Totals
- Total revenue
- $9,979,949
- Total expenses
- $9,979,949
- Contributions and grants received
- $3,502,613
- Grants paid
- $0
- Program service revenue
- $6,477,336
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,273,403
- Total liabilities, end of year
- $2,273,403
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $9,978,349
- Management and general expenses
- $1,600
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $9,978,349
Program services were 100.0% 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.
-
1e · Government grants (contributions)
$3,335,946
-
1f · All other contributions, gifts and grants
$166,667
-
1g · Noncash contributions included above
$166,667
-
2a · Program service revenue: CYBERSECURITY PROGRAMS
total $1,907,456 · related or exempt $1,907,456
-
2b · Program service revenue: MEMBER OUTREACH AND STRATEGIC INIATIVES
total $1,537,341 · related or exempt $1,537,341
-
2c · Program service revenue: ANALYTICS, RESILIENCY, RELIABILITY
total $1,106,725 · related or exempt $1,106,725
-
2d · Program service revenue: GENERATION, ENVIRONMENTAL AND CARBON
total $682,647 · related or exempt $682,647
-
2e · Program service revenue: RENEWABLE AND DISTRIBUTED GENERATATION
total $410,188 · related or exempt $410,188
-
2f · All other program service revenue
total $832,979 · related or exempt $832,979
-
3 · Investment income
total $0 · unrelated business $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,583,454 · program services $2,194,427 · management and general $389,027
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $640,629 · program services $512,469 · management and general $128,160
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total -$2,955 · management and general -$2,955
-
11c · Fees: accounting
total $23,386 · management and general $23,386
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $3,611,188 · program services $3,534,953 · management and general $76,235 · fundraising $0
-
12 · Advertising and promotion
total $110 · program services $110
-
13 · Office expenses
total $548 · program services $7 · management and general $541
-
14 · Information technology
total $279,135 · management and general $279,135
-
15 · Royalties
total $0
-
16 · Occupancy
total $219,900 · program services $109,950 · management and general $109,950
-
17 · Travel
total $288,971 · program services $198,458 · management and general $90,513
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $313,092 · program services $305,284 · management and general $7,808
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $28,705 · management and general $28,705
-
23 · Insurance
total $51,738 · program services $2,386 · management and general $49,352
-
24a · Other expenses: G&A ALLOCATED COSTS
total $1,507,798 · management and general $1,507,798
-
24b · Other expenses: IN-KIND CONTRIBUTION MATERIALS
total $166,667 · program services $166,667
-
24c · Other expenses: EQUIPMENT & MATERIALS
total $10,117 · program services $1,051 · management and general $9,066
-
24d · Other expenses: ALLOCATED INDIRECT COST
total -$264,254 · program services $2,594,377 · management and general -$2,858,631
-
24e · All other expenses
total $521,720 · program services $358,210 · management and general $163,510
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $4,996,231 · end of year $1,953,105
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $271,295 · end of year $271,295
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$282,035
-
10b · Land, buildings and equipment: accumulated depreciation
$233,032
-
10c · Land, buildings and equipment, net
beginning of year $56,789 · end of year $49,003
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $238,471 · end of year $246,581
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $304,577 · end of year $45,927
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $4,781,267 · end of year $1,980,895
-
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 $0 · end of year $0
Mission and programs · 2022
Mission
THE MISSION OF NRECA RESEARCH IS TO ENGAGE IN PRIVATELY FUNDED SCIENTIFIC RESEARCH ACTIVITIES FOCUSED ON SUPPORTING, SUSTAINING, AND IMPROVING THE ELECTRICAL GRID OF THE FUTURE.
Activities or mission (Part I)
THE MISSION OF NRECA RESEARCH IS TO ENGAGE IN PRIVATELY FUNDED SCIENTIFIC RESEARCH ACTIVITIES FOCUSED ON SUPPORTING,SUSTAINING AND IMPROVING THE ELECTRICAL GRID OF THE FUTURE.
-
RESEARCH ACTIVITIES FOCUSED ON IMPROVING COOPERATIVES CYBERSECURITY DEFENSIVE MEASURES TO PROTECT THEIR COOPERATIVE AND ELECTRICAL INFRASTRUCTURE FROM CYBER ATTACKS AND OTHER MALICIOUS ACTIVITIES.
Expenses $3,689,883 · Revenue $1,907,456
-
MEMBER OUTREACH AND STRATEGIC INITIATIVES.
