2018-05-10T11:37:53-05:00 2017-12-31 910189318 MOSS ADAMS LLP 999 THIRD AVENUE SUITE 2800 SEATTLE WA 98104 990 2017-01-01 910211390 ELMHURST MUTUAL POWER AND LIGHT COMPANY ELMH 2535314646 120 SOUTH 132ND STREET TACOMA WA 98444 JOHN D IRWIN PRESIDENT 2535314646 2018-05-10 1 EMINA O CRESSWELL CPA P01217304 2063026500 2018-05-10 2017 2022-09-23 18:48:47Z DENNIS LIPKE 120 SOUTH 132ND STREET TACOMA WA 98444 20668481 0 X WWW.ELMHURSTMUTUAL.ORG X 1922 WA TO PROVIDE RELIABLE, LOW COST POWER TO MEMBERS. 5 2 26 0 0 0 0 0 17786367 20381004 36778 41619 211002 245858 18034147 20668481 0 0 811315 2155520 2690031 2821201 0 0 0 14545548 15724057 18046894 20700778 -12747 -32297 26272004 27954107 4058052 3604062 22213952 24350045 TO PROVIDE RELIABLE, LOW COST POWER TO MEMBERS. 0 0 ELMHURST MUTUAL POWER & LIGHT WAS FOUNDED IN MARCH 1922 BY FIVE MEN WHOSE PURPOSE WAS TO FORM A MUTUAL COMPANY NOT FOR PROFIT THAT WOULD PROVIDE ELECTRICAL SERVICE TO ITS MEMBERS. FROM ITS HUMBLE BEGINNING OF FIVE METERS, ELMHURST HAS STEADILY GROWN TO OVER 14,000 METERS. THE ORGANIZATION HAS ONE OF THE MOST RELIABLE, LOW COST POWER RATES IN THE NATION. AND WE WILL CONTINUE TO HAVE LOW COST POWER FOR AT LEAST THE NEXT 10 YEARS THANKS TO THE REGIONAL DIALOGUE POWER SALES CONTRACT THAT IS CURRENTLY IN PLACE UNTIL 2028. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 26 1 0 0 0 0 0 21299105 50939 0 X 5 2 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHELLE BOYD 2535314646 120 SOUTH 132ND STREET TACOMA WA 98444 JOHN D IRWIN PRESIDENT 4.00 X X 16800 0 0 LEO DREITH VICE PRESIDENT 5.00 X X 14400 0 0 VICTORIA LINCOLN SECRETARY 4.00 X X 14400 0 0 MERLE ANDERSON DIRECTOR 6.00 X 14400 0 0 DENNIS LIPKE DIRECTOR 2.00 X 14400 0 0 DAN BROOKS GENERAL MANAGER 40.00 X 216811 0 238338 MICHELLE BOYD MANAGER OF FINANCE AND ADM 40.00 X 134754 0 85746 COREY MCKENNEY OPERATIONS SUPERVISOR 40.00 X 116124 0 54671 542089 0 378755 3 0 1 0 ASPLUNDH INC 1700 SOLUTIONS CENTER CHICAGO IL 606771007 TREE TRIMMING 383757 GENERAL PACIFIC INC PO BOX 70 FAIRVIEW OR 97024 CONSERVATION SERVICES 353085 CANNON CONSTRUCTION INC 406 PORTER WAY MILTON WA 983549638 CONSTRUCTION SERVICES 250494 EVERGREEN CONSULTING GROUP LLC 14845 SW MURRAY SCHOLLS DR BEAVERTON OR 97007 CONSERVATION SERVICES 222983 WESCO RECEIVABLES LOCKBOX 771751 1751 SOLUTIONS CENT CHICAGO IL 60677 CONSTRUCTION SERVICES 202805 10 POWER SALES 221000 20381004 20381004 20381004 41619 41619 POLE RENTAL/CELL TOWERS 900099 245858 245858 245858 20668481 20381004 0 287477 2155520 399403 1138241 503447 609115 170995 27865 114977 86453 58263 73914 1282441 37932 PURCHASED POWER 11667685 TAXES 974820 MAINTENANCE 858853 CUSTOMER ACCOUNTS 314394 226460 20700778 3626529 4628523 1335856 1337349 2056027 2690395 604064 531911 112709 119080 40204752 21777445 18335357 18427307 201462 219542 26272004 27954107 2069862 1759067 1988190 1844995 4058052 3604062 X 458976 471846 0 0 21754976 23878199 22213952 24350045 26272004 27954107 X -32297 2168390 X 0 1 X 1 0 579033 579033 895922 560384 335538 3354661 2285815 1068846 35375136 18931246 16443890 18427307 X 20668481 0 20668481 0 20668481 18545258 0 18545258 2155520 2155520 20700778 PART X, LINE 2: THE COMPANY IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME, IF ANY. THE COMPANY ADOPTED THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 74010 RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2017 AND 2016, THE COMPANY DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. THE COMPANY FILES AN EXEMPT ORGANIZATION TAX RETURN IN THE U.S. FEDERAL JURISDICTION. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMOUNT OF BENEFITS PAID TO MEMBERS EQUAL TO NET OPERATING INCOME AS THAT IS THE EQUIVALENT OF THE BENEFITS MEMBERS RECEIVE IN THE CURRENT YEAR 2,155,520. X X 0 0 0 DAN BROOKS GENERAL MANAGER 216811 0 0 0 0 0 212953 0 25385 0 455149 0 0 0 MICHELLE BOYD MANAGER OF FINANCE AND ADM 134754 0 0 0 0 0 83013 0 2733 0 220500 0 0 0 COREY MCKENNEY OPERATIONS SUPERVISOR 116124 0 0 0 0 0 15342 0 39329 0 170795 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS A SINGLE CLASS OF MEMBERS. MEMBERS SHALL CONSIST OF ALL PERSONS AND OTHER LEGAL ENTITIES WHO APPLY FOR AND ARE ADMITTED TO MEMBERSHIP. EACH MEMBERSHIP SHALL BE ENTITLED TO ONE VOTE ON ALL MATTERS SUBMITTED TO A VOTE OF THE CORPORATIONS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ORGANIZATION ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE POWER TO MAKE, ALTER, AMEND OR REPEAL DECISIONS ARE VESTED IN THE BOARD OF DIRECTORS, PROVIDED HOWEVER, THE BOARD OF DIRECTORS SHALL PROVIDE A MANNER IN WHICH MEMBERS MAY ALSO ADOPT CHANGES OR MAKE NEW LAWS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PRESENTED TO THE BOARD AT THE MONTHLY MEETING TO BE REVIEWED BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DESIGNED TO HELP DIRECTORS, OFFICERS, AND EMPLOYEES OF THE ORGANIZATION IDENTIFY SITUATIONS THAT PRESENT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AND TO PROVIDE THE COMPANY WITH PROCEDURES WHICH, IF OBSERVED, WILL ALLOW A TRANSACTION TO BE TREATED AS VALID AND BINDING EVEN THOUGH A DIRECTOR, OFFICER, OR EMPLOYEE HAS OR MAY HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE TRANSACTION. THIS POLICY IS ALSO INTENDED TO ASSIST THE ORGANIZATION AND ITS DIRECTORS, OFFICER, AND EMPLOYEES FROM ENGAGING IN IMPROPER TRANSACTIONS. EACH NEW RESPONSIBLE PERSON SHALL BE REQUIRED TO REVIEW A COPY OF THE POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO AND WILL COMPLY WITH THE TERMS OF THIS POLICY. EACH DIRECTOR AND THE GENERAL MANAGER SHALL ANNUALLY COMPLETE A DISCLOSURE FORM IDENTIFYING AND RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH THE DIRECTOR OR GENERAL MANAGER IS INVOLVED THAT REASONABLY COULD CONTRIBUTE TO A CONFLICT OF INTEREST. PRIOR TO BOARD OR COMMITTEE ACTION OF A CONTRACT OR TRANSACTION OR OTHER CIRCUMSTANCE INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO IS IN ATTENDANCE AT THE MEETING SHALL DISCLOSE ALL THE FACTS THAT REASONABLY PRUDENT PERSON WOULD BELIEVE MATERIAL TO THE CONFLICT OF INTEREST SITUATION. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND OR RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD IS RESPONSIBLE FOR DETERMINING THE SALARY OF THE ORGANIZATION'S CEO AND OTHER KEY EMPLOYEES. THIS REVIEW IS PERFORMEND ON AN ANNUAL BASIS IN JANUARY AND INCLUDES A REVIEW AND SURVEY OF SALARY INFORMATION FROM OTHER SIMILAR ORGANIZATIONS IN OUR INDUSTRY. THE TOTAL COMPENSATION PACKAGES ARE NOTED AS APPROVED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS 12,870. BENEFITS PAID TO MEMBERS 2,155,520.