2023-11-07T08:10:13-06:00 2022-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2022-01-01 470394033 NEBRASKA RURAL ELECTRIC ASSOCIATION NEBR 4024754988 PO BOX 82048 LINCOLN NE 68501 RICHARD NELSON GENERAL MANAGER 4024754988 2023-11-06 1 RICHARD NELSON XXX-XX-XXXX 1 LAURIE HANSON CPA P00851848 6053391999 2023-11-06 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD NELSON PO BOX 82048 LINCOLN NE 68501 2691867 0 X WWW.NREA.ORG X 1935 NE SUPPORTS MEMBERS BY PROVIDING ESSENTIAL SERVICES RELATED TO ELECTRIFICATION. 34 34 5 0 42300 0 1725597 1741960 540745 885942 7832 14300 161093 49665 2435267 2691867 0 0 0 0 902559 731745 0 0 0 1419306 1751763 2321865 2483508 113402 208359 1967725 2037686 347314 316390 1620411 1721296 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 42 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 RACHAEL BLACK DIRECTOR OF ADMINISTRATIVE SERVICES & EVENTS 40.00 X 105627 0 69287 JAMES DUKESHERER DIRECTOR OF GOVERNMENT RELATIONS 40.00 X 102018 0 60975 AC HECOX PRESIDENT 2.00 X X 2600 0 0 GREG STREHLE VICE PRESIDENT/SECRETARY 2.00 X X 2600 0 0 KEVIN THOMAS TREASURER 2.00 X X 1500 0 0 BRENT EVANS DIRECTOR 1.00 X 1000 0 0 DAVID WOODS DIRECTOR 1.00 X 1000 0 0 MARCUS MILANUK DIRECTOR 1.00 X 1000 0 0 MICHAEL WILLIAMS DIRECTOR 1.00 X 900 0 0 BRYAN MONAHAN DIRECTOR 1.00 X 900 0 0 ROBERT GRAY JR DIRECTOR 1.00 X 850 0 0 MERLIN PRIOR DIRECTOR 1.00 X 850 0 0 RON STECH DIRECTOR 1.00 X 850 0 0 HARRY WALAHOSKI DIRECTOR 1.00 X 850 0 0 DAVID KEENER DIRECTOR 1.00 X 800 0 0 JUSTIN BRICKNER DIRECTOR 1.00 X 800 0 0 DAN SCHEER DIRECTOR 1.00 X 800 0 0 STEWART HUNEKE DIRECTOR 1.00 X 800 0 0 JERRY CHILDERS DIRECTOR 1.00 X 750 0 0 MARK BLAZEK DIRECTOR 1.00 X 750 0 0 MARK BECKER DIRECTOR 1.00 X 700 0 0 JAMES LEE DIRECTOR 1.00 X 700 0 0 DENNIS WHITE DIRECTOR (BEG 03/2022) 1.00 X 700 0 0 MARK KNAUB DIRECTOR 1.00 X 600 0 0 KEN STREY DIRECTOR (BEG 03/2022) 1.00 X 500 0 0 LLOYD RAMSEY DIRECTOR 1.00 X 500 0 0 VANCE MCCOY DIRECTOR 1.00 X 400 0 0 RANDY PAPENHAUSEN DIRECTOR 1.00 X 400 0 0 DOUGLAS OERTWICH DIRECTOR 1.00 X 300 0 0 DENNIS KUCHAR DIRECTOR 1.00 X 300 0 0 RICHARD KILDOW DIRECTOR 1.00 X 300 0 0 JIM RUGGLES DIRECTOR 1.00 X 250 0 0 LARRY KUBIK DIRECTOR (END 03/2022) 1.00 X 100 0 0 TOM SCHLACK DIRECTOR 1.00 X 0 0 0 TERRY STROPE DIRECTOR 1.00 X 0 0 0 CHANCE BRISCOE DIRECTOR 1.00 X 0 0 0 VERNON KUHNEL DIRECTOR 1.00 X 0 0 0 SANDRA HENDREN DIRECTOR (END 03/2022) 1.00 X 0 0 0 RICK NELSON GENERAL MANAGER 40.00 X 0 0 0 232995 0 130262 2 0 1 0 BLANKENAU WILMOTH JARECKE LLP 1023 LINCOLN MALL STE 201 LINCOLN NE 68508 LEGAL SERVICES 123500 NORTHEAST COMMUNITY COLLEGE PO BOX 469 NORFOLK NE 68702 CONTRACT LABOR 113624 3 1741960 1741960 MAGAZINE REVENUE 513120 542813 500513 42300 MEETING & EDUCATION 513120 259922 259922 LOSS CONTROL PARTICIPA 513120 83207 83207 885942 14300 14300 MISCELLANEOUS REVENUE 900099 49665 49665 49665 2691867 843642 42300 63965 X 25350 463772 145748 64411 32464 75000 83981 14478 6840 541528 31928 166844 17660 49587 54909 334347 4257 18978 MAGAZINE EXPENSES 282394 DUES & SUBSCRIPTIONS 40305 EQUIPMENT EXPENSES 20477 MISCELLANEOUS EXPENSE 5568 2682 2483508 1358283 1295864 41867 169260 4193 3244 3004 961916 424624 558888 537292 1250 1250 0 31016 1967725 2037686 81353 182491 262452 3509 0 133899 347314 316390 X 1512937 1721296 107474 0 1620411 1721296 1967725 2037686 X 208359 -107474 X 0 1 X 1 0 1 0 0 40000 40000 736752 285755 450997 185164 138869 46295 537292 ASSOCIATED GROUPS LIABILITY 102882 CAPITAL LEASE LIABILITY 23618 OPERATING LEASE LIABILITY 7399 133899 X 2691867 0 2691867 0 2691867 2483508 0 2483508 0 2483508 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 105627 0 0 0 0 0 43844 0 27476 0 176947 0 0 0 JAMES DUKESHERER DIRECTOR OF GOVERNMENT RELATIONS 102018 0 0 0 0 0 35533 0 27351 0 164902 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 RICK NELSON SERVED AS THE INTERIM GENERAL MANAGER FOR NEBRASKA RURAL ELECTRIC ASSOCIATION UNDER A MANAGEMENT AGREEMENT WITH RKN INVESTMENTS. RICK NELSON RECEIVED $60,000 AS A MANAGEMENT FEE FOR THOSE SERVICES. RICK 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 $75,000 AS A MANAGEMENT FEE IN 2022. THE COMPENSATION RICK 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. 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 541,528. FORM 990, PART XI, LINE 9: ASSETS RELEASED FROM DONOR RESTRICTIONS -107,474.