Nreca International

“OFFICERS JAMES MATHESON, JEFFREY CONNOR, DIGNA LOUIS AND JESSICA HEALY HAVE A BUSINESS RELATIONSHIP. - Business relationship”

“The nreca international board of directors is composed of eight individuals for 2024. Directors, each of whom must be a member, director, officer, or an employee of an nreca member system, are elected every two years by the member systems in each state. Their terms run from the close of each nreca annual meeting (usually held in march) to the close of the annual meeting two years hence. The nreca international president, vice president, and secretary-treasurer are elected every two years by the board. The organization has one class of members which consists of each and every member of the national rural electric cooperative association. The members do not have the right to vote.”

“The 2024 nreca international irs form 990 support data was prepared by 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 2024 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 director of general accounting and aministration performed a cursory review before providing the 990 return to the chief finanical officer for 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 2024 form 990 was made available to the nreca international's board of directors and the public as needed.”

“Each director, officer and key employee is required to complete and submit a conflict of interest questionnaire that is reviewed by the chief financial officer. He/she reviews each questionnaire and follows up on any conflicts with the respective director, officer, or key employee along with nreca's corporate counsel.”

“(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.”

“(other officer/key employees compensation) 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.”

“Nreca distributes its annual report to the ceo of every nreca member. In addition, nreca publishes and makes available its annual report, financial statements and conflict of interest policy on cooperative.com, a member-only site for electric cooperatives and affiliated entities. Nreca will provide copies of its irs form 990 to anyone requesting a copy.”

“(Expenses $ 422,941 including grants of $)(Revenue $ 536,335) GIS(GEOSPATIAL INFORMATION SYSTEM) & GEA(GEOSPATIAL ELECTRIFICATION ANALYSIS) CONSULTING SERVICES. THESE PROGRAM SERVICES PROVIDE VARIOUS TYPES OF GIS & GEA ENGINEERING ELECTRIFICATION MAPPING & SURVEY ASSISTANCE PRIMARILY TO GOVERNMENTS, FOREIGN AGENCIES AND LOCAL COMMUNITIES LOCATED IN DEVELOPING COUNTRIES. SOME OF THE GOALS ARE TO IMPROVE A UTILITIES CURRENT EXISTING ELECTRICAL SERVICE AREAS, UPGRADE EXISTING TYPES OF POWER GENERATION OR TO PROVIDE NEW ELECTRIFICATION MAPPING DATA INFORMATION FOR A UTILITIES EXPANSION OR INITIAL START OF ELECTRICAL SERVICE.”

“(Expenses $ 335,072 including grants of $)(Revenue $ 23,217) ALL OTHER PROGRAM SERVICES”

“MANAGEMENT FEES - Total Expense: 1724269, Program Service Expense: 1724269, Management and General Expenses: , Fundraising Expenses: ; CONSULTING - Total Expense: 1413267, Program Service Expense: 1264111, Management and General Expenses: 124470, Fundraising Expenses: 24686; SUBCONTRACTS & COMMISSION - Total Expense: 27539, Program Service Expense: 27539, Management and General Expenses: , Fundraising Expenses: ; CONTRACTED PERSONNEL - Total Expense: 108487, Program Service Expense: 89366, Management and General Expenses: 19121, Fundraising Expenses: ; OTHER PROFESSIONAL FEES - Total Expense: 2754, Program Service Expense: , Management and General Expenses: 2754, Fundraising Expenses: ; ARTWORK & DESIGN SERVICES - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;”

“Program expenses in GL by cost center total not project - -852; Total - -852;”