2024-10-16T11:28:49-05:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 470394033 NEBRASKA RURAL ELECTRIC ASSOCIATION NEBR 4024754988 PO BOX 82048 LINCOLN NE 68501 RICHARD NELSON GENERAL MANAGER 4024754988 2024-10-15 1 1 LAURIE HANSON CPA P00851848 6053391999 2024-10-15 2023 2024-10-15 13:58:12Z RICHARD NELSON PO BOX 82048 LINCOLN NE 68501 2926668 0 X WWW.NREA.ORG X 1935 NE SUPPORTS MEMBERS BY PROVIDING ESSENTIAL SERVICES RELATED TO ELECTRIFICATION. 34 34 5 0 87900 0 1741960 1780946 885942 1052585 14300 72126 49665 21011 2691867 2926668 0 0 0 0 731745 751868 0 0 0 1751763 2176011 2483508 2927879 208359 -1211 2037686 2166138 316390 358816 1721296 1807322 PROVIDE VALUE AND SUPPORT THROUGH ESSENTIAL SERVICES. 0 0 THE TRADE ASSOCIATION HAS 34 RURAL ELECTRIC SYSTEMS THAT PROVIDE ELECTRIC SERVICES IN RURAL AREAS AND SMALL TOWNS IN NEBRASKA. NEBRASKA RURAL ELECTRIC ASSOCIATION PROVIDES THEIR MEMBER-SYSTEMS WITH MAGAZINE, DIRECTORY, AND PUBLIC RELATIONS SUPPORT; JOB TRAINING, EDUCATION AND SAFETY; ADVOCACY AND REGULATORY COMPLIANCE; AND OTHER SPECIAL SERVICES RELATED TO ELECTRIFICATION. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 40 0 1 5 1 1 1 0 0 0 0 0 0 0 X 34 34 0 1 0 0 1 1 0 1 1 0 0 0 1 0 1 1 0 0 1 0 X THE ORGANIZATION 4024754988 PO BOX 82048 LINCOLN NE 68501 X AC HECOX PRESIDENT 2.00 X X 4600 0 0 GREG STREHLE VICE PRESIDENT 2.00 X X 2400 0 0 KEVIN THOMAS DIRECTOR 2.00 X X 600 0 0 BRENT EVANS DIRECTOR 1.00 X 1200 0 0 DAVID WOODS DIRECTOR 1.00 X 1400 0 0 MARCUS MILANUK DIRECTOR 1.00 X 1400 0 0 MICHAEL WILLIAMS DIRECTOR 1.00 X 1000 0 0 BRYAN MONAHAN DIRECTOR 1.00 X 1400 0 0 ROBERT GRAY JR DIRECTOR 1.00 X 1400 0 0 MERLIN PRIOR DIRECTOR 1.00 X 1200 0 0 RON STECH DIRECTOR 1.00 X 800 0 0 HARRY WALAHOSKI DIRECTOR 1.00 X 1200 0 0 DAVID KEENER DIRECTOR 1.00 X 1200 0 0 JUSTIN BRICKNER DIRECTOR 1.00 X 1400 0 0 DAN SCHEER DIRECTOR 1.00 X 800 0 0 STEWART HUNEKE DIRECTOR 1.00 X 1400 0 0 JERRY CHILDERS DIRECTOR 1.00 X 1400 0 0 MARK BLAZEK DIRECTOR 1.00 X 1400 0 0 MARK BECKER DIRECTOR 1.00 X 1200 0 0 JAMES LEE DIRECTOR 1.00 X 1200 0 0 DENNIS WHITE DIRECTOR 1.00 X 1400 0 0 MARK KNAUB DIRECTOR 1.00 X 1000 0 0 KEN STREY DIRECTOR 1.00 X 0 0 0 LLOYD RAMSEY DIRECTOR 1.00 X 1200 0 0 VANCE MCCOY SECRETARY/TREASURER 2.00 X 1600 0 0 RANDY PAPENHAUSEN DIRECTOR 1.00 X 1000 0 0 DOUGLAS OERTWICH DIRECTOR 1.00 X 600 0 0 DENNIS KUCHAR DIRECTOR 1.00 X 200 0 0 RICHARD KILDOW DIRECTOR 1.00 X 600 0 0 JIM RUGGLES DIRECTOR 1.00 X 600 0 0 TERRY STROPE DIRECTOR 1.00 X 400 0 0 CHANCE BRISCOE DIRECTOR 1.00 X 0 0 0 VERNON KUHNEL DIRECTOR 1.00 X 1000 0 0 RICHARD NELSON GENERAL MANAGER 40.00 X 0 0 0 RACHAEL BLACK DIRECTOR OF ADMINISTRATIVE SERVICES & EVENTS 40.00 X 115841 0 59747 JAMES DUKESHERER DIRECTOR OF GOVERNMENT REL 40.00 X 111983 0 51808 266024 0 111555 2 0 1 0 NORTHEAST COMMUNITY COLLEGE PO BOX 469 NORFOLK NE 68702 CONTRACT LABOR 334909 ARADIUS 4700 F ST OMAHA NE 681171482 MAGAZINE PRODUCTION/PRINTING 237289 CUSTER PPD 625 EAST SOUTH EAST ST BROKEN BOW NE 688220010 GENERAL MANAGER CONTRACT 225000 BLANKENAU WILMOTH JARECKE LLP 1023 LINCOLN MALL STE 201 LINCOLN NE 68508 LEGAL SERVICES 104634 4 1757896 23050 1780946 MAGAZINE REVENUE 513120 498863 410963 87900 MEETING & EDUCATION 513120 465526 465526 LOSS CONTROL PARTICIPA 513120 88196 88196 1052585 72126 72126 MISCELLANEOUS REVENUE 900099 21011 21011 21011 2926668 964685 87900 93137 X 38200 463405 116956 89516 43791 225000 64871 79249 9499 583352 39592 23577 20965 62356 54993 454691 31346 16931 MAGAZINE EXPENSES 462332 DUES & SUBSCRIPTIONS 26436 EQUIPMENT EXPENSES 17241 MISCELLANEOUS EXPENSE 3580 2927879 1295864 1369126 169260 143484 3004 116963 957772 455265 537292 