UNITED POWER INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- UNITED POWER INC (EIN 84-0340655)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-05-01
- IRS object ID
- 202441229349302309
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-01T13:57:17-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 631035228 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Jackson Thornton & Co PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 96 | AddressLine1Txt |
| City | Montgomery | CityNm |
| State Abbreviation | AL | StateAbbreviationCd |
| ZIP | 361010096 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 840340655 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | United Power Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | UNIT | BusinessNameControlTxt |
| Phone | 3036590551 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 Cooperative Way | AddressLine1Txt |
| City | Brighton | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80603 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Laurie Burkhart | PersonNm |
| Person Title | Chief Financial Officer | PersonTitleTxt |
| Phone | 3036590551 | PhoneNum |
| Signature | 2024-04-29 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Laurie | PersonFirstNm |
| Person Last | Burkhart | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Patrick Cooper | PreparerPersonNm |
| PTIN | P00856177 | PTIN |
| Phone | 3348347660 | PhoneNum |
| Preparation | 2024-04-29 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Mark Gabriel | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 Cooperative Way | AddressLine1Txt |
| City | Brighton | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $342,490,393 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.unitedpower.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | To provide reliable electric power and related services to our members at the most affordable cost. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 216 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $319,452,970 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $341,732,947 | CYProgramServiceRevenueAmt |
| PY Investment Income | $324,701 | PYInvestmentIncomeAmt |
| CY Investment Income | $276,511 | CYInvestmentIncomeAmt |
| PY Other Revenue | $507,442 | PYOtherRevenueAmt |
| CY Other Revenue | $480,935 | CYOtherRevenueAmt |
| PY Total Revenue | $320,285,113 | PYTotalRevenueAmt |
| CY Total Revenue | $342,490,393 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $12,283,816 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $14,912,531 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,309,393 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,620,156 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $304,451,754 | PYOtherExpensesAmt |
| CY Other Expenses | $324,484,231 | CYOtherExpensesAmt |
| PY Total Expenses | $319,044,963 | PYTotalExpensesAmt |
| CY Total Expenses | $342,016,918 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,240,150 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $473,475 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $649,423,331 | TotalAssetsBOYAmt |
| Total Assets EOY | $712,520,880 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $403,158,665 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $454,591,045 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $246,264,666 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $257,929,835 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To provide reliable electric power and related services to our members at the most affordable cost. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $342,016,918 | ExpenseAmt |
| Desc | The Cooperative provides electric services to approximately 110,500 members. | Desc |
| Total Program Service Expenses | $342,016,918 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 236 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 216 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Members And Shr Gross Income | $374,034,065 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $4,244,948 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | United Power Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3036590551 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 Cooperative Way | AddressLine1Txt |
| City | Brighton | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80603 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| Elizabeth Martin | |||||||
| Chairman | 25.00 | Yes (X) | Yes (X) | $37,992 | $0 | $0 | |
| Tamra Waltemath | |||||||
| Secretary | 13.00 | Yes (X) | Yes (X) | $30,492 | $0 | $0 | |
| Brian McCormick | |||||||
| Director | 18.00 | Yes (X) | $30,492 | $0 | $0 | ||
| Dave Rose | |||||||
| Director | 1.00 | Yes (X) | $2,541 | $0 | $0 | ||
| James Vigesaa | |||||||
| Vice Chairman | 9.00 | Yes (X) | Yes (X) | $30,492 | $0 | $0 | |
| Keith Alquist | |||||||
| Treasurer | 13.00 | Yes (X) | Yes (X) | $30,492 | $0 | $0 | |
| Virginia Buczek | |||||||
| Director/CREA Director | 22.00 | Yes (X) | $35,492 | $0 | $0 | ||
| Ursula Morgan | |||||||
| Director | 19.00 | Yes (X) | $30,492 | $0 | $0 | ||
| Tim Erickson | |||||||
| Director | 9.00 | Yes (X) | $30,492 | $0 | $0 | ||
| Stephen Whiteside | |||||||
| Assistant Secretary/Treasu | 11.00 | Yes (X) | Yes (X) | $30,492 | $0 | $0 | |
| Brad Case | |||||||
| Director | 13.00 | Yes (X) | $30,492 | $0 | $0 | ||
| Steven Douglas | |||||||
| Director | 14.00 | Yes (X) | $22,869 | $0 | $0 | ||
| Dean Hubbuck | |||||||
| SVP & Chief Energy Resourc | 40.00 | Yes (X) | $265,782 | $0 | $108,743 | ||
| Laura Burkhart | |||||||
| EVP & Chief Financial Offi | 40.00 | Yes (X) | $345,702 | $0 | $121,863 | ||
| Russell Robbins | |||||||
| EVP & Chief Operating Offi | 40.00 | Yes (X) | $362,547 | $0 | $112,255 | ||
| Mark Gabriel | |||||||
| President and Chief Execut | 40.00 | Yes (X) | $560,146 | $0 | $93,544 | ||
| Trista Fugate | |||||||
| Senior VP and Chief Market | 40.00 | Yes (X) | $246,312 | $0 | $60,432 | ||
| Erin Hane | |||||||
| VP of HR, Safety, Facilities | 40.00 | $194,072 | $0 | $91,105 | Yes (X) | ||
| Alice Beauchamp | |||||||
| SVP & Chief Information Of | 40.00 | $217,058 | $0 | $87,547 | Yes (X) | ||
| Robert Maxwell | |||||||
| VP of Engineering | 40.00 | $209,032 | $0 | $91,429 | Yes (X) | ||
| Troy Whitmore | |||||||
| VP & Public Affairs Office | 40.00 | $223,889 | $0 | $84,367 | Yes (X) | ||
| Joshua Steinke | |||||||
| Substation Technician | 40.00 | $205,383 | $0 | $67,505 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,172,753 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $918,790 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 87 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Ward Electric Company Inc | |||||
| 9586 E I25 Frontage Rd | Longmont | CO | 80504 | Line Construction | $31,581,792 |
| Wheeler Trigg O'Donnell LLP | |||||
| 370 17st Street STE 4500 | Denver | CO | 80202 | Law Firm | $4,082,879 |
| Paul Hastings LLP | |||||
| PO Box 894803 | Los Angeles | CA | 90189 | Law Firm | $2,908,437 |
| Leidos Engineering LLC | |||||
| PO Box 223058 | Pittsburgh | PA | 15251 | Managed Services | $2,589,108 |
| Traffic Management Inc | |||||
| Dept LA 24606 | Pasadena | CA | 91185 | Traffic Control | $2,511,467 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Electricity Sales | 221000 | $333,860,711 | $333,860,711 |
| Capital Credits | 221000 | $6,098,439 | $6,098,439 |
| Other Operating Rev | 221000 | $1,773,797 | $1,773,797 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $341,732,947 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $276,511 | TotalRevenueColumnAmt |
| Exclusion | $276,511 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $480,935 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $480,935 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $480,935 | TotalRevenueColumnAmt |
| Exclusion | $480,935 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $342,490,393 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $341,732,947 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $757,446 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,912,531 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,620,156 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $164,367 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,583,733 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,514,708 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Purchased Power | $242,588,937 |
| Administrative and Gene | $12,125,210 |
| Distrib. Exp. - Operati | $11,134,016 |
| Distrib. Exp. - Mainten | $9,612,488 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,760,772 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $342,016,918 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,379,790 | BOYAmt |
| EOY | $3,901,210 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,181,602 | BOYAmt |
| EOY | $10,261,837 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,277,293 | BOYAmt |
| EOY | $14,881,176 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,507,562 | BOYAmt |
| EOY | $47,217,011 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $572,823,070 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $129,451,800 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $397,424,257 | BOYAmt |
| EOY | $443,371,270 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,084,196 | BOYAmt |
| EOY | $152,049,290 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,215,899 | BOYAmt |
| EOY | $13,215,899 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,352,732 | BOYAmt |
| EOY | $27,623,187 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $649,423,331 | BOYAmt |
| EOY | $712,520,880 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $48,924,613 | BOYAmt |
| EOY | $41,929,508 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $330,300,007 | BOYAmt |
| EOY | $344,534,790 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,100,000 | BOYAmt |
| EOY | $59,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,834,045 | BOYAmt |
| EOY | $9,126,747 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $403,158,665 | BOYAmt |
| EOY | $454,591,045 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $246,264,666 | BOYAmt |
| EOY | $257,929,835 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $246,264,666 | BOYAmt |
| EOY | $257,929,835 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $649,423,331 | BOYAmt |
| EOY | $712,520,880 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $473,475 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $11,191,694 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,434,864 | OtherCostOrOtherBasisAmt |
| Book Value | $16,434,864 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $39,807,829 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,288,954 | DepreciationAmt |
| Book Value | $30,518,875 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $40,501,855 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,143,421 | DepreciationAmt |
| Book Value | $26,358,434 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $476,078,522 | OtherCostOrOtherBasisAmt |
| Depreciation | $106,019,425 | DepreciationAmt |
| Book Value | $370,059,097 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $443,371,270 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Tri-State G&T | $125,561,024 | C |
| NRUCFC | $7,096,638 | C |
| Western United Electric Supply | $13,601,165 | C |
| Other Investments | $5,790,463 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $152,049,290 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Customer Deposits | $2,426,046 |
| Deferred Credits | $6,700,701 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,126,747 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X - Fin 48 Footnote | FormAndLineReferenceDesc |
