS OF THE COOPERATIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 165 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $1,121,940 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $116,881,072 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $101,372,599 | CYProgramServiceRevenueAmt |
| PY Investment Income | $380,372 | PYInvestmentIncomeAmt |
| CY Investment Income | $450,868 | CYInvestmentIncomeAmt |
| PY Other Revenue | $348,969 | PYOtherRevenueAmt |
| CY Other Revenue | $189,471 | CYOtherRevenueAmt |
| PY Total Revenue | $117,610,413 | PYTotalRevenueAmt |
| CY Total Revenue | $102,012,938 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $159,241 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $169,205 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $5,406,850 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $17,378,423 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $18,639,379 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $84,734,237 | PYOtherExpensesAmt |
| CY Other Expenses | $77,823,536 | CYOtherExpensesAmt |
| PY Total Expenses | $102,271,901 | PYTotalExpensesAmt |
| CY Total Expenses | $102,038,970 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $15,338,512 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$26,032 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $331,754,040 | TotalAssetsBOYAmt |
| Total Assets EOY | $352,803,144 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $243,949,958 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $262,162,606 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $87,804,082 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $90,640,538 | NetAssetsOrFundBalancesEOYAmt |
| Mission | IMPROVING THE LIVES OF THE PEOPLE AND COMMUNITIES WE SERVE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 25,236 ACTIVE SERVICES AT YEAR END. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR TO THE MEMBERSHIP APPROVED BYLAW AMENDMENTS IN 2018, THE COOPERATIVE PROVIDED INTERNET/BROADBAND SERVICES TO ALL SUBSCRIBERS ON A NON-PATRONAGE AND UNRELATED BUSINESS INCOME BASIS. ONE OF THE MEMBERSHIP APPROVED BYLAW AMENDMENTS IS TO PROVIDE INTERNET/BROADBAND SERVICES TO MEMBERS ON A PATRONAGE, NONPROFIT BASIS. THEREFORE, THE COOPERATIVE HAS EXPANDED ITS EXEMPT PURPOSES TO INCLUDE THE PROVISION OF INTERNET/BROADBAND SERVICES TO MEMBERS ON A PATRONAGE BASIS. SUCH SERVICES CONTINUE TO BE PROVIDED TO NON-MEMBERS ON A NON-PATRONAGE BASIS. THERE WERE 11,092 ACTIVE SERVICES AT YEAR END. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SOLPOWER AND SOLPOWER CAPITAL (SOLPOWER) ARE WHOLLY OWNED SUBSIDIARIES OF VEA; SOLPOWER WAS FORMED IN 2020 TO PROVIDE SOLAR POWER SERVICES TO MEMBERS OF VEA. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | 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 |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| 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 | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | 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 | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | 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 | Yes (1) | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | 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 | 44 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 165 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $97,604,622 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $7,269,845 | 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 | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TERRI GEORGE CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7757275312 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 E HWY 372 | AddressLine1Txt |
| City | PAHRUMP | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89048 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (25 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| MICHELLE CAIRD | |||||||||
| PRESIDENT | 14.30 | 1.00 | Yes (X) | Yes (X) | $24,800 | $0 | $0 | ||
| KATHLEEN KEYES | |||||||||
| VICE-PRESIDENT | 13.80 | 1.00 | Yes (X) | Yes (X) | $20,600 | $0 | $0 | ||
| FRANK JARVIS | |||||||||
