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Nonprofiteer
← GUNNISON COUNTY ELECTRIC ASSOCIATION INC

Form 990 for tax year 2023

Filed by GUNNISON COUNTY ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$21,733,987
Total expenses
$21,699,154
Contributions and grants received
$21,067
Grants paid
$0
Program service revenue
$21,322,069
Investment income
$371,598
Other revenue
$19,253
Total assets, end of year
$52,725,252
Total liabilities, end of year
$22,326,855
Net assets or fund balances, end of year
$30,398,397
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.

  • 1e · Government grants (contributions)

    $21,067

  • 2a · Program service revenue: SALES OF ELECTRICITY

    total $21,203,706 · related or exempt $21,203,706

  • 2b · Program service revenue: OTHER OPERATING

    total $118,363 · related or exempt $118,363

  • 3 · Investment income

    total $349,938 · related or exempt $203,754 · excluded $146,184

  • 6a · Gross rents

    personal property $24,862

  • 6c · Rental income or loss

    personal property $24,862

  • 6d · Net rental income or loss

    total $24,862 · related or exempt $24,862

  • 7a · Gross sales of assets other than inventory

    other assets $27,160

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

    other assets $5,500

  • 7c · Gain or loss

    other assets $21,660

  • 7d · Net gain or loss

    total $21,660 · related or exempt $21,660

  • 11a · Other revenue: MISCELLANEOUS

    total -$5,609 · related or exempt -$5,609

  • 11e · Other revenue, total

    -$5,609

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,302,502

  • 5 · Compensation of officers, directors and key employees

    total $1,190,453

  • 7 · Other salaries and wages

    total $3,164,771

  • 8 · Pension plan contributions

    total $522,517

  • 9 · Other employee benefits

    total $587,181

  • 10 · Payroll taxes

    total $294,694

  • 11b · Fees: legal

    total $109,345

  • 11c · Fees: accounting

    total $34,907

  • 11g · Fees: other

    total $254,994

  • 12 · Advertising and promotion

    total $102,685

  • 13 · Office expenses

    total $256,116

  • 14 · Information technology

    total $206,834

  • 16 · Occupancy

    total $304,355

  • 17 · Travel

    total $94,527

  • 19 · Conferences, conventions and meetings

    total $64,798

  • 20 · Interest

    total $552,159

  • 22 · Depreciation, depletion and amortization

    total $1,682,489

  • 23 · Insurance

    total $11,497

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $10,109,074 · program services $10,109,074

  • 24b · Other expenses: TRANSPORTATION EXPENSES

    total $453,977 · program services $453,977

  • 24c · Other expenses: DUES AND FEES

    total $240,672 · program services $240,672

  • 24d · Other expenses: DISTR SUPPLIES & MISC EQUIP

    total $120,172 · program services $120,172

  • 24e · All other expenses

    total $38,435

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $688,879 · end of year $999,113

  • 2 · Savings and temporary cash investments

    beginning of year $1,299,651 · end of year $734,758

  • 4 · Accounts receivable

    beginning of year $2,899,156 · end of year $3,010,078

  • 7 · Other notes and loans receivable

    beginning of year $225,000 · end of year $225,000

  • 8 · Inventories for sale or use

    beginning of year $1,547,999 · end of year $1,957,951

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,355,260 · end of year $1,311,411

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

    $56,142,169

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

    $27,681,808

  • 10c · Land, buildings and equipment, net

    beginning of year $28,456,152 · end of year $28,460,361

  • 13 · Investments: program-related

    beginning of year $14,228,746 · end of year $15,601,335

  • 14 · Intangible assets

    beginning of year $463,029 · end of year $425,245

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,060,600 · end of year $2,914,674

  • 23 · Secured mortgages and notes payable

    beginning of year $14,247,305 · end of year $14,997,149

  • 25 · Other liabilities

    beginning of year $3,547,736 · end of year $4,415,032

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

    beginning of year $24,153,601 · end of year $23,966,086

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,154,630 · end of year $6,432,311

Mission and programs · 2023

Mission

OUR MISSION: SERVING MEMBERS BY PROVIDING SAFE, RELIABLE ENERGY WITH A STRONG COOPERATIVE TRADITION AND VISION FOR THE FUTURE. OUR VISION: COMMITTED TO BECOMING OUR COMMUNITYS MOST VALUED AND TRUSTED RESOURCE.

  • DISTRIBUTION OF ELECTRICITY

As filed on the 2023 return.

