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Nonprofit · EIN 53-0116145

NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION

Tax-exempt · ARLINGTON, VA 22203

Financials

$213.2M$204.8M2023$227.3M$220.9M2024
Revenue Expenses · by fiscal year end
Financials of NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$227,345,758$220,881,253$6,464,505$291,115,816$186,539,163$104,576,653
December 31, 2023990$213,167,702$204,797,431$8,370,271$263,124,065$162,815,034$100,309,031
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$197,293,430
Investment income
$4,180,215
Royalties
$675,352
Net rental income
$4,533,886
Other revenue
$25,872,113

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$6,674,348
Other salaries and wages
$94,533,360
Salaries, compensation and benefits (total)
$140,565,472
Professional fundraising fees
$0
Legal fees
$1,639,050
Accounting fees
$120,997
Occupancy
$1,409,103
Travel
$7,164,670
Depreciation
$6,538,325

Balance sheet and other

Total assets, start of year
$263,124,065
Total assets, end of year
$291,115,816
Total liabilities, end of year
$186,539,163
Net assets, end of year
$104,576,653
Land, buildings and equipment
$73,426,031
Publicly traded securities
$76,078,060
Gross unrelated business income
$6,953,339
Gross receipts
$234,728,203
Employees
801
Volunteers
0
Year formed
1942
State of legal domicile
DC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JIM MATHESONCHIEF EXECUTIVE OFFICER
Officer
49$2,946,380$630,092
PETER BAXTERSVP INSURANCE & FINANCIAL SERV
Key employee
57$1,235,344$139,737
JEFFREY CONNORCHIEF OPERATING OFFICER
Officer
49$851,814$118,470
LOUIS FINKELSVP GOVERNMENT RELATIONS
Highest-paid employee
51$796,660$138,376
COREY AMONVP INVESTMENT STRATEGY AND PERFORMANCE
Highest-paid employee
40$814,649$102,088
WAYNE MCGURKSVP CHIEF INFORMATION OFFICER
Key employee
47$648,366$156,361
DIGNA LOUISCHIEF FINANCIAL OFFICER
Officer
47$674,553$128,430
DAVID SCOTT BARASHSVP AND GENERAL COUNSEL
Highest-paid employee
44$516,073$142,435
ANGELA STRICKLANDSVP BUSINESS AND TECHNOLOGY
Key employee
51$462,098$130,317
KENNETH ALLEN LISAIUSSVP COMMUNICATIONS
Highest-paid employee
45$466,984$93,086
SHARMILLA PRADHANVP CHIEF INFORMATION SECURITY OFFICER
Highest-paid employee
46$437,935$88,679
TONY ANDERSONPRESIDENT, DIRECTOR
Trustee or director, Officer
23$125,200$0
INGRID KESSLERSEC-TREASURER, DIRECTOR
Trustee or director, Officer
22.4$45,767$22,000
CHRIS CHRISTENSENDIRECTOR
Trustee or director
9.8$57,400$0
GENE HERRITTDIRECTOR
Trustee or director
3.8$21,650$24,800
54 more people on this return
NameTitleHours / weekCompensationOther / benefits
MEL COLEMANDIRECTOR
Trustee or director
6.2$41,400$0
BRYAN CASEDIRECTOR
Trustee or director
7.8$41,200$0
GENE MORRISDIRECTOR (AS OF 03/24)
Trustee or director
5.6$41,200$0
DAVID SPRADLINDIRECTOR
Trustee or director
6.3$39,200$0
JENNIFER MEASONDIRECTOR (AS OF 03/24)
Trustee or director
8$39,200$0
RANDY KLEAVINGDIRECTOR
Trustee or director
8.1$38,800$0
GREG STREHLEDIRECTOR
Trustee or director
5$38,500$0
JIM WEBBDIRECTOR
Trustee or director
2.5$37,500$0
DON DOUGLASDIRECTOR
Trustee or director
4.6$37,400$0
JESSICA NELSONDIRECTOR