| SECRETARY | 10.00 | Yes (X) | Yes (X) | $20,400 | $0 | $0 | |||
| BRUCE HOLDEN | |||||||||
| DIRECTOR | 4.30 | Yes (X) | $21,200 | $0 | $0 | ||||
| MIKE COTTINGIM | |||||||||
| TREASURER | 12.00 | 1.00 | Yes (X) | Yes (X) | $21,800 | $0 | $0 | ||
| WILLIAM MCMAHAN | |||||||||
| DIRECTOR | 11.90 | Yes (X) | $21,700 | $0 | $0 | ||||
| MICHAEL KAUCKY | |||||||||
| DIRECTOR | 10.00 | 1.00 | Yes (X) | $20,400 | $0 | $0 | |||
| MARK STALLONS | |||||||||
| CEO | 50.00 | Yes (X) | $414,462 | $0 | $128,227 | ||||
| ROBBY HAMLIN | |||||||||
| CEO (DEC) | 50.00 | Yes (X) | $32,885 | $0 | $2,105 | ||||
| TERRI GEORGE | |||||||||
| CFO | 50.00 | Yes (X) | $257,316 | $0 | $82,154 | ||||
| FREDERICK WOLFF | |||||||||
| CFO (OCT-DEC) | 60.00 | Yes (X) | $66,462 | $0 | $5,135 | ||||
| LOGAN GERNET | |||||||||
| VP OPS, ENGINEERING & POWER SUPPLY | 48.00 | Yes (X) | $272,736 | $0 | $54,600 | ||||
| MATHEW KING | |||||||||
| VP MEMBER AND MANAGED SERVICES | 50.00 | Yes (X) | $200,304 | $0 | $56,886 | ||||
| GABRIEL DEGUZMAN | |||||||||
| DIR TRANSMISSION SERV & LOAD MNGMT | 50.00 | $227,834 | $0 | $58,501 | Yes (X) | ||||
| JEDIDIAH FERGUSON | |||||||||
| DIR TRANSMISSION OPERATIONS | 55.00 | $199,412 | $0 | $64,669 | Yes (X) | ||||
| TONI POWELL | |||||||||
| DIR ENGINEERING | 40.00 | $185,409 | $0 | $59,876 | Yes (X) | ||||
| JACK VENEZIO | |||||||||
| DIR NETWORK ENGINEERING & TELECOMMUNICATIONS | 45.00 | $185,676 | $0 | $96,436 | Yes (X) | ||||
| AARON LYNN | |||||||||
| MGR LINE OPERATIONS | 50.00 | $174,070 | $0 | $182,334 | Yes (X) | ||||
| AMY CARLSON | |||||||||
| DIR CORPORATE AFFAIRS AND COMMUNITY RELATIONS | 66.00 | $161,984 | $0 | $52,905 | Yes (X) | ||||
| JESSICA RENNEKER | |||||||||
| DIR HUMAN RESOURCES AND SAFETY | 50.00 | $160,076 | $0 | $52,223 | Yes (X) | ||||
| ROBERT BALL | |||||||||
| AREA FOREMAN | 51.00 | $215,890 | $0 | $43,171 | Yes (X) | ||||
| ERIK STUHAAN | |||||||||
| AREA FOREMAN | 50.00 | $212,179 | $0 | $61,117 | Yes (X) | ||||
| DILLON LEIPER | |||||||||
| AREA FOREMAN | 49.00 | $202,003 | $0 | $34,980 | Yes (X) | ||||
| LUIS MEZA | |||||||||
| AREA FOREMAN | 48.00 | $195,310 | $0 | $74,840 | Yes (X) | ||||
| KEVIN HARRINGTON | |||||||||
| JOURNEYMAN LINEMAN | 51.00 | $190,011 | $0 | $38,645 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,704,919 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,148,804 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 83 | 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 |
|---|---|---|---|---|---|
| ERVIN CABLE CONSTRUCTION LLC | |||||
| PO BOX 932157 | ATLANTA | GA | 31193 | FIBER CONSTRUCTION | $7,065,057 |
| MDR CONSTRUCTION | |||||
| 621 EAST BAYLIS CHAPEL RD | COLUMBIA | MS | 39429 | FIBER CONSTRUCTION | $3,477,386 |
| CONEXON | |||||
| 2001 GRAND BLVD STE 700 | KANSAS CITY | MO | 64108 | CONSULTANT - FIBER PROJECT | $1,998,364 |
| 3-D CONSTRUCTION LLC | |||||
| PO BOX 2390 | PAHRUMP | NV | 89041 | DIRT WORK | $830,875 |
| SUMMIT LINE CONSTRUCTION INC | |||||
| 441 W POWER LINE RD | HEBER CITY | UT | 84032 | CONSTRUCTION - ELECTRIC LINE | $647,607 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 17 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | $81,701,472 | $81,701,472 | |
| BROADBAND REVENUE | 517000 | $10,425,663 | $9,303,723 | $1,121,940 |
| WHEELING & TRANSMISSION REVENUE | 221000 | $8,126,746 | $8,126,746 | |
| PATRONAGE DIVIDENDS | 221000 | $1,003,185 | $1,003,185 | |
| SERVICE FEES | 221000 | $115,533 | $115,533 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $101,372,599 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $432,138 | TotalRevenueColumnAmt |
| Exclusion | $432,138 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $89,070 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $89,070 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $89,070 | TotalRevenueColumnAmt |
| Exclusion | $89,070 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $82,340 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $63,610 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $18,730 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,730 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $18,730 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $6,750 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $19,302 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$12,552 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$12,552 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | POLE ATTACHMENT INCOME | Desc |
