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Nonprofiteer
← NRECA WOOD QUALITY CONTROL INC

Form 990 for tax year 2022

Filed by NRECA WOOD QUALITY CONTROL INC.

Totals

Total revenue
$3,022,290
Total expenses
$2,655,230
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,022,290
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,097,316
Total liabilities, end of year
$271,755
Net assets or fund balances, end of year
$1,825,561
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: WOOD QUALITY INSPECTION

    total $3,022,290 · related or exempt $3,022,290

  • 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 $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $793,865

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $1,985

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $16,887

  • 13 · Office expenses

    total $2,520

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $68,782

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $5,207

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PRODUCTION MONITORING FEES

    total $1,722,705

  • 24b · Other expenses: OTHER EXPENSES

    total $43,279

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 $1,660,215 · end of year $2,096,822

  • 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $15,314

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

    $14,820

  • 10c · Land, buildings and equipment, net

    beginning of year $3,700 · end of year $494

  • 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 $205,414 · end of year $271,755

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,000 · end of year $1,000

  • 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 $1,457,501 · end of year $1,824,561

Mission and programs · 2022

Mission

ESTABLISH, OPERATE, MAINTAIN AND ADMINISTER A PROGRAM OF ACTIVITIES DESIGNED TO IMPLEMENT RECOGNIZED STANDARDS ESTABLISHED BY THE RURAL UTILITIES SERVICE AND OTHERS TO ENSURE THE QUALITY OF TIMBER PRODUCTS USED IN THE CONTRUCTION OF RURAL ELECTRIFICATION SYSTEMS.

Activities or mission (Part I)

SEE SCHEDULE O

  • FOR 2022 WQC'S STAFF AND CONTRACTOR, TIMBER PRODUCT INSPECTION, INC., MONITORED THE PRODUCTION OF POLES AND CROSS ARMS. WQC CONTINUED TO ENSURE ALL POLES AND CROSS ARMS INSPECTED IN 2022 MET OR EXCEEDED THE RURAL UTILITIES SERVICE (RUS) SPECIFICATIONS.

As filed on the 2022 return.

Listed in Part VII

  • Jeffrey Connor

    CEO, PRESIDENT & DIRECTOR

    Total calculated
    $847,262
    From this org
    $0
    From related orgs
    $701,991
    Other
    $145,271
    Hours/week
    0.12 + 46.76 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

  • David Scott

    Secretary/Treasurer

    Total calculated
    $294,728
    From this org
    $0
    From related orgs
    $216,048
    Other
    $78,680
    Hours/week
    0.12 + 51.23 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,645 related
    Bonus
    $0 + $5,950 related
    Other
    $0 + $453 related
    Deferred
    $0 + $50,848 related
    Nontaxable benefits
    $0 + $27,832 related
    Filer's total
    $0 + $294,728 related

  • Jessica Healy

    Secretary (AS OF 12/06/22)

    Total calculated
    $237,902
    From this org
    $0
    From related orgs
    $224,819
    Other
    $13,083
    Hours/week
    0.12 + 45.55 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,552 related
    Bonus
    $0 + $200 related
    Other
    $0 + $4,067 related
    Deferred
    $0 + $11,399 related
    Nontaxable benefits
    $0 + $1,684 related
    Filer's total
    $0 + $237,902 related

  • Oliver Cox

    Executive Vice President

    Total calculated
    $199,881
    From this org
    $0
    From related orgs
    $142,623
    Other
    $57,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $141,976 related
    Bonus
    $0 + $200 related
    Other
    $0 + $447 related
    Deferred
    $0 + $32,203 related
    Nontaxable benefits
    $0 + $25,055 related
    Filer's total
    $0 + $199,881 related

  • Paul McCurley

    VP & DIRECTOR (THRU 06/29/22)

    Total calculated
    $147,131
    From this org
    $0
    From related orgs
    $121,155
    Other
    $25,976
    Hours/week
    0.79 + 14.9 related

  • Bryan Case

    Director (THRU 06/29/22)

    Total calculated
    $48,500
    From this org
    $0
    From related orgs
    $32,500
    Other
    $16,000
    Hours/week
    1

  • Timothy Velde

    DIRECTOR (AS OF 06/29/22)

    Total calculated
    $27,000
    From this org
    $0
    From related orgs
    $27,000
    Other
    $0
    Hours/week
    1

  • Randy Shaw

    Director (AS OF 06/29/22)

    Total calculated
    $19,500
    From this org
    $0
    From related orgs
    $19,500
    Other
    $0
    Hours/week
    0

  • Marty Littrel

    VP & DIRECTOR(AS OF 06/29/22)

    Total calculated
    $17,000
    From this org
    $0
    From related orgs
    $17,000
    Other
    $0
    Hours/week
    0

  • Nicholas Pascale

    ASSISTANT SEC (THRU 12/6/22)

    Total calculated
    $0
    Hours/week
    1

  • Mike Williams

    DIRECTOR (THRU 6/29/22)

    Total calculated
    $0
    Hours/week
    1

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

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A:
NRECA GROSSES UP PAYMENTS MADE TO STAFF THAT ARE ELIGIBLE UNDER THE EXECUTIVE 401(K) BONUS PLAN AND ELIGIBLE RELOCATION EXPENSES.
PART I, LINE 3
NRECA WOOD QUALITY CONTROL DOES NOT COMPENSATE ANY INDIVIDUALS. THE POLICIES OF NRECA INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION STUDY AND A WRITTEN EMPLOYMENT CONTRACT.

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.

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

  • NRECA UNITED HOLDINGS

    C CORP · SEE PART VII · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SEE PART VII

  • COOPERATIVE BENEFITS ADMINISTRATORS

    C CORP · SEE PART VII · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SEE PART VII

  • COOPERATING ENERGY SERVICES

    C CORP · SEE PART VII · 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 · 0% owned · share of income $0 · share of assets $0

    Directly controlled by SEE PART VII

  • HOMESTEAD ADVISERS CORP

    C CORP · SEE PART VII · 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
13 November 2023
IRS schema version
2022v5.0
Source object
202333189349303738

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