2012-11-08T16:50:50-06:00 2011-12-31 920088037 MIKUNDA COTTRELL & CO CPA'S 3601 C STREET SUITE 600 ANCHORAGE AK 99503 990 2011-01-01 431964262 INSIDE PASSAGE ELECTRIC COOPERATIVE INC INSI 9077893196 PO BOX 210149 AUKE BAY AK 99821 JODI MITCHELL 9077893196 2012-11-06 1 KEY E GETTY CPA P00121200 9072788878 2012-11-06 2011 2016-02-24 21:20:13Z JODI MITCHELL PO BOX 210149 AUKE BAY AK 99621 7819278 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 31 0 0 0 814425 1692224 5242015 5926124 3366 3247 42524 179289 6102330 7800884 0 0 0 0 670317 651221 0 0 0 5133576 6892932 5803893 7544153 298437 256731 11979531 12274917 6443688 6482343 5535843 5792574 TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE TO MEMBERS AT THE LOWEST REASONABLE AND RESPONSIBLE COST. 0 0 PROVIDED ELECTRICAL SERVICE TO 458 CUSTOMERS IN HOONAH, ALASKA, 294 CUSTOMERS IN KAKE, ALASKA AND 239 CUSTOMERS IN ANGOON, ALASKA FOR A TOTAL OF 8,758,032 KILOWATT HOURS IN 2011. 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 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 0 1 1 0 1 31 1 0 0 0 0 0 5926124 39330 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 5250 0 0 KIMBERLEY STRONG 1.00 X 1750 0 0 WILBUR BROWN 1.00 X 4500 0 0 JAMES COX 1.00 X 3000 0 0 GENE STRONG 1.00 X 3250 0 0 GRACE VILLARREAL 1.00 X 5000 0 0 JODI MITCHELL 37.50 X 120182 0 65593 142932 0 65593 1 0 1 0 HDR ALASKA INC 2525 C STSUITE 305 ANCHORAGE AK 99503 HYDROELECTRIC PROJECT CONSULTANT 415899 HATTENBURG DILLEY & LINNELL LLC 3335 ARCTIC BLVD SUITE 100 ANCHORAGE AK 99503 CONSULTANT GEOTHERMAL PROJECT 184599 CHATHAM ELECTRIC INC PO BOX 34977 JUNEAU AK 99803 CONTRACTED ELECTRIC LINE CREW 151291 3 1692224 1692224 UTILITY SERVICES 221000 5926124 5926124 5926124 3247 3247 27776 18394 9382 9382 9382 PATRONAGE CAPTIAL (GAI 900099 161601 161601 OTHER 900099 8306 8306 169907 7800884 6096031 0 12629 208525 205904 160962 75830 17077 25447 25000 27908 15858 26925 164375 636751 57346 POWER PRODUCTION OPERAT 3338500 CAPITAL GRANT EXPENDITU 1692224 CONSUMER ACCOUNTS 239796 POWER PRODUCTION MAINTE 230417 395308 7544153 X 500 500 274036 221692 884788 1476965 735650 743624 287437 135462 19830883 11162499 8920174 8668384 876946 1028290 11979531 12274917 329001 522332 5862452 5618661 252235 341350 6443688 6482343 X 0 0 3886177 3886177 1649666 1906397 5535843 5792574 11979531 12274917 256731 0 X 0 1 0 X 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 100900 100900 19729983 11162499 8567484 8668384 OTHER ACCRUED ASSETS 1177 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 1027113 1028290 CONSUMER DEPOSITS 158896 DEFERRED CREDITS 182454 341350 7800884 7544153 256731 256731 6108660 0 6108660 1692224 1692224 7800884 5851929 0 5851929 1692224 1692224 7544153 PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT INCOME NETTED AGAINST CAPITAL EXPENDITURES 1,692,224. PART XIII, LINE 4B - OTHER ADJUSTMENTS: GRANT INCOME NETTED AGAINST CAPITAL EXPENDITURES 1,692,224. X 0 0 0 JODI MITCHELL 120182 0 0 0 0 0 46898 0 18695 0 185775 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.