NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION
4301 WILSON BLVD FIN8-110, ARLINGTON, VA 22203 nreca.coop

Total Revenue
$194,080,159
Total Expenses
$194,127,310
Net Assets
$92,350,660

Organizations Filed Purposes: (CONTINUED IN SCHEDULE O) NRECA'S PURPOSE IS TO ENGAGE IN THE COMPILATION AND DISSEMINATION OF INFORMATION WITH RESPECT TO RURAL ELECTRIFICATION AND THE FURNISHING OF OTHER SERVICES TO RURAL ELECTRIC COOPERATIVES AND OTHERS IN CONNECTION WITH THE COORDINATION, ADVANCEMENT, AND DEVELOPMENT OF RURAL ELECTRIFICATION IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, FOR THE PRIMARY AND MUTUAL BENEFIT OF THE VOTING MEMBERS OF THE ASSOCIATION AND THEIR CONSUMER-MEMBERS. NRECA'S MISSION IS TO PROMOTE, SUPPORT AND PROTECT THE COMMUNITY AND BUSINESS INTERESTS OF ELECTRIC COOPERATIVES.

MEMBERSHIP ASSOCIATION DEDICATED TO REPRESENTING THE NATIONAL INTEREST OF COOPERATIVE ELECTRIC UTILITIES AND THE CONSUMERS THEY SERVE. NRECA HAS MORE THAN 900 VOTING MEMBERS, A MAJORITY OF WHICH ARE ELECTRIC COOPERATIVES THAT SERVE 42 MILLION CONSUMERS IN 47 STATES.

REGULATORY, LEGAL, AND LEGISLATIVE: NRECA PROVIDES SUPPORT SERVICES TO VOTING MEMBERS RELATED TO COMPLIANCE, LEGAL, AND REGULATORY ISSUES. IN ADDITION, NRECA EDUCATES AND ADVOCATES TO MEMBERS OF CONGRESS AND THEIR STAFF, FEDERAL AGENCIES, AND THE ADMINISTRATION ON POLICY ISSUES IMPACTING NRECA VOTING MEMBERS AND THE 42 MILLION CONSUMER-MEMBERS SERVED BY NRECA VOTING MEMBERS, AND KEEPS OUR MEMBERSHIP INVOLVED WITH THE LEGISLATIVE PROCESS.

CONSULTING, TRAINING, AND CONFERENCES: NRECA PROVIDES VOTING MEMBERS WITH ESSENTIAL INDUSTRY SPECIFIC TRAINING AS WELL AS DIRECTOR, MANAGER, AND EMPLOYEE TRAINING; CONSULTING RELATED TO THE ORGANIZATION AND PROCESS IMPROVEMENTS, AND INDUSTRY AND TECHNOLOGICAL CHANGES; AND CONFERENCES AND MEMBERSHIP MEETINGS, PROMOTING COLLABORATION AND NETWORKING.

MULTIPLE EMPLOYER BENEFIT PLAN ADMINISTRATION: NRECA PROVIDES PLAN ADMINISTRATION SERVICES ON A COST REIMBURSABLE BASIS TO THREE MULTIPLE EMPLOYER BENEFIT PROGRAMS IN WHICH MOST NRECA VOTING MEMBERS CAN PARTICIPATE. THEY CONSIST OF TWO RETIREMENT PROGRAMS, THE NRECA RETIREMENT SECURITY PLAN, WHICH IS A DEFINED BENEFIT PENSION PLAN AND IS EXEMPT FROM INCOME TAX UNDER IRS SECTION 401(A), AND THE NRECA 401(K) PENSION PLAN, WHICH IS A DEFINED CONTRIBUTION PENSION PLAN AND IS EXEMPT FROM INCOME TAX UNDER IRS SECTION 501. THESE TWO PLANS SERVE MORE THAN 60,000 ACTIVE AND RETIRED EMPLOYEES OF MOST NRECA VOTING MEMBERS. THE THIRD PLAN IS THE NRECA GROUP BENEFITS PROGRAM, WHICH USES VEBA TRUST TO PROVIDE MEDICAL, DENTAL, VISION, AND DISABILITY COVERAGE, AND WHICH PROVIDES LIFE, AD&D, AND BUSINESS TRAVEL ACCIDENT INSURANCE, TO MOST NRECA VOTING MEMBERS. THIS VEBA TRUST IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(9).