Expenses $1,537,341 · Revenue $1,537,341
-
RESEARCH ACTIVITIES FOCUSED ON IMPROVING DATA ANALYTICS, GRID OPERATIONAL RESILENCY AND RELIABILITY.
Expenses $1,261,214 · Revenue $1,106,725
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JAMES JIM MATHESON
PRESIDENT
- Total calculated
- $4,627,690
- From this org
- $0
- From related orgs
- $3,712,474
- Other
- $915,216
- Hours/week
- 0.19 + 46.81 related
Schedule J breakdown matched by us
- Base
- $0 + $1,434,530 related
- Bonus
- $0 + $903,594 related
- Other
- $0 + $1,374,350 related
- Deferred
- $0 + $874,209 related
- Nontaxable benefits
- $0 + $41,007 related
- Filer's total
- $0 + $4,627,690 related
-
VENEICIA LOCKHART
SECRETARY/TREASURER THRU 4/22
- Total calculated
- $901,800
- From this org
- $0
- From related orgs
- $870,545
- Other
- $31,255
- Hours/week
- 0.06 + 44.94 related
Schedule J breakdown matched by us
- Base
- $0 + $155,868 related
- Bonus
- $0 + $749 related
- Other
- $0 + $713,928 related
- Deferred
- $0 + $16,500 related
- Nontaxable benefits
- $0 + $14,755 related
- Filer's total
- $0 + $901,800 related
-
JEFFREY CONNOR
CHIEF OPERATING OFFICER
- Total calculated
- $847,262
- From this org
- $0
- From related orgs
- $701,991
- Other
- $145,271
- Hours/week
- 0.19 + 46.81 related
Schedule J breakdown matched by us
- Base
- $0 + $544,598 related
- Bonus
- $0 + $140,200 related
- Other
- $0 + $17,193 related
- Deferred
- $0 + $107,936 related
- Nontaxable benefits
- $0 + $37,335 related
- Filer's total
- $0 + $847,262 related
-
DIGNA LOUIS
SECRETARY/TREASURER AS OF 5/22
- Total calculated
- $390,486
- From this org
- $0
- From related orgs
- $347,029
- Other
- $43,457
- Hours/week
- 0.29 + 44.71 related
Schedule J breakdown matched by us
- Base
- $0 + $303,655 related
- Bonus
- $0 + $41,658 related
- Other
- $0 + $1,716 related
- Deferred
- $0 + $16,500 related
- Nontaxable benefits
- $0 + $26,957 related
- Filer's total
- $0 + $390,486 related
-
ANGELA STRICKLAND
VICE PRESIDENT AS OF 5/22
- Total calculated
- $313,804
- From this org
- $0
- From related orgs
- $304,263
- Other
- $9,541
- Hours/week
- 0.29 + 50.71 related
Schedule J breakdown matched by us
- Base
- $0 + $237,704 related
- Bonus
- $0 + $61,744 related
- Other
- $0 + $4,815 related
- Deferred
- $0 + $7,249 related
- Nontaxable benefits
- $0 + $2,292 related
- Filer's total
- $0 + $313,804 related
-
JESSICA HEALY
ASSISTANT SECRETARY AS OF 6/22
- Total calculated
- $283,687
- From this org
- $0
- From related orgs
- $224,819
- Other
- $58,868
- Hours/week
- 0.19 + 45.81 related
Schedule J breakdown matched by us
- Base
- $0 + $220,552 related
- Bonus
- $0 + $200 related
- Other
- $0 + $4,067 related
- Deferred
- $0 + $57,184 related
- Nontaxable benefits
- $0 + $1,684 related
- Filer's total
- $0 + $283,687 related
-
VENKAT BANUNARAYANAN
VP, BTS INTEGRATED GRID
- Total calculated
- $283,083
- From this org
- $0
- From related orgs
- $232,499
- Other
- $50,584
- Hours/week
- 25 + 15 related
Schedule J breakdown matched by us
- Base
- $0 + $230,547 related
- Bonus
- $0 + $775 related
- Other
- $0 + $1,177 related
- Deferred
- $0 + $14,018 related
- Nontaxable benefits
- $0 + $36,566 related
- Filer's total
- $0 + $283,083 related
-
EMMA STEWART
CHIEF SCIENTIST
- Total calculated
- $273,968
- From this org
- $0
- From related orgs
- $256,689
- Other
- $17,279
- Hours/week
- 37 + 9 related
Schedule J breakdown matched by us
- Base
- $0 + $251,367 related
- Bonus
- $0 + $1,200 related
- Other
- $0 + $4,122 related
- Deferred
- $0 + $12,390 related
- Nontaxable benefits
- $0 + $4,889 related
- Filer's total
- $0 + $273,968 related
-
DOUGLAS LAMBERT
SR. PRINCIPAL GRID SOLUTIONS
- Total calculated
- $250,396
- From this org
- $0
- From related orgs
- $205,386
- Other
- $45,010
