2018-09-25T13:02:48-07:00 2017-12-31 990 2017-01-01 910267315 INLAND POWER & LIGHT CO INLA 5097477151 10110 W HALLETT RD SPOKANE WA 99224 Brian Hess Chief Financial Officer 5097477151 2018-06-28 4.14.240.218 2017 2018-06-14 16:35:46Z Chad Jensen 10110 W HALLET RD SPOKANE WA 99224 81816667 0 X www.inlandpower.com X 1937 WA Distribution and sale of electricity 9 9 97 0 0 0 0 0 66762286 74386112 7596170 7137335 284531 290430 74642987 81813877 61183 58593 1573134 1936664 9427963 9267059 0 0 0 60353892 66097929 71416172 77360245 3226815 4453632 315414400 310783184 219433305 209813087 95981095 100970097 Distribution and sale of electricity 0 0 75262764 0 81813876 Distribution and sale of electricity 0 0 0 75262764 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 80 0 1 97 1 0 0 0 0 0 80631319 545367 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X INLAND POWER & LIGHT 5097477151 10110 W HALLETT RD SPOKANE WA 99224 X James Kroll Trustee 3 0 X 31654 0 0 Gerald Davis Trustee 2 0 X 22542 0 5750 Garry Rosman Trustee 5 0 X 20500 0 13150 Gale Rettkowski Trustee 3 0 X 30467 0 0 David Shill Trustee 3 0 X 29932 0 0 Kristina Bahr Trustee 4 0 X 37823 0 0 Brian Slaybaugh Trustee 3 0 X 39429 0 0 Dick Ziehnert Trustee 3 0 X 22714 0 8750 Danny Lee Trustee 5 0 X 9039 0 6775 Chad Jensen CEO 50 2.0 X 260181 0 257979 Brian Hess CFO 50 2 X 108830 0 37800 Sandra McKee CFO 31 2 X 128074 0 6490 Glen Best COO 50 0 X 154302 0 128135 Kevin Shaw Foreman 62 X 216640 0 64472 Kevin Svendsen Foreman 52 0 X 161401 0 49757 Dean Dryden Journeyman Lineman 58 0 X 158807 0 51438 Josiah Thompson Journeyman Lineman 50 0 X 153822 0 22713 Clinton Risken Journeyman Lineman 52 0 X 147998 0 43943 1734155 0 697152 45 0 1 0 Michels Power PO BOX 95 Brownsville WI 53006 Line Construction 3203264 Northwest Line Builders PO BOX 181 Nine Mile Falls WA 99026 Line Construction 1377013 Wilson Construction Inc PO BOX 1190 Canby OR 97013 Line Construction 963825 Associated Arborists PO BOX 2971 Hayden ID 83835 Tree Reclearing 811613 Power City Electric 3327 E Olive Spokane WA 99220 Substation Construction 690672 11 0 Operating Revenue 221000 74386112 74386112 0 0 0 0 0 0 74386112 7137335 6424628 0 712707 0 0 0 0 0 0 0 0 241391 0 2790 0 238601 0 238601 238601 0 0 0 0 0 0 0 0 0 0 0 0 Common Ditch Income 221000 45381 45381 0 0 Misc Non-Operating Revenue 900099 6448 6448 0 0 0 0 0 0 51829 81813877 81101170 0 712707 43593 15000 0 1936664 867814 0 5085179 1547120 1207954 558992 0 25590 33580 41208 0 0 40093 17181 701583 24009 0 607669 1570961 0 113104 2100889 0 6953444 168010 Purchased Power 39390606 Interest on LT Debt - BPA 4460792 Utility Plant Operations 1082678 Utility Plant Maintenance 4359927 4406605 77360245 0 0 0 587545 140728 0 0 0 0 8944476 11286961 0 0 0 0 0 0 2454263 2831983 148472666 138979161 236664735 85086701 149437799 151578034 0 0 0 0 0 0 0 5811 5517651 5960506 315414400 310783184 18105094 12526971 0 0 0 0 0 0 0 0 0 0 197409380 193296246 0 0 3918831 3989870 219433305 209813087 X 0 0 686405 708560 95294690 100261537 95981095 100970097 315414400 310783184 X 4453632 0 0 0 0 535370 X 0 1 X 1 1 1 5004 0 0 5004 5004 1 Washington Rural Electric Cooperative Political Action Committee PO BOX 7219 Olympia WA 98507 911236389 1169 0 Schedule C, Part I-A, Line 1 Contributions made to Washington Rural Electric Cooperative Political Action Committee as well as committees to elect various representatives. 0 2195727 2195727 3455 14729339 3598865 11133929 0 0 0 0 0 215906164 81487836 134418328 0 3830050 0 3830050 151578034 0 Deposits 895147 Deferred Credits 2913803 Post Retirement Benefits 180920 3989870 81653059 0 0 0 -160818 -160818 81813877 0 0 0 81813877 75262764 0 0 0 -160817 -160817 75423581 0 1936664 1936664 77360245 Schedule D, Part XI, Line 2d Reclass expenses related to common ditch income and the loss on the sale of assets. Schedule D, Part XII, Line 2d Reclassification of expenses related to common ditch income and losses on the sale of assets. Schedule D, Part XII, Line 4b Reclassification of patronage capital paid to members 1 Spokane Neighborhood Action Program 2116 E First Ave Spokane WA 99202 911311127 30000 0 To assist Spokane Neighborhood Action Program in providing monetary energy assistance to households in need and continue serving the Spokane area with their programs. Of the total grant paid, the cooperative receives a Washington State tax credit typically equal to one-half of the amount. Second Harvest 1234 East Front Ave Spokane WA 99202 237173826 501(c)(3) 12912 0 The grant is paid in part by cooperative employees ($6,606) and the remainder by Inland Power & Light ($6,306) to assist Second Harvest Food Bank in providing food assistance to neighborhood school kids and families through the Bite2Go program. 