Civic Intelligence

Sequachee Valley Electric Cooperative

990 • Fiscal year 2019 • EIN 62-0352367

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 29, 2020

PO Box 31South Pittsburg, TN 37380

(423) 837-8605

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.42x

Higher debt load relative to assets than 20% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

10th percentile

0.60x

Higher debt load relative to revenue than 10% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Net Margin

77th percentile

3.4%

Higher net margin than 77% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

53rd percentile

$322,113

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2018 to 2019

Assets

Up

$134,666,582

Up $134,666,582 from 2018

Net Assets

Up

$78,773,846

Up $78,773,846 from 2018

Liabilities

Up

$55,892,736

Up $55,892,736 from 2018

Revenue

Up

$92,711,202

Up $92,711,202 from 2018

Expenses

Up

$89,531,245

Up $89,531,245 from 2018

Net Income

Up

$3,179,957

Up $3,179,957 from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2010: $92,835,554Liabilities 2010: $40,891,204Net Assets 2010: $51,944,3502010Assets 2011: $96,935,306Liabilities 2011: $42,704,552Net Assets 2011: $54,230,7542011Assets 2012: $98,841,433Liabilities 2012: $41,612,208Net Assets 2012: $57,229,2252012Assets 2013: $104,388,529Liabilities 2013: $44,319,376Net Assets 2013: $60,069,1532013Assets 2014: $107,134,539Liabilities 2014: $43,829,938Net Assets 2014: $63,304,6012014Assets 2015: $109,659,046Liabilities 2015: $43,320,807Net Assets 2015: $66,338,2392015Assets 2016: $117,574,351Liabilities 2016: $49,066,110Net Assets 2016: $68,508,2412016Assets 2017: $122,879,035Liabilities 2017: $50,355,142Net Assets 2017: $72,523,8932017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $134,666,582Liabilities 2019: $55,892,736Net Assets 2019: $78,773,8462019Assets 2020: $150,040,940Liabilities 2020: $65,793,638Net Assets 2020: $84,247,3022020Assets 2021: $156,994,323Liabilities 2021: $63,416,020Net Assets 2021: $93,578,3032021Assets 2022: $165,775,520Liabilities 2022: $63,109,003Net Assets 2022: $102,666,5172022Assets 2023: $171,194,164Liabilities 2023: $61,392,830Net Assets 2023: $109,801,3342023Assets 2024: $180,374,420Liabilities 2024: $63,526,034Net Assets 2024: $116,848,3862024Assets 2025: $195,168,121Liabilities 2025: $70,296,101Net Assets 2025: $124,872,0202025

Highlighted filing

2019

Assets$134,666,582
Liabilities$55,892,736
Net Assets$78,773,846

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0Expenses 2010: $71,593,5232010Revenue 2011: $81,656,179Expenses 2011: $79,369,775Net Income 2011: $2,286,4042011Revenue 2012: $78,630,124Expenses 2012: $75,631,653Net Income 2012: $2,998,4712012Revenue 2013: $81,539,050Expenses 2013: $78,699,122Net Income 2013: $2,839,9282013Revenue 2014: $85,383,059Expenses 2014: $82,147,611Net Income 2014: $3,235,4482014Revenue 2015: $86,874,984Expenses 2015: $83,841,346Net Income 2015: $3,033,6382015Revenue 2016: $84,169,376Expenses 2016: $81,999,374Net Income 2016: $2,170,0022016Revenue 2017: $88,875,447Expenses 2017: $84,859,795Net Income 2017: $4,015,6522017Revenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $92,711,202Expenses 2019: $89,531,245Net Income 2019: $3,179,9572019Revenue 2020: $91,563,538Expenses 2020: $87,184,694Net Income 2020: $4,378,8442020Revenue 2021: $97,074,458Expenses 2021: $87,679,832Net Income 2021: $9,394,6262021Revenue 2022: $105,669,415Expenses 2022: $96,622,670Net Income 2022: $9,046,7452022Revenue 2023: $112,585,937Expenses 2023: $105,813,126Net Income 2023: $6,772,8112023Revenue 2024: $112,012,967Expenses 2024: $104,899,096Net Income 2024: $7,113,8712024Revenue 2025: $121,157,075Expenses 2025: $113,066,623Net Income 2025: $8,090,4522025

Highlighted filing

2019

Revenue$92,711,202
Expenses$89,531,245
Net Income$3,179,957
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 29, 2020
Return Version
2018v3.2
Gross Receipts
$92,711,202
Mission and Program Overview

Mission

Svec is a service organization meeting our member/customers' energy and community needs.

