SOUTHEAST COLORADO POWER ASSOCIATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: SOUTHEAST COLORADO POWER ASSOCIATION (EIN 84-0147605)
Tax period: 2010-01-01 to 2010-12-31
Filed: 2011-11-14
IRS object ID: 201143189349308019
Schema version: 2010v3.4
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 O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2011-11-14T22:24:30-06:00	Timestamp
Tax Period End Date	2010-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

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

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1701 SW US Highway 40	AddressLine1
City	Blue Springs	City
State	MO	State
ZIP Code	64015	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2010-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	840147605	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	SOUTHEAST COLORADO POWER ASSOCIATIO	BusinessNameLine1

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

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 521	AddressLine1
City	La Junta	City
State	CO	State
ZIP Code	81050	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	RICHARD WILSON	Name
Title	CEO	Title
Phone	7193842551	Phone
Date Signed	2011-11-02	DateSigned
Authorize Third Party	false	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	Roger Schmidt Jr	Name
Phone	8162290277	Phone
Date Prepared	2011-11-14	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	RICHARD WILSON	NameOfPrincipalOfficerPerson
Gross Receipts	24483753	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1939	YearFormation
State Legal Domicile	CO	StateLegalDomicile
Activity Or Mission Description	SALE OF ELECTRICITY TO MEMBERS	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	74	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	24073934	ProgramServiceRevenuePriorYear
Program Service Revenue CY	24414320	ProgramServiceRevenueCY
Investment Income Prior Year	28741	InvestmentIncomePriorYear
Investment Income Current Year	69433	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	24102675	TotalRevenuePriorYear
Total Revenue Current Year	24483753	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	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	21821134	OtherExpensePriorYear
Other Expenses Current Year	22186301	OtherExpensesCurrentYear
Total Expenses Prior Year	21821134	TotalExpensesPriorYear
Total Expenses Current Year	22186301	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	2281541	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	2297452	RevenuesLessExpensesCY
Total Assets BOY	67777359	TotalAssetsBOY
Total Assets EOY	73384823	TotalAssetsEOY
Total Liabilities BOY	31842155	TotalLiabilitiesBOY
Total Liabilities EOY	35152168	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	35935204	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	38232655	NetAssetsOrFundBalancesEOY
Mission Description	SALE OF ELECTRICITY TO MEMBERS	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	22186301	Expense
Revenue	24483753	Revenue
Description	SOLD AND DISTRIBUTED ELECTRICITY TO RURAL MEMBERS	Description
Total Program Service Expense	22186301	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	true	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	false	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	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	false	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	false	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	74	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	23123860	GrossIncomeFromMembers
Gross Income Other Sources	575332	GrossIncomeOtherSources
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	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	false	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	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	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	RICHARD WILSON	NamePerson
Telephone Number	7193842551	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 521	AddressLine1
City	La Junta	City
State	CO	State
ZIP Code	81050	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (11 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer	Highest Compensated EmployeeHighestCompensatedEmployee
BILL GRASMICK
SEC TREAS	1.00	X	6900	0	0
BILL WRIGHT
DIR	3.00	X	6150
BRAD BUCK
VP	2.00	X	6750			X
LAWRENCE BRASE
DIR	2.00	X	6750
MARK GRASMICK
PRES	4.00	X	8400			X
RANDY PHILLIPS
DIR	2.00	X	6640
SHAD SULLIVAN
DIR	3.00	X	6150
JACK WOLFE
COO	40.00		74231			X
JIM SHULDA
CAO	40.00		100989			X
JON SAUNDERS
CIO	40.00		85533			X
RICHARD WILSON
CEO	40.00		138518			X	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	447011	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	2	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
CandC SPECIALTY EXCAVATING
PO BOX 4214	Pueblo	CO	81003	CONSTRUCTION	311093
PEAK POWER ENGINEERING
PO BOX 4346	Houston	TX	77210	COST OF SERV STUDY	318938
COLORADO POWERLINE
PO BOX 937	Sedalia	CO	80135	TRANSM CONSTRUCT	345841
ASPLUNDH
PO BOX 827464	Philadelphia	PA	19182	TREE TRIMMING	209688
AMERICAN COMMUNICATIONS
PO BOX 5115	Englewood	CO	80155	FIBER	425059

