Alabama Rural Electric Association Of Cooperatives

Montgomery, AL
Tax-exempt since April 1954
EIN: 63-0264081

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Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Revenue

$8.36M (2023)

Expenses

$8.11M (2023)

Total Assets

$6.89M (2023)

Total Liabilities

$1.24M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$8,357,129

Expenses

$8,113,011

Net Income

$244,118

Net Assets

$5,646,267

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,939,269	47.1%
Program Services	$4,200,030	50.3%
Investment Income	$107,830	1.3%
Bond Proceeds	$0
Royalties	$35,930	0.4%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$74,070	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,487,864	18.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$569,903	7.0%

Assets/Debt
Total Assets	$6,890,362
Total Liabilities	$1,244,095
Net Assets	$5,646,267

Compensation

Key Employees and Officers	Compensation	Related	Other
Karl G Rayborn (President Ceo)	$330,714	$0	$246,614
Sean Strickler (Vp Public Affairs)	$181,307	$0	$74,774
Matty Garr (Vp Statewide Services)	$175,184	$0	$33,775
Brian Matney (Vp Cfo)	$174,076	$0	$19,837
Lenore Vickrey (Vp Communications)	$122,830	$0	$32,255
Roland Hendon (Director/Vice Chairman)	$7,500	$0	$0
David Hembree (Director)	$7,000	$0	$0
Tommie Werneth (Director)	$7,000	$0	$0
Dr Stallworth (Director)	$6,000	$0	$0
S Parks Tubbs (Director)	$5,000	$0	$0
Ricky Knouff (Director)	$4,500	$0	$0
Andrew Callaway (Director)	$4,000	$0	$0
John Henry (Director)	$4,000	$0	$0
Charles Byrd (Director)	$4,000	$0	$0
Phillip Bryant (Director)	$4,000	$0	$0
Patricia Janasky (Director)	$4,000	$0	$0
Irvin Eatman (Director)	$3,500	$0	$0
Kip Justice (Director)	$3,500	$0	$0
Mike Hubbard (Director)	$3,500	$0	$0
Chase Riddle (Director)	$3,000	$0	$0
John Shewbart (Director)	$3,000	$0	$0
Lavaughn Holcomb (Director/ Secretary/Treasu)	$2,500	$0	$0
Delaney Kervin (Director)	$2,500	$0	$0
Ronnie Gaylor (Director)	$2,500	$0	$0
Bobby Ballard (Director)	$2,500	$0	$0
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990

Filed on Oct. 23, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$8,122,281

Expenses

$7,957,474

Net Income

$164,807

Net Assets

$5,402,149

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,768,518	46.4%
Program Services	$3,689,283	45.4%
Investment Income	$64,365	0.8%
Bond Proceeds	$0
Royalties	$30,542	0.4%
Rental Property Income	$188,051	2.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$381,522	4.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,532,804	19.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$560,129	7.0%

Assets/Debt
Total Assets	$6,824,624
Total Liabilities	$1,422,475
Net Assets	$5,402,149

Compensation

Key Employees and Officers	Compensation	Related	Other
Karl G Rayborn (President Ceo)	$315,199	$0	$280,342
Sean Strickler (Vp Public Affairs)	$178,002	$0	$97,330
Matty Garr (Vp Statewide Services)	$166,046	$0	$48,185
Brian Matney (Vp Cfo)	$162,669	$0	$22,033
Lenore Vickrey (Vp Communications)	$119,012	$0	$38,487
David Hembree (Director)	$9,500	$0	$0
Lavaughn Holcomb (Director/ Secretary/Treasu)	$9,500	$0	$0
Tommie Werneth (Director/Chairman)	$9,500	$0	$0
Roland Hendon (Director)	$9,000	$0	$0
Ricky Knouff (Director)	$5,000	$0	$0
S Parks Tubbs (Director)	$4,500	$0	$0
Jim Mc Rae (Director)	$4,000	$0	$0
Dr Stallworth (Director)	$4,000	$0	$0
Chase Riddle (Director)	$4,000	$0	$0
Bill Danzey (Director)	$4,000	$0	$0
Charles Byrd (Director)	$4,000	$0	$0
Phillip Bryant (Director)	$4,000	$0	$0
Andrew Callaway (Director)	$3,500	$0	$0
John Henry (Director)	$3,500	$0	$0
Bobby Ballard (Director)	$3,500	$0	$0
Kip Justice (Director)	$3,500	$0	$0
Marilyn Davis (Director)	$3,500	$0	$0
Irvin Eatman (Director)	$3,000	$0	$0
Ronnie Gaylor (Director)	$3,000	$0	$0
Delaney Kervin (Director)	$2,500	$0	$0
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990

