2016-11-10T13:14:31-06:00 2015-12-31 BDO USA LLP 3601 C STREET STE 600 ANCHORAGE AK 99503 990 2015-01-01 920014079 HOMER ELECTRIC ASSOCIATION INC % EMILY HUTCHISON HOME 9072358551 3977 LAKE STREET HOMER AK 996037680 EMILY HUTCHISON DIRECTOR OF FINANCE 9072358551 2016-11-09 Key E Getty CPA P00121200 9072788878 2015 2017-02-10 21:41:12Z BRADLEY P JANORSCHKE 3977 LAKE STREET HOMER AK 996037680 99382875 false X WWW.HOMERELECTRIC.COM X 1946 AK PROVIDE ELECTRICAL SERVICES TO OUR MEMBERS. 9 9 173 0 0 0 0 93384628 98971529 149893 127552 223278 194648 93757799 99293729 10500 12000 0 0 967088 679141 0 0 0 89850874 92905881 90828462 93597022 2929337 5696707 229835328 235185110 147527532 147249347 82307796 87935763 TO SAFELY PROVIDE RELIABLE ELECTRICITY TO OUR MEMBERS AND OUR COMMUNITY THROUGH SUPERIOR CUSTOMER SERVICE AND INNOVATIVE ENERGY SOLUTIONS AT FAIR AND REASONABLE PRICES. false false HOMER ELECTRIC ASSOCIATION (HEA) OPERATES ON A COOPERATIVE BASIS AND IS IN COMPLIANCE WITH THE COOPERATIVE REQUIREMENTS. HEA PROVIDED A TOTAL OF 471,771,093 kWhs TO 30,738 CONSUMERS DURING 2015. false false false false false false false false false true false false true true true false true false false false false false false false false false false true true false false false false false false false false false false true true false false true 81 0 true 173 true false false false false false 96652564 658884 false X 9 9 false false false false true true false true true false false true true true true true true true true false X EMILY HUTCHISON 9072358551 3977 LAKE STREET HOMER AK 99603 WAISANEN DICK PRESIDENT 1.3 0.2 X X 6450 0 0 THOMAS DAVID SECRETARY/TREASURER 1.4 0.2 X X 4700 0 0 FRY BILL VICE PRESIDENT 1.2 0.2 X X 5000 0 0 OBERTS ED DEPUTY SECRETARY 1.4 0.2 X X 5000 0 0 BOOKEY KELLY DIRECTOR 1.2 0.2 X 0 0 0 CAREY DAVE DIRECTOR 2.1 0.2 X 6450 0 0 CHAY DAN DIRECTOR 1.3 0.2 X 2950 0 0 LEVINE EUGENE DIRECTOR 1.4 0.3 X 1250 0 0 SEELINGER DONALD DIRECTOR 1.2 0.2 X 5550 0 0 STEAD DON DIRECTOR 2.5 0.2 X 3700 0 0 JANORSCHKE BRADLEY GENERAL MANAGER 40.0 1.0 X 281987 0 136959 HUTCHISON EMILY DIRECTOR OF FINANCE 40.0 1.0 X 163124 0 56021 AMBROSE JAMES DIRECTOR OF POWER, FUEL & DISP 40.0 0.0 X 202529 0 111547 PEERY MARK DIRECTOR OF ENGINEERING 40.0 0.0 X 199613 0 110788 DAY ROBERT MANAGER OF POWER PRODUCTION 40.0 0.0 X 180701 0 100725 LOVE JIMMY SERVICEMAN 40.0 0.0 X 186363 0 46973 SMITH LEON HOMER FOREMAN 40.0 0.0 X 179059 0 45548 1434426 0 608561 88 false true false PERKINS COLE LLP 1201 THIRD AVE STE 4900 SEATTLE WA 98101 LEGAL 1233906 MCMILLEN LLC 1401 SHORELINE DR STE 100 BOISE ID 83702 CONSULTING 654241 BALDWIN BUTLER LLC 125 NORTH WILLOW STREET KENAI AK 99611 LEGAL 561707 NEWGEN STRATEGIES AND SOLUTIONS 1300 E LOOKOUT DR STE 100 RICHARDSON TX 75082 CONSULTING 405575 4 0 ELECTRICAL SERVICE REVENUE 221000 96792884 96792884 