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Nonprofiteer
← SAN ISABEL ELECTRIC ASSOCIATION INC

Form 990 for tax year 2022

Filed by SAN ISABEL ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$59,568,606
Total expenses
$59,700,593
Contributions and grants received
$0
Grants paid
$131,987
Program service revenue
$58,439,523
Investment income
$332,769
Other revenue
$796,314
Total assets, end of year
$212,726,748
Total liabilities, end of year
$138,561,944
Net assets or fund balances, end of year
$74,164,804
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ELECTRIC REVENUES

    total $57,097,259 · related or exempt $57,097,259

  • 2b · Program service revenue: MISCELLANEOUS ELECTRIC

    total $822,269 · related or exempt $822,269

  • 2c · Program service revenue: CAPITAL CREDITS

    total $519,995 · related or exempt $519,995

  • 3 · Investment income

    total $332,769 · excluded $332,769

  • 6a · Gross rents

    personal property $53,508

  • 6c · Rental income or loss

    personal property $53,508

  • 6d · Net rental income or loss

    total $53,508 · excluded $53,508

  • 11a · Other revenue: OTHER OPERATING REVENUE

    total $742,806 · related or exempt $742,806

  • 11e · Other revenue, total

    $742,806

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $91,987

  • 2 · Grants to domestic individuals

    total $40,000

  • 4 · Benefits paid to or for members

    total $1,798,552

  • 5 · Compensation of officers, directors and key employees

    total $507,784

  • 7 · Other salaries and wages

    total $812,514

  • 20 · Interest

    total $3,649,843

  • 22 · Depreciation, depletion and amortization

    total $7,333,149

  • 24a · Other expenses: COST OF POWER

    total $34,397,838

  • 24b · Other expenses: DISTRIBUTION

    total $4,887,679

  • 24c · Other expenses: ADMIN & GENERAL

    total $3,715,772

  • 24d · Other expenses: MEMBER SVCS

    total $2,319,032

  • 24e · All other expenses

    total $146,443

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $448,074 · end of year $397,198

  • 4 · Accounts receivable

    beginning of year $5,933,090 · end of year $6,848,707

  • 7 · Other notes and loans receivable

    beginning of year $8,526,251 · end of year $11,303,402

  • 8 · Inventories for sale or use

    beginning of year $2,608,821 · end of year $3,514,428

  • 9 · Prepaid expenses and deferred charges

    beginning of year $545,991 · end of year $412,939

  • 10a · Land, buildings and equipment: cost or other basis

    $264,742,166

  • 10b · Land, buildings and equipment: accumulated depreciation

    $111,288,951

  • 10c · Land, buildings and equipment, net

    beginning of year $144,371,317 · end of year $153,453,215

  • 13 · Investments: program-related

    beginning of year $36,793,232 · end of year $36,796,859

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,814,019 · end of year $13,462,069

  • 19 · Deferred revenue

    beginning of year $3,485,388 · end of year $3,959,878

  • 23 · Secured mortgages and notes payable

    beginning of year $108,424,033 · end of year $121,139,997

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $15,897,481 · end of year $17,295,736

  • 31 · Retained earnings, endowment or other funds

    beginning of year $57,605,855 · end of year $56,869,068

Mission and programs · 2022

Mission

TO DELIVER ON THE PROMISE OF SERVICE AND VALUE TO PROVIDE OUR MEMBERSHIP WITH ELECTRIC POWER AND OTHER NEEDED PRODUCTS AND SERVICES WHICH WILL IMPROVE THEIR QUALITY OF LIFE. WE WILL PROVIDE EXCELLENT SERVICE AND MAINTAIN THE HIGHEST SOCIAL AND ETHICAL STANDARDS AS WE EVALUATE AND UTILIZE NEW TECHNOLOGIES AND RESOURCES TO MEET THE NEEDS OF OUR MEMBERSHIP.

  • SAN ISABEL ELECTRIC ASSOCIATION IS AN ELECTRIC DISTRIBUTION COOPERATIVE THAT PROVIDED APPROXIMATELY 27,000 SERVICES TO ITS APPROXIMATELY 21,000 MEMBERS IN ALL OR PARTS OF SEVEN COUNTIES IN SOUTHERN COLORADO.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eldon Ryan Elarton

    GENERAL MANA

    Total calculated
    $271,951
    From this org
    $221,939
    From related orgs
    $0
    Other
    $50,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,939
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,194
    Nontaxable benefits
    $27,818
    Filer's total
    $271,951

  • Gary Eitel

    CHIEF ADM OF

    Total calculated
    $235,138
    From this org
    $141,532
    From related orgs
    $0
    Other
    $93,606
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,532
    Bonus
    not reported
    Other
    not reported
    Deferred
    $65,799
    Nontaxable benefits
    $27,807
    Filer's total
    $235,138

  • Kevin Schleich

    LINE SUPERIN

    Total calculated
    $206,103
    From this org
    $128,578
    From related orgs
    $0
    Other
    $77,525
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,578
    Bonus
    not reported
    Other
    not reported
    Deferred
    $58,787
    Nontaxable benefits
    $18,738
    Filer's total
    $206,103

  • Darryl Stewart

    CHIEF OP OFF

    Total calculated
    $197,910
    From this org
    $162,622
    From related orgs
    $0
    Other
    $35,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,622
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,262
    Nontaxable benefits
    $19,026
    Filer's total
    $197,910

  • Steven Zamarripa

    IT MANAGER

    Total calculated
    $173,363
    From this org
    $118,977
    From related orgs
    $0
    Other
    $54,386
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,977
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,645
    Nontaxable benefits
    $18,741
    Filer's total
    $173,363

  • Lisa Folga

    CHIEF BUSINE

    Total calculated
    $145,783
    From this org
    $91,477
    From related orgs
    $0
    Other
    $54,306
    Hours/week
    40

  • Debbie Rose

    DIRECTOR

    Total calculated
    $26,625
    From this org
    $24,225
    From related orgs
    $0
    Other
    $2,400
    Hours/week
    31

  • Jacque Sikes

    DIRECTOR

    Total calculated
    $15,200
    From this org
    $15,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    17

  • Dennis Maroney

    DIRECTOR

    Total calculated
    $11,875
    From this org
    $11,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Edward Raymond Garcia

    DIRECTOR

    Total calculated
    $11,700
    From this org
    $11,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    17

  • Donald Keairns

    DIRECTOR

    Total calculated
    $7,850
    From this org
    $7,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • John Pickerill

    DIRECTOR

    Total calculated
    $6,250
    From this org
    $6,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Joseph Costa

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Donald Tokar

    DIRECTOR

    Total calculated
    $3,300
    From this org
    $3,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Doris Morgan

    DIRECTOR

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • ENERGY OUTREACH COLORADO

    $21,627

    DONATE LEAP PROGRAM

  • TOWN OF COKEDALE MINING MUSEUM

    $10,000

    MUSEUM RESTORATION

  • PUEBLO COUNTY FAIR

    $6,500

    PUEBLO FAIR SHOWCASE

Provenance

Return type
form_990
Tax year
2022
Filed
9 October 2023
IRS schema version
2022v5.0
Source object
202312849349301606

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