Listed in Part VII

  • Michael McBride

    CEO

    Total calculated
    $442,068
    From this org
    $283,679
    From related orgs
    $0
    Other
    $158,389
    Hours/week
    44.19

    Schedule J breakdown matched by us

    Base
    $269,496
    Bonus
    $480
    Other
    $13,703
    Deferred
    $117,804
    Nontaxable benefits
    $40,585
    Filer's total
    $442,068

  • John Stoeber

    COO

    Total calculated
    $291,045
    From this org
    $177,495
    From related orgs
    $0
    Other
    $113,550
    Hours/week
    43.1

    Schedule J breakdown matched by us

    Base
    $171,541
    Bonus
    $5,416
    Other
    $538
    Deferred
    $99,626
    Nontaxable benefits
    $13,924
    Filer's total
    $291,045

  • Paula Maclennan

    CFO JAN 15TH - MAY 15TH

    Total calculated
    $200,780
    From this org
    $128,275
    From related orgs
    $0
    Other
    $72,505
    Hours/week
    46.06

    Schedule J breakdown matched by us

    Base
    $117,771
    Bonus
    $9,945
    Other
    $559
    Deferred
    $47,826
    Nontaxable benefits
    $24,679
    Filer's total
    $200,780

  • Jeff Hanggi

    WORKING FOREMAN

    Total calculated
    $199,716
    From this org
    $147,216
    From related orgs
    $0
    Other
    $52,500
    Hours/week
    44.07

    Schedule J breakdown matched by us

    Base
    $133,203
    Bonus
    $13,033
    Other
    $980
    Deferred
    $39,024
    Nontaxable benefits
    $13,476
    Filer's total
    $199,716

  • Todd Fuller

    LINE SUPERINTENDENT

    Total calculated
    $186,661
    From this org
    $126,110
    From related orgs
    $0
    Other
    $60,551
    Hours/week
    41.14

    Schedule J breakdown matched by us

    Base
    $125,045
    Bonus
    $458
    Other
    $607
    Deferred
    $25,195
    Nontaxable benefits
    $35,356
    Filer's total
    $186,661

  • Matt Feier

    STRATEGY EXECUTION SPECIALIST

    Total calculated
    $179,530
    From this org
    $130,165
    From related orgs
    $0
    Other
    $49,365
    Hours/week
    40.28

    Schedule J breakdown matched by us

    Base
    $129,089
    Bonus
    $458
    Other
    $618
    Deferred
    $16,556
    Nontaxable benefits
    $32,809
    Filer's total
    $179,530

  • Dustin Cadwell

    WORKING FOREMAN

    Total calculated
    $173,401
    From this org
    $139,290
    From related orgs
    $0
    Other
    $34,111
    Hours/week
    43.68

    Schedule J breakdown matched by us

    Base
    $133,813
    Bonus
    $5,273
    Other
    $204
    Deferred
    $20,635
    Nontaxable benefits
    $13,476
    Filer's total
    $173,401

  • Shane McGuinness

    SYSTEM ADMINISTRATOR

    Total calculated
    $163,397
    From this org
    $132,462
    From related orgs
    $0
    Other
    $30,935
    Hours/week
    40.2

    Schedule J breakdown matched by us

    Base
    $131,787
    Bonus
    $458
    Other
    $217
    Deferred
    $14,403
    Nontaxable benefits
    $16,532
    Filer's total
    $163,397

  • Mark Van Der Veer

    CFO MAY 16th - DEC 31st

    Total calculated
    $137,235
    From this org
    $115,624
    From related orgs
    $0
    Other
    $21,611
    Hours/week
    44.21

  • Tom Carl

    PRESIDENTJAN-JULYDIRECTOR

    Total calculated
    $19,525
    From this org
    $19,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.27

  • Michelle Lehmann

    VICE PRESIDENTJAN-JULPRESI

    Total calculated
    $19,450
    From this org
    $19,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.78

  • Polly Oberosler

    DIRECTOR

    Total calculated
    $18,600
    From this org
    $18,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.25

  • Darcie Perkins

    DIRECTORJAN-JULASST SEC-TR

    Total calculated
    $18,500
    From this org
    $18,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.71

  • Morgan Weinberg

    ASST SECR-TREASJAN-JULSECR

    Total calculated
    $15,700
    From this org
    $15,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.65

  • Greg Wiggins

    SECR-TREASJAN-JULVICE PRES

    Total calculated
    $14,525
    From this org
    $14,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.51

  • Mark Daily

    DIRECTOR

    Total calculated
    $13,025
    From this org
    $13,025
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.77

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

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • TAYLOR RIVER HYDRO LLC

    RELATED · HYDRO ELECTRIC · CO · 50% owned · share of income -$5,609 · share of assets $1,468,070 · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
21 August 2024
IRS schema version
2023v5.1
Source object
202442619349301504

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