2019-07-08T08:58:05-05:00 2018-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2018-01-01 630264081 Alabama Rural Electric Association of Cooperatives ALAB 3342152732 PO Box 244014 Montgomery AL 361244014 Karl G Rayborn Sr. VP & CFO 3342152732 2019-07-02 1 Patrick Cooper P00856177 3348347660 2019-07-01 142.154.130.164 2019-07-02 15:48:29 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2018 2019-02-21 02:37:17Z Fred O Braswell III PO Box 244014 Montgomery AL 361244014 7108974 0 X http://www.areapower.coop X 1947 AL 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. 48 48 28 0 1738524 0 3211407 3326439 3499780 3413008 62636 69586 269950 299941 7043773 7108974 0 0 0 0 2725852 2692063 0 0 0 4153376 3965777 6879228 6657840 164545 451134 6254163 6236790 2030841 1602988 4223322 4633802 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. 0 0 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. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 60 0 1 28 1 1 1 0 0 0 0 0 0 0 X 48 48 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Karl G Rayborn 3342152732 340 TechnaCenter Drive Montgomery AL 36117 A H Akins Director 0.10 X 0 0 0 Linda Arnold Director 0.30 X 4000 0 0 David Bailey Director 0.10 X 0 0 0 Randy Brannon Director/Chairman 0.10 X 0 0 0 Kevin Chandler Director 0.10 X 0 0 0 Terry Darby Director 0.20 X 1500 0 0 Steve Foshee Director 0.10 X 0 0 0 Leland Fuller Director 0.10 X 0 0 0 Scott Bobo Director 0.10 X 0 0 0 Gary Harrison Director 0.10 X 0 0 0 David Hembree Director/ Chairman 1.00 X 7500 0 0 Roland Hendon Director 0.30 X 4500 0 0 Kermit Hill Director 0.30 X 3000 0 0 Lavaughn Holcomb Director 0.40 X 7750 0 0 Bobby Hooper Director 0.10 X 0 0 0 Max Hyatt Director 0.10 X 0 0 0 Tom James Director 0.30 X 3000 0 0 Vince Johnson Director 0.10 X 0 0 0 Daryl Jones Director/Vice-Chairman 0.10 X 0 0 0 Delaney Kervin Director 0.30 X 3000 0 0 George Kitchens Director 0.10 X 0 0 0 Jim McRae Director 0.10 X 4500 0 0 Karen Moore Director 0.30 X 0 0 0 Les Moreland Director 0.10 X 0 0 0 Terry Moseley Director 0.10 X 0 0 0 CB Parker Director 0.30 X 3250 0 0 Bruce Purdy Director 0.30 X 0 0 0 William Rankin Director 0.20 X 2500 0 0 Charles Segars Director 0.30 X 3500 0 0 Mike Simpson Director 0.10 X 0 0 0 Heflin Smith Director 0.30 X 4000 0 0 Grady Smith Director 0.30 X 0 0 0 Gary Smith Director 0.10 X 0 0 0 Van Smith Director 0.30 X 4000 0 0 Tom Stackhouse Director 0.10 X 0 0 0 Louie Ward Director 0.10 X 0 0 0 Tommie Werneth Director/ Secretary/Treasu 0.40 X 7000 0 0 Randal Wilkie Director 0.10 X 0 0 0 Stan Wilson Director 0.10 X 0 0 0 Danny McNeil Director 0.30 X 4000 0 0 Parks Tubbs Director 0.10 X 4500 0 0 Terry Mitchell Director 0.30 X 4500 0 0 Keith Pugh Director 0.30 X 4000 0 0 Andrew Callaway Director 0.20 X 1250 0 0 Charles Short Director 0.10 X 0 0 0 DR Stallworth Director 0.30 X 3500 0 0 John Henry Director 0.10 X 0 0 0 Lowell Bristow Director 0.30 X 3250 0 0 Mary Land Director 0.30 X 0 0 0 Scott Spence Director 0.10 X 0 0 0 Steve Sheffield Director 0.25 X 0 0 0 Tim Culpepper Director 0.13 X 0 0 0 Fred O Braswell President & CEO 40.00 X 339926 0 111888 Karl G Rayborn Sr. VP & CFO 40.00 X 203342 0 125807 Sean Strickler VP - Public Affairs 40.00 X 119761 0 41254 Lenore Vickrey VP - Communications 40.00 X 105000 0 36292 Matty Garr VP - Statewide Services 40.00 X 67946 0 11955 923975 0 327196 4 0 1 0 Freeport Press Inc 2127 Reiser Avenue SE New Philadelphia OH 44663 Printing & Postage 2390937 TVPPA PO Box 6189 Chattanooga TN 374016189 Training 303017 NRECA PO Box 758777 Baltimore MD 212758777 Training 100243 3 3326439 3326439 Conferences/Meetings 611430 1631558 1631558 Advertising 511120 1173120 1173120 Printing 323100 340745 70336 270409 Management Fees 541610 267585 267585 3413008 69586 69586 27410 27410 233651 0 233651 233651 233651 Miscellaneous Revenue 900099 38880 38880 38880 7108974 1740774 1738524 303237 1251171 517245 675103 106988 141556 60280 1765 191062 316707 179444 889301 47649 283200 22801 Printing and Publicatio 1846007 Public Relations 105517 Taxes 22044 6657840 2737175 3014782 394252 258417 27276 17841 762036 719235 3238413 1799704 1407319 1438709 863393 736044 62712 51762 6254163 6236790 298072 356287 785063 471364 721677 595162 226029 180175 2030841 1602988 X 4223322 4633802 4223322 4633802 6254163 6236790 451134 -40654 0 X X 0 1 X 1 0 1 0 0 362084 362084 1687038 1082275 604763 1189291 717429 471862 1438709 Industrial Development Board Bonds 628578 F Dixie Electric Co-op Patronage Capital 31400 F Federated