MOUNTAIN VIEW ELECTRIC ASSOC INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- MOUNTAIN VIEW ELECTRIC ASSOC INC (EIN 84-0275175)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-13
- IRS object ID
- 202513179349310321
- Schema version
- 2024v5.2
- 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 | 2025-11-13T16:19:09-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 750882037 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BOLINGER SEGARS GILBERT AND MOSS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8215 NASHVILLE AVENUE | AddressLine1Txt |
| City | LUBBOCK | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 79423 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840275175 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MOUNTAIN VIEW ELECTRIC ASSOCIATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MOUN | BusinessNameControlTxt |
| Phone | 7197752861 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1600 | AddressLine1Txt |
| City | LIMON | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80828 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KEVIN PADDOCK | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 7197752861 | PhoneNum |
| Signature | 2025-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | WILLIAM M MILLER | PreparerPersonNm |
| PTIN | P00439459 | PTIN |
| Phone | 8067473806 | PhoneNum |
| Preparation | 2025-11-11 | PreparationDt |
| Self Employed | Yes (X) | SelfEmployedInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RUTH MARKS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1600 | AddressLine1Txt |
| City | LIMON | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80828 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $144,748,893 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.MVEA.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1941 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 180 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $2,306,933 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $129,419,736 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $141,896,546 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,325,002 | PYInvestmentIncomeAmt |
| CY Investment Income | $448,829 | CYInvestmentIncomeAmt |
| PY Other Revenue | $638,824 | PYOtherRevenueAmt |
| CY Other Revenue | $2,386,561 | CYOtherRevenueAmt |
| PY Total Revenue | $131,383,562 | PYTotalRevenueAmt |
| CY Total Revenue | $144,731,936 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $6,193 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $44,268 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $6,071,887 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $10,972,302 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $15,536,883 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $16,453,616 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $109,768,599 | PYOtherExpensesAmt |
| CY Other Expenses | $117,261,750 | CYOtherExpensesAmt |
| PY Total Expenses | $131,383,562 | PYTotalExpensesAmt |
| CY Total Expenses | $144,731,936 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $455,344,894 | TotalAssetsBOYAmt |
| Total Assets EOY | $514,034,456 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $304,604,619 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $351,419,956 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $150,740,275 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $162,614,500 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE OUR MEMBERS SAFE, RELIABLE, AFFORDABLE, AND RESPONSIBLE ELECTRIC SERVICE AND ACCESS TO BROADBAND SERVICES. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 65,098 ACTIVE SERVICES AT YEAR END. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 41 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 180 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Members And Shr Gross Income | $135,307,491 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $12,490,130 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL ANTHOS VP FINANCE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7197752861 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 1600 | AddressLine1Txt |
