2016-05-09T16:30:04-07:00 2015-12-31 990 2015-01-01 840248168 LA PLATA ELECTRIC ASSOCIATION INC LAPL 9703823584 PO Box 2750 Durango CO 813022750 Michael Dreyspring Chief Executive Officer 9703823584 2016-04-27 2015 2016-09-27 15:27:22Z Michael Dreyspring PO Box 2750 Durango CO 813022750 109097908 0 X www.lpea.coop X 1939 CO To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. 12 12 116 0 0 0 0 0 106340198 104755377 591240 494754 4849284 3847777 111780722 109097908 243442 189243 0 0 0 0 0 0 0 104053968 101332337 104297410 101521580 7483312 7576328 323345252 320248798 189501226 182883926 133844026 137364872 To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. 0 0 101521580 0 109097908 LPEA is an electric distribution system; as of December 31, 2015, LPEA had 45,636 services in place and 3,650 miles of line. 0 0 0 101521580 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 242 0 1 116 1 0 0 0 0 0 103087201 6010707 0 X 12 12 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X Rachel Gilman 9703823584 PO Box 2750 Durango CO 813022750 Michael Rendon President 5 0 X 16325 0 0 Tom Compton Vice President 8 0 X 17625 0 0 Karen Barger Treasurer 3 0 X 12250 0 0 Jeffrey A Berman Secretary 12 3 X 25025 0 0 Joseph Wheeling Director 5 3 X 16325 37384 0 Mark Garcia Director 5 0 X 17225 0 0 Kohler McInnis Director 5 2 X 12800 0 0 Bob Lynch Director 6 2 X 16825 0 0 Robert Formwalt Director 7 0 X 17600 0 0 Britt Bassett Director 7 0 X 15125 0 0 Davin Montoya Director 4 0 X 16000 0 0 Jack Turner Director 9 0 X 23575 0 0 Michael Dreyspring Chief Executive Officer 60 0 X 224712 0 2550 Dennis Svanes Chief Financial Officer 40 0 X 172763 0 2306 Steve Gregg Chief Operating Officer 50 0 X 187084 0 443 Ron Meier Manager of Engineering 50 0 X 152501 0 2500 Daniel Harms Manager of Rates, Technology, and Energy 50 0 X 140229 0 436 Justin Talbot Manager of Operations 50 0 X 139546 0 592 John L Hahn Dispatch Personnel 40 0 X 131141 0 0 David Gebhardt Major Projects Engineer 40 0 X 125527 0 0 Aaron Renner Dispatch Personnel 40 0 X 121632 0 0 Mark Schwantes Manager of Member Relations 40 0 X X 135103 0 0 1736938 37384 8827 26 1 1 0 Reliable Power Consultants 1001 A East Harmony Road 143 Fort Collins CO 80525 Consulting Services 587964 Utility Partners of America PO Box 644730 Pittsburgh PA 15264 Network and Meter Installation Services 400986 Richardson Construction 3940 County Rd 119 Hesperus CO 81326 Construction Services 304428 Four Corners Locating Services PO BOX 1171 Cortez CO 81321 Line Locating 264031 Maynes Bradford Shipps and Sheftel LLP PO Box 2717 Durango CO 81302 Legal 152570 11 0 Electric energy revenue and gross sales 221122 103087201 103087201 0 0 Miscellaneous revenue 221000 1668176 1668176 0 0 0 0 0 0 104755377 494754 494754 0 0 0 0 0 0 0 0 0 0 0 0 0 0 G&T and Other Capital Credits 221000 3470975 3470975 0 0 Gain/Loss from Subsidiary 900003 318986 318986 0 0 Nonoperating Margins - Other revenue 221000 57816 57816 0 0 0 0 0 0 3847777 109097908 109097908 0 0 134643 54600 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4858268 0 8748497 0 Cost of power and goods sold 69945988 Transmission & Distribution 7161563 Maintenance of Distribution Plant 3267381 G&A and Other Customer Expenses 7350640 101521580 0 0 0 15166541 9192362 27001670 30052542 0 0 14249297 14347836 0 0 0 0 319117 436516 1219270 1348733 485484 804174 295228096 115610038 182748544 179618058 0 0 81786956 84094453 0 0 0 0 368373 354124 323345252 320248798 7678206 7457898 0 0 29182335 25422759 0 0 0 0 0 0 146695988 144094980 0 0 5944697 5908289 189501226 182883926 X 0 0 0 0 133844026 137364872 133844026 137364872 323345252 320248798 X 7576328 0 0 0 0 -4055482 X 0 1 X 1 0 3714080 0 3714080 7676461 0 4038653 3637808 0 0 0 0 16687737 0 13613874 3073863 267149818 0 97957511 169192307 179618058 0 C 0 C Investment in Subsidiary Company 4942920 C Investment in Associated Organizations - Patronage Capital 77102435 C Investment in Associated Organizations - Other - Nongeneral Funds 1938949 C Other Investment - Pathnet 110149 C 84094453 0 Accrued Expenses 3650692 Accrued Taxes 1149555 Customer Deposits 1108042 5908289 1 LPEA Round Up Foundation PO Box 2750 Durango CO 81302 841327921 501(c)(3) 85081 0 Cost n/a To support the LPEA Round Up Foundation mission. Justice Ministries of Pagosa Inc PO Box 5262 Pagosa Springs CO 81147 111111111 501(c)(3) 10000 0 Cost n/a To support the Justice Ministries of Pagosa Inc mission. 4Core 10 Town Plaza Unit 190 Durango CO 81301 222222222 501(c)(3) 50000 0 Cost n/a To support the 4Core mission. Education Literacy Health & Inspiration PO Box 2084 Ignacio CO 81137 333333333 501(c)(3) 9000 0 Cost n/a To support the Education Literacy Health & Inspiration mission. Breen Community Building Association 966 CR 127 Hesperus CO 81326 444444444 501(c)(3) 11026 0 Cost n/a To support the Breen Community Building Association mission. 5 28 Scholarship 11 54600 0 Cost n/a Schedule I, Part I, Line 2 Donations and grants are awarded through initial review of the LPEA Round Up Foundation Board. A second level of review and approval occurs at the LPEA Board level. Records are maintained through Board minutes and electronic accounting records. X 1 1 X X X 0 0 0 Mark Schwantes Manager of Member Relations 135103 0 0 0 5545 0 0 0 0 0 140648 0 0 0 Michael Dreyspring Chief Executive Officer 224712 0 0 0 2739 0 0 0 2550 0 230001 0 0 0 Dennis Svanes Chief Financial Officer 172763 0 1000 0 4159 0 0 0 2306 0 180228 0 0 0 Steve Gregg Chief Operating Officer 187084 0 1500 0 2647 0 0 0 443 0 191674 0 0 0 Ron Meier Manager of Engineering 152501 0 3000 0 3221 0 0 0 2500 0 161222 0 0 0 Schedule J, Part I, Line 1a As a benefit available to all employees, LPEA will pay a portion of health club dues. Schedule J, Part I, Line 3 An independent third party provides salary compensation reports from data gathered from other similar cooperatives nationwide. All compensation changes are reviewed and approved by the Executive Committee; the Board of Directors give final approval. Annual contracts are signed, and documentation of the discussion is noted in the Board of Director minutes. Form 990, Part VI, Section A, Line 6 LPEA is a member owned cooperative. Form 990, Part VI, Section A, Line 7a All directors on the Board are elected by a majority vote of the cooperative's member-owners. Form 990, Part VI, Section B, Line 11b The Form 990 is reviewed by LPEA officers and key staff before being finalized and submitted. Form 990, Part VI, Section B, Line 12c All LPEA members of the Board of Directors, officers, and key staff discuss any conflicts of interest. All employees are told to notify their supervisor of any potential conflicts of interest. Form 990, Part VI, Section B, Line 15 An independent third party provides salary compensation reports from data gathered from similar cooperatives. All compensation changes are reviewed and approved by the Executive Committee. The Board of Directors give final approval. Annual contracts are signed, and documentation of the discussion is noted in the Board of Director minutes. This process is performed for all non-bargaining unit employees. This process is performed annually. The most recent review occurred in April 2016. Form 990, Part VI, Section C, Line 19 Documents not found on the LPEA website, www.lpea.coop, are available in-office upon request. Form 990, Part XI, Line 9 Adjustment due to audit reclassifications. FastTrack Communications 779 Tech Center Drive Unit 200 Durango CO 81301 841610295 Telecommunications for Business CO N/A C 318986 4942920 0.7625 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 FastTrack Communications o 0 Amounts involved are less than $50,000 and do not need to be reported.