2024-11-08T11:55:04-06:00 2023-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2023-01-01 866056759 GRAND CANYON STATE ELECTRIC COOP INC GRAN 6022866925 2210 S PRIEST DRIVE TEMPE AZ 85282 DAVID LOCK CEO 6022866925 2024-11-01 1 0 ERIN DIPPREY P01419700 8067473806 2024-11-01 X 2023 2024-10-15 13:58:12Z DAVID LOCK 2210 S PRIEST DRIVE TEMPE AZ 85282 2231562 0 X WWW.GCSECA.COOP X 1952 AZ TO REPRESENT, ADVANCE AND PROTECT THE INTERESTS OF ARIZONA'S MEMBER-OWNED, RURAL ELECTRIC COOPERATIVES. 15 15 6 0 10843 0 231121 313299 2164337 1875158 3453 28740 14913 8805 2413824 2226002 0 0 0 0 1117435 1267174 0 0 0 1243352 908527 2360787 2175701 53037 50301 1735552 2207393 1378308 1799848 357244 407545 TO REPRESENT, ADVANCE AND PROTECT THE INTERESTS OF ARIZONA'S MEMBER-OWNED, RURAL ELECTRIC COOPERATIVES. 0 0 THE ASSOCIATION PROVIDES LEGISLATIVE AND REGULATORY REPRESENTATION, EDUCATION, TRAINING AND COMMUNICATIONS SERVICES FOR ITS REGULAR COOPERATIVE MEMBERS AND ITS ASSOCIATE MEMBERS. ALTOGETHER, THE ASSOCIATION SERVES 30 MEMBERS. 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 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 6 0 6 1 1 1 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X DAVID LOCK 6022866925 2210 S PRIEST TEMPE AZ 85282 X JEFF LARSON PRESIDENT 5.00 X X 0 0 0 BILL ARENDELL VICE PRESIDENT 2.00 X X 0 0 0 FRANK DOWNS TREASURER 1.30 X X 0 0 0 CHUCK MOORE SECRETARY 2.00 X X 0 0 0 CHRIS CLARIDGE DIRECTOR 4.00 X 0 0 0 JOE ANDERSON DIRECTOR 9.00 X 0 0 0 TONI BARBARO DIRECTOR 1.00 X 0 0 0 TOM GOODMAN DIRECTOR 1.00 X 0 0 0 JASON BOWLING DIRECTOR 1.00 X 0 0 0 MARSHA THOMPSON DIRECTOR 2.50 X 0 0 0 BRIAN HEITHOFF DIRECTOR 1.00 X 0 0 0 GENE LARSON DIRECTOR 5.00 X 0 0 0 PATRICK LEDGER DIRECTOR 2.00 X 0 0 0 TOM LOVETT DIRECTOR 1.00 X 0 0 0 CHRIS MARTINEZ DIRECTOR 1.00 X 0 0 0 DAVID LOCK CEO 40.00 X 299376 0 171278 JORGE CANACA DIRECTOR OF LEGISLATIVE CO 40.00 X 181894 0 44134 CASEY RATLIEF DIRECTOR OF GOVERNMENT REL 40.00 X 153365 0 37506 634635 0 252918 3 0 1 0 0 313299 313299 MEMBERSHIP DUES 900099 1804008 1804008 EDUCATION/CONFERENCES 611710 60307 60307 DIRECTORY & MAGAZINE A 513140 10843 10843 1875158 28740 28740 12000 0 12000 12000 12000 2365 5560 -3195 -3195 2226002 1864315 10843 37545 331645 555205 26377 301760 52187 85345 31361 85100 4927 14948 16910 136235 94851 315390 4744 TRAINING & EDUCATION 85190 DUES & SUBSCRIPTIONS 24364 CAPITAL OUTLAY 9162 2175701 1315511 1639206 332438 457865 285 17076 61651 29291 60804 46745 8540 14059 17127 17840 0 32056 1735552 2207393 154946 117320 1223362 1656260 0 26268 1378308 1799848 X 307244 357545 50000 50000 357244 407545 1735552 2207393 50301 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 60804 46745 14059 14059 LEASE OBLIGATIONS 26268 26268 X PART X, LINE 2: THE ASSOCIATION HAS ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE ASSOCIATION IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE ASSOCIATION DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, OR OTHER STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. THE ASSOCIATION FILES AN INCOME TAX RETURN IN THE US FEDERAL JURISDICTION. THE ASSOCIATION IS NO LONGER SUBJECT TO US FEDERAL AND STATE INCOME TAX EXAMINATIONS BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2020. X X X 0 0 0 DAVID LOCK CEO 299376 0 0 0 0 0 153856 0 17422 0 470654 0 0 0 JORGE CANACA DIRECTOR OF LEGISLATIVE CO 181894 0 0 0 0 0 35754 0 8380 0 226028 0 0 0 CASEY RATLIEF DIRECTOR OF