502507 1250 1250 31016 32808 2037686 2166138 182491 249537 133899 109279 316390 358816 X 1721296 1807322 1721296 1807322 2037686 2166138 X -1211 87237 X 0 1 X 1 0 1 0 0 40000 40000 736752 306649 430103 181020 148616 32404 502507 ASSOCIATED GROUPS LIABILITY 91715 CAPITAL LEASE LIABILITY 17564 109279 X 2926668 0 2926668 0 2926668 2927879 0 2927879 0 2927879 PART X, LINE 2: THE ASSOCIATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ASSOCIATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. X 0 0 0 RACHAEL BLACK DIRECTOR OF ADMINISTRATIVE SERVICES & EVENTS 111328 0 0 0 4513 0 30673 0 31205 0 177719 0 0 0 JAMES DUKESHERER DIRECTOR OF GOVERNMENT REL 111983 0 0 0 0 0 24408 0 29528 0 165919 0 0 0 SCHEDULE J, PART II PER THE INSTRUCTIONS, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN RATHER THAN THE ACTUAL EMPLOYER CONTRIBUTION TO THE PLAN. THE CHANGE IN ACTUARIAL VALUE MAY BE MORE OR LESS THAN THE ACTUAL CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE PRESIDENT, VICE PRESIDENT/SECRETARY, AND TREASURER. THE EXECUTIVE COMMITTEE HOLDS THE POWER TO CALL A SPECIAL MEETING OF THE BOARD AND MAKE DECISIONS WHEN IT'S NOT PRACTICABLE TO CONSIDER EMERGENT MATTERS AT A REGULAR OR SPECIAL BOARD MEETING. FORM 990, PART VI, SECTION A, LINE 3 RICHARD NELSON SERVES AS THE GENERAL MANAGER FOR NEBRASKA RURAL ELECTRIC ASSOCIATION UNDER A MANAGEMENT AGREEMENT WITH CUSTER PUBLIC POWER DISTRICT. CUSTER PUBLIC POWER DISTRICT RECEIVED $225,000 AS A MANAGEMENT FEE IN 2023. THE COMPENSATION RICHARD NELSON RECEIVED FROM CUSTER PUBLIC POWER DISTRICT FOR SERVICES PROVIDED TO NREA HAS NOT BEEN QUANTIFIED. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS VOTING AND NON-VOTING MEMBERS. EACH PUBLIC POWER DISTRICT, ELECTRIC COOPERATIVE AND/OR MEMBERSHIP ASSOCIATION OR CORPORATION DOMICILED OR DOING BUSINESS IN NEBRASKA, AND MAINTAINING AN ELECTRIFICATION SYSTEM, OR WHICH GENERATES OR CONTRACTS FOR THE SALE OR PURCHASE OF ELECTRICITY WHICH IS USED BY SUCH ELECTRIFICATION SYSTEMS, SHALL BE ENTITLED TO MEMBERSHIP IN THE NEBRASKA RURAL ELECTRIC ASSOCIATION UPON APPROVAL OF THE NREA BOARD OF DIRECTORS AND COMPLIANCE WITH THE REQUIREMENTS AS SET FORTH IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A EACH VOTING MEMBER OF THE ASSOCIATION ANNUALLY ELECTS A REPRESENTATIVE WHO SHALL BE THEIR NREA DELEGATE. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE REVIEWS FORM 990 BEFORE IT IS FILED WITH THE IRS. THE EXECUTIVE COMMITTEE RECEIVES A COPY, ANYONE AT THE BOARD MEETING WHERE IT IS PRESENTED WILL HAVE ACCESS TO A COPY. COPIES WILL NOT BE PROVIDED TO THOSE NOT IN ATTENDANCE UNLESS REQUESTED. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS OF INTERESTS ARE REVIEWED BY THE BOARD OF DIRECTORS. THE BOARD MUST PROVIDE THE DIRECTOR WITH THE OPPORTUNITY TO DEFEND THEIR POTENTIAL CONFLICT AND DETERMINE WHETHER THE DIRECTOR HAS COMPLIED WITH THE POLICY. IF THE DIRECTOR DID NOT COMPLY WITH THE POLICY, THEN THE BOARD ALLOWS THIRTY DAYS TO COMPLY OR THE BOARD WILL SANCTION, DISQUALIFY, AND/OR REMOVE THE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15B THE GENERAL MANAGER'S COMPENSATION IS DETERMINED BY A CONTRACTUAL ARRANGEMENT WITH THE CUSTER PUBLIC POWER DISTRICT. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VII PER THE INSTRUCTIONS, COLUMN F INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN RATHER THAN THE ACTUAL EMPLOYER CONTRIBUTION TO THE PLAN. THE CHANGE IN ACTUARIAL VALUE MAY BE MORE OR LESS THAN THE ACTUAL CONTRIBUTION. FORM 990, PART IX, LINE 11G PROFESSIONAL/CONTRACTED FEES 583,352. FORM 990, PART XI, LINE 9: RESTATED 2022 UNDESIGNATED NET ASSETS WITHOUT DONOR RESTRICTIONS 87,237.