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Nonprofiteer
← ND REC BENEFIT TRUST

Form 990 for tax year 2024

Filed by ND REC BENEFIT TRUST.

Totals

Total revenue
$20,255,985
Total expenses
$18,702,592
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,675,051
Investment income
$580,934
Other revenue
$0
Total assets, end of year
$10,984,630
Total liabilities, end of year
$103,239
Net assets or fund balances, end of year
$10,881,391
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: Participating Member Contribution

    total $19,675,051 · related or exempt $19,675,051

  • 3 · Investment income

    total $580,934 · unrelated business $580,934

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $15,115,533

  • 11c · Fees: accounting

    total $20,758

  • 11g · Fees: other

    total $1,179,644

  • 12 · Advertising and promotion

    total $12,797

  • 13 · Office expenses

    total $403

  • 16 · Occupancy

    total $3,000

  • 17 · Travel

    total $233

  • 19 · Conferences, conventions and meetings

    total $1,626

  • 23 · Insurance

    total $5,840

  • 24a · Other expenses: Premiums Paid to Insura

    total $2,308,575

  • 24b · Other expenses: Payment Integrity Retai

    total $47,372

  • 24c · Other expenses: Affordable Care Act Fee

    total $6,811

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,430,009 · end of year $2,051,436

  • 4 · Accounts receivable

    beginning of year $526,000 · end of year $1,084,815

  • 12 · Investments: other securities

    beginning of year $7,401,851 · end of year $7,666,476

  • 15 · Other assets

    beginning of year $139,103 · end of year $181,903

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,729 · end of year $7,706

  • 19 · Deferred revenue

    beginning of year $161,236 · end of year $95,533

  • 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 $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,327,998 · end of year $10,881,391

Mission and programs · 2024

Mission

To Provide quality cost effective health benefits to foster a safe and healthy culture for our cooperative families.

Activities or mission (Part I)

The purpose of the Plan and this Trust is to create a federal and state tax exempt voluntary employees' beneficiary association described in the Internal Revenue Code Section 501(c)(9) and its related treasury regulations, to provide group health and other statutorily permitted insured or self-funded benefits as determined by the trustees to employees of the association's employers who agree to participate in the plan of this Trust.

  • The plans within the trust provide medical, dental and vision benefits for all eligible employees, their families and dependents of the 21 participating employers, as defined within the trust.

As filed on the 2024 return.

Listed in Part VII

  • Josh Kramer

    Chair

    Total calculated
    $313,538
    From this org
    $0
    From related orgs
    $245,915
    Other
    $67,623
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $237,938 related
    Bonus
    $0
    Other
    $0 + $7,977 related
    Deferred
    $0 + $35,160 related
    Nontaxable benefits
    $0 + $35,678 related
    Filer's total
    $0 + $316,753 related
  • Brenna Ohman

    NDAREC Alternate

    Total calculated
    $156,278
    From this org
    $0
    From related orgs
    $142,109
    Other
    $14,169
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,939 related
    Bonus
    $0 + $750 related
    Other
    $0 + $420 related
    Deferred
    $0 + $14,169 related
    Nontaxable benefits
    $0 + $1,839 related
    Filer's total
    $0 + $158,117 related
  • Christel Laskowski

    Vice Chair See Sch O Explanation

    Total calculated
    $0
    Hours/week
    2 + 40 related
  • Sarah Dawson

    Secretary/Treasurer See Sch O Explanation

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Brooke Watterud

    Alternate (From Nov) See Sch O Explanation

    Total calculated
    $0
    Hours/week
    0.1 + 40 related
  • Lenell Jepsen

    Alternate (Until Oct) See Sch O Explanation

    Total calculated
    $0
    Hours/week
    0 + 40 related
  • Jerry King

    Trustee See Sch O Explanation

    Total calculated
    $0
    Hours/week
    2 + 40 related
  • Kandace D'Ambrosio

    Trustee See Sch O Explanation

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Theresa Halverson

    Trustee See Sch O Explanation

    Total calculated
    $0
    Hours/week
    0.5 + 40 related
  • Casey Jans

    Alternate See Sch O Explanation

    Total calculated
    $0
    Hours/week
    0.5 + 40 related
  • Kelly Wald

    Trustee (Until Nov) See Sch O Explanation

    Total calculated
    $0
    Hours/week
    0 + 40 related
  • Krystyn Syversen

    Trustee (From Dec) See Sch O Explanation

    Total calculated
    $0
    Hours/week
    0.1 + 40 related
  • Alex Craigmile

    Alternate See Sch O Explanation

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Marcy Sanders

    Trustee See Sch O Explanation

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Julie Armijo

    Trustee See Sch O Explanation

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Jennifer Schulz

    Trustee (From Dec) See Sch O Explanation

    Total calculated
    $0
    Hours/week
    0.5 + 40 related
  • Robert Whalen

    Trustee (Until Nov) and Alternate See Sch O Expl

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Cole Hendrickson

    Alternate (From Dec) See Sch O Explanation

    Total calculated
    $0
    Hours/week
    0.3 + 40 related
  • Brandy Hansen

    Trustee (From Dec) See Sch O Explanation

    Total calculated
    $0
    Hours/week
    0.3 + 40 related
  • Jay Lux

    Trustee (Until Dec) See Sch O Explanation

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Tom Edwards

    Trustee See Sch O Explanation

    Total calculated
    $0
    Hours/week
    0.3 + 40 related
  • Cheryl Belle

    Trustee See Sch O Explanation

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Michaela Kathrein Perbix

    Trustee See Sch O Explanation

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Brooke Waltner

    Trustee See Sch O Explanation

    Total calculated
    $0
    Hours/week
    0.5 + 40 related
  • Chad Sapa

    Alternate (Until Dec) See Sch O Explanation

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Dean Volk

    Alternate See Sch O Explanation

    Total calculated
    $0
    Hours/week
    1 + 40 related
  • Jami Hovet

    Alternate (Until Dec) See Sch O Explanation

    Total calculated
    $0
    Hours/week
    2 + 40 related

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

None.

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.

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.

  • North Dakota Association of Rural Electric Cooperatives

    501(c)(6) · Rural Electric Cooperative Service Association · ND

  • Burke-Divide Electric Cooperative

  • Cass County Electric Cooperative

  • Cavalier Electric Cooperative

  • Central Power Electric Cooperative

  • Dakota Valley Electric Cooperative

  • KEM Electric Cooperative

  • Minnkota Power Cooperative

  • Mor Gran Sou Electric Cooperative

  • Mountrail-Williams Electric Cooperative

  • Nodak Electric Cooperative

  • North Central Electric Cooperative

  • Northern Plains Electric Cooperative

  • Roughrider Electric Cooperative

  • Slope Electric Cooperative

  • Verendrye Electric Cooperative

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.

  • 3C Construction LLC

  • Innovative Energy Alliance Cooperative

  • Maintenance Solutions Cooperative

  • Glenn's Appliance

Provenance

Return type
form_990
Tax year
2024
Filed
20 October 2025
IRS schema version
2024v5.2
Source object
202542959349301309

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