Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Publications

  total $1,295,941 · related or exempt $1,208,941 · unrelated business $87,000

• 2b · Program service revenue: General Membership Due

  total $1,008,291 · related or exempt $1,008,291

• 2c · Program service revenue: Safety/Loss Services

  total $541,817 · related or exempt $541,817

• 2d · Program service revenue: Education Training Pro

  total $16,800 · related or exempt $16,800

• 2f · All other program service revenue

  total $3,852 · related or exempt $3,852

• 3 · Investment income

  total $51,431 · excluded $51,431

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $331,533

• 8 · Pension plan contributions

  total $103,379

• 9 · Other employee benefits

  total $60,867

• 10 · Payroll taxes

  total $22,444

• 11b · Fees: legal

  total $105,804

• 11c · Fees: accounting

  total $16,668

• 11d · Fees: lobbying

  total $120,181

• 11g · Fees: other

  total $626,998

• 12 · Advertising and promotion

  total $43,226

• 13 · Office expenses

  total $29,209

• 14 · Information technology

  total $22,591

• 16 · Occupancy

  total $47,731

• 17 · Travel

  total $130,099

• 19 · Conferences, conventions and meetings

  total $23,954

• 22 · Depreciation, depletion and amortization

  total $19,716

• 23 · Insurance

  total $12,751

• 24a · Other expenses: Publication Office Expe

  total $1,128,554

• 24b · Other expenses: Membership Dues

  total $35,133

• 24c · Other expenses: Youth Programs

  total $21,955

• 24d · Other expenses: Workshops

  total $21,241

• 24e · All other expenses

  total $56,376

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $601,455

• 2 · Savings and temporary cash investments

  beginning of year $1,880,422 · end of year $1,200,000

• 4 · Accounts receivable

  beginning of year $9,008 · end of year $1,609

• 9 · Prepaid expenses and deferred charges

  beginning of year $73,737 · end of year $83,251

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

  $106,108

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

  $83,105

• 10c · Land, buildings and equipment, net

  beginning of year $42,719 · end of year $23,003

• 13 · Investments: program-related

  beginning of year $11,339 · end of year $10,706

• 15 · Other assets

  beginning of year $205,247 · end of year $138,166

• 17 · Accounts payable and accrued expenses

  beginning of year $116,926 · end of year $129,071

• 19 · Deferred revenue

  beginning of year $290,885 · end of year $217,674

• 25 · Other liabilities

  beginning of year $179,104 · end of year $138,166

• 27 · Net assets without donor restrictions

  beginning of year $1,635,557 · end of year $1,573,279

The filer's explanations (Part III)

Part I, Line 1a

Written policy states as part of MECA's health and wellness cost sharing plan, MECA covers 75% of membership dues for an individual employee to join a health club, up to a maximum of $75.00. MECA grossed up a couple of insignificant payments to employees for de minimus awards.

Part I, Line 3

The services of the President/CEO are provided to the Association under a management services agreement with Wolverine Power Cooperative, one of its member cooperatives. The filing organization relies on Wolverine Power Cooperative to determine the compensation for the President/CEO. They use methods listed in Part I, line 3 to determine his compensation.

Schedule J, Part II, Column C, Deferred Compensation

The estimated current year increase in the actuarial value of the defined benefit plan is included in other compensation for employees listed in Part II of Schedule J. These amounts do not represent any current year contributions to the plan. They are estimates of the increase in the actuarial value of the plans received from the NRECA. The current year expense and the increase in actuarial value for each employee are reflected in the statement on the Schedule O for Form 990, Part VII, Column F.