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Nonprofiteer
← HIGH PLAINS POWER INC

Form 990 for tax year 2022

Filed by HIGH PLAINS POWER INC.

Totals

Total revenue
$80,362,207
Total expenses
$80,267,525
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$79,949,093
Investment income
$407,262
Other revenue
$5,852
Total assets, end of year
$152,103,280
Total liabilities, end of year
$52,348,638
Net assets or fund balances, end of year
$99,754,642
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 $78,537,948 · related or exempt $78,537,948

  • 2b · Program service revenue: OTHER REVENUE

    total $1,411,145 · related or exempt $1,411,145

  • 3 · Investment income

    total $360,447 · related or exempt $201,015 · excluded $159,432

  • 7a · Gross sales of assets other than inventory

    other assets $46,815

  • 7c · Gain or loss

    other assets $46,815

  • 7d · Net gain or loss

    total $46,815 · related or exempt $46,815

  • 11a · Other revenue: NON-OPERATING MARGINS

    total $5,852 · related or exempt $5,852

  • 11e · Other revenue, total

    $5,852

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,598,478

  • 5 · Compensation of officers, directors and key employees

    total $624,022

  • 7 · Other salaries and wages

    total $2,614,995

  • 8 · Pension plan contributions

    total $473,399

  • 9 · Other employee benefits

    total $487,304

  • 10 · Payroll taxes

    total $23,639

  • 11b · Fees: legal

    total $193,694

  • 11c · Fees: accounting

    total $14,810

  • 13 · Office expenses

    total $406,176

  • 20 · Interest

    total $1,720,277

  • 22 · Depreciation, depletion and amortization

    total $4,034,106

  • 24a · Other expenses: COST OF POWER

    total $64,561,445 · program services $64,561,445

  • 24b · Other expenses: DISTRIBUTION OPERATIONS

    total $1,173,186 · program services $1,173,186

  • 24c · Other expenses: DISTRIBUTION MAINTENANCE

    total $1,254,765 · program services $1,254,765

  • 24d · Other expenses: ADMINSTRATIVE AND GENERAL

    total $550,002 · program services $550,002

  • 24e · All other expenses

    total $537,227

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $766,162 · end of year $1,399,807

  • 4 · Accounts receivable

    beginning of year $5,798,711 · end of year $6,238,221

  • 8 · Inventories for sale or use

    beginning of year $1,201,385 · end of year $2,238,914

  • 9 · Prepaid expenses and deferred charges

    beginning of year $502,433 · end of year $565,325

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

    $132,823,475

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

    $61,373,448

  • 10c · Land, buildings and equipment, net

    beginning of year $69,200,324 · end of year $71,450,027

  • 13 · Investments: program-related

    beginning of year $72,235,629 · end of year $70,210,986

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,620,884 · end of year $9,307,114

  • 23 · Secured mortgages and notes payable

    beginning of year $38,694,536 · end of year $37,041,524

  • 25 · Other liabilities

    beginning of year $2,000,000 · end of year $6,000,000

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

    beginning of year $12,046,672 · end of year $12,302,495

  • 31 · Retained earnings, endowment or other funds

    beginning of year $88,342,552 · end of year $87,452,147

Mission and programs · 2022

Mission

SERVE THE MEMBER/OWNERS UNDER THE COOPERATIVE PRINCIPLES.

  • THE ORGANIZATIONS PURPOSE IS TO PROVIDE RELIABLE, AFFORDABLE ELECTRIC SERVICE TO ITS MEMBERS WITHIN ITS SERVICE TERRITORY IN RURAL NORTH CENTRAL WYOMING.

As filed on the 2022 return.

Listed in Part VII

  • Darick Eisenbraun

    CEO

    Total calculated
    $229,089
    From this org
    $163,524
    From related orgs
    $0
    Other
    $65,565
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,524
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,435
    Nontaxable benefits
    $32,130
    Filer's total
    $229,089

  • Michael Harmon

    COO

    Total calculated
    $187,212
    From this org
    $142,198
    From related orgs
    $0
    Other
    $45,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,198
    Bonus
    not reported
    Other
    not reported
    Deferred
    $12,985
    Nontaxable benefits
    $32,029
    Filer's total
    $187,212

  • Cj Caress

    LINE SUPERINTENDENT

    Total calculated
    $184,960
    From this org
    $128,581
    From related orgs
    $0
    Other
    $56,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,581
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,400
    Nontaxable benefits
    $28,979
    Filer's total
    $184,960

  • Jon Mayes

    CFO

    Total calculated
    $170,406
    From this org
    $117,124
    From related orgs
    $0
    Other
    $53,282
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,124
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,708
    Nontaxable benefits
    $31,574
    Filer's total
    $170,406

  • Brian Heiner

    LINE FOREMAN

    Total calculated
    $156,444
    From this org
    $114,323
    From related orgs
    $0
    Other
    $42,121
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $114,323
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,798
    Nontaxable benefits
    $21,323
    Filer's total
    $156,444

  • Eric McDonald

    METER FOREMAN

    Total calculated
    $149,304
    From this org
    $112,870
    From related orgs
    $0
    Other
    $36,434
    Hours/week
    44

  • Gary Starkey

    LINE FOREMAN

    Total calculated
    $148,922
    From this org
    $112,488
    From related orgs
    $0
    Other
    $36,434
    Hours/week
    45

  • JD Watson

    LINE FOREMAN

    Total calculated
    $132,666
    From this org
    $111,433
    From related orgs
    $0
    Other
    $21,233
    Hours/week
    43

  • Jim Miller

    PRESIDENT

    Total calculated
    $7,441
    From this org
    $7,441
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.79

  • Bret Gardner

    VICE PRESIDENT

    Total calculated
    $6,613
    From this org
    $6,613
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • Matt Brown

    TREASURER

    Total calculated
    $4,874
    From this org
    $4,874
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.02

  • Jesse B Hankins

    DIRECTOR

    Total calculated
    $4,556
    From this org
    $4,556
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.56

  • John P Stoll Jr

    DIRECTOR

    Total calculated
    $4,343
    From this org
    $4,343
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.96

  • Lee Shaffer

    DIRECTOR

    Total calculated
    $4,013
    From this org
    $4,013
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.15

  • Todd Heward

    ASSISTANT SECRETARY

    Total calculated
    $3,078
    From this org
    $3,078
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.1

  • Beckie Darnell

    SECRETARY JANUARY-JULY

    Total calculated
    $2,397
    From this org
    $2,397
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.56

  • Andrea Dockery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.25

  • Jeff Milton

    DIRECTORJAN-AUGSECRSEP-D

    Total calculated
    $0
    Hours/week
    3.35

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 · 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
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202313199349311876

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