2023-10-24T05:26:17-05:00 2022-12-31 FORVIS LLP 205 W MAPLE STE 200 ENID OK 737014026 990 2022-01-01 730999766 Southwestern Power Resources Association Inc % NICKI FULLER SOUT 9186227800 15 West 6th St Ste 1310 Tulsa OK 74119 NICKI FULLER EXECUTIVE DIRECTOR 9186227800 2023-11-15 true NICKI FULLER XXX-XX-XXXX JEANETTE VERRELLI P00742631 5802373300 2023-11-15 2 2022 2023-04-26 12:10:37Z NICKI FULLER 15 WEST 6TH ST STE 1310 TULSA OK 74119 633880 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 13 13 2 13 0 0 0 0 622764 623965 12611 9915 0 0 635375 633880 0 0 0 0 387022 403210 0 0 0 252764 337721 639786 740931 -4411 -107051 162770018 159254833 162133180 158771243 636838 483590 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. 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 5 0 true 2 true false false false false true true false false false X 13 13 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 Nicki Fuller Executive Director 60.0 0.0 X 210743 0 79035 Alice Wiltse Director of Operations 40.0 0.0 X 62558 0 26632 Kenneth Stinson Director 0.5 0.0 X 0 0 0 Bruce Mintz Director 0.5 0.0 X 0 0 0 Andrew Lachowsky Executive Member 0.5 0.0 X 0 0 0 Brian Ackerman Vice President 0.5 0.0 X X 0 0 0 Raymond Eaton Director 0.5 0.0 X 0 0 0 Darrell Calhoun Director 0.5 0.0 X 0 0 0 Doug Colvin Secretary/Treasurer 1.0 0.0 X X 0 0 0 Jake Rice President 0.5 0.0 X X 0 0 0 David Naylor Director 0.5 0.0 X 0 0 0 Mark Barbee Executive Member 1.0 0.0 X 0 0 0 Leslie Falks Director 0.5 0.0 X 0 0 0 Ryan Tutor Director 0.5 0.0 X 0 0 0 Jeff Little DIRECTOR 0.5 0.0 X 0 0 0 273301 0 105667 1 false true false 0 0 MEMBERSHIP DUES & ASSESSMENTS 221000 619865 619865 ANNUAL MEETINGS 221000 4100 4100 623965 9254 9254 0 0 0 0 0 661 661 661 661 0 0 0 0 0 0 0 0 0 0 633880 623965 9915 X 0 0 0 0 378968 0 0 3070 3984 17188 0 17000 24614 0 0 0 134698 1042 12487 3342 0 31920 48913 0 49816 0 0 155 9057 EDUCATION 797 DUES 3880 740931 0 0 0 122835 6024 513848 477566 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20409 20409 155 0 0 0 0 0 0 0 0 0 162133180 158771243 162770018 159254833 0 0 0 0 0 0 0 0 162133180 158771243 0 0 0 0 0 0 0 0 162133180 158771243 X 636838 483590 0 0 636838 483590 162770018 159254833 -107051 -46197 X X true X true X true false true false false false true X 6311 6311 14098 14098 FUNDS HELD IN TRUST FOR OTHERS 158771243 158771243 587683 -46197 -46197 633880 633880 740931 740931 740931 SCHEDULE D, PART IV, LINE 2A ESCROW AND CUSTODIAL ARRANGEMENTS: 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. 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. incurred. X false false false Nicki Fuller Executive Director 210743 0 0 0 0 0 49065 0 29970 0 289778 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 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, SECTION A, LINE 7A POWER TO ELECT: ANY MEMBER IN GOOD STANDING MAY VOTE TO ELECT BOARD POSITIONS AS THEY BECOME OPEN DURING THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS: 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, SECTION B, LINE 15A COMPENSATION REVIEW PROCESS: 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, SECTION B, LINE 15B REVIEW PROCESS for Other officer/key employee compensation: 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, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS: GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. 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 SECURITITES, AND FUNDS HELD FOR OTHERS. FORM 990 PART IX LINE 11G DESCRIPTION:MOA ENGINEERING CONSULTANT TOTAL FEES:134698