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← SOUTHWESTERN POWER RESOURCES ASSN

Form 990 for tax year 2024

Filed by SOUTHWESTERN POWER RESOURCES ASSN.

Totals

Total revenue
$795,033
Total expenses
$928,750
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$778,262
Investment income
$16,771
Other revenue
$0
Total assets, end of year
$162,445,742
Total liabilities, end of year
$162,322,347
Net assets or fund balances, end of year
$123,395
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: MEMBERSHIP DUES & ASSESSMENTS

    total $768,959 · related or exempt $768,959

  • 2b · Program service revenue: ANNUAL MEETINGS

    total $9,303 · related or exempt $9,303

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $7,542 · excluded $7,542

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $9,229

  • 7c · Gain or loss

    securities $9,229 · other assets $0

  • 7d · Net gain or loss

    total $9,229 · excluded $9,229

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $416,837

  • 8 · Pension plan contributions

    total $1,744

  • 9 · Other employee benefits

    total $3,422

  • 10 · Payroll taxes

    total $19,364

  • 11b · Fees: legal

    total $17,000

  • 11c · Fees: accounting

    total $30,688

  • 11d · Fees: lobbying

    total $85,594

  • 11g · Fees: other

    total $171,125

  • 12 · Advertising and promotion

    total $928

  • 13 · Office expenses

    total $12,095

  • 14 · Information technology

    total $3,988

  • 16 · Occupancy

    total $43,089

  • 17 · Travel

    total $53,814

  • 19 · Conferences, conventions and meetings

    total $53,765

  • 23 · Insurance

    total $8,863

  • 24a · Other expenses: DUES

    total $5,029

  • 24b · Other expenses: EDUCATION

    total $1,405

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $72,620 · end of year $15,151

  • 2 · Savings and temporary cash investments

    beginning of year $43,220 · end of year $47,195

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

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

    $20,409

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

    $20,409

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $145,776 · end of year $61,049

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $146,177,680 · end of year $162,322,347

  • 21 · Escrow or custodial account liability

    beginning of year $146,177,680 · end of year $162,322,347

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $261,616 · end of year $123,395

Mission and programs · 2024

Mission

AN ASSOCIATION OF CONSUMER AND MEMBER-OWNERS RECEIVE A PREFERENCE IN THE PURCHASE OF FEDERAL POWER FROM THE SOUTHWESTERN POWER ADMINISTRATION.

Activities or mission (Part I)

AN ASSOCIATION OF CONSUMER AND MEMBER-OWNERS RECEIVE A PREFERENCE IN THE PURCHASE OF FEDERAL POWER FROM THE SOUTHWESTERN POWER ADMINISTRATION

  • FACILITATED CONTINUED REVISIONS AND WORK PERFORMED IN AN EXISTING MEMORANDUM OF AGREEMENT THAT ALLOWS THE CONTINUATION OF CUSTOMER FUNDING OF US ARMY CORP PROJECTS, OPERATIONS, AND MAINTENANCE (O&M) REPAIRS AT SOUTHWESTERN'S HYDROPOWER PROJECTS. ADVOCATED FOR THE PROTECTION OF FEDERAL HYDROPOWER CUSTOMERS AGAINST ANY LIABILITIES FROM UNUSED FEDERAL AUTHORIZATIONS FOR THE CONSTRUCTION OF NEW OR UPGRADED TRANSMISSION LINES. PROTECT FEDERAL HYDROPOWER CUSTOMERS FROM ANY NEW LEGISLATION WHICH MIGHT BE ENACTED.

As filed on the 2024 return.

Listed in Part VII

  • Brian Ackerman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mark Barbee

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    0.3

  • Andrew Lachowsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Bill Bach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Bruce Mintz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Darrell Calhoun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jake Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • James Striedel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jeff Little

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Leslie Falks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Marcus Renfrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Ryan Tutor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Alice Wiltse

    DIRECTOR OF OPERATIONS

    Total calculated
    $97,026
    From this org
    $68,608
    From related orgs
    $0
    Other
    $28,418
    Hours/week
    40

  • Nicki Fuller

    EXECUTIVE DIRECTOR

    Total calculated
    $319,811
    From this org
    $232,295
    From related orgs
    $0
    Other
    $87,516
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $232,295
    Bonus
    $0
    Other
    $0
    Deferred
    $57,039
    Nontaxable benefits
    $30,477
    Filer's total
    $319,811

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 · Form 990 of other organizations
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.1
Source object
202533179349311958

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