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Nonprofiteer
← YAMPA VALLEY ELECTRIC ASSOCIATION INC

Form 990 for tax year 2022

Filed by YAMPA VALLEY ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$75,827,227
Total expenses
$74,806,326
Contributions and grants received
$0
Grants paid
$33,966
Program service revenue
$71,354,969
Investment income
$136,421
Other revenue
$4,335,837
Total assets, end of year
$208,374,806
Total liabilities, end of year
$132,838,142
Net assets or fund balances, end of year
$75,536,664
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: SALES OF ELECTRICITY

    total $69,728,611 · related or exempt $69,728,611

  • 2b · Program service revenue: PATRONAGE DIVIDENDS

    total $1,070,221 · related or exempt $1,066,986 · unrelated business $3,235

  • 2c · Program service revenue: MISC SERVICE FEES & SALES

    total $339,667 · related or exempt $339,667

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $216,470 · related or exempt $216,470

  • 3 · Investment income

    total $108,068 · excluded $108,068

  • 7a · Gross sales of assets other than inventory

    other assets $41,545

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

    other assets $13,192

  • 7c · Gain or loss

    other assets $28,353

  • 7d · Net gain or loss

    total $28,353 · related or exempt $11,332 · unrelated business $17,021

  • 11a · Other revenue: LUMINATE FIBER SALES

    total $3,851,328 · unrelated business $3,851,328

  • 11b · Other revenue: LUMINATE GRANTS & CIAC

    total $430,697 · unrelated business $430,697

  • 11c · Other revenue: POLE ATTACHMENT INCOME

    total $53,812 · excluded $53,812

  • 11e · Other revenue, total

    $4,335,837

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,416

  • 2 · Grants to domestic individuals

    total $550

  • 4 · Benefits paid to or for members

    total $926,346

  • 5 · Compensation of officers, directors and key employees

    total $2,288,610

  • 7 · Other salaries and wages

    total $7,589,891

  • 8 · Pension plan contributions

    total $919,896

  • 9 · Other employee benefits

    total $1,059,988

  • 10 · Payroll taxes

    total $568,295

  • 20 · Interest

    total $3,307,813

  • 22 · Depreciation, depletion and amortization

    total $7,797,060

  • 24a · Other expenses: PURCHASED POWER

    total $40,500,988

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $4,215,482

  • 24c · Other expenses: ADMIN & GENERAL EXPENSE

    total $2,526,868

  • 24d · Other expenses: CONSUMER EXPENSE

    total $1,099,453

  • 24e · All other expenses

    total $1,971,670

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,638,971 · end of year $10,017,699

  • 4 · Accounts receivable

    beginning of year $7,575,552 · end of year $11,284,991

  • 5 · Loans and receivables from officers and key people

    end of year $55,000

  • 8 · Inventories for sale or use

    beginning of year $7,086,333 · end of year $9,320,794

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,443,157 · end of year $2,410,240

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

    $252,926,291

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

    $83,152,411

  • 10c · Land, buildings and equipment, net

    beginning of year $155,698,068 · end of year $169,773,880

  • 13 · Investments: program-related

    beginning of year $3,891,870 · end of year $4,613,161

  • 15 · Other assets

    beginning of year $197,627 · end of year $899,041

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,962,478 · end of year $14,942,956

  • 19 · Deferred revenue

    beginning of year $4,962,451 · end of year $6,898,815

  • 23 · Secured mortgages and notes payable

    beginning of year $81,145,467 · end of year $107,035,992

  • 25 · Other liabilities

    beginning of year $4,213,427 · end of year $3,960,379

  • 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 $78,247,755 · end of year $75,536,664

Mission and programs · 2022

Mission

YAMPA VALLEY ELECTRIC ASSOCIATION IS A COOPERATIVE THAT PROVIDES VALUE TO ITS MEMBER-OWNERS THROUGH TECHNOLOGY THAT DELIVERS SAFE AND RELIABLE ELECTRICAL SERVICE IN AN ENVIRONMENTALLY AND FINANCIALLY RESPONSIBLE MANNER.

Activities or mission (Part I)

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 28,077 CONSUMERS AT YEAR END.

As filed on the 2022 return.

