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TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.OMB No. 1545-0047
2010
Open to Public
Inspection
Inspection
Name of the organization
HIGH WEST ENERGY INC
Employer identification number
83-0143525
83-0143525
| Identifier | Return Reference | Explanation |
|---|---|---|
| Form 990, Part VI, Section A, line 4 | ARTICLE I, SECTION 1 OF THE COOPERATIVE BYLAWS WAS AMENDED TO REMOVE THE MEMBERSHIP FEE REQIREMENT. ARTICLE VI, SECTION 5 WAS AMENDED TO ALLOW THE BOARD OF DIRECTORS TO FIX THE COMPENSATION OF THE DIRECTORS AND TO PROVIDE AUTHORIZED EXPENSE REIMBURSEMENT FOR THE BOARD OF DIRECTORS. ARTICLE VII, SECTION 2, WHICH PROVIDED FOR THE ISSUANCE OF MEMBERSHIP CERTIFICATES, WAS REMOVED. ARTICLE VIII, SECTION 2 WAS AMENDED TO REMOVE THE REQUIREMENT THAT SUBSEQUENT MARGINS OF MEMBERS' CAPITAL BE REDUCED BY CURRENT YEAR LOSSES. THE LIMITATION WAS ALSO REMOVED THAT REQUIRED NET MARGINS FOR THE YEAR TO EXCEED 5% OF A SUBSEQUENT YEAR'S CHARGES TO PATRONS, PRIOR TO A RETIREMENT OF PATRONAGE CAPITAL CREDITS TO MEMBERS. SECTION 2 WAS FURTHER AMENDED TO STIPULATE THAT THE ALLOCATION OF CAPITAL CREDITS, THE TIMING OF THE ALLOCATION, AND THE BASIS ON WHICH THE CAPITAL CREDITS WERE ALLOCATD, WILL BE DETERMINED BY THE BOARD. THE SECTION 2 ADMENDMENTS ALSO PROVIDED THAT ANY OUTSTANDING AMOUNT OWED THE COOPERATIVE BY A MEMBER COULD BE PAID WITH THE MEMBER'S PATRONAGE CAPITAL CREDIT RETIREMENT. ARTICLE VIII, SECTION 3, PATRONAGE REFUNDS IN CONNECTION WITH FURNISHING OTHER SERVICES WAS AMENDED TO REFLECT THE NEW METHODS AND REQUIREMENTS OF REFUNDING PATRONAGE CAPITAL CREDITS IN ARTICLE VIII, SECTION 2 (ABOVE). | |
| Form 990, Part VI, Section A, line 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. | |
| Form 990, Part VI, Section A, line 7a | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS PER DISTRICT. | |
| Form 990, Part VI, Section A, line 7b | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE. 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE; 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION; 3. THE DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS; AND 4. AMENDMENT OF THE COOPERATIVES' BYLAWS. | |
| Form 990, Part VI, Section B, line 11 | MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. THE DISCUSSION AND REVIEW WAS PERFORMED AT THE BOARD MEETING IMMEDIATELY BEFORE FILING THE FORM 990. | |
| Form 990, Part VI, Section B, line 15 | THE BOARD OF DIRECTORS USE COMPARATIVE INDUSTRY DATA FROM EACH STATE IN THE COOPERATIVE'S NRECA REGION AND SUPPLEMENTAL NATIONAL DATA PROVIDED BY NRECA WHEN DETERMINING THE COMPENSATION OF THE GENERAL MANAGER. THIS DATA SHOWS COMPARATIVE SALARIES FOR GENERAL MANAGERS FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN WYOMING, NEBRASKA, COLORADO, AND THE NATION. THE BOARD AND THE GENERAL MANAGER USE COMPARATIVE INDUSTRY DATA FROM EACH STATE IN THE COOPERATIVE'S NRECA REGION AND SUPPLEMENTAL NATIONAL DATA PROVIDED BY NRECA WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THIS DATA SHOWS COMPARATIVE SALARIES FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN WYOMING, NEBRASKA, COLORADO, AND THE NATION. | |
