2015-07-06T11:38:49-07:00 2014-12-31 990 2014-01-01 910267315 INLAND POWER & LIGHT CO INLA 5097477151 10110 W Hallett Rd Spokane WA 992247435 Sandi McKee CFO 5097477151 2015-06-30 2014 2016-02-25 16:41:14Z Chad Jensen 10110 W Hallett Rd Spokane WA 99224 75749078 0 X www.inlandpower.com X 1937 WA Distribution and sale of electricity 9 9 116 0 0 0 0 0 64258106 67021073 5957300 8099927 313297 304532 70528703 75425532 46513 44117 1630932 1625239 11193590 11327943 0 0 0 55432317 59630184 68303352 72627483 2225351 2798049 323681730 324187395 235952647 233470689 87729083 90716706 Distribution and sale of electricity 0 0 70963432 0 75386720 Distribution and sale of electricity. 0 0 0 70963432 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 0 0 1 57 0 1 116 1 0 0 0 0 0 74787903 7766830 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 Co 5097477151 10110 W Hallett Rd Spokane WA 992247435 James Kroll Secretary 7 0 X 31100 0 0 Gerald Davis Trustee 8 0 X 22101 0 5950 Garry Rosman Trustee 9 0 X 20895 0 11375 Gale Rettkowski Trustee 3 0 X 27491 0 1750 Dave Shill President 6 0 X 30535 0 0 Michelle Caird Trustee 9 0 X 18079 0 8750 Kristina Bahr Vice President 6 0 X 33646 0 0 Brian Slaybaugh Treasurer 7 0 X 34791 0 0 Richard Ziehnert Trustee 2 0 X 22157 0 5950 Chad Jensen CEO 50 1.0 X 226974 0 215795 Sandra McKee CFO 50 0 X 153906 0 153834 Kevin Shaw Foreman 65 0 X 209105 0 72482 Thomas Duncan Foreman 46 0 X 156603 0 42991 Josiah Thompson Journeyman Lineman 53 0 X 151685 0 32738 Dean Dryden Journeyman Lineman 56 0 X 150471 0 59525 Glen Best Chief Operating Officer 45 0 X 147099 0 113183 1436638 0 724323 45 0 1 0 Associated Arborists PO Box 2971 Hayden ID 838350000 Tree Reclearing 782016 Northwest Line Builders PO BOX 181 Nine Mile Falls WA 990260181 Line Construction 727119 Wilson Construction Po Box 1190 Canby OR 97013 Line Construction 715648 Jaco Construction Inc PO Box 1167 Ephrata WA 98823 Transformer Inspections 702869 Utility Partners Of America 7600 Pelham Rd Suite B Greenville SC 29615 Meter Installation 662850 9 0 0 0 0 0 0 0 0 Operating Revenue 221000 67021073 67021073 0 0 0 0 0 0 67021073 8333481 0 0 8333481 0 0 0 0 0 0 0 0 235340 0 3674 0 231666 0 231666 231666 0 0 0 86318 0 319872 0 -233554 -233554 -233554 0 0 0 Notes Receivable Interest 900099 2184 2184 0 0 Common Ditch Income 221000 57401 57401 0 0 Co-Gen Meter Income 221000 5997 5997 0 0 7284 7284 0 0 72866 75425532 67092051 0 8333481 28117 16000 0 1625239 773738 0 6838171 1483744 1653909 578381 106304 26545 34900 23627 59053 541148 23202 0 368365 1483947 0 272926 2540330 0 5964800 217589 Cost of Purchased Power 34757593 Interest on LT Debt for Bonneville Power 5366741 Utility Plant Operations 2891190 Utility Plant Maintenance 4938130 13794 72627483 0 0 0 878015 408445 1000000 0 0 0 8285460 8991523 0 0 0 0 35816 0 2382967 2405543 170873598 163587647 216397695 72377076 135805272 144020619 0 0 0 0 0 0 0 0 4420602 4773618 323681730 324187395 9862597 8607297 0 0 0 0 0 0 0 0 0 0 221921625 220791516 0 0 4168425 4071876 235952647 233470689 X 0 0 627170 646075 87101913 90070631 87729083 90716706 323681730 324187395 X 2798049 0 0 0 0 189574 X 0 1 X 1 0 2500 0 0 2500 2500 1 Washington Rural Electric Cooperative Political Action Committee PO BOX 7219 Olympia WA 98507 911236389 2500 0 Schedule C, Part I-A, Line 1 Contribution made to Washington Rural Electric Cooperative Political Action Committee. 