CAPITAL CREDITS ALLOCATION 221000 2178645 2178645 98971529 128606 128606 0 0 252000 88092 163908 0 163908 163908 1054 -1054 -1054 -1054 0 0 0 OTHER 221000 30740 30740 30740 99293729 99135437 158292 0 12000 0 0 679141 0 0 0 0 0 0 0 0 0 0 0 713926 56002 994011 0 0 468615 0 0 147881 5391456 0 6536458 0 PURCHASED POWER COST 64430060 ADMIN & GENERAL 4060011 DISTRIBUTIONS - MAINTENANCE 3639181 CONSUMER ACCOUNTS 3300697 3167583 93597022 3600 3600 4623317 2552770 0 0 9074202 9315271 0 0 0 0 924770 808763 3892400 3656879 448487 417963 257193420 100874380 152825328 156319040 0 0 0 0 0 0 0 0 58043224 62110824 229835328 235185110 12725003 10137644 0 0 0 0 0 0 0 0 0 0 133064237 135193100 0 0 1738292 1918603 147527532 147249347 X 0 0 0 0 82307796 87935763 82307796 87935763 229835328 235185110 X 5696707 -68740 X false true X true false 3231434 3231434 13543793 5242902 8300891 240418193 95631478 144786715 156319040 INVESTMENT IN ASSOCIATED ORGS 43600675 UNBILLED REVENUE 6040812 NET NON-UTILITY PROPERTY 267173 DEFERRED CHARGES 2297749 CONSTRUCTION IN PROGRESS 9904415 62110824 0 DEFERRED CREDITS 692708 CONSUMER DEPOSITS 1225895 1918603 X 99262989 99262989 30740 30740 99293729 93554282 -30740 -30740 93585022 12000 12000 93597022 PART X LINE 2 HEA APPLIES THE PROVISIONS OF TOPIC 740 OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. HEA ANNUALLY REVIEWS ITS TAX POSITIONS TAKEN IN ACCORDANCE WITH THE RECOGNITION STANDARDS. IT IS HEA MANAGEMENT'S OPINION THAT IT HAS NO UNCERTAIN TAX POSITIONS WHICH WOULD REQUIRE DISCLOSURE OR ADJUSTMENT IN THESE FINANCIAL STATEMENTS. PART XI LINE 4B OTHER REVENUE NETTED WITH OTHER EXPENSES PART XII LINE 2D OTHER REVENUE NETTED WITH OTHER EXPENSES PART XII LINE 4B SCHOLARSHIPS GIVEN FROM UNCLAIMED CAPITAL CREDITS true SCHOLARSHIPS 12 12000 990 SCH I, PART I, LINE 2 THE MEMBER SERVICES SUPERVISOR MANAGES THE SCHOLARSHIP PROGRAM AND MAINTAINS A COPY OF THE BOARD RESOLUTION APPROVING THE AWARD WINNERS. SCHOLARSHIP FUNDS ARE DISBURSED THROUGH THE RECIPIENT'S CHOSEN SCHOOL UPON NOTIFICATION OF THE STUDENT'S REGISTRATION BY THE SCHOOL'S FINANCIAL AID OR REGISTRAR'S OFFICE. SCHOLARSHIP FUNDS MUST BE DISTRIBUTED EQUALLY BETWEEN SEMESTERS. FUNDS MAY BE USED FOR REGISTRATION, TUITION, BOOKS, ROOM, BOARD, AND ANY ASSOCIATED STUDENT ENROLLMENT FEES. FUNDS MAY NOT BE APPLIED TOWARD TRANSPORTATION. ANY FUNDS NOT USED BY THE RECIPIENT WITHIN TWO SEMESTERS OF INITIAL REGISTRATION WILL REVERT TO THE HEA SCHOLARSHIP TRUST. SCHEDULE I, PART III OBJECTIVE OF SCHOLARSHIP PROGRAM TO PROVIDE FINANCIAL ASSISTANCE TO COOPERATIVE MEMBERS AND THEIR DEPENDENTS FOR POST HIGH SCHOOL EDUCATION AND/OR TECHNICAL TRAINING UNDER THE GUIDELINES OF THE ARECA EDUCATIONAL FOUNDATION AND HOMER ELECTRIC ASSOCIATION'S SCHOLARSHIP COMMITTEE. X X X false false false JANORSCHKE BRADLEY GENERAL MANAGER 281987 0 0 0 0 0 