| Business | 221000 | BusinessCd |
| Total Revenue Column | $112,953 | TotalRevenueColumnAmt |
| Exclusion | $112,953 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $112,953 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $102,012,938 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $100,256,837 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,121,940 | UnrelatedBusinessRevenueAmt |
| Exclusion | $634,161 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,955 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,250 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,406,850 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,585,577 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,805,301 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,237,483 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,132,361 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $878,657 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,882,129 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,945,714 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $33,838,561 |
| TRANSMISSION EXPENSE | $9,276,944 |
| DISTRIBUTION EXPENSE | $8,569,046 |
| ADMINISTRATIVE & GENERA | $2,828,568 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,482,574 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,038,970 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,818,374 | BOYAmt |
| EOY | $7,063,950 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,691,478 | BOYAmt |
| EOY | $4,218,806 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,246,714 | BOYAmt |
| EOY | $3,308,689 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,805,452 | BOYAmt |
| EOY | $6,658,808 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,237,263 | BOYAmt |
| EOY | $45,869,048 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $421,384,961 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $149,198,973 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $248,571,271 | BOYAmt |
| EOY | $272,185,988 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $364,940 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,249,992 | BOYAmt |
| EOY | $9,560,897 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,133,496 | BOYAmt |
| EOY | $3,572,018 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,754,040 | BOYAmt |
| EOY | $352,803,144 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,747,501 | BOYAmt |
| EOY | $10,153,674 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $223,141,352 | BOYAmt |
| EOY | $229,758,144 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,061,105 | BOYAmt |
| EOY | $22,250,788 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $243,949,958 | BOYAmt |
| EOY | $262,162,606 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,660 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,660,422 | BOYAmt |
| EOY | $90,640,538 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,804,082 | BOYAmt |
| EOY | $90,640,538 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $331,754,040 | BOYAmt |
| EOY | $352,803,144 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$26,032 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $2,862,488 | 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 | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $44,000 | PoliticalExpendituresAmt |
| Expended527 Activities | $44,000 | Expended527ActivitiesAmt |
| Internal Funds Contributed | $0 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $44,000 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp (17 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Paid Internal FundsPaidInternalFundsAmt |
|---|---|---|---|---|---|
| ASSEMBLY REPUBLICAN CAUCUS | |||||
| 1894 E WILLIAM STREET STE 4 471 | CARSON CITY | NV | 89701 | 854307920 | $5,500 |
| CAMPAIGN TO ELECT ROCHELLE NGUYEN | |||||