Listed in Part VII

  • Scott McGill

    DIRECTOR

    Total calculated
    $27,160
    From this org
    $27,160
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.3

  • Thomas Fox

    CHAIRMAN

    Total calculated
    $20,325
    From this org
    $20,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

  • Patrick Delaney

    DIRECTOR

    Total calculated
    $16,900
    From this org
    $16,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Debbie Cook

    DIRECTOR

    Total calculated
    $15,482
    From this org
    $15,482
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Glynda S Sheehan

    DIRECTOR

    Total calculated
    $14,599
    From this org
    $14,599
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • Sasha Nelson

    DIRECTOR

    Total calculated
    $13,710
    From this org
    $13,710
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.8

  • Quentin Dean Brosious

    VICE CHAIRMAN (JAN-JUNE)

    Total calculated
    $8,755
    From this org
    $8,755
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Sonja Macys

    DIRECTOR (JAN-JUNE)

    Total calculated
    $7,240
    From this org
    $7,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.2

  • Ken Rogers

    VICE CHAIRMAN

    Total calculated
    $6,650
    From this org
    $6,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • Daniel Leblanc

    DIRECTOR (JUNE-DEC)

    Total calculated
    $4,750
    From this org
    $4,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Steven Ray Booker

    DIRECTOR (JUNE-DEC)

    Total calculated
    $4,275
    From this org
    $4,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.6

  • Steven Johnson

    GM/PRESIDENT

    Total calculated
    $607,012
    From this org
    $378,386
    From related orgs
    $0
    Other
    $228,626
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $323,930
    Bonus
    $25,420
    Other
    $29,036
    Deferred
    $191,628
    Nontaxable benefits
    $36,998
    Filer's total
    $607,012

  • Virginia Harman

    CHIEF OPERATIONS OFFICER

    Total calculated
    $345,056
    From this org
    $243,268
    From related orgs
    $0
    Other
    $101,788
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $209,227
    Bonus
    $435
    Other
    $33,606
    Deferred
    $68,904
    Nontaxable benefits
    $32,884
    Filer's total
    $345,056

  • Wade Pynes

    TREASURER/CFO

    Total calculated
    $301,485
    From this org
    $231,874
    From related orgs
    $0
    Other
    $69,611
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $193,190
    Bonus
    $427
    Other
    $38,257
    Deferred
    $34,439
    Nontaxable benefits
    $35,172
    Filer's total
    $301,485

  • Larissa Rock

    EXECUTIVE ASSISTANT/SECRETARY

    Total calculated
    $146,590
    From this org
    $95,616
    From related orgs
    $0
    Other
    $50,974
    Hours/week
    40

  • Kelli Root

    IT MANAGER

    Total calculated
    $265,251
    From this org
    $158,263
    From related orgs
    $0
    Other
    $106,988
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $148,602
    Bonus
    $1,236
    Other
    $8,425
    Deferred
    $91,223
    Nontaxable benefits
    $15,765
    Filer's total
    $265,251

  • John Cromer

    OPERATIONS MANAGER

    Total calculated
    $256,917
    From this org
    $161,130
    From related orgs
    $0
    Other
    $95,787
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $144,836
    Bonus
    $990
    Other
    $15,304
    Deferred
    $58,771
    Nontaxable benefits
    $37,016
    Filer's total
    $256,917

  • Megan Moore-Kemp

    MEMBER RELATIONS MANAGER

    Total calculated
    $226,453
    From this org
    $154,698
    From related orgs
    $0
    Other
    $71,755
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,303
    Bonus
    $5,643
    Other
    $5,752
    Deferred
    $36,215
    Nontaxable benefits
    $35,540
    Filer's total
    $226,453

  • Perry Baker

    FOREMAN

    Total calculated
    $227,462
    From this org
    $161,698
    From related orgs
    $0
    Other
    $65,764
    Hours/week
    48.5

    Schedule J breakdown matched by us

    Base
    $154,965
    Bonus
    $402
    Other
    $6,331
    Deferred
    $30,224
    Nontaxable benefits
    $35,540
    Filer's total
    $227,462

  • James Cross

    ENGINEERING MANAGER

    Total calculated
    $204,254
    From this org
    $149,418
    From related orgs
    $0
    Other
    $54,836
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $146,940
    Bonus
    $425
    Other
    $2,053
    Deferred
    $43,587
    Nontaxable benefits
    $11,249
    Filer's total
    $204,254

  • Chase Westberg

    FOREMAN

    Total calculated
    $203,250
    From this org
    $157,002
    From related orgs
    $0
    Other
    $46,248
    Hours/week
    46.8