Filed on Nov. 2, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$6,922,697

Expenses

$6,669,278

Net Income

$253,419

Net Assets

$5,249,503

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,629,472	52.4%
Program Services	$2,987,256	43.2%
Investment Income	$43,615	0.6%
Bond Proceeds	$0
Royalties	$28,871	0.4%
Rental Property Income	$197,651	2.9%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$35,832	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,504,221	22.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$77,123	1.2%

Assets/Debt
Total Assets	$6,685,824
Total Liabilities	$1,436,321
Net Assets	$5,249,503

Compensation

Key Employees and Officers	Compensation	Related	Other
Karl G Rayborn (President Ceo)	$285,762	$0	$155,201
Sean Strickler (Vp Public Affairs)	$160,837	$0	$71,853
Matty Garr (Vp Statewide Services)	$154,068	$0	$44,866
Fred O Braswell (President Ceo)	$135,380	$0	$99,555
Lenore Vickrey (Vp Communications)	$117,135	$0	$47,191
Brian Matney (Vp Cfo)	$113,222	$0	$8,651
David Hembree (Director)	$10,000	$0	$0
Roland Hendon (Director)	$9,000	$0	$0
Lavaughn Holcomb (Director/ Secretary/Treasu)	$9,000	$0	$0
Tommie Werneth (Director/Chairman)	$8,000	$0	$0
Ricky Knouff (Director)	$5,500	$0	$0
Terry Mitchell (Director)	$5,000	$0	$0
Andrew Callaway (Director)	$4,500	$0	$0
Dr Stallworth (Director)	$4,500	$0	$0
David Cook Jr (Director)	$4,500	$0	$0
S Parks Tubbs (Director)	$4,500	$0	$0
Jim Mc Rae (Director)	$4,000	$0	$0
Chase Riddle (Director)	$4,000	$0	$0
John Davis (Director)	$4,000	$0	$0
Phillip Bryant (Director)	$4,000	$0	$0
Delaney Kervin (Director)	$3,500	$0	$0
Heflin Smith (Director)	$3,500	$0	$0
John Henry (Director)	$3,500	$0	$0
Irvin Eatman (Director)	$3,500	$0	$0
Greg Mc Cullough (Director)	$3,000	$0	$0
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990

Filed on Oct. 19, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$6,698,370

Expenses

$6,321,586

Net Income

$376,784

Net Assets

$5,019,946

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,554,526	53.1%
Program Services	$2,808,839	41.9%
Investment Income	$57,292	0.9%
Bond Proceeds	$0
Royalties	$25,505	0.4%
Rental Property Income	$206,051	3.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$46,157	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,563,887	24.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$171,278	2.7%

Assets/Debt
Total Assets	$6,338,153
Total Liabilities	$1,318,207
Net Assets	$5,019,946

Compensation

Key Employees and Officers	Compensation	Related	Other
Fred O Braswell (President & Ceo)	$378,419	$0	$117,216
Karl G Rayborn (Sr. Vp & Cfo)	$213,585	$0	$138,680
Matty Garr (Vp Statewide Services)	$144,872	$0	$131,694
Sean Strickler (Vp Public Affairs)	$120,737	$0	$131,338
Lenore Vickrey (Vp Communications)	$113,763	$0	$12,333
David Hembree (Director)	$7,000	$0	$0
Roland Hendon (Director)	$7,000	$0	$0
Tommie Werneth (Director/Vice Chairman)	$6,500	$0	$0
Lavaughn Holcomb (Director)	$6,000	$0	$0
Parks Tubbs (Director)	$2,750	$0	$0
David Cook Jr (Director)	$2,750	$0	$0
Terry Mitchell (Director)	$2,500	$0	$0
Delaney Kervin (Director)	$2,250	$0	$0
Heflin Smith (Director)	$2,250	$0	$0
Andrew Callaway (Director)	$2,250	$0	$0
Dr Stallworth (Director)	$2,250	$0	$0
Chase Riddle (Director)	$2,250	$0	$0
Doyle Taylor (Director)	$2,250	$0	$0
Edward Miller (Director)	$2,250	$0	$0
Irvin Eatman (Director)	$2,250	$0	$0
John Henry (Director)	$2,000	$0	$0
John Davis (Director)	$1,750	$0	$0
Ricky Knouff (Director)	$1,750	$0	$0
Cb Parker (Director)	$1,250	$0	$0
Jim Mc Rae (Director)	$1,000	$0	$0
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990