GOVERNMENT REL 153365 0 0 0 0 0 19319 0 18187 0 190871 0 0 0 SCHEDULE J, PART II, COLUMN C INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BREAKDOWN OF DEFERRED COMPENSATION REPORTED ON PART II, COLUMN (C): DAVID LOCK: INCREASE IN DEFINED BENEFIT PLAN: $139,009 MATCHING CONTRIBUTION TO 401K 14,847 TOTAL REPORTED IN COLUMN C $153,856 JORGE CANACA: INCREASE IN DEFINED BENEFIT PLAN: $ 26,752 MATCHING CONTRIBUTION TO 401K 9,002 TOTAL REPORTED IN COLUMN C $ 35,754 CASEY RATLIEF: INCREASE IN DEFINED BENEFIT PLAN: $ 11,460 MATCHING CONTRIBUTION TO 401K 7,859 TOTAL REPORTED IN COLUMN C $ 19,319 FORM 990, PART VI, SECTION A, LINE 6 FULL MEMBERSHIP SHALL BE LIMITED TO NONPROFIT ELECTRIC COOPERATIVES ENGAGED IN THE GENERATION, TRANSMISSION, DISTRIBUTION OR SALE OF ELECTRICITY. THERE SHALL BE TWO CLASSES OF FULL MEMBERSHIP. CLASS A FULL MEMBERS SHALL BE NONPROFIT ELECTRIC DISTRIBUTION COOPERATIVES. CLASS B FULL MEMBERS SHALL BE NONPROFIT ELECTRIC GENERATION, TRANSMISSION OR MARKETING COOPERATIVES. IN ADDITION, CLASS A ASSOCIATE MEMBERSHIP IS AVAILABLE TO MUNICIPAL ELECTRIC UTILITIES AND ENTITIES WHO QUALIFY FOR RURAL ELECTRIFICATION AND TELEPHONE FINANCING UNDER THE RURAL ELECTRIFICATION ACT. CLASS B ASSOCIATE MEMBERSHIP IS AVAILABLE TO THOSE ENTITIES NOT QUALIFYING UNDER THE OTHER MEMBERSHIP CLASSES, AND CLASS C ASSOCIATE MEMBERSHIP IS AVAILABLE TO ALL OTHER ENTITIES THAT MAKE GOODS AND SERVICES AVAILABLE TO COOPERATIVES. FORM 990, PART VI, SECTION A, LINE 7A EACH CLASS A MEMBER SHALL APPOINT TWO REPRESENTATIVES TO THE BOARD EACH SERVING A TWO YEAR TERM. EACH CLASS B MEMBER SHALL APPOINT ONE REPRESENTATIVE TO SERVE A TWO YEAR TERM. CLASS A ASSOCIATE MEMBERSHIP SHALL HAVE ONE VOTE TO ELECT THE ONE VOTING MEMBER AND ALTERNATE VOTING MEMBER WHO REPRESENT THE ASSOCIATE MEMBERS ON THE BOARD OF DIRECTORS. CLASS B ASSOCIATE AND CLASS C ASSOCIATE MEMBERS SHALL NOT HAVE VOTING PRIVILEGES. FORM 990, PART VI, SECTION B, LINE 11B 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 12C AS SOON AS POSSIBLE, EACH BOARD MEMBER IS REQUIRED TO DISCLOSE TO THE BOARD ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY WHEN DETERMINING THE CEO'S COMPENSATION. THE SURVEY SHOWS SALARIES FROM STATEWIDE CEOS FROM AROUND THE COUNTRY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE IN TEMPE, AZ. FORM 990, PART VII, COLUMN F IN ORDER TO PROVIDE RETIREMENT BENEFITS TO ITS EMPLOYEES, THE ORGANIZATION HAS ESTABLISHED A DEFINED CONTRIBUTION PLAN UNDER SECTION 401(K) OF THE INTERNAL REVENUE CODE. EMPLOYER CONTRIBUTIONS TO THE PLAN ARE MADE PURSUANT TO THE PLAN DOCUMENT. ADDITIONALLY, THE ORGANIZATION PARTICIPATES IN A MULTI-EMPLOYER DEFINED BENEFIT PLAN. CONTRIBUTIONS TO THIS PLAN ARE BASED ON THE FULL FUNDING LIMITATION OF SUCH PLAN. EMPLOYER CONTRIBUTIONS FOR BOTH PLANS ARE AVAILABLE TO PARTICIPATING EMPLOYEES, INCLUDING OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES, MEETING THE ELIGIBILITY REQUIREMENTS OF SUCH PLANS. THE ORGANIZATION ALSO PROVIDES HEALTH, DENTAL, VISION AND LIFE INSURANCE TO ALL ELIGIBLE EMPLOYEES THROUGH A QUALIFIED PLAN. THE AMOUNTS REPORTED ON PART VII, COLUMN (F) FOR THE OFFICERS, KEY EMPLOYEES AND HIGHLY COMPENSATED EMPLOYEES IS COMPRISED OF ACTUARIAL INCREASE IN THE DEFINED BENEFIT PLAN, THE TOTAL AMOUNT CONTRIBUTED BY THE ORGANIZATION TO THE DEFINED CONTRIBUTION PLAN AND INSURANCE PAID ON BEHALF OF AND FOR THEIR BENEFIT. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR.