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Nonprofiteer
← GUNNISON COUNTY ELECTRIC ASSOCIATION INC

Form 990 for tax year 2022

Filed by GUNNISON COUNTY ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$20,798,954
Total expenses
$20,875,599
Contributions and grants received
$16,788
Grants paid
$0
Program service revenue
$20,575,093
Investment income
$191,051
Other revenue
$16,022
Total assets, end of year
$51,163,872
Total liabilities, end of year
$20,855,641
Net assets or fund balances, end of year
$30,308,231
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)

    $16,788

  • 2a · Program service revenue: SALES OF ELECTRICITY

    total $20,459,828 · related or exempt $20,459,828

  • 2b · Program service revenue: OTHER OPERATING

    total $115,265 · related or exempt $115,265

  • 3 · Investment income

    total $189,551 · related or exempt $132,612 · excluded $56,939

  • 6a · Gross rents

    personal property $21,321

  • 6c · Rental income or loss

    personal property $21,321

  • 6d · Net rental income or loss

    total $21,321 · related or exempt $21,321

  • 7a · Gross sales of assets other than inventory

    other assets $1,500

  • 7c · Gain or loss

    other assets $1,500

  • 7d · Net gain or loss

    total $1,500 · related or exempt $1,500

  • 11a · Other revenue: MISCELLANEOUS

    total -$5,299 · related or exempt -$5,299

  • 11e · Other revenue, total

    -$5,299

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $801,583

  • 5 · Compensation of officers, directors and key employees

    total $1,055,436

  • 7 · Other salaries and wages

    total $3,067,567

  • 8 · Pension plan contributions

    total $649,659

  • 9 · Other employee benefits

    total $594,155

  • 10 · Payroll taxes

    total $249,657

  • 11b · Fees: legal

    total $180,923

  • 11c · Fees: accounting

    total $13,625

  • 11g · Fees: other

    total $270,293

  • 12 · Advertising and promotion

    total $73,863

  • 13 · Office expenses

    total $195,394

  • 14 · Information technology

    total $208,523

  • 16 · Occupancy

    total $377,076

  • 17 · Travel

    total $61,719

  • 19 · Conferences, conventions and meetings

    total $36,731

  • 20 · Interest

    total $457,174

  • 22 · Depreciation, depletion and amortization

    total $1,641,123

  • 23 · Insurance

    total $11,127

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $10,097,345 · program services $10,097,345

  • 24b · Other expenses: TRANSPORTATION EXPENSES

    total $444,993 · program services $444,993

  • 24c · Other expenses: DUES AND FEES

    total $223,384 · program services $223,384

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

    total $112,544 · program services $112,544

  • 24e · All other expenses

    total $51,705

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $524,968 · end of year $688,879

  • 2 · Savings and temporary cash investments

    beginning of year $572,085 · end of year $1,299,651

  • 4 · Accounts receivable

    beginning of year $2,834,538 · end of year $2,899,156

  • 7 · Other notes and loans receivable

    beginning of year $150,000 · end of year $225,000

  • 8 · Inventories for sale or use

    beginning of year $1,337,466 · end of year $1,547,999

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,851,465 · end of year $1,355,260

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

    $54,814,284

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

    $26,358,132

  • 10c · Land, buildings and equipment, net

    beginning of year $28,724,811 · end of year $28,456,152

  • 13 · Investments: program-related

    beginning of year $13,996,135 · end of year $14,228,746

  • 14 · Intangible assets

    beginning of year $500,813 · end of year $463,029

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,801,225 · end of year $3,060,600

  • 23 · Secured mortgages and notes payable

    beginning of year $13,060,983 · end of year $14,247,305

  • 25 · Other liabilities

    beginning of year $3,495,275 · end of year $3,547,736

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

    beginning of year $25,198,524 · end of year $24,153,601

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,936,274 · end of year $6,154,630

Mission and programs · 2022

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 2022 return.

