2014-08-08T16:34:09-07:00 2013-12-31 990 2013-01-01 840235244 Intermountain Rural Electric Association INTE 3036883100 5496 North Highway 85 Sedalia CO 80135 Patrick Mooney General Manager 2014-08-08 2013 2015-11-30 17:44:51Z Patrick Mooney 2142 S Milwaukee St Denver CO 80210 280631963 false false X www.irea.coop X 1938 CO The Association was established as a Rural Electric Distribution Cooperative to provide electric utility service within its service territory. 7 7 248 0 0 254872975 279852688 149281 104959 1653 1680 255023909 279959327 0 12292559 28640944 20906365 20590150 0 0 221674004 230728233 254872928 279959327 150981 0 1013477035 1050307072 826922357 821397588 186554678 228909484 The Association was established as a Rural Electric Distribution Cooperative to provide electric utility service within its service territory. false false 279959327 279959327 The Association distributed electricity to 143,651 member consumers in 11 Colorado counties. 279959327 false false true false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true 128 0 true 248 true false false false false false false false false false 274474060 5278669 false false false X 7 7 false false false false true true true true true false false false true false true true true true true true false X Anne Thomas Finance Manager 3036883100 5496 N Highway 85 Sedalia CO 801358618 Timothy L White President 5.00 0.00 X X 36339 0 0 Eugene Sperry Sec/Treasurer 3.00 0.00 X X 31615 0 0 James C Dozier Asst. Sec/Treas 5.00 0.00 X X 37115 0 0 Bruff Shea Vice President 4.00 0.00 X X 32931 0 0 Michael Kempe Director 3.00 0.00 X 11219 0 0 James T Anest Director 3.00 0.00 X 36223 0 0 Robert W Graf Director 5.00 0.00 X 27152 0 0 Anne Thomas Finance Manager 40.00 0.00 X 206519 0 53092 Patrick Mooney General Manager 40.00 0.00 X 408289 0 40345 Walter Jones Asst. General Manager 40.00 0.00 X 306212 0 37520 Konstantinos Lagos Purchasing & Facilities Mgr 40.00 0.00 X 200801 0 41017 Gerald R Hacker Mgr of HR 40.00 0.00 X 168118 0 47349 Dana Mike Kopp Mgr Public Affairs 40.00 0.00 X 155892 0 50385 Edwin Jenks Jr Mgr of Operations 40.00 0.00 X 172039 0 43425 Amanda Zimmerman Cons/Info Svcs Mgr 40.00 0.00 X 163041 0 33136 Pamela L Feuerstein Mgr of Engineering 40.00 0.00 X 159922 0 30284 2153427 376553 70 false true false Colorado Powerline Inc 5401 N Peterson Rd Sedalia CO 80112 Utility Construction 17999763 Novinium Inc 1221 29th St NW Ste D Auburn WA 98001 Utility cable svc 4313350 Utilx Corporation PO Box 97009 Kent WA 98064 Utility cable svc 3439437 Stuart C Irby Co PO Box 843989 Dallas TX 75284 Electrical supplies 1108385 Wright Tree Service Inc PO Box 1718 Des Moines IA 50306 Vegetation mgt 970307 21 0 All Other Program Service 221000 153828 153828 Distrib. of Electricity 221000 273827269 273827269 Joint Pole Revenue 900002 879234 879234 Other Service Revenues 221000 642395 642395 Patronage Capital Credits 221000 4349962 4349962 279852688 191208 191208 0 0 12745 11065 1680 1680 1680 322 575000 48 661523 274 -86523 -86249 -86249 0 0 0 0 279959327 278973454 985873 0 0 0 28640944 2153427 0 10510621 3562760 3009051 1354291 0 154039 70000 99579 0 0 132595 0 1115605 0 0 0 0 0 124886 46526067 0 28808279 662447 Gen/Purchased Power 124505669 Property,Franchise,&Income Tax 16440799 Maintenance Expenses 6171892 Operations & Customer Exps 4275853 1640523 279959327 0 0 0 4900069 3159168 10488706 33003865 0 10639959 30594739 0 0 0 2474932 2247286 13800954 12456516 1163369959 215949377 950150384 947420582 67849 64225 0 19169430 20640934 0 1784752 719757 1013477035 1050307072 14722663 15911009 765535160 757914638 46664534 47571941 826922357 821397588 X 634995 644500 185919683 228264984 186554678 228909484 1013477035 1050307072 X 0 42354806 X false true X true false 22500 22500 true COLORADO LEADERSHIP FUND P O Box 238 Denver CO 80201 841664434 10000 Senate Majority Fund 1620 Platte Street 438 Denver CO 80202 451353357 10000 Colorado Business PAC 1600 Broadway Suite 1000 Denver CO 80202 841005921 250 Colo Assoc for Commerce Industry 1600 Broadway Suite 1000 Denver CO 80202 840174402 250 Colorado Republican Leadership Fund 2318 Curtis St Denver CO 80205 272888588 500 Conservative Leadership