| City | LIMON | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80828 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | Yes (X) | InfoInScheduleOPartVIIInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| RICKY GORDON | ||||||||
| DIRECTOR | 2.90 | Yes (X) | $9,000 | $0 | $0 | |||
| EDWARD HERTNEKY | ||||||||
| DIRECTOR | 4.10 | Yes (X) | $10,800 | $0 | $0 | |||
| JOSEPH MARTIN | ||||||||
| ASSISTANT SECRETARY | 5.00 | Yes (X) | $15,900 | $0 | $0 | Yes (X) | ||
| MILTON MATHIS | ||||||||
| DIRECTOR | 5.20 | Yes (X) | $10,800 | $0 | $0 | |||
| KEVIN PADDOCK | ||||||||
| PRESIDENT | 9.90 | Yes (X) | $26,250 | $0 | $0 | Yes (X) | ||
| JAMES RIGGINS | ||||||||
| SECRETARY/TREASURER | 8.60 | Yes (X) | $18,600 | $0 | $0 | Yes (X) | ||
| BARRY SPRINGER | ||||||||
| VICE PRESIDENT | 9.30 | Yes (X) | $32,600 | $0 | $0 | Yes (X) | ||
| RUTH MARKS | ||||||||
| CEO | 48.40 | $324,830 | $0 | $185,347 | Yes (X) | |||
| MICHAEL ANTHOS | ||||||||
| VP FINANCE | 41.20 | $205,755 | $0 | $40,673 | Yes (X) | |||
| DAVID WALDNER | ||||||||
| VP ENGINEERING | 46.80 | $226,319 | $0 | $168,262 | Yes (X) | |||
| TERRYL JENSEN | ||||||||
| VP OPERATIONS (JAN-AUG) | 44.90 | $233,191 | $0 | $115,350 | Yes (X) | |||
| TODD SHAFFER | ||||||||
| VP OPERATIONS (SEPT-DEC) | 40.20 | $162,519 | $0 | $41,858 | Yes (X) | |||
| DENNIS SIMMONS | ||||||||
| VP TECHNICAL SERVICES | 40.00 | $213,341 | $0 | $48,262 | Yes (X) | |||
| LESLIE ULFERS | ||||||||
| SYSTEM ENGINEER I | 44.90 | $175,660 | $0 | $128,693 | Yes (X) | |||
| SARAH PINKERTON | ||||||||
| VP MEMBER ENGAGEMENT | 42.50 | $209,831 | $0 | $126,488 | Yes (X) | |||
| KRISTI HOBBS | ||||||||
| HR MANAGER | 43.00 | $176,753 | $0 | $71,000 | Yes (X) | |||
| NATHANIAL OURSLER | ||||||||
| INFORMATION SERVICES MANAG | 40.00 | $214,414 | $0 | $54,930 | Yes (X) | |||
| DAVID WILLIAMS | ||||||||
| OPERATIONS SUPERINTENDENT | 48.10 | $174,159 | $0 | $107,910 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,440,722 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,088,773 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 82 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BENTON TECHNICAL SERVICES INC | |||||
| 520 8TH AVENUE | SOUTH WILMINGTON | IL | 60474 | FIBER CONSTRUCTION CONTRACTOR | $10,523,692 |
| INTEGRITY INFRASTRUCTURE LLC | |||||
| 5560 S QUEBEC ST SUITE 350A | GREENWOOD VILLAGE | CO | 80111 | FIBER CONSTRUCTION CONTRACTOR | $9,284,418 |
| FOOTHILLS ENERGY SERVICES INC | |||||
| PO BOX 603 | FRANKTOWN | CO | 80116 | DISTRIBUTION PLANT CONSTRUCTION | $7,514,373 |
| CONEXON LLC | |||||
| 2001 GRAND BLVD STE 700 | KANSAS CITY | MO | 64108 | FIBER INSTALLATION COORDINATOR | $3,951,163 |
| MDR CONSTRUCTION INC | |||||
| 621 E BAYLIS CHAPEL RD | COLUMBIA | MS | 39429 | FIBER CONSTRUCTION CONTRACTOR | $2,209,723 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 19 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| SALES OF ELECTRICITY | 221000 | $134,499,525 | $134,499,525 |
| PATRONAGE DIVDENDS | 221000 | $6,545,491 | $6,545,491 |
| SERVICE FEES | 221000 | $795,556 | $795,556 |
| SALES FOR RESALE | 221000 | $55,974 | $55,974 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $141,896,546 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $199,295 | TotalRevenueColumnAmt |
| Exclusion | $199,295 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $253,534 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $4,000 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $249,534 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $249,534 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $249,534 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $12,410 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $12,957 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$547 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$547 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| FIBER LEASE REVENUE | 517000 | $2,306,933 | $2,306,933 | |