Filed on Oct. 25, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$7,240,925

Expenses

$7,184,400

Net Income

$56,525

Net Assets

$4,667,952

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,439,786	47.5%
Program Services	$3,390,369	46.8%
Investment Income	$71,463	1.0%
Bond Proceeds	$0
Royalties	$44,964	0.6%
Rental Property Income	$233,651	3.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$60,692	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,457,358	20.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$196,646	2.7%

Assets/Debt
Total Assets	$6,639,513
Total Liabilities	$1,971,561
Net Assets	$4,667,952

Compensation

Key Employees and Officers	Compensation	Related	Other
Fred O Braswell (President & Ceo)	$356,421	$0	$107,668
Karl G Rayborn (Sr. Vp & Cfo)	$203,729	$0	$115,166
Matty Garr (Vp Statewide Services)	$137,946	$0	$108,660
Sean Strickler (Vp Public Affairs)	$116,504	$0	$104,677
Lenore Vickrey (Vp Communications)	$107,826	$0	$11,261
David Hembree (Director)	$7,250	$0	$0
Tommie Werneth (Director/Vice Chairman)	$7,000	$0	$0
Lavaughn Holcomb (Director)	$6,750	$0	$0
Roland Hendon (Director)	$6,250	$0	$0
Heflin Smith (Director)	$4,000	$0	$0
Parks Tubbs (Director)	$4,000	$0	$0
Terry Mitchell (Director)	$4,000	$0	$0
Dr Stallworth (Director)	$4,000	$0	$0
Jim Mc Rae (Director)	$3,750	$0	$0
Andrew Callaway (Director)	$3,750	$0	$0
Danny Mc Neil (Director)	$3,500	$0	$0
Cb Parker (Director)	$3,000	$0	$0
Irvin Eatman (Director)	$2,750	$0	$0
Delaney Kervin (Director)	$2,500	$0	$0
Van Smith (Director)	$2,500	$0	$0
Doyle Taylor (Director)	$2,500	$0	$0
Keith Pugh (Director)	$2,000	$0	$0
John Henry (Director)	$2,000	$0	$0
Lowell Bristow (Director)	$2,000	$0	$0
Edward Miller (Director)	$2,000	$0	$0
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990

Filed on Sept. 23, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$7,108,974

Expenses

$6,657,840

Net Income

$451,134

Net Assets

$4,633,802

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,326,439	46.8%
Program Services	$3,413,008	48.0%
Investment Income	$69,586	1.0%
Bond Proceeds	$0
Royalties	$27,410	0.4%
Rental Property Income	$233,651	3.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$38,880	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,251,171	18.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$517,245	7.8%

Assets/Debt
Total Assets	$6,236,790
Total Liabilities	$1,602,988
Net Assets	$4,633,802

Compensation

Key Employees and Officers	Compensation	Related	Other
Fred O Braswell (President & Ceo)	$339,926	$0	$111,888
Karl G Rayborn (Sr. Vp & Cfo)	$203,342	$0	$125,807
Sean Strickler (Vp Public Affairs)	$119,761	$0	$41,254
Lenore Vickrey (Vp Communications)	$105,000	$0	$36,292
Matty Garr (Vp Statewide Services)	$67,946	$0	$11,955
Lavaughn Holcomb (Director)	$7,750	$0	$0
David Hembree (Director/ Chairman)	$7,500	$0	$0
Tommie Werneth (Director/ Secretary/Treasu)	$7,000	$0	$0
Roland Hendon (Director)	$4,500	$0	$0
Jim Mc Rae (Director)	$4,500	$0	$0
Parks Tubbs (Director)	$4,500	$0	$0
Terry Mitchell (Director)	$4,500	$0	$0
Linda Arnold (Director)	$4,000	$0	$0
Heflin Smith (Director)	$4,000	$0	$0
Van Smith (Director)	$4,000	$0	$0
Danny Mc Neil (Director)	$4,000	$0	$0
Keith Pugh (Director)	$4,000	$0	$0
Charles Segars (Director)	$3,500	$0	$0
Dr Stallworth (Director)	$3,500	$0	$0
Cb Parker (Director)	$3,250	$0	$0
Lowell Bristow (Director)	$3,250	$0	$0
Kermit Hill (Director)	$3,000	$0	$0
Tom James (Director)	$3,000	$0	$0
Delaney Kervin (Director)	$3,000	$0	$0
William Rankin (Director)	$2,500	$0	$0
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990

