2013-08-13T19:01:00-05:00 2012-12-31 135381590 BDO USA LLP 3601 C STREET SUITE 600 ANCHORAGE AK 99503 990 2012-01-01 431964262 INSIDE PASSAGE ELECTRIC COOPERATIVE INC INSI 9077893196 PO BOX 210149 AUKE BAY AK 99821 JODI MITCHELL 9077893196 2013-08-08 1 KEY E GETTY CPA P00121200 9072788878 2012 2016-02-24 21:20:13Z JODI MITCHELL PO BOX 210149 AUKE BAY AK 99621 6732881 0 X WWW.MYIPEC.ORG X 2004 AK RURAL REGULATED ELECTRIC UTILITY PROVIDING SERVICE TO HOONAH, KAKE, CHILKAT VALLEY, ANGOON, KLUKWAN IN SOUTHEAST ALASKA. 5 5 27 5 0 0 1692224 453989 5926124 6083590 3247 3465 179289 170810 7800884 6711854 0 0 0 0 651221 1602883 0 0 0 6892932 4957788 7544153 6560671 256731 151183 12274917 11537957 6482343 5594200 5792574 5943757 TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO MEMBERS AT THE LOWEST REASONABLE AND RESPONSIBLE COST. 0 0 PROVIDED ELECTRICAL SERVICE TO 468 CUSTOMERS IN HOONAH, 305 CUSTOMERS IN KAKE, 243 CUSTOMERS IN THE CHILKAT VALLEY, 237 CUSTOMERS IN ANGOON, AND 62 CUSTOMERS IN KLUKWAN, ALASKA FOR A TOTAL OF 10,186,619 KILOWATT HOURS SOLD IN 2012. 0 1 0 0 0 0 0 0 0 1 0 1 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 12 0 1 27 1 0 0 0 0 0 0 0 6083590 45964 0 X 5 5 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 0 0 0 X ROXANNE DRAKE-BURKHART CONTROLLER 9077893196 PO BOX 210149 AUKE BAY AK 99821 RICHARD GEORGE 1.00 X X 6000 0 0 GRACE VILLARREAL 1.00 X X 6000 0 0 WILBUR BROWN 1.00 X X 6500 0 0 LARRY BECK 1.00 X 6500 0 0 JIM STRONG 1.00 X 5000 0 0 GENE STRONG 1.00 X 3500 0 0 JODI MITCHELL 37.50 X 125154 0 68189 158654 0 68189 1 0 1 0 HDR ALASKA INC 2525 C STSUITE 305 ANCHORAGE AK 99503 HYDROELECTRIC PROJECT CONSULTANT 333029 HATTENBURG DILLEY & LINNELL LLC 3335 ARCTIC BLVD SUITE 100 ANCHORAGE AK 99503 CONSULTANT GEOTHERMAL PROJECT 305472 CHATHAM ELECTRIC INC PO BOX 34977 ANCHORAGE AK 99803 CONTRACTED ELECTRIC LINE CREW 107578 3 453989 453989 UTILITY SERVICES 221000 6083590 6083590 6083590 3465 3465 42499 21027 21472 21472 21472 PATRONAGE CAPTIAL (GAI 900099 149338 149338 149338 6711854 6232928 0 24937 226843 787500 461789 40730 86021 40067 30071 25000 35095 38108 12950 31029 14741 20158 144558 558566 54226 POWER PRODUCTION OPERAT 3110934 CAPITAL GRANT EXPENDITU 453989 DISTRIBUTION EXPENSE 252000 PURCHASED POWER 93185 43111 6560671 X 500 500 221692 154934 44759 1476965 980241 743624 845846 135462 87421 18903600 10631880 8607881 8271720 1027113 1151357 61680 1179 12274917 11537957 522332 312839 5618661 5070347 341350 211014 6482343 5594200 X 0 0 3886177 3886177 1906397 2057580 5792574 5943757 12274917 11537957 151183 0 X 0 1 X 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100900 100900 18802700 10631880 8170820 8271720 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 1151357 C 1151357 CONSUMER DEPOSITS 55590 DEFERRED CREDITS 155424 211014 X 6257865 0 6257865 453989 453989 6711854 6106682 0 6106682 453989 453989 6560671 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ORGANIZATION APPLIES THE PROVISIONS OF TOPIC 740 OF THE FASB ACCOUNTING STANDARDS CODIFICATION RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION ANNUALLY REVIEWS ITS RETURN AND POSITIONS TAKEN IN ACCORDANCE WITH THE RECOGNITION STANDARDS. THE ORGANIZATION BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS TAKEN IN ACCORDANCE WITH THE RECOGNITION STANDARDS THAT WOULD REQUIRE DISCLOSURE OR ADJUSTMENT IN THESE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT INCOME NETTED AGAINST CAPITAL EXPENDITURES 453,989. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT INCOME NETTED AGAINST CAPITAL EXPENDITURES 453,989. X 0 0 0 JODI MITCHELL 125154 0 0 0 0 0 48148 0 20041 0 193343 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 OUR MEMBERS CONSIST OF CUSTOMERS WITH ELECTRICAL SERVICE TO THEIR RESIDENCE OR BUSINESS. WE DO NOT HAVE ANY STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A ELIGIBLE MEMBERS ARE ALLOWED TO VOTE FOR ANY QUALIFIED CANDIDATES FROM EACH OF OUR FIVE DISTRICTS (SERVICE AREAS). FORM 990, PART VI, SECTION A, LINE 7B AMENDMENTS TO OUR BYLAWS OR ELECTION OF BOARD MEMBERS ARE THE ONLY ISSUES THAT ELIGIBLE MEMBERS MAY VOTE ON DURING OUR ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THIS IS NOT APPLICABLE TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11 OUR BOARD HAS NOT EXPRESSED ANY INTEREST IN REVIEWING THE FORM 990 BEFORE SUBMISSION TO THE IRS, HOWEVER WE CAN CHANGE THAT PRACTICE IF IT IS REQUIRED. OUR BOARD MEETS BI-MONTHLY. THE BOARD HOWEVER REVIEWS AND APPROVES OUR ANNUAL AUDIT REPORT UPON WHICH OUR FORM 990 IS BASED. OUR TYPICAL REVIEW PROCESS OF COMPLETED FORM 990 IS DONE BY THE CFO AND ADMINISTRATIVE OFFICER BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C WE HAVE NOT HAD ANY ISSUES WITH NON-COMPLIANCE AND COMPLETE AN INTERVIEW REGARDING COMPLIANCE ISSUES WITH A REPRESENTATIVE FROM RUS EVERY TWO YEARS. FORM 990, PART VI, SECTION C, LINE 18 OUR COMPLETED FORM 990 IS AVAILABLE THROUGH OUR OFFICE UPON REQUEST LIMITED TO THE MOST RECENT THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO OUR MEMBERS UPON REQUEST.