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← NATIONAL RURAL WATER ASSOCIATION

Form 990 for tax year 2024

Filed by NATIONAL RURAL WATER ASSOCIATION.

Totals

Total revenue
$81,786,877
Total expenses
$74,539,636
Contributions and grants received
$73,038,286
Grants paid
$60,927,870
Program service revenue
$2,076,382
Investment income
$6,276,170
Other revenue
$396,039
Total assets, end of year
$89,126,630
Total liabilities, end of year
$19,649,350
Net assets or fund balances, end of year
$69,477,280
Program services expenses (Part IX)
$73,852,244
Management and general expenses
$687,392
Fundraising expenses
$0
Program service expenses (Part III)
$73,852,244

Program services were 99.1% 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.

  • 1b · Membership dues

    $1,166,516

  • 1e · Government grants (contributions)

    $71,871,770

  • 2a · Program service revenue: CONFERENCES

    total $1,580,608 · related or exempt $1,580,608

  • 2b · Program service revenue: ASSET MANAGEMENT PROGRAM

    total $194,402 · related or exempt $194,402

  • 2c · Program service revenue: AFFINITY PROGRAMS

    total $112,337 · related or exempt $112,337

  • 2d · Program service revenue: RALLIES

    total $110,402 · related or exempt $110,402

  • 2e · Program service revenue: TRAINING

    total $57,965 · related or exempt $57,965

  • 2f · All other program service revenue

    total $20,668 · related or exempt $20,668

  • 3 · Investment income

    total $1,691,408 · excluded $1,691,408

  • 7a · Gross sales of assets other than inventory

    securities $29,159,799

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

    securities $24,575,037

  • 7c · Gain or loss

    securities $4,584,762

  • 7d · Net gain or loss

    total $4,584,762 · excluded $4,584,762

  • 11a · Other revenue: ADVERTISING

    total $303,445 · unrelated business $303,445

  • 11b · Other revenue: AFFILIATE SERVICES

    total $92,594 · related or exempt $92,594

  • 11e · Other revenue, total

    $396,039

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $60,867,870 · program services $60,867,870

  • 2 · Grants to domestic individuals

    total $60,000 · program services $60,000

  • 5 · Compensation of officers, directors and key employees

    total $890,090 · program services $845,140 · management and general $44,950

  • 7 · Other salaries and wages

    total $4,592,443 · program services $4,360,525 · management and general $231,918

  • 8 · Pension plan contributions

    total $361,353 · program services $343,105 · management and general $18,248

  • 9 · Other employee benefits

    total $1,966,873 · program services $1,867,546 · management and general $99,327

  • 10 · Payroll taxes

    total $399,840 · program services $379,648 · management and general $20,192

  • 11b · Fees: legal

    total $43,735 · program services $41,526 · management and general $2,209

  • 11c · Fees: accounting

    total $46,158 · program services $43,827 · management and general $2,331

  • 11d · Fees: lobbying

    total $263,999 · program services $250,667 · management and general $13,332

  • 11f · Fees: investment management

    total $223,755 · program services $212,455 · management and general $11,300

  • 12 · Advertising and promotion

    total $9,432 · program services $8,956 · management and general $476

  • 13 · Office expenses

    total $220,820 · program services $209,669 · management and general $11,151

  • 16 · Occupancy

    total $407,880 · program services $387,282 · management and general $20,598

  • 17 · Travel

    total $863,803 · program services $820,181 · management and general $43,622

  • 19 · Conferences, conventions and meetings

    total $1,074,881 · program services $1,020,600 · management and general $54,281

  • 22 · Depreciation, depletion and amortization

    total $62,832 · program services $59,659 · management and general $3,173

  • 23 · Insurance

    total $76,693 · program services $72,820 · management and general $3,873

  • 24a · Other expenses: CONTRACTS

    total $659,056 · program services $625,774 · management and general $33,282

  • 24b · Other expenses: SUPPORT & SUPPORT MATER

    total $513,700 · program services $487,758 · management and general $25,942

  • 24c · Other expenses: MEMBER SERVICES

    total $250,490 · program services $237,840 · management and general $12,650

  • 24d · Other expenses: OTHER EXPENSE

    total $212,379 · program services $201,654 · management and general $10,725

  • 24e · All other expenses

    total $471,554 · program services $447,742 · management and general $23,812

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $870,888 · end of year $781,400

  • 2 · Savings and temporary cash investments

    beginning of year $18,315,254 · end of year $16,226,389

  • 3 · Pledges and grants receivable

    beginning of year $7,565,365 · end of year $10,078,009

  • 4 · Accounts receivable

    beginning of year $383,501 · end of year $657,163

  • 7 · Other notes and loans receivable

    beginning of year $4,433,979 · end of year $6,650,750

  • 8 · Inventories for sale or use

    beginning of year $17,435 · end of year $15,861

  • 9 · Prepaid expenses and deferred charges

    beginning of year $192,269 · end of year $285,037

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

    $2,816,553

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

    $2,398,934

  • 10c · Land, buildings and equipment, net

    beginning of year $480,451 · end of year $417,619

  • 11 · Investments: publicly traded securities

    beginning of year $48,022,048 · end of year $53,599,152

  • 14 · Intangible assets

    beginning of year $100,000 · end of year $100,000

  • 15 · Other assets

    beginning of year $471,985 · end of year $315,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,440,151 · end of year $1,306,841

