CORE ELECTRIC COOPERATIVE: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- CORE ELECTRIC COOPERATIVE (EIN 84-0235244)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-14
- IRS object ID
- 201743189349310974
- Schema version
- 2016v3.0
- 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 | 2017-11-14T14:43:32-08:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840235244 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Intermountain Rural Electric Association | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INTE | BusinessNameControlTxt |
| Phone | 3036883100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5496 North Highway 85 | AddressLine1Txt |
| City | Sedalia | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80135 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Patrick Mooney | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Signature | 2017-11-14 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Patrick Mooney | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2142 S Milwaukee St | AddressLine1Txt |
| City | Denver | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80210 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $291,244,815 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| All Affiliates Included | false | AllAffiliatesIncludedInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.irea.coop | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | The Association was established as a Rural Electric Distribution Cooperative to provide electric utility service within its service territory. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 249 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $284,513,974 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $290,622,788 | CYProgramServiceRevenueAmt |
| PY Investment Income | $252,538 | PYInvestmentIncomeAmt |
| CY Investment Income | $594,641 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$2,295 | PYOtherRevenueAmt |
| CY Other Revenue | $15,796 | CYOtherRevenueAmt |
| PY Total Revenue | $284,764,217 | PYTotalRevenueAmt |
| CY Total Revenue | $291,233,225 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $32,246,996 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $37,115,822 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $20,661,254 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $22,302,563 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $231,855,967 | PYOtherExpensesAmt |
| CY Other Expenses | $231,814,840 | CYOtherExpensesAmt |
| PY Total Expenses | $284,764,217 | PYTotalExpensesAmt |
| CY Total Expenses | $291,233,225 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,063,387,382 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,084,051,800 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $800,719,444 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $790,586,219 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $262,667,938 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $293,465,581 | NetAssetsOrFundBalancesEOYAmt |
| Mission | The Association was established as a Rural Electric Distribution Cooperative to provide electric utility service within its service territory. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $291,233,225 | ExpenseAmt |
| Revenue | $291,233,225 | RevenueAmt |
| Desc | The Association distributed electricity to 151,215 active service locations in 11 Colorado counties. | Desc |
| Total Program Service Expenses | $291,233,225 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (true) | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 193 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 249 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | false | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Members And Shr Gross Income | $285,386,139 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $4,982,386 | OtherSourcesGrossIncomeAmt |
| Org Filed In Lieu Of Form1041 | false | OrgFiledInLieuOfForm1041Ind |
| Licensed More Than One State | false | LicensedMoreThanOneStateInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | false | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Dierdre P Jones CFO | PersonNm |
| Phone | 3036883100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5496 N Highway 85 | AddressLine1Txt |
| City | Sedalia | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 801358618 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 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 |
|---|---|---|---|---|---|---|---|---|---|
| Timothy L White | |||||||||
| President | 5.00 | 0.00 | Yes (X) | Yes (X) | $36,117 | $0 | $0 | ||
| Eugene Sperry | |||||||||
| Sec/Treasurer | 3.00 | 0.00 | Yes (X) | Yes (X) | $25,528 | $0 | $0 | ||
| James C Dozier | |||||||||
| Asst. Sec/Treas | 5.00 | 0.00 | Yes (X) | Yes (X) | $32,728 | $0 | $0 | ||
| Bruff Shea | |||||||||
| Vice President | 6.00 | 0.00 | Yes (X) | Yes (X) | $31,242 | $0 | $0 | ||
| Michael Kempe | |||||||||
| Director | 5.00 | 0.00 | Yes (X) | $16,586 | $0 | $0 | |||
| James T Anest | |||||||||
| Director | 5.00 | 0.00 | Yes (X) | $38,922 | $0 | $0 | |||
| Robert W Graf | |||||||||
| Director | 7.00 | 0.00 | Yes (X) | $39,682 | $0 | $0 | |||