    Schedule J breakdown matched by us

    Base
    $155,476
    Bonus
    $482
    Other
    $1,044
    Deferred
    $18,008
    Nontaxable benefits
    $28,240
    Filer's total
    $203,250

  • Jacob Perkins

    LINEMAN

    Total calculated
    $198,510
    From this org
    $156,271
    From related orgs
    $0
    Other
    $42,239
    Hours/week
    48.8

    Schedule J breakdown matched by us

    Base
    $143,046
    Bonus
    $387
    Other
    $12,838
    Deferred
    $11,778
    Nontaxable benefits
    $30,461
    Filer's total
    $198,510

  • James Louge

    LINEMAN

    Total calculated
    $197,557
    From this org
    $144,597
    From related orgs
    $0
    Other
    $52,960
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $141,872
    Bonus
    $390
    Other
    $2,335
    Deferred
    $23,515
    Nontaxable benefits
    $29,445
    Filer's total
    $197,557

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

  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. STEVEN JOHNSON: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 179,428 EMPLOYER CONTRIBUTION TO 401(K) PLAN 12,200 TOTAL REPORTED IN COLUMN C $ 191,628 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (179,428) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 10,030 EXPENSE TO THE COOPERATIVE $ 22,230 VIRGINIA HARMAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 61,943 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,961 TOTAL REPORTED IN COLUMN C $ 68,904 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (61,943) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 6,628 EXPENSE TO THE COOPERATIVE $ 13,589 WADE PYNES: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 25,517 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,922 TOTAL REPORTED IN COLUMN C $ 34,439 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (25,517) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 6,521 EXPENSE TO THE COOPERATIVE $ 15,443 KELLI ROOT: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 84,768 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,455 TOTAL REPORTED IN COLUMN C $ 91,223 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (84,768) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 4,709 EXPENSE TO THE COOPERATIVE $ 11,164 JOHN CROMER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 53,561 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,210 TOTAL REPORTED IN COLUMN C $ 58,771 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (53,561) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 5,239 EXPENSE TO THE COOPERATIVE $ 10,449 PERRY BAKER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 23,284 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,940 TOTAL REPORTED IN COLUMN C $ 30,224 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (23,284) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 3,588 EXPENSE TO THE COOPERATIVE $ 10,528 MEGAN MOORE-KEMP: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 29,572 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,643 TOTAL REPORTED IN COLUMN C $ 36,215 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (29,572) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 4,890 EXPENSE TO THE COOPERATIVE $ 11,533 JAMES CROSS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 37,617 EMPLOYER CONTRIBUTION TO 401(K) PLAN 5,970 TOTAL REPORTED IN COLUMN C $ 43,587 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (37,617) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 5,217 EXPENSE TO THE COOPERATIVE $ 11,187 CHASE WESTBERG: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 11,546 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,462 TOTAL REPORTED IN COLUMN C $ 18,008 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (11,546) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 3,588 EXPENSE TO THE COOPERATIVE $ 10,050 JACOB PERKINS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 7,945 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,833 TOTAL REPORTED IN COLUMN C $ 11,778 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (7,945) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 3,316 EXPENSE TO THE COOPERATIVE $ 7,149 JAMES LOUGE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 17,503 EMPLOYER CONTRIBUTION TO 401(K) PLAN 6,012 TOTAL REPORTED IN COLUMN C $ 23,515 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (17,503) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 3,316 EXPENSE TO THE COOPERATIVE $ 9,328

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • YVEA CARING CONSUMERS FOUNDATION

    501(C)(3) · BETTERING THE QUALITY OF LIFE OF CITIZENS WITHIN THE AREA · CO · controlled entity

    Directly controlled by YAMPA VALLEY ELECTRIC ASSOCIATION

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LUMINATE FIBER LLC

    HIGH SPEED INTERNET & VOIP PHONE SERVICE · CO · income $4,258,521 · assets $6,957,491

    Directly controlled by YAMPA VALLEY ELECTRIC ASSOCIATION

Related corporations and trusts

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

  • YAMPA VENTURE SERVICES INC

    C · INACTIVE · CO · 100% owned · controlled entity

    Directly controlled by YAMPA VALLEY ELECTRIC ASSOCIATION

Provenance

Return type
form_990
Tax year
2022
Filed
12 November 2023
IRS schema version
2022v5.0
Source object
202313189349315851

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