2023-11-14T16:23:49-06:00 2022-12-31 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2022-01-01 842724646 NRECA RESEARCH % DAVID SCOTT RESE 7039075960 4301 WILSON BLVD ARLINGTON VA 22203 DIGNA LOUIS SECRETARY/TREASURER 7039075960 2023-11-14 true DIGNA LOUIS 999009999 Marc Berger P01871563 7038930600 2022 2023-04-26 12:10:37Z JAMES MATHESON 4301 WILSON BLVD ARLINGTON VA 22203 9979949 false X N/A X 2019 VA THE MISSION OF NRECA RESEARCH IS TO ENGAGE IN PRIVATELY FUNDED SCIENTIFIC RESEARCH ACTIVITIES FOCUSED ON SUPPORTING,SUSTAINING AND IMPROVING THE ELECTRICAL GRID OF THE FUTURE. 4 0 0 0 0 0 5903194 3502613 7788962 6477336 1515 0 0 0 13693671 9979949 0 0 0 0 3632093 3224083 0 0 0 10061578 6755866 13693671 9979949 0 5324315 2273403 5324315 2273403 0 0 X THE MISSION OF NRECA RESEARCH IS TO ENGAGE IN PRIVATELY FUNDED SCIENTIFIC RESEARCH ACTIVITIES FOCUSED ON SUPPORTING, SUSTAINING, AND IMPROVING THE ELECTRICAL GRID OF THE FUTURE. false false 3689883 0 1907456 RESEARCH ACTIVITIES FOCUSED ON IMPROVING COOPERATIVES CYBERSECURITY DEFENSIVE MEASURES TO PROTECT THEIR COOPERATIVE AND ELECTRICAL INFRASTRUCTURE FROM CYBER ATTACKS AND OTHER MALICIOUS ACTIVITIES. 1537341 0 1537341 MEMBER OUTREACH AND STRATEGIC INITIATIVES. 1261214 0 1106725 RESEARCH ACTIVITIES FOCUSED ON IMPROVING DATA ANALYTICS, GRID OPERATIONAL RESILENCY AND RELIABILITY. 3489911 0 1925814 9978349 true true false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false true false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 4 0 true false false false false true true true true false false true true true true true true true true false VA X X DAVID SCOTT 7039075985 4301 WILSON BLVD ARLINGTON VA 22203 JAMES JIM MATHESON PRESIDENT 0.19 46.81 X X 0 3712474 915216 VENEICIA LOCKHART SECRETARY/TREASURER THRU 4/22 0.06 44.94 X X 0 870545 31255 JEFFREY CONNOR CHIEF OPERATING OFFICER 0.19 46.81 X X 0 701991 145271 DIGNA LOUIS SECRETARY/TREASURER AS OF 5/22 0.29 44.71 X X 0 347029 43457 ANGELA STRICKLAND VICE PRESIDENT AS OF 5/22 0.29 50.71 X 0 304263 9541 JESSICA HEALY ASSISTANT SECRETARY AS OF 6/22 0.19 45.81 X X 0 224819 58868 VENKAT BANUNARAYANAN VP, BTS INTEGRATED GRID 25.0 15.0 X 0 232499 50584 EMMA STEWART CHIEF SCIENTIST 37.0 9.0 X 0 256689 17279 DOUGLAS LAMBERT SR. PRINCIPAL GRID SOLUTIONS 39.0 1.0 X 0 205386 45010 DAVID PINNEY PRINCIPAL, ANALYTIC TOOLS 42.0 0.0 X 0 206086 27390 DANIEL WALSH SR. POWER SUPPLY & GENERATION 39.0 1.0 X 0 211169 20557 STANLEY MCHANN SR. RESEARCH ENGINEER-SOFTWARE 20.0 20.0 X 0 185713 40783 JAMESJIM SPIERS VICE PRESIDENT THRU 5/22 0.06 23.94 X 0 154475 15769 0 7613138 1420980 0 false true false 0 3335946 166667 166667 3502613 CYBERSECURITY PROGRAMS 541900 1907456 1907456 MEMBER OUTREACH AND STRATEGIC INIATIVES 541900 1537341 1537341 ANALYTICS, RESILIENCY, RELIABILITY 541900 1106725 1106725 