| Dierdre P Jones | |||||||||
| CFO | 40.00 | 0.00 | Yes (X) | $156,411 | $0 | $8,959 | |||
| Pamela Feuerstein | |||||||||
| COO | 40.00 | 0.00 | Yes (X) | $270,165 | $0 | $39,515 | |||
| Patrick Mooney | |||||||||
| CEO | 40.00 | 0.00 | Yes (X) | $457,777 | $0 | $40,159 | |||
| Gerald R Hacker | |||||||||
| Corporate Services Manager | 40.00 | 0.00 | $205,183 | $0 | $41,072 | Yes (X) | |||
| Konstantinos Lagos | |||||||||
| Facility Fleet and Acquisition Mgr | 40.00 | 0.00 | $228,406 | $0 | $38,303 | Yes (X) | |||
| Anne Thomas | |||||||||
| Finance Manager | 40.00 | 0.00 | $245,513 | $0 | $33,543 | Yes (X) | |||
| Rob D Youngquist | |||||||||
| InfoTechnology Mgr | 40.00 | 0.00 | $177,160 | $0 | $36,382 | Yes (X) | |||
| Joshua Liss | |||||||||
| Corp Affairs Mgr | 40.00 | 0.00 | $156,970 | $0 | $40,876 | Yes (X) | |||
| Amanda Lesher | |||||||||
| Consumer Srv Mgr | 40.00 | 0.00 | $196,257 | $0 | $26,362 | Yes (X) | |||
| Mark Jurgemeyer | |||||||||
| Engineering Mgr | 40.00 | 0.00 | $195,153 | $0 | $28,268 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,509,800 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $333,439 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 96 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Colorado Powerline Inc | |||||
| 5401 N Peterson Rd | Sedalia | CO | 80112 | Utility Construction | $26,075,711 |
| Wright Tree Service Inc | |||||
| PO Box 1718 | Des Moines | IA | 50306 | Vegetation Mgmt | $3,667,183 |
| Stanley Consultants Inc | |||||
| 8000 S Chester Street | Centennial | CO | 80112 | Engineer Consulting | $3,407,213 |
| Western United Electric Supply | |||||
| 100 Bromley Business Parkway | Brighton | CO | 80603 | Electric Supplies | $2,150,435 |
| Asplundh Tree Expert Co | |||||
| 1700 Solutions Center | Chicago | IL | 60677 | Vegetation Mgmt | $1,690,683 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 29 | CntrctRcvdGreaterThan100KCnt |
| Total Contributions | $0 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| All Other Program Service | 221000 | $402,370 | $402,370 | |
| Distrib. of Electricity | 221000 | $283,778,508 | $283,778,508 | |
| Joint Pole Revenue | 900002 | $876,290 | $876,290 | |
| Other Service Revenues | 221000 | $1,603,657 | $1,603,657 | |
| Patronage Capital Credits | 221000 | $3,961,963 | $3,961,963 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $290,622,788 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $417,456 | TotalRevenueColumnAmt |
| Exclusion | $417,456 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $27,386 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $11,590 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $15,796 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $15,796 | TotalRevenueColumnAmt |
| Exclusion | $15,796 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $177,185 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $177,185 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $177,185 | TotalRevenueColumnAmt |
| Exclusion | $177,185 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $0 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $291,233,225 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $289,746,498 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,486,727 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,115,822 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,509,800 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,067,660 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,470,679 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,083,339 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,171,085 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,232 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,405 | TotalAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,876 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $494,836 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,664,675 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,065 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,263,399 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,963,266 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $606,239 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Gen/Purchased Power | $123,961,069 |
| Property,Franchise,&Income Tax | $11,767,665 |
| Maintenance Expenses | $9,285,038 |
| Operations & Customer Exps | $4,518,372 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,928,703 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $291,233,225 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,784,029 | BOYAmt |
| EOY | $2,769,324 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,792,342 | BOYAmt |
| EOY | $130,883 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,665,925 | BOYAmt |
| EOY | $35,601,692 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,789,002 | BOYAmt |
| EOY | $2,485,860 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,012,266 | BOYAmt |
| EOY | $14,600,132 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,290,777,381 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $287,112,395 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $981,026,557 | BOYAmt |
