Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RURAL MO MAGAZINE

  total $4,894,205 · related or exempt $3,546,915 · unrelated business $1,347,290

• 2b · Program service revenue: MEMBERSHIP DUES & ASSESSMENTS

  total $3,953,425 · related or exempt $3,953,425

• 2c · Program service revenue: RISK MANAGEMENT/TRAINING

  total $1,760,033 · related or exempt $1,760,033

• 2d · Program service revenue: OTHER MEMBER SERVICES

  total $1,097,647 · related or exempt $1,082,289 · unrelated business $15,358

• 2e · Program service revenue: COOP ADVERTISING

  total $644,877 · related or exempt $644,877

• 2f · All other program service revenue

  total $314,495 · related or exempt $314,495

• 3 · Investment income

  total $21,337 · excluded $21,337

• 7a · Gross sales of assets other than inventory

  other assets $67,213

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

  other assets $0

• 7c · Gain or loss

  other assets $67,213

• 7d · Net gain or loss

  total $67,213 · excluded $67,213

• 8a · Fundraising events: gross income

  $32,602

• 8b · Fundraising events: direct expenses

  $32,602

• 8c · Net income from fundraising events

  total $0

• 10a · Gross sales of inventory

  $4,507

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $4,507 · related or exempt $4,507

• 11a · Other revenue: MISCELLANEOUS

  total $277,308 · related or exempt $277,308

• 11e · Other revenue, total

  $277,308

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $767,378

• 7 · Other salaries and wages

  total $2,776,704

• 8 · Pension plan contributions

  total $1,043,747

• 9 · Other employee benefits

  total $601,711

• 10 · Payroll taxes

  total $237,687

• 11b · Fees: legal

  total $28,141

• 11c · Fees: accounting

  total $20,100

• 11d · Fees: lobbying

  total $279,025

• 11g · Fees: other

  total $474,615

• 12 · Advertising and promotion

  total $588,815

• 13 · Office expenses

  total $445,507

• 16 · Occupancy

  total $59,902

• 17 · Travel

  total $431,187

• 19 · Conferences, conventions and meetings

  total $309,944

• 20 · Interest

  total $4,135

• 22 · Depreciation, depletion and amortization

  total $286,754

• 23 · Insurance

  total $42,915

• 24a · Other expenses: MAGAZINE/DIRECTORY PRIN

  total $2,407,875

• 24b · Other expenses: POSTAGE

  total $1,488,035

• 24c · Other expenses: OTHER PROGRAM EXPENSE

  total $914,229

• 24d · Other expenses: MISCELLANEOUS

  total $10,858

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,493,470 · end of year $3,341,992

• 4 · Accounts receivable

  beginning of year $485,007 · end of year $879,240

• 8 · Inventories for sale or use

  beginning of year $6,886 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,087,517 · end of year $932,731

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

  $4,561,365

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

  $3,231,025

• 10c · Land, buildings and equipment, net

  beginning of year $1,302,361 · end of year $1,330,340

• 12 · Investments: other securities

  beginning of year $327,201 · end of year $345,991

• 17 · Accounts payable and accrued expenses

  beginning of year $1,591,811 · end of year $1,855,311

• 23 · Secured mortgages and notes payable

  beginning of year $253,309 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $4,857,322 · end of year $4,974,983

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BREAKDOWN OF DEFERRED COMPENSATION REPORTED ON PART II, COLUMN (C): CALEB JONES: INCREASE IN DEFINED BENEFIT PLAN: $ 59,780 MATCHING CONTRIBUTION TO 401K 13,838 TOTAL REPORTED IN COLUMN C $ 73,618 KATE BOATRIGHT: INCREASE IN DEFINED BENEFIT PLAN: $ 42,924 MATCHING CONTRIBUTION TO 401K 6,621 TOTAL REPORTED IN COLUMN C $ 49,545 ROBERT LAND: INCREASE IN DEFINED BENEFIT PLAN: $ 53,738 MATCHING CONTRIBUTION TO 401K 5,669 TOTAL REPORTED IN COLUMN C $ 59,407 JIM MCCARTY: INCREASE IN DEFINED BENEFIT PLAN: $ 45,225 MATCHING CONTRIBUTION TO 401K 5,160 TOTAL REPORTED IN COLUMN C $ 50,385 CRAIG MOELLER: INCREASE IN DEFINED BENEFIT PLAN: $ 38,720 MATCHING CONTRIBUTION TO 401K 4,085 TOTAL REPORTED IN COLUMN C $ 42,805 LINDA BOLTEN: INCREASE IN DEFINED BENEFIT PLAN: $ 34,392 MATCHING CONTRIBUTION TO 401K 3,628 TOTAL REPORTED IN COLUMN C $ 38,020 BRENT STEWART: INCREASE IN DEFINED BENEFIT PLAN: $ 30,953 MATCHING CONTRIBUTION TO 401K 3,323 TOTAL REPORTED IN COLUMN C $ 34,276