| PO BOX 26025 | LAS VEGAS | NV | 89126 | 832881476 | $1,000 |
| CARRIE BUCK FOR STATE SENATE 5 | |||||
| PO BOX 751271 | LAS VEGAS | NV | 89136 | 844339633 | $1,500 |
| COMMITTEE TO ELECT DALLAS HARRIS | |||||
| 8020 S RAINBOW BLVD STE 100 271 | LAS VEGAS | NV | 89139 | 832730935 | $2,500 |
| COMMITTEE TO ELECT HOWARD WATTS | |||||
| 1701 S 14TH STREET | LAS VEGAS | NV | 89104 | 824683201 | $2,500 |
| COMMITTEE TO ELECT JILL DICKMAN | |||||
| 1344 DISC DRIVE 201 | SPARKS | NV | 89436 | 471479372 | $1,500 |
| COMMITTEE TO ELECT MAX E CARTER II | |||||
| 181 CLAYTON ST | LAS VEGAS | NV | 89110 | 873618834 | $1,500 |
| COMMITTEE TO ELECT NICOLE CANNIZZARO | |||||
| 361 SOUBRETTE CT | LAS VEGAS | NV | 89145 | 474860402 | $3,000 |
| COMMITTEE TO ELECT PK O'NEILL | |||||
| 1216 SONOMA ST | CARSON CITY | NV | 89701 | 845135274 | $3,500 |
| COMMITTEE TO ELECT SANDRA JAUREGUI | |||||
| 7582 LAS VEGAS BLVD S 118 | LAS VEGAS | NV | 89123 | 475675506 | $2,000 |
| COMMITTEE TO ELECT STEVEN YEAGER | |||||
| 10120 W FLAMINGO RD SUITE 4162 | LAS VEGAS | NV | 89147 | 464680743 | $2,500 |
| COMMITTEE TO ELECT DANIELLE MONROE-MORENO | |||||
| 5575 SIMMONS 154 | NORTH LAS VEGAS | NV | 89031 | 473050235 | $2,500 |
| FRIENDS OF GREGORY T HAFEN II | |||||
| 5250 HAFEN RANCH RD | PAHRUMP | NV | 89061 | 832852831 | $3,000 |
| FRIENDS OF TOBY YUREK | |||||
| 815 SAN GABRIEL AVENUE | HENDERSON | NV | 89002 | 873948107 | $1,000 |
| NEVADA SENATE DEMOCRATS | |||||
| 2320 PASEO DEL PRADO STE B-107 | LAS VEGAS | NV | 89102 | 880316606 | $4,500 |
| DELONG FOR NEVADA | |||||
| 59 DAMONTE RANCH PARKWAY SUITE B54 | RENO | NV | 89521 | 874580366 | $1,000 |
| SENATE REPUBLICAN LEADERSHIP CONFERENCE | |||||
| PO BOX 377 | WELLINGTON | NV | 89444 | 880468043 | $5,000 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | CONTRIBUTIONS TO CANDIDATES RUNNING FOR STATE OFFICES WHO ARE SUPPORTERS OF ELECTRIC COOPERATIVES. | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,383,394 | OtherCostOrOtherBasisAmt |
| Book Value | $7,383,394 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $26,659,277 | OtherCostOrOtherBasisAmt |
| Depreciation | $10,254,247 | DepreciationAmt |
| Book Value | $16,405,030 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $334,488,620 | OtherCostOrOtherBasisAmt |
| Depreciation | $138,944,726 | DepreciationAmt |
| Book Value | $195,543,894 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $52,853,670 | OtherCostOrOtherBasisAmt |
| Book Value | $52,853,670 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $272,185,988 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| CONSUMER DEPOSITS | $1,201,723 |
| ACCUMULATED PROVISION FOR POST-RETIREMENT HEALTH BENEFITS | $1,315,297 |
| DEFERRED CREDITS | $8,427,265 |
| POWER COST ADJUSTMENT OVER COLLECTED | $11,111,782 |
| OTHER LIABILITIES | $194,721 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $22,250,788 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $102,012,938 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $102,012,938 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $102,012,938 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $96,632,121 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $96,632,121 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $5,406,850 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $5,406,850 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $102,038,971 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE ASSOCIATION FOLLOWS THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE ASSOCIATION IS ITS FILING STATUS AS A TAX EXEMPT COOPERATIVE IN THE YEARS IT QUALIFIES FOR EXEMPTION. IN THE YEARS IT DOES NOT QUALIFY FOR EXEMPTION, THE PRIMARY TAX POSITION OF THE ASSOCIATION IS THE EXCLUSION FROM TAXABLE INCOME FOR THE AMOUNT OF PATRONAGE CAPITAL ALLOCATED TO THE PATRONS. THE ASSOCIATION HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH FEDERAL TAXING AUTHORITIES. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | PATRONAGE CAPITAL ASSIGNED OR TO BE ASSIGNED 5,406,850. |