| POLE ATTACHMENT INCOME | 221000 | $78,172 | $78,172 | |
| MISCELLANEOUS NON-OPERATING REVEN | 221000 | $2,003 | $2,003 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,387,108 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $144,731,936 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $142,145,533 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,306,933 | UnrelatedBusinessRevenueAmt |
| Exclusion | $279,470 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $44,268 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,972,302 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,089,657 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,384,071 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,355,756 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,787,472 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $836,660 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,085,908 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,213,311 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $83,453,265 |
| DISTRIBUTION EXPENSE | $7,966,868 |
| CONSUMER EXPENSE | $2,271,779 |
| ADMIN & GENERAL EXPENSE | $2,146,470 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,124,149 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $144,731,936 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,194,975 | BOYAmt |
| EOY | $3,482,613 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,013,000 | BOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,078,898 | BOYAmt |
| EOY | $7,083,392 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,170,557 | BOYAmt |
| EOY | $23,498,963 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,319,476 | BOYAmt |
| EOY | $1,035,632 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $509,592,960 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $118,489,744 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $334,231,381 | BOYAmt |
| EOY | $391,103,216 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,443,925 | BOYAmt |
| EOY | $78,529,075 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,892,682 | BOYAmt |
| EOY | $9,301,565 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $455,344,894 | BOYAmt |
| EOY | $514,034,456 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,845,074 | BOYAmt |
| EOY | $22,237,366 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $4,000,000 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $272,622,767 | BOYAmt |
| EOY | $313,142,711 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,136,778 | BOYAmt |
| EOY | $12,039,879 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $304,604,619 | BOYAmt |
| EOY | $351,419,956 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,579,569 | BOYAmt |
| EOY | $8,609,522 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,160,706 | BOYAmt |
| EOY | $154,004,978 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,740,275 | BOYAmt |
| EOY | $162,614,500 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $455,344,894 | BOYAmt |
| EOY | $514,034,456 | 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 | $11,874,225 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,798,962 | OtherCostOrOtherBasisAmt |
| Book Value | $1,798,962 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $20,576,517 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,740,667 | DepreciationAmt |
| Book Value | $13,835,850 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $394,198,289 | OtherCostOrOtherBasisAmt |
| Depreciation | $111,749,077 | DepreciationAmt |
| Book Value | $282,449,212 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $93,019,192 | OtherCostOrOtherBasisAmt |
| Book Value | $93,019,192 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $391,103,216 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (10 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENTS IN ASSOCIATED ORGANIZATIONS | $602,768 | C |
| CAPITAL TERM CERTIFICATES | $1,098,622 | C |
| PATRONAGE CAPITAL - CRC | $32,410 | C |
| PATRONAGE CAPITAL - TSG&T | $67,168,140 | C |
