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Nonprofiteer
← NRECA RESEARCH

Form 990 for tax year 2024

Filed by NRECA RESEARCH.

Totals

Total revenue
$11,429,821
Total expenses
$11,412,582
Contributions and grants received
$3,638,757
Grants paid
$0
Program service revenue
$7,802,322
Investment income
-$11,258
Other revenue
$0
Total assets, end of year
$2,854,165
Total liabilities, end of year
$2,854,165
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$11,342,124
Management and general expenses
$70,458
Fundraising expenses
$0
Program service expenses (Part III)
$11,342,124

Program services were 99.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DIGNA LOUIS

    SECRETERY/TREASURER

    Total calculated
    $802,983
    From this org
    $0
    From related orgs
    $674,553
    Other
    $128,430
    Hours/week
    1.1 + 45.9 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

  • JEFFREY CONNOR

    CHIEFT OPERATING OFFICER

    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

  • JIM 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 + 48.8 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

  • ANGELA STRICKLAND

    VICE PRESIDENT

    Total calculated
    $592,415
    From this org
    $0
    From related orgs
    $462,098
    Other
    $130,317
    Hours/week
    13.4 + 37.6 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

  • JESSICA HEALY

    ASST. SECRETARY

    Total calculated
    $312,397
    From this org
    $0
    From related orgs
    $269,007
    Other
    $43,390
    Hours/week
    0.2 + 45.8 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

  • CARTER MANUCY

    SR. DIRECTOR, CYBERSECURITY

    Total calculated
    $305,863
    From this org
    $0
    From related orgs
    $230,859
    Other
    $75,004
    Hours/week
    28.9 + 11.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,859 related
    Bonus
    $0 + $4,775 related
    Other
    $0 + $1,225 related
    Deferred
    $0 + $30,771 related
    Nontaxable benefits
    $0 + $44,233 related
    Filer's total
    $0 + $305,863 related

  • ACHOL DENG

    Principal Program Manager

    Total calculated
    $237,633
    From this org
    $0
    From related orgs
    $210,928
    Other
    $26,705
    Hours/week
    34.4 + 6.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,664 related
    Bonus
    $0 + $4,600 related
    Other
    $0 + $664 related
    Deferred
    $0 + $6,839 related
    Nontaxable benefits
    $0 + $19,866 related
    Filer's total
    $0 + $237,633 related

  • DAVID PINNEY

    Principal Analytical Tools & Software Products

    Total calculated
    $267,155
    From this org
    $0
    From related orgs
    $220,308
    Other
    $46,847
    Hours/week
    30.9 + 9.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,665 related
    Bonus
    $0 + $3,225 related
    Other
    $0 + $418 related
    Deferred
    $0 + $29,077 related
    Nontaxable benefits
    $0 + $17,770 related
    Filer's total
    $0 + $267,155 related

  • JUSTIN LUEBBERT

    Sr. Manager, Cybersecurity

    Total calculated
    $292,939
    From this org
    $0
    From related orgs
    $210,736
    Other
    $82,203
    Hours/week
    31.8 + 8.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,560 related
    Bonus
    $0 + $8,400 related
    Other
    $0 + $776 related
    Deferred
    $0 + $40,892 related
    Nontaxable benefits
    $0 + $41,311 related
    Filer's total
    $0 + $292,939 related

  • LAUREN KHAIR

    Sr. Director, Energy Research & Resilence

    Total calculated
    $251,624
    From this org
    $0
    From related orgs
    $209,228
    Other
    $42,396
    Hours/week
    30.2 + 10.1 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,671 related
    Bonus
    $0 + $6,125 related
    Other
    $0 + $432 related
    Deferred
    $0 + $24,591 related
    Nontaxable benefits
    $0 + $17,805 related
    Filer's total
    $0 + $251,624 related

  • RYAN NEWLON

    Principal Cyber Security Solution

    Total calculated
    $285,426
    From this org
    $0
    From related orgs
    $207,880
    Other
    $77,546
    Hours/week
    29.6 + 10.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,361 related
    Bonus
    $0 + $7,750 related
    Other
    $0 + $769 related
    Deferred
    $0 + $34,067 related
    Nontaxable benefits
    $0 + $43,479 related
    Filer's total
    $0 + $285,426 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
  • 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 Tax indemnification and gross-up payments
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 4b Supplemental nonqualified retirement plan
THE FOLLOWING CURRENT OFFICERS RECEIVED PAYMENTS OR HAVE DEFERRED COMPENSATION FROM AN EXECUTIVE NONQUALIFIED RETIREMENT PLAN. THE 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.

Related corporations and trusts

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

  • COOPERATIVE INSURANCE SERVICES

    C Corporation · INSURANCE AGENT · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NRECA UNITED INC

  • NRECA UNITED HOLDINGS

    C Corporation · LIFE & HOSPITALIZATION INSURANCE · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NRECA UNITED INC

  • COOPERATIVE BENEFIT ADMINISTRATORS

    C Corporation · CLAIMS ADMINISTRATOR · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NRECA UNITED INC

  • COOPERATING ENERGY SERVICES

    C Corporation · SOFTWARE INTEGRATION DEVELOPMENT · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NRECA UNITED INC

  • HOMESTEAD FINANCIAL SERVICES CORP

    C Corporation · INVESTMENT BROKER · VA · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NRECA UNITED INC

  • HOMESTEAD ADVISERS CORP

    C Corporation · INVESTMENT ADVISER · VA · 0% owned · share of income $0 · share of assets $0

    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
202533199349303048

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