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Nonprofiteer
← BENTON RURAL ELECTRIC ASSOCIATION

Form 990 for tax year 2025

Filed by BENTON RURAL ELECTRIC ASSOCIATION.

Totals

Total revenue
$50,255,713
Total expenses
$50,255,713
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$49,689,503
Investment income
$296,198
Other revenue
$270,012
Total assets, end of year
$138,655,481
Total liabilities, end of year
$46,097,613
Net assets or fund balances, end of year
$92,557,868
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: Sale of Electricity

    total $49,360,382 · related or exempt $49,360,382 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Pole Rental

    total $329,121 · related or exempt $0 · unrelated business $0 · excluded $329,121

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $171,919 · related or exempt $0 · unrelated business $0 · excluded $171,919

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $124,279

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $124,279

  • 7d · Net gain or loss

    total $124,279 · related or exempt $124,279 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Internet Service Provider

    total $270,012 · related or exempt $0 · unrelated business $270,012 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $270,012

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 4 · Benefits paid to or for members

    total $308,779

  • 5 · Compensation of officers, directors and key employees

    total $1,414,696

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $9,693,797

  • 8 · Pension plan contributions

    total $1,153,828

  • 9 · Other employee benefits

    total $1,626,799

  • 10 · Payroll taxes

    total $870,606

  • 20 · Interest

    total $593,245

  • 22 · Depreciation, depletion and amortization

    total $3,576,241

  • 24a · Other expenses: Purchased Power

    total $26,530,773

  • 24b · Other expenses: Operations/Maintenance

    total $7,472,121

  • 24c · Other expenses: Administrative & Customer Accounts

    total $9,283,871

  • 24d · Other expenses: Payroll Expenses included in line 5-10

    total -$14,759,726

  • 24e · All other expenses

    total $2,490,683

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,733,250 · end of year $2,522,431

  • 2 · Savings and temporary cash investments

    beginning of year $1,450,000 · end of year $1,280,000

  • 4 · Accounts receivable

    beginning of year $4,565,613 · end of year $4,504,462

  • 8 · Inventories for sale or use

    beginning of year $4,429,450 · end of year $8,596,375

  • 9 · Prepaid expenses and deferred charges

    beginning of year $330,373 · end of year $113,897

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

    $174,196,974

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

    $54,717,687

  • 10c · Land, buildings and equipment, net

    beginning of year $97,375,256 · end of year $119,479,287

  • 13 · Investments: program-related

    beginning of year $2,287,228 · end of year $2,159,029

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,443,880 · end of year $9,610,693

  • 23 · Secured mortgages and notes payable

    beginning of year $6,131,105 · end of year $30,788,492

  • 25 · Other liabilities

    beginning of year $7,071,375 · end of year $5,698,428

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $5,112,169 · end of year $5,219,644

  • 31 · Retained earnings, endowment or other funds

    beginning of year $87,412,641 · end of year $87,338,224

Mission and programs · 2025

Mission

Provide safe and reliable electricity at the lowest possible cost to the cooperative membership.

Activities or mission (Part I)

Distribution of Electricity to Rural Cooperative members.

  • The Benton Rural Electric Association (Benton REA) is a not for profit member owned electric cooperative. It has approximately 12,504 member/owners to whom it delivers electricity through its distribution system. The sale and distribution of electric service is the main program service.

As filed on the 2025 return.

Listed in Part VII

  • Ryan Redmond

    Chief Executive Officer

    Total calculated
    $415,704
    From this org
    $347,823
    From related orgs
    $0
    Other
    $67,881
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $347,823
    Bonus
    $0
    Other
    $0
    Deferred
    $39,240
    Nontaxable benefits
    $28,641
    Filer's total
    $415,704

  • Andrew Gould

    COO/VP of Engineering

    Total calculated
    $336,070
    From this org
    $274,153
    From related orgs
    $0
    Other
    $61,917
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $274,153
    Bonus
    $0
    Other
    $0
    Deferred
    $31,740
    Nontaxable benefits
    $30,177
    Filer's total
    $336,070

