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Nonprofiteer
← NRECA INTERNATIONAL LTD

Form 990 for tax year 2024

Filed by NRECA INTERNATIONAL LTD.

Totals

Total revenue
$18,733,174
Total expenses
$19,213,067
Contributions and grants received
$3,982,347
Grants paid
$0
Program service revenue
$14,661,825
Investment income
$114,321
Other revenue
-$25,319
Total assets, end of year
$10,805,636
Total liabilities, end of year
$7,695,691
Net assets or fund balances, end of year
$3,109,945
Program services expenses (Part IX)
$18,419,531
Management and general expenses
$598,232
Fundraising expenses
$195,304
Program service expenses (Part III)
$18,419,531

Program services were 95.9% 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.

  • 1e · Government grants (contributions)

    $3,486,405

  • 1f · All other contributions, gifts and grants

    $495,942

  • 2a · Program service revenue: TECHNICAL, MANAGEMENT & SUPERVISORY SERV

    total $11,220,534 · related or exempt $11,220,534

  • 2b · Program service revenue: ELEC. DEVELOPMENT, ENGINEERING/TE

    total $1,962,217 · related or exempt $1,962,217

  • 2c · Program service revenue: COOP FUNDED VOL PROJECTS

    total $919,522 · related or exempt $919,522

  • 2d · Program service revenue: GIS & GEA

    total $536,335 · related or exempt $536,335

  • 2e · Program service revenue: OTHER PROGRAM SERVICE REVENUE

    total $23,217 · related or exempt $23,217

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $144,813 · excluded $144,813

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets -$30,492

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

    other assets $0

  • 7c · Gain or loss

    securities $0 · other assets -$30,492

  • 7d · Net gain or loss

    total -$30,492 · excluded -$30,492

  • 8a · Fundraising events: gross income

    $131,964

  • 8b · Fundraising events: direct expenses

    $157,283

  • 8c · Net income from fundraising events

    total -$25,319 · excluded -$25,319

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $774,172 · program services $531,719 · management and general $242,453

  • 7 · Other salaries and wages

    total $3,467,325 · program services $2,557,056 · management and general $863,321 · fundraising $46,948

  • 8 · Pension plan contributions

    total $348,218 · management and general $348,218

  • 9 · Other employee benefits

    total $467,318 · program services $761,939 · management and general -$310,755 · fundraising $16,134

  • 10 · Payroll taxes

    total $124,106 · program services $74,265 · management and general $47,650 · fundraising $2,191

  • 11b · Fees: legal

    total $45,020 · program services $39,105 · management and general $1,351 · fundraising $4,564

  • 11c · Fees: accounting

    total $24,852 · program services $1,572 · management and general $23,280

  • 11g · Fees: other

    total $3,276,316 · program services $3,105,285 · management and general $146,345 · fundraising $24,686

  • 12 · Advertising and promotion

    total $5,842 · program services $5,842

  • 13 · Office expenses

    total $184,318 · program services $142,326 · management and general $36,640 · fundraising $5,352

  • 14 · Information technology

    total $152,953 · management and general $152,953

  • 16 · Occupancy

    total $395,558 · program services $322,371 · management and general $73,187

  • 17 · Travel

    total $1,259,955 · program services $1,165,775 · management and general $80,439 · fundraising $13,741

  • 19 · Conferences, conventions and meetings

    total $59,650 · program services $21,229 · management and general $37,908 · fundraising $513

  • 22 · Depreciation, depletion and amortization

    total $23,662 · program services $653 · management and general $23,009

  • 23 · Insurance

    total $127,071 · program services $13,867 · management and general $113,204

  • 24a · Other expenses: PROJECT EQUIPMENT & MATERIALS

    total $6,323,522 · program services $6,292,580 · management and general $30,942

  • 24b · Other expenses: NRECA G&A ALLOC. CHRGS

    total $1,330,152 · program services $60,955 · management and general $1,269,197

  • 24c · Other expenses: OTHER OPERATING EXPENSE

    total $773,296 · program services $646,168 · management and general $121,552 · fundraising $5,576

  • 24d · Other expenses: ALLOC INDIRECT EXP TO DIRECT

    total $49,761 · program services $2,676,824 · management and general -$2,702,662 · fundraising $75,599

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,686,265 · end of year $6,960,435

  • 3 · Pledges and grants receivable

    beginning of year $423,384 · end of year $586,622

  • 4 · Accounts receivable

    beginning of year $2,900,943 · end of year $3,140,784

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,431 · end of year $63,192

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

    $344,490

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

    $289,887

  • 10c · Land, buildings and equipment, net

    beginning of year $66,189 · end of year $54,603

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $1,652,960

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,891,808 · end of year $3,498,587

  • 19 · Deferred revenue

    beginning of year $4,685,098 · end of year $4,088,598

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $109,924 · end of year $108,506

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,090,342 · end of year $3,109,945

Mission and programs · 2024

Mission

TO FURNISH SERVICES IN CONNECTION WITH THE COORDINATION, ADVANCEMENT AND DEVELOPMENT OF RURAL ELECTRIFICATION IN ALL PARTS OF THE WORLD.