3700 2244567 2248267 3455 13538159 2568430 10973184 0 0 0 0 0 192989980 69808646 123181334 0 7617834 0 7617834 144020619 0 Deposits 686957 Deferred Credits 3086846 Post Retirement Benefits 214428 Unamortized REA Gain 83645 4071876 75651390 0 0 0 -412 -412 75651802 0 -226270 -226270 75425532 71228102 0 0 0 -412 -412 71228514 0 1398969 1398969 72627483 Schedule D, Part XI, Line 2d Reclass amortization of gain on prepayment of REA debt and expenses related to common ditch income. Schedule D, Part XI, Line 4b Reclass miscellaneous non-operating expenses, depreciation, and loss on asset disposals. Schedule D, Part XII, Line 2d Reclass amortization of gain on prepayment of REA debt and expenses related to common ditch income. Schedule D, Part XII, Line 4b Reclass patronage capital paid to members, miscellaneous non-operating expenses, depreciation, and loss on asset disposals. 1 Spokane Neighborhood Action Program 2116 E First Ave Spokane WA 99202 911311127 501(c)(3) 10250 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. 1 0 College Scholarships for Legal Dependents of Inland Power & Light Members 18 16000 0 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 18 annual scholarship recipients. X X 1 0 0 Chad Jensen CEO 211974 0 15000 0 0 0 189564 0 26232 0 442770 0 0 0 Sandra McKee CFO 153210 0 696 0 0 0 131988 0 21846 0 307740 0 0 0 Kevin Shaw Foreman 209105 0 0 0 0 0 45253 0 27229 0 281587 0 0 0 Thomas Duncan Foreman 156603 0 0 0 0 0 21952 0 21039 0 199594 0 0 0 Josiah Thompson Journeyman Lineman 151685 0 0 0 0 0 32825 0 0 0 184510 0 0 0 Dean Dryden Journeyman Lineman 150471 0 0 0 0 0 32189 0 27336 0 209996 0 0 0 Glen Best Chief Operating Officer 142904 0 4195 0 0 0 91521 0 21662 0 260282 0 0 0 Schedule J, Part I, Line 4 Thomas Duncan received $15,673. Chad Jensen Current Trustee 4266298 Chad Jensen is the CEO for Inland Power & Light as well as a Trustee for General Pacific Inc. The amount of the transaction represents the total amount paid to General Pacific for electric materials and supplies during 2014. All checks were written directly to General Pacific; none were written to Mr. Jensen. In addition to the items we purchase from General Pacific, they reimburse Inland Power & Light for Mr. Jensen's travel to their meetings as well as provide him with a nominal amount of life insurance for his duties as a trustee. 0 Form 990, Part VI, Section A, Line 6 Inland Power & Light is a rural electric cooperative owned by its members. There are approximately 31,000 members and we serve 39,502 meters. There is only one class of members, which have the right to elect trustees, vote on changes to the Articles of Incorporation & Bylaws, mergers, and the disposal of property/assets in excess of 10% of the total assets of the cooperative. 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 The Form 990 and related schedules are prepared by the General Ledger Accountant and then reviewed in detail by the CFO. The Form 990 and schedules are then sent on to the CEO for review. A copy of the final version was provided to and reviewed with the board of trustees before it was filed. 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 form distributed 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 $18,905, increase in Other Margins and Equities through Acquired Patronage Capital, Forfeited Estate Patronage Capital, etc. of $170,485. The change in Patronage Capital by General Retirement, Bad Debt Recoveries, Estate Payments, etc. was ($1,625,239) 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 Inland Power Operation Round Up Fund l 9889 Members of Inland Power & Light are solicited for donations to Inland Power Operation Round Up on their monthly electric invoices and educated about the program and ways to donate in a monthly newsletter and at an annual meeting. The amounts are voluntary donations to round up their bill to the next dollar. Inland Power Operation Round Up Fund n 0 Inland Power Operation Round Up Fund is operated in the same office with the same equipment as Inland Power & Light Co. Inland Power Operation Round Up Fund o 0 Inland Power Operation Round Up Fund is managed by its own separate board of directors, however it is operated by the employees of Inland Power & Light Co.