  • Troy Berglund

    Deputy GM & VP of Member Experience

    Total calculated
    $320,459
    From this org
    $261,697
    From related orgs
    $0
    Other
    $58,762
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $261,697
    Bonus
    $0
    Other
    $0
    Deferred
    $28,586
    Nontaxable benefits
    $30,175
    Filer's total
    $320,458

  • Derek Miller

    Engineering Manager

    Total calculated
    $305,027
    From this org
    $249,579
    From related orgs
    $0
    Other
    $55,448
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $220,208
    Bonus
    $29,371
    Other
    $0
    Deferred
    $25,283
    Nontaxable benefits
    $30,165
    Filer's total
    $305,027

  • Christopher Hill

    Line Foreman

    Total calculated
    $302,776
    From this org
    $255,034
    From related orgs
    $0
    Other
    $47,742
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $255,034
    Bonus
    $0
    Other
    $0
    Deferred
    $17,621
    Nontaxable benefits
    $30,121
    Filer's total
    $302,776

  • Jay Conor Ames

    General Foreman

    Total calculated
    $276,440
    From this org
    $228,142
    From related orgs
    $0
    Other
    $48,298
    Hours/week
    47.5

    Schedule J breakdown matched by us

    Base
    $228,142
    Bonus
    $0
    Other
    $0
    Deferred
    $18,773
    Nontaxable benefits
    $29,526
    Filer's total
    $276,441

  • Justin Waldron

    VP of Member Support/CFO

    Total calculated
    $275,265
    From this org
    $217,377
    From related orgs
    $0
    Other
    $57,888
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $217,377
    Bonus
    $0
    Other
    $0
    Deferred
    $27,720
    Nontaxable benefits
    $30,168
    Filer's total
    $275,265

  • Larry Hall

    Line Foreman

    Total calculated
    $261,993
    From this org
    $213,882
    From related orgs
    $0
    Other
    $48,111
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $213,882
    Bonus
    $0
    Other
    $0
    Deferred
    $17,988
    Nontaxable benefits
    $30,123
    Filer's total
    $261,993

  • Jeff Bastow

    Information Technology Manager

    Total calculated
    $246,290
    From this org
    $214,260
    From related orgs
    $0
    Other
    $32,030
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $214,260
    Bonus
    $0
    Other
    $0
    Deferred
    $14,498
    Nontaxable benefits
    $17,532
    Filer's total
    $246,290

  • Michael Freepons

    Vice President

    Total calculated
    $12,072
    From this org
    $11,780
    From related orgs
    $0
    Other
    $292
    Hours/week
    8

  • Daniel Plung

    Trustee

    Total calculated
    $9,948
    From this org
    $9,690
    From related orgs
    $0
    Other
    $258
    Hours/week
    4

  • William Shibley

    Secretary/Treasurer

    Total calculated
    $9,758
    From this org
    $9,500
    From related orgs
    $0
    Other
    $258
    Hours/week
    4

  • Ronald Hall

    Trustee

    Total calculated
    $8,195
    From this org
    $7,980
    From related orgs
    $0
    Other
    $215
    Hours/week
    10

  • Scott Fisher

    President

    Total calculated
    $7,858
    From this org
    $7,600
    From related orgs
    $0
    Other
    $258
    Hours/week
    3

  • George Theodore Wallace

    Trustee

    Total calculated
    $7,288
    From this org
    $7,030
    From related orgs
    $0
    Other
    $258
    Hours/week
    6

  • Connie Krull

    Trustee

    Total calculated
    $6,485
    From this org
    $6,270
    From related orgs
    $0
    Other
    $215
    Hours/week
    5

  • Tim Grow

    Trustee

    Total calculated
    $5,594
    From this org
    $5,320
    From related orgs
    $0
    Other
    $274
    Hours/week
    5

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

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
2025
Filed
30 July 2026
IRS schema version
2025v4.0
Source object
202622529349301787

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