Form 990 for tax year 2024
Filed by ALABAMA RURAL ELECTRIC ASSOCIATION OF COOPERATIVES.
Totals
- Total revenue
- $8,464,682
- Total expenses
- $7,832,119
- Contributions and grants received
- $3,925,263
- Grants paid
- $0
- Program service revenue
- $4,185,651
- Investment income
- $127,750
- Other revenue
- $226,018
- Total assets, end of year
- $7,437,618
- Total liabilities, end of year
- $1,158,788
- Net assets or fund balances, end of year
- $6,278,830
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$3,925,263
-
2a · Program service revenue: Conferences/Meetings
total $2,493,064 · related or exempt $2,493,064
-
2b · Program service revenue: Advertising
total $943,004 · unrelated business $943,004
-
2c · Program service revenue: Management Fees
total $423,648 · unrelated business $423,648
-
2d · Program service revenue: Printing
total $239,535 · unrelated business $239,535
-
2e · Program service revenue: Broadband Program
total $86,400 · related or exempt $86,400
-
3 · Investment income
total $127,750 · excluded $127,750
-
5 · Royalties
total $40,908 · unrelated business $40,908
-
11a · Other revenue: Miscellaneous Revenue
total $185,110 · related or exempt $185,110
-
11e · Other revenue, total
$185,110
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,614,448
-
7 · Other salaries and wages
total $554,139
-
8 · Pension plan contributions
total $609,095
-
9 · Other employee benefits
total $477,819
-
10 · Payroll taxes
total $177,303
-
11b · Fees: legal
total $9,128
-
11c · Fees: accounting
total $36,665
-
11f · Fees: investment management
total $2,771
-
11g · Fees: other
total $39,776
-
13 · Office expenses
total $217,936
-
16 · Occupancy
total $106,518
-
17 · Travel
total $228,164
-
19 · Conferences, conventions and meetings
total $1,303,081
-
22 · Depreciation, depletion and amortization
total $179,112
-
23 · Insurance
total $31,415
-
24a · Other expenses: Printing and Publicatio
total $1,999,800
-
24b · Other expenses: Public Relations
total $212,930
-
24c · Other expenses: Taxes
total $23,589
-
24d · Other expenses: Training and Developmen
total $8,430
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,757,077 · end of year $3,950,516
-
4 · Accounts receivable
beginning of year $1,393,924 · end of year $600,452
-
8 · Inventories for sale or use
beginning of year $9,938 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $229,159 · end of year $300,137
-
10a · Land, buildings and equipment: cost or other basis
$3,555,391
-
10b · Land, buildings and equipment: accumulated depreciation
$2,425,900
-
10c · Land, buildings and equipment, net
beginning of year $1,071,112 · end of year $1,129,491
-
12 · Investments: other securities
beginning of year $1,337,453 · end of year $1,414,915
-
15 · Other assets
beginning of year $91,699 · end of year $42,107
-
17 · Accounts payable and accrued expenses
beginning of year $603,758 · end of year $531,442
-
19 · Deferred revenue
beginning of year $273,244 · end of year $310,718
-
25 · Other liabilities
beginning of year $367,093 · end of year $316,628
-
27 · Net assets without donor restrictions
beginning of year $5,646,267 · end of year $6,278,830
Mission and programs · 2024
Mission
A statewide trade association which serves as a resource through which its electric cooperative members are provided services for the continuation and advancement of the rural electrification program in Alabama.
-
Communications - The Association published "Alabama Living," a monthly magazine, which provided the cooperatives an avenue to communicate with their membership.
-
Training and Development - The Association provided training for employees and directors of the rural electric cooperatives. Training areas included utility line work, utility construction, safety, management skills, accounting skills, HR skills, customer service, leadership skills, director responsibilities, and roles.
-
Safety, Loss Control, and Regulatory Compliance - The Association provided resources and services to educate and train cooperative employees and management of safety and regulatory issues to make a safer working environment in a dangerous industry.
As filed on the 2024 return.
