2023-11-02T17:13:03-05:00 2022-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2022-01-01 630264081 Alabama Rural Electric Association of Cooperatives ALAB 3342152732 PO Box 244014 Montgomery AL 361244014 Brian Matney CFO 3342152732 2023-10-31 1 Brian Matney 999009999 0 Patrick Cooper P00856177 3348347660 2023-10-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Karl G Rayborn PO Box 244014 Montgomery AL 361244014 8122281 0 X http://www.areapower.coop X 1947 AL A statewide trade association which serves as a resource through which its electric cooperative members are provided services for the continuation and advancement of the rural electrification program in Alabama. 52 52 24 0 1448645 0 3629472 3768518 2987256 3689283 43615 64365 262354 600115 6922697 8122281 0 0 0 0 2730558 3291093 0 0 0 3938720 4666381 6669278 7957474 253419 164807 6685824 6824624 1436321 1422475 5249503 5402149 A statewide trade association which serves as a resource through which its electric cooperative members are provided services for the continuation and advancement of the rural electrification program in Alabama. 0 0 Communications - The Association published "Alabama Living," a monthly magazine, which provided the cooperatives an avenue to communicate with their membership. Training and Development - The Association provided training for employees and directors of the rural electric cooperatives. Training areas included utility line work, utility construction, safety, management skills, accounting skills, HR skills, customer service, leadership skills, director responsibilities, and roles. Safety, Loss Control, and Regulatory Compliance - The Association provided resources and services to educate and train cooperative employees and management of safety and regulatory issues to make a safer working environment in a dangerous industry. 0 0 0 1 0 0 0 0 0 1 1 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 1 1 0 0 1 42 0 1 24 0 1 1 0 0 0 0 0 0 0 X 52 52 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Brian Matney 3342152732 340 TechnaCenter Drive Montgomery AL 36117 Kevin Chandler Director 1.23 X 0 0 0 Steve Foshee Director 1.23 X 0 0 0 Leland Fuller Director 0.62 X 0 0 0 Scott Bobo Director 1.23 X 0 0 0 Gary Harrison Director 1.23 X 0 0 0 David Hembree Director 2.92 X 9500 0 0 Roland Hendon Director 2.77 X 9000 0 0 Lavaughn Holcomb Director/ Secretary/Treasu 2.92 X 9500 0 0 Vince Johnson Director/Vice-Chairman 2.15 X 0 0 0 Daryl Jones Director 2.15 X 0 0 0 Delaney Kervin Director 0.77 X 2500 0 0 George Kitchens Director 1.23 X 0 0 0 Jim McRae Director 1.23 X 4000 0 0 Karen Moore Director 1.23 X 0 0 0 Les Moreland Director 1.23 X 0 0 0 Terry Moseley Director 1.23 X 0 0 0 Bruce Purdy Director 1.23 X 0 0 0 Heflin Smith Director 0.31 X 1000 0 0 Gary Smith Director 1.23 X 0 0 0 Tom Stackhouse Director 1.23 X 0 0 0 Louie Ward Director 2.15 X 0 0 0 Tommie Werneth Director/Chairman 2.92 X 9500 0 0 Randal Wilkie Director 1.23 X 0 0 0 Andrew Callaway Director 1.08 X 3500 0 0 DR Stallworth Director 1.23 X 4000 0 0 John Henry Director 1.08 X 3500 0 0 Steve Sheffield Director 1.23 X 0 0 0 Tim Culpepper Director 1.23 X 0 0 0 Charles W Whisenant Director 0.77 X 2500 0 0 Chase Riddle Director 1.23 X 4000 0 0 Doyle Taylor Director 0.31 X 1000 0 0 Irvin Eatman Director 0.92 X 3000 0 0 Mark Stockton Director 1.23 X 0 0 0 Ricky Knouff Director 1.54 X 5000 0 0 Ronnie Gaylor Director 0.92 X 3000 0 0 Stacey White Director 1.23 X 0 0 0 Ed Short Director 1.23 X 0 0 0 Mark Malone Director 1.23 X 0 0 0 David Bailey Director 1.23 X 0 0 0 Bill Danzey Director 1.23 X 4000 0 0 Bobby Ballard Director 1.08 X 3500 0 0 Charles Byrd Director 1.23 X 4000 0 0 Jeff Hodges Director 1.23 X 0 0 0 Kip Justice Director 1.08 X 3500 0 0 Phillip Bryant Director 1.23 X 4000 0 0 S Parks Tubbs Director 1.38 X 4500 0 0 Gena Hall Director 0.31 X 0 0 0 John Cullimore Director 0.62 X 0 0 0 John Shewbart Director 0.46 X 1500 0 0 Marilyn Davis Director 1.08 X 3500 0 0 Patricia Janasky Director 0.77 X 2500 0 0 Robby Jones Director 0.62 X 0 0 0 Karl G Rayborn President - CEO 40.00 X 315199 0 280342 Sean Strickler VP - Public Affairs 40.00 X 178002 0 97330 Lenore Vickrey VP - Communications 40.00 X 119012 0 38487 Matty Garr VP - Statewide Services 40.00 X 166046 0 48185 Brian Matney VP - CFO 40.00 X 162669 0 22033 1046428 0 486377 5 0 1 0 Mittera Group 1312 Locust St Ste 202 Des moines IA 50309 Printing 1722011 United States Postal Service 6701 Winton Blount Blvd Montgomery AL 36119 Postage 1017678 TVPPA PO Box 6189 Chattanoga TN 374016189 Training 456641 Fine & Geddie 423 S Hull St Montgomery AL 36104 Lobbying 150000 4 3768518 3768518 Conferences/Meetings 611430 2271180 2271180 Advertising 541800 821178 821178 Management Fees 541610 304200 304200 Printing 323100 292725 292725 3689283 64365 64365 30542 30542 188051 0 188051 188051 188051 Miscellaneous Revenue 900099 381522 381522 381522 8122281 2652702 1448645 252416 1532804 560129 402931 627739 167490 42172 24882 120000 2254 61767 241081 280563 217916 1269220 12766 141631 24679 Printing and Publicatio 2046238 Public Relations 141381 Training and Developmen 30392 Taxes 9439 7957474 