| PATRONAGE CAPITAL - NRUCFC | $1,457,891 | C |
| PATRONAGE CAPITAL - WUESC | $7,759,149 | C |
| PATRONAGE CAPITAL - NISC | $342,146 | C |
| PATRONAGE CAPITAL - COBANK | $14,539 | C |
| PATRONAGE CAPITAL - OTHER | $2,352 | C |
| OTHER PROGRAM RELATED INVESTMENTS | $51,058 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $78,529,075 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED INTEREST | $938,814 |
| ACCRUED OPERATING TAXES | $2,730,348 |
| ACCUMULATED PROVISION FOR PENSION & BENEFITS | $724,820 |
| ADVANCES FOR CONSTRUCTION | $3,683,986 |
| CONSUMER DEPOSITS | $2,535,114 |
| ENERGY PREPAYMENTS | $1,150,747 |
| AMORTIZATION OF INDET REFUNDS | $276,050 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $12,039,879 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IX: | FormAndLineReferenceDesc |
| Explanation | THE AMOUNT OF OTHER ASSETS ON FORM 990, PAGE 11, PART X, LINE 15 DOES NOT EQUAL OR EXCEED 5 PERCENT OF THE TOTAL ASSETS ON FORM 990, PAGE 11, PART X, LINE 16, COLUMN B. CONSEQUENTLY, IN ACCORDANCE WITH IRS INSTRUCTIONS, SCHEDULE D, PART IX HAS BEEN LEFT BLANK. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NAVAJO TRIBAL UTILITY AUTHORITY | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 170 | AddressLine1Txt |
| City | FORT DEFIANCE | CityNm |
| State Abbreviation | AZ | StateAbbreviationCd |
| ZIP | 86504 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 860204662 | RecipientEIN |
| IRC Section | 170 | IRCSectionDesc |
| Cash Grant | $0 | CashGrantAmt |
| Non Cash Assistance | $28,499 | NonCashAssistanceAmt |
| Valuation Method Used | CASH AMOUNT | ValuationMethodUsedDesc |
| Purpose Of Grant | EMPLOYEE LABOR, OVERHEAD, AND MEALS. | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Org | 1 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II: | FormAndLineReferenceDesc |
| Explanation | ALL GRANTS, SPONSORSHIPS, AND/OR DONATIONS ARE MADE TO NON-PROFIT AND CIVIC ORGANIZATIONS THAT ARE LOCATED IN THE COOPERATIVE'S SERVICE AREA, AND ARE INTENDED TO IMPROVE THE COMMUNITIES IN WHICH OUR MEMBERS RESIDE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (11 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RUTH MARKS | ||||||||||||||
| CEO | $321,558 | $0 | $150 | $0 | $3,122 | $0 | $152,162 | $0 | $33,185 | $0 | $510,177 | $0 | $0 | $0 |
| DAVID WALDNER | ||||||||||||||
| VP ENGINEERING | $215,638 | $0 | $150 | $0 | $10,531 | $0 | $130,428 | $0 | $37,834 | $0 | $394,581 | $0 | $0 | $0 |
| TERRYL JENSEN | ||||||||||||||
| VP OPERATIONS (JAN-AUG) | $155,151 | $0 | $0 | $0 | $78,040 | $0 | $86,805 | $0 | $28,545 | $0 | $348,541 | $0 | $0 | $0 |
| SARAH PINKERTON | ||||||||||||||
| VP MEMBER ENGAGEMENT | $207,714 | $0 | $150 | $0 | $1,967 | $0 | $91,843 | $0 | $34,645 | $0 | $336,319 | $0 | $0 | $0 |
| LESLIE ULFERS | ||||||||||||||
| SYSTEM ENGINEER I | $166,674 | $0 | $150 | $0 | $8,836 | $0 | $93,753 | $0 | $34,940 | $0 | $304,353 | $0 | $0 | $0 |
| DAVID WILLIAMS | ||||||||||||||
| OPERATIONS SUPERINTENDENT | $169,139 | $0 | $150 | $0 | $4,870 | $0 | $73,083 | $0 | $34,827 | $0 | $282,069 | $0 | $0 | $0 |
| NATHANIAL OURSLER | ||||||||||||||
| INFORMATION SERVICES MANAG | $213,807 | $0 | $150 | $0 | $457 | $0 | $26,378 | $0 | $28,552 | $0 | $269,344 | $0 | $0 | $0 |
| DENNIS SIMMONS | ||||||||||||||
| VP TECHNICAL SERVICES | $211,298 | $0 | $150 | $0 | $1,893 | $0 | $32,498 | $0 | $15,764 | $0 | $261,603 | $0 | $0 | $0 |
| KRISTI HOBBS | ||||||||||||||
| HR MANAGER | $175,715 | $0 | $150 | $0 | $888 | $0 | $34,317 | $0 | $36,683 | $0 | $247,753 | $0 | $0 | $0 |
| MICHAEL ANTHOS | ||||||||||||||
| VP FINANCE | $205,157 | $0 | $150 | $0 | $448 | $0 | $7,500 | $0 | $33,173 | $0 | $246,428 | $0 | $0 | $0 |
| TODD SHAFFER | ||||||||||||||
| VP OPERATIONS (SEPT-DEC) | $161,591 | $0 | $150 | $0 | $778 | $0 | $13,371 | $0 | $28,487 | $0 | $204,377 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 4A | DURING THE YEAR, TERRYL JENSEN RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $54,048. |
