2022-09-15T16:47:18-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2021-01-01 741062291 RIO GRANDE ELECTRIC COOPERATIVE INC RIOG 8305632444 PO BOX 1509 BRACKETTVILLE TX 78832 THERESA QUIROZ INTERIM CEO 8305632444 2022-07-21 1 THERESA QUIROZ 999009999 KATHERINE LUTZKE CPA P01760889 5072802300 2022-07-21 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z THERESA QUIROZ PO BOX 1509 BRACKETTVILLE TX 78832 60437291 0 1 X WWW.RGEC.COM X 1945 TX TO PROVIDE RELIABLE ELECTRICAL SERVICE TO MEMBERS AT AFFORDABLE RATES. 13 13 191 0 0 0 0 0 58641347 59622299 525170 173065 619904 540681 59786421 60336045 19513 23060 8810215 5952409 439705 450054 0 0 0 50516988 53910522 59786421 60336045 0 0 175640103 196163042 92097075 107657000 83543028 88506042 RGEC IS COMMITTED TO PROVIDING SAFE AND RELIABLE ENERGY SERVICES THROUGH THE EFFICIENT USE OF RESOURCES, HIGHLY SKILLED EMPLOYEES, AND TECHNOLOGY. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 6,914 MEMBERS AND 14,134 METERS. 0 0 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 1 128 0 191 1 0 0 0 0 0 0 0 63020512 673730 0 0 0 X 13 13 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 X BLAISE DURBIN 8305632444 HWY 90 SH131 BRACKETTVILLE TX 78832 MARK DAUGHERTY DIRECTOR 4.00 X 2400 0 0 ROWDY HOMSLEY DIRECTOR 4.00 X 8800 0 0 CODY WHITEHEAD BURNS DIRECTOR 4.00 X 6400 0 0 GRANT SPENCE DIRECTOR 4.00 X 2000 0 0 MARLIN KEITH RICHARDSON DIRECTOR 4.00 X 7200 0 0 DON JAN METCALF DIRECTOR 4.00 X 8400 0 0 JOHNY SHEETS DIRECTOR 4.00 X 10700 0 0 BRYON GARRISON DIRECTOR 4.00 X 9300 0 0 JAMIE BALLEW TREASURER 4.00 X X 9200 0 0 TIMOTHY EDWARDS PRESIDENT 4.00 X X 9150 0 0 MARGARITA NELSON DIRECTOR 4.00 X 9200 0 0 PRISCILLA PARSONS SECRETARY 4.00 X X 10450 0 0 HOWARD WAKEFIELD JR DIRECTOR 4.00 X 2400 0 0 WILLIAM FOSTER VICE PRESIDENT 4.00 X X 10450 0 0 EDWARD WALKER DIRECTOR 4.00 X 5600 0 0 ROGELIO ANDRADE CHIEF EXECUTIVE OFFICER 45.40 X 229116 0 109288 THERESA QUIROZ CHIEF OPERATING OFFICER 43.00 X 156970 0 120154 LARRY POWELL CHIEF SPECIAL PROJECT OFFI 45.20 X 129726 0 118278 MARTHA GERARDO CHIEF HUMAN RESOURCE OFFIC 42.90 X 133674 0 90610 CONRAD DALTON CHIEF TECHNICAL OFFICER 46.20 X 128409 0 91855 SHAWN STANLEY CHIEF FINANCIAL OFFICER 44.00 X 146258 0 100946 1035803 0 631131 6 0 1 0 URBAN ELECTRICAL SERVICES INC PO BOX 219 CARRIZO SPRINGS TX 78834 CONSTRUCTION 1574675 BIRD ELECTRIC ENTERPRISES 9737 GREAT HILLS AUSTIN TX 78759 CONSTRUCTION 609985 PHOENIX GENERAL CONTRACTORS LLC PO BOX 961477 EL PASO TX 79996 CONSTRUCTION 486405 RS MECHANICAL 4101 EMORY ROAD EL PASO TX 79922 CONSTRUCTION 464947 CHEBO'S ELECTRIC PO BOX 4670 ANTHONY NM 88021 CONSTRUCTION 297687 12 SALE OF POWER 221000 53239372 53239372 OTHER OPERATING INCOME 221000 6382927 6382927 59622299 169945 169945 176404 27451 148953 148953 148953 3120 0 3120 3120 3120 77921 73795 4126 4126 CAPITAL CREDITS 221000 387602 387602 387602 60336045 60014027 0 322018 X 23060 5952409 450054 1465046 5476523 COST OF POWER 28317519 DIST EXP - OPERATIONS 9991491 DIST EXP - MAINTENANCE 3308243 ADMIN & GENERAL EXP 3276655 2075045 60336045 15774691 20536582 13588188 16844317 2217194 2176734 2920664 3097236 2224519 8928948 198115845 77717604 114898218 120398241 89128 98082 23849626 24035962 77875 46940 175640103 196163042 6392384 7587054 40772392 38887485 44932299 61182461 92097075 107657000 X 34045 34705 0 0 83508983 88471337 83543028 88506042 175640103 196163042 X 0 4963014 X 0 1 X 0 0 469509 469509 8262842 2711964 5550878 185246795 75005640 110241155 4136699 4136699 120398241 PATRONAGE CAPITAL IN ASSOCIATED COOPERATIVES 2160276 C CFC 21875686 C 24035962 CUSTOMER DEPOSITS 714642 DEFERRED CREDITS 60467819 61182461 X 60336045 0 60336045 0 60336045 54383638 0 54383638 5952407 5952407 60336045 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (IRC). THE COOPERATIVE INCURS UNRELATED BUSINESS INCOME TAXABLE INCOME (UBI) UNDER THE IRC ON CERTAIN REVENUE STREAMS, BUT HAS NET OPERATING LOSS CARRYFORWARDS OF APPROXIMATELY $894,000 TO OFFSET FUTURE TAXABLE INCOME AS OF DECEMBER 31, 2021. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED AT DECEMBER 31, 2021 AND 2020. THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2021 AND 2020. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS ALLOCATED 5,952,409. ROUNDING -2. X 1 0 X 0 0 0 ROGELIO ANDRADE CHIEF EXECUTIVE OFFICER 229116 0 0 0 0 0 82451 0 26837 0 338404 0 0 0 THERESA QUIROZ CHIEF OPERATING OFFICER 156970 0 0 0 0 0 93317 0 26837 0 277124 0 0 0 LARRY POWELL CHIEF SPECIAL PROJECT OFFI 129726 0 0 0 0 0 91809 0 26469 0 248004 0 0 0 SHAWN STANLEY CHIEF FINANCIAL OFFICER 146258 0 0 0 0 0 74109 0 26837 0 247204 0 0 0 MARTHA GERARDO CHIEF HUMAN RESOURCE OFFIC 133674 0 0 0 0 0 88707 0 1903 0 224284 0 0 0 CONRAD DALTON CHIEF TECHNICAL OFFICER 128409 0 0 0 0 0 65018 0 26837 0 220264 0 0 0 PART I, LINE 1A ROGELIO ANDRADE, CHIEF EXECUTIVE OFFICER, RECEIVES A HOUSING ALLOWANCE FOR PERSONAL USE. THIS AMOUNT IS INCLUDED IN HIS TAXABLE COMPENSATION. HE RECEIVED $22,200 AS A HOUSING ALLOWANCE IN 2021. PART II INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR THE CEO. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. PART I, LINE 1A: THE CEO IS REQUIRED, AS PART OF HIS COMPENSATION PACKAGE, TO LIVE IN A HOUSE OWNED BY THE COOPERATIVE AS STATED IN A BOARD RESOLUTION. A RENTAL VALUE OF THE HOME IS REPORTED ON THE CEO'S W-2 FOR INCOME TAX PURPOSES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO TYPES OF MEMBERS, EACH HAVE THE SAME VOTING RIGHTS. 1. BUNDLED ELECTRIC ENERGY SERVICE. 2. UNBUNDLED DISTRIBUTION SERVICE UNDER CONTRACT (MILITARY BASE). FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE FOR EACH OPEN DISTRICT BOARD POSITION. FORM 990, PART VI, SECTION A, LINE 7B DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE COOPERATIVE'S PROPERTY IS SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE CEO. AFTER THE REVIEW, A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS. THE 990 IS PRESENTED TO THE BOARD MEMBERS AT THE BOARD MEETING PRIOR TO ITS FILING, IF SO REQUESTED BY ANY BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY STATES THE PERSON MUST COME FORTH IN ACCORDANCE WITH POLICY. THE DIRECTORS ARE REQUIRED TO COMPLETE AN AFFIDAVIT OF ELIGIBILITY DURING TIME OF ELECTION OR RE-ELECTION STATING SUCH CONFLICT. DIRECTORS COMPLETE A RELATIONSHIP AND BUSINESS INTERESTS QUESTIONNAIRE ANNUALLY. EACH EMPLOYEE IS ALSO ASKED TO DISCLOSE INFORMATION IN THEIR APPLICATION. FORM 990, PART VI, SECTION B, LINE 15 EACH DIRECTOR COMPLETES AN APPROVED EVALUATION AND SUBMITS IT TO THE CEO REVIEW COMMITTEE ON AN ANNUAL BASIS. THE COMMITTEE THEN DEVELOPS A COMPOSITE OF ALL EVALUATION FORMS TO PRESENT TO THE CEO. REGIONAL, STATE, AND NATIONAL DATA IS USED TO ASSIST THE BOARD IN DETERMINING THE CEO SALARY. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES. KEY EMPLOYEES ARE ANNUALLY EVALUATED BY THE CEO. A SALARY ADMINISTRATION PLAN IS REVIEWED AND UPDATED ANNUALLY AND PRESENTED TO THE BOARD FOR APPROVAL. THE SALARY ADMINISTRATION PLAN SETS TARGET COMPENSATION RANGES FOR ALL POSITIONS USING REGIONAL, STATE AND NATIONAL DATA. THIS PROCESS IS DOCUMENTED IN THE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ALSO VIA THE COOPERATIVE'S WEBSITE. FORM 990, PART IX, LINE 4: THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI ON PAGE 12 OF THE FORM 990 AND IN PART XII ON SCHEDULE D. FORM 990, PART XI, LINE 9: PATRONAGE DIVIDENDS ALLOCATED 5,952,409. CAPITAL CREDITS RETIRED -990,053. CHANGE IN MEMBERSHIPS 660. ROUNDING -2.