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← ALABAMA RURAL ELECTRIC ASSOCIATION OF COOPERATIVES

Form 990 for tax year 2023

Filed by ALABAMA RURAL ELECTRIC ASSOCIATION OF COOPERATIVES.

Totals

Total revenue
$8,357,129
Total expenses
$8,113,011
Contributions and grants received
$3,939,269
Grants paid
$0
Program service revenue
$4,200,030
Investment income
$107,830
Other revenue
$110,000
Total assets, end of year
$6,890,362
Total liabilities, end of year
$1,244,095
Net assets or fund balances, end of year
$5,646,267
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

    $3,939,269

  • 2a · Program service revenue: Conferences/Meetings

    total $2,420,774 · related or exempt $2,420,774

  • 2b · Program service revenue: Advertising

    total $1,070,025 · unrelated business $1,070,025

  • 2c · Program service revenue: Management Fees

    total $388,170 · unrelated business $388,170

  • 2d · Program service revenue: Printing

    total $237,541 · unrelated business $237,541

  • 2e · Program service revenue: Broadband Program

    total $83,520 · related or exempt $83,520

  • 3 · Investment income

    total $107,830 · excluded $107,830

  • 5 · Royalties

    total $35,930 · unrelated business $35,930

  • 11a · Other revenue: Miscellaneous Revenue

    total $74,070 · related or exempt $74,070

  • 11e · Other revenue, total

    $74,070

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,487,864

  • 7 · Other salaries and wages

    total $569,903

  • 8 · Pension plan contributions

    total $549,821

  • 9 · Other employee benefits

    total $469,339

  • 10 · Payroll taxes

    total $170,413

  • 11b · Fees: legal

    total $30,193

  • 11c · Fees: accounting

    total $27,875

  • 11d · Fees: lobbying

    total $100,000

  • 11f · Fees: investment management

    total $2,210

  • 11g · Fees: other

    total $81,528

  • 13 · Office expenses

    total $228,752

  • 16 · Occupancy

    total $98,066

  • 17 · Travel

    total $203,577

  • 19 · Conferences, conventions and meetings

    total $1,429,891

  • 22 · Depreciation, depletion and amortization

    total $146,932

  • 23 · Insurance

    total $30,837

  • 24a · Other expenses: Printing and Publicatio

    total $2,261,444

  • 24b · Other expenses: Public Relations

    total $143,787

  • 24c · Other expenses: Miscellaneous

    total $43,195

  • 24d · Other expenses: Training and Developmen

    total $22,588

  • 24e · All other expenses

    total $14,796

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,287,743 · end of year $2,757,077

  • 4 · Accounts receivable

    beginning of year $813,849 · end of year $1,393,924

  • 8 · Inventories for sale or use

    beginning of year $8,066 · end of year $9,938

  • 9 · Prepaid expenses and deferred charges

    beginning of year $272,956 · end of year $229,159

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

    $3,435,365

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

    $2,364,253

  • 10c · Land, buildings and equipment, net

    beginning of year $1,083,127 · end of year $1,071,112

  • 12 · Investments: other securities

    beginning of year $1,255,524 · end of year $1,337,453

  • 15 · Other assets

    beginning of year $103,359 · end of year $91,699

  • 17 · Accounts payable and accrued expenses

    beginning of year $629,511 · end of year $603,758

  • 19 · Deferred revenue

    beginning of year $458,566 · end of year $273,244

  • 25 · Other liabilities

    beginning of year $334,398 · end of year $367,093

  • 27 · Net assets without donor restrictions

    beginning of year $5,402,149 · end of year $5,646,267

Mission and programs · 2023

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 2023 return.