| PART II, COLUMN C: | INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. RUTH MARKS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $145,612 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,550 TOTAL REPORTED IN COLUMN C $152,162 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (145,612) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 49,800 EXPENSE TO THE COOPERATIVE $ 56,350 DAVID WALDNER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $125,895 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,533 TOTAL REPORTED IN COLUMN C $130,428 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (125,895) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 54,196 EXPENSE TO THE COOPERATIVE $ 58,729 TERRYL JENSEN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 83,533 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,272 TOTAL REPORTED IN COLUMN C $ 86,805 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (83,533) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,006 EXPENSE TO THE COOPERATIVE $ 29,278 SARAH PINKERTON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 87,531 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,312 TOTAL REPORTED IN COLUMN C $ 91,843 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (87,531) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 51,553 EXPENSE TO THE COOPERATIVE $ 55,865 LESLIE ULFERS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 90,252 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,501 TOTAL REPORTED IN COLUMN C $ 93,753 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (90,252) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 41,857 EXPENSE TO THE COOPERATIVE $ 45,358 DAVID WILLIAMS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 70,011 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,072 TOTAL REPORTED IN COLUMN C $ 73,083 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (70,011) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 36,337 EXPENSE TO THE COOPERATIVE $ 39,409 NATHANIAL OUSLER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 22,066 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,312 TOTAL REPORTED IN COLUMN C $ 26,378 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (22,066) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 34,675 EXPENSE TO THE COOPERATIVE $ 38,987 DENNIS SIMMONS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 28,186 EMPLOYER CONTRIBUTION TO 401(K) PLAN 4,312 TOTAL REPORTED IN COLUMN C $ 32,498 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (28,186) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 34,675 EXPENSE TO THE COOPERATIVE $ 38,987 KRISTI HOBBS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 30,601 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,716 TOTAL REPORTED IN COLUMN C $ 34,317 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (30,601) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 29,880 EXPENSE TO THE COOPERATIVE $ 33,596 MICHAEL ANTHOS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 6,439 EMPLOYER CONTRIBUTION TO 401(K) PLAN 1,061 TOTAL REPORTED IN COLUMN C $ 7,500 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (6,439) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 17,015 EXPENSE TO THE COOPERATIVE $ 18,076 TODD SHAFFER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 11,061 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,310 TOTAL REPORTED IN COLUMN C $ 13,371 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (11,061) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 15,715 EXPENSE TO THE COOPERATIVE $ 18,025 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (19 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE COOPERATIVE HAS 7 BOARD MEMBERS; ALL 7 ARE ALLOWED TO VOTE, HOWEVER THE BOARD PRESIDENT VOTES ONLY IN THE CASE OF A TIE. |
| FORM 990, PART VI, SECTION A, LINE 4 | DURING THE YEAR, THE COOPERATIVE'S BYLAWS WERE AMENDED. THE FOLLOWING IS A SUMMARY OF THE CHANGES: ARTICLE XIII: FAILURE TO CLAIM PROPERTY AMENDED THE TIME PERIOD THAT THE MEMBER OR PATRON HAS TO CLAIM PROPERTY OR FUNDS FROM SIX (6) YEARS TO THREE (3) YEARS. A COMPLETE COPY OF THE BYLAWS CAN BE FOUND ON THE COOPERATIVE'S WEBSITE: WWW.MVEA.COOP/ABOUT-US/BY-LAWS/. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION 3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS 4. AMENDMENT TO THE ARTICLES OF INCORPORATION |
| FORM 990, PART VI, SECTION A, LINE 8B | THE COOPERATIVE HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, THE QUESTION HAS BEEN ANSWERED "NO". |
| FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION AND REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS REGULARLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. SUCH COMPLIANCE INVOLVES A "CERTIFICATE TO DISCLOSE ANY CONFLICTS OF INTEREST", WHICH IS COMPLETED ANNUALLY BY EACH DIRECTOR, THE CEO, EACH EXECUTIVE TEAM MEMBER AND THE COOPERATIVE'S ATTORNEY. IN ADDITION, ANY NEWLY APPOINTED OR ELECTED BOARD MEMBERS OR INDIVIDUALS RECENTLY HIRED IN THE CAPACITY OF CEO, EXECUTIVE TEAM MEMBER OR THE COOPERATIVE ATTORNEY WILL COMPLETE A CERTIFICATE. THESE CETIFICATES WILL BE SUBMITTED TO THE BOARD PRESIDENT FOR REVIEW AND APPROPRIATE ACTION. THE ATTORNEY IS RESPONSIBLE FOR MAINTAINING A CURRENT FILE OF THESE CERTIFICATES. IT IS THE GOAL OF THE POLICY FOR THE DIRECTORS, CEO, EXECUTIVE TEAM AND THE COOPERATIVE'S ATTORNEY TO AVOID THE APPEARANCE OR EXISTENCE OF CONFLICTS OF INTEREST. WHEN A POTENTIAL CONFLICT OF INTEREST OR A SITUATION ARISES THAT VIOLATES, MAY VIOLATE OR COULD APPEAR TO VIOLATE THE INTENT OF THE POLICY, A FULL AND OPEN DISCLOSURE OF THE FACTS SHALL BE MADE TO THE BOARD. THE BOARD THEN MAKES THE PROPER INQUIRY, REQUESTS THE OPINION OF THE COOPERATIVE'S ATTORNEY AND MAKES A DETERMINATION IF A VIOLATION OF THE POLICY OR A CONFLICT OF INTEREST EXISTS. IF THIS DETERMINATION IS MADE, THE DIRECTOR WILL BE EXCUSED FROM THE MEETING AND NOT ALLOWED TO PARTICIPATE IN THE DISCUSSION AND DECISIONS ON SUCH MATTERS. IF A DIRECTOR WITH A CONFLICT OF INTEREST THAT IS KNOWN TO OTHER DIRECTORS DOES NOT DECLARE THE CONFLICT OF INTERET OR LEAVE THE MEETING FOLLOWING SUCH DECLARATION, THE BOARD MAY, UPON MOTION, VOTE TO DIRECT THE DIRECTOR LEAVE THE MEETING FOR DISCUSSION AND VOTE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS ANNUALLY APPROVES THE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER. THIS PROCESS INVOLVES THE USE OF A THIRD PARTY COMPENSATION SURVEY AND AN INTERNAL PERFORMANCE REVIEW. THE CHIEF EXECUTIVE OFFICER USES A COMPENSATION SURVEY AND INDEPENDENT CONSULTANT WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT THE STATE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE MEMBERS AND PUBLIC UPON REQUEST. THE BYLAWS AND THE ANNUAL REPORT, WHICH INCLUDES A SUMMARIZED SET OF FINANCIAL STATEMENTS, CAN ALSO BE FOUND ON THE COOPERATIVE'S WEBSITE (WWW.MVEA.COOP). |
| FORM 990, PART VII, COLUMN F: | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION TO SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES IS COMPRISED OF THE ACTUARIAL INCREASE IN BENEFITS FOR THE DEFINED BENEFIT PLAN, TOTAL AMOUNT CONTRIBUTED BY THE ASSOCIATION TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. |
| FORM 990, PART VIII, LINE 2B: | PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. |
| FORM 990, PART IX: | THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS (USOA) AS PRESCRIBED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICE. THE USOA GENERALLY DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THE COOPERATIVE SEPARATELY REPORTS SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH ITS ACCOUNTING SYSTEM. ALL OTHER EXPENSES OF THE COOPERATIVE ARE REPORTED ON THE APPLICABLE LINE BASED ON THE FUNCTIONAL EXPENSE CATEGORIES REQUIRED BY THE USOA. |
| FORM 990, PART IX, LINES 5-7: | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. THE FOLLOWING SCHEDULE RECONCILES AMOUNTS REPORTED ON LINES 5-7 TO THE TOTAL WAGES ACCRUED AND/OR PAID: TOTAL PER LINES 5-7 $12,468,781 LESS: DIRECTOR FEES REPORTED ON FORMS 1099-NEC (123,950) LESS: EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (226,020) LESS: KEY EMPLOYEE BENEFITS INCLUDED IN LINE 5 (368,785) PLUS: SALARIES & WAGES ALLOCATED TO NONOPERATING MARGINS 83,783 PLUS: SALARIES AND WAGES CAPITALIZED DIRECTLY TO PLANT 6,504,106 PLUS: SALARIES AND WAGES CAPITALIZED/EXPENSED INDIRECTLY THROUGH CLEARING AND OTHER ACCOUNTS 623,606 TOTAL WAGES ACCRUED AND/OR PAID $18,961,521 |
