Nreca International Ltd
- Assets
- $16.2m
- Revenue
- $20.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Arlington, VA
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 52-1387851
Organization Overview
Nreca International Ltd is located in Arlington, VA. The organization was established in 2016. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Nreca International Ltd employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nreca International Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Nreca International Ltd generated $20.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $20.4m during the year ending 12/2022. While expenses have increased by 6.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL, MANAGEMENT AND SUPERVISORY RURAL ELECTRIFICATION ENGINEERING SERVICES. THESE PROGRAMS PROVIDE RURAL ELECTRIFICATION ENGINEERING MANAGEMENT & SUPERVISORY ASSISTANCE TO CUSTOMERS. IN 2022, THE ORGANIZATION PROVIDED SUPERVISORY AND TECHNICAL ADVISORY SERVICES TO SEVERAL OPERATING COOPERATIVES AND FOREIGN AGENCIES IN LIBERIA, NIGERIA AND MOZAMBIQUE. IN HAITI, NRECA INTERNATIONAL PROVIDED DIRECT UTILITY MANAGEMENT SERVICES FOR THE GOVERNMENT OF HAITI TO AN EXISTING OPERATING UTILITY.
RURAL ELECTRIFICATION DEVELOPMENT- SPECIALIZED ENGINEERING/TECHNICAL ASSISTANCE, SURVEYS & STUDIES PROGRAMS. THESE PROGRAMS PROVIDE VARIOUS TYPES OF RURAL ELECTRIFICATION ENGINEERING, TECHNICAL SURVEYS & ASSISTANCE TO GOVERNMENTS, AGENCIES, COMMUNITIES AND PRIVATE ENTITIES LOCATED IN DEVELOPING COUNTRIES. DURING 2022, NRECA INTERNATIONAL PROVIDED VARIOUS TYPES OF SPECIALIZED ENGINEERING TECHNICAL SUPPORT AND ASSISTED WITH RURAL ELECTRIFICATION DEVELOPMENT IN THE FOLLOWING COUNTRIES: ANGOLA, BANGLADESH, BURUNDI, COLOMBIA, DEMOCRATIC REPUBLIC OF CONGO, ETHIOPIA, GHANA, GUATEMALA, GUINEA, HAITI, LIBERIA, MALAWI, MOZAMBIQUE, NIGERIA, PAPUA NEW GUINEA, PHILIPPINES, UGANDA, ZAMBIA, AND ZIMBABWE.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Matheson President, CEO | Officer | 0.19 | $0 |
Veneicia Lockhart VP Finance Thru 4/22 | Officer | 0.06 | $0 |
Jeffrey Connor Vice President As Of 6/22 | Officer | 0.19 | $0 |
Daniel Waddle Senior Vice President | Officer | 50 | $360,912 |
Digna Louis CFO As Of 5/22 | Officer | 0.29 | $0 |
Fernando Mercado Dir, Latin American&caribbean | Officer | 40 | $189,763 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Altaf Hussain Electrical Supervison | 12/30/19 | $233,982 |
Serge Khalife Engineering & Geospatial Design Analysis | 12/30/19 | $169,569 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,589,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $671,232 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,260,279 |
| Total Program Service Revenue | $16,108,951 |
| Investment income | $390 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,957 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,405,577 |
| 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. | $791,989 |
| Compensation of current officers, directors, key employees. | $190,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,999,432 |
| Pension plan accruals and contributions | $358,468 |
| Other employee benefits | $434,932 |
| Payroll taxes | $134,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,074 |
| Fees for services: Accounting | $25,134 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,292,222 |
| Advertising and promotion | $2,974 |
| Office expenses | $75,758 |
| Information technology | $108,861 |
| Royalties | $0 |
| Occupancy | $341,395 |
| Travel | $1,260,941 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,903 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,415 |
| Insurance | $95,400 |
| All other expenses | $0 |
| Total functional expenses | $20,405,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,994,305 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $14,549 |
| Accounts receivable, net | $4,309,967 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $133,527 |
| Net Land, buildings, and equipment | $87,891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,613,679 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,153,918 |
| Accounts payable and accrued expenses | $7,171,509 |
| Grants payable | $0 |
| Deferred revenue | $5,187,610 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,523 |
| Total liabilities | $12,482,642 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,671,276 |
| Total liabilities and net assets/fund balances | $16,153,918 |