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Nonprofiteer
← POUDRE VALLEY RURAL ELECTRIC ASSOCIATION INC

Form 990 for tax year 2022

Filed by POUDRE VALLEY RURAL ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$141,282,483
Total expenses
$141,075,780
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$141,023,938
Investment income
$258,545
Other revenue
$0
Total assets, end of year
$304,533,135
Total liabilities, end of year
$168,335,773
Net assets or fund balances, end of year
$136,197,362
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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 $138,695,795 · related or exempt $138,695,795

  • 2b · Program service revenue: CAPITAL CREDITS

    total $1,443,734 · related or exempt $1,443,734

  • 2c · Program service revenue: LATE FEES

    total $325,663 · related or exempt $325,663

  • 2d · Program service revenue: CONNECTIONS REVENUE

    total $290,600 · related or exempt $290,600

  • 2e · Program service revenue: POLE RENTAL REVENUE

    total $210,422 · related or exempt $210,422

  • 2f · All other program service revenue

    total $57,724 · related or exempt $57,724

  • 3 · Investment income

    total $201,943 · excluded $201,943

  • 7a · Gross sales of assets other than inventory

    other assets $56,602

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $56,602

  • 7d · Net gain or loss

    total $56,602 · excluded $56,602

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,367,890

  • 5 · Compensation of officers, directors and key employees

    total $1,222,789

  • 7 · Other salaries and wages

    total $8,450,357

  • 12 · Advertising and promotion

    total $263,576

  • 20 · Interest

    total $3,844,525

  • 22 · Depreciation, depletion and amortization

    total $7,809,900

  • 24a · Other expenses: PURCHASED POWER

    total $107,577,339

  • 24b · Other expenses: OPERATIONS

    total $3,381,476

  • 24c · Other expenses: OTHER DEDUCTIONS

    total $2,165,042

  • 24d · Other expenses: ADMIN GENREAL

    total $2,037,051

  • 24e · All other expenses

    total $1,955,835

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,566,718 · end of year $1,308,079

  • 4 · Accounts receivable

    beginning of year $15,664,009 · end of year $14,150,333

  • 8 · Inventories for sale or use

    beginning of year $2,482,620 · end of year $3,508,029

  • 9 · Prepaid expenses and deferred charges

    beginning of year $742,423 · end of year $726,549

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

    $263,867,287

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

    $74,091,141

  • 10c · Land, buildings and equipment, net

    beginning of year $183,469,808 · end of year $189,776,146

  • 13 · Investments: program-related

    beginning of year $92,121,473 · end of year $94,160,933

  • 15 · Other assets

    beginning of year $1,192,741 · end of year $903,066

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,421,216 · end of year $16,662,363

  • 23 · Secured mortgages and notes payable

    beginning of year $123,542,885 · end of year $127,848,100

  • 25 · Other liabilities

    beginning of year $23,446,018 · end of year $23,825,310

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $135,829,673 · end of year $136,197,362

Mission and programs · 2022

Mission

WE ARE COMMITTED TO PROVIDING SAFE, RELIABLE, EFFICIENT ENERGY SOLUTIONS WITH EXCEPTIONAL SERVICE TO OUR MEMBERS.

Activities or mission (Part I)

COMMITTED TO PROVIDING SAFE, RELIABLE, EFFICIENT ENERGY SOLUTIONS TO OUR MEMBERS.

  • SOLD ELECTRICITY TO RURAL MEMBERS.

As filed on the 2022 return.

Listed in Part VII

  • Steve Anderson

    DIRECTOR, CHAIR

    Total calculated
    $22,800
    From this org
    $22,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jack Schneider

    DIRECTOR, VICE CHAIR

    Total calculated
    $28,800
    From this org
    $28,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Peter Hyland

    DIRECTOR, SECRETARY

    Total calculated
    $22,800
    From this org
    $22,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jan Peterson

    DIRECTOR

    Total calculated
    $26,000
    From this org
    $26,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Bryan Ehrlich

    DIRECTOR

    Total calculated
    $28,400
    From this org
    $28,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Thaine Michie

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Rick Johnson

    DIRECTOR

    Total calculated
    $26,800
    From this org
    $26,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Ronald Sutherland

    DIRECTOR

    Total calculated
    $21,200
    From this org
    $21,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Sheryl Dryer Henderson

    DIRECTOR

    Total calculated
    $23,600
    From this org
    $23,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jeffrey C Wadsworth

    PRESIDENT & CEO

    Total calculated
    $614,085
    From this org
    $460,130
    From related orgs
    $0
    Other
    $153,955
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $397,461
    Bonus
    $40,000
    Other
    $22,669
    Deferred
    $122,298
    Nontaxable benefits
    $31,657
    Filer's total
    $614,085

  • Lisa E Wright

    VP & CFO THRU 4/1/22

    Total calculated
    $206,088
    From this org
    $180,536
    From related orgs
    $0
    Other
    $25,552
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $71,489
    Bonus
    $0
    Other
    $109,047
    Deferred
    $11,142
    Nontaxable benefits
    $14,410
    Filer's total
    $206,088

  • Amy Mahon

    VP & CFO

    Total calculated
    $182,216
    From this org
    $129,972
    From related orgs
    $0
    Other
    $52,244
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $125,253
    Bonus
    $3,717
    Other
    $1,002
    Deferred
    $30,713
    Nontaxable benefits
    $21,531
    Filer's total
    $182,216

  • Joshua A Noel

    VP & IT/STRATEGY

    Total calculated
    $334,428
    From this org
    $236,362
    From related orgs
    $0
    Other
    $98,066
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $207,541
    Bonus
    $21,160
    Other
    $7,661
    Deferred
    $66,409
    Nontaxable benefits
    $31,657
    Filer's total
    $334,428

  • John Bowerfind

    VP & COO

    Total calculated
    $353,252
    From this org
    $241,936
    From related orgs
    $0
    Other
    $111,316
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $216,293
    Bonus
    $11,160
    Other
    $14,483
    Deferred
    $78,430
    Nontaxable benefits
    $32,886
    Filer's total
    $353,252

  • Amy Tahhan

    VP & MEMBER AND GOVERNMENT

    Total calculated
    $325,095
    From this org
    $207,869
    From related orgs
    $0
    Other
    $117,226
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $193,441
    Bonus
    $9,160
    Other
    $5,268
    Deferred
    $80,569
    Nontaxable benefits
    $36,657
    Filer's total
    $325,095

  • Benjamin James Ludington Mr

    VP & SAFETY/HUMAN RESOURCE

    Total calculated
    $294,111
    From this org
    $194,162
    From related orgs
    $0
    Other
    $99,949
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $171,117
    Bonus
    $11,151
    Other
    $11,894
    Deferred
    $62,739
    Nontaxable benefits
    $37,210
    Filer's total
    $294,111

  • Troy Everett Richter

    ENGINEERING DIRECTOR

    Total calculated
    $253,903
    From this org
    $168,798
    From related orgs
    $0
    Other
    $85,105
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,679
    Bonus
    $7,151
    Other
    $3,968
    Deferred
    $50,565
    Nontaxable benefits
    $34,540
    Filer's total
    $253,903

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • POUDRE VALLEY ASSOCIATED SERVICES INC

    C · SOLAR FARM · CO · 100% owned · share of income $223,118 · share of assets $1,336,999 · controlled entity

    Directly controlled by POUDRE VALLEY REA INC

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202313069349301991

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