2025-11-17T18:03:58+00:00 2024-12-31 135381590 BDO USA 8401 GREENSBORO DR STE 800 MCLEAN VA 221023599 990 2024-01-01 541978503 TOUCHSTONE ENERGY COOPERATIVE INC TOUC 7039076354 4301 WILSON BOULEVARD ARLINGTON VA 222031860 DIGNA LOUIS ASSISTANT SECRETARY/TREASURER 2025-11-18 true TODD TERESCO P00247720 7038930600 2025-11-18 2024 2025-03-06 01:10:19Z JANA ADAMS 4301 WILSON BOULEVARD ARLINGTON VA 222031860 10239328 false X HTTPS://TOUCHSTONEENERGY.COM X 2000 VA TOUCHSTONE ENERGY COOPERATIVE, INC. HELPS ITS MEMBERS STRENGTHEN THEIR RELATIONSHIPS WITH THEIR MEMBER-OWNERS. IT IS A NATIONAL NETWORK OF ELECTRIC COOPERATIVES ACROSS 46 STATES THAT PROVIDES RESEARCH, COMMUNICATIONS RESOURCES, AND EMPLOYEE TRAINING PROGRAMS TO HELP MEMBER COOPERATIVES BETTER ENGAGE AND SERVE THEIR MEMBERS. AS A RESULT, TOUCHSTONE ENERGY MEMBERS ARE POSITIONED TO ACHIEVE SUPERIOR MEMBER-OWNER SATISFACTION AND ENGAGEMENT TO STRENGTHEN THE MEMBER COOPERATIVE, THE COMMUNITY THEY SERVE, AND THE ELECTRIC COOPERATIVE COMMUNITY AT LARGE. THROUGH ACCESS TO TARGETED PROGRAMS AND A UNIFYING, NATIONAL BRAND, TOUCHSTONE ENERGY COOPERATIVES STAND OUT AS A TRUSTED SOURCE OF POWER AND INFORMATION TO THEIR 32 MILLION MEMBER-OWNERS EVERY DAY. 13 13 0 101 15816 0 9205861 8867450 674758 747064 272916 371985 161092 235451 10314627 10221950 0 0 0 0 0 11174221 10786209 11174221 10786209 -859594 -564259 11264474 11231167 3963912 4485557 7300562 6745610 TOUCHSTONE ENERGY IS A NATIONAL NETWORK OF ELECTRIC COOPERATIVES THAT PROVIDES PROGRAMS AND RESOURCES THAT HELP ITS MEMBERS STRENGTHEN RELATIONSHIPS WITH THEIR MEMBER/OWNERS. false false EXPANDED RESEARCH AND EDUCATION PROGRAMS FOR MEMBERSHIP - IN 2024 TSEC PROVIDED THE MEMBERSHIP WITH EXAPNDED QUANTITATIVE AND QUALITATIVE RESEARCH REPORTS AND EDUCATIONAL EVENTS TO HELP IMPROVE MEMBER SATISFACTION AND ENGAGEMENT PARTICULARLY WITH NATIONAL ACCOUNTS. PROVIDED VALUABLE MEMBERS BENEFITS AND COMMUNICATION RESOURSES - IN 2024 A NEW WEB PLATFORM WAS LAUNCHED IMPROVING USABILITY, QUALITY, SECURITY AND EXPANDED CONTENT SUPPORT FOR TSCE MEMBER WEBSITES. NUMEROUS NEW CONSUMER FACING MARKETING MATERIAL WERE DEVELOPED ALONG WITH A SOCIAL MEDIA SUPPORT SERVICE. STRENGTHENED BRAND AWARENESS AMONG CONSUMERS - IN 2024, TSEC PROMOTED ELECTRIC COOPERATIVE MEMBERS AS THE TRUSTED AND CONSISTENT SOURCE FOR ENERGY AND INFORMATION THROUGH NATIONAL, REGIONAL AND LOCAL COMMUNICATION AND EDUCATION CAMPAIGNS. VIDEO, RADIO, PRINT, DIGITAL AND OTHER METHODS WERE USED TO IMPROVE THE VISIBILITY AND AWARENESS OF THE VALUE OF THE COOPERATIVE BUSINESS MODEL. 0 false false false false true false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 true true false false false false false false false X 13 13 false true false false true true true true true false false false true true true true true true false false false false X DIGNA LOUIS 7039076554 C/O NRECA 4301 WILSON BLVD ARLINGTON VA 22203 X AMY ROSIER AT-LARGE OFFICER 1.0 0 X X 0 0 0 JEFFREY CONNOR Second VICE PRESIDENT 1.0 0 X X 0 0 0 JIM GOSSETT VICE PRESIDENT 1.0 0 X X 0 0 0 MARTY LASURE SECRETARY/TREASURER 1.0 0 X X 0 0 0 TIM MCCARTHY BOARD