Activities or mission (Part I)

THE ADVANCEMENT OF RURAL ELECTRIFICATION IN DEVELOPING COUNTRIES BY PROVIDING TECHNICAL ASSISTANCE TO GOVERNMENT AGENCIES, COMMUNITIES AND PRIVATE ENTITIES LOCATED IN DEVELOPING COUNTRIES.

  • TECHNICAL, MANAGEMENT AND SUPERVISORY RURAL ELECTRIFICATION ENGINEERING SERVICES. THESE PROGRAMS PROVIDE RURAL ELECTRIFICATION ENGINEERING MANAGEMENT & SUPERVISORY ASSISTANCE TO CUSTOMERS. IN 2024, THE ORGANIZATION PROVIDED SUPERVISORY AND TECHNICAL ADVISORY SERVICES TO SEVERAL OPERATING COOPERATIVES AND FOREIGN AGENCIES IN BURUNDI, NIGERIA AND MOZAMBIQUE. IN HAITI, NRECA INTERNATIONAL PROVIDED DIRECT UTILITY MANAGEMENT SERVICES FOR THE GOVERNMENT OF HAITI TO AN EXISTING OPERATING UTILITY.

    Expenses $10,878,774 · Revenue $11,220,534

  • RURAL ELECTRIFICATION DEVELOPMENT- SPECIALIZED ENGINEERING/TECHNICAL ASSISTANCE, SURVEYS & STUDIES PROGRAMS. THESE PROGRAMS PROVIDE VARIOUS TYPES OF RURAL ELECTRIFICATION ENGINEERING, TECHNICAL SURVEYS & ASSISTANCE TO GOVERNMENTS, AGENCIES, COMMUNITIES AND PRIVATE ENTITIES LOCATED IN DEVELOPING COUNTRIES. DURING 2024, NRECA INTERNATIONAL PROVIDED VARIOUS TYPES OF SPECIALIZED ENGINEERING TECHNICAL SUPPORT AND ASSISTED WITH RURAL ELECTRIFICATION DEVELOPMENT IN THE FOLLOWING COUNTRIES: BURUNDI, DEMOCRATIC REPUBLIC OF CONGO, GUATEMALA, LESOTHO, LIBERIA, MALAWI, MADAGASCAR, PHILIPPINES, RWANDA, UGANDA, ZAMBIA, AND ZIMBABWE.

    Expenses $5,502,945 · Revenue $1,962,217

  • OVERSEAS COOPERATIVE SPONSORED PROGRAM

    Expenses $1,279,799 · Revenue $919,522

  • GIS(GEOSPATIAL INFORMATION SYSTEM) & GEA(GEOSPATIAL ELECTRIFICATION ANALYSIS) CONSULTING SERVICES. THESE PROGRAM SERVICES PROVIDE VARIOUS TYPES OF GIS & GEA ENGINEERING ELECTRIFICATION MAPPING & SURVEY ASSISTANCE PRIMARILY TO GOVERNMENTS, FOREIGN AGENCIES AND LOCAL COMMUNITIES LOCATED IN DEVELOPING COUNTRIES. SOME OF THE GOALS ARE TO IMPROVE A UTILITIES CURRENT EXISTING ELECTRICAL SERVICE AREAS, UPGRADE EXISTING TYPES OF POWER GENERATION OR TO PROVIDE NEW ELECTRIFICATION MAPPING DATA INFORMATION FOR A UTILITIES EXPANSION OR INITIAL START OF ELECTRICAL SERVICE.