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $193,629 related
- Bonus
- $0 + $10,775 related
- Other
- $0 + $982 related
- Deferred
- $0 + $8,250 related
- Nontaxable benefits
- $0 + $36,760 related
- Filer's total
- $0 + $250,396 related
-
DAVID PINNEY
PRINCIPAL, ANALYTIC TOOLS
- Total calculated
- $233,476
- From this org
- $0
- From related orgs
- $206,086
- Other
- $27,390
- Hours/week
- 42
Schedule J breakdown matched by us
- Base
- $0 + $198,584 related
- Bonus
- $0 + $7,125 related
- Other
- $0 + $377 related
- Deferred
- $0 + $11,971 related
- Nontaxable benefits
- $0 + $15,419 related
- Filer's total
- $0 + $233,476 related
-
DANIEL WALSH
SR. POWER SUPPLY & GENERATION
- Total calculated
- $231,726
- From this org
- $0
- From related orgs
- $211,169
- Other
- $20,557
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $0 + $204,234 related
- Bonus
- $0 + $1,150 related
- Other
- $0 + $5,785 related
- Deferred
- $0 + $12,428 related
- Nontaxable benefits
- $0 + $8,129 related
- Filer's total
- $0 + $231,726 related
-
STANLEY MCHANN
SR. RESEARCH ENGINEER-SOFTWARE
- Total calculated
- $226,496
- From this org
- $0
- From related orgs
- $185,713
- Other
- $40,783
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $165,495 related
- Bonus
- $0 + $16,000 related
- Other
- $0 + $4,218 related
- Deferred
- $0 + $10,652 related
- Nontaxable benefits
- $0 + $30,131 related
- Filer's total
- $0 + $226,496 related
-
JAMESJIM SPIERS
VICE PRESIDENT THRU 5/22
- Total calculated
- $170,244
- From this org
- $0
- From related orgs
- $154,475
- Other
- $15,769
- Hours/week
- 0.06 + 23.94 related
Schedule J breakdown matched by us
- Base
- $0 + $121,521 related
- Bonus
- $0
- Other
- $0 + $32,954 related
- Deferred
- $0 + $5,584 related
- Nontaxable benefits
- $0 + $10,185 related
- Filer's total
- $0 + $170,244 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
- 1a · Tax indemnification and gross-up payments
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 1A:
- TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: NRECA GROSSES-UP PAYMENTS MADE TO STAFF UNDER THE EXECUTIVE 401(K) BONUS PLAN AND ON ELIGIBLE RELOCATION EXPENSES.
- SCHEDULE J, PART I, LINE 4B:
- THE FOLLOWING CURRENT OFFICER RECEIVED PAYMENT OR HAVE DEFERRED COMPENSATION FROM AN EXECUTIVE NONQUALIFIED RETIREMENT PLAN. THE AMOUNT IS INCLUDED AND REPORTED IN PART II, COLUMN B: JAMES MATHESON ($1,304,739).
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.
-
NAT'L RURAL ELECTRIC COOPERATIVE ASSOC
501(C)(6) · SERVICE ORG · VA
Directly controlled by NA
-
501(C)(3) · SEE PART VII · VA
Directly controlled by NRECA
-
FUNDACION ENERGETICA BOLIVIANA
N/A · SEE PART VII · VA
Directly controlled by NRECA INT'L
-
GLENN ENGLISH NAT'L LEADERSHIP COOP FDN
501(C)(3) · SEE PART VII · VA
Directly controlled by NRECA
-
NRECA WOOD QUALITY CONTROL INC
501(C)(6) · SEE PART VII · VA
Directly controlled by NRECA
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.
-
COOPERATIVE INSURANCE SERVICES
C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0
Directly controlled by SEE PART VII
-
C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0
Directly controlled by SEE PART VII
-
COOPERATIVE BENEFIT ADMINISTRATORS
C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0
Directly controlled by SEE PART VII
-
C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0
Directly controlled by SEE PART VII
-
HOMESTEAD FINANCIAL SERVICES CORP
C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0
Directly controlled by SEE PART VII
-
C CORP · SEE PART VII · VA · 0% owned · share of income $0 · share of assets $0
Directly controlled by SEE PART VII
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349315778
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