YAMPA VALLEY ELECTRIC ASSOCIATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: YAMPA VALLEY ELECTRIC ASSOCIATION INC (EIN 84-0358317)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-11-15
IRS object ID: 201303199349306600
Schema version: 2012v2.1
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
Form 990
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-15T13:13:47-06:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Schmidt & Company LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	923 NE Woods Chapel Rd Suite 304	AddressLine1
City	Lees Summit	City
State	MO	State
ZIP Code	64064	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	840358317	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	YAMPA VALLEY ELECTRIC ASSOCIATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	YAMP	NameControl

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 771218	AddressLine1
City	Steamboat Springs	City
State	CO	State
ZIP Code	80477	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	Robert Miller	Name
Title	Sec Treas & Fin	Title
Phone	9708791160	Phone
Date Signed	2013-05-08	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Roger Schmidt Jr	Name
PTIN	P01243694	PTIN
Phone	8883910229	Phone
Date Prepared	2013-11-15	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	Larry Cavillo	NameOfPrincipalOfficerPerson
Gross Receipts	57524403	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	www.yvea.com	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1940	YearFormation
State Legal Domicile	CO	StateLegalDomicile
Activity Or Mission Description	Provided electrical service to 21,067 meters in our designated service territory.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	9	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	9	NbrIndependentVotingMembers
Total Nbr Employees	64	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	57151792	ProgramServiceRevenuePriorYear
Program Service Revenue CY	57271891	ProgramServiceRevenueCY
Investment Income Prior Year	127941	InvestmentIncomePriorYear
Investment Income Current Year	126997	InvestmentIncomeCurrentYear
Other Revenue Prior Year	239749	OtherRevenuePriorYear
Other Revenue Current Year	125515	OtherRevenueCurrentYear
Total Revenue Prior Year	57519482	TotalRevenuePriorYear
Total Revenue Current Year	57524403	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	6520348	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	5221530	BenefitsPaidToMembersCY
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	50896848	OtherExpensePriorYear
Other Expenses Current Year	52302873	OtherExpensesCurrentYear
Total Expenses Prior Year	57417196	TotalExpensesPriorYear
Total Expenses Current Year	57524403	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	102286	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	0	RevenuesLessExpensesCY
Total Assets BOY	91348209	TotalAssetsBOY
Total Assets EOY	90417668	TotalAssetsEOY
Total Liabilities BOY	22749871	TotalLiabilitiesBOY
Total Liabilities EOY	23759742	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	68598338	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	66657926	NetAssetsOrFundBalancesEOY
Mission Description	Provided electrical service to 21,067 meters in our designated service territory.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	57524403	Expense
Revenue	57524403	Revenue
Description	Sale of electricity to members	Description
Total Program Service Expense	57524403	TotalProgramServiceExpense
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	64	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Gross Income From Members	57219464	GrossIncomeFromMembers
Gross Income Other Sources	186317	GrossIncomeOtherSources
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	9	NbrVotingGoverningBodyMembers
Number Independent Voting Members	9	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	true	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	true	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	false	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	true	InvestmentInJointVenture
Written Policy Or Procedure	false	WrittenPolicyOrProcedure
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	Robert Miller	NamePerson
Telephone Number	9708791160	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 771218	AddressLine1
City	Steamboat Springs	City
State	CO	State
ZIP Code	80477	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (16 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	Highest Compensated EmployeeHighestCompensatedEmployee
Dean Brosious
Chairman	38.00	X	X	17731	0	0
Frank Roitsch
Director	19.00	X		17023	0	0
Glynda Sheehan
Director	30.00	X		15981	0	0
Larry Ellgen
Director	5.00	X		5365	0	0
Mike Brinks
Director	10.00	X		6550	0	0
Patrick McClelland
Vice Chairman	24.00	X	X	15481	1200	0
Russell Garrity
Director	19.00	X		9877	0	0
Scott McGill
Director	18.00	X		15881	0	0
Thomas B Fox
Director	5.00	X		5580	0	0
Larry Cavillo
President and Gen Mgr	40.00		X	239667	0	0
Tom Sharp
Attorney to the Board	1.30		X	24730	0	0
James Chappell
Mgr Cons Accts	40.00			132027	0	0	X
Marty Hinson
Mgr Engineering	40.00			120609	0	0	X
Pete Montes
Elec Engineer	40.00			111571	0	0	X
Robert Miller
Sec Trs and Fin Mgr	40.00			124888	0	0	X
William Caynor
Mgr of Operations	40.00			122647	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	985608	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	1200	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	6	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
Electric Energy Sales	221000	56907020	56907020
Electric Services	221000	186929	186929
Joint Pole Rental	221000	52899		$52,899
Capital Credits	221000	125043	125043

Field	Value	IRS element (for citing)
Total Program Service Revenue	57271891	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	126997	TotalRevenueColumn
Exclusion	$126,997	ExclusionAmount

Other Revenue Misc OtherRevenueMisc (2 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
Other Revenue	900099	83481	83481
Non-utility ops	900099	42034	42034

