Nebraska Rural Electric Association
- Assets
- $2.0m
- Revenue
- $2.4m
- Investments
- $1.3k
- Employees
- 7
- Location
- Lincoln, NE
- Founding
- 01/1948
- Data as of
- 12/2021
- EIN
- 47-0394033
Organization Overview
Nebraska Rural Electric Association is located in Lincoln, NE. The organization was established in 1948. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Nebraska Rural Electric Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Rural Electric Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Nebraska Rural Electric Association generated $2.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF ELECTRIFICATION PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL SERVICES
MAGAZINES
JOB TRAINING AND SAFETY
LEGISLATIVE AND REGULATORY COMPLIANCE EXPENSES 372,471. INCLUDING GRANTS OF 0. REVENUE 4,561. MAGAZINE, DIRECTORY, AND PUBLIC RELATIONS EXPENSES 401,815. INCLUDING GRANTS OF 0. REVENUE 0. MEETING EDUCATION EXPENSES 152,421. INCLUDING GRANTS OF 0. REVENUE 0. PRESIDENT'S AND DIRECTOR'S EXPENSE AND MANAGER EVALUATION EXPENSES 23,172. INCLUDING GRANTS OF 0. REVENUE 0.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Houston General Mana | Officer | 40 | $124,899 |
Kevin Thomas-High West Energy Treasurer | OfficerTrustee | 1 | $0 |
Greg Strehle - Cuming County Ppd Vice Preside | OfficerTrustee | 1 | $0 |
Ac Hecox-Dawson Ppd President | OfficerTrustee | 1 | $0 |
David Keener-Niobrara Electric Ass Director | Trustee | 1 | $0 |
Mark Knaub-Wyrulec Company Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,725,597 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,725,597 |
| Total Program Service Revenue | $540,745 |
| Investment income | $7,832 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,435,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $245,761 |
| Compensation of current officers, directors, key employees. | $31,225 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $329,674 |
| Pension plan accruals and contributions | $103,915 |
| Other employee benefits | $164,262 |
| Payroll taxes | $58,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,309 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,170 |
| Advertising and promotion | $0 |
| Office expenses | $35,313 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,531 |
| Travel | $29,767 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $589,639 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,383 |
| Insurance | $16,546 |
| All other expenses | $92,466 |
| Total functional expenses | $2,321,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,358,283 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,867 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,193 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,244 |
| Net Land, buildings, and equipment | $558,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,250 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,967,725 |
| Accounts payable and accrued expenses | $81,353 |
| Grants payable | $0 |
| Deferred revenue | $262,452 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,509 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $347,314 |
| Net assets without donor restrictions | $1,512,937 |
| Net assets with donor restrictions | $107,474 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,967,725 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nebraska Rural Electric Association has recieved totaling $17,800.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATIONAL FUND-RURAL ELECTRIC YOUTH TOUR | $17,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper County Sheltered Facilities Association Joplin, MO | $6,892,857 | $15,950,127 |
Northeast Missouri Community Action Agency Kirksville, MO | $5,382,186 | $5,648,075 |
Crosspurpose Denver, CO | $7,657,712 | $7,299,106 |
Pulitzer Arts Foundation St Louis, MO | $117,606,800 | $4,950,340 |
Colorado Rural Electric Association Inc Denver, CO | $2,399,350 | $4,202,272 |
South Dakota Rural Electric Association Inc Pierre, SD | $1,829,907 | $2,997,836 |
Missouri Rural Water Association Ashland, MO | $4,721,594 | $3,401,611 |
South Dakota Association Of Rural Water Systems Madison, SD | $2,366,062 | $2,648,175 |
Nebraska Rural Electric Association Lincoln, NE | $1,967,725 | $2,435,267 |
Colorado Rural Water Association Pueblo West, CO | $2,068,157 | $2,065,335 |
Mountain Family Center Granby, CO | $3,090,485 | $1,821,483 |
Progressnow Colorado Education Denver, CO | $548,828 | $940,504 |