Listed in Part VII
-
Andrew Callaway
Director
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.92
-
Edward Miller
Director
- Total calculated
- $4,000
- From this org
- $4,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.23
-
Allen Lang
Director
- Total calculated
- $3,500
- From this org
- $3,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.08
-
Charles Byrd
Director
- Total calculated
- $4,500
- From this org
- $4,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.38
-
Charles W Whisenant
Director
- Total calculated
- $1,000
- From this org
- $1,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.31
-
DR Stallworth Jr
Director
- Total calculated
- $7,500
- From this org
- $7,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.31
-
Daryl Jones
Director
- Total calculated
- $0
- Hours/week
- 2.15
-
David Bailey
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
David Hembree
Director
- Total calculated
- $7,000
- From this org
- $7,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.15
-
James May
Director
- Total calculated
- $3,500
- From this org
- $3,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.08
-
Mark Parker
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Gary Harrison
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Gary Smith
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Gene Kanikovsky
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Gena Hall
Director
- Total calculated
- $0
- Hours/week
- 0.31
-
Irvin Eatman
Director
- Total calculated
- $2,000
- From this org
- $2,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.62
-
Jeff Hodges
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Curt Morris
Director
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.92
-
John Cullimore
Director
- Total calculated
- $0
- Hours/week
- 0.62
-
John Henry
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.77
-
John Shewbart
Director
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.92
-
Karen Moore
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Kevin Chandler
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Debra Eubanks Baxley
Director
- Total calculated
- $4,000
- From this org
- $4,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.15
-
Brad Kimbro
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Louie Ward
Director
- Total calculated
- $0
- Hours/week
- 2.15
-
Mark Malone
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Mark Stockton
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Mike Hubbard
Director
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.92
-
Patricia Janasky
Director
- Total calculated
- $3,500
- From this org
- $3,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.08
-
Randall Wilkie
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Ricky Knouff
Director
- Total calculated
- $3,500
- From this org
- $3,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.08
-
Roland Hendon
Director/Vice-Chairman
- Total calculated
- $8,000
- From this org
- $8,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.46
-
Ronnie Gaylor
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.77
-
S Parks Tubbs
Director
- Total calculated
- $8,000
- From this org
- $8,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.46
-
Scott Bobo
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Stacey White
Director/Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1.23
-
Britton Lightsey
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Steve Sheffield
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Terry Moseley
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Terry Edmondson
Director
- Total calculated
- $2,500
- From this org
- $2,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.38
-
Tim Culpepper
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Thomas Duncan
Director
- Total calculated
- $4,000
- From this org
- $4,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.38
-
Tom Stackhouse
Director
- Total calculated
- $0
- Hours/week
- 1.23
-
Tommie Werneth
Director
- Total calculated
- $6,000
- From this org
- $6,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.85
-
Robby Jones
Director
- Total calculated
- $0
- Hours/week
- 0.62
-
Vince Johnson
Director/Chairman
- Total calculated
- $0
- Hours/week
- 2.15
-
Bruce Boswell
Director
- Total calculated
- $4,000
- From this org
- $4,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.23
-
Karl Rayborn
President - CEO
- Total calculated
- $643,274
- From this org
- $346,102
- From related orgs
- $0
- Other
- $297,172
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $322,482
- Bonus
- $0
- Other
- $23,620
- Deferred
- $270,979
- Nontaxable benefits
- $26,193
- Filer's total
- $643,274
-
Lenore Vickrey
VP - Communications
- Total calculated
- $179,085
- From this org
- $129,631
- From related orgs
- $0
- Other
- $49,454
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $121,562
- Bonus
- $2,500
- Other
- $5,569
- Deferred
- $49,219
- Nontaxable benefits
- $235
- Filer's total
- $179,085
-
Sean Strickler
VP - Public Affairs
- Total calculated
- $278,563
- From this org
- $189,696
- From related orgs
- $0
- Other
- $88,867
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,119
- Bonus
- $7,500
- Other
- $15,077
- Deferred
- $80,241
- Nontaxable benefits
- $8,626
- Filer's total
- $278,563
-
Matty Garr
VP - Statewide Services
- Total calculated
- $216,478
- From this org
- $177,711
- From related orgs
- $0
- Other
- $38,767
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,418
- Bonus
- $5,000
- Other
- $3,293
- Deferred
- $38,097
- Nontaxable benefits
- $670
- Filer's total
- $216,478
-
Brian Matney
VP - CFO
- Total calculated
- $203,548
- From this org
- $183,941
- From related orgs
- $0
- Other
- $19,607
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,438
- Bonus
- $15,000
- Other
- $503
- Deferred
- $16,046
- Nontaxable benefits
- $3,561
- Filer's total
- $203,548
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Part I, Line 1a
- A corporate membership to a local country club is in the name of the President & CEO. Membership dues to a local country club are paid for the VP - Public Affairs.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Electric Cooperative Health Benefit Plan
501(c)(9) · Health Benefits · AL · controlled entity
-
Electric Cooperative Foundation Inc
501(c)(3) · Charitable Foundation · AL · controlled entity
-
Alabama Action Committee For Rural Electrification
527 · Political Action Committee · AL · controlled entity
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Alabama Rural Electric Cooperatives Self Insured Pool
C · Workers Compensation · AL
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 2 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202502769349301400
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