2019-11-13T13:00:31-08:00 2018-12-31 990 2018-01-01 840235244 The Intermountain Rural Electric Association INTE 3036883100 5496 No U S Highway 85 Sedalia CO 80135 Patrick Mooney CEO 2019-11-13 2018 2020-03-31 21:24:44Z Patrick Mooney 5496 No U S Highway 85 Sedalia CO 80135 302039529 false false X www.irea.coop X 1938 CO The Association was established as a Rural Electric Distribution Cooperative to provide electric utility service within its service territory. 7 7 255 0 0 284175783 301590623 511602 418906 10174 18586 284697559 302028115 0 34173035 30225609 23351480 28440073 0 0 227173044 243362433 284697559 302028115 0 1090782640 1104130170 777713276 768552110 313069364 335578060 The Association was established as a Rural Electric Distribution Cooperative to provide electric utility service within its service territory. false false 302028115 302028115 The Association distributed electricity to 158,360 active service locations in 11 Colorado counties. 302028115 false false true false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 280 0 true 255 true false false false false false false false false false 296395499 4757806 false false false false false X 7 7 false false false false true true true true true false false true true true true true true true true true false X X Dierdre P Jones CFO 3036883100 5496 No U S Highway 85 Sedalia CO 80135 Timothy L White President 6.00 0.00 X X 47637 0 0 Eugene Sperry Sec/Treasurer 5.00 0.00 X X 30745 0 0 James C Dozier Asst. Sec/Treas 5.00 0.00 X X 35745 0 0 Bruff Shea Vice President 7.00 0.00 X X 36251 0 0 Michael Kempe Director 4.00 0.00 X 24054 0 0 James T Anest Director 5.00 0.00 X 43363 0 0 Robert W Graf Director 7.00 0.00 X 37645 0 0 Dierdre P Jones CFO 40.00 0.00 X 362128 0 40603 Pamela Feuerstein COO 40.00 0.00 X 368311 0 39760 Patrick Mooney CEO 40.00 0.00 X 524770 0 32566 Gerald R Hacker Corporate Services Manager 40.00 0.00 X 281044 0 72507 Konstantinos Lagos Facility Fleet and Acquisition Mgr 40.00 0.00 X 281342 0 133592 Amanda Lesher Consumer Srv Mgr 40.00 0.00 X 235260 0 25936 Ian Fleming InfoTechnology Mgr 40.00 0.00 X 182452 0 42930 Mark Jurgemeyer Engineering Mgr 40.00 0.00 X 234523 0 36628 Andrew Long Transmission Mgr 40.00 0.00 X 186102 0 29385 Alex Mendez Operations Manager 40.00 0.00 X 197346 0 37838 3108718 491745 107 false true false Colorado Powerline Inc 5401 N Peterson Rd Sedalia CO 80112 Utility Construction 36697962 Stanley Consultants Inc 8000 S Chester Street Centennial CO 80112 Engineer Consulting 6638111 PAR Eletrical Contractors Inc 725 Tower Road Aurora CO 80011 Utility Construction 5302505 Asplundh Tree Expert Co 1700 Solutions Center Chicago IL 60677 Vegetation Mgmt 5074881 Itron Networked Solutions Inc 2111 Molter Road Liberty Lake WA 99019 Meter Supplier 1941273 48 0 All Other Program Service 221000 245834 245834 Distrib. of Electricity 221000 294823406 294823406 Joint Pole Revenue 900002 886225 886225 Other Service Revenues 221000 1566474 1566474 Patronage Capital Credits 221000 4068684 4068684 301590623 351861 351861 0 0 30000 11414 18586 18586 18586 67045 67045 67045 67045 0 0 0 0 302028115 300771443 1256672 0 0 0 30225609 3177134 0 15928457 3779226 4222493 1332763 0 229948 121074 78302 0 0 962341 0 2139602 0 0 0 0 0 102706 41776832 0 47889532 540857 Gen/Purchased Power 120665692 Property,Franchise,&Income Tax 13805583 Maintenance Expenses 8472784 Operations & Customer Exps 3710880 2866300 302028115 0 0 0 2217050 4580522 280874 5477214 0 29645918 34167845 0 0 0 6257248 5855728 13987064 14042020 1367325936 354402915 1011573874 1012923021 108488 0 0 25769538 27051286 0 942586 32534 1090782640 1104130170 19047395 47265743 713091284 694846754 45574597 26439613 777713276 768552110 X 690245 708165 312379119 334869895 313069364 335578060 1090782640 1104130170 X 0 4045259 18463437 X false true X true false 41750 41750 41750 true Senate Majority Fund 2318 Curtis Street Denver CO 80205 451353357 10500 Colorado Citizens Alliance PO BOX 102766 Denver CO 80205 472350578 1000 Care Membership Account LLC 5400 N Washington Street Denver CO 80216 743106451 10000 Our Colorado Values 7920 Crest Drive Lakewood CO 80214 814474149 3500 Values First Colorado 601 16th Street C-138 Golden CO 80401 814643054 7500 Angela Williams Leadership Fund PO BOX 171241 Denver CO 80217 461090423 575 Colo Assoc for Commerce Industry 1600 Broadway Suite 1000 Denver CO 80202 840174402 1000 Colo Assoc for Commerce Industry 1600 Broadway Suite 1000 Denver CO 80202 840174402 575 Coloradans For Fairness PO BOX 12766 Denver CO 80250 814420090 2500 Colorado Liberty Fund 2318 Curtis Street Denver CO 80205 460553144 575 Colorado Republican Leadership Fund 2318 Curtis Street Denver CO 80205 272888588 575 Dominick Moreno PAC 5821 Tichy Blvd Commerce City CO 80022 460762743 575 Garnett Leadership Fund 921 Clarkson Street Denver CO 80218 451234205 575 Liberty Leadership PAC 2318 