| EOY | $1,003,664,986 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $82,535 | BOYAmt |
| EOY | $93,506 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,354,588 | BOYAmt |
| EOY | $24,672,696 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,880,138 | BOYAmt |
| EOY | $32,721 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,063,387,382 | BOYAmt |
| EOY | $1,084,051,800 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,464,468 | BOYAmt |
| EOY | $19,768,488 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $732,156,542 | BOYAmt |
| EOY | $724,796,750 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,098,434 | BOYAmt |
| EOY | $46,020,981 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $800,719,444 | BOYAmt |
| EOY | $790,586,219 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $665,040 | BOYAmt |
| EOY | $677,635 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $262,002,898 | BOYAmt |
| EOY | $292,787,946 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $262,667,938 | BOYAmt |
| EOY | $293,465,581 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,063,387,382 | BOYAmt |
| EOY | $1,084,051,800 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $30,797,643 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $30,150 | PoliticalExpendituresAmt |
| Expended527 Activities | $30,150 | Expended527ActivitiesAmt |
| Total Exempt Function Expend | $30,150 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (true) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp (16 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Paid Internal FundsPaidInternalFundsAmt |
|---|---|---|---|---|---|
| Colorado Leadership Fund | |||||
| P O Box 238 | Denver | CO | 80201 | 841664434 | $2,500 |
| Senate Majority Fund | |||||
| 2318 Curtis Street | Denver | CO | 80205 | 451353357 | $7,000 |
| Colorado Integrity Alliance | |||||
| 2318 Curtis St | Denver | CO | 80205 | 800969728 | $575 |
| Care Membership Account LLC | |||||
| 5400 N Washington Street | Denver | CO | 80216 | 743106451 | $10,000 |
| Colo Assoc for Commerce Industry | |||||
| 1600 Broadway Suite 1000 | Denver | CO | 80202 | 840174402 | $1,000 |
| Colorado Business PAC | |||||
| 1600 Broadway Suite 1000 | Denver | CO | 80202 | 841005921 | $550 |
| Coloradoans for Fairness | |||||
| PO Box 102766 | Denver | CO | 80250 | 814420090 | $1,000 |
| Our Colorado Values | |||||
| 3368 W 35th Avenue | Denver | CO | 80211 | 814474149 | $1,000 |
| The Right Leadership PAC | |||||
| 2318 Curtis St | Denver | CO | 80205 | 455509270 | $575 |
| Values First Colorado | |||||
| 601 16th Street C-138 | Golden | CO | 80401 | 814643054 | $2,500 |
| Dominick Moreno PAC | |||||
| 5821 Tichy Blvd | Commerce City | CO | 80022 | 460762743 | $575 |
| Duran for Colorado | |||||
| 4956 Umatill St | Denver | CO | 80221 | 461132680 | $575 |
| Navigator PAC | |||||
| 2318 Curtis St | Denver | CO | 80205 | 474783862 | $575 |
| Reagan Justice for Colorado | |||||
| 2318 Curtis St | Denver | CO | 80205 | 462962919 | $575 |
| Garnett Leadership Fund | |||||
| 1364 Corona St | Denver | CO | 80218 | 471234205 | $575 |
| Arapahoe Leadership Fund | |||||
| 1925 W Lilley Ave | Littleton | CO | 80120 | 812936734 | $575 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I-A, Line 1 - Direct and Indirect Political Campaign Activities | FormAndLineReferenceDesc |
| Explanation | Political Donations | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,989,585 | OtherCostOrOtherBasisAmt |
| Book Value | $15,989,585 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,083,748 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,881,126 | DepreciationAmt |
| Book Value | $20,202,622 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,252,907,733 | OtherCostOrOtherBasisAmt |
| Depreciation | $285,435,233 | DepreciationAmt |
| Book Value | $967,472,500 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | -$203,685 | OtherCostOrOtherBasisAmt |
| Depreciation | -$203,964 | DepreciationAmt |
| Book Value | $279 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $1,003,664,986 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| ASSET RETIREMENT OBLIGATION | $5,882,886 |
| CURRENT TAXES,INT.,& OTHER LIABILITIES | $19,482,696 |
| CUSTOMER DEPOSITS | $2,570,261 |
| DEFERRED CREDITS | $7,143,114 |
| POST RETIREMENT BENEFITS & PENSION | $9,483,854 |
| REGULATORY LIABILITIES | $1,458,170 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $46,020,981 | TotalLiabilityAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| Amanda Lesher | ||||||
| Consumer Srv Mgr | $153,895 | $28,100 | $14,262 | $16,209 | $10,153 | $222,619 |
| Anne Thomas | ||||||
| Finance Manager | $190,100 | $20,150 | $35,263 | $13,491 | $20,052 | $279,056 |
| Dierdre P Jones | ||||||
| CFO | $133,301 | $20,025 | $3,085 | $8,959 | $165,370 | |
| Gerald R Hacker | ||||||
| Corporate Services Manager | $155,031 | $28,100 | $22,052 | $17,600 | $23,472 | $246,255 |
| Joshua Liss | ||||||
| Corp Affairs Mgr | $127,721 | $14,050 | $15,199 | $15,971 | $24,905 | $197,846 |
| Konstantinos Lagos | ||||||
| Facility Fleet and Acquisition Mgr | $160,529 | $35,200 | $32,677 | $18,670 | $19,633 | $266,709 |