Listed in Part VII

  • Michael McBride

    CEO

    Total calculated
    $469,336
    From this org
    $264,365
    From related orgs
    $0
    Other
    $204,971
    Hours/week
    42.77

    Schedule J breakdown matched by us

    Base
    $251,886
    Bonus
    $423
    Other
    $12,056
    Deferred
    $168,327
    Nontaxable benefits
    $36,644
    Filer's total
    $469,336

  • John Stoeber

    COO

    Total calculated
    $269,163
    From this org
    $156,757
    From related orgs
    $0
    Other
    $112,406
    Hours/week
    42.65

    Schedule J breakdown matched by us

    Base
    $146,905
    Bonus
    $9,401
    Other
    $451
    Deferred
    $99,134
    Nontaxable benefits
    $13,272
    Filer's total
    $269,163

  • Marcia Wireman

    CFO

    Total calculated
    $211,237
    From this org
    $179,243
    From related orgs
    $0
    Other
    $31,994
    Hours/week
    43.47

    Schedule J breakdown matched by us

    Base
    $173,213
    Bonus
    $3,527
    Other
    $2,503
    Deferred
    $3,667
    Nontaxable benefits
    $28,327
    Filer's total
    $211,237

  • Dan Oberosler

    JOURNEYMAN LINEMAN

    Total calculated
    $202,703
    From this org
    $117,237
    From related orgs
    $0
    Other
    $85,466
    Hours/week
    42.18

    Schedule J breakdown matched by us

    Base
    $101,192
    Bonus
    $15,261
    Other
    $784
    Deferred
    $59,418
    Nontaxable benefits
    $26,048
    Filer's total
    $202,703

  • Jeff Hanggi

    WORKING FOREMAN

    Total calculated
    $195,363
    From this org
    $130,494
    From related orgs
    $0
    Other
    $64,869
    Hours/week
    42.82

    Schedule J breakdown matched by us

    Base
    $117,775
    Bonus
    $11,831
    Other
    $888
    Deferred
    $48,701
    Nontaxable benefits
    $16,168
    Filer's total
    $195,363

  • Bruce Stephens

    STAFF ENGINEER

    Total calculated
    $176,503
    From this org
    $120,018
    From related orgs
    $0
    Other
    $56,485
    Hours/week
    40.1

    Schedule J breakdown matched by us

    Base
    $115,465
    Bonus
    $1,566
    Other
    $2,987
    Deferred
    $31,267
    Nontaxable benefits
    $25,218
    Filer's total
    $176,503

  • Matt Feier

    STRATEGY EXECUTION SPECIALIST

    Total calculated
    $173,512
    From this org
    $119,752
    From related orgs
    $0
    Other
    $53,760
    Hours/week
    40.34

    Schedule J breakdown matched by us

    Base
    $117,747
    Bonus
    $1,456
    Other
    $549
    Deferred
    $22,739
    Nontaxable benefits
    $31,021
    Filer's total
    $173,512

  • Dustin Cadwell

    WORKING FOREMAN

    Total calculated
    $164,973
    From this org
    $121,429
    From related orgs
    $0
    Other
    $43,544
    Hours/week
    43.06

    Schedule J breakdown matched by us

    Base
    $115,407
    Bonus
    $5,866
    Other
    $156
    Deferred
    $30,663
    Nontaxable benefits
    $12,881
    Filer's total
    $164,973

  • Tom Carl

    PRESIDENT

    Total calculated
    $20,375
    From this org
    $20,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.11

  • Michelle Lehmann

    SECR-TREASJAN-MAYVICE PRES

    Total calculated
    $16,425
    From this org
    $16,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.29

  • Polly Oberosler

    VICE PRESIDENTJAN-MAYDIREC

    Total calculated
    $14,600
    From this org
    $14,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.39

  • Morgan Weinberg

    DIRJAN-MAYASSISTANT SECR-

    Total calculated
    $14,050
    From this org
    $14,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.02

  • Mark Daily

    DIRECTOR

    Total calculated
    $12,250
    From this org
    $12,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.41

  • Greg Wiggins

    ASST SECR-TREASJAN-MAYSECR

    Total calculated
    $11,900
    From this org
    $11,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.4

  • Darcie Perkins

    DIRECTORJULY-DECEMBER

    Total calculated
    $10,350
    From this org
    $10,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.38

  • Bart Laemmel

    DIRECTOR JANUARY-JUNE

    Total calculated
    $5,750
    From this org
    $5,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.83

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 -$5,299 · share of assets $521,736 · general or managing partner

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202342869349301959

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