Alabama Rural Electric Association Of Cooperatives
- Assets
- $6.9m
- Revenue
- $8.4m
- Investments
- $1.3m
- Employees
- 22
- Location
- Montgomery, AL
- Founding
- 04/1954
- Data as of
- 12/2023
- EIN
- 63-0264081
Organization Overview
Alabama Rural Electric Association Of Cooperatives is located in Montgomery, AL. The organization was established in 1954. 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 12/2023, Alabama Rural Electric Association Of Cooperatives employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Rural Electric Association Of Cooperatives 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 12/2023, Alabama Rural Electric Association Of Cooperatives generated $8.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $8.1m during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A STATEWIDE TRADE ASSOCIATION WHICH SERVES AS A RESOURCE THROUGH WHICH ITS ELECTRIC COOPERATIVE MEMBERS ARE PROVIDED SERVICES FOR THE CONTINUATION AND ADVANCEMENT OF THE RURAL ELECTRIFICATION PROGRAM IN ALABAMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATIONS - THE ASSOCIATION PUBLISHED "ALABAMA LIVING," A MONTHLY MAGAZINE, WHICH PROVIDED THE COOPERATIVES AN AVENUE TO COMMUNICATE WITH THEIR MEMBERSHIP.
TRAINING AND DEVELOPMENT - THE ASSOCIATION PROVIDED TRAINING FOR EMPLOYEES AND DIRECTORS OF THE RURAL ELECTRIC COOPERATIVES. TRAINING AREAS INCLUDED UTILITY LINE WORK, UTILITY CONSTRUCTION, SAFETY, MANAGEMENT SKILLS, ACCOUNTING SKILLS, HR SKILLS, CUSTOMER SERVICE, LEADERSHIP SKILLS, DIRECTOR RESPONSIBILITIES, AND ROLES.
SAFETY, LOSS CONTROL, AND REGULATORY COMPLIANCE - THE ASSOCIATION PROVIDED RESOURCES AND SERVICES TO EDUCATE AND TRAIN COOPERATIVE EMPLOYEES AND MANAGEMENT OF SAFETY AND REGULATORY ISSUES TO MAKE A SAFER WORKING ENVIRONMENT IN A DANGEROUS INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Chandler Director | Trustee | 1.23 | $0 |
Steve Foshee Director | Trustee | 0.31 | $0 |
Scott Bobo Director | Trustee | 1.23 | $0 |
Gary Harrison Director | Trustee | 1.23 | $0 |
David Hembree Director | Trustee | 2.15 | $7,000 |
Roland Hendon Director/vice-Chairman | Trustee | 2.31 | $7,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeport Press Printing | 12/30/23 | $1,457,085 |
United States Postal Service Postage | 12/30/23 | $864,847 |
Tvppa Training | 12/30/23 | $481,283 |
Mittera Group Printing | 12/30/23 | $298,278 |
Graphic Communications Paper | 12/30/23 | $269,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,939,269 |
| 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 | $3,939,269 |
| Total Program Service Revenue | $4,200,030 |
| Investment income | $107,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $35,930 |
| 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 | $8,357,129 |
| 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. | $1,487,864 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $569,903 |
| Pension plan accruals and contributions | $549,821 |
| Other employee benefits | $469,339 |
| Payroll taxes | $170,413 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,193 |
| Fees for services: Accounting | $27,875 |
| Fees for services: Lobbying | $100,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,210 |
| Fees for services: Other | $81,528 |
| Advertising and promotion | $0 |
| Office expenses | $228,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,066 |
| Travel | $203,577 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,429,891 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,932 |
| Insurance | $30,837 |
| All other expenses | $14,796 |
| Total functional expenses | $8,113,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,757,077 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,393,924 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,938 |
| Prepaid expenses and deferred charges | $229,159 |
| Net Land, buildings, and equipment | $1,071,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,337,453 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,699 |
| Total assets | $6,890,362 |
| Accounts payable and accrued expenses | $603,758 |
| Grants payable | $0 |
| Deferred revenue | $273,244 |
| 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 | $367,093 |
| Total liabilities | $1,244,095 |
| Net assets without donor restrictions | $5,646,267 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $6,890,362 |