  • 18 · Grants payable

    beginning of year $6,557,853 · end of year $8,561,863

  • 19 · Deferred revenue

    beginning of year $9,713,115 · end of year $9,465,396

  • 25 · Other liabilities

    beginning of year $471,985 · end of year $315,250

  • 27 · Net assets without donor restrictions

    beginning of year $62,670,071 · end of year $69,477,280

Mission and programs · 2024

Mission

TO CULTIVATE OPPORTUNITIES FOR STATE ASSOCIATIONS TO BE SUCCESSFUL FOR THE BENEFITS OF THEIR MEMEBERS.

Activities or mission (Part I)

TO STRENGTHEN STATE ASSOCIATIONS.

  • NRWA PROVIDES TRAINING AND TECHNICAL ASSISTANCE THROUGH 49 AFFILIATED STATE RURAL WATER ASSOCIATIONS, THAT CURRENTLY HAVE OVER 31,000 UTILITY SYSTEM MEMBERS. RURAL WATER TRAINING AND TECHNICAL ASSISTANCE COVERS EVERY ASPECT OF OPERATING, MANAGING, AND FINANCING WATER AND WASTEWATER UTILITIES.

    Expenses $73,852,244 · Grants $60,927,870 · Revenue $2,168,976

As filed on the 2024 return.

Listed in Part VII

  • PHILLIP COMBS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CHRIS KENYON

    SR. VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DAVID PETERSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • PAUL FULGHAM

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TOM GOULETTE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOHN O'CONNELL

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOHN CHOATE

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM SPEER

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIMMY FOLCO

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC HILL

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JANA LITTLEWOOD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATT RENCHER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN COVINGTON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DANNIE MCMILLAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAM MINELLA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID BAIRD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MUNRO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICK JEFFARES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TONY CARRASCO

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRAD ANDERSEN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STEVE FLETCHER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDY PLEIMA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BILL SHROYER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CRAIG SOLLBERGER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFF DAY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES LATCHUM

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES GOBEILLE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LUKE HEIKKILA

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MACK LEE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID WALLER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALLEN KELM

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN COFFEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES MACKIE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOHN JONES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NEIL CARPENTER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELE SCHOMMER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FARON YOUNG

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MOORE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RUSSELL COOPER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BOB BLOUGH

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LINDA EVANS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RON GILLEN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KENT WATSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JON THORNTON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TOM DELBRIDGE

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DON ZUERN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALAN HAUGHT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KEVIN MRAZ

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHUCK MCVEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW HOLMES

    CEO

    Total calculated
    $428,889
    From this org
    $379,325
    From related orgs
    $0
    Other
    $49,564
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $379,325
    Bonus
    $0
    Other
    $0
    Deferred
    $24,131
    Nontaxable benefits
    $25,433
    Filer's total
    $428,889

  • BRIAN CHURCHMAN

    CFO

    Total calculated
    $309,821
    From this org
    $264,508
    From related orgs
    $0
    Other
    $45,313
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $264,508
    Bonus
    $0
    Other
    $0
    Deferred
    $19,595
    Nontaxable benefits
    $25,718
    Filer's total
    $309,821

  • VERN STEEL

    COO

    Total calculated
    $290,351
    From this org
    $246,258
    From related orgs
    $0
    Other
    $44,093
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,258
    Bonus
    $0
    Other
    $0
    Deferred
    $18,249
    Nontaxable benefits
    $25,844
    Filer's total
    $290,351

  • MICHAEL PRESTON

    DEPUTY DIRECTOR OF LEG. AF

    Total calculated
    $303,250
    From this org
    $248,041
    From related orgs
    $0
    Other
    $55,209
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,041
    Bonus
    $0
    Other
    $0
    Deferred
    $18,053
    Nontaxable benefits
    $37,156
    Filer's total
    $303,250

  • WILLIAM SIMPSON

    LEGISLATIVE DIRECTOR

    Total calculated
    $373,693
    From this org
    $342,832
    From related orgs
    $0
    Other
    $30,861
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,832
    Bonus
    $0
    Other
    $0
    Deferred
    $24,150
    Nontaxable benefits
    $6,711
    Filer's total
    $373,693

  • CHARLES STEPHENS

    SR. EXECUTIVE POLICY DIREC

    Total calculated
    $324,035
    From this org
    $261,677
    From related orgs
    $0
    Other
    $62,358
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,677
    Bonus
    $0
    Other
    $0
    Deferred
    $19,860
    Nontaxable benefits
    $42,498
    Filer's total
    $324,035

  • SHANNAN WALTON

    APPRENTICESHIP PROGRAMS MANAGER

    Total calculated
    $176,932
    From this org
    $150,543
    From related orgs
    $0
    Other
    $26,389
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,543
    Bonus
    $0
    Other
    $0
    Deferred
    $10,666
    Nontaxable benefits
    $15,723
    Filer's total
    $176,932

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 committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 January 2026
IRS schema version
2024v5.5
Source object
202620159349301122

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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