PRESIDENT 1.0 0 X X 0 0 0 BILL CONLEY DIRECTOR 1.0 0 X 0 0 0 BRIAN MILLS DIRECTOR (AS OF 03/2024) 1.0 0 X 0 0 0 DEBORAH MIRASOLA DIRECTOR (THRU 03/2024) 1.0 0 X 0 0 0 DICK JOHNSON DIRECTOR (THRU 03/2024) 1.0 0 X 0 0 0 DOUGLAS TRACY DIRECTOR 1.0 0 X 0 0 0 JACK BRAGG DIRECTOR 1.0 0 X 0 0 0 JEREMY RICHERT DIRECTOR 1.0 0 X 0 0 0 MARTIN HAUGHT DIRECTOR 1.0 0 X 0 0 0 MIKE WILSON DIRECTOR 1.0 0 X 0 0 0 TIM STREET DIRECTOR (AS OF 03/2024) 1.0 0 X 0 0 0 VAN O' CAIN DIRECTOR 1.0 0 X 0 0 0 DIGNA LOUIS ASSISTANT TREASURER 1.0 0 X 0 0 0 JANA ADAMS Executive Director 40.0 0 X 0 0 0 JESSICA HEALY ASSISTANT SECRETARY 1.0 0 X 0 0 0 0 0 0 0 false false false NRECA 4301 WILSON BLVD ARLINGTON VA 22203 MANAGEMENT SERVICES 4713541 TARGETCAST LLC PO BOX 735150 CHICAGO IL 60673 ADVERTISING AGENCY 1640573 RACKSPACE US INC 1 FANATICAL PLACE WINDCREST TX 78218 IT & SOFTWARE PROGRAMMING & SUPPORT 531949 HARVEST PRODUCTIONS INC 1111 VIRGINIA AVENUE KANSAS CITY MO 64106 EVENT DESIGN MANAGEMENT 497698 LINKEDIN CORPORATION 62228 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 PROFESSIONAL DEVELOPMENT CONTENT 367803 12 8867450 8867450 SPONSORSHIP REVENUE & REGISTRATION FEES 541990 633694 633694 CO-OP CONNECTIONS PROGRAM 541990 98628 82812 15816 REIMBURSED COSTS 541990 14742 14742 0 0 0 0 747064 389363 389363 32782 32782 0 0 17378 -17378 0 -17378 -17378 MISCELLANEOUS INCOME 900099 117143 117143 OTHER FEES 900099 81428 81428 SHIPPING REVENUE 900099 4098 4098 0 0 0 0 202669 10221950 731248 15816 607436 4076411 7056 14590 225201 2189087 151982 2236399 205467 203586 689837 94426 33161 RESEARCH 567479 CONTRACTED PERSONNEL 50695 ALL OTHER EXPENSES 40832 0 10786209 10476217 10778963 0 0 0 0 581058 338352 1248851 1134999 207199 113852 0 0 0 0 11264474 11231167 92722 146698 3871190 4338859 0 0 0 0 3963912 4485557 X 7300562 6745610 7300562 6745610 11264474 11231167 -564259 9307 0 X false true true false false true false 260390 238304 22086 988461 896695 91766 113852 0 X 10231257 9307 0 9307 10221950 0 0 10221950 10786209 0 0 10786209 0 0 10786209 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote TSEC HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, TSEC MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. TSEC HAS ANALYZED ITS TAX POSITIONS TAKEN ON TAX RETURNS FOR ALL OPEN TAX YEARS AND HAS CONCLUDED THAT NO ADDITIONAL PROVISION OR BENEFIT EXISTS AND NO AMOUNTS ARE RECORDED FOR INTEREST OR PENALTIES. Form 990, Part VI, Line 15 LINE 15A & 15B SINCE TSEC DOES NOT HAVE ANY EMPLOYEES, TSEC DOES NOT HAVE A COMPENSATION DETERMINATION PROCESS. THE BOARD OF DIRECTORS DOES APPROVE THE ANNUAL EXPENSES PAID TO ITS OUTSIDE MANAGEMENT COMPANY VIA THEIR ANNUAL BUDGET REVIEW AND APPROVAL PROCESS. Form 990, Part VI, Line 1a Delegate broad authority to a committee THE BOARD HAS AN EXECUTIVE COMMITTEE MADE UP OF THE PRESIDENT, VICE PRESIDENT, SECRETARY/TREASURER, SECOND VICE PRESIDENT, IMMEDIATE PAST PRESIDENT IF STILL A DIRECTOR, AND AN AT-LARGE DIRECTOR ELECTED BY THE BOARD. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO APPROVE NON-BUDGETED EXPENSES UP TO $200,000. THE SECOND VICE PRESIDENT IS A NON-VOTING MEMBER OF THE COMMITTEE. Form 990, Part VI, Line 3 Delegation of management duties TSEC HAS A WRITTEN AGREEMENT WITH NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA), A SEPARATE NON-PROFIT ORGANIZATION, TO PROVIDE ADMINISTRATIVE AND MANAGEMENT SERVICES TO TSEC. Form 990, Part VI, Line 6 Classes of members or stockholders THE MEMBERS OF TSEC ARE: 1) FULL MEMBERS, 2) REGIONAL MEMBERS, AND 3) ANY OTHER TYPES OR CLASSES OF MEMBERSHIP ("ASSOCIATE MEMBERS"), WITH RESPECTIVE RIGHTS, RESPONSIBILITIES, AND DUES AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME ESTABLISH IN THE BEST INTEREST OF THE ORGANIZATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body TSEC HAS 13 BOARD MEMBERS. THEY ELECT A PRESIDENT, VICE-PRESIDENT, SECRETARY/TREASURER, ASSISTANT TREASURER, ASSISTANT SECRETARY, SECOND VICE-PRESIDENT AND AN OFFICER AT-LARGE. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders THE ORGANIZATION IS INCORPORATED UNDER THE VIRGINIA COOPERATIVE ASSOCIATIONS AND NON-STOCK CORPORATIONS' ACTS. UNDER THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BYLAWS, THERE ARE THREE CLASSES OF MEMBERS: FULL MEMBERS, REGIONAL MEMBERS AND ASSOCIATE MEMBERS. FULL MEMBERS AND REGIONAL MEMBERS HAVE VOTING RIGHTS. UNDER NON-STOCK CORPORATION ACT, THE MEMBERS OF THE ORGANIZATION MUST APPROVE A PLAN OF MERGER RECOMMENDED BY THE BOARD OR A BOARD PROPOSAL TO DISSOLVE THE ORGANIZATION. ADDITIONALLY, THE ORGANIZATION'S BYLAWS REQUIRE THAT AN AMENDMENT OR REPEAL OF ANY BYLAW MUST BE APPROVED BY A TWO-THIRDS MAJORITY VOTE OF THE VOTING MEMBERS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE VP OF FINANCE AND ACCOUNTING AND CHIEF FINANCIAL OFFICER REVIEW THE FORM 990 AND SUPPORTING WORK PAPERS IN DETAIL. THE FORM 990 IS THEN PROVIDED TO THE TSEC BOARD OF DIRECTORS THROUGH THEIR ELECTRONIC PORTAL AND ALSO BY EMAIL FOR THEIR REVIEW AND COMMENT IN ADVANCE OF THE RETURN BEING TOUCHSTONE ENERGY COOPERATIVE, INC. 54-1978503 FILED. Form 990, Part VI, Line 12c Conflict of interest policy THE POLICY IS MONITORED AND ENFORCED BY REVIEW OF THE ANNUAL CONFLICTS DISCLOSURE FORMS SUBMITTED BY EACH BOARD MEMBER. ADDITIONALLY, LEGAL COUNSEL REVIEWS THE REQUIREMENTS OF THE POLICY WITH THE BOARD AT LEAST ANNUALLY AND IS AVAILABLE FOR QUESTIONS REGARDING POTENTIAL CONFLICTS AND POLICY INTERPRETATION AT ANY TIME. FURTHER, REGARDING THE POLICY: --THE CONFLICT OF INTEREST POLICY APPLIES TO THE BOARD MEMBERS. --ACTUAL CONFLICTS ARE REVIEWED BY THE BOARD PRESIDENT WITH THE ASSISTANCE OF LEGAL COUNSEL. --RESTRICTIONS THAT MAY BE IMPOSED IN THE EVENT OF AN ACTUAL CONFLICT, DEPEND ON THE MAGNITUDE OF THE CONFLICT AND INCLUDE: PROHIBITING THE BOARD MEMBER WITH THE CONFLICT FROM PARTICIPATING IN THE DELIBERATIONS AND RECUSAL FROM VOTING. Form 990, Part VI, Line 19 Required documents available to the public TSEC DISTRIBUTES ITS AUDITED FINANCIAL STATEMENTS AND ANNUAL FORM 990 TAX RETURNS TO THE TSEC BOARD OF DIRECTORS. TSEC MAKES THE FORM 990 AVAILABLE ON THE MEMBER-ONLY SECTION OF COOPERATIVE.COM. THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY WITH BOARD MEMBERS.