Trustee or director
5.5$37,300$0
LYNN JACOBSONDIRECTOR
Trustee or director
5.6$24,300$12,000
KERRY KELTONDIRECTOR
Trustee or director
6.1$35,900$0
CAROLYN TURNERDIRECTOR
Trustee or director
3.9$35,400$0
DONNIE SPIVEYDIRECTOR
Trustee or director
3.7$34,650$0
DAVID HEMBREEDIRECTOR
Trustee or director
6$34,550$0
JEFFERY WRIGHTDIRECTOR
Trustee or director
4.6$34,200$0
MARK HOFERDIRECTOR
Trustee or director
13.1$34,000$0
MARTY LITTRELDIRECTOR
Trustee or director
4.6$34,000$0
DAN SAULSGIVERDIRECTOR
Trustee or director
3.7$33,550$0
CASEY LOGANDIRECTOR
Trustee or director
6.3$33,200$0
PATRICK MORSEDIRECTOR
Trustee or director
4.3$33,200$0
JASEN BRONECDIRECTOR (AS OF 03/24)
Trustee or director
7.5$32,600$0
ED CRAWFORDDIRECTOR
Trustee or director
7.3$32,250$0
MADELINE MCELANEYDIRECTOR (as of 03/24)
Trustee or director
0.3$32,200$0
CRYSTAL ENKVISTDIRECTOR (as of 03/24)
Trustee or director
5.2$31,200$0
J TYLER CARLSONDIRECTOR (as of 03/24)
Trustee or director
4.5$10,600$19,800
NATHANIEL JOHNSONDIRECTOR (as of 03/24)
Trustee or director
4.9$30,400$0
DENNIS HERMANDIRECTOR (as of 03/24)
Trustee or director
3.1$29,850$0
DANNY BERTHELOTDIRECTOR
Trustee or director
5.7$29,200$0
RON WATSONDIRECTOR
Trustee or director
16.3$29,200$0
MARION DENGERDIRECTOR
Trustee or director
43.5$28,100$0
CHRIS HAMONDIRECTOR
Trustee or director
6.1$27,000$0
MIKE PARTINVICE PRESIDENT
Trustee or director, Officer
20.4$25,250$0
DAVID IHADIRECTOR
Trustee or director
5.5$25,250$0
KEVIN DODDRIDGEDIRECTOR
Trustee or director
4.3$25,250$0
STEVEN W WALTERFORMER DIRECTOR
Trustee or director
1$25,250$0
TIMOTHY VELDEDIRECTOR
Trustee or director
15.8$25,250$0
TOM BROWNDIRECTOR (as of 03/24)
Trustee or director
2.2$25,250$0
TOM MADSENDIRECTOR
Trustee or director
6.4$25,250$0
WARREN GOETSCHDIRECTOR
Trustee or director
5.4$25,250$0
NORRIS FOWLERDIRECTOR
Trustee or director
6.7$24,650$0
JEFF RATHELLDIRECTOR
Trustee or director
5.4$24,500$0
JUDI ANIBASDIRECTOR (as of 03/24)
Trustee or director
6.3$23,550$0
SCOTT HALLOWELLDIRECTOR
Trustee or director
5.1$18,900$0
RANDY SHAWDIRECTOR
Trustee or director
3.5$12,400$0
JOE MARTINFORMER DIRECTOR
Trustee or director
2.1$12,000$0
CURTIS NOLANFORMER DIRECTOR
Trustee or director
1.2$11,000$0
MEERA KOHLERFORMER DIRECTOR
Trustee or director
1.2$11,000$0
GALEN MILLSFORMER DIRECTOR
Trustee or director
1.8$10,000$0
JEFFREY PETERSONFORMER DIRECTOR
Trustee or director
1$10,000$0
KENNETH COLBURNDIRECTOR
Trustee or director
1.1$10,000$0
EMORY HUNTERFORMER DIRECTOR
Trustee or director
0.6$4,000$0
CHARLES SIMMONSFORMER DIRECTOR
Trustee or director
0.2$0$0
TIMOTHY J SMITHFORMER DIRECTOR
Trustee or director
4.6$0$0
990 for the year ended December 31, 2023: 61 people
NameTitleHours / weekCompensationOther / benefits
JIM MATHESONCHIEF EXECUTIVE OFFICER
Officer
47.6$2,804,429$327,143
PETER BAXTERSVP INSURANCE & FINANCIAL SERV
Key employee
54.6$1,107,481$129,377
WAYNE MCGURKSVP CHIEF INFORMATION OFFICER
Officer
48$702,745$201,195
COREY AMONVP INVESTMENT STRATEGY & PERFO
Highest-paid employee
40$779,507$91,298
JEFFREY CONNORCHIEF OPERATING OFFICER
Key employee
46.8$713,577$112,610
LOUIS FINKELSVP GOVERNMENT RELATIONS
Highest-paid employee