Filed on July 8, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$7,043,773

Expenses

$6,879,228

Net Income

$164,545

Net Assets

$4,223,322

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,211,407	45.6%
Program Services	$3,499,780	49.7%
Investment Income	$62,636	0.9%
Bond Proceeds	$0
Royalties	$25,376	0.4%
Rental Property Income	$222,251	3.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$22,323	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,194,186	17.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$636,816	9.3%

Assets/Debt
Total Assets	$6,254,163
Total Liabilities	$2,030,841
Net Assets	$4,223,322

Compensation

Key Employees and Officers	Compensation	Related	Other
Fred O Braswell (President & Ceo)	$326,709	$0	$147,499
Karl G Rayborn (Sr. Vp & Cfo)	$200,520	$0	$106,016
Sean Strickler (Vp Public Affairs)	$115,510	$0	$11,347
Lenore Vickrey (Vp Communications)	$105,135	$0	$94,200
David Hembree (Director/ Chairman)	$7,500	$0	$0
Lavaughn Holcomb (Director)	$7,500	$0	$0
Tommie Werneth (Director/ Secretary/Treasurer)	$7,250	$0	$0
Linda Arnold (Director)	$4,000	$0	$0
Jack Bailey (Director)	$4,000	$0	$0
Patsy Holmes (Director)	$4,000	$0	$0
Jim Mc Rae (Director)	$4,000	$0	$0
Heflin Smith (Director)	$4,000	$0	$0
Roland Hendon (Director)	$3,500	$0	$0
Tom James (Director)	$3,500	$0	$0
Delaney Kervin (Director)	$3,500	$0	$0
Cb Parker (Director)	$3,500	$0	$0
Tracy Reeder (Director)	$3,500	$0	$0
Martin Anderson (Director)	$3,000	$0	$0
Terry Darby (Director)	$3,000	$0	$0
Kermit Hill (Director)	$3,000	$0	$0
Charles Segars (Director)	$3,000	$0	$0
William Rankin (Director)	$2,500	$0	$0
Aaron White (Director)	$2,500	$0	$0
Van Smith (Director)	$2,250	$0	$0
Max Hyatt (Director)	$2,000	$0	$0
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990

Filed on Oct. 12, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$7,072,909

Expenses

$6,875,592

Net Income

$197,317

Net Assets

$4,094,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,105,915	43.9%
Program Services	$3,622,397	51.2%
Investment Income	$70,641	1.0%
Bond Proceeds	$0
Royalties	$29,084	0.4%
Rental Property Income	$221,651	3.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$23,221	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,094,487	15.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$923,211	13.4%

Assets/Debt
Total Assets	$5,686,736
Total Liabilities	$1,591,911
Net Assets	$4,094,825

Compensation

Key Employees and Officers	Compensation	Related	Other
Fred O Braswell (President & Ceo)	$310,910	$0	$143,963
Karl G Rayborn (Sr. Vp & Cfo)	$194,050	$0	$92,501
Sean Strickler (Vp Public Affairs)	$115,516	$0	$26,211
Lenore Vickrey (Vp Communications)	$103,944	$0	$33,392
Lavaughn Holcomb (Director)	$6,200	$0	$0
David Hembree (Director/Vice Chairman)	$5,800	$0	$0
Tommie Werneth (Director)	$5,800	$0	$0
Patsy Holmes (Director)	$5,600	$0	$0
Linda Arnold (Director)	$3,200	$0	$0
Jack Bailey (Director)	$3,200	$0	$0
Roland Hendon (Director)	$3,200	$0	$0
Tom James (Director)	$3,200	$0	$0
Delaney Kervin (Director)	$3,200	$0	$0
Jim Mc Rae (Director)	$3,200	$0	$0
Tracy Reeder (Director)	$3,200	$0	$0
Heflin Smith (Director)	$3,200	$0	$0
Aaron White (Director)	$3,200	$0	$0
Max Hyatt (Director)	$2,800	$0	$0
Van Smith (Director)	$2,600	$0	$0
Martin Anderson (Director)	$2,400	$0	$0
Terry Darby (Director)	$2,400	$0	$0
Kermit Hill (Director)	$2,400	$0	$0
William Rankin (Director)	$2,400	$0	$0
Charles Segars (Director)	$2,400	$0	$0
Jo Ann Fuller (Director)	$2,000	$0	$0
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990

Filed on Nov. 10, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$6,656,254

Expenses

$6,295,141

Net Income

$361,113

Net Assets

$3,957,643

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,886,040	43.4%
Program Services	$3,410,077	51.2%
Investment Income	$77,388	1.2%
Bond Proceeds	$0
Royalties	$31,058	0.5%
Rental Property Income	$221,651	3.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$30,040	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,045,400	16.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$682,740	10.8%

Assets/Debt
Total Assets	$5,472,920
Total Liabilities	$1,515,277
Net Assets	$3,957,643

Compensation

Key Employees and Officers	Compensation	Related	Other
Fred O Braswell (President & Ceo)	$295,895	$0	$156,582
Karl G Rayborn (Sr. Vp & Cfo)	$182,094	$0	$78,868
Sean Strickler (Vp Public Affairs)	$111,895	$0	$23,829
Lenore Vickrey (Vp Communications)	$95,044	$0	$32,793
Patsy Holmes (Director)	$5,600	$0	$0
David Hembree (Director/Vice Chairman)	$5,200	$0	$0
Lavaughn Holcomb (Director)	$5,200	$0	$0
Tommie Werneth (Director)	$4,800	$0	$0
Jack Bailey (Director)	$3,200	$0	$0
Jim Mc Rae (Director)	$3,200	$0	$0
Heflin Smith (Director)	$3,200	$0	$0
Tom Duncan (Director)	$2,800	$0	$0
Jo Ann Fuller (Director)	$2,800	$0	$0
Max Hyatt (Director)	$2,800	$0	$0
Delaney Kervin (Director)	$2,800	$0	$0
Donna Parrish (Director)	$2,800	$0	$0
Charles Segars (Director)	$2,800	$0	$0
Tommy Thompson (Director)	$2,800	$0	$0
Martin Anderson (Director)	$2,400	$0	$0
Terry Darby (Director)	$2,400	$0	$0
Kermit Hill (Director)	$2,400	$0	$0
William Rankin (Director)	$2,400	$0	$0
Dwight Maloy (Director)	$2,000	$0	$0
Lee Grantham (Director)	$1,600	$0	$0
Roland Hendon (Director)	$1,600	$0	$0
See filing for compensation of 29 other people →

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990

Filed on Nov. 10, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$6,378,927

Expenses

$6,407,818

Net Income

-$28,891

Net Assets

$3,632,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,813,110	44.1%
Program Services	$3,207,656	50.3%
Investment Income	$82,608	1.3%
Bond Proceeds	$0
Royalties	$36,236	0.6%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$239,317	3.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$968,860	15.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$974,621	15.2%

Assets/Debt
Total Assets	$5,496,174
Total Liabilities	$1,863,466
Net Assets	$3,632,708

Compensation

Key Employees and Officers	Compensation	Related	Other
Fred O Braswell (President & Ceo)	$270,630	$0	$123,256
Karl G Rayborn (Sr. Vp & Cfo)	$168,898	$0	$76,725
Sean Strickler (Vp Public Affairs)	$109,036	$0	$33,665
Lenore Vickrey (Vp Communications)	$93,011	$0	$19,239
David Hembree (Director)	$6,400	$0	$0
Patsy Holmes (Director)	$6,000	$0	$0
Lavaughn Holcomb (Director)	$5,600	$0	$0
Martin Anderson (Director)	$4,200	$0	$0
Tommy Thompson (Director)	$4,000	$0	$0
Tommie Werneth (Director)	$3,800	$0	$0
Jo Ann Fuller (Director)	$3,200	$0	$0
Lee Grantham (Director)	$3,200	$0	$0
Max Hyatt (Director)	$3,200	$0	$0
John Livings (Director)	$3,200	$0	$0
Jim Mc Rae (Director)	$3,200	$0	$0
Donna Parrish (Director)	$3,200	$0	$0
James Shaver (Director)	$3,200	$0	$0
Jack Bailey (Director)	$2,800	$0	$0
Tom Duncan (Director)	$2,800	$0	$0
Dwight Maloy (Director)	$2,800	$0	$0
William Rankin (Director)	$2,800	$0	$0
Heflin Smith (Director)	$2,800	$0	$0
Terry Darby (Director)	$2,400	$0	$0
Kermit Hill (Director)	$2,400	$0	$0
Charles Segars (Director)	$2,000	$0	$0
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990

