← NRECA POST-EMPLOYMENT HEALTH REIMBURSEMENT A IRRV TR OF

Form 990 for tax year 2022

Filed by NRECA POST-EMPLOYMENT HEALTH REIMBURSEMENT A IRRV TR OF.

Totals

Total revenue: $5,982
Total expenses: $929,027
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $0
Investment income: $5,982
Other revenue: $0
Total assets, end of year: $16,974,907
Total liabilities, end of year: $120,035
Net assets or fund balances, end of year: $16,854,872
Program services expenses (Part IX): not reported
Management and general expenses: not reported
Fundraising expenses: $0
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.

3 · Investment income

total $5,982 · related or exempt $0 · unrelated business $0 · excluded $5,982
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 $871,550
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 $0
11b · Fees: legal

total $26,432
11c · Fees: accounting

total $17,862
11d · Fees: lobbying

total $0
11e · Fees: professional fundraising services

total $0
11f · Fees: investment management

total $5,683
11g · Fees: other

total $7,500
12 · Advertising and promotion

total $0
13 · Office expenses

total $0
14 · Information technology

total $0
15 · Royalties

total $0
16 · Occupancy

total $0
17 · Travel

total $0
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 $0
23 · Insurance

total $0

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 $7,199,852 · end of year $7,200,764
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
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $12,588,693 · end of year $9,774,143
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 $103,377 · end of year $120,035
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 $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 $19,685,168 · end of year $16,854,872

Mission and programs · 2022

Mission

THE PLAN WAS ESTABLISHED TO REIMBURSE PARTICIPANTS AND THEIR DEPENDENTS FOR QUALIFIED OUT-OF-POCKET HEALTH CARE EXPENSES (SUCH AS OUT-OF-POCKET EXPENSES FOR MEDICAL CARE, VISION CARE, DENTAL CARE, PRESCRIPTION DRUGS AND CERTAIN OVER THE-COUNTER DRUGS) AND QUALIFIED LONG TERM CARE EXPENSES, AS WELL AS PREMIUMS FOR HEALTH INSURANCE, HEALTH PLAN COVERAGE, AND QUALIFIED LONG TERM CARE INSURANCE CONTRACTS THAT OCCUR AFTER THE PARTICIPANT HAS RETIRED OR TERMINATED EMPLOYMENT, INCLUDING COVERAGE UNDER THE CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT OF 1985 (COBRA).

Activities or mission (Part I)

SEE SCHEDULE O

TOTAL PROGRAM EXPENSES ARE RELATED TO BENEFITS PAID TO PARTICIPANTS AND ADMINISTRATIVE EXPENSES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Veneicia LockhartVENEICIA LOCKHART

SR VP FINANCE (THRU 04/2022)

Total calculated

$901,800

From this org

$0

From related orgs

$870,545

Other

$31,255

Hours/week

0.3 + 44.7 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
Michele RinnMICHELE RINN

SR VP HUMAN RESOURCES

Total calculated

$488,990

From this org

$0

From related orgs

$355,179

Other

$133,811

Hours/week

0.3 + 44.7 related

Schedule J breakdown matched by us

Base

$0 + $302,604 related

Bonus

$0 + $48,362 related

Other

$0 + $4,213 related

Deferred

$0 + $94,592 related

Nontaxable benefits

$0 + $39,219 related

Filer's total

$0 + $488,990 related
Danielle SieverlingDANIELLE SIEVERLING

VP CHIEF RISK & COMPLIANCE

Total calculated

$448,528

From this org

$0

From related orgs

$374,055

Other

$74,473

Hours/week

0.3 + 51.3 related

Schedule J breakdown matched by us

Base

$0 + $305,035 related

Bonus

$0 + $63,010 related

Other

$0 + $6,010 related

Deferred

$0 + $70,056 related

Nontaxable benefits

$0 + $4,417 related

Filer's total

$0 + $448,528 related
Digna LouisDIGNA LOUIS

CFO (AS OF 05/2022)

Total calculated

$420,486

From this org

$0

From related orgs

$377,029

Other

$43,457

Hours/week

0.3 + 44.7 related

Schedule J breakdown matched by us

Base

$0 + $303,655 related

Bonus

$0 + $71,658 related

Other

$0 + $1,716 related

Deferred

$0 + $16,500 related

Nontaxable benefits

$0 + $26,957 related

Filer's total

$0 + $420,486 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

4b · Supplemental nonqualified retirement plan

Answered no

4a · Severance or change-of-control payment
4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 4b: The following employee received payments from an executive nonqualified retirement plan. This amount is included and reported in Part II, Column B(iii): Veneicia Lockhart $706,640.38

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.

NATIONAL RURAL ELECTRIC COOPERATIVE ASSO

501(C )(6) · TRADE ASSOC. · VA

Directly controlled by NA
NRECA WOOD QUALITY CONTROL INC

501 (C)(6) · SEE PART VII · VA

Directly controlled by NRECA
NRECA INTERNATIONAL

501(C)(3) · SEE PART VII · VA

Directly controlled by NRECA
NRECA RESEARCH

501(C)(3) · SEE PART VII · VA

Directly controlled by NRECA
GREEN ENGLISH NAT'L LEADERSHIP COOP FDN

501(C)(3) · SEE PART VII · VA

Directly controlled by NRECA
FUNDACION ENERGETICA BOLIVIANA

N/A · 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
NRECA UNITED HOLDINGS

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

Directly controlled by SEE PART VII
COOPERATIVE BENEFITS ADMINISTRATORS

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

Directly controlled by SEE PART VII
COOPERATING ENERGY SERVICES

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
HOMESTEAD ADVISERS CORP

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: 13 November 2023
IRS schema version: 2022v5.0
Source object: 202303189349308065

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