Insurance Patronage Capital 33245 F NRUCFC Subordinate Certificates 3703 F NRUCFC Patronage Capital 7650 F HomeStead Fund 31468 F 736044 Accumulated Provision for Post-Retirement Benefits 180175 180175 X 7506417 397443 397443 7108974 0 7108974 7095937 438097 438097 6657840 0 6657840 Part X, Line 2: Income tax status - The Association is exempt from income tax under Section 501(c)(6) of the Internal Revenue Code. However, income from certain activities not directly related to the Association's tax-exempt purpose is subject to taxation as unrelated business income. Management evaluated the Association's tax positions and concluded that the Association had taken no uncertain tax positions that require adjustment to the financial statements. Part XI, Line 2d - Other Adjustments: Fair value adjustment on IDB bonds -40,654. Reclassification of revenues to expenses 438,097. Part XII, Line 2d - Other Adjustments: Reclassification of revenues to expenses 438,097. X 1 1 X X X X 0 0 0 Fred O Braswell President & CEO 319406 0 0 0 20520 0 94329 0 17559 0 451814 0 0 0 Karl G Rayborn Sr. VP & CFO 184197 0 12000 0 7145 0 105996 0 19811 0 329149 0 0 0 Sean Strickler VP - Public Affairs 110903 0 3500 0 5358 0 35511 0 5743 0 161015 0 0 0 Part I, Line 1a A corporate membership to a dining club is in the name of the President & CEO. A corporate membership to a local country club is in the name of the Sr. VP & CFO. Form 990, Part VI, Section A, line 2 The Association's board of directors consists of the CEO/General Manager and a cooperative board member from each of the cooperative member systems. Form 990, Part VI, Section A, line 6 There are two classes of memberships, members and associate members. Form 990, Part VI, Section A, line 7a Each member of the board of directors of the Association is nominated by the governing bodies of the member cooperatives. The board of directors of the Association elects an executive committee, which exercises all of the powers of the board of directors in accordance with the policy of the Association and the direction of the board of directors, during intervals between the meetings of the board of directors. Form 990, Part VI, Section A, line 7b The membership must approve decisions that involve substantial transfers of the Association's assets, amendments to the Association's bylaws, as well as other decisions requiring approval of the membership by law, the articles of incorporation, and/or the Association's bylaws. Form 990, Part VI, Section B, line 11b The Form 990 was reviewed by the Chief Executive Officer and the Chief Financial Officer before it was filed with the Internal Revenue Service. A copy was then provided to the board of directors before it was filed with the Internal Revenue Service. Form 990, Part VI, Section B, line 12c Management monitors the compliance with the conflict of interest policy. Form 990, Part VI, Section B, line 15 The salary of the President & CEO is reviewed each year by the executive committee and is adjusted based on industry comparison using published compensation surveys. The other employees' salaries are reviewed and adjusted each year by the President & CEO based on members' compensation surveys and performance. The board of directors approves salary adjustments as part of the overall annual budget approval. Form 990, Part VI, Section C, line 19 Copies of the governing documents (Bylaws, Articles of Incorporation, etc.), policies, Form 990, and financial statements are available at the Association office upon request. The Association's Form 990 is also posted on www.guidestar.org. Form 990, Part XII, Line 2c The Association did not change its processes of oversight or selection of an independent accountant. Electric Cooperative Health Benefit Plan PO Box 244014 Montgomery AL 36124 262483511 Health Benefits AL 501(c)(9) N/A 1 Electric Cooperative Foundation Inc PO Box 244014 Montgomery AL 36124 631190086 Charitable Foundation AL 501(c)(3) Line 11 N/A 1 Alabama Action Committee For Rural Electrification PO Box 244014 Montgomery AL 36124 912088923 Political Action Committee AL 527 N/A 1 Alabama Rural Electric Cooperatives Self Insured Pool PO Box 244014 Montgomery AL 36124 631095063 Workers Compensation AL N/A C 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 Alabama Rural Electric Cooperatives Self Insured Pool A 27410 Est. Formula Alabama Rural Electric Cooperatives Self Insured Pool L 96700 Computed Costs Electric Cooperative Health Benefit Plan L 170885 Computed Costs