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Jim MathesonCHIEF EXECUTIVE OFFICER52.2$1,444,993
John SzczurVP, INVESTMENT STRAT. & PE41$1,136,892
Martin LoweryEXEC. VP, MEMBER & ASSOC.48$849,308
Peter BaxterSR. VP, INSURANCE & FINANC59.2$551,814
Jeffrey ConnorCHIEF OPERATING OFFICER49.8$514,126
Tom StangroomSR. VP & CIO48$433,640
Richard MeyerSR. VP, GENERAL COUNSEL46$418,819
Jim SpiersVP, BUSINESS AND TECH. STR40$389,956
Steve SankerVP, IF&S RELATIONSHIP MGT.64$382,815
Kirk JohnsonSR. VP, GOVERNMENT RELATIO55$377,188
Veneicia LockhartASST TREAS; SR. VP, FINANC41.8$373,019
Patrick GioffreFORMER EXEC VP, INTERNAL S0$140,249
Phil CarsonPRESIDENT19$99,250
Curtis WynnVICE PRESIDENT14$89,000
Chris ChristensenSECRETARY-TREASURER13$76,500
Lawrence BeckerDIRECTOR10.6$39,950
Bryan WolfeDIRECTOR8.6$36,500
Reuben RitthalerDIRECTOR5.6$34,900
Steven WalterDIRECTOR8.6$33,750
Barry BernsteinDIRECTOR5$33,650
William HartDIRECTOR9.6$33,500
David IhaDIRECTOR3.6$32,250
Greg WhiteDIRECTOR7$29,000
Charles ShortDIRECTOR3.6$29,000
Kelley SmithDIRECTOR7$27,500
Kerry KeltonDIRECTOR6.6$27,000
Bryan CaseDIRECTOR4.6$27,000
Meera KohlerDIRECTOR7$26,750
Keith RossDIRECTOR5$26,650
Jeffrey PetersonDIRECTOR5.6$26,250
David SpradlinDIRECTOR5.6$26,000
Christopher HamonDIRECTOR11.6$25,750
Mark HoferDIRECTOR5.6$25,650
Scott HallowellDIRECTOR5$25,250
Kevin DoddridgeDIRECTOR3$25,250
Michael WilliamsDIRECTOR3.6$25,000
Curtis NolanDIRECTOR6$24,750
Marion DengerDIRECTOR24$24,700
Anthony AndersonDIRECTOR3$24,250
Gary PotterDIRECTOR5$24,000
William NoelDIRECTOR4.6$24,000
Roy FriedersdorfDIRECTOR5.6$24,000
Randy PapenhausenDIRECTOR7$23,500
Sandra GreenDIRECTOR3.6$23,000
Carol SharpDIRECTOR7$22,000
Kenneth ColburnDIRECTOR7.6$20,500
Daniel DyerDIRECTOR4$19,500
Mel ColemanDIRECTOR4.6$19,000
Joseph MartinDIRECTOR3$18,250
Tom PurkeyDIRECTOR3.6$16,000
Thomas McquistonDIRECTOR4.6$16,000
Lanny RodgersFORMER DIRECTOR0$14,959
Frederick NelsonDIRECTOR5$14,250
Ronald SchwartauDIRECTOR7.6$13,900
Lynn JacobsonDIRECTOR7.6$13,750
Galen MillsDIRECTOR5$8,150
Timothy SmithDIRECTOR5.6$0
Thomas MadsenDIRECTOR5$0
S Eugene HerrittDIRECTOR2$0
Mark BrownDIRECTOR0.8$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201922399349300622_public.xml