Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $70,372

• 2a · Program service revenue: MEMBERSHIP DUES

  total $2,246,132 · related or exempt $2,246,132

• 2b · Program service revenue: REGISTRATION FEES

  total $227,713 · related or exempt $227,713

• 2c · Program service revenue: ADMINISTRATIVE FEE

  total $200,000 · related or exempt $200,000

• 3 · Investment income

  total $2,039 · excluded $2,039

• 6a · Gross rents

  real property $10,436

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $10,436

• 6d · Net rental income or loss

  total $10,436 · excluded $10,436

• 11a · Other revenue: ADVERTISING

  total $135,060 · unrelated business $135,060

• 11e · Other revenue, total

  $135,060

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,000

• 4 · Benefits paid to or for members

  total $35,000

• 5 · Compensation of officers, directors and key employees

  total $261,359

• 7 · Other salaries and wages

  total $634,529

• 8 · Pension plan contributions

  total $179,282

• 9 · Other employee benefits

  total $164,606

• 10 · Payroll taxes

  total $59,921

• 11b · Fees: legal

  total $69,525

• 11c · Fees: accounting

  total $17,556

• 12 · Advertising and promotion

  total $28,980

• 13 · Office expenses

  total $120,066

• 16 · Occupancy

  total $152,540

• 17 · Travel

  total $57,745

• 19 · Conferences, conventions and meetings

  total $180,125

• 22 · Depreciation, depletion and amortization

  total $5,510

• 23 · Insurance

  total $35,472

• 24a · Other expenses: MAGAZINE PROD & POSTAGE

  total $790,899

• 24b · Other expenses: EDUCATION & TRAINING

  total $75,485

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $19,389

• 24d · Other expenses: LEGISLATIVE EXPENSES

  total $3,741

• 24e · All other expenses

  total $1,934

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $171,989 · end of year $312,086

• 2 · Savings and temporary cash investments

  beginning of year $71,791 · end of year $38,612

• 4 · Accounts receivable

  beginning of year $49,202 · end of year $32,900

• 10a · Land, buildings and equipment: cost or other basis

  $604,823

• 10b · Land, buildings and equipment: accumulated depreciation

  $340,819

• 10c · Land, buildings and equipment, net

  beginning of year $211,951 · end of year $264,004

• 13 · Investments: program-related

  beginning of year $31,555 · end of year $30,324

• 15 · Other assets

  beginning of year $36,399 · end of year $25,739

• 17 · Accounts payable and accrued expenses

  beginning of year $229,454 · end of year $118,804

• 19 · Deferred revenue

  end of year $260,000

• 23 · Secured mortgages and notes payable

  beginning of year $36,369 · end of year $25,709

• 27 · Net assets without donor restrictions

  beginning of year $307,064 · end of year $299,152

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BREAKDOWN OF DEFERRED COMPENSATION REPORTED ON PART II, COLUMN (C): CHARISE SWANSON: INCREASE IN DEFINED BENEFIT PLAN: $ 28,193 MATCHING CONTRIBUTION TO 401K 4,047 TOTAL REPORTED IN COLUMN C $ 32,240 LONNIE TUCKER: INCREASE IN DEFINED BENEFIT PLAN: $ 26,970 MATCHING CONTRIBUTION TO 401K 2,842 TOTAL REPORTED IN COLUMN C $ 29,812