2024-11-14T07:53:24-06:00 2023-12-31 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2023-01-01 521446660 NRECA WOOD QUALITY CONTROL INC % LARRY HENRY C/O NRECA NREC 7039075928 4301 WILSON BLVD ARLINGTON VA 22203 DIGNA LOUIS CFO 7039075895 2024-11-13 true true Marc Berger P01871563 7038930600 2023 2024-10-15 13:58:12Z JEFFREY CONNOR COO 4301 WILSON BLVD ARLINGTON VA 22203 3561672 false X WWW.WOODQUALITYCONTROL.COOP X 1985 DC SEE SCHEDULE O 7 3 0 0 0 0 0 0 3022290 3489091 0 72581 0 0 3022290 3561672 0 0 0 0 0 0 0 0 0 2655230 2940785 2655230 2940785 367060 620887 2097316 2772033 271755 321521 1825561 2450512 X ESTABLISH, OPERATE, MAINTAIN AND ADMINISTER A PROGRAM OF ACTIVITIES DESIGNED TO IMPLEMENT RECOGNIZED STANDARDS ESTABLISHED BY THE UNITED STATES RURAL UTILITIES SERVICE AND OTHERS TO ENSURE THE QUALITY OF TIMBER PRODUCTS USED IN THE CONTRUCTION OF RURAL ELECTRIFICATION SYSTEMS. false false 2940785 0 3489091 FOR 2023 WQC'S STAFF AND CONTRACTOR, TIMBER PRODUCT INSPECTION, INC., MONITORED THE PRODUCTION OF POLES AND CROSS ARMS. WQC CONTINUED TO ENSURE ALL POLES AND CROSS ARMS INSPECTED IN 2023 MET OR EXCEEDED THE UNITED STATES RURAL UTILITIES SERVICE (RUS) SPECIFICATIONS. 2940785 false false false false false false false false false true false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false true false false true 0 0 0 false false false false false false false false X 7 3 true false false false true true true true true false false true true true true true true true true false DC X LARRY HENRY CO NRECA 7039075928 4301 WILSON BLVD ARLINGTON VA 22203 X JEFFREY CONNOR PRESIDENT 0.04 47.96 X X 0 713577 112610 ANGELA STRICKLAND SR. VICE PRESIDENT 0.23 53.02 X X 0 454573 52815 DAVID SCOTT TREASURER 0.29 49.08 X X 0 240938 67434 JESSICA HEALY SECRETARY 0.04 45.67 X 0 238127 42030 OLIVER COX EXECUTIVE VICE PRESIDENT 40.0 0.0 X X 0 153417 51311 BRYAN CASE FORMER DIRECTOR 0.0 7.65 X 0 29500 0 STEVE WALTER FORMER CHAIRMAN OF BOARD 0.0 7.65 X 0 27750 0 MARTY LITTREL VICE PRESIDENT 0.06 3.44 X X 0 24500 0 TIMOTHY VELDE DIRECTOR 0.04 7.06 X 0 21250 0 RANDY SHAW DIRECTOR 0.04 7.25 X 0 18250 0 0 1921882 326200 0 true true false TIMBER PRODUCTS INSPECTION INC 1641 SIGMAN ROAD CONYERS GA 30012 INSPECTION SERVICE 2010898 1 0 WOOD QUALITY INSPECTION 900099 3489091 3489091 3489091 72581 0 72581 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3561672 3489091 0 72581 0 0 0 0 0 0 0 0 0 0 445060 100 1959 0 0 0 65226 35823 1450 64028 0 0 101112 0 9092 0 0 494 0 PRODUCTION MONITORING FEES 2010898 G&A ALLOCATED EXPENSES 189148 OTHER EXPENSES 16395 2940785 0 0 0 0 0 0 2096822 2772033 0 0 0 0 0 0 0 0 0 0 15314 15314 494 0 0 0 0 0 0 0 0 0 0 0 2097316 2772033 271755 321521 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 271755 321521 X 1000 1000 0 0 1824561 2449512 1825561 2450512 2097316 2772033 620887 4064 X false true X true false 15314 15314 0 0 0 0 X SCHEDULE D, PART X, LINE 2: WOOD QUALITY CONTROL (WQC) IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)6 OF THE INTERNAL REVENUE CODE (IRC). INCOME NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. WQC DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. WOOD QUALITY CONTROL (WQC) HAS ADOPTED PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD GUIDANCE ON ACCOUNTING FOR UNCERTAINITY IN INCOME TAXES (ASC 740-10) FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, AS REQUIRED. MANAGEMENT HAS ANALYZED