    Expenses $422,941 · Revenue $536,335

  • ALL OTHER PROGRAM SERVICES

    Expenses $335,072 · Revenue $23,217

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bryan Case

    DIRECTOR

    Total calculated
    $41,200
    From this org
    $0
    From related orgs
    $41,200
    Other
    $0
    Hours/week
    0.2 + 7.6 related

  • Christopher Hamon

    DIRECTOR

    Total calculated
    $27,000
    From this org
    $0
    From related orgs
    $27,000
    Other
    $0
    Hours/week
    0.2 + 5.9 related

  • Danny Berthelot

    DIRECTOR

    Total calculated
    $29,200
    From this org
    $0
    From related orgs
    $29,200
    Other
    $0
    Hours/week
    0.2 + 5.4 related

  • David Iha

    DIRECTOR

    Total calculated
    $33,700
    From this org
    $0
    From related orgs
    $33,700
    Other
    $0
    Hours/week
    0.2 + 5.3 related

  • Don Douglas

    DIRECTOR

    Total calculated
    $24,500
    From this org
    $0
    From related orgs
    $24,500
    Other
    $0
    Hours/week
    0.2 + 4.4 related

  • Donnie Spivey

    DIRECTOR

    Total calculated
    $34,650
    From this org
    $0
    From related orgs
    $34,650
    Other
    $0
    Hours/week
    0.2 + 3.5 related

  • Lynn Jacobson

    DIRECTOR

    Total calculated
    $36,300
    From this org
    $0
    From related orgs
    $24,300
    Other
    $12,000
    Hours/week
    0.2 + 5.4 related

  • Mel Coleman

    DIRECTOR

    Total calculated
    $41,400
    From this org
    $0
    From related orgs
    $41,400
    Other
    $0
    Hours/week
    0.2 + 5.9 related

  • Daniel Waddle

    SENIOR VICE PRESIDENT

    Total calculated
    $514,297
    From this org
    $388,710
    From related orgs
    $0
    Other
    $125,587
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $327,636
    Bonus
    $51,363
    Other
    $9,711
    Deferred
    $88,093
    Nontaxable benefits
    $37,494
    Filer's total
    $514,297

  • Digna Louis

    TREASURER,CHIEF FINANCIAL OFFICER

    Total calculated
    $802,983
    From this org
    $0
    From related orgs
    $674,553
    Other
    $128,430
    Hours/week
    0.2 + 43.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $572,592 related
    Bonus
    $0 + $89,220 related
    Other
    $0 + $12,741 related
    Deferred
    $0 + $78,158 related
    Nontaxable benefits
    $0 + $50,272 related
    Filer's total
    $0 + $802,983 related

  • James Matheson

    PRESIDENT, CEO

    Total calculated
    $3,576,472
    From this org
    $0
    From related orgs
    $2,946,380
    Other
    $630,092
    Hours/week
    0.2 + 47.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,580,002 related
    Bonus
    $0 + $996,101 related
    Other
    $0 + $370,277 related
    Deferred
    $0 + $581,572 related
    Nontaxable benefits
    $0 + $48,520 related
    Filer's total
    $0 + $3,576,472 related

  • Jeffrey Connor

    VICE PRESIDENT

    Total calculated
    $970,284
    From this org
    $0
    From related orgs
    $851,814
    Other
    $118,470
    Hours/week
    0.2 + 48.8 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

  • Jessica Healy

    SECRETARY

    Total calculated
    $312,397
    From this org
    $0
    From related orgs
    $269,007
    Other
    $43,390
    Hours/week
    0.2 + 45.4 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

  • Nicholas Allen

    SENIOR ENGINEER

    Total calculated
    $259,875
    From this org
    $193,189
    From related orgs
    $0
    Other
    $66,686
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $188,833
    Bonus
    $3,700
    Other
    $656
    Deferred
    $26,835
    Nontaxable benefits
    $39,851
    Filer's total
    $259,875

  • Ben Smith

    Project Director

    Total calculated
    $224,494
    From this org
    $193,751
    From related orgs
    $0
    Other
    $30,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,312
    Bonus
    $200
    Other
    $239
    Deferred
    $13,001
    Nontaxable benefits
    $17,742
    Filer's total
    $224,494

  • Francis Bergh

    SENIOR ENGINEER

    Total calculated
    $240,548
    From this org
    $179,171
    From related orgs
    $0
    Other
    $61,377
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $157,869
    Bonus
    $2,950
    Other
    $18,352
    Deferred
    $18,135
    Nontaxable benefits
    $43,242
    Filer's total
    $240,548

  • James Walsh

    DIRECTOR, BUSINESS DEVELOPMENT

    Total calculated
    $269,894
    From this org
    $184,716
    From related orgs
    $0
    Other
    $85,178
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $179,765
    Bonus
    $2,200
    Other
    $2,751
    Deferred
    $44,366
    Nontaxable benefits
    $40,812
    Filer's total
    $269,894

  • Layerenza Guillermo

    SENIOR DISTRIBUTION ENGINEER

    Total calculated
    $242,549
    From this org
    $165,174
    From related orgs
    $0
    Other
    $77,375
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,317
    Bonus
    $3,000
    Other
    $857
    Deferred
    $32,687
    Nontaxable benefits
    $44,688
    Filer's total
    $242,549