103180 0 33779 0 418946 0 HUTCHISON EMILY DIRECTOR OF FINANCE 163124 0 0 0 0 0 41913 0 14108 0 219145 0 AMBROSE JAMES DIRECTOR OF POWER, FUEL & DISP 202529 0 0 0 0 0 77768 0 33779 0 314076 0 PEERY MARK DIRECTOR OF ENGINEERING 199613 0 0 0 0 0 77009 0 33779 0 310401 0 DAY ROBERT MANAGER OF POWER PRODUCTION 180701 0 0 0 0 0 66946 0 33779 0 281426 0 LOVE JIMMY SERVICEMAN 186363 0 0 0 0 0 26045 0 20928 0 233336 0 SMITH LEON HOMER FOREMAN 179059 0 0 0 0 0 24620 0 20928 0 224607 0 FORM 990, PART VI, SECTION A, LINE 6 OUR MEMBERS CONSIST OF CUSTOMERS WITH ELECTRICAL SERVICE TO THEIR RESIDENCE OR BUSINESS. WE DO NOT HAVE ANY STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A AMENDMENTS TO OUR BYLAWS AND ELECTION OF BOARD MEMBERS ARE THE ONLY ISSUES THAT ELIGIBLE MEMBERS MAY VOTE ON DURING OUR ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11 THE DIRECTOR OF FINANCE REVIEWS THE COMPLETED FORM 990 AFTER IT IS PREPARED BY THE CPA FIRM. IT IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY BY REQUIRING QUARTERLY REVIEW OF ALL RELATED PARTY TRANSACTIONS BY THE BOARD FINANCE COMMITTEE PER BOARD POLICIES #723 AND #104. THE GENERAL MANAGER OBTAINS DISCLOSURES FROM AFFECTED EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGANIZATION'S GENERAL MANAGER INCLUDES REVIEW AND APPROVAL BY THE BOARD, COMPLETE WITH EXTERNAL REVIEW OF THE COMPENSATION PROCESS BY AN INDEPENDENT CONSULTANT. THE PROCESS FOR DETERMINING COMPENSATION FOR OTHER KEY EMPLOYEES OF THE ORGANIZATION IS IN ACCORDANCE WITH COMPANY POLICIES. NON-BARGAINING WAGE AND SALARY RATES ARE DETERMINED BY ANNUAL PERFORMANCE APPRAISALS AND A REVIEW OF NATIONAL COMPARABILITY DATA PROVIDED BY NATIONAL RURAL ELECTRIC COOPERATIVES ASSOCIATION (NRECA) COMPENSATION PROGRAM. THE COMPENSATION PLAN IS UPDATED ANNUALLY USING AN INDEPENDENT ASSOCIATION TO ENSURE THAT THE COMPENSATION MID-POINT REMAINS CONSISTENT WITH THE MARKET VALUE WHICH IS DETERMINED BY THE NATIONAL SALARY SURVEY. ALL OTHER EMPLOYEES ARE COMPENSATED IN ACCORDANCE WITH COLLECTIVELY BARGAINED AGREEMENTS WITH THEIR RESPECTIVE UNIONS. THE HUMAN RESOURCE DEPARTEMENT REGULARLY CONDUCTS COMPREHENSIVE RE-EVALUATION OF POSITIONS ON THE MATRIX AND WRITTEN DOCUMENTATION IS MAINTAINED IN CONFIDENTIAL PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO OUR MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS CAPITAL CREDITS RETIRED (127,482) DONATED CAPITAL INCREASE 49,257 MEMBERSHIP DECREASE (2,515) SCHOLARSHIPS GIVEN FROM UNCLAIMED CAPITAL CREDITS 12,000 ALASKA ELECTRIC AND ENERGY COOPERAT 3977 LAKE STREET HOMER AK 99603 920177236 ELECTRICAL AK 501(C)(12) N/A HEA true false false false false false false false false false false false false true true true true false false ALASKA ELECTRIC AND ENERGY COOP Q 11486196 MNTHLY INVOICES ALASKA ELECTRIC AND ENERGY COOP P 64282820 MNTHLY INVOICES