THE TAX POSITION TAKEN BY WQC, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X true true false false false JEFFREY CONNOR PRESIDENT 0 571656 0 125200 0 16721 0 71062 0 41548 0 826187 0 0 ANGELA STRICKLAND SR. VICE PRESIDENT 0 372038 0 75250 0 7285 0 49966 0 2849 0 507388 0 0 DAVID SCOTT TREASURER 0 235938 0 4450 0 550 0 37166 0 30268 0 308372 0 0 JESSICA HEALY SECRETARY 0 232379 0 1625 0 4123 0 40082 0 1948 0 280157 0 0 OLIVER COX EXECUTIVE VICE PRESIDENT 0 149211 0 3700 0 506 0 23413 0 27898 0 204728 0 0 BRYAN CASE FORMER DIRECTOR 0 29500 0 0 0 0 0 0 0 0 0 29500 0 0 STEVE WALTER FORMER CHAIRMAN OF BOARD 0 27750 0 0 0 0 0 0 0 0 0 27750 0 0 SCHEDULE J, PART I, LINE 1A: NRECA GROSSES UP PAYMENTS MADE TO STAFF THAT ARE ELIGIBLE UNDER THE EXECUTIVE 401(K) BONUS PLAN AND ELIGIBLE RELOCATION EXPENSES. SCHEDULE J, PART I, LINE 3: NRECA WOOD QUALITY CONTROL DOES NOT COMPENSATE ANY INDIVIDUALS. THE POLICIES OF NRECA INCLUDE A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION STUDY AND A WRITTEN EMPLOYMENT CONTRACT. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: ESTABLISH, OPERATE, MAINTAIN AND ADMINISTER A PROGRAM OF ACTIVITIES DESIGNED TO IMPLEMENT RECOGNIZED STANDARDS ESTABLISHED BY THE UNITED STATES RURAL UTILITIES SERVICE AND OTHERS TO ENSURE THE QUALITY OF TIMBER PRODUCTS USED IN THE CONTRUCTION OF RURAL ELECTRIFICATION SYSTEMS. FORM 990, PART VI, SECTION A, LINE 2: WQC OFFICERS JEFFREY CONNOR, DAVID SCOTT AND JESSICA HEALY ALL HAVE BUSINESS RELATIONSHIPS FOR EITHER NRECA OR NRECA INTERNATIONAL ENTITIES. WQC DIRECTORS MARTY LITTREL, RANDY SHAW AND TIM VELDE HAVE A BUSINESS RELATIONSHIP WITH THE NRECA ENTITY. FORM 990, PART VI, SECTION A, LINE 6: THE ORGANIZATION HAS ONE CLASS OF MEMBERS WHICH SHALL CONSIST OF EACH AND EVERY MEMBER OF THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION. THE MEMBERS OF THE CORPORATION SHALL NOT HAVE THE RIGHT TO VOTE. FORM 990, PART VI, SECTION A, LINE 7A: THE BOARD OF DIRECTORS OF THE CORPORATION SHALL BE APPOINTED BY THE BOARD OF DIRECTORS OF THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION. AT ANY MEETING OF THE NRECA BOARD, THE NRECA BOARD MAY REMOVE ANY DIRECTOR FROM OFFICE AND MAY ELECT A SUCCESSOR TO FILL ANY RESULTING VACANCY FOR THE UNEXPIRED TERM. FORM 990, PART VI, SECTION A, LINE 7B: THE BUSINESS AND AFFAIRS OF THE CORPORATION SHALL BE MANAGED BY ITS BOARD OF DIRECTORS, WHICH MAY EXERCISE ALL OF THE POWERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B: THE NRECA FINANCE DEPT. ACCOUNTANT FOR WOOD QUALITY CONTROL(WQC) PREPARES THE SUPPORT DOCUMENTS TO COMPLETE THE TAX ORGANIZER SUPPLIED FROM BDO. BDO USES THIS ORGANIZER DATA TO PRODUCE THE FORM 990. THE WQC ACCOUNTANT INITATES A REVIEW OF THE 990 TAX RETURN. IT IS THEN SENT TO THE DIRECTOR OF FINANCE & ACCOUNTING AND CHIEF FINANCIAL OFFICER FOR FINAL ACCURACY REVIEW. THE FORM 990 IS THEN ELECTRONICALLY FILED WITH THE IRS AND ALSO MADE AVAILABLE TO THE WOOD QUALITY CONTROL BOARD OF DIRECTORS ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 12C: EACH DIRECTOR AND OFFICER IS REQUIRED TO COMPLETE AND SUBMIT A CONFLICT OF INTEREST QUESTIONNAIRE THAT IS REVIEWED BY THE CHIEF FINANCIAL OFFICER. THE CHIEF FINANCIAL OFFICER REVIEWS EACH QUESTIONNAIRE AND FOLLOWS UP ON ANY CONFLICTS WITH THE RESPECTIVE DIRECTOR AND OFFICER ALONG WITH NRECA'S CORPORATE COUNSEL. FORM 990, PART VI, SECTION B, LINE 15: WHILE WQC HAS NO DIRECT EMPLOYEES OF ITS