Form 990 for tax year 2023
Filed by VIRGINIA MARYLAND DELAWARE ASSOCIATION OF ELECTRIC COOPERATIV.
Totals
- Total revenue
- $9,136,331
- Total expenses
- $9,019,867
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $9,108,017
- Investment income
- $14,511
- Other revenue
- $13,803
- Total assets, end of year
- $4,680,572
- Total liabilities, end of year
- $974,386
- Net assets or fund balances, end of year
- $3,706,186
- 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.
-
2a · Program service revenue: MAGAZINE
total $3,814,359 · related or exempt $3,664,580 · unrelated business $149,779
-
2b · Program service revenue: SAFETY & TRAINING
total $1,997,099 · related or exempt $1,831,136 · unrelated business $165,963
-
2c · Program service revenue: MEMBERSHIP DUES
total $1,953,452 · related or exempt $1,953,452
-
2d · Program service revenue: ADVERTISING
total $552,119 · unrelated business $552,119
-
2e · Program service revenue: EDUCATIONAL SERVICES
total $460,998 · related or exempt $460,998
-
2f · All other program service revenue
total $329,990 · related or exempt $116,837 · unrelated business $213,153
-
3 · Investment income
total $14,511 · related or exempt $14,511
-
11a · Other revenue: CREATIVE SERVICES
total $12,648 · related or exempt $12,648
-
11b · Other revenue: SUBSCRIPTIONS
total $1,155 · related or exempt $1,155
-
11e · Other revenue, total
$13,803
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $604,373
-
7 · Other salaries and wages
total $2,657,770
-
8 · Pension plan contributions
total $386,409
-
9 · Other employee benefits
total $418,523
-
10 · Payroll taxes
total $210,691
-
11b · Fees: legal
total $12,206
-
11c · Fees: accounting
total $204,344
-
11d · Fees: lobbying
total $30,615
-
11g · Fees: other
total $774
-
13 · Office expenses
total $124,070
-
14 · Information technology
total $41,479
-
16 · Occupancy
total $109,919
-
17 · Travel
total $335,380
-
19 · Conferences, conventions and meetings
total $68,114
-
20 · Interest
total $18,962
-
22 · Depreciation, depletion and amortization
total $142,000
-
24a · Other expenses: YOUTH PROJECTS/OTHER LE
total $1,609,650
-
24b · Other expenses: POSTAGE AND SHIPPING
total $1,022,915
-
24c · Other expenses: SPEAKERS/GROUP FUNCTION
total $413,726
-
24d · Other expenses: DUES/SUBSCRIPTIONS,CONT
total $202,213
-
24e · All other expenses
total $405,734
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $530,889 · end of year $767,897
-
2 · Savings and temporary cash investments
beginning of year $462,610 · end of year $277,422
-
4 · Accounts receivable
beginning of year $306,252 · end of year $791,495
-
9 · Prepaid expenses and deferred charges
beginning of year $168,013 · end of year $161,090
-
10a · Land, buildings and equipment: cost or other basis
$2,746,326
-
10b · Land, buildings and equipment: accumulated depreciation
$909,091
-
10c · Land, buildings and equipment, net
beginning of year $1,717,714 · end of year $1,837,235
-
12 · Investments: other securities
beginning of year $642,958 · end of year $642,958
-
15 · Other assets
beginning of year $404,133 · end of year $202,475
-
17 · Accounts payable and accrued expenses
beginning of year $388,242 · end of year $375,649
-
23 · Secured mortgages and notes payable
beginning of year $225,676 · end of year $583,251
-
25 · Other liabilities
beginning of year $28,929 · end of year $15,486
-
27 · Net assets without donor restrictions
beginning of year $3,589,722 · end of year $3,706,186
Mission and programs · 2023
Mission
TRADE ASSOCIATION FOR ELECTRIC COOPERATIVES
-
PUBLICATION AND DISTRIBUTION OF TRADE ASSOCIATION MAGAZINE, MEMBERSHIP DIRECTORY AND OTHER PUBLICATIONS, COMMUNICATIONS AND PUBLIC RELATIONS EFFORTS FOR MEMBERS.
-
DEVELOP AND PROVIDE EDUCATIONAL WORKSHOPS, RISK MANAGEMENT, REGULATORY AND COMPLIANCE PROGRAMS AND SERVICES FOR MEMBERS.
As filed on the 2023 return.
