2022-11-07T09:24:05-06:00 2021-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2021-01-01 840235244 CORE ELECTRIC COOPERATIVE INTE 7207335477 5496 N US HWY 85 SEDALIA CO 80135 JEFFREY M BAUDIER CEO 7207335477 2022-11-07 1 JEFFREY BAUDIER XXX-XX-XXXX WENDY CAMPOS P00448102 5032421447 2022-11-07 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z X JEFFREY M BAUDIER 5496 N US HWY 85 SEDALIA CO 80135 331687050 0 X WWW.CORE.COOP X 1938 CO THE ASSOCIATION WAS ESTABLISHED AS A RURAL ELECTRIC DISTRIBUTION COOPERATIVE TO PROVIDE ELECTRIC UTILITY SERVICE WITHIN ITS SERVICE TERRITORY. 7 7 321 0 0 0 0 0 313465699 330794090 216227 506473 6749 7355 313688675 331307918 0 0 17221368 16320159 29711021 30346310 0 0 0 266756286 284641449 313688675 331307918 0 0 1208217959 1228049117 854791645 864086771 353426314 363962346 THE ASSOCIATION WAS ESTABLISHED AS A RURAL ELECTRIC DISTRIBUTION COOPERATIVE TO PROVIDE ELECTRIC UTILITY SERVICE WITHIN ITS SERVICE TERRITORY. 0 0 THE ASSOCIATION DISTRIBUTED ELECTRICITY TO 169,454 ACTIVE SERVICE LOCATIONS IN 11 COLORADO COUNTIES. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 244 0 1 321 1 0 0 0 0 0 326039408 4769503 0 0 0 X 7 7 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X DIERDRE P JONES CFO 3036883100 5496 NO US HIGHWAY 85 SEDALIA CO 80135 TIMOTHY WHITE DIRECTOR, PRESIDENT 4.00 X X 60663 0 0 JAMES T ANEST DIRECTOR, SECRETARY/TREASURER 3.00 X X 49290 0 0 ROBERT W GRAF DIRECTOR 3.00 X 53090 0 0 BRUFF SHEA DIRECTOR, VICE PRESIDENT 3.00 X X 46343 0 0 EUGENE SPERRY DIRECTOR (THROUGH 4/24/21) 3.00 X 14963 0 0 MICHAEL SPERRY DIRECTOR 3.00 X 23280 0 0 MICHAEL KEMPE DIRECTOR, ASST SECRETARY/TREASURER 3.00 X X 34900 0 0 RON KILGORE DIRECTOR 3.00 X 35595 0 0 JEFFREY BAUDIER CEO 40.00 X 671337 0 40536 PAMELA FEUERSTEIN COO 40.00 X 420880 0 128026 DIERDRE P JONES CFO 40.00 X 406188 0 120167 AMANDA LESHER CMEO 40.00 X 308747 0 82962 KATHLEEN SOLANO CAO 40.00 X 239808 0 13896 JOAN BECKNER CHIEF LEGAL OFFICER 40.00 X 97146 0 9 PATRICK MOONEY CEO (THROUGH 4/1/21) 40.00 X 150201 0 13738 MARK JURGEMEYER ENGINEERING DIRECTOR 40.00 X 255400 0 102940 ALEX MENDEZ DISTRIBUTION OPS DIRECTOR 40.00 X 222701 0 90007 CHRIS HILDRED POWER SUPPLY DIRECTOR 40.00 X 202049 0 90066 ANDY MINTER TRANSMISSION OPS DIRECTOR 40.00 X 196421 0 96412 RICHARD BREWER BILLING AND PAYMENTS DIRECTOR 40.00 X 172727 0 94383 ROBERT DELANEY SYSTEM OPERATOR 40.00 X 194567 0 89189 CRAIG NORRIS JOHNSON CORPORATE ATTORNEY 40.00 X 188446 0 21865 ANDREW LONG SUBSTATION MANAGER 40.00 X 183992 0 76096 THOMAS TETRICK SYSTEM OPERATOR 40.00 X 185066 0 92285 GRANT LILEHAUGEN SYSTEM OPERATOR 40.00 X 181958 0 86349 4595758 0 1238926 127 0 1 0 COLORADO POWERLINE INC 5401 N PETERSON RD SEDALIA CO 80135 UTILITY CONSTRUCTION 31692569 WARD ELECTRIC COMPANY 9586 E I 25 FRONTAGE RAOD LONGMONT CO 80504 UTILITY CONSTRUCTION 4651816 S E INCORPORATED PO BOX 165 DEAVER WY 82421 UTILITY CONSTRUCTION 4399165 POWELL ELECTRIC SYSTEMS INC 8550 MOSLEY ROAD HOUSTON TX 77075 UTILITY CONSTRUCTION 2416614 HDR ENGINEERING INC PO BOX 74008202 CHICAGO IL 60674 ENGINEERING CONSULTING 2305219 82 DISTRIB. OF ELECTRICTY 221000 324815934 324815934 PATRONAGE CAPITAL CREDITS 221000 