| Form 990, Part VI, Section C, line 19 | THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE AUDITED FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY. ADDITIONALLY, A COPY OF THE COOPERATIVE BYLAWS CAN BE FOUND ON THE COOPERATIVE'S WEBSITE. | |
| INDEPENDENT DIRECTORS | Form 990, Part VI, Line 1b | WAYNE CHILD PER IRS FORM 990 INSTRUCTIONS IS NOT AN INDEPENDENT DIRECTOR BECAUSE HE IS ON THE BOARD OF TRI-STATE G&T ASSOCIATION, INC. THE COOPERATIVE PURCHASES ITS ELECTRIC ENERGY FROM TRI-STATE. THE COOPERATIVE IS A MEMBER OF TRI-STATE. AS SUCH, MR. CHILD IS THE COOPERATIVE'S REPRESENTATIVE ON TRI-STATE'S BOARD. MR. CHILD HAS NO OWNERSHIP INTEREST IN TRI-STATE AND RECEIVES NO DIRECT OR INDIRECT BENEFIT FROM THE COOPERATIVE DOING BUSINESS WITH TRI-STATE. DONALD WISROTH PER IRS FORM 990 INSTRUCTIONS IS NOT AN INDEPENDENT DIRECTOR BECAUSE HE IS ON THE BOARD OF WESTERN UNITED ELECTRIC SUPPLY COMPANY. THE COOPERATIVE PURCHASES ELECTRIC SUPPLIES FROM WESTERN UNITED. THE COOPERATIVE IS A MEMBER OF WESTERN UNITED. AS SUCH, MR. WISROTH IS THE COOPERATIVE'S REPRESENTATIVE ON WESTERN UNITED'S BOARD. MR. WISROTH HAS NO OWNERSHIP INTEREST IN WESTERN UNITED AND RECEIVES NO DIRECT OR INDIRECT BENEFIT FROM THE COOPERATIVE DOING BUSINESS WITH WESTERN UNITED. |
| TO PROVIDE DETAIL REGARDING OFFICER BENEFITS | Form 990, Part VII, Column F | IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE COOPERATIVE HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. AS PART OF THE PLAN DOCUMENT, THE COOPERATIVE PROVIDES CONTRIBUTIONS BASED UPON A PERCENTAGE OF A PARTICIPATING EMPLOYEE'S ANNUAL COMPENSATION. ADDITIONALLY, THE COOPERATIVE PARTICIPATES IN THE NATIONAL RURAL ELECTRIC COMPANY ASSOCIATION (NRECA) 401(K) SAVINGS PLAN AND CONTRIBUTES UP TO 1% OF BASE PAY FOR EMPLOYEES IN THIS PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE COOPERATIVE ALSO PROVIDES HEALTH AND LIFE INSURANCE TO ALL EMPLOYEES, INCLUDING OFFICERS, THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICER IS COMPRISED OF THE TOTAL AMOUNT CONTRIBUTED TO THE 401(K) PENSION PLANS AND THE INSURANCE PREMIUMS PAID FOR THE BENEFIT OF THE OFFICER. IN ADDITION TO THE ABOVE PENSION PLANS, THE COOPERATIVE ALSO PROVIDES POST-RETIREMENT HEALTH INSURANCE BENEFITS THROUGH AN UNFUNDED WELFARE BENEFIT PLAN. THE VALUE OF THESE BENEFITS HAS NOT BEEN ESTIMATED. |
| PATRONAGE DIVIDENDS | Form 990, Part VIII, Line 2 | PATRONAGE DIVIDENDS RESULT FROM THE PURCHASE OF WHOLESALE POWER FROM A GENERATION & TRANSMISSION COOPERATIVE. PATRONAGE DIVIDENDS ALSO RESULT FROM THE PAYMENT OF INTEREST FROM COOPERATIVE BANKS AND THE PURCHASE OF SUPPLIES AND SERVICES FROM OTHER COOPERATIVE ORGANIZATIONS. THE EXPENSES ASSOCIATED WITH PURCHASES FROM AND PAYMENTS TO SUCH COOPERATIVE ORGANIZATIONS ARE A DIRECT COMPONENT OF COST OF THE ELECTRIC SERVICE PROVIDED BY THE COOPERATIVE TO ITS MEMBERS. |
