Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
GOLDEN VALLEY ELECTRIC ASSOCIATION Inc
 
Employer identification number

92-0014712
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
 
b
Any related organization?
5b
 
 
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization?
6a
 
 
b
Any related organization?
6b
 
 
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
 
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
 
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2013
Page 2

Schedule J (Form 990) 2013
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits
(E) Total of columns
(B)(i)-(D)
(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1Cory R BorgesonPresident & CEO (i)
(ii)
293,714
 
 
 
17,445
 
75,918
 
3,140
 
390,217
 
0
 
2Thomas K HartnellVP Admin Services (i)
(ii)
190,527
2,000
 
 
 
 
112,283
 
24,328
 
327,138
2,000
7,170
 
3Ronald E WoolfController (i)
(ii)
144,800
 
 
 
 
 
91,072
 
33,333
 
269,205
 
0
 
4Lynn N ThompsonVP Power Supply (i)
(ii)
164,196
 
 
 
 
 
104,361
 
30,974
 
299,531
 
457
 
5Michael J WrightVP Transm & Distrib (i)
(ii)
192,912
 
 
 
 
 
149,451
 
21,909
 
364,272
 
1,224
 
6Searl L BurnettForeman Lineman (i)
(ii)
167,317
 
 
 
 
 
115,379
 
21,685
 
304,381
 
1,904
 
7David R HoffmanHealy Plant Manager (i)
(ii)
181,098
 
 
 
36,460
 
95,217
 
17,551
 
330,326
 
38,891
 
8Joshua R ParsonsJourneyman Lineman (i)
(ii)
154,890
 
 
 
 
 
39,414
 
20,577
 
214,881
 
0
 
9Phil C SchulzForeman Lineman (i)
(ii)
152,085
 
 
 
 
 
109,171
 
23,795
 
285,051
 
1,758
 
10Greg E WymanManager Construction Services (i)
(ii)
155,828
 
 
 
 
 
91,590
 
27,175
 
274,593
 
0
 
11David W GardnerVP Mbr Srvs - Former Key EE (i)
(ii)
85,628
 
 
 
49,707
 
197,808
 
4,944
 
338,087
 
48,334
 
12Jeffrey P YauneyVP CNS - Former Key Employee (i)
(ii)
 
307,219
 
 
 
 
 
99,857
 
29,359
 
436,435
 
 
Schedule J (Form 990) 2013
Page 3

Schedule J (Form 990) 2013
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Return Reference Explanation
PART I, LINE 1B FIRST CLASS TRAVEL TO THE EAST COAST OF THE UNITED STATES IS ALLOWED IF APPROVED BY THE CEO. CHARTER HELICOPTERS ARE USED FOR REMOTE TRANSMISSION LINE WORK.
PART I, LINE 4B PER A 2009 CONTRACT, MR. YAUNEY RECEIVED COMPENSATION FROM ALASCONNECT BASED ON PRIOR YEARS' REVENUES. IN THE SAME CONTRACT, ALASCONNECT ALSO DEFERRED ON HIS BEHALF AN AMOUNT CALCULATED ON PRIOR YEARS' REVENUES. THE DEFERRAL IS AVAILABLE FOR DISBURSEMENT WHEN VESTED.
Schedule J (Form 990) 2013

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