3922810 3922810 OTHER SERVICE REVENUES 221000 1136311 1136311 JOINT POLE REVENUE 900002 499008 499008 ALL OTHER PROGRAM SERVICE 221000 420027 420027 330794090 132335 132335 12000 4645 7355 7355 7355 748625 374487 374138 374138 374138 331307918 330295082 0 1012836 16320159 4149063 16638440 3612118 4424901 1521788 1074599 97237 75252 2329567 4020372 31882 40196714 52471905 1014917 GEN/PURCHASED POWER 145759784 PROPERTY, FRANCHISE, AN 16926482 MAINTENANCE 15459941 CUSTOMER ACCOUNTS AND I 3419746 1763051 331307918 7125723 5168390 672427 632168 37189878 36625154 11273833 20373034 28973683 23572366 1559962012 450024750 1092897091 1109937262 30053128 31708121 32196 32622 1208217959 1228049117 59440337 61335944 760863978 767258665 34487330 35492162 854791645 864086771 X 0 0 743595 760345 352682719 363202001 353426314 363962346 1208217959 1228049117 X 0 1834318 8701714 X 0 1 X 1 0 17250 0 17250 0 17250 1 ALL TOGETHER COLORADO PO BOX 102673 DENVER CO 80250 853959470 1500 BETTER COLORADO ALLIANCE PO BOX 100033 DENVER CO 80250 832505765 1500 COLORADO CHAMBER OF COMMERCE 1600 BROADWAY 1000 DENVER CO 80202 840174402 3500 PRO 15 629 WARNER ST FORT MORGAN CO 80701 841553762 750 RESTORE COLORADO LEADERSHIP FUND 1151 EAGLE DR 193 LOVELAND CO 80537 852160887 5000 SENATE MAJORITY FUND 2318 CURTIS STREET DENVER CO 80205 451353357 5000 PART I-A, LINE 1: POLITICAL DONATIONS 27817059 27817059 98433525 15039851 83393674 1433711428 434984899 998726529 1109937262 ASSET RETIREMENT OBLIGATION 10314486 DEFERRED CREDITS 10699014 POST RETIREMENT & PENSION 11124124 CUSTOMER DEPOSITS 3354538 35492162 X 332772743 1834318 1834318 330938425 369493 369493 331307918 314618266 0 314618266 16689652 16689652 331307918 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE FILES AN EXEMPT ORGANIZATION TAX RETURN IN THE U.S. FEDERAL JURISDICTION. AS OF DECEMBER 31, 2021 AND 2020, THE COOPERATIVE HAD NO UNCERTAIN TAX POSITIONS, AND NO PROVISION FOR INCOME TAXES, CONSISTENT WITH ITS TAX-EXEMPT STATUS. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE/GAIN ON DISPOSITION 369,493. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO MEMBERS 16,320,159. RENT EXPENSE/GAIN ON DISPOSITION 369,493. X 1 1 X X X 0 0 0 JEFFREY BAUDIER CEO 520512 0 150000 0 825 0 10105 0 30431 0 711873 0 0 0 PAMELA FEUERSTEIN COO 349500 0 60000 0 11380 0 90136 0 37890 0 548906 0 0 0 DIERDRE P JONES CFO 343050 0 60000 0 3138 0 91650 0 28517 0 526355 0 0 0 AMANDA LESHER CMEO 261893 0 40000 0 6854 0 68761 0 14201 0 391709 0 0 0 MARK JURGEMEYER ENGINEERING DIRECTOR 240416 0 12000 0 2984 0 77646 0 25294 0 358340 0 0 0 ALEX MENDEZ DISTRIBUTION OPS DIRECTOR 203243 0 13000 0 6458 0 76531 0 13476 0 312708 0 0 0 ANDY MINTER TRANSMISSION OPS DIRECTOR 182133 0 10000 0 4288 0 58668 0 37744 0 292833 0 0 0 CHRIS HILDRED POWER SUPPLY DIRECTOR 184033 0 9000 0 9016 0 52322 0 37744 0 292115 0 0 0 ROBERT DELANEY SYSTEM OPERATOR 184518 0 3950 0 6099 0 52037 0 37152 0 283756 0 0 0 THOMAS TETRICK SYSTEM OPERATOR 177673 0 3950 0 3443 0 55132 0 37153 0 277351 0 0 0 GRANT LILEHAUGEN SYSTEM OPERATOR 174795 0 3950 0 3213 0 61347 0 25002 0 268307 0 0 0 RICHARD BREWER BILLING AND PAYMENTS DIRECTOR 162598 0 7450 0 2679 0 56017 0 