OWN, IT HAS ENTERED INTO A WRITTEN ADMINISTRATIVE SERVICE AGREEMENT WITH THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION, A RELATED 501(C)(6) ENTITY, WHEREBY NRECA PROVIDES STAFF THAT WORK AT THE DIRECTION OF WQC'S BOARD AND PROVIDES OTHER ADMINISTRATIVE SERVICES ON A COST REIMBURSABLE BASIS. FORM 990, PART VI, SECTION B, LINE 15A: CEO COMPENSATION - THE NRECA CEO EVALUATION COMMITTEE OF THE BOARD IS RESPONSIBLE FOR EVALUATING THE PERFORMANCE OF THE CEO. AN OUTSIDE CONSULTANT (E.G., QUATT ASSOCIATES) REVIEWS INDEPENDENT COMPENSATION STUDIES ANNUALLY TO VERIFY THE CEO'S COMPENSATION IS WITHIN A COMPETITIVE RANGE FOR CEO'S OF COMPARABLE ORGANIZATIONS AND PROVIDES THIS INFORMATION TO THE COMMITTEE. THE COMMITTEE REVIEWS COMPETITIVE SALARY SURVEY DATA PROVIDED BY THE OUTSIDE CONSULTANTS AND DEVELOPS A SALARY INCREASE RECOMMENDATION THAT IS PRESENTED TO THE FULL BOARD. THE BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15B: OTHER OFFICERS/KEY EMPLOYEES - NRECA'S HUMAN RESOURCES DEPARTMENT HAS A MARKET PAY TOOL THAT USES CURRENT SALARY DATA FROM PURCHASED COMPENSATION STUDIES TO ANALYZE SALARY FOR POSITIONS WITHIN THE 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. HOWEVER, IT DOES NOT GUARANTEE AN INCREASE TO ANY EMPLOYEE. THE SALARY INCREASE PROCESS IS COMPRISED OF THE FOLLOWING STEPS: (1) APPROVAL OF NRECA'S SALARY INCREASE BUDGET BY THE NRECA BOARD OF DIRECTORS, WHICH IS BASED ON COMPETITIVE SALARY DATA; (2) COMPLETION OF WRITTEN ANNUAL PERFORMANCE SUMMARY REPORT FOR EACH EMPLOYEE BY HIS/HER MANAGER; (3) RECOMMENDATION OF MERIT INCREASES FOR INDIVIDUAL EMPLOYEES BASED UPON PERFORMANCE; (4) ANALYSIS, REVIEW AND APPROVAL OF SALARY INCREASE RECOMMENDATIONS BY HUMAN RESOURCES AND THE CHIEF EXECUTIVE OFFICER; AND (5) COMMUNICATION OF SALARY INCREASE DECISIONS TO STAFF. FORM 990, PART VI, SECTION C, LINE 19: NRECA WOOD QUALITY CONTROL DISTRIBUTES ITS ANNUAL FINANCIAL STATEMENTS AND ANNUAL FORM 990 TAX RETURNS TO THE WOOD QUALITY CONTROL BOARD OF DIRECTORS. WOOD QUALITY CONTROL ALSO PROVIDES COPIES OF ITS FORM 990 TO THE GENERAL PUBLIC UPON REQUEST. NATIONAL RURAL ELECTRIC COOP ASSOCIATION 4301 WILSON BLVD ARLINGTON VA 22203 530116145 TRADE ASSOC. VA 501(C)(6) NA 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 RESEARCH 4301 WILSON BLVD ARLINGTON VA 22203 822724646 SEE PART VII VA 501(C)(3) 7 NRECA false NRECA INTERNATIONAL 4301 WILSON BLVD ARLINGTON VA 22203 521387851 SEE PART VII VA 501(C)(3) 7 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 SEE PART VII C CORP 0 0 0.00000 false COOPERATIVE BENEFITS ADMINISTRATORS 4301 WILSON BLVD ARLINGTON VA 22203 521327041 SEE PART VII SEE PART VII C CORP 0 0 0.00000 false COOPERATING ENERGY SERVICES 4301 WILSON BLVD ARLINGTON VA 22203 521490710 SEE PART VII SEE PART VII C CORP 0 0 0.00000 false HOMESTEAD FINANCIAL SERVICES CORP 4301 WILSON BLVD ARLINGTON VA 22203 521679315 SEE PART VII SEE PART VII C CORP 0 0 0.00000 false HOMESTEAD ADVISERS CORP 4301 WILSON BLVD ARLINGTON VA 22203 521694000 SEE PART VII SEE PART VII C CORP 0 0 0.00000 false false false false false false false false false false false false false true false true true false false false SCHEDULE R, PART II, COLUMN B: GLENN ENGLISH NAT'L LEADERSHIP COOP FND: AWARDING OF SCHOLARSHIPS NRECA RESEARCH: ELECTRIC GRID SCIENTIFIC RESEARCH NRECA INTERNATIONAL: INTERNATIONAL RURAL ELECTRIFICATION 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