Field	Value	IRS element (for citing)
Total Other Revenue	125515	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	57524403	TotalRevenueColumn
Related Or Exempt Function Income	57344507	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$179,896	ExclusionAmount

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	5221530	Total
Program Services	5221530	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	736024	Total
Program Services	736024	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	3588411	Total
Program Services	3588411	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
COST OF POWER PURCHASED	37346382	37346382
OPS & MAINT DIST PLANT	5468653	5468653
ACCT & COLLECT CUSTOMERS	1964696	1964696
A&G	2876982	2876982

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	321725	Total
Program Services	321725	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	57524403	Total
Program Services	57524403	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	11223734	BOY
EOY	8124824	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	4656122	BOY
EOY	4199705	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	628914	BOY
EOY	1009461	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	-990	BOY
EOY	2102	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	117885761	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	46583233	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	68852370	BOY
EOY	71302528	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
BOY	3826506	BOY
EOY	4000983	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	2161553	BOY
EOY	1778065	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	91348209	BOY
EOY	90417668	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	7601484	BOY
EOY	7391484	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	12913774	BOY
EOY	11658747	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	2234613	BOY
EOY	4709511	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	22749871	BOY
EOY	23759742	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	68598338	BOY
EOY	66657926	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	68598338	BOY
EOY	66657926	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	91348209	BOY
EOY	90417668	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	0	ReconcilationRevenueExpenses
Reconcilation Other Changes	-1940412	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Consolidated	X	FinancialStatementConsolidated

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	117885761	InvestmentCostOrOtherBasis
Depreciation	46583233	Depreciation
Book Value	71302528	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	71302528	TotalOfBookValueLandBuildings

Investments Program Related InvestmentsProgramRelated (8 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
Yampa Venture Services Inc	399646	C
Federated Rural Electric Insur	120008	C
NRUCFC	1827457	C
Paradigm Services LLC	200000	C
Western United Electric Supply	792544	C
Housing Assistance	88500	C
Deferred compensation	496511	C
Equities in other organization	76317	C

Field	Value	IRS element (for citing)
Total Of Book Value Program Related	4000983	TotalOfBookValueProgramRelated

Other Assets OtherAssets (4 entries)

DescriptionDescription	Book ValueBookValue
Loan conversion fees	17696
NRECA pension conversion	246553
PSCO surcharge	1514700
Software conversion	-884

Field	Value	IRS element (for citing)
Total Book Value Other Assets	1778065	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
Customer advances for construc	$3,577,923
Other advances	$930,663
Customer energy prepayments	$200,925

Field	Value	IRS element (for citing)
Total Of Amounts	4709511	TotalOfAmounts

Schedule J IRS990ScheduleJ

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	Larry Cavillo	NamePerson
Title	President and Gen Mgr	Title
Base Compensation Filing Org	239667	BaseCompensationFilingOrg
Total Compensation Filing Org	239667	TotalCompensationFilingOrg

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
O01	Members or stockholder classes and rights Part VI line 6	The Yampa Valley Electric Association, Inc. is a member owned cooperative. The Chairman of the Board of Directors appoints a nominating committee formed from Yampa Valley9s member owners. The nominating committee brings their nominations for Board of Director positions to the member owners at the annual meeting. The member owners cast their ballots to elect the Board of Directors during the annual meeting.
O02	Member election for additional members Part VI line 7a	See above paragraph.
O03	Governing body decisions Part VI line 7b	See above paragraph.
O04	Form 990 governing body review Part VI line 11	The Form 990 is provided to the Board of Directors for any discussion or comment.
O05	CEO executive director top management comp Part VI line 15a	The Board of Directors.
O06	Governing documents etc available to public Part VI line 19	The Yampa Valley Electric Association9s governing documents and financial statements are available upon request at the company headquarters located at 32 Tenth Street, Steamboat, Colorado during normal business hours.
O07	Explanation of other changes in net assets or fund balances Part XI line 9	Other changes in net assets include changes to donated capital, capital credits gain, and patrons9 capital credits during the year.
O08	General explanation attachment	Part IX, Line 4, Benefits paid to or for members-The Cooperative allocated patronage capital

Schedule R IRS990ScheduleR

Form990 Schedule R Part IV Form990ScheduleRPartIV

Name Of Related Org NameOfRelatedOrg

Field	Value	IRS element (for citing)
Business Name Line1	Yampa Venture Services Inc	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO Box 771218	AddressLine1
City	Steamboat Springs	City
State	CO	State
ZIP Code	80477	ZIPCode

Field	Value	IRS element (for citing)
EIN	841537973	EIN
Primary Activity	Telecommunications	PrimaryActivity
Legal Domicile State	CO	LegalDomicileState

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	Yampa Valley Electric Assn	BusinessNameLine1

Field	Value	IRS element (for citing)
Type Of Entity	C Corp	TypeOfEntity
Share Of EOY Assets	399646	ShareOfEOYAssets
Percentage Ownership	1.00000	PercentageOwnership
Controlled Org	false	ControlledOrg