38366 0 267110 0 0 0 ANDREW LONG SUBSTATION MANAGER 172846 0 7500 0 3646 0 62023 0 14073 0 260088 0 0 0 KATHLEEN SOLANO CAO 215333 0 24000 0 475 0 0 0 13896 0 253704 0 0 0 CRAIG NORRIS JOHNSON CORPORATE ATTORNEY 172674 0 0 0 15772 0 4821 0 17044 0 210311 0 0 0 PATRICK MOONEY CEO (THROUGH 4/1/21) 119625 0 0 0 30576 0 8082 0 5656 0 163939 0 0 0 PART I, LINE 1A THE ASSOCIATION PROVIDES UP TO $300 TOWARD COSTS OF A WELLNESS PROGRAM AS A TAXABLE BENEFIT AVAILABLE TO EMPLOYEES. FOUR OF THE ABOVE INDIVIDUALS PARTICIPATED IN THIS BENEFIT DURING 2021. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL SPERRY AND EUGENE SPERRY HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS, AS PROVIDED FOR IN ITS BYLAWS. THERE IS ONLY ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION IS DIVIDED INTO SEVEN DISTRICTS, AND EACH DISTRICT IS REPRESENTED BY ONE BOARD MEMBER (DIRECTOR). BOARD MEMBERS ARE ELECTED BY THE RESEPCTIVE DISTRICT MEMBERS TO STAGGERED FOUR-YEAR TERMS. ELECTIONS ARE BY MAIL BALLOT, BUT MEMBERS MAY VOTE IN PERSON AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990, INCLUDING THE RELATED SCHEDULES, IS COMPLETED AND FILED BY MOSS ADAMS, THE ASSOCIATION'S EXTERNAL CPA FIRM. FORM 990 INFORMATION IS PROVIDED TO MOSS ADAMS TAX BY STAFF OF THE ASSOCIATION UNDER THE DIRECTION OF THE CFO, WHO IN TURN REVIEWS THE GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTIONS REQUIRED BY THE FORM 990, AND PRESENTS A DRAFT OF THE COMPLETED REPORT TO THE CEO AND BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AS EVENTS OR CIRCUMSTANCES GIVING RISE TO A CONFLICT OCCUR. THE CEO REVIEWS ANY POTENTIAL CONFLICTS THAT ARE BROUGHT TO HIS ATTENTION AND MAKES THE DETERMINATION FOR KEY EMPLOYEES. THE BOARD OF DIRECTORS REVIEWS AND MAKES DETERMINATIONS FOR THE CEO AND AT THE DIRECTOR LEVEL. RESTRICTIONS ON PERSONS WITH A CONFLICT GENERALLY RESULT IN REMOVING THE PERSON FROM DECISION-MAKING AUTHORITY CONCERNING THE CONFLICT AND MAY, IN THE CASE OF DIRECTORS, INCLUDE MANDATORY ABSTENTION FROM VOTING ON THE RELATED AGENDA ITEM. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE CEO IS EVALUATED AND APPROVED BY THE BOARD OF DIRECTORS, IN COMPARISON WITH INDUSTRY STANDARDS AND OTHER COOPERATIVES. COMPENSATION FOR MANAGEMENT EMPLOYEES, INCLUDING SALARIES AND BENEFITS, IS EVALUATED BY HUMAN RESOURCES PERSONNEL UNDER THE DIRECTION OF THE CEO, USING COMPARISONS WITH INDUSTRY STANDARDS, WITH OTHER COOPERATIVES, AND IN CONSIDERATION OF LOCAL EMPLOYMENT AND ECONOMIC MARKETS. THE RESULTING RECOMMENDATIONS ARE REVIEWED BY THE CEO AND WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS OF THE ASSOCIATION, THE ANNUAL REPORT, AND BOARD MINUTES ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE AT WWW.CORE.COOP. THE ASSOCIATION'S ARTICLES OF INCORPORATION ARE AVAILABLE ON THE COLORADO SECRETARY OF STATE'S WEBSITE. OTHER ASSOCIATION DOCUMENTS, SUCH AS THE FORM 990, ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ASSOCIATION'S HEADQUARTERS OFFICE. FORM 990, PART XI, LINE 9: MEMBERSHIP FEES 16,750. PCC REFUND -9,535,961. UNCLAIMED CAPITAL CREDITS 2,131,091. BENEFITS PAID TO MEMBERS 16,320,159. UNREALIZED LOSS DUE TO PENSION SETTLEMENT -230,325.