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Organizations Golden Valley Electric Association Inc

Golden Valley Electric Association Inc

Fiscal year ending 2017. Filed on November 15, 2018.

PO Box 71249
Fairbanks, Alaska 99707

Golden Valley Electric Association Inc (EIN: 92-0014712) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2017 IRS Form 990 filing, Golden Valley Electric Association Inc, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 11 out of 292 total employees. Among the employees shown here, the average compensation is $281,397. The highest compensated employee at Golden Valley Electric Association Inc is Cory Borgeson with fiscal year 2017 compensation of $444,070.

Revenue, expenses, and employee compensation

Revenue

$247,518,970

Expenses

$243,516,991

Employee compensation

$33,414,463
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Cory Borgeson
President and Chief Executive Officer
$444,070
$397,940 No related comp$46,130
Brian Youngberg
Vice President, Member Services
$366,837
$211,868 No related comp$154,969
Lynn Thompson
Vice President Power Supply
$346,196
$240,308 No related comp$105,888
John Burns
Vice President and General Counsel
$310,792
$272,604 No related comp$38,188
Daniel Bishop
Mgr Engineering Services
$301,788
$187,130 No related comp$114,658
Ronald Woolf
Vice President and Chief Financial Officer
$287,378
$237,226 No related comp$50,152
Richard Piech
Operations Manager
$217,802
$181,872 No related comp$35,930
Paul Morgan
Gas Turbine Plant Manager
$213,353
$187,774 No related comp$25,579
Pete Sarauer
Power Systems Manager
$212,763
$181,568 No related comp$31,195
Gary Betsill
Vice President, Operations
$203,007
$190,894 No related comp$12,113
Sheila Swanguarin
Accounting Manager
$191,384
$157,970 No related comp$33,414

Benchmark Employee Compensation

Non-Employee Board Members

William Nordmark
Director
$27,470
$27,470 No related compNo other comp
Rick Schikora
Chair
$25,060
$25,060 No related compNo other comp
Tom Delong
Vice Chair
$23,354
$23,354 No related compNo other comp
John Sloan
Secretary
$20,700
$20,700 No related compNo other comp
Gary Newman
Director
$16,859
$16,859 No related compNo other comp
Chris Bunch
Director
$13,726
$13,726 No related compNo other comp
Aren Gunderson
Treasurer
$10,120
$10,120 No related compNo other comp
David Messier
Director
$5,187
$5,187 No related compNo other comp

Contractors

Millpro LLC
Technical Consulting
$5,331,969
Alyeska Pipeline Service Company
Meter Facility
$2,486,648
Jaffa Construction Inc.
Construction
$1,451,635
Fullford Electric Inc.
Construct Contract
$1,232,296

Mission Statement

SEE SCHEDULE O

Revisions to this organization profile

November 18, 2025:
2024 Golden Valley Electric Association Inc 990 filed
November 15, 2024:
2023 Golden Valley Electric Association Inc 990 filed
November 15, 2023:
2022 Golden Valley Electric Association Inc 990 filed

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