| ACCOUNTING SYSTEM | Form 990, Part IX | THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS AS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION FOR CLASS A AND B ELECTRIC UTILITIES MODIFIED FOR ELECTRIC BORROWERS OF THE RURAL UTILITIES SERVICE (RUS). THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1 - 23. THE COOPERATIVE WILL BREAK OUT SALARIES AND WAGES, EMPLOYEE BENEFITS AND PAYROLL TAXES THAT ARE ALLOCATED IN ACCORDANCE WITH THEIR ACCOUNTING SYSTEM, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 WILL BE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY THE UNIFORM SYSTEM OF ACCOUNTS. |
| BREAKDOWN OF EXPENSES INCLUDED IN ADMINISTRATIVE AND GENERAL | Form 990, Part IX, Line 24 | THE FOLLOWING IS A BREAKDOWN OF THE EXPENSES REPORTED AS ADMINISTRATIVE AND GENERAL EXPENSE ON FORM 990, PART IX, LINE 24. OUTSIDE SERVICES EMPLOYED $116,533 OFFICE SUPPLIES EXPENSE 165,822 GENERAL ADVERTISING EXPENSE 24,259 REGULATORY COMMISSION EXPENSE 25,875 DUES TO ASSOCIATED ORGANIZATIONS 67,172 DIRECTORS EXPENSES 172,286 TOTAL ADMINISTRATIVE AND GENERAL EXPENSE PER 990 $571,947 |
| RECONCILIATION OF WAGES PER RETURN TO FORM W-3 | Form 990, Part IX, Lines 5-7 | SALARIES AND WAGES ARE ALLOCATED TO ASSET, LIABILITY, AND EXPENSE ACCOUNTS BASED ON THE ACCOUNTING SYSTEM DESCRIBED ABOVE. IN AN EFFORT TO EXPLAIN WHY THE AMOUNTS REPORTED ON LINES 5-7 DO NOT AGREE TO THE W-3 THE FOLLOWING RECONCILIATION IS PROVIDED. TOTAL PER LINES 5-7 $1,979,639 LESS DIRECTORS FEES REPORTED ON 1099-MISC (131,849) LESS EMPLOYEE OFFICER BENEFITS INCLUDED IN LINE 5 (64,112) PLUS SALARIES AND WAGES ALLOCATED TO NONOPERATING MARGIN 15,384 PLUS SALARIES AND WAGES ALLOCATED TO ASSET ACCOUNTS 955,318 RECONCILIATION TO W-3 $2,754,380 |
| TO PROVIDE DETAIL REGARDING OTHER EXPENSES | Form 990, Part IX, Line 24f | THE FOLLOWING IS A BREAKDOWN OF THE EXPENSES REPORTED AS OTHER EXPENSES ON FORM 990, PART IX, LINE 24F OTHER ELECTRIC EXPENSE - LINE DAMAGE REPAIR $76,462 TRANSMISSION EXPENSE 16,101 TOTAL OTHER EXPENSES PER FORM 990, LINE 24F $92,563 |
| Changes in Net Assets or Fund Balances: | Form 990, Part XI, line 5: | EQUITY METHOD INCOME OF SUBSIDIARY 56,957. PATRONAGE CAPITAL RETIREMENTS -704,710. NET CHANGE IN MEMBERSHIPS -330. GAIN ON RETIRED CAPITAL CREDITS 50,975. OTHER COMPREHENSIVE INCOME ADJUSTMENT FOR POSTRETIREMENT BENEFITS -72,200. Total to Form 990, Part XI, Line 5: -669,308. |
| AUDIT COMMITTEE | Form 990, Part XII, Line 2c | THE BOARD AS A WHOLE IS RESPONSIBLE FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT AND SELECTING THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010
Additional Data
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