Curtis Street Denver CO 80205 455360991 575 Lundeen Leadership Fund PO BOX 2127 Monument CO 80132 471873321 575 Patrick PAC PO BOX 1129 Golden CO 80402 822080348 575 Rural Leadership PAC 2318 Curtis Street Denver CO 80205 460929140 575 Part I-A, Line 1 - Direct and Indirect Political Campaign Activities Political Donations 19891816 19891816 78539285 11535383 67003902 1269098520 343071496 926027024 -203685 -203964 279 1012923021 ASSET RETIREMENT OBLIGATION 9224146 DEFERRED CREDITS 6726120 POST RETIREMENT BENEFITS & PENSION 9571718 Regulatory Liabilities 917629 26439613 301931060 301931060 97055 97055 302028115 271728875 271728875 30299240 30299240 302028115 Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S Non Operating Rental Revenue $18010 Electric Plant Lease Solar $12000 Gain on Sale of Investments $67045 Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S Benefits Paid to Members $30225609 Other Expenses $73631 X true true X X X X false false false Alex Mendez Operations Manager 142462 10200 44684 19772 18066 235184 Amanda Lesher Consumer Srv Mgr 164441 30125 40694 15478 10458 261196 Andrew Long Transmission Mgr 135687 7675 42740 19181 10204 215487 Dierdre P Jones CFO 275086 40075 46967 12530 28073 402731 Gerald R Hacker Corporate Services Manager 180273 35150 65621 51783 20724 353551 Ian Fleming InfoTechnology Mgr 150090 12575 19787 16327 26603 225382 Konstantinos Lagos Facility Fleet and Acquisition Mgr 172379 36225 72738 112943 20649 414934 Mark Jurgemeyer Engineering Mgr 180920 10050 43553 18202 18426 271151 Pamela Feuerstein COO 279700 40075 48536 12831 26929 408071 Patrick Mooney CEO 414995 50050 59725 13798 18768 557336 Part I, Line 1a: Relevant information in regards to selections on 1a. The Association provides up to $300 toward dues of a wellness program as a taxable benefit available to employees. Four of the above individuals are participating in this benefit. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder 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, Line 7a: How Members or Shareholders Elect Governing Body The Association is divided into 7 districts, and each district is represented by one Board Member (Director). Board Members are elected by their respective 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, Line 11b: Form 990 Review Process The Form 990, including the related schedules, is completed internally 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. The return is then completed and filed. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation of the CEO is evaluated and approved by the Board of Directors, in comparison with industry standards and other cooperatives. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees 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, Line 19: Other Organization Documents Publicly Available The Bylaws of the Association,the Annual Report, and Board Minutes are available on the Association's web site at www.irea.coop. The Association's articles of incorporation are available on the Colorado Secretary of State's web site. Other Association documents, such as the Form 990,are available to the public upon request at the Association's headquarters office. Other Changes In Net Assets Or Fund Balances - Other Increases Benefits Paid to Members/Margin Allocation = $30225609 Other Changes In Net Assets Or Fund Balances - Other Increases Membership Fees = $17920 Other Changes In Net Assets Or Fund Balances - Other Decreases PCC Refund = -$14990562 Other Changes In Net Assets Or Fund Balances - Other Increases Unclaimed Capital Credits = $3210470 Form 990, Part IX, Line 4 - Statement of Financial Expenses The amount shown as Benefits paid to or for members represents the Patronage Capital for the year that the Cooperative credited to member capital accounts based on electric sales revenues in excess of operating costs and expenses. Form 990, Part VI, Line 16a - Gov, Mgt & Disc - Int in Joint Venture The Association entered into a joint ownership agreement for construction and operation of a 750 megawatt coal-fired electric power generation plant in Pueblo, Colorado known as Comanche III. The Association's total net investment is about $338,000,000 for its 25.333% ownership interest. Public Service Company of Colorado operates the plant. The parties share operating expenses and receive energy from the plant in proportion to their ownership interest. Comanche III has been in commercial operation since July 2010. Form 990, Part VI, Line 16b - Gov, Mgt & Disc - Int in Joint Venture The investment in Comanche III results in no receipt of revenue or profit from the plant. Rather, the Association receives energy. The Association does not participate in joint ventures or similar arrangements with taxable entities with the expectaion of receiving revenue or profits. Therefore, no written policy or procedure is necessary.