  • Maruf Hasan Bhuiyan

    Sr Engineer Distribution Planning

    Total calculated
    $215,127
    From this org
    $148,676
    From related orgs
    $0
    Other
    $66,451
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,958
    Bonus
    $200
    Other
    $518
    Deferred
    $23,671
    Nontaxable benefits
    $42,780
    Filer's total
    $215,127

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 · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Travel for companions
TRAVEL FOR COMPANIONS: NRECA INTERNATIONAL REIMBURSES THE COSTS OF TRANSPORTATION FROM AND TO THE POST OF ASSIGNMENT OF AUTHORIZED TRAVELERS. FOR ASSIGNMENTS THAT EXCEED 12 MONTHS, AUTHORIZED TRAVELERS INCLUDES EMPLOYEES, SPOUSES AND DEPENDENT CHILDREN.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments
NRECA GROSSES UP PAYMENTS MADE TO STAFF UNDER THE EXECUTIVE 401(K) BONUS PLAN AND ON ELIGIBLE RELOCATION EXPENSES.
Schedule J, Part I, Line 1a Housing allowance or residence for personal use
EXPATRIATE REGULAR EMPLOYEES MAY BE AUTHORIZED TO RECEIVE HOUSING ALLOWANCE. THE ALLOWANCE COVERS RENT, PLUS UTILITIES (HEAT, FUEL, GAS, ELECTRICITY AND WATER), IF THESE ARE NOT INCLUDED IN THE COST OF RENTAL. IN ADDITION, AN ALLOWANCE FOR BASIC FURNISHINGS, DRAPERIES AND MINOR MAINTENANCE WILL BE PROVIDED; HOWEVER, FOR ASSIGNMENTS OF SIX MONTHS BUT LESS THAN ONE YEAR, FURNISHED HOUSING IS RECOMMENDED.
Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE CEO EVALUATION COMMITTEE OF THE BOARD IS RESPONSIBLE FOR EVALUATING THE PERFORMANCE OF THE CEO. THE COMMITTEE REVIEWS COMPETITIVE SALARY SURVEY DATA PROVIDED BY HUMAN RESOURCES AND DEVELOPS A SALARY INCREASE RECOMMENDATION THAT IS PRESENTED TO THE FULL BOARD BASED ON THE CEO'S PERFORMANCE. NRECA'S HUMAN RESOURCES DEPARTMENT REVIEWS INDEPENDENT COMPENSATION STUDIES ANNUALLY TO VERIFY THE CEO'S COMPENSATION IS WITHIN A COMPETITIVE RANGE FOR CEO'S OF COMPARABLE ORGANIZATIONS AND PROVIDES THIS INFORMATION TO THE COMMITTEE. THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION ANNUALLY.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING OFFICERS RECEIVED PAYMENTS OR HAVE DEFERRED COMPENSATION FROM AN EXECUTIVE NONQUALIFIED RETIREMENT PLAN. THESE AMOUNTS ARE INCLUDED AND REPORTED IN PART II, COLUMN B AND C ACCORDINGLY: JAMES MATHESON ($287,866)

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NRECA ELECTRICITY FOR PROGRESS LLC

    TECH & RURAL · RP

    Directly controlled by NRECA INT'L

  • NRECA INTERNATIONAL NIGERIA LIMITED

    TECH & RURAL · NI

    Directly controlled by NRECA INT'L

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Cooperating Insurance Services

    C Corporation · INSURANCE AGENT · VA · 0% owned

    Directly controlled by NRECA UNITED INC

  • NRECA UNITED HOLDINGS

    C Corporation · LIFE & HOSPITALIZATION INSURANCE · VA · 0% owned

    Directly controlled by NRECA UNITED INC

  • COOPERATIVE BENEFITS ADMINISTRATORS

    C Corporation · CLAIMS ADMINISTRATOR · VA · 0% owned

    Directly controlled by NRECA UNITED INC

  • COOPERATING ENERGY SERVICES

    C Corporation · SOFTWARE INTEGRATION DEVELOPMENT · VA · 0% owned

    Directly controlled by NRECA UNITED INC

  • HOMESTEAD FINANCIAL SERVICES CORP

    C Corporation · INVESTMENT BROKER · VA · 0% owned

    Directly controlled by NRECA UNITED INC

  • HOMESTEAD ADVISERS CORP

    C Corporation · INVESTMENT ADVISER · VA · 0% owned

    Directly controlled by RE INVESTMENT CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
18 November 2025
IRS schema version
2024v5.1
Source object
202513219349325546

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