Listed in Part VII

  • Kevin Chandler

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Steve Foshee

    Director

    Total calculated
    $0
    Hours/week
    0.31

  • Scott Bobo

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Gary Harrison

    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

  • Roland Hendon

    Director/Vice-Chairman

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.31

  • Lavaughn Holcomb

    Director/ Secretary/Treasu

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.77

  • Vince Johnson

    Director/Vice-Chairman

    Total calculated
    $0
    Hours/week
    2.15

  • Daryl Jones

    Director

    Total calculated
    $0
    Hours/week
    2.15

  • Delaney Kervin

    Director

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.77

  • George Kitchens

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Jim McRae

    Director

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.62

  • Karen Moore

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Les Moreland

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Terry Moseley

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Gary Smith

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Tom Stackhouse

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Louie Ward

    Director

    Total calculated
    $0
    Hours/week
    2.15

  • Tommie Werneth

    Director

    Total calculated
    $7,000
    From this org
    $7,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.15

  • Randal Wilkie

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Andrew Callaway

    Director

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.23

  • DR Stallworth

    Director

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.85

  • John Henry

    Director

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.23

  • Steve Sheffield

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Tim Culpepper

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Charles W Whisenant

    Director

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.62

  • Chase Riddle

    Director

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.92

  • Irvin Eatman

    Director

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.08

  • Mark Stockton

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Ricky Knouff

    Director

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.38

  • Ronnie Gaylor

    Director

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.77

  • Stacey White

    Director/ Secretary/Treasu

    Total calculated
    $0
    Hours/week
    1.23

  • Ed Short

    Director

    Total calculated
    $0
    Hours/week
    0.15

  • Mark Malone

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • David Bailey

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Bill Danzey

    Director

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.62

  • Bobby Ballard

    Director

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.77

  • Charles Byrd

    Director

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.23

  • Jeff Hodges

    Director

    Total calculated
    $0
    Hours/week
    1.23

  • Kip Justice

    Director

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.08

  • Phillip Bryant

    Director

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.23

  • S Parks Tubbs

    Director

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.54

  • Gena Hall

    Director

    Total calculated
    $0
    Hours/week
    0.31

  • John Cullimore

    Director

    Total calculated
    $0
    Hours/week
    0.62

  • John Shewbart

    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
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.23

  • Robby Jones

    Director

    Total calculated
    $0
    Hours/week
    0.62

  • Edward Miller

    Director

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.31

  • James May

    Director

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.77

  • Mark Parker

    Director

    Total calculated
    $0
    Hours/week
    1.08

  • Debra Eubanks Baxley

    Director

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.15

  • Mike Hubbard

    Director

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.38

  • Britton Lightsey

    Director

    Total calculated
    $0
    Hours/week
    0.92

  • Terry Edmondson

    Director

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.38

  • Thomas Duncan

    Director

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.38

  • Karl G Rayborn

    President - CEO

    Total calculated
    $577,328
    From this org
    $330,714
    From related orgs
    $0
    Other
    $246,614
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $303,616
    Bonus
    $0
    Other
    $27,098
    Deferred
    $222,283
    Nontaxable benefits
    $24,331
    Filer's total
    $577,328

  • Sean Strickler

    VP - Public Affairs

    Total calculated
    $256,081
    From this org
    $181,307
    From related orgs
    $0
    Other
    $74,774
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,051
    Bonus
    $7,000
    Other
    $15,256
    Deferred
    $66,715
    Nontaxable benefits
    $8,059
    Filer's total
    $256,081

  • Lenore Vickrey

    VP - Communications

    Total calculated
    $155,085
    From this org
    $122,830
    From related orgs
    $0
    Other
    $32,255
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,740
    Bonus
    $1,000
    Other
    $6,090
    Deferred
    $32,020
    Nontaxable benefits
    $235
    Filer's total
    $155,085

  • Matty Garr

    VP - Statewide Services

    Total calculated
    $208,959
    From this org
    $175,184
    From related orgs
    $0
    Other
    $33,775
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,721
    Bonus
    $6,500
    Other
    $6,963
    Deferred
    $33,132
    Nontaxable benefits
    $643
    Filer's total
    $208,959

  • Brian Matney

    VP - CFO

    Total calculated
    $193,913
    From this org
    $174,076
    From related orgs
    $0
    Other
    $19,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,625
    Bonus
    $15,000
    Other
    $451
    Deferred
    $15,762
    Nontaxable benefits
    $4,075
    Filer's total
    $193,913

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.

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
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202422979349301802

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