Form 990 for tax year 2024
Filed by NRECA WOOD QUALITY CONTROL INC.
Totals
- Total revenue
- $3,194,907
- Total expenses
- $2,832,334
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,103,673
- Investment income
- $91,234
- Other revenue
- $0
- Total assets, end of year
- $3,124,437
- Total liabilities, end of year
- $309,628
- Net assets or fund balances, end of year
- $2,814,809
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $2,832,334
Listed in Part VII
-
ANGELA STRICKLAND
SR. VICE PRESIDENT
- Total calculated
- $592,415
- From this org
- $0
- From related orgs
- $462,098
- Other
- $130,317
- Hours/week
- 0.1 + 50.9 related
Schedule J breakdown matched by us
- Base
- $0 + $392,371 related
- Bonus
- $0 + $61,100 related
- Other
- $0 + $8,627 related
- Deferred
- $0 + $86,231 related
- Nontaxable benefits
- $0 + $44,086 related
- Filer's total
- $0 + $592,415 related
-
DUSTIN YOUNG
TREASURER
- Total calculated
- $377,604
- From this org
- $0
- From related orgs
- $274,852
- Other
- $102,752
- Hours/week
- 0.3 + 44.7 related
Schedule J breakdown matched by us
- Base
- $0 + $273,081 related
- Bonus
- $0 + $275 related
- Other
- $0 + $1,496 related
- Deferred
- $0 + $57,182 related
- Nontaxable benefits
- $0 + $45,570 related
- Filer's total
- $0 + $377,604 related
-
JEFFREY CONNOR
PRESIDENT
- Total calculated
- $970,284
- From this org
- $0
- From related orgs
- $851,814
- Other
- $118,470
- Hours/week
- 0.1 + 48.9 related
Schedule J breakdown matched by us
- Base
- $0 + $659,376 related
- Bonus
- $0 + $175,200 related
- Other
- $0 + $17,238 related
- Deferred
- $0 + $73,483 related
- Nontaxable benefits
- $0 + $44,987 related
- Filer's total
- $0 + $970,284 related
-
MARTY LITTREL
VICE PRESIDENT
- Total calculated
- $34,000
- From this org
- $0
- From related orgs
- $34,000
- Other
- $0
- Hours/week
- 0.1 + 4.5 related
-
OLIVER COX
SECOND VICE PRESIDENT
- Total calculated
- $210,048
- From this org
- $0
- From related orgs
- $157,026
- Other
- $53,022
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $153,493 related
- Bonus
- $0 + $2,725 related
- Other
- $0 + $808 related
- Deferred
- $0 + $23,648 related
- Nontaxable benefits
- $0 + $29,374 related
- Filer's total
- $0 + $210,048 related
-
RANDY SHAW
DIRECTOR
- Total calculated
- $12,400
- From this org
- $0
- From related orgs
- $12,400
- Other
- $0
- Hours/week
- 0.1 + 3.4 related
-
TIMOTHY VELDE
DIRECTOR
- Total calculated
- $25,250
- From this org
- $0
- From related orgs
- $25,250
- Other
- $0
- Hours/week
- 0.1 + 15.7 related
-
JESSICA HEALY
SECRETARY
- Total calculated
- $312,397
- From this org
- $0
- From related orgs
- $269,007
- Other
- $43,390
- Hours/week
- 1 + 45 related
Schedule J breakdown matched by us
- Base
- $0 + $258,994 related
- Bonus
- $0 + $5,825 related
- Other
- $0 + $4,188 related
- Deferred
- $0 + $40,608 related
- Nontaxable benefits
- $0 + $2,782 related
- Filer's total
- $0 + $312,397 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
- 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)
- Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
- NRECA GROSSES UP PAYMENTS MADE TO STAFF THAT ARE ELIGIBLE UNDER THE EXECUTIVE 401(K) BONUS PLAN AND ELIGIBLE RELOCATION EXPENSES.
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- 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.
-
NATIONAL RURAL ELECTRIC COOP ASSOCIATION
501(c)(6) · TRADE ASSOC. · VA
Directly controlled by NA
-
GLENN ENGLISH NAT'L LEADERSHIP COOP FDN
501(c)(3) · AWARDING OF SCHOLARSHIPS · VA
Directly controlled by NRECA
-
501(c)(3) · ELECTRIC GRID SCIENTIFIC RESEARCH · VA
Directly controlled by NRECA
-
501(c)(3) · INTERNATIONAL RURAL ELECTRIFICATION · 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.
-
Cooperating INSURANCE SERVICES
C Corporation · INSURANCE AGENT · VA
Directly controlled by NRECA UNITED INC
-
C Corporation · LIFE & HOSPITALIZATION INSURANCE
Directly controlled by NRECA UNITED INC
-
COOPERATIVE BENEFITS ADMINISTRATORS
C Corporation · CLAIMS ADMINISTRATOR
Directly controlled by NRECA UNITED INC
-
C Corporation · SOFTWARE INTEGRATION DEVELOPMENT
Directly controlled by NRECA UNITED INC
-
HOMESTEAD FINANCIAL SERVICES CORP
C Corporation · INVESTMENT BROKER
Directly controlled by NRECA UNITED INC
-
C Corporation · INVESTMENT ADVISER
Directly controlled by RE INVESTMENT CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 November 2025
- IRS schema version
- 2024v5.1
- Source object
- 202503199349303230
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