Our mission is to provide sales of electricity to members and provide our members a monthly magazine and newsletter.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$106,698,195$114,658,261▲ $7,960,066
Rtn Earn Endowment Incm Other Fnds$75,685,650$78,773,846▲ $3,088,196
Accounts Receivable$3,373,453$3,341,225▼ $32,228
Other Notes and Loans Receivable, Net$2,700,910$2,867,368▲ $166,458
Savings and Temporary Cash Investments$2,522,665$2,111,437▼ $411,228
Cash and Non-Interest-Bearing Accounts$767,196$1,826,509▲ $1,059,313
Prepaid Expenses and Deferred Charges$2,104,416$1,780,285▼ $324,131
Inventories for Sale or Use$1,277,064$1,307,498▲ $30,434
Investments Program Related$878,024$913,490▲ $35,466
Total Assets$125,687,349$134,666,582▲ $8,979,233
Other Assets Total$5,365,426$5,860,509▲ $495,083
Liabilities
Mortgage Notes Payable Secured by Investment Property$32,037,195$35,072,344▲ $3,035,149
Accounts Payable and Accrued Expenses$12,702,235$13,515,794▲ $813,559
Other Liabilities$5,262,269$7,304,598▲ $2,042,329
Total Liabilities$50,001,699$55,892,736▲ $5,891,037
Net Assets / Fund Balance
Total Net Assets Fund Balance$75,685,650$78,773,846▲ $3,088,196
Total Liabilities and Net Assets / Fund Balance$125,687,349$134,666,582▲ $8,979,233

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$100,228,964$87,932,735$188,161,699
Buildings$8,297,696$3,167,190$11,464,886
Other Land Buildings$4,657,924-$4,657,924
Land$1,473,677-$1,175,122
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry Michael PartinCEOFT$200,279$130,902$322,113
Danny KirkendollCOOFT$139,283$105,242$254,593
F a Hatfield JrCFOFT$125,013$86,034$210,047
Joel E RobertsLinemanFT$141,167$60,546$201,713
Andrew R NunleyLinemanFT$131,017$24,766$155,783
Joshua SlattonLinemanFT$123,971$25,094$149,065
Jordan BrownLinemanFT$128,071$19,603$147,674
Cory LayneLinemanFT$122,012$13,089$135,101
Michael JordanBoard Chairm-$9,635-$9,635
William GastonDirector-$9,440-$9,440
Judy FultsSecretary/tr-$8,015-$8,015
Jerry Don ThomasDirector-$7,265-$7,265
Travis SmithDirector-$6,975-$6,975
Bobby Gravitt JrDirector-$6,685-$6,685
Robert SherrillDirector-$6,540-$6,540
Roger PowellVice-chairma-$6,540-$6,540
John NaleDirector-$6,165-$6,165
Randall GilliamDirector-$4,800-$4,800
Daniel DavenportDirector-$3,815-$3,815

Highest Paid Contractors

ContractorServicesLocationCompensation
Loftis UndergroundFiber Optic Cab1025 GREEN MEADOW RD, Cookeville, TN 38506$2,340,993
Kgp CompanyFiber ProductsPO BOX 809017, Chicago, IL 60680$1,993,212
Service ElectricLine ExtensionPO BOX 277790, Atlanta, GA 30384-7790$1,552,447
Fiberrise Communications ServiceFiber Network C12060 COUNTY LINE ROAD, Madison, AL 35756$1,339,395
Lewis Tree Service INCTree TrimmingPO BOX 731897, Dallas, TX 75373$1,068,167
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$92,219,321
Investment Income
$491,881
Other Revenue
$0
Change in Net Assets
$3,179,957

Audited Revenue Reconciliation

Revenue per Audited Statements
$92,711,202
Total Revenue per Audited Statements
$92,711,202
Total Revenue per Form 990
$92,711,202
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,350,741
Salaries, Compensation, and Employee Benefits$12,180,504
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$6,395,038
Other Salaries and Wages---$6,372,444
Other Employee Benefits---$2,632,161
Pension Plan Contributions---$1,851,371
Occupancy---$1,488,444
Current Officers, Directors, Trustees, and Key Employees---$822,066
Payroll Taxes---$502,462
Information Technology---$497,845
Advertising---$293,798
Office Expenses---$258,206
Insurance---$257,087
Other Expenses---$215,818
Travel---$121,850
Conferences and Meetings---$60,464
Fees for Services Management---$25,270
Fees for Services Accounting---$20,100
Fees for Services Legal---$18,550
Fees for Services Other---$12,500
Total Functional Expenses$0$0$0$89,531,245

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$89,531,245
Total Expenses per Audited Statements$89,531,245
Total Expenses per Form 990$89,531,245
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Deposits$3,409,347
Cobank Line of Credit$3,000,000
Loan From Sv Services$600,000
Deferred Compensation$295,251
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization is a nonprofit electric cooperative that is member owned. There is only one class of members. All members have the right to elect the members of the board of directors (the governing body of svec).