3133134 3287743 503589 813849 8151 8066 251540 272956 3364138 2281011 1144985 1083127 1624797 1255524 19628 103359 6685824 6824624 417197 629511 576198 458566 151286 291640 334398 1436321 1422475 X 5249503 5402149 5249503 5402149 6685824 6824624 164807 -12161 0 X X 0 1 X 1 0 1 0 0 362084 362084 1799084 1495110 303974 1202970 785901 417069 1083127 Industrial Development Board Bonds 1479 F Dixie Electric Co-op Patronage Capital 25651 F Federated Insurance Patronage Capital 42973 F NRUCFC Patronage Capital 7849 F HomeStead Fund 89481 F Corporate Stock investments 211328 F Corporate Bond investments 876763 F 1255524 Accumulated Provision for Post-Retirement Benefits 240777 Lease Liabillity 93621 334398 X 8504299 382018 382018 8122281 0 8122281 8351653 394179 394179 7957474 0 7957474 Part X, Line 2: Income tax status - The Association is exempt from income tax under Section 501(c)(6) of the Internal Revenue Code. However, income from certain activities not directly related to the Association's tax-exempt purpose is subject to taxation as unrelated business income. Management evaluated the Association's tax positions and concluded that the Association had taken no uncertain tax positions that require adjustment to the financial statements. Part XI, Line 2d - Other Adjustments: Reclassification of revenues to expenses 394,179. Fair value adjustment on IDB bonds -12,161. Part XII, Line 2d - Other Adjustments: Reclassification of revenues to expenses 394,179. X 1 1 X X X X 0 0 0 Karl G Rayborn President - CEO 288099 0 0 0 27100 0 257903 0 22439 0 595541 0 0 0 Sean Strickler VP - Public Affairs 155648 0 8500 0 13854 0 89943 0 7387 0 275332 0 0 0 Matty Garr VP - Statewide Services 155094 0 6500 0 4452 0 47542 0 643 0 214231 0 0 0 Brian Matney VP - CFO 152237 0 10000 0 432 0 18270 0 3763 0 184702 0 0 0 Lenore Vickrey VP - Communications 110964 0 2500 0 5548 0 38252 0 235 0 157499 0 0 0 Part I, Line 1a A corporate membership to a local country club is in the name of the President & CEO. Membership dues to a local country club are paid for the VP - Public Affairs. Form 990, Part VI, Section A, line 2 The Association's board of directors consists of the CEO/General Manager and a cooperative board member from each of the cooperative member systems. Form 990, Part VI, Section A, line 6 There are two classes of memberships, members and associate members. Form 990, Part VI, Section A, line 7a Each member of the board of directors of the Association is nominated by the governing bodies of the member cooperatives. The board of directors of the Association elects an executive committee, which exercises all of the powers of the board of directors in accordance with the policy of the Association and the direction of the board of directors, during intervals between the meetings of the board of directors. Form 990, Part VI, Section A, line 7b The membership must approve decisions that involve substantial transfers of the Association's assets, amendments to the Association's bylaws, as well as other decisions requiring approval of the membership by law, the articles of incorporation, and/or the Association's bylaws. Form 990, Part VI, Section B, line 11b The Form 990 was reviewed by the Chief Executive Officer and the Chief Financial Officer before it was filed with the Internal Revenue Service. A copy was then provided to the board of directors before it was filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Management monitors the compliance with the conflict of interest policy. Form 990, Part VI, Section B, line 15 The salary of the President & CEO is reviewed each year by the executive committee and is adjusted based on industry comparison using published compensation surveys. The other employees' salaries are reviewed and adjusted each year by the President & CEO based on members' compensation surveys and performance. The board of directors approves salary adjustments as part of the overall annual budget approval. Form 990, Part VI, Section C, line 19 Copies of the governing documents (Bylaws, Articles of Incorporation, etc.), policies, Form 990, and financial statements are available at the Association office upon request. The Association's Form 990 is also posted on www.guidestar.org. Form 990, Part XII, Line 2c The Association did not change its processes of oversight or selection of an independent accountant. Electric Cooperative Health Benefit Plan PO Box 244014 Montgomery AL 36124 262483511 Health Benefits AL 501(c)(9) N/A 1 Electric Cooperative Foundation Inc PO Box 244014 Montgomery AL 36124 631190086 Charitable Foundation AL 501(c)(3) Line 11 N/A 1 Alabama Action Committee For Rural Electrification PO Box 244014 Montgomery AL 36124 912088923 Political Action Committee AL 527 N/A 1 Alabama Rural Electric Cooperatives Self Insured Pool PO Box 244014 Montgomery AL 36124 631095063 Workers Compensation AL N/A C 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 Alabama Rural Electric Cooperatives Self Insured Pool A 30542 Est. Formula Alabama Rural Electric Cooperatives Self Insured Pool L 108500 Computed Costs Electric Cooperative Health Benefit Plan L 195700 Computed Costs