| Mark Jurgemeyer | ||||||
| Engineering Mgr | $164,767 | $8,050 | $22,336 | $10,682 | $17,586 | $223,421 |
| Pamela Feuerstein | ||||||
| COO | $214,800 | $30,050 | $25,315 | $13,923 | $25,592 | $309,680 |
| Patrick Mooney | ||||||
| CEO | $382,236 | $40,050 | $35,491 | $13,313 | $26,846 | $497,936 |
| Rob D Youngquist | ||||||
| InfoTechnology Mgr | $156,710 | $10,200 | $10,250 | $10,407 | $25,975 | $213,542 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 1a: Relevant information in regards to selections on 1a. | FormAndLineReferenceDesc |
| Explanation | The Association provides up to $300 toward dues of a wellness program as a taxable benefit available to employees. Four of the above individuals are participating in this benefit. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (15 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | The Cooperative was formed by the members to provide electric service at cost on a cooperative basis, as provided for in its bylaws. There is only one class of members. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | The Association is divided into 7 districts, and each district is represented by one Board Member (Director). Board Members are elected by their respective district members to staggered four-year terms. Elections are by mail ballot, but members may vote in person at the annual meeting. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | The Form 990, including the related schedules, is completed internally by staff of the Association under the direction of the CFO, who in turn reviews the Governance, Management and Disclosure sections required by the Form 990 and presents a draft of the completed report to the CEO for review. The return is then completed and filed. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Officers, directors, and key employees are required to disclose any conflicts of interest as events or circumstances giving rise to a conflict occur. The CEO reviews any potential conflicts that are brought to his attention and makes the determination for key employees. The Board of Directors reviews and makes determinations for the CEO and at the director level. Restrictions on persons with a conflict generally result in removing the person from decision making authority concerning the conflict and may, in the case of Directors, include mandatory abstention from voting on the related agenda item. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | Compensation of the CEO is evaluated and approved by the Board of Directors, in comparison with industry standards and other cooperatives. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | Compensation for management employees, including salaries and benefits, is evaluated by Human Resources personnel under the direction of the CEO, using comparisons with industry standards, with other cooperatives, and in consideration of local employment and economic markets. The resulting recommendations are reviewed by the CEO and with the Board of Directors. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | The Bylaws of the Association,the Annual Report, and Board Minutes are available on the Association's web site at www.irea.coop. The Association's articles of incorporation are available on the Colorado Secretary of State's web site. Other Association documents, such as the Form 990,are available to the public upon request at the Association's headquarters office. |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Benefits Paid to Members/Margin Allocation = $37115822 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Membership Fees = $12595 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Other Comprehensive Income = $5985860 |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | PCC Refund = -$13730764 |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Unclaimed Capital Credits = $1414130 |
| Form 990, Part IX, Line 4 - Statement of Financial Expenses | The amount shown as Benefits paid to or for members represents the Patronage Capital for the year that the Cooperative credited to member capital accounts based on electric sales revenues in excess of operating costs and expenses. |
| Form 990, Part VI, Line 16a - Gov, Mgt & Disc - Int in Joint Venture | The Association entered into a joint ownership agreement for construction and operation of a 750 megawatt coal-fired electric power generation plant in Pueblo, Colorado known as Comanche III. The Association's total investment is about $400,000,000 for its 25.333% ownership interest. Publice Service Company of Colorado operates the plant. The parties share operating expenses and receive energy from the plant in proportion to their ownership interest. Comanche III has been in commercial operation since July 2010. |
| Form 990, Part VI, Line 16b - Gov, Mgt & Disc - Int in Joint Venture | The investment in Comanche III results in no receipt of revenue or profit from the plant. Rather, the Association receives energy. The Association does not participate in joint ventures or similar arrangements with taxable entities with the expectaion of receiving revenue or profits. Therefore, no written policy or procedure is necessary. |