Form 990, Page 6, Part VI, Line 7A

The members of the cooperative elect cooperative elect board members based on which district the member lives in. Board members must live in the district they represent and serve four-year terms.

Form 990, Page 6, Part VI, Line 11B

The board chairman, ceo, coo and vp of administrative services review the irs form 990 prior to its issuance.

Form 990, Page 6, Part VI, Line 12C

The directors are asked to complete a survey each year to ensure there are no conflicts of interest.

Form 990, Page 6, Part VI, Line 15A

The chairman of the board reviews the ceo compensation annually to comparative data from cooperativesfrom state and national organizations.

Form 990, Page 6, Part VI, Line 15B

The ceo determines the compensation of the key employees based upon information of peer groups supplied by state and natial cooperative associations.

Form 990, Page 6, Part VI, Line 19

The bylaws are available on the cooperatives website and are available to members and nonmembers. Other information regarding the cooperative is sent out in the monthly newsletter and magazine.

Filing and Contact Details

Filer

Filer Name
Sequachee Valley Electric
EIN
62-0352367
Phone
4238378605
Address
PO BOX 31, SOUTH PITTSBURG, TN 37380

Signing Officer

Name
Michael Jordan
Title
Board Chairman
Phone
4238378605
Signed
2020-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Jordan
Formed
1939
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
91

Preparer

Firm
Winnett Associates Pllc
Address
PO BOX 745, SHELBYVILLE, TN 37162-0745
Preparer
Patrick R Lile
Phone
9316847142
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 2

Provision of broadband internet access , tv and telecommunications services via fiber optic network to rural homes and businesses in the cooperative's service area.