| PART VIII: | THE AMOUNT OF INVESTMENTS - PROGRAM RELATED ON FORM 990, PAGE 11, PART X, LINE 13 DOES NOT EQUAL OR EXCEED 5 PERCENT OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART VIII HAS BEEN LEFT BLANK. PART IX: THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5 PERCENT OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALLEY ELECTRIC CHARITABLE FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 E HIGHWAY 372 | AddressLine1Txt |
| City | PAHRUMP | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89041 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 263157116 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $7,791 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | DOLLY PARTON LIBRARY DONATION | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | Total501c3OrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SECONDARY EDUCATION SCHOLARSHIPS FOR COOPERATIVE MEMBERS AND/OR THEIR DEPENDENTS | GrantTypeTxt |
| Recipient | 25 | RecipientCnt |
| Cash Grant | $28,250 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | CONTINUING EDUCATION SCHOLARSHIPS WILL BE AWARDED ANNUALLY TO ASSIST QUALIFIED INDIVIDUALS IN FURTHERING THEIR EDUCATION. TO BE ELIGIBLE A CANDIDATE OR CANDIDATE'S PARENTS OR LEGAL GUARDIAN MUST BE AN ACTIVE MEMBER OF VALLEY ELECTRIC ASSOCIATION. APPLICANT MUST ENROLL OR BE ENROLLED AT AN ACCREDITED EDUCATIONAL OR TRAINING INSTITUTION. SCHOLARSHIPS WILL BE AWARDED BY THE VOLUNTEER SCHOLARSHIP COMMITTEE AND WILL BE BASED ON GRADE POINT AVERAGE, SCHOOL/COMMUNITY INVOLVEMENT, SUBMITTED 500 WORD ESSAY AND OTHER MISCELLANEOUS CRITERIA. FOR MORE INFORMATION REGARDING THE SCHOLARSHIPS VISIT WWW.VEA.COOP. |
| PART III: | ALL GRANTS, SPONSORSHIPS AND/OR DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| 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 (16 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARK STALLONS | ||||||||||||||
| CEO | $399,984 | $0 | $0 | $0 | $14,478 | $0 | $103,740 | $0 | $24,487 | $0 | $542,689 | $0 | $0 | $0 |
| AARON LYNN | ||||||||||||||
| MGR LINE OPERATIONS | $165,425 | $0 | $0 | $0 | $8,645 | $0 | $146,360 | $0 | $35,974 | $0 | $356,404 | $0 | $0 | $0 |
| TERRI GEORGE | ||||||||||||||
| CFO | $231,857 | $0 | $0 | $0 | $25,459 | $0 | $57,667 | $0 | $24,487 | $0 | $339,470 | $0 | $0 | $0 |
| LOGAN GERNET | ||||||||||||||
| VP OPS, ENGINEERING & POWER SUPPLY | $254,382 | $0 | $0 | $0 | $18,354 | $0 | $23,793 | $0 | $30,807 | $0 | $327,336 | $0 | $0 | $0 |
| GABRIEL DEGUZMAN | ||||||||||||||
| DIR TRANSMISSION SERV & LOAD MNGMT | $224,322 | $0 | $0 | $0 | $3,512 | $0 | $27,694 | $0 | $30,807 | $0 | $286,335 | $0 | $0 | $0 |
| JACK VENEZIO | ||||||||||||||
| DIR NETWORK ENGINEERING & TELECOMMUN | $170,997 | $0 | $0 | $0 | $14,679 | $0 | $60,462 | $0 | $35,974 | $0 | $282,112 | $0 | $0 | $0 |
| ERIK STUHAAN | ||||||||||||||
| AREA FOREMAN | $207,679 | $0 | $0 | $0 | $4,500 | $0 | $34,878 | $0 | $26,239 | $0 | $273,296 | $0 | $0 | $0 |
| LUIS MEZA | ||||||||||||||
| AREA FOREMAN | $188,506 | $0 | $0 | $0 | $6,804 | $0 | $38,866 | $0 | $35,974 | $0 | $270,150 | $0 | $0 | $0 |
| JEDIDIAH FERGUSON | ||||||||||||||
| DIR TRANSMISSION OPERATIONS | $181,454 | $0 | $0 | $0 | $17,958 | $0 | $33,862 | $0 | $30,807 | $0 | $264,081 | $0 | $0 | $0 |
| ROBERT BALL | ||||||||||||||
| AREA FOREMAN | $208,078 | $0 | $0 | $0 | $7,812 | $0 | $31,514 | $0 | $11,657 | $0 | $259,061 | $0 | $0 | $0 |
| MATHEW KING | ||||||||||||||
| VP MEMBER AND MANAGED SERVICES | $184,053 | $0 | $0 | $0 | $16,251 | $0 | $32,758 | $0 | $24,128 | $0 | $257,190 | $0 | $0 | $0 |
| TONI POWELL | ||||||||||||||
| DIR ENGINEERING | $182,589 | $0 | $0 | $0 | $2,820 | $0 | $29,069 | $0 | $30,807 | $0 | $245,285 | $0 | $0 | $0 |
| DILLON LEIPER | ||||||||||||||
| AREA FOREMAN | $198,848 | $0 | $0 | $0 | $3,155 | $0 | $10,852 | $0 | $24,128 | $0 | $236,983 | $0 | $0 | $0 |
| KEVIN HARRINGTON | ||||||||||||||
| JOURNEYMAN LINEMAN | $188,400 | $0 | $0 | $0 | $1,611 | $0 | $15,398 | $0 | $23,247 | $0 | $228,656 | $0 | $0 | $0 |
| AMY CARLSON | ||||||||||||||
| DIR CORPORATE AFFAIRS AND COMMUNITY | $147,051 | $0 | $0 | $0 | $14,933 | $0 | $22,098 | $0 | $30,807 | $0 | $214,889 | $0 | $0 | $0 |
| JESSICA RENNEKER | ||||||||||||||
| DIR HUMAN RESOURCES AND SAFETY | $157,865 | $0 | $0 | $0 | $2,211 | $0 | $21,416 | $0 | $30,807 | $0 | $212,299 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, COLUMN C: | FormAndLineReferenceDesc |
