Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $231,121

• 2a · Program service revenue: MEMBERSHIP DUES

  total $2,088,094 · related or exempt $2,088,094

• 2b · Program service revenue: EDUCATION/CONFERENCES

  total $66,143 · related or exempt $66,143

• 2c · Program service revenue: DIRECTORY & MAGAZINE A

  total $10,100 · unrelated business $10,100

• 3 · Investment income

  total $3,453 · excluded $3,453

• 6a · Gross rents

  real property $12,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $12,000

• 6d · Net rental income or loss

  total $12,000 · excluded $12,000

• 8a · Fundraising events: gross income

  $9,793

• 8b · Fundraising events: direct expenses

  $6,880

• 8c · Net income from fundraising events

  total $2,913 · excluded $2,913

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $323,500

• 7 · Other salaries and wages

  total $478,320

• 8 · Pension plan contributions

  total $23,984

• 9 · Other employee benefits

  total $245,521

• 10 · Payroll taxes

  total $46,110

• 11b · Fees: legal

  total $71,071

• 11c · Fees: accounting

  total $23,434

• 11d · Fees: lobbying

  total $501,785

• 11g · Fees: other

  total $10,563

• 12 · Advertising and promotion

  total $15,363

• 13 · Office expenses

  total $36,940

• 16 · Occupancy

  total $127,542

• 17 · Travel

  total $67,816

• 19 · Conferences, conventions and meetings

  total $251,568

• 22 · Depreciation, depletion and amortization

  total $3,718

• 24a · Other expenses: TRAINING & EDUCATION

  total $116,461

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $16,214

• 24c · Other expenses: CAPITAL OUTLAY

  total $877

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $885,969 · end of year $1,315,511

• 2 · Savings and temporary cash investments

  beginning of year $217,375 · end of year $332,438

• 4 · Accounts receivable

  beginning of year $1,378 · end of year $285

• 9 · Prepaid expenses and deferred charges

  beginning of year $51,231 · end of year $61,651

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

  $50,541

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

  $42,001

• 10c · Land, buildings and equipment, net

  beginning of year $12,257 · end of year $8,540

• 13 · Investments: program-related

  beginning of year $16,890 · end of year $17,127

• 17 · Accounts payable and accrued expenses

  beginning of year $104,621 · end of year $154,946

• 19 · Deferred revenue

  beginning of year $776,272 · end of year $1,223,362

• 27 · Net assets without donor restrictions

  beginning of year $254,207 · end of year $307,244

• 28 · Net assets with donor restrictions

  beginning of year $50,000 · end of year $50,000

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BREAKDOWN OF DEFERRED COMPENSATION REPORTED ON PART II, COLUMN (C): DAVID LOCK: INCREASE IN DEFINED BENEFIT PLAN: $162,520 MATCHING CONTRIBUTION TO 401K 14,817 TOTAL REPORTED IN COLUMN C $177,337 JORGE CANACA: INCREASE IN DEFINED BENEFIT PLAN: $ 42,864 MATCHING CONTRIBUTION TO 401K 9,066 TOTAL REPORTED IN COLUMN C $ 51,930 CASEY RATLIEF: INCREASE IN DEFINED BENEFIT PLAN: $ 21,774 MATCHING CONTRIBUTION TO 401K 7,921 TOTAL REPORTED IN COLUMN C $ 29,695