GENERATION, ENVIRONMENTAL AND CARBON 541900 682647 682647 RENEWABLE AND DISTRIBUTED GENERATATION 541900 410188 410188 832979 832979 6477336 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9979949 6477336 0 X 0 0 0 0 0 0 2583454 2194427 389027 0 640629 512469 128160 0 0 -2955 -2955 23386 23386 0 0 0 3611188 3534953 76235 0 110 110 548 7 541 279135 279135 0 219900 109950 109950 288971 198458 90513 0 313092 305284 7808 0 0 28705 28705 51738 2386 49352 G&A ALLOCATED COSTS 1507798 1507798 IN-KIND CONTRIBUTION MATERIALS 166667 166667 EQUIPMENT & MATERIALS 10117 1051 9066 ALLOCATED INDIRECT COST -264254 2594377 -2858631 521720 358210 163510 9979949 9978349 1600 0 0 0 0 0 0 0 4996231 1953105 0 0 0 0 0 0 271295 271295 0 0 282035 233032 56789 49003 0 0 0 0 0 0 0 0 0 0 5324315 2273403 238471 246581 0 0 304577 45927 0 0 0 0 0 0 0 0 0 0 4781267 1980895 5324315 2273403 X 0 0 0 0 0 0 0 0 5324315 2273403 0 X false true X true true true X 0 0 4795103 5903194 3502613 14200910 0 0 0 0 4795103 5903194 3502613 14200910 0 14200910 0 0 9710 1515 0 11225 0 0 14212135 20571568 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 77098 64676 12422 204937 168356 36581 49003 0 INTERCOMPANY PAYABLE - DUE TO NRECA 1980895 1980895 X SCHEDULE D, PART X, LINE 2: NRECA RESEARCH, WHICH CONSOLIDATES TO THE NRECA ASSOCIATION FOR FINANCIAL REPORTING, HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. THE ASSOCIATION HAS ANALYZED ITS TAX POSITIONS TAKEN ON TAX RETURNS FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT NO ADDITIONAL PROVISION OR BENEFIT EXISTS. THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2019. X true true X X X X X false true false false false false false false false JAMES JIM MATHESON PRESIDENT 0 1434530 0 903594 0 1374350 0 874209 0 41007 0 4627690 0 394630 JEFFREY CONNOR CHIEF OPERATING OFFICER 0 544598 0 140200 0 17193 0 107936 0 37335 0 847262 0 0 VENEICIA LOCKHART SECRETARY/TREASURER THRU 4/22 0 155868 0 749 0 713928 0 16500 0 14755 0 901800 0 0 DIGNA LOUIS SECRETARY/TREASURER AS OF 5/22 0 303655 0 41658 0 1716 0 16500 0 26957 0 390486 0 0 ANGELA STRICKLAND VICE PRESIDENT AS OF 5/22 0 237704 0 61744 0 4815 0 7249 0 2292 0 313804 0 0 JESSICA HEALY ASSISTANT SECRETARY AS OF 6/22 0 220552 0 200 0 4067 0 57184 0 1684 0 283687 0 0 JAMESJIM SPIERS VICE PRESIDENT THRU 5/22 0 121521 0 0 0 32954 0 5584 0 10185 0 170244 0 0 EMMA STEWART CHIEF SCIENTIST 0 251367 0 1200 0 4122 0 12390 0 4889 0 273968 0 0 VENKAT BANUNARAYANAN VP, BTS INTEGRATED GRID 0 230547 0 775 0 1177 0 14018 0 36566 0 283083 0 0 DANIEL WALSH SR. POWER SUPPLY & GENERATION 0 204234 0 1150 0 5785 0 12428 0 8129 0 231726 0 0 DAVID PINNEY PRINCIPAL, ANALYTIC TOOLS 0 198584 0 7125 0 377 0 11971 0 15419 0 233476 0 0 DOUGLAS LAMBERT SR. PRINCIPAL GRID SOLUTIONS 0 193629 0 10775 0 982 0 8250 0 36760 0 250396 0 0 STANLEY MCHANN SR. RESEARCH ENGINEER-SOFTWARE 0 165495 0 16000 0 4218 0 10652 0 30131 0 226496 0 0 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 4B: THE FOLLOWING CURRENT OFFICER RECEIVED PAYMENT OR HAVE DEFERRED COMPENSATION FROM AN EXECUTIVE NONQUALIFIED RETIREMENT PLAN. THE AMOUNT IS INCLUDED AND REPORTED IN PART II, COLUMN B: JAMES MATHESON ($1,304,739). X DATA SHARING 1 166667 DONOR ASSESSMENTS false true false SCHEDULE M, PART I, COLUMN (B): SOME DONORS OF NONCASH CONTRIBUTIONS PARTICIPATE IN COST SHARING AGREEMENTS WITH NRECA RESEARCH TO SUPPORT FEDERAL AWARDS AND CONTRACTS. FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES: RESEARCH ACTIVITIES FOCUSED ON IMPROVING 1) TRANSMISSION AND DISTRIBUTION OF ELECTRICITY, 2) GENERATION, ENVIRONMENTAL AND CARBON CAPTURE METHODS, AS WELL AS, 3) MEMBER RESOURCE PROGRAMS. EXPENSES $3,489,911, INCLUDING GRANTS OF $0. REVENUE $1,925,814. FORM 990, PART VI, SECTION A, LINE 2: JAMES MATHESON, JEFFREY CONNOR AND DIGNA LOUIS HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A: THE NRECA RESEARCH BOARD OF DIRECTORS IS APPOINTED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION(NRECA) BOARD OF DIRECTORS, WHICH AT ANY NRECA BOARD MEETING, THE NRECA BOARD MAY REMOVE ANY ELECTED DIRECTOR FROM OFFICE AND ELECT A SUCCESSOR TO FILL THE RESULTING VACANCY FOR THE UNEXPIRED TERM. FORM 990, PART VI, SECTION A, LINE 7B: WHILE THE NRECA RESEARCH BOARD OF DIRECTORS(GOVERNING BODY) IS APPOINTED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION(NRECA) BOARD OF DIRECTORS, THE MAIN NRECA BOARD OF DIRECTORS ALSO HAS DECISION MAKING ABILITIES OVER THE NRECA RESEARCH BOARD GIVEN THE NRECA RESEARCH ENTITY IS A PART OF NRECA CONSOLIDATED ACTIVITIES, WHICH ARE CONTROLLED BY THE NRECA BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B: THE 2022 NRECA RESEARCH IRS FORM 990 SUPPORT DATA WAS PREPARED BY BOTH THE NRECA RESEARCH ACCOUNTANT AND THE MANAGER OF ACCOUNTING IN THE FINANCE-GRANTS & CONTRACTS DEPARTMENT. THIS SUPPORT DATA WAS THEN PROVIDED TO AN OUTSIDE TAX ACCOUNTING FIRM, VIA THEIR TAX ORGANIZER, WHO THEN PREPARED THE 2022 FORM 990 AND SCHEDULES. THEREAFTER, ANY QUESTIONS OR ADDITIONAL INFORMATION REQUESTED BY THE TAX ACCOUNTING FIRM WERE PROVIDED. ONCE COMPLETED, THE PREPARED FORM 990 WAS RETURNED TO THE MANAGER OF ACCOUNTING FOR A DETAILED REVIEW FOR ACCURACY. TO FINALIZE, THE SR. DIRECTOR OF ACCOUNTING PERFORMED A CURSORY REVIEW BEFORE PROVIDING THE 990 RETURN TO THE NRECA CHIEF FINANICAL OFFICER/NRECA RESEARCH SECRETARY/TREASURER FOR HER REVIEW AND SIGNATURE ON THE 990. THE APPROVED AND SIGNED 990 IS THEN RETURNED TO THE OUTSIDE TAX ACCOUNTING FIRM FOR FINAL REVIEW AND ELECTRONIC FILING TO THE IRS. THE COMPLETED 2022 FORM 990 WAS MADE AVAILABLE TO THE NRECA RESEARCH'S BOARD OF DIRECTORS AS NEEDED. FORM 990, PART VI, SECTION B, LINE 12C: EACH DIRECTOR AND OFFICER IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE THAT IS DISTRIBUTED FROM NRECA. THIS IS THEN REVIEWED BY SENIOR STAFF AND THE CORPORATE LEGAL COUNSEL OFFICE AT NRECA AND ANY CONFLICTS ARE FOLLOWED-UP BY NRECA CORPORATE LEGAL COUNSEL WITH THE RESPECTIVE DIRECTOR OR OFFICER TO RESOLVE. FORM 990, PART VI, SECTION B, LINE 15: CEO COMPENSATION: THE NRECA CEO EVALUATION COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR EVALUATING THE PERFORMANCE OF THE CEO, AN OUTSIDE CONSULTANT ANNUALLY REVIEWS INDEPENDENT COMPENSATION STUDIES TO VERIFY THE NRECA CEO'S COMPENSATION IS WITHIN A COMPETITIVE RANGE FOR CEO'S OF COMPARABLE ORGANIZATIONS. THIS INFORMATION IS THEN SHARED WITH THE NRECA CEO EVALUATION COMMITTEE WHICH THEN DEVELOPS THE SALARY (AND ANY RECOMMENDED ANNUAL INCREASES) THAT IS PRESENTED TO THE FULL NRECA BOARD OF DIRECTORS FOR REVIEW AND APPROVAL ANNUALLY. OFFICERS & KEY EMPLOYEES COMPENSATION: NRECA'S HUMAN RESOURCES DEPARTMENT HAS A MARKET PAY TOOL THAT UTILIZES CURRENT SALARY DATA FROM PURCHASED COMPENSATION STUDIES TO ANALYZE SALARIES FOR POSITIONS WITHIN THE NRECA ORGANIZATION. NRECA HAS WRITTEN POLICIES AND PROCEDURES GOVERNING ITS' SALARY INCREASE PROCESS. THE SALARY INCREASE PROCESS IS INTENDED TO ENABLE MANAGERS TO MAKE RATIONAL DECISIONS CONCERNING SALARY INCREASES WITHIN THE ASSOCIATION'S BUDGETING CONSTRAINTS. YET, IT DOES NOT GUARANTEE A SALARY INCREASE TO ANY EMPLOYEE. THE SALARY INCREASE PROCESS FOLLOWS THESE STEPS: 1. APPROVAL OF NRECA'S BUDGETED SALARY INCREASE BY THE NRECA BOARD OF DIRECTORS; 2. COMPLETION OF A WRITTEN ANNUAL PERFORMANCE SUMMARY FOR EACH EMPLOYEE BY HIS/HER MANAGER; 3. RECOMMENDATION OF MERIT INCREASES FOR INDIVIDUAL EMPLOYEES BASED ON PERFORMANCE; 4. ANALYSIS, REVIEW AND APPROVAL OF SALARY INCREASE RECOMMENDATIONS BY THE HUMAN RESOURCES AND CHIEF EXECUTIVE OFFICE; 5. COMMUNICATION OF THE SALARY INCREASE TO EACH INDIVIDUAL STAFF MEMBER BY HIS/HER MANAGER. FORM 990, PART VI, SECTION C, LINE 18: NRECA RESEARCH, WHICH IS PART OF THE NRECA ASSOCIATION CONSOLIDATED FINANCIAL STATMENTS, DISTRIBUTES ITS' ANNUAL AUDITED FINANCIAL STATEMENTS TO THE NRECA BOARD OF DIRECTORS. ADDITONALLY, NRECA RESEARCH PROVIDES COPIES OF ITS' AUDITED FINANCIAL STATEMENTS AND FORM 990 TAX RETURN UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19: NRECA RESEARCH, WHICH IS PART OF THE NRECA ASSOCIATION CONSOLIDATED FINANCIAL STATMENTS, DISTRIBUTES ITS' ANNUAL AUDITED FINANCIAL STATEMENTS TO THE NRECA BOARD OF DIRECTORS. ADDITONALLY, NRECA RESEARCH PROVIDES COPIES OF ITS' AUDITED FINANCIAL STATEMENTS, GOVERNANCE DOCUMENTS AND FORM 990 TAX RETURN UPON REQUEST. FORM 990 PART IX LINE 11G DESCRIPTION:SUBCONTRACTS TOTAL FEES:3060330 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTING FEES TOTAL FEES:360659 FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACTED PERSONNEL TOTAL FEES:113768 FORM 990 PART IX LINE 11G DESCRIPTION:EDITORIAL & WRITING SVCS TOTAL FEES:76431 NAT'L RURAL ELECTRIC COOPERATIVE ASSOC 4301 WILSON BLVD ARLINGTON VA 22203 530116145 SERVICE ORG VA 501(C)(6) NA false NRECA INTERNATIONAL 4301 WILSON BLVD ARLINGTON VA 22203 521387851 SEE PART VII VA 501(C)(3) 7 NRECA false FUNDACION ENERGETICA BOLIVIANA 4301 WILSON BLVD ARLINGTON VA 22203 SEE PART VII VA N/A N/A NRECA INT'L false GLENN ENGLISH NAT'L LEADERSHIP COOP FDN 4301 WILSON BLVD ARLINGTON VA 22203 461424031 SEE PART VII VA 501(C)(3) 12A NRECA false NRECA WOOD QUALITY CONTROL INC 4301 WILSON BLVD ARLINGTON VA 22203 521446660 SEE PART VII VA 501(C)(6) NRECA false COOPERATIVE INSURANCE SERVICES 4301 WILSON BLVD ARLINGTON VA 22203 521076274 SEE PART VII VA SEE PART VII C CORP 0 0 0.00000 false NRECA UNITED HOLDINGS 4301 WILSON BLVD ARLINGTON VA 22203 860262046 SEE PART VII VA SEE PART VII C CORP 0 0 0.00000 false COOPERATIVE BENEFIT ADMINISTRATORS 4301 WILSON BLVD ARLINGTON VA 22203 521327041 SEE PART VII VA SEE PART VII C CORP 0 0 0.00000 false COOPERATING ENERGY SERVICES 4301 WILSON BLVD ARLINGTON VA 22203 521490710 SEE PART VII VA SEE PART VII C CORP 0 0 0.00000 false HOMESTEAD FINANCIAL SERVICES CORP 4301 WILSON BLVD ARLINGTON VA 22203 521679315 SEE PART VII VA SEE PART VII C CORP 0 0 0.00000 false HOMESTEAD ADVISERS CORP 4301 WILSON BLVD ARLINGTON VA 22203 521694000 SEE PART VII VA SEE PART VII C CORP 0 0 0.00000 false false false false false false false false false false false false false true true true true false false false NAT'L RURAL ELECTRIC COOPERATIVE ASSOCIATION M 1522920 ACC. RECORDS NAT'L RURAL ELECTRIC COOPERATIVE ASSOCIATION N 219899 ACC. RECORDS NAT'L RURAL ELECTRIC COOPERATIVE ASSOCIATION O 3341441 ACC. RECORDS NAT'L RURAL ELECTRIC COOPERATIVE ASSOCIATION P 7719492 ACC. RECORDS SCHEDULE R, PART II, COLUMN B: NRECA INTERNATIONAL: INTERNATIONAL RURAL ELECTRIFICATION FUNDACION ENERGETICA BOLIVIANA: BOLIVIAN RURAL ELECTRIFICATION GLENN ENGLISH NAT'L LEADERSHIP COOP FND: AWARDING OF SCHOLARSHIPS NRECA WOOD QUALITY CONTROL INC: WOOD POLE TESTING SCHEDULE R, PART IV, COLUMNS B AND D: COOPERATIVE INSURANCE SERVICES PRIMARY ACTIVITY: INSURANCE AGENT DIRECT CONTROLLING ENTITY: NRECA UNITED INC NRECA UNITED HOLDINGS PRIMARY ACTIVITY: LIFE & HOSPITALIZATION INSURANCE DIRECT CONTROLLING ENTITY: NRECA UNITED INC COOPERATIVE BENEFIT ADMINISTRATORS PRIMARY ACTIVITY: CLAIMS ADMINISTRATOR DIRECT CONTROLLING ENTITY: NRECA UNITED INC COOPERATING ENERGY SERVICES PRIMARY ACTIVITY: SOFTWARE INTEGRATION DEVELOPMENT DIRECT CONTROLLING ENTITY: NRECA UNITED INC HOMESTEAD FINANCIAL SERVICES CORP. PRIMARY ACTIVITY: INVESTMENT BROKER DIRECT CONTROLLING ENTITY: NRECA UNITED INC HOMESTEAD ADVISERS CORP. PRIMARY ACTIVITY: INVESTMENT ADVISER DIRECT CONTROLLING ENTITY: RE INVESTMENT CORPORATION