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	5	NumberOfContractorsGT100K

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
SALE OF ELECTRICITY	221000	23019649	23019649
MISC REVENUE	221000	104211	104211
POLE RENTAL REVENUE	221000	29436		$29,436
CAPITAL CREDITS	221000	1261024	1261024

Field	Value	IRS element (for citing)
Total Program Service Revenue	24414320	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	69433	TotalRevenueColumn
Exclusion	$69,433	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	24483753	TotalRevenueColumn
Related Or Exempt Function Income	24384884	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$98,869	ExclusionAmount

Interest Interest

Field	Value	IRS element (for citing)
Total	1148329	Total
Program Services	1148329	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	2324821	Total
Program Services	2324821	ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
COST OF POWER PURCHASED	13292402	13292402
OPERATING EXPENSES	1577565	1577565
MAINTENANCE DISTRI PLANT	1782191	1782191
ACCOUNTING COLLECTION EX	809009	809009
ADMINISTRATIVE AND GENERAL	1251984	1251984

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	22186301	Total
Program Services	22186301	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	216530	BOY
EOY	545621	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	122471	BOY
EOY	1207605	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	2097376	BOY
EOY	2025859	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
BOY	1265605	BOY
EOY	1159494	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	199395	BOY
EOY	180306	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	94505455	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	41264589	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	49517480	BOY
EOY	53240866	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	14358502	BOY
EOY	15025072	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	67777359	BOY
EOY	73384823	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	5661712	BOY
EOY	3352419	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	1461431	BOY
EOY	1310388	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	24719012	BOY
EOY	30489361	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	31842155	BOY
EOY	35152168	EOY

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

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

Field	Value	IRS element (for citing)
BOY	4823	BOY
EOY	4823	EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	35930381	BOY
EOY	38227832	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	35935204	BOY
EOY	38232655	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	67777359	BOY
EOY	73384823	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	2297452	ReconcilationRevenueExpenses
Reconcilation Other Changes	-1	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	false	AuditCommittee
Financial Statement Separate	X	FinancialStatementSeparate
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	94505455	InvestmentCostOrOtherBasis
Depreciation	41264589	Depreciation
Book Value	53240866	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	53240866	TotalOfBookValueLandBuildings

Other Securities OtherSecurities (6 entries)

DescriptionDescription	Book ValueBookValue	Method Of ValuationMethodOfValuation
NRUCFC	1413419	C
TRI-STATE G&T COOPERATIVE	12743982	C
WESTERN UNITED ELECT SUPPLY CO	589060	C
OTHER	107377	C
LONGTERM NOTE RECEIVABLE	163032	C
MISCELLANEOUS	8202	C

Field	Value	IRS element (for citing)
Total Of Book Value Securities	15025072	TotalOfBookValueSecurities
Total Revenue	24483753	TotalRevenue
Total Expenses	22186301	TotalExpenses
Excess Or Deficit For Year	2297452	ExcessOrDeficitForYear
Excess Or Deficit Per FS	2297452	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	24483753	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	24483753	RevenueSubtotal
Total Revenue Per Form990	24483753	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	22186301	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	22186301	ExpensesSubtotal
Total Expenses Per Form990	22186301	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

IdentifierIdentifier	ExplanationExplanation
01. Members or stockholder classes and rights (Part VI, line 6)	Member owned electric cooperative
02. Member election for additional members (Part VI, line 7a)	Each member of the cooperative shall be entitled to vote in the election of the board of directors Board consists of 9 directors who are elected by the membership
03. Form 990 governing body review (Part VI, line 11)	Management and paid preparer review drafts of form 990 prior to efiling Board reviews annual filings at monthly meetings
04. Conflict of interest policy compliance (Part VI, line 12c)	Board of directors and Management review policies annually and monthly at board meetings
05. Governing documents, etc, available to public (Part VI, line 19)	Governing documents and financial statements are made available to the public upon request
06. Explanation of other changes in net assets or fund balances (Part XI, line 5)	Other changes in net assets are a result of rounding
07. General explanation attachment	SCHEDULE J PART III Cooperative provides travel for companions for Board Members and the Officers to 1 National trip annually per Board Policy and we reimburse for Health Club dues for ALL employees through our Wellness Committee