| Explanation | The Company has adopted ASC Topic 740-10, Income Taxes, that requires the Company to evaluate its income tax positions to determine if they have any positions that would require any adjustments to the financial statements. The Company's policy is to include interest and penalties related to unrecognized tax benefits/liabilities in income tax expense. The Company has determined that they have no uncertain income tax positions that need to be recorded or reported in the financial statements as of December 31, 2023 and 2022. The Company's tax returns are subject to possible examination by taxing authorities. With few exceptions, the tax returns remain essentially open for possible examination for a period of three years after the respective filing deadlines of those returns. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mark Gabriel | ||||||||||||||
| President and Chief Execut | $470,396 | $0 | $89,750 | $0 | $0 | $0 | $91,278 | $0 | $2,266 | $0 | $653,690 | $0 | $0 | $0 |
| Russell Robbins | ||||||||||||||
| EVP & Chief Operating Offi | $342,047 | $0 | $20,500 | $0 | $0 | $0 | $85,437 | $0 | $26,818 | $0 | $474,802 | $0 | $0 | $0 |
| Laura Burkhart | ||||||||||||||
| EVP & Chief Financial Offi | $300,202 | $0 | $45,500 | $0 | $0 | $0 | $85,437 | $0 | $36,426 | $0 | $467,565 | $0 | $0 | $0 |
| Dean Hubbuck | ||||||||||||||
| SVP & Chief Energy Resourc | $220,282 | $0 | $45,500 | $0 | $0 | $0 | $72,306 | $0 | $36,437 | $0 | $374,525 | $0 | $0 | $0 |
| Troy Whitmore | ||||||||||||||
| VP & Public Affairs Office | $223,389 | $0 | $500 | $0 | $0 | $0 | $57,658 | $0 | $26,709 | $0 | $308,256 | $0 | $0 | $0 |
| Trista Fugate | ||||||||||||||
| Senior VP and Chief Market | $225,812 | $0 | $20,500 | $0 | $0 | $0 | $59,246 | $0 | $1,186 | $0 | $306,744 | $0 | $0 | $0 |
| Alice Beauchamp | ||||||||||||||
| SVP & Chief Information Of | $206,558 | $0 | $10,500 | $0 | $0 | $0 | $60,805 | $0 | $26,742 | $0 | $304,605 | $0 | $0 | $0 |
| Robert Maxwell | ||||||||||||||
| VP of Engineering | $204,532 | $0 | $4,500 | $0 | $0 | $0 | $55,139 | $0 | $36,290 | $0 | $300,461 | $0 | $0 | $0 |
| Erin Hane | ||||||||||||||
| VP of HR, Safety, Facilities | $178,572 | $0 | $15,500 | $0 | $0 | $0 | $54,819 | $0 | $36,286 | $0 | $285,177 | $0 | $0 | $0 |
| Joshua Steinke | ||||||||||||||
| Substation Technician | $204,883 | $0 | $500 | $0 | $0 | $0 | $31,531 | $0 | $35,974 | $0 | $272,888 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | Members are businesses and individuals which received electric service from the cooperative. |
| Form 990, Part VI, Section A, line 7a | Candidates for the Board are nominated by petition. The service area is broken into several Board Representation Areas and each area has multiple Board seats. The candidate must live in the Board area they run for. While candidates represent geographic regions, they are elected by the membership at-large. The highest vote getter for each seat is declared the winner. Board members serve three year terms. |
| Form 990, Part VI, Section B, line 11b | The draft Form 990 is provided to the Board. They are given time to review it and provide comments. The Form 990 would then be revised as necessary prior to filing with the IRS. |
| Form 990, Part VI, Section B, line 12c | The Board has a conflict of interest policy that applies strictly to them. New Board members are required to sign the policy and the Board self-polices the policy. A separate conflict of interest policy applies to employees. All members of senior management are required to sign the policy. |
| Form 990, Part VI, Section B, line 15 | The Board uses a compensation study information from NRECA, Pay Factors and Employers Council to review and determine the appropriate compensation level of the CEO. Other officers and key employees are evaluated compared to data from the same sources. The data is reviewed as part of the annual budgeting process. |
| Form 990, Part VI, Section C, line 19 | United Power provides financial statements to the members as part of the annual report. Bylaws and annual reports are available on the Company's website. Articles of incorporation, bylaws, annual reports and the conflict of interest policy can be obtained at the Company's headquarters. |
| Form 990, Parti IX, Line 4 | The instructions to the 2023 Form 990 indicate that organizations exempt under Section 501(c)(12) should report "patronage dividends paid" to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the operating margins and certain non-operating margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar years ended December 31, 2023 and 2022. |
| Form 990, Part XI, line 9: | Gain of retirement of capital credits 184,105. Operating margins and certain non-operating margins to be allocated 14,912,531. Patronage capital retired -4,907,146. Transfer of unclaimed capital credit checks 1,002,204. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | United Power Round Up Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 Cooperative Way | AddressLine1Txt |
| City | Brighton | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841276017 | EIN |
| Primary Activities | Provide support to indiv. and charities | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Exempt Code Section | 501 (c) (3) | ExemptCodeSectionTxt |
| Public Charity Status | Line 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | United Power Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | 0 | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Consumer Service Association | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 Cooperative Way | AddressLine1Txt |
| City | Brighton | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80603 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841095810 | EIN |
| Primary Activities | Telecommunications | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | United Power Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
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