2015-05-15T13:40:05-07:00 2014-12-31 990 2014-01-01 840248168 LA PLATA ELECTRIC ASSOCIATION INC LAPL 9703823584 PO Box 2750 Durango CO 813022750 Dennis Svanes CFO 9703823589 2015-05-15 2014 2016-02-25 16:41:14Z Michael Dreyspring PO Box 2750 Durango CO 81302 111780722 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 12 120 0 198538 0 0 0 104424991 106340198 992192 591240 5190477 4849284 110607660 111780722 0 243442 1767312 0 1097012 0 0 0 0 100358451 104053968 103222775 104297410 7384885 7483312 318594843 323345252 190019255 189501226 128575588 133844026 To provide our members with safe, reliable electricity at the lowest reasonable cost while being environmentally responsible. 0 0 104053968 0 111780722 LPEA is an electric distribution system; as of December 31, 2014, LPEA had 45,077 services in place and 3,632 miles of line. 0 0 0 104053968 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 1 324 0 1 120 1 0 0 0 0 0 105017652 6763070 0 X 12 12 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 X Dennis Svanes 9702475786 45 Stewart Street Durango CO 81303 Michael Rendon President 5.00 0 X 17775 0 0 Heather Erb Vice President 7 0 X 16175 0 0 Mark Garcia Treasurer 7 0 X 18975 0 0 Jeffrey A Berman Secretary 8 5 X 23025 0 0 Joseph Wheeling Director 6.00 7 X 16918 0 0 Tom Compton Director 6 0 X 15050 0 0 Jerry McCaw Director 4.00 0 X 16125 0 0 Robert Formwalt Director 9.00 0 X 18250 0 0 Britt Bassett Director 11 0 X 17575 0 0 Davin Montoya Director 6.00 0 X 17850 0 0 Jack Turner Director 9.00 2 X 20325 0 0 Michael Dreyspring Chief Executive Officer 60 0 X 69839 0 0 Gregory Munro Chief Executive Officer - until 8/1/2014 50 0 X 284580 0 0 Dennis Svanes Chief Financial Officer 50 0 X 167987 0 2306 Steve Gregg Manager of Operations 50 0 X 151108 0 443 Ron Meier Manager of Engineering 50 0 X 150006 0 1000 Mark Schwantes Manager of Corporate Services 40 0 X 146359 0 1346 John L Hahn Dispatch Personnel 40 0 X 136527 0 0 Jerry B McKonly Dispatch Personnel 40 0 X 128580 0 1606 Daniel Harms Systems Engineer 50 0 X 127624 0 1008 Justin Talbot Manager of Operations 50 0 X 124832 0 1342 1685485 0 9051 21 0 1 0 Forestry Specialists 4285 County Road 141 Durango CO 81303 Tree Trimming 869847 Reliable Power Consultants 1001 A East Harmony Road 143 Fort Collins CO 80525 Consulting Services 629353 Richardson Construction 3940 County Rd 119 Hesperus CO 81326 Construction Services 551132 Utility Partners of America PO Box 644730 Pittsburgh PA 15264 Network and Meter Installation Services 391150 Dak Drilling 732 County Road 233 Durango CO 81301 Drilling 324758 8 0 Operating Revenue and Patronage Capital 221000 106340198 106340198 0 0 0 0 0 0 106340198 591240 591240 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Generation & Transmission & Other Capital Credits 221000 4574068 4574068 0 0 Non-Operating Margins - Other 221000 76678 76678 0 0 Gain/Loss from Subsidiaries 900003 198538 0 198538 0 0 0 0 0 4849284 111780722 111582184 198538 0 X 182942 60500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5123350 0 9139976 89790642 104297410 0 0 0 12948752 15166541 25788634 27001670 0 0 13527044 14249297 0 0 0 0 724017 319117 2323674 1219270 406762 485484 290586231 107837687 183667707 182748544 0 0 78821910 81786956 0 0 0 0 386343 368373 318594843 323345252 7921718 7678206 0 0 0 29182335 0 0 0 0 0 0 141587506 146695988 0 0 40510031 5944697 190019255 189501226 X 0 0 0 0 128575588 133844026 128575588 133844026 318594843 323345252 X 7483312 0 0 0 3102831 -5317705 X 0 1 X 1 0 3481985 0 3481985 7513689 0 3945700 3567989 0 0 0 0 16360671 0 13370097 2990574 263229886 0 90521890 172707996 182748544 0 C 0 C Investment in Subsidiary Company 4623935 C Investment in Associated Organization - Patronage Capital 74859679 C Investment in Associated Organizations - Other - Nongeneral Funds 2172096 C Other Investment - Pathnet 131246 F 81786956 0 Accrued expenses 3488507 Accrued taxes 1349054 Customer deposits 1107136 5944697 1 LPEA Round Up Foundation PO Box 2750 Durango CO 81302 841327921 501(c)(3) 85877 0 Cost To support the LPEA Round UP Foundation mission. 4Core 10 Town Plaza Unit 190 Durango CO 81301 111111111 501(c)(3) 10000 0 Cost To support the 4Core mission. Fort Lewis College Foundation 1000 Rim Drive Durango CO 81301 237122114 501(c)(3) 20000 0 Cost To support the FLC Foundation mission. Upper San Juan Health Service District 95 S Pagosa Blvd Pagosa Springs CO 81147 333333333 501(c)(3) 10000 0 Cost To support the Upper San Juan Health Service District mission. Manna Soup Kitchen 1100 Avenida Del Sol Durango CO 81301 444444444 501(c)(3) 10000 0 Cost To support the Manna Soup Kitchen mission. Durango Adult Education Center (DAEC) 701 Camino Del Rio Unit 301 Durango CO 81301 555555555 501(c)(3) 8656 0 Cost To support the DAEC mission. Housing Solutions for the SW 295 Girard St Durango CO 81303 840853925 501(c)(3) 10000 0 Cost To support the Housing Solutions for the SW mission. Colorado Lions Kidsight Program Inc 8200 S Quebec St Unit A3 704 Centennial CO 80112 777777777 501(c)(3) 7385 0 Cost To support the CO Lions Kidsight Program mission. Regional Substance Abuse 1309 E 3rd Ave Durango CO 81301 888888888 501(c)(3) 10614 0 Cost To support the Regional Substance Abuse mission. Big Brothers Big Sisters of La Plata County 72 Suttle St Unit 1 Durango CO 81303 742333611 501(c)(3) 8000 0 Cost To support the BBBS mission. Pagosa Springs Elementary School 141 S 10th St Pagosa Springs CO 81147 111111112 501(c)(3) 9270 0 Cost To support the Pagosa Springs Elementary School mission. Ignacio School District 11JT 315 Ignacio St Ignacio CO 81137 111111113 501(c)(3) 15000 0 Cost To support the Ignacio School District 11JT mission. 15 0 Scholarship 1 7000 0 Cost Scholarship 1 7500 0 Cost Scholarship 1 7000 0 Cost Scholarship 1 7500 0 Scholarship 1 7000 0 Cost Schedule I, Part I, Line 2 LPEA maintains proper records regarding grants and assistance. X X 1 1 X X X 0 0 0 Gregory Munro Chief Executive Officer - until 8/1/2014 256132 0 0 0 2068 0 0 0 0 0 258200 0 0 0 Dennis Svanes Chief Financial Officer 154185 0 2221 0 882 0 0 0 2306 0 159594 0 0 0 Steve Gregg Manager of Operations 138074 0 3526 0 2418 0 0 0 443 0 144461 0 0 0 Ron Meier Manager of Engineering 135361 0 4941 0 977 0 0 0 1000 0 142279 0 0 0 Schedule J, Part I, Line 1a The spouse is allowed to travel with the CEO on business travel up to four trips per year for NRECA, CREA, and CFC functions. Also, LPEA will pay a portion of health club dues for all employees. Schedule J, Part I, Line 3 An independent third party provides salary comparison reports from data gathered from other 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. 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 all members of the governing body, officers, and key staff before being finalized and submitted. Form 990, Part VI, Section B, Line 12c Annually, officers, directors, and key employees discuss any 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 is performed annually. The most recent review occurred in April 2015. Form 990, Part VI, Section C, Line 19 Documents may be found on the LPEA website, www.lpea.coop. Any document not available on the website is provided upon request. Form 990, Part IX, Line 24e Cost of power and goods sold, Transmission, Distribution, Maintenance of distribution plant, Accounting and collection expenses, Other customer expenses, and Administrative and general Form 990, Part XI, Line 9 Allocation and retirement of Patronage Capital in 2014. FastTrack Communications 779 Tech Center Drive Durango CO 81301 841610295 Telecommunications for Business CO N/A C 198539 4623935 0.7625 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 FastTrack Communications o 12493 CFO and Executive Assistant offer services to the subsidiary. Amounts are calculated based on salary.