51$681,741$115,157
DIGNA LOUISCHIEF FINANCIAL OFFICER
Officer
42.8$566,945$90,598
DAVID SCOTT BARASHSVP & GENERAL COUNSEL
Highest-paid employee
44$475,367$96,299
ANGELA STRICKLANDSVP BUSINESS & TECHNOLOGY
Highest-paid employee
53$454,573$52,815
DANIELLE SIEVERLINGVP RISK & COMPLIANCE OFFICER
Highest-paid employee
52$400,172$61,113
TONY ANDERSONPRESIDENT, DIRECTOR
Trustee or director, Officer
16.7$96,000$0
JOE MARTINVICE PRESIDENT, DIRECTOR
Trustee or director, Officer
12.17$55,000$0
MIKE PARTINSEC-TREASURER, DIRECTOR
Trustee or director, Officer
5$51,082$0
LYNN JACOBSONDIRECTOR
Trustee or director
7$12,500$22,500
DAVID SPRADLINDIRECTOR
Trustee or director
4.8$34,000$0
BRYAN CASEDIRECTOR
Trustee or director
7.8$29,500$0
DON DOUGLASDIRECTOR
Trustee or director
3$29,000$0
SCOTT HALLOWELLDIRECTOR
Trustee or director
5$27,750$0
STEVEN WALTERDIRECTOR
Trustee or director
8$27,750$0
MARK HOFERDIRECTOR
Trustee or director
12.3$27,000$0
CHRISTOPHER HAMONDIRECTOR
Trustee or director
5$25,500$0
JAMES WEBBDIRECTOR
Trustee or director
4$25,250$0
MARION DENGERDIRECTOR
Trustee or director
34.5$25,000$0
RON WATSONDIRECTOR
Trustee or director
5$25,000$0
REUBEN RITTHALERDIRECTOR (UNTIL 1/1/2023)
Former
0$25,000$0
KEVIN DODDRIDGEDIRECTOR
Trustee or director
4$24,500$0
MARTY LITTRELDIRECTOR
Trustee or director
2.8$24,500$0
DANNY BERTHELOTDIRECTOR
Trustee or director
3$24,250$0
ED CRAWFORDDIRECTOR
Trustee or director
3$24,250$0
JEFFERY WRIGHTDIRECTOR
Trustee or director
8$24,250$0
HUNTER EMORYDIRECTOR
Trustee or director
1$24,000$0
CURTIS NOLANDIRECTOR
Trustee or director
2$18,000$6,000
DAVID IHADIRECTOR
Trustee or director
7.8$23,250$0
WARREN GOETSCHDIRECTOR
Trustee or director
4$23,000$0
INGRID KESSLERDIRECTOR
Trustee or director
14$0$22,500
MEERA KOHLERDIRECTOR
Trustee or director
5.8$22,000$0
JEFFREY RATHELLDIRECTOR
Trustee or director
4$21,650$0
DANIEL SAULSGIVERDIRECTOR
Trustee or director
3$21,500$0
TIM VELDEDIRECTOR
Trustee or director
6.8$21,250$0
KERRY KELTONDIRECTOR
Trustee or director
14.6$21,000$0
RANDY KLEAVINGDIRECTOR
Trustee or director
9$21,000$0
JESSICA NELSONDIRECTOR
Trustee or director
7$20,750$0
GREG STREHLEDIRECTOR
Trustee or director
8$20,750$0
CAROLYN TURNERDIRECTOR
Trustee or director
5$20,250$0
KENNETH COLBURNDIRECTOR
Trustee or director
5.8$20,000$0
NORRIS FOWLERDIRECTOR
Trustee or director
4$20,000$0
PAT MORSEDIRECTOR
Trustee or director
4$20,000$0
JEFFREY PETERSONDIRECTOR
Trustee or director
5$20,000$0
DONNIE SPIVEYDIRECTOR
Trustee or director
3$20,000$0
DAVID HEMBREEDIRECTOR
Trustee or director
8$19,750$0
MEL COLEMANDIRECTOR
Trustee or director
6.8$19,500$0
THOMAS MADSENDIRECTOR
Trustee or director
6$19,000$0
CARY LOGANDIRECTOR
Trustee or director
5$18,900$0
RANDY SHAWDIRECTOR
Trustee or director
6.8$18,250$0
GALEN MILLSDIRECTOR
Trustee or director
5$17,250$0
S EUGENE GENE HERRITTDIRECTOR
Trustee or director
3$4,000$10,000
CHRIS CHRISTENSENDIRECTOR
Trustee or director
25.3$12,404$0
CHUCK SIMMONSDIRECTOR
Trustee or director
5$12,000$0
OLIN DAVISDIRECTOR (UNTIL 3/5/2023)
Trustee or director
5$6,000$0
JOHN LEEDIRECTOR (UNTIL 1/23/2023)
Trustee or director
0$0$0
TIMOTHY J SMITHDIRECTOR
Trustee or director
8$0$0

