2024-11-13T16:20:52+00:00 2023-12-31 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2023-01-01 730999766 Southwestern Power Resources Association Inc SOUT 9186227800 15 West 6th St STE 1310 Tulsa OK 74119 NICKI FULLER EXECUTIVE DIRECTOR 9186227800 2024-11-13 true Jeanette Verrelli P00742631 9727028262 2024-11-15 2023 2024-10-15 13:58:12Z NICKI FULLER 15 West 6th St STE 1310 Tulsa OK 74119 626983 false X WWW.SPRAHYDRO.COM X 1976 OK AN ASSOCIATION OF CONSUMER AND MEMBER-OWNERS RECEIVE A PREFERENCE IN THE PURCHASE OF FEDERAL POWER FROM THE SOUTHWESTERN POWER ADMINISTRATION 12 12 2 12 0 0 0 0 623965 616725 9915 10258 0 0 633880 626983 0 0 0 403210 422121 0 0 0 337721 438007 740931 860128 -107051 -233145 159254833 146439296 158771243 146177680 483590 261616 AN ASSOCIATION OF CONSUMER AND MEMBER-OWNERS RECEIVE A PREFERENCE IN THE PURCHASE OF FEDERAL POWER FROM THE SOUTHWESTERN POWER ADMINISTRATION. false false FACILITATED CONTINUED REVISIONS AND WORK PERFORMED IN AN EXISTING MEMORANDUM OF AGREEMENT THAT ALLOWS THE CONTINUATION OF CUSTOMER FUNDING OF US ARMY CORP PROJECTS, OPERATIONS, AND MAINTENANCE (O&M) REPAIRS AT SOUTHWESTERN'S HYDROPOWER PROJECTS. ADVOCATED FOR THE PROTECTION OF FEDERAL HYDROPOWER CUSTOMERS AGAINST ANY LIABILITIES FROM UNUSED FEDERAL AUTHORIZATIONS FOR THE CONSTRUCTION OF NEW OR UPGRADED TRANSMISSION LINES. PROTECT FEDERAL HYDROPOWER CUSTOMERS FROM ANY NEW LEGISLATION WHICH MIGHT BE ENACTED. 0 false false false true false false false true false true false false true false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 2 0 true 2 true false false false false true true false false false X 12 12 false false false false true true false true true false false true false true true true true false OK X NICKI FULLER 9186227800 15 W 6TH ST STE 1310 TULSA OK 74119 BRIAN ACKERMAN PRESIDENT 1.0 0.0 X X 0 0 0 MARK BARBEE Secretary/Treasurer 0.3 0.0 X X 0 0 0 ANDREW LACHOWSKY DIRECTOR 0.3 0.0 X 0 0 0 Bill Bach DIRECTOR 0.3 0.0 X 0 0 0 Bruce Mintz DIRECTOR 0.3 0.0 X 0 0 0 Darrell Calhoun DIRECTOR 0.3 0.0 X 0 0 0 JAKE RICE DIRECTOR 0.3 0.0 X 0 0 0 James Striedel DIRECTOR 0.3 0.0 X 0 0 0 JEFF LITTLE DIRECTOR 0.3 0.0 X 0 0 0 LESLIE FALKS DIRECTOR 0.3 0.0 X 0 0 0 Marcus Renfrow DIRECTOR 0.3 0.0 X 0 0 0 RYAN TUTOR DIRECTOR 0.3 0.0 X 0 0 0 ALICE WILTSE DIRECTOR OF OPERATIONS 40.0 0.0 X 65508 0 28510 NICKI FULLER EXECUTIVE DIRECTOR 60.0 0.0 X 221243 0 85833 286751 0 114343 1 false true false 0 0 MEMBERSHIP DUES & ASSESSMENTS 221000 612190 612190 ANNUAL MEETINGS 221000 4535 4535 0 0 0 0 616725 10258 10258 0 0 0 0 0 0 0 0 0 626983 616725 0 10258 X 401095 1695 941 18390 17000 46374 91926 115740 1939 13296 3741 40513 49237 46979 4862 DUES 4989 EDUCATION 1411 0 860128 6024 72620 242906 43220 0 0 20409 20409 0 0 234660 145776 0 0 158771243 146177680 159254833 146439296 158771243 146177680 0 0 0 158771243 146177680 X 483590 261616 483590 261616 159254833 146439296 -233145 11171 0 X true X true X true false true false false false true X 6311 6311 0 14098 14098 0 0 FUNDS HELD IN TRUST FOR OTHERS 146177680 146177680 638154 11171 0 11171 626983 0 0 626983 860128 0 0 860128 0 0 860128 Schedule D, Part X, Line 2 LIABILITY FOR UNCERTAIN TAX POSITIONS: THE ASSOCIATION IS A NONPROFIT ORGANIZATION, EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THEREFORE, THE ACCOMPANYING FINANCIAL STATEMENTS CONTAIN NO PROVISION OR LIABILITY FOR INCOME TAXES. THE ENTITY IS LIABLE FOR TAXES TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME AS DEFINED BY INTERNAL REVENUE SERVICE (IRS) REGULATIONS. MANAGEMENT HAS DETERMINED THAT THE ASSOCIATION HAS NOT ENGAGED IN ANY UNRELATED BUSINESS INCOME AS DEFINED BY IRS REGULATIONS AND THUS IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX. MANAGEMENT BELIEVES THAT THE ASSOCIATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ASSOCIATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. Schedule D, Part IV, Line 2b Explanation of escrow agreement THE ASSOCIATION TOOK OWNERSHIP OF A TRUST TO HOLD FUNDS ON BEHALF OF ASSOCIATION MEMBERS AND TO PERIODICALLY DISBURSE SUCH FUNDS TO THE CORPS OF ENGINEERS IN ACCORDANCE WITH AGREEMENTS AMONG MEMBERS, THE ASSOCIATION, SOUTHWESTERN POWER ADMINISTRATION, AND THE CORPS OF ENGINEERS FOR THE PURPOSE OF PARTICIPATING IN FUNDING OF CERTAIN CORPS OF ENGINEERS MAINTENANCE PROJECTS. THE TRUST IS ADMINISTERED BY CENTENNIAL BANK AS TRUSTEE. WHILE THE ASSOCIATION IS OWNER OF THE RELATED TRUST BANK ACCOUNT AND STATED GRANTOR AND BENEFICIARY OF THE TRUST, THE ASSOCIATION ONLY SERVES AS AN AGENT AND FUNDS ARE HELD FOR THE BENEFIT OF MEMBERS AND THE CORPS OF ENGINEERS. IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION 958-325, THE ASSOCIATION RECOGNIZES THE FUNDS HELD IN THE TRUST AS BOTH AN ASSET AND A LIABILITY ON ITS FINANCIAL STATEMENTS. X X false false false NICKI FULLER EXECUTIVE DIRECTOR 221243 0 0 0 0 0 53558 0 32275 0 307076 0 0 0 Form 990, Part VI, Line 6 Classes of members or stockholders ANY ELECTRIC COOPERATIVE, PUBLIC POWER SYSTEM, STATE POWER GENERATING AGENCY OR AUTHORITY, RECLAMATION DISTRICT WHICH GENERATES ELECTRICITY, OR ASSOCIATION THEREOF, LOCATED OR DOING BUSINESS WITHIN THE STATES OF MISSOURI, OKLAHOMA, TEXAS, ARKANSAS, LOUISIANA, OR KANSAS SHALL BE ELIGIBLE TO APPLY FOR MEMBERSHIP SUBJECT TO BOARD APPROVAL. ALL MEMBERS IN GOOD STANDING MAY VOTE. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body ANY MEMBER IN GOOD STANDING MAY VOTE TO ELECT BOARD POSITIONS AS THEY BECOME OPEN DURING THE ANNUAL MEETING. Form 990, Part VI, Line 11b Review of form 990 by governing body THE ORGANIZATION USES AN OUTSIDE ACCOUNTING FIRM TO PREPARE FORM 990. MANAGEMENT REVIEWS THE 990 AND PROVIDES IT TO THE BOARD AND THE EXECUTIVE COMMITTEE BEFORE FILING WITH THE IRS. Form 990, Part VI, Line 15a Process to establish compensation of top management official EACH YEAR THE EXECUTIVE COMMITTEE REVIEWS THE ACTIONS AND ACCOMPLISHMENTS OF THE EXECUTIVE DIRECTOR. THEY DETERMINE THE SALARY OF THE EXECUTIVE DIRECTOR BASED ON THIS EXTENSIVE REVIEW. THE BOARD APPROVES THE SALARY IN EXECUTIVE SESSION WHEN REVIEWING THE ANNUAL BUDGET. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE EXECUTIVE DIRECTOR REVIEWS THE DIRECTOR OF OPERATIONS' COMPENSATION ANNUALLY, WHICH IS DOCUMENTED IN PERSONNEL FILES. THE BOARD APPROVES SALARY INCREASES WHEN REVIEWING THE ANNUAL BUDGET. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part IX, Line 11g Other Fees MOA ENGINEERING CONSULTANT - Total Expense: 115740, Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ; Form 990, Part XII, Line 1 ACCOUNTING METHOD USED TO PREPARE THE FORM 990: THE RETURN HAS BEEN PREPARED USING A MODIFIED CASH BASIS OF ACCOUNTING. MODIFICATIONS TO THE CASH BASIS OF ACCOUNTING INCLUDE RECORDING PROPERTY AND EQUIPMENT AND RELATED PROVISIONS FOR DEPRECIATION, CERTIFICATES OF DEPOSIT AND INVESTMENTS AND RELATED UNREALIZED GAINS AND LOSSES ON MARKETABLE EQUITY SECURITIES, AND FUNDS HELD FOR OTHERS.