PAC 2318 Curtis St Denver CO 80205 455509270 500 Liberty Leadership PAC 318 W Circle Dr Canon City CO 81212 455360991 500 Peak Leadership Committee PO Box 76588 Colorado Springs CO 80970 273466926 500 10651784 10651784 13202704 4578238 8624466 1139719156 211575103 928144053 -203685 -203964 279 947420582 Asset Retirement Obligation 5099128 CURRENT TAXES,INT.,& OTHER LIABILITIES 20243176 CUSTOMER DEPOSITS 1124114 DEFERRED CREDITS 6851095 POST RETIREMENT BENEFITS & PENSION 14254428 47571941 X true true X X X X false true false Amanda Zimmerman Cons/Info Svcs Mgr 136827 13025 13189 6794 26342 196177 Anne Thomas Finance Manager 164250 17075 25194 27089 26003 259611 Dana Mike Kopp Mgr Public Affairs 140264 9025 6603 25363 25022 206277 Edwin Jenks Jr Mgr of Operations 139433 10100 22506 15620 27805 215464 Gerald R Hacker Mgr of HR 144403 15050 8665 18846 28503 215467 Konstantinos Lagos Purchasing & Facilities Mgr 147280 30100 23421 13120 27897 241818 Pamela L Feuerstein Mgr of Engineering 141756 6025 12141 10072 20212 190206 Patrick Mooney General Manager 346958 35025 26306 12415 27930 448634 Walter Jones Asst. General Manager 221600 35025 49587 10200 27320 343732 Part I, Line 1a: Relevant information in regards to selections on 1a. The Association provides up to $300 toward dues of a wellness program as a taxable benefit available to employees. Six of the above individuals are participating in this benefit. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder The Association is comprised of approximately 143,700 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 Finance Manager, 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 General Manager. 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 General Manager 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 General Manager and at the director level. Restrictions on persons with a conflict generally result in removing the person from decision making authority concerning the conflict. It may include a director abstaining from vote on the related agenda item. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation of the General Manager 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 General Manager, using comparisons with industry standards, with other cooperatives, and in consideration of local employment and economic markets. The resulting recommendations are reviewed by the General Manager 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 Decreases = -$0 Other Changes In Net Assets Or Fund Balances - Other Increases Benefits Paid to Members/Margin Allocation = $28640944 Other Changes In Net Assets Or Fund Balances - Other Increases MEMBERSHIP FEES = $9505 Other Changes In Net Assets Or Fund Balances - Other Increases Other Comprehensive Income = $1076105 Other Changes In Net Assets Or Fund Balances - Other Decreases PCC Refund = -$3437197 Other Changes In Net Assets Or Fund Balances - Other Increases Prior Periods Unbilled Rev - Margin Alloc = $15794280 Other Changes In Net Assets Or Fund Balances - Other Increases UNCLAIMED CAPITAL CREDITS = $271169 Form 990, Part IX, Line 4 - Statement of Financial Expenses The amount shown as Benefits paid to or for members represents the Patronage Capital Credit 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 10a - Gov, Mgt & Disc - Assoc Dist Offices In addition to its Association Headquarters in Sedalia, the Association maintains three separately located District offices in Strasburg, Conifer, and Woodland Park, Colorado. Form 990, Part VI, Line 10b - Gov, Mgt & Disc - Assoc Dist Offices All offices are under the common management of the Board of Directors, and subject to the same written policies and procedures governing the activities of the Association. 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 770 megawatt coal-fired electric power generation plant in Pueblo, Colorado known as Comanche III. The Association's total investment is about $387,000,000 for its 25.333% ownership interest. Public Service Company of Colorado operates this 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 expectation of receiving revenue or profits; therefore, no written policy or procedure is necessary.