Address and contacts

Address (IRS master file)
4301 WILSON BLVD, ARLINGTON, VA 22203-4419
In care of
% DIGNA LOUIS
Principal officer (990 for 2024)
JIM MATHESON, 4301 WILSON BLVD FIN8-110, ARLINGTON, VA 22203
Signed the 990
DIGNA LOUIS, CFO
Phone
(703) 907-5960
Website
NRECA.COOP
Return prepared by
BDO USA

Mission

NRECA'S PURPOSE IS TO ENGAGE IN THE COMPILATION AND DISSEMINATION OF INFORMATION WITH RESPECT TO RURAL ELECTRIFICATION AND THE FURNISHING OF OTHER SERVICES TO RURAL ELECTRIC COOPERATIVES AND OTHERS IN CONNECTION WITH THE COORDINATION, ADVANCEMENT, AND DEVELOPMENT OF RURAL ELECTRIFICATION IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, FOR THE PRIMARY AND MUTUAL BENEFIT OF THE VOTING MEMBERS OF THE ASSOCIATION AND THEIR CONSUMER-MEMBERS. NRECA'S MISSION IS TO PROMOTE, SUPPORT AND PROTECT THE COMMUNITY AND BUSINESS INTERESTS OF ELECTRIC COOPERATIVES.

990 for the year ended December 31, 2024

Program accomplishments

  • REGULATORY, LEGAL, AND LEGISLATIVE: NRECA PROVIDES SUPPORT SERVICES TO VOTING MEMBERS RELATED TO COMPLIANCE, LEGAL, AND REGULATORY ISSUES. IN ADDITION, NRECA EDUCATES AND ADVOCATES TO MEMBERS OF CONGRESS AND THEIR STAFF, FEDERAL AGENCIES, AND THE ADMINISTRATION ON POLICY ISSUES IMPACTING NRECA VOTING MEMBERS AND THE 42 MILLION CONSUMER-MEMBERS SERVED BY NRECA VOTING MEMBERS, AND KEEPS OUR MEMBERSHIP INVOLVED WITH THE LEGISLATIVE PROCESS.
  • CONSULTING, TRAINING, AND CONFERENCES: NRECA PROVIDES VOTING MEMBERS WITH ESSENTIAL INDUSTRY SPECIFIC TRAINING AS WELL AS DIRECTOR, MANAGER, AND EMPLOYEE TRAINING; CONSULTING RELATED TO THE ORGANIZATION AND PROCESS IMPROVEMENTS, AND INDUSTRY AND TECHNOLOGICAL CHANGES; AND CONFERENCES AND MEMBERSHIP MEETINGS, PROMOTING COLLABORATION AND NETWORKING.
  • MULTIPLE EMPLOYER BENEFIT PLAN ADMINISTRATION: NRECA PROVIDES PLAN ADMINISTRATION SERVICES TO THREE MULTIPLE EMPLOYER BENEFIT PROGRAMS IN WHICH MOST NRECA VOTING MEMBERS, AND SOME NRECA NONVOTING MEMBERS, CAN PARTICIPATE. THEY CONSIST OF TWO RETIREMENT PROGRAMS, THE NRECA RETIREMENT SECURITY PLAN, WHICH IS A DEFINED BENEFIT PENSION PLAN, AND THE NRECA 401(K) PENSION PLAN, WHICH IS A DEFINED CONTRIBUTION PENSION PLAN. BOTH PLANS ARE TAX QUALIFIED BENEFIT PLANS UNDER THE INTERNAL REVENUE CODE AND ARE REGULATED BY THE EMPLOYEE RETIREMENT INCOME SECURITY ACT. THESE TWO PLANS SERVE MORE THAN 60,000 ACTIVE AND RETIRED EMPLOYEES OF MOST NRECA VOTING MEMBERS AND SOME NRECA NONVOTING MEMBERS. THE THIRD PLAN IS THE NRECA GROUP BENEFITS PROGRAM, WHICH IS A VEBA TRUST THAT PROVIDES MEDICAL, DENTAL, VISION, AND DISABILITY COVERAGE, AND WHICH PROVIDES LIFE, AD&D, AND BUSINESS TRAVEL ACCIDENT INSURANCE, TO MOST NRECA VOTING MEMBERS AND SOME NRECA NONVOTING MEMBERS. THIS VEBA TRUST IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(9).

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
53-0116145
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1947
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$291,115,816
Income (IRS master file)
$234,728,203

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$227,345,758$220,881,253$291,115,816IRS
990December 2023$213,167,702$204,797,431$263,124,065XML
990December 2022$205,720,476$204,982,837$253,418,209IRS
990December 2021$194,864,336$197,265,051$240,890,294IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 53-0116145).

Questions about NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION

What is the EIN of NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION?
The employer identification number (EIN) of NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION is 53-0116145.
Is NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1947.
Are donations to NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION?
The 990 for the year ended December 31, 2024 names JIM MATHESON.
Who are the officers and directors of NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 69 people; 67 received compensation from the organization, the highest $2,946,380 (JIM MATHESON, CHIEF EXECUTIVE OFFICER).
How much revenue does NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $227,345,758, expenses of $220,881,253 and total assets of $291,115,816 at year end.

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