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Nonprofiteer
← SANGRE DE CRISTO ELECTRIC ASSOCIATION INCORPORATED

Form 990 for tax year 2022

Filed by SANGRE DE CRISTO ELECTRIC ASSOCIATION INCORPORATED.

Totals

Total revenue
$22,796,284
Total expenses
$22,790,506
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$22,728,021
Investment income
$65,990
Other revenue
$2,273
Total assets, end of year
$71,370,750
Total liabilities, end of year
$46,833,099
Net assets or fund balances, end of year
$24,537,651
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: SALE OF ELECTRICITY

    total $22,249,901 · related or exempt $22,249,901

  • 2b · Program service revenue: CAPITAL CREDITS

    total $346,226 · related or exempt $346,226

  • 2c · Program service revenue: MISCELLANEOUS ELECTRIC

    total $131,894 · related or exempt $131,894

  • 3 · Investment income

    total $65,990 · excluded $65,990

  • 6a · Gross rents

    real property $5,831 · personal property $26,137

  • 6b · Less rental expenses

    real property $29,893

  • 6c · Rental income or loss

    real property -$24,062 · personal property $26,137

  • 6d · Net rental income or loss

    total $2,075 · related or exempt -$24,062 · excluded $26,137

  • 11a · Other revenue: OTHER NON-OPERATING

    total $198 · related or exempt $198

  • 11e · Other revenue, total

    $198

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,062,172

  • 5 · Compensation of officers, directors and key employees

    total $1,156,599

  • 6 · Compensation of disqualified persons

    total $21,850

  • 7 · Other salaries and wages

    total $917,034

  • 20 · Interest

    total $1,342,719

  • 22 · Depreciation, depletion and amortization

    total $2,168,454

  • 24a · Other expenses: COST OF POWER

    total $10,603,043

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $2,766,609

  • 24c · Other expenses: ADMIN & GENERAL

    total $1,887,836

  • 24d · Other expenses: MEMBER SERVICES

    total $864,190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,699,104 · end of year $1,979,989

  • 2 · Savings and temporary cash investments

    beginning of year $340,000 · end of year $340,000

  • 4 · Accounts receivable

    beginning of year $2,292,481 · end of year $2,775,027

  • 8 · Inventories for sale or use

    beginning of year $1,706,128 · end of year $2,429,546

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,499,491 · end of year $1,412,527

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

    $76,915,589

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

    $26,428,938

  • 10c · Land, buildings and equipment, net

    beginning of year $50,003,871 · end of year $50,486,651

  • 13 · Investments: program-related

    beginning of year $11,950,908 · end of year $11,947,010

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,971,467 · end of year $3,272,294

  • 23 · Secured mortgages and notes payable

    beginning of year $39,734,251 · end of year $40,938,472

  • 25 · Other liabilities

    beginning of year $2,953,488 · end of year $2,622,333

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

    beginning of year $346,570 · end of year $394,657

  • 31 · Retained earnings, endowment or other funds

    beginning of year $23,486,207 · end of year $24,142,994

Mission and programs · 2022

Mission

WE PROVIDE RELIABLE ELECTRIC ENERGY TO POWER THE LIVES OF OUR MEMBERS.

Activities or mission (Part I)

TO PROVIDE RELIABLE ELECTRIC POWER AND RELATED SERVICES TO OUR MEMBERS AT THE MOST AFFORDABLE COST.

  • SANGRE DE CRISTO ELECTRIC ASSOCIATION IS AN ELECTRIC DISTRIBUTION COOPERATIVE THAT PROVIDED ELECTRICITY TO APPROXIMATELY 14,500 SERVICES OF ITS MEMBERS LOCATED IN COLORADO.

As filed on the 2022 return.

Listed in Part VII

  • Paul A Erickson

    CEO

    Total calculated
    $477,128
    From this org
    $312,218
    From related orgs
    $0
    Other
    $164,910
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $312,218
    Bonus
    not reported
    Other
    not reported
    Deferred
    $142,504
    Nontaxable benefits
    $22,406
    Filer's total
    $477,128

  • Sarah McMahon

    CAO

    Total calculated
    $264,218
    From this org
    $185,253
    From related orgs
    $0
    Other
    $78,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,253
    Bonus
    not reported
    Other
    not reported
    Deferred
    $58,056
    Nontaxable benefits
    $20,909
    Filer's total
    $264,218

  • Ryan Doke

    LINE SUPER

    Total calculated
    $219,414
    From this org
    $127,813
    From related orgs
    $0
    Other
    $91,601
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $127,813
    Bonus
    not reported
    Other
    not reported
    Deferred
    $71,105
    Nontaxable benefits
    $20,496
    Filer's total
    $219,414

  • Sarah Crites

    MANAGER OF F

    Total calculated
    $197,590
    From this org
    $132,722
    From related orgs
    $0
    Other
    $64,868
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $132,722
    Bonus
    not reported
    Other
    not reported
    Deferred
    $44,665
    Nontaxable benefits
    $20,203
    Filer's total
    $197,590

  • Preston Ellis

    WORKING FORE

    Total calculated
    $183,116
    From this org
    $124,772
    From related orgs
    $0
    Other
    $58,344
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $124,772
    Bonus
    not reported
    Other
    not reported
    Deferred
    $38,190
    Nontaxable benefits
    $20,154
    Filer's total
    $183,116

  • Cory Wagner

    LEAD LINEMAN

    Total calculated
    $175,606
    From this org
    $119,500
    From related orgs
    $0
    Other
    $56,106
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $119,500
    Bonus
    not reported
    Other
    not reported
    Deferred
    $44,800
    Nontaxable benefits
    $11,306
    Filer's total
    $175,606

  • Joshua Saar

    LEAD LINEMAN

    Total calculated
    $169,598
    From this org
    $124,275
    From related orgs
    $0
    Other
    $45,323
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $124,275
    Bonus
    not reported
    Other
    not reported
    Deferred
    $25,244
    Nontaxable benefits
    $20,079
    Filer's total
    $169,598

  • Matthew Shepherd

    LEAD LINEMAN

    Total calculated
    $169,300
    From this org
    $119,785
    From related orgs
    $0
    Other
    $49,515
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $119,785
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,436
    Nontaxable benefits
    $20,079
    Filer's total
    $169,300

  • Gary Kelly

    COO

    Total calculated
    $138,963
    From this org
    $79,499
    From related orgs
    $0
    Other
    $59,464
    Hours/week
    40

  • Joseph Redetzke

    CHAIR

    Total calculated
    $17,150
    From this org
    $17,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Charles A Abel

    SECRETARY

    Total calculated
    $12,050
    From this org
    $12,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Dan Daly

    VICE CHAIR

    Total calculated
    $11,600
    From this org
    $11,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Suzanne Kelly

    DIRECTOR

    Total calculated
    $10,950
    From this org
    $10,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Geoff Gerk

    TREASURER

    Total calculated
    $6,950
    From this org
    $6,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Sandra Attebery

    SECRETARY

    Total calculated
    $6,050
    From this org
    $6,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Tommy Flower

    DIRECTOR

    Total calculated
    $4,550
    From this org
    $4,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Nicholas Hellbusch

    DIRECTOR

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Blake Bennetts

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • David Volpe

    DIRECTOR

    Total calculated
    $2,200
    From this org
    $2,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Gary Kelly

    INTERIM CEO

    Total calculated
    $0

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 October 2023
IRS schema version
2022v5.0
Source object
202312829349301916

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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