Form 990, Part XI, Line 9

Sv connect equity as of 6-30-18 -91,761

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm9RANDALL GILLIAM
IRS990/Form990PartVIISectionAGrp/PersonNm10DANIEL DAVENPORT
IRS990/Form990PartVIISectionAGrp/PersonNm11TERRY MICHAEL PARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm12F A HATFIELD JR
IRS990/Form990PartVIISectionAGrp/PersonNm13DANNY KIRKENDOLL
IRS990/Form990PartVIISectionAGrp/PersonNm14JOEL E ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm15ANDREW R NUNLEY
IRS990/Form990PartVIISectionAGrp/PersonNm16JORDAN BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm17JOSHUA SLATTON
IRS990/Form990PartVIISectionAGrp/PersonNm18CORY LAYNE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt09635
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19440
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28015
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt37265
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt46975
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt56685
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt66540
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt76540
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt86165
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt94800
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12147913
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15131194
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16128071
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17123971
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18122012
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIRM
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE-CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt13COO
IRS990/Form990PartVIISectionAGrp/TitleTxt14LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt16LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt17LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt18LINEMAN
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01939
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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt015738
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt015738
IRS990/GrossReceiptsAmt092711202
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt025
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0497845
IRS990/InsuranceGrp/TotalAmt0257087
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01277064
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01307498
IRS990/InvestmentIncomeGrp/ExclusionAmt0476143
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0476143
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0878024
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0913490
IRS990/IRPDocumentCnt070
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt091099925
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0106698195
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0114658261
IRS990/LandBldgEquipCostOrOtherBssAmt0205758186
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt090502132
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0SVEC IS A SERVICE ORGANIZATION MEETING OUR MEMBER/CUSTOMERS' ENERGY AND COMMUNITY NEEDS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt032037195
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt035072344
IRS990/NetAssetsOrFundBalancesBOYAmt075685650
IRS990/NetAssetsOrFundBalancesEOYAmt078773846
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt015738
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt015738
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt01488444
IRS990/OfficeExpensesGrp/TotalAmt0258206
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05365426
IRS990/OtherAssetsTotalGrp/EOYAmt05860509
IRS990/OtherChangesInNetAssetsAmt0-91761
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02632161
IRS990/OtherExpensesGrp/Desc0COST OF POWER PURCHASED
IRS990/OtherExpensesGrp/Desc1FIBER DISTRIBUTION
IRS990/OtherExpensesGrp/Desc2ALL OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3COST OF SERVICE-SV CONNEC
IRS990/OtherExpensesGrp/TotalAmt067108075
IRS990/OtherExpensesGrp/TotalAmt1350795
IRS990/OtherExpensesGrp/TotalAmt2226901
IRS990/OtherExpensesGrp/TotalAmt3215818
IRS990/OtherLiabilitiesGrp/BOYAmt05262269
IRS990/OtherLiabilitiesGrp/EOYAmt07304598
IRS990/OtherSalariesAndWagesGrp/TotalAmt06372444
IRS990/OtherSourcesGrossIncomeAmt0491881
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02700910
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02867368
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt0502462
IRS990/PensionPlanContributionsGrp/TotalAmt01851371
IRS990/PoliticalCampaignActyInd0true
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02104416
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01780285
IRS990/PrincipalOfficerNm0MICHAEL JORDAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1POLE RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE REVENUE - SV CONNECT
IRS990/ProgramServiceRevenueGrp/Desc3LEASE OF FIBER
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01214308
IRS990/ProgramServiceRevenueGrp/ExclusionAmt132640
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt090502132
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1470241
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt090502132
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11214308
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2470241
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt332640
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVISION OF BROADBAND INTERNET ACCESS , TV AND TELECOMMUNICATIONS SERVICES VIA FIBER OPTIC NETWORK TO RURAL HOMES AND BUSINESSES IN THE COOPERATIVE'S SERVICE AREA.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0375130
IRS990/PYOtherExpensesAmt077420286
IRS990/PYOtherRevenueAmt039408
IRS990/PYProgramServiceRevenueAmt091491889
IRS990/PYRevenuesLessExpensesAmt03161757
IRS990/PYSalariesCompEmpBnftPaidAmt011324384
IRS990/PYTotalExpensesAmt088744670
IRS990/PYTotalRevenueAmt091906427
IRS990/ReconcilationRevenueExpnssAmt03179957
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt075685650
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt078773846
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02522665
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02111437
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/Section527PoliticalOrgGrp/ContributionsRcvdDlvrAmt04550
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0530116145
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0NRECA ACTION COMMITTEE FOR RURAL
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine2Txt0ELECTRIFICATION
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt04301 WILSON BOULEVARD
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0ARLINGTON
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd022203
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WITHHELD VOLUNTARY DEDUCTIONS FROM EMPLOYEES' COMPENSATION AND COLLECTED AMOUNTS FROM INDIVIDUAL BOARD MEMBERS AND REMITTED THESE FUNDS TO THE NATIONAL RURAL ELECTRIFICATION COOPERATIVE ASSOCIATION ACTION COMMITTEE FOR RURAL ELECTRIFICATION (A POLITICAL ACTION COMMITTEE REGISTERED WITH THE FEDERAL ELECTION COMMISSION). THE ORGANIZATION DID NOT COMMIT ANY OF ITS OPERATING FUNDS TO THIS POLITICAL ACTION COMMITTEE.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART I-A, LINE 1
IRS990ScheduleD/BuildingsGrp/BookValueAmt08297696
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03167190
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt011464886
IRS990ScheduleD/EquipmentGrp/BookValueAmt0100228964
IRS990ScheduleD/EquipmentGrp/DepreciationAmt087932735
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0188161699
IRS990ScheduleD/ExpensesSubtotalAmt089531245
IRS990ScheduleD/LandGrp/BookValueAmt01473677
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0298555
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01175122
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04657924
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04657924
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03409347
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13000000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2600000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3295251
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COBANK LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2LOAN FROM SV SERVICES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DEFERRED COMPENSATION
IRS990ScheduleD/RevenueSubtotalAmt092711202
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0114658261
IRS990ScheduleD/TotalExpensesPerForm990Amt089531245
IRS990ScheduleD/TotalLiabilityAmt07304598
IRS990ScheduleD/TotalRevenuePerForm990Amt092711202

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$195$70.3$125$121$113$8.09
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$180$63.5$117$112$105$7.11
2023Detailed filing. Detailed filing data is available for this year.$171$61.4$110$113$106$6.77
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$166$63.1$103$106$96.6$9.05
2021Detailed filing. Detailed filing data is available for this year.$157$63.4$93.6$97.1$87.7$9.39
2020Detailed filing. Detailed filing data is available for this year.$150$65.8$84.2$91.6$87.2$4.38
2019Detailed filing. Detailed filing data is available for this year.$135$55.9$78.8$92.7$89.5$3.18
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2017Summary only. Only limited summary data is available for this year.$123$50.4$72.5$88.9$84.9$4.02
2016Summary only. Only limited summary data is available for this year.$118$49.1$68.5$84.2$82.0$2.17
2015Summary only. Only limited summary data is available for this year.$110$43.3$66.3$86.9$83.8$3.03
2014Summary only. Only limited summary data is available for this year.$107$43.8$63.3$85.4$82.1$3.24
2013Summary only. Only limited summary data is available for this year.$104$44.3$60.1$81.5$78.7$2.84
2012Summary only. Only limited summary data is available for this year.$98.8$41.6$57.2$78.6$75.6$3.00
2011Summary only. Only limited summary data is available for this year.$96.9$42.7$54.2$81.7$79.4$2.29
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.8$40.9$51.9$71.6