Filed on Oct. 7, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$6,285,257

Expenses

$5,863,344

Net Income

$421,913

Net Assets

$3,654,076

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,705,649	43.0%
Program Services	$3,203,290	51.0%
Investment Income	$91,714	1.5%
Bond Proceeds	$0
Royalties	$37,304	0.6%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$247,300	3.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$815,417	13.9%

Assets/Debt
Total Assets	$5,598,698
Total Liabilities	$1,944,622
Net Assets	$3,654,076

Compensation

Key Employees and Officers	Compensation	Related	Other
Fred O Braswell (President & Ceo)	$260,297	$0	$120,276
Karl G Rayborn (Sr. Vp & Cfo)	$158,333	$0	$77,648
Sean Strickler (Vp Public Affairs)	$97,458	$0	$25,252
Lenore Vickrey (Vp Communications)	$84,844	$0	$16,688
David Hembree (Director)	$6,000	$0	$0
Lavaughn Holcomb (Director)	$6,000	$0	$0
Patsy Holmes (Director)	$6,000	$0	$0
Jim Mc Rae (Director)	$4,400	$0	$0
Martin Anderson (Director)	$3,200	$0	$0
Jack Bailey (Director)	$3,200	$0	$0
Jo Ann Fuller (Director)	$3,200	$0	$0
Max Hyatt (Director)	$3,200	$0	$0
James Shaver (Director)	$3,200	$0	$0
Tommy Thompson (Director)	$3,200	$0	$0
Leo Bomian (Director)	$2,800	$0	$0
John Clark Jr (Director)	$2,800	$0	$0
Heflin Smith (Director)	$2,800	$0	$0
Tommie Werneth (Director)	$2,800	$0	$0
Terry Darby (Director)	$2,400	$0	$0
Kermit Hill (Director)	$2,400	$0	$0
Allen Lang (Director)	$2,400	$0	$0
William Rankin (Director)	$2,400	$0	$0
Irvin Wells (Director)	$2,000	$0	$0
Lee Grantham (Director)	$1,600	$0	$0
Edward Miller (Director)	$1,600	$0	$0
See filing for compensation of 32 other people →

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990

Filed on Oct. 15, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$5,692,767

Expenses

$5,416,679

Net Income

$276,088

Net Assets

$3,549,863

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,668,475	46.9%
Program Services	$2,680,066	47.1%
Investment Income	$98,685	1.7%
Bond Proceeds	$0
Royalties	$38,264	0.7%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$45,903
Other Revenue	$253,180	4.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$771,065	14.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$779,514	14.4%

Assets/Debt
Total Assets	$5,413,135
Total Liabilities	$1,863,272
Net Assets	$3,549,863

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$5,448,534

Expenses

$5,385,183

Net Income

$63,351

Net Assets

$3,285,654

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,096,700	93.5%
Investment Income	$109,592	2.0%
Bond Proceeds	$0
Royalties	$32,793	0.6%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$37,051
Other Revenue	$246,500	4.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$650,585	12.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$694,296	12.9%

Assets/Debt
Total Assets	$5,112,733
Total Liabilities	$1,827,079
Net Assets	$3,285,654

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

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Updated June 30, 2025

Alabama Rural Electric Association Of Cooperatives

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $8.36M (2023)

Expenses $8.11M (2023)

Total Assets $6.89M (2023)

Total Liabilities $1.24M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$8.36M (2023)

Expenses

$8.11M (2023)

Total Assets

$6.89M (2023)

Total Liabilities

$1.24M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004