2025-11-14T19:18:45-06:00 2024-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-01-01 920007954 MATANUSKA ELECTRIC ASSOCIATION INC MATA 9077613231 163 E INDUSTRIAL WAY PALMER AK 99645 BILL KENDIG PRESIDENT 9077613231 2025-11-14 1 1 WENDY CAMPOS P00448102 5032421447 2025-11-14 2024 2025-03-06 01:10:19Z BILL KENDIG 163 E INDUSTRIAL WAY PALMER AK 99645 129292172 0 X WWW.MEA.COOP X 1941 AK ENERGY SALES TO 71,845 MEMBER CUSTOMERS. 7 7 0 18 0 0 0 0 165323927 128863837 318585 83852 485223 337059 166127735 129284748 25000 25000 10173570 5380781 1316586 0 0 0 0 154612579 123878967 166127735 129284748 0 0 648703351 663403201 451411897 460748725 197291454 202654476 TO PROVIDE SAFE RELIABLE ENERGY AT REASONABLE RATES WITH EXCEPTIONAL MEMBER SERVICE AND COMMITMENT TO THE COMMUNITY WE SERVE. 0 0 ENERGY SALES TO 71,845 MEMBER CUSTOMERS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 1 1 0 0 1 0 0 0 0 0 0 0 0 132229095 4146189 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MATTHEW J REISTERER 9077613231 163 E INDUSTRIAL WAY PALMER AK 99645 X X BILL KENDIG PRESIDENT 4.00 X X 0 0 0 MARK MASTELLER VICE PRESIDENT 5.00 X X 0 0 0 DAN TUCKER SECRETARY-TREASURER 4.00 X X 0 0 0 MARK HAMM DIRECTOR 5.00 X 0 0 0 ARTHUR KEYES DIRECTOR 3.00 X 0 0 0 ANASTASIA BURETTA DIRECTOR 3.00 X 0 0 0 MAXWELL SUMNER DIRECTOR 2.00 X 0 0 0 0 0 0 ENERGY SALES 221000 126000618 126000618 OTHER ELECTRIC REVENUE 221000 1427280 1427280 PATRONAGE ALLOCATIONS 221000 1010701 1010701 ALLOW/FUNDS USED CONST 221000 373211 373211 TRANSMISSION REVENUE 221000 52027 52027 128863837 83852 83852 3465 7424 -3959 -3959 -3959 POLE RENTAL 900099 341018 341018 341018 129284748 128863837 0 420911 25000 5380781 13531546 18754833 COST OF POWER & PROD. 57989652 DISTR. OPS. & MAINT. 15021697 ADMIN. & GENERAL EXP. 11754630 CONS. ACCTS & CUST SRVC 5524151 1302458 129284748 5368 5368 1812500 2092500 12794228 11908264 23201062 25003638 6618756 7469699 902588228 316860706 574303921 585727522 18266197 18889326 11701319 12306884 648703351 663403201 11486071 17036230 425991436 428253857 13934390 15458638 451411897 460748725 X 0 0 187117884 197273695 10173570 5380781 197291454 202654476 648703351 663403201 X 0 5363022 X X 0 0 0 12026856 12026856 117820771 24839946 92980825 726447754 292020760 434426994 46292847 46292847 585727522 CONSUMER DEPOSITS 3018013 OTHER CURRENT & ACCRUED LIABILITIES 6982898 DEFERRED CREDITS 3675529 MISC OP RESERVES/ACCUM OP PROVISIONS 1318139 OBLIGATIONS UNDER CAPITAL LEASES 464059 15458638 1 SCHOLARSHIPS 8 25000 PART I, LINE 2: SCHOLARSHIP RECIPIENTS ARE SELECTED BY THE SCHOLARSHIP COMMITTEE BASED ON ESTABLISHED CRITERIA AND SCORING GUIDELINES, AND FUNDS ARE DISBURSED DIRECTLY TO THE U.S BASED EDUCATIONAL INSTITUTION UPON VERIFICATION OF ENROLLMENT. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, THAT ELECTS THE BOARD OF DIRECTORS TO REPRESENT THEM. FORM 990, PART VI, SECTION A, LINE 7A THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, THAT ELECTS THE BOARD OF DIRECTORS TO REPRESENT THEM. FORM 990, PART VI, SECTION A, LINE 7B THE ASSOCIATION HAS ONE CLASS OF MEMBER-OWNERS, ENTITLED TO ONE VOTE EACH, WHOSE AUTHORIZATION IS REQUIRED FOR THE ASSOCIATION TO SELL, LEASE, OR OTHERWISE DISPOSE OF ALL OR A SUBSTANTIAL PORTION OF THE ASSOCIATION'S PROPERTY, OR AUTHORIZE THE MERGER OR CONSOLIDATION OF THE ASSOCIATION WITH ANOTHER COOPERATIVE OR ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 WAS REVIEWED BY THE ASSOCIATION'S TAX ADVISOR, AND THEN REVIEWED WITH THE BOARD FINANCE COMMITTEE AND PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCIATION BYLAWS AND MANAGEMENT POLICIES PROVIDE GUIDELINES FOR AVOIDING AND DISCLOSING POTENTIAL CONFLICTS OF INTEREST. THE AGENDA FOR EACH REGULAR MONTHLY MEETING OF THE BOARD OF DIRECTORS INCLUDES AN AGENDA ITEM FOR DIRECTOR DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER WAS BASED ON AN UPDATED EMPLOYMENT AGREEMENT AND COMPENSATION MARKET ANALYSIS. THIS PROCESS WAS LAST UNDERTAKEN BY THE BOARD OF DIRECTORS IN 2024. FORM 990, PART VI, SECTION B, LINE 15B: BOARD OFFICERS, LIKE OTHER BOARD MEMBERS, DO NOT RECEIVE A SALARY, BUT ARE PAID A FIXED FEE FOR EACH DAY OF ATTENDANCE AT A MEETING OF THE BOARD. THE FEE IS DETERMINED ANNUALLY BASED ON THE AVERAGE FIXED FEE PAID TO BOARD MEMBERS OF OTHER NON-PROFIT ELECTRIC COOPERATIVES IN ALASKA SERVING MORE THAN 20,000 MEMBERS. THE PROCESS FOR DETERMINING THE COMPENSATION FOR A KEY EMPLOYEE OTHER THAN THE CHIEF EXECUTIVE OFFICER IS BASED ON PERFORMANCE EVALUATIONS BY THE CHIEF EXECUTIVE OFFICER. ADJUSTMENTS ARE MADE IN ACCORDANCE WITH BOARD POLICIES 102-2, DELEGATION OF AUTHORITY BY THE BOARD OF DIRECTORS TO THE CHIEF EXECUTIVE OFFICER, AND 302-1, NONREPRESENTED COMPENSATION PLAN. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION BYLAWS PROVIDE FOR THE MEMBERS ABILITY TO EXAMINE AND MAKE COPIES OF THE BOOKS AND RECORDS OF THE ASSOCIATION AT A REASONABLE TIME AND FOR A PROPER PURPOSE IN ACCORDANCE WITH ALASKA STATUTES. FORM 990, PART VII, SECTION A, LINE 1A & PART V, LINES 1A AND 2A: THE ORGANIZATION HAS CHANGED THEIR ACCOUNTING PERIOD TO A 9/30/24 TAX YEAR END, AND SINCE THERE IS NO CALENDAR YEAR ENDING WITHIN THE SHORT PERIOD RETURN, THERE IS NO COMPENSATION REPORTED ON PART VII AND NO AMOUNTS TO REPORT FOR W-2 AND FORM 1099'S FOR CALENDAR YEAR 2024. FORM 990, PART XI, LINE 9: INCREASE IN MEMBERSHIPS -1,025. INCREASE IN OTHER MARGINS & EQUITIES 410,540. PATRONAGE CAPITAL RETIRED -427,274. PATRONAGE DIVIDENDS PAID (ASSIGNABLE TO MEMBERS) 5,380,781. FORM 990, PART XII, LINES 2B AND 2C: THE ORGANIZATION HAS CHANGED THEIR ACCOUNTING PERIOD TO A 9/30/24 TAX YEAR END HOWEVER AUDITED FINANCIAL STATEMENTS ARE PREPARED AND ISSUED BASED UPON A 12/31/24 YEAR END. ALASKA ELECTRIC GENERATION & TRANSMISSION INC - CLASS B 163 E INDUSTRIAL WAY PALMER AK 99645 920099222 G&T - COOPERATIVE AK N/A C 100 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0