| Explanation | INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. MARK STALLONS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 101,240 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 103,740 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (101,240) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 155,561 EXPENSE TO THE COOPERATIVE $ 158,061 AARON LYNN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 143,860 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 146,360 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (143,860) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 73,993 EXPENSE TO THE COOPERATIVE $ 76,493 TERRI GEORGE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 55,167 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 57,667 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (55,167) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 105,004 EXPENSE TO THE COOPERATIVE $ 107,504 LOGAN GERNET: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 21,293 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 23,793 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (21,293) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 113,782 EXPENSE TO THE COOPERATIVE $ 116,282 GABRIEL DEGUZMAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 5,262 EMPLOYER CONTRIBUTION TO 401(K) PLAN 22,432 TOTAL REPORTED IN COLUMN C $ 27,694 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (5,262) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 28,928 EXPENSE TO THE COOPERATIVE $ 51,360 JACK VENEZIO: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 57,962 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 60,462 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (57,962) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 75,751 EXPENSE TO THE COOPERATIVE $ 78,251 ERIK STUHAAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 32,378 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 34,878 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (32,378) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 62,350 EXPENSE TO THE COOPERATIVE $ 64,850 LUIS MEZA: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 36,366 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 38,866 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (36,366) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 60,474 EXPENSE TO THE COOPERATIVE $ 62,974 JEDIDIAH FERGUSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 31,362 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 33,862 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (31,362) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 81,162 EXPENSE TO THE COOPERATIVE $ 83,662 ROBERT BALL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 29,014 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 31,514 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (29,014) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 68,602 EXPENSE TO THE COOPERATIVE $ 71,102 MATHEW KING: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 30,258 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 32,758 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (30,258) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 81,162 EXPENSE TO THE COOPERATIVE $ 83,662 TONI POWELL: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 10,810 EMPLOYER CONTRIBUTION TO 401(K) PLAN 18,259 TOTAL REPORTED IN COLUMN C $ 29,069 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (10,810) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,546 EXPENSE TO THE COOPERATIVE $ 41,805 DILLON LEIPER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 8,352 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 10,852 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (8,352) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 62,350 EXPENSE TO THE COOPERATIVE $ 64,850 KEVIN HARRINGTON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 3,403 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,995 TOTAL REPORTED IN COLUMN C $ 15,398 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (3,403) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 15,824 EXPENSE TO THE COOPERATIVE $ 27,819 AMY CARLSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 19,598 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,500 TOTAL REPORTED IN COLUMN C $ 22,098 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (19,598) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 66,733 EXPENSE TO THE COOPERATIVE $ 69,233 JESSICA RENNEKER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 5,340 EMPLOYER CONTRIBUTION TO 401(K) PLAN 16,076 TOTAL REPORTED IN COLUMN C $ 21,416 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (5,340) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,020 EXPENSE TO THE COOPERATIVE $ 36,096 | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| AMY CARLSON | |||
| FAMILY RELATIONSHIP (OFFICER - M. KING) | $161,984 | EMPLOYMENT | 0 |
| MATHEW KING | |||
| FAMILY RELATIONSHIP (KEY EMPLOYEE - A. CARLSON) | $200,304 | EMPLOYMENT | 0 |
| KRISTINA KING | |||
| FAMILY RELATIONSHIP (KEY EMPLOYEE - A. CARLSON & OFFICER - M. KING) | $67,843 | EMPLOYMENT | 0 |
| BRYCEN FOUST | |||
| FAMILY RELATIONSHIP (KEY EMPLOYEE - A. CARLSON) | $1,296 | INTERN | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, PART IV, LINE 27: | FormAndLineReferenceDesc |
| Explanation | CONTINUING EDUCATION SCHOLARSHIPS ARE AWARDED ANNUALLY TO ASSIST QUALIFIED INDIVIDUALS IN FURTHERING THEIR EDUCATION. TO BE ELIGIBLE A CANDIDATE OR CANDIDATE'S PARENTS OR LEGAL GUARDIAN MUST BE AN ACTIVE MEMBER OF VALLEY ELECTRIC ASSOCIATION. APPLICANT MUST ENROLL OR BE ENROLLED AT AN ACCREDITED EDUCATIONAL OR TRAINING INSTITUTION. SCHOLARSHIPS WILL BE AWARDED BY THE VOLUNTEER SCHOLARSHIP COMMITTEE AND WILL BE BASED ON GRADE POINT AVERAGE, SCHOOL/COMMUNITY INVOLVEMENT, SUBMITTED 500 WORD ESSAY AND OTHER MISCELLANEOUS CRITERIA. DURING THE YEAR, KEY EMPLOYEE MATTHEW KING'S SON, ZACH KING, RECEIVED A SCHOLARSHIP. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (17 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. THE DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION 5. AMENDMENT TO THE BYLAWS |
| FORM 990, PART VI, SECTION A, LINE 8B | THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". |
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT PROVIDED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW SUBSEQUENT TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | DIRECTORS AND OFFICERS ARE REQUIRED TO REVIEW AND BE FAMILIAR WITH THE POLICIES OUTLINED IN THE COOPERATIVE'S CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY IS EXPLAINED TO ALL NEW DIRECTORS COMING ON THE BOARD. DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. BOARD MINUTES ARE NOTED WHEN A DIRECTOR HAS A CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY AND AN INDEPENDENT CONSULTANT WHEN DETERMINING THE COMPENSATION OF THE CEO. THE SURVEY SHOWS COMPARATIVE SALARIES FOR CEO'S FROM COOPERATIVES LOCATED IN NEVADA AND THE NATION. THE BOARD AND CEO USE A COMPENSATION SURVEY AND AN INDEPENDENT CONSULTANT WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES. THE SURVEY INCLUDES SALARIES FROM SIMILAR COOPERATIVES THROUGHOUT NEVADA AND THE NATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE AUDITED FINANCIAL STATEMENTS TO MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. THE COOPERATIVE'S BYLAWS, ARTICLES OF INCORPORATION, ANNUAL REPORT, AND AUDITED FINANCIAL STATEMENTS FOR MOST RECENT YEAR ARE ALSO AVAILABLE ON THE COOPERATIVE'S WEBSITE. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE CONFLICT OF INTEREST POLICY OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY. |
| FORM 990, PART VII, COLUMN F: | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES, MEETING ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF THE ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED BY THE COOPERATIVE TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. |
| FORM 990, PART VIII, LINE 2: | PATRONAGE DIVIDENDS RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. |
| FORM 990, PART IX: | ALTHOUGH THE ASSOCIATION IS NO LONGER A RURAL UTILITIES SERVICE (RUS) BORROWER, ITS ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE RUS UNIFORM SYSTEM OF ACCOUNTS (USOA) PRESCRIBED FOR RUS ELECTRIC BORROWERS. THE USOA DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1 - 23. THE COOPERATIVE SEPARATELY SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE USOA. |
| FORM 990, PART IX, LINES 5-7: | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $ 12,390,878 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (150,900) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (329,107) LESS: KEY EMPLOYEE BENEFITS INCLUDED IN LINE 5 (566,944) PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 3,524,840 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING & OTHER ACCOUNTS 2,172,641 TOTAL WAGES ACCRUED AND/OR PAID $17,041,408 |
| FORM 990, PART IX, LINE 24: | ADMINISTRATIVE AND GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 5,690,219 OFFICE SUPPLIES 44,809 OUTSIDE SERVICES 538,767 INJURIES & DAMAGES 85,002 EMPLOYEE PENSION & BENEFITS 50,399 MEETINGS 337,444 MISCELLANEOUS GENERAL EXP 1,203,262 DIRECTORS 190,912 DUES 146,282 TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 8,287,096 LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (150,900) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (3,256,586) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (2,051,042) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 2,828,568 |
| FORM 990, PART IX, LINE 24E: | OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: CUSTOMER ACCOUNTS $ 1,312,637 CUSTOMER SERVICE & SALES 123,257 POLITICAL CONTRIBUTIONS 44,000 OTHER DEDUCTIONS 2,680 TOTAL OTHER EXPENSES PER FORM 990, LINE 24E $ 1,482,574 |
| FORM 990, PART IX, LINE 4: | PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S CALENDAR TAX YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2024 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. |
| FORM 990, PART XI, LINE 9: | PATRONAGE CAPITAL ASSIGNABLE 5,406,850. PATRONAGE CAPITAL RETIRED - TOTAL -2,718,038. PATRONAGE CAPITAL RETIRED - DISCOUNT 83,236. DONATED CAPITAL -649. NET CHANGE IN MEMBERSHIPS -143,660. OTHER EQUITY ADJUSTMENTS 143,560. OTHER COMPREHENSIVE INCOME ADJUSTMENT FOR POST-RETIREMENT BENEFITS 91,189. TRANSFER OF MARGINS |
| FORM 990, PART XII, LINE 2C: | THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. PROCEDURAL CHANGES DID NOT OCCUR DURING THE YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| VALLEY ELECTRIC TRANSMISSION ASSOCIATION LLC | |||||||||
| 800 E HIGHWAY 372 | PAHRUMP | NV | 89041 | 274844226 | TRANSMISSION OF ELECTRICITY. | NV | $16,081,258 | $52,016,633 | VALLEY ELECTRIC ASSOCIATION INC |
| VALLEY ELECTRIC ENERGY SERVICES LLC | |||||||||
| 800 E HIGHWAY 372 | PAHRUMP | NV | 89041 | 471001205 | INACTIVE | NV | $0 | $0 | VALLEY ELECTRIC ASSOCIATION INC |
| VALLEY ELECTRIC UTILITY SERVICES LLC | |||||||||
| 800 E HIGHWAY 372 | PAHRUMP | NV | 89041 | 471012241 | INACTIVE | NV | $0 | $0 | VALLEY ELECTRIC ASSOCIATION INC |
| VALLEY COMMUNICATIONS ASSOCIATION LLC | |||||||||
| 800 E HIGHWAY 372 | PAHRUMP | NV | 89041 | 474018997 | TO PROVIDE BROADBAND SERVICES | NV | $10,425,663 | $20,591,799 | VALLEY ELECTRIC ASSOCIATION INC |
| SOLPOWER | |||||||||
| 800 E HIGHWAY 372 | PAHRUMP | NV | 89041 | SOLAR POWER SERVICES | NV | $681,168 | $4,308,186 | VALLEY ELECTRIC ASSOCIATION INC | |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| VALLEY ELECTRIC CHARITABLE FOUNDATION | ||||||||||
| 800 E HIGHWAY 372 | PAHRUMP | NV | 89041 | 263157116 | TO PROVIDE SCHOLARSHIPS AND GRANTS TO MEMBERS OF THE COOPERATIVE'S AREA. | NV | 501(C)(3) | LINE 7 | VALLEY ELECTRIC ASSOCIATION INC | Yes (1) |
| VEA PAC | ||||||||||
| PO BOX 237 | PAHRUMP | NV | 89041 | 274721243 | LOBBYING AT STATE AND FEDERAL LEVELS FOR RURAL ELECTRIC COOPERATIVES. | NV | 527 | VALLEY ELECTRIC ASSOCIATION INC | Yes (1) | |
| 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 | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | 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 |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|
| VALLEY ELECTRIC CHARITABLE FOUNDATION | |
| N | N/A - LESS THAN $50,000 |
| VALLEY ELECTRIC CHARITABLE FOUNDATION | |
| O | N/A - LESS THAN $50,000 |