2 0 Cash 15 15000 0 0 College scholarships for legal dependents of Inland Power & Light members. Schedule I, Part I, Line 2 The organization maintains records of all grants requested and paid, to whom they are paid, and amounts. All assistance is made to domestic organizations, which benefit our membership or directly to the colleges of choice for our annual scholarship recipients. X X X X 0 0 0 Chad Jensen CEO 246922 0 5000 0 8259 0 218668 0 31053 0 509902 0 0 Brian Hess CFO 89020 0 0 0 0 0 19435 0 18365 0 126820 0 0 0 Sandra McKee CFO 99020 0 0 0 29054 0 5329 0 1161 0 134564 0 0 0 Glen Best COO 154302 0 0 0 0 0 99868 0 28267 0 282437 0 0 0 Kevin Shaw Foreman 216640 0 0 0 0 0 32083 0 32389 0 281112 0 0 0 Kevin Svendsen Foreman 161401 0 0 0 0 0 16939 0 32818 0 211158 0 0 0 Dean Dryden Journeyman Lineman 158807 0 0 0 0 0 18669 0 32769 0 210245 0 0 0 Josiah Thompson Journeyman Lineman 140022 0 0 0 13800 0 20902 0 1811 0 176535 0 0 0 Clinton Risken Journeyman Lineman 147998 0 0 0 0 0 11234 0 32710 0 191942 0 0 0 Schedule J, Part I, Line 3 Compensation for the CEO is determined by the board of trustees. Each year they obtain comparability data from the human resources department that lists the compensation level of the CEOs in other electric cooperatives of similar size. This data comes from independent regional and national salary surveys. The salary level is consistent with the surveys. The Cooperative also employs an independent company who reviews and assists with the annual compensation calculation. Chad Jensen CEO 30000 Chad Jensen is the CEO of Inland Power & Light as well as an alternate trustee for Spokane Neighborhood Action Program (SNAP). The amount of the transaction represents the amount Inland Power & Light donated to SNAP's project share charity during 2017. All checks were written to SNAP directly; none were written to Mr. Jensen and he received no compensation in his postion as a trustee for SNAP. 0 Form 990, Part VI, Section A, Line 6 Inland Power & Light is a rural electric cooperative owned by its members. There are approximately 34,000 members and we serve 41,088 meters. There is only one class of members, which have the right to elect trustees, vote on changes to the articles of incorporation and bylaws, mergers, and the disposal of property/assets in excess of 10% of the cooperative's total assets. Form 990, Part VI, Section A, Line 7a All active members are eligible to vote for trustees. Trustees are elected for a three year term with three trustee positions open to election each year. Form 990, Part VI, Section A, Line 7b Decisions of the trustees that are subject to approval by the members are: changes to the articles of incorporation, bylaws, mergers, and disposals of property/assets in excess of 10% of the total assets of the cooperative. Form 990, Part VI, Section B, Line 11b Form 990 and related schedules are prepared by the Controller and reviewed by the Chief Financial Officer. The Form and related schedules are then sent to the Chief Executive Officer for review. A copy of the final version is provided to and reviewed by the board of trustees before filing. Form 990, Part VI, Section B, Line 12c Inland Power & Light has a written conflict of interest policy that is distributed to all employees and trustees on an annual basis. The distributed form requests documentation for any potential conflicts of interest. The human resources department ensures all forms are returned. The CEO reviews all employee forms each year and the corporate attorney reviews the forms from trustees. The appropriate people are notified of any procedural changes due to conflicts. Form 990, Part VI, Section B, Line 15 Compensation for the CEO is determined by the board of trustees. Each year they obtain comparability data from the human resources department that lists the compensation level of the CEOs in other electric cooperatives of similar size. This data comes from the independent regional and national salary surveys. The salary level is consistent with the surveys. The decision is documented and given to the Human Resources Manager. 15b - The CFO's compensation is set by the CEO. The CEO reviews comparability data from independent regional and national salary surveys and the salary is set consistent with the surveys. Form 990, Part VI, Section C, Line 19 Articles of incorporation and the conflict of interest policy are made available to members upon request. Summary financial statements and the bylaws are made available to the public on Inland Power's website. Form 990, Part XI, Line 9 Increase in membership equity of $22,155, increase in other margins and equities through acquired patronage capital, forfeited estate patronage, etc. of $513,192. The change in patronage capital by general retirement, bad debt recoveries, estate payments, etc. was ($1,936,664) and recorded in Part IX (Statement of Functional Expenses) Line 4(a): "Benefits Paid to or for Members." Inland Power Operation Round Up Fund PO BOX A Spokane WA 99219 463311548 Accumulate and distribute funds for charitable purposes. WA 501(c)(3) Public Charity Inland Power and Light Co 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 Schedule R, Part V, Line 1l Members of Inland Power & Light are solicited for donations to Inland Power Operation Round Up on their monthly electric invoices. They are educated about the program and ways to donate in a monthly newsletter and at an annual meeting. The amounts are voluntary donations by rounding up their electric bills to the next dollar. Schedule R, Part V, Line 1n Inland Power Operation Round Up Fund is operated in the same office, with the same equipment, as Inland Power & Light Co. Schedule R, Part V, Line 1o Inland Power Operation Round Up Fund is managed by its own separate board of trustees, however it is operated by the employees of Inland Power & Light Co.