Listed in Part VII
-
Jeff AhearnJEFF AHEARN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robert E ArnoldROBERT E ARNOLD
BOARD MEMBER
- Total calculated
- $800
- From this org
- $800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Frank BaconFRANK BACON
SECRETARY-TREASURER
- Total calculated
- $2,000
- From this org
- $2,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Rob BookROB BOOK
BOARD MEMBER-STARTED 1/23
- Total calculated
- $0
- Hours/week
- 2
-
Chris BottCHRIS BOTT
BOARD MEMBER
- Total calculated
- $1,600
- From this org
- $1,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Russell G BrownRUSSELL G BROWN
BOARD MEMBER
- Total calculated
- $2,800
- From this org
- $2,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Bill BuchananBILL BUCHANAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Brad CoppockBRAD COPPOCK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sonja CoxSONJA COX
BOARD MEMBER-STARTED 10/23
- Total calculated
- $0
- Hours/week
- 2
-
Patricia DoreyPATRICIA DOREY
BOARD MEMBER
- Total calculated
- $2,800
- From this org
- $2,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Jeannette EverettJEANNETTE EVERETT
BOARD MEMBER
- Total calculated
- $3,000
- From this org
- $3,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
George GoinGEORGE GOIN
VICE CHAIR
- Total calculated
- $2,800
- From this org
- $2,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Steve HarmonSTEVE HARMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John HewaJOHN HEWA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Brad HicksBRAD HICKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Wade HouseWADE HOUSE
BOARD MEMBER
- Total calculated
- $4,000
- From this org
- $4,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
James HuffmanJAMES HUFFMAN
BOARD MEMBER
- Total calculated
- $2,800
- From this org
- $2,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Fletcher JonesFLETCHER JONES
BOARD MEMBER
- Total calculated
- $2,000
- From this org
- $2,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
David KindleDAVID KINDLE
BOARD MEMBER-ENDED 11/23
- Total calculated
- $600
- From this org
- $600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
John C Lee JrJOHN C LEE JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 3.5
-
Jason LoehrJASON LOEHR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Casey LoganCASEY LOGAN
BOARD MEMBER-ENDED 7/23
- Total calculated
- $0
- Hours/week
- 2
-
Mike MalandroMIKE MALANDRO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Herbert PatrickHERBERT PATRICK
BOARD MEMBER
- Total calculated
- $2,000
- From this org
- $2,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Sanford ReavesSANFORD REAVES
BOARD MEMBER
- Total calculated
- $2,200
- From this org
- $2,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Greg RogersGREG ROGERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
C Michael SandridgeC MICHAEL SANDRIDGE
CHAIR
- Total calculated
- $4,800
- From this org
- $4,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Dave SchleicherDAVE SCHLEICHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lena ShortLENA SHORT
BOARD MEMBER-STARTED 1/24
- Total calculated
- $0
- Hours/week
- 2
-
Greg StarheimGREG STARHEIM
BOARD MEMBER-ENDED 12/22
- Total calculated
- $0
- Hours/week
- 2
-
Todd Van HornTODD VAN HORN
BOARD MEMBER
- Total calculated
- $1,600
- From this org
- $1,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Scott WhiteSCOTT WHITE
BOARD MEMBER-STARTED 10/23
- Total calculated
- $0
- Hours/week
- 2
-
Butch WilliamsonBUTCH WILLIAMSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Gary WoodGARY WOOD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Sarat YellepeddiSARAT YELLEPEDDI
BOARD MEMBER=STARTED 7/23
- Total calculated
- $0
- Hours/week
- 2
-
Brian MosierBRIAN MOSIER
PRESIDENT & CEO
- Total calculated
- $568,574
- From this org
- $306,518
- From related orgs
- $0
- Other
- $262,056
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $303,525
- Bonus
- $0
- Other
- $2,993
- Deferred
- $230,185
- Nontaxable benefits
- $31,871
- Filer's total
- $568,574
-
Samuel BrumbergSAMUEL BRUMBERG
VP & GENERAL COUNSEL
- Total calculated
- $276,270
- From this org
- $174,202
- From related orgs
- $0
- Other
- $102,068
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,000
- Bonus
- $4,666
- Other
- $1,536
- Deferred
- $71,368
- Nontaxable benefits
- $30,700
- Filer's total
- $276,270
-
Andrew VehornANDREW VEHORN
VP GOVERNMENTAL AFFAIRS
- Total calculated
- $297,597
- From this org
- $191,457
- From related orgs
- $0
- Other
- $106,140
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $184,941
- Bonus
- $5,038
- Other
- $1,478
- Deferred
- $74,269
- Nontaxable benefits
- $31,871
- Filer's total
- $297,597
-
Alan W ScruggsALAN W SCRUGGS
VP SAFETY & TRAINING SE
- Total calculated
- $249,614
- From this org
- $161,655
- From related orgs
- $0
- Other
- $87,959
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,989
- Bonus
- $2,406
- Other
- $2,260
- Deferred
- $68,896
- Nontaxable benefits
- $19,063
- Filer's total
- $249,614
-
James Jarvis IIIJAMES JARVIS III
MANAGER OF SAFETY SERVICES
- Total calculated
- $206,398
- From this org
- $113,593
- From related orgs
- $0
- Other
- $92,805
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $110,393
- Bonus
- $1,782
- Other
- $1,418
- Deferred
- $61,909
- Nontaxable benefits
- $30,896
- Filer's total
- $206,398
-
Daren ButcherDAREN BUTCHER
MANAGER OF SAFETY TRAINING
- Total calculated
- $207,980
- From this org
- $118,320
- From related orgs
- $0
- Other
- $89,660
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $116,406
- Bonus
- $0
- Other
- $1,914
- Deferred
- $77,771
- Nontaxable benefits
- $11,889
- Filer's total
- $207,980
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
- 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
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442919349301619
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