| FORM 990, PART IX, LINE 24: | ADMINISTRATIVE & GENERAL EXPENSE IS COMPRISED OF THE FOLLOWING: ADMINISTRATIVE & GENERAL SALARIES, BENEFITS, & OTHER $ 3,579,200 OFFICE SUPPLIES 261,921 OUTSIDE SERVICES 490,868 EMPLOYEE BENEFITS & TRAINING 150,875 INSURANCES AND DAMAGES 40,171 DIRECTORS 211,022 ANNUAL MEETING EXPENSE 202,171 CAPITAL CREDITS EXPENSE 63,055 DUES TO ASSOCIATED ORGANIZATIONS 174,200 MISCELLANEOUS GENERAL EXPENSE 41,258 REGULATORY COMMISSION 13,899 RENT EXPENSE 42,914 PROPERTY TAXES 33,989 MAINTENANCE OF GENERAL PLANT 1,343,119 OTHER - CHARGES FOR INTERNAL USE OF ELECTRICITY (203,629) TOTAL ADMIN & GENERAL EXP PER FINANCIAL STATEMENTS $ 6,445,033 LESS: RECLASS OF DIRECTOR FEES TO PART IX, LINE 5 (123,950) LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (3,003,847) LESS: RECLASS OF BENEFITS TO PART IX, LINES 8-10 (1,170,766) TOTAL ADMIN & GENERAL EXPENSE PER FORM 990, PART IX $ 2,146,470 |
| FORM 990, PART IX, LINE 24E: | OTHER EXPENSES IS COMPRISED OF THE FOLLOWING: SALES EXPENSE $ 832,470 TRANSMISSION EXPENSE 135,776 OTHER DEDUCTIONS 821,930 TOTAL OTHER EXPENSES BEFORE RECLASSIFICATION $ 1,790,176 LESS: RECLASS OF LABOR TO PART IX, LINES 5 & 7 (479,240) LESS: RELCASS OF BENEFITS TO PART IX, LINES 5 & 7 (186,787) TOTAL OTHER EXPENSES PER FORM 990, LINE 24E $ 1,124,149 |
| FORM 990, PART IX, LINE 4: | PURSUANT TO THE FORM 990 INSTRUCTIONS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID TO THE MEMBERS (HEREINAFTER REFERRED TO AS "PATRONS") SHOULD BE REPORTED ON PART IX, LINE 4. THE PHRASE "PATRONAGE DIVIDENDS PAID" REFERS TO THE PROCESS, SUBSEQUENT TO YEAR-END, BY WHICH THE COOPERATIVE ALLOCATES PATRONAGE CAPITAL TO AND, THEREFORE, OPERATES AT COST WITH ITS PATRONS. THE COOPERATIVE'S TAX EXEMPT PURPOSE IS TO PROVIDE ELECTRICITY TO ITS PATRONS AND TO DO SO ON A COOPERATIVE BASIS. TAX LAW DEFINES "OPERATING ON A COOPERATIVE BASIS" AS SUBORDINATION OF CAPITAL, DEMOCRATIC CONTROL, AND OPERATION AT COST. THE COOPERATIVE OPERATES AT COST THROUGH THE ALLOCATION OF TRUE PATRONAGE DIVIDENDS (ALSO REFERRED TO AS ALLOCATIONS OF PATRONAGE CAPITAL) TO ITS PATRONS. PATRONAGE DIVIDENDS ARE CONSIDERED PAID IF THE ALLOCATION IS MADE (1) PURSUANT TO A PRE-EXISTING OBLIGATION, (2) FROM THE MARGINS PRODUCED FROM THE TRANSACTIONS DONE WITH OR FOR PATRONS, AND (3) IN A FAIR AND EQUITABLE MANNER ON THE BASIS OF PATRONAGE (I.E. PURCHASES). ADDITIONALLY, THE ALLOCATION OF PATRONAGE DIVIDENDS SHOULD BE MADE WITHIN A REASONABLE TIME PERIOD AFTER THE CLOSE OF THE COOPERATIVE'S CALENDAR TAX YEAR-END OF DECEMBER 31. EACH ONE OF THESE REQUIREMENTS FOR A TRUE PATRONAGE DIVIDEND IS PROVIDED FOR IN THE NON-PROFIT OPERATION ARTICLE OF THE COOPERATIVE'S BYLAWS. THE AMOUNT REPORTED ON PART IX, LINE 4 REPRESENTS THE AMOUNT OF PATRONAGE CAPITAL THAT IS EITHER ALLOCATED OR TO BE ALLOCATED TO THE PATRONS RESULTING FROM THEIR PURCHASE OF ELECTRICITY FROM THE COOPERATIVE FOR THE 2024 CALENDAR YEAR. BECAUSE PATRONAGE DIVIDENDS ARE THE PROCESS BY WHICH THE COOPERATIVE OPERATES AT COST WITH ITS PATRONS AND THEREBY A KEY COMPONENT TO ACCOMPLISHING ITS EXEMPT PURPOSE, THE COOPERATIVE HAS REPORTED SUCH AMOUNTS AS AN EXPENSE FOR FORM 990 REPORTING. PATRONAGE DIVIDENDS ARE NOT AN EXPENSE FOR FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, HOWEVER. |
| FORM 990, PART XI, LINE 9: | PATRONAGE CAPITAL ASSIGNED OR ASSIGNABLE 10,972,302. PATRONAGE CAPITAL RETIRED - TOTAL -2,015,530. PATRONAGE CAPITAL RETIRED - DISCOUNT 138,205. OTHER COMPREHENSIVE INCOME -112,499. UNCLAIMED PATRONAGE CAPITAL RECLAIMED 2,891,747. |
| FORM 990, PART XII, LINE 2B: | AUDITED FINANCIAL STATEMENTS WERE PREPARED BY AN INDEPENDENT ACCOUNTANT FOR THE COOPERATIVE'S FINANCIAL STATEMENT AUDIT YEAR-END OF JULY 31ST. THE TAX RETURN HAS BEEN AND CONTINUES TO BE PREPARED BASED ON A CALENDAR TAX YEAR-END OF DECEMBER 31. |