2018-10-12T11:28:39-05:00 2017-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2017-01-01 630264081 Alabama Rural Electric Association of Cooperatives ALAB 3342152732 PO Box 244014 Montgomery AL 361244014 Karl G Rayborn Sr. VP & CFO 3342152732 2018-10-04 1 Patrick Cooper P00856177 3348347660 2018-10-04 142.154.130.164 2018-10-04 14:52:06 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0C1724741AE0B7B2CBC8A006392FEB2DFBE97CF6 2017 2018-06-14 16:35:46Z Fred O Braswell III PO Box 244014 Montgomery AL 361244014 7043773 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 25 0 1725469 0 3105915 3211407 3622397 3499780 70641 62636 273956 269950 7072909 7043773 0 0 0 0 2922456 2725852 0 0 0 3953136 4153376 6875592 6879228 197317 164545 5686736 6254163 1591911 2030841 4094825 4223322 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 1 0 1 62 0 1 25 1 1 1 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 0.25 X 0 0 0 Martin Anderson Director 1.05 X 3000 0 0 Linda Arnold Director 1.40 X 4000 0 0 David Bailey Director 1.40 X 0 0 0 Jack Bailey Director 1.40 X 4000 0 0 Randy Brannon Director/Chairman 2.50 X 0 0 0 Joe Bunch Director 1.40 X 0 0 0 Kevin Chandler Director 1.40 X 0 0 0 Terry Darby Director 1.05 X 3000 0 0 Steve Foshee Director 1.40 X 0 0 0 Leland Fuller Director 1.40 X 0 0 0 Scott Bobo Director 1.40 X 0 0 0 Gary Harrison Director 1.40 X 0 0 0 David Hembree Director/ Chairman 2.50 X 7500 0 0 Roland Hendon Director 1.40 X 3500 0 0 Kermit Hill Director 1.05 X 3000 0 0 Lavaughn Holcomb Director 2.70 X 7500 0 0 Patsy Holmes Director 2.40 X 4000 0 0 Bobby Hooper Director 0.25 X 0 0 0 Max Hyatt Director 1.25 X 2000 0 0 Tom James Director 1.40 X 3500 0 0 Vince Johnson Director 2.50 X 0 0 0 Daryl Jones Director/Vice-Chairman 2.50 X 0 0 0 Delaney Kervin Director 1.40 X 3500 0 0 George Kitchens Director 1.40 X 0 0 0 Jim McRae Director 1.40 X 4000 0 0 Karen Moore Director 1.40 X 0 0 0 Les Moreland Director 1.40 X 0 0 0 Terry Moseley Director 1.40 X 0 0 0 CB Parker Director 0.25 X 3500 0 0 Lee Peters Director 0.90 X 2000 0 0 Bruce Purdy Director 0.25 X 0 0 0 William Rankin Director 1.05 X 2500 0 0 Tracy Reeder Director 1.40 X 3500 0 0 Charles Segars Director 1.05 X 3000 0 0 Ed Short Director 2.50 X 0 0 0 Mike Simpson Director 1.40 X 0 0 0 Heflin Smith Director 1.40 X 4000 0 0 Grady Smith Director 1.40 X 0 0 0 Gary Smith Director 1.40 X 0 0 0 Van Smith Director 1.15 X 2250 0 0 Tom Stackhouse Director 1.40 X 0 0 0 Jim Stewart Director 1.40 X 0 0 0 Louie Ward Director 1.40 X 0 0 0 Van Wardlaw Director 0.25 X 0 0 0 Tommie Werneth Director/ Secretary/Treasurer 2.50 X 7250 0 0 Aaron White Director 1.40 X 2500 0 0 Randal Wilkie Director 1.40 X 0 0 0 Stan Wilson Director 1.40 X 0 0 0 Thomas Bristow Director 0.65 X 1750 0 0 Danny McNeil Director 0.20 X 0 0 0 Parks Tubbs Director 0.20 X 0 0 0 Terry Mitchell Director 0.35 X 1000 0 0 Keith Pugh Director 0.55 X 1500 0 0 Fred O Braswell President & CEO 40.00 X 326709 0 147499 Karl G Rayborn Sr. VP & CFO 40.00 X 200520 0 106016 Sean Strickler VP - Public Affairs 40.00 X 115510 0 11347 Lenore Vickrey VP - Communications 40.00 X 105135 0 94200 835124 0 359062 4 0 1 0 Freeport Press Inc 2127 Reiser Avenue SE New Philadelphia OH 44663 Printing & Postage 2443238 TVPPA PO Box 6189 Chattanooga TN 374016189 Training 324351 NRECA PO Box 758777 Baltimore MD 212758777 Training 125819 3 3211407 3211407 Conferences/Meetings 611430 1735251 1735251 Advertising 511120 1163331 1163331 Printing 323100 347923 64436 283487 Management Fees 541610 253275 253275 3499780 62636 62636 25376 25376 222251 0 222251 222251 222251 Miscellaneous Revenue 900099 22323 22323 22323 7043773 1822010 1725469 284887 1194186 636816 630131 122119 142600 27242 35263 6608 219789 321996 211963 1121318 57979 233660 22829 Printing and Publicatio 1804029 Public Relations 78722 Taxes 11978 6879228 2473557 2737175 244612 394252 35056 27276 822806 762036 3305117 1897798 1067784 1407319 977048 863393 65873 62712 5686736 6254163 356105 298072 144454 785063 838805 721677 252547 226029 1591911 2030841 X 4094825 4223322 4094825 4223322 5686736 6254163 164545 -36048 0 X X 0 1 X 1 0 1 0 0 362084 362084 1724916 1048441 676475 1218117 849357 368760 1407319 Industrial Development Board Bonds 769706 F Dixie Electric Co-op Patronage Capital 29940 F Federated Insurance Patronage Capital 30018 F NRUCFC Subordinate Certificates 4511 F NRUCFC Patronage Capital 7544 F HomeStead Fund 21674 F 863393 Accumulated Provision for Post-Retirement Benefits 226029 226029 X 7275874 232101 232101 7043773 0 7043773 7147377 268149 268149 6879228 0 6879228 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 -36,048. Reclassification of revenues to expenses 268,149. Part XII, Line 2d - Other Adjustments: Reclassification of revenues to expenses 268,149. X 1 1 X X X X 0 0 0 Fred O Braswell President & CEO 305968 0 0 0 20741 0 130605 0 16894 0 474208 0 0 0 Karl G Rayborn Sr. VP & CFO 183607 0 10000 0 6913 0 89040 0 16976 0 306536 0 0 0 Lenore Vickrey VP - Communications 97554 0 4000 0 3581 0 93923 0 277 0 199335 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 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 25376 Est. Formula Alabama Rural Electric Cooperatives Self Insured Pool L 90525 Computed Costs Electric Cooperative Health Benefit Plan L 162750 Computed Costs