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Alabama Rural Electric Credit Union

Credit Union
  • Montgomery, AL
  • Tax-exempt since June 1971
  • EIN: 63-0595918

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Summary charts: organization finances over time

Revenue
$1.85M (2019)

Expenses
$1.64M (2019)

Total Assets
$34.5M (2019)

Total Liabilities
$30.2M (2019)

Source: Form 990 tax filings from 2013 to 2019

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.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,845,551
Expenses
$1,639,344
Net Income
$206,207
Net Assets
$4,281,665
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,375,567
74.5%
Investment Income $204,518
11.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $265,466
14.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $495,516
30.2%
Assets/Debt
Total Assets $34,519,463
Total Liabilities $30,237,798
Net Assets $4,281,665
Compensation
Key Employees and Officers Compensation Related Other
Jane J Boysen (President/Ce) $33,061 $0 $15,758
Cecilia Waits (Vice Preside) $15,742 $0 $12,244
Jeff Hodges (Board Chairm) $0 $0 $0
David Loe (Board Vice C) $0 $0 $0
Rita Kelley (Board Treasu) $0 $0 $0
Elaine Barrow (Board Secret) $0 $0 $0
Fred Braswell (Board Member) $0 $0 $0
Scott Bobo (Board Member) $0 $0 $0
Steve Sheffield (Board Member) $0 $0 $0
Mike Barlow (Supervisory) $0 $0 $0
Kim Lyles Maye (Supervisory) $0 $0 $0
Kim Carter (Supervisory) $0 $0 $0
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Document Links

990
Filed on April 23, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,657,128
Expenses
$1,431,509
Net Income
$225,619
Net Assets
$4,075,458
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,199,999
72.4%
Investment Income $210,349
12.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $246,780
14.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $423,697
29.6%
Assets/Debt
Total Assets $33,754,219
Total Liabilities $29,678,761
Net Assets $4,075,458
Compensation
Key Employees and Officers Compensation Related Other
Jane J Boysen (President/Ce) $104,621 $0 $47,176
Cecilia Waits (Vice Preside) $74,811 $0 $25,883
Jeff Hodges (Board Chairm) $0 $0 $0
David Loe (Board Vice C) $0 $0 $0
Rita Kelley (Board Treasu) $0 $0 $0
Elaine Barrow (Board Secret) $0 $0 $0
Fred Braswell (Board Member) $0 $0 $0
Scott Bobo (Board Member) $0 $0 $0
Les Moreland (Board Member) $0 $0 $0
Karl Rayborn (Supervisory) $0 $0 $0
Mike Barlow (Supervisory) $0 $0 $0
Kim Lyles (Supervisory) $0 $0 $0
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Document Links

990
Filed on May 15, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,481,804
Expenses
$1,331,190
Net Income
$150,614
Net Assets
$3,849,839
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,078,706
72.8%
Investment Income $185,780
12.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $217,318
14.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $376,119
28.3%
Assets/Debt
Total Assets $31,950,391
Total Liabilities $28,100,552
Net Assets $3,849,839
Compensation
Key Employees and Officers Compensation Related Other
Jane J Boysen (President/Ce) $101,009 $0 $43,117
Cecilia Waits (Vice Preside) $70,066 $0 $23,849
Jerry Weathersby (Board Chairm) $0 $0 $0
Jeff Hodges (Board Vice C) $0 $0 $0
David Loe (Board Treasu) $0 $0 $0
Elaine Barrow (Board Secret) $0 $0 $0
Fred Braswell (Board Member) $0 $0 $0
Rita Kelley (Board Member) $0 $0 $0
Les Moreland (Board Member) $0 $0 $0
Karl Rayborn (Supervisory) $0 $0 $0
Mike Barlow (Supervisory) $0 $0 $0
Kim Lyles (Supervisory) $0 $0 $0
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Document Links

990
Filed on April 12, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,360,716
Expenses
$1,266,737
Net Income
$93,979
Net Assets
$3,699,224
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $951,604
69.9%
Investment Income $200,442
14.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $208,670
15.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $385,840
30.5%
Assets/Debt
Total Assets $31,638,007
Total Liabilities $27,938,783
Net Assets $3,699,224
Compensation
Key Employees and Officers Compensation Related Other
Jane J Boysen (President/Ce) $97,124 $0 $32,015
Cecilia Waits (Vice Preside) $65,482 $0 $20,613
Jimmy Gray (Board Chairm) $0 $0 $0
Jeff Hodges (Board Vice C) $0 $0 $0
Jerry Weathersby (Treasurer) $0 $0 $0
Heather Anderson (Secretary) $0 $0 $0
Fred Braswell (Board Member) $0 $0 $0
Elaine Barrow (Board Member) $0 $0 $0
Les Moreland (Board Member) $0 $0 $0
Karl Rayborn (Supervisory) $0 $0 $0
Mike Barlow (Supervisory) $0 $0 $0
Kim Lyles (Supervisory) $0 $0 $0
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Document Links

990
Filed on April 11, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,259,524
Expenses
$1,180,378
Net Income
$79,146
Net Assets
$3,605,245
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $879,064
69.8%
Investment Income $160,965
12.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $219,495
17.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $344,010
29.1%
Assets/Debt
Total Assets $32,082,131
Total Liabilities $28,476,886
Net Assets $3,605,245
Compensation
Key Employees and Officers Compensation Related Other
Jane J Boysen (President/Ce) $94,717 $0 $14,612
Cecilia Waits (Vice Preside) $63,918 $0 $7,616
Jimmy Gray (Board Chairm) $0 $0 $0
Jeff Hodges (Board Vice C) $0 $0 $0
Heather Anderson (Secretary) $0 $0 $0
Jerry Weathersby (Treasurer) $0 $0 $0
Elaine Barrow (Board Member) $0 $0 $0
Daryl Jones (Board Member) $0 $0 $0
Fred Braswell (Board Member) $0 $0 $0
Karl Rayborn (Sup Comm Cha) $0 $0 $0
David Bailey (Sup Comm Mem) $0 $0 $0
Mike Barlow (Sup Comm Mem) $0 $0 $0
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Document Links

990
Filed on April 8, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,201,873
Expenses
$1,128,007
Net Income
$73,866
Net Assets
$3,526,099
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $837,173
69.7%
Investment Income $148,522
12.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $216,178
18.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $338,075
30.0%
Assets/Debt
Total Assets $31,265,743
Total Liabilities $27,739,644
Net Assets $3,526,099
Compensation
Key Employees and Officers Compensation Related Other
Jane J Boysen (President/Ce) $91,327 $0 $32,417
Cecilia Waits (Vice Preside) $60,255 $0 $19,801
Heather Anderson (Board Member) $0 $0 $0
Jimmy Gray (Board Chairm) $0 $0 $0
Elaine Barrow (Secretary) $0 $0 $0
Jeff Hodges (Board Vice C) $0 $0 $0
Jerry Weathersby (Board Treasu) $0 $0 $0
Daryl Jones (Board Member) $0 $0 $0
Fred Braswell (Board Member) $0 $0 $0
Karl Rayborn (Sup Comm Cha) $0 $0 $0
Mike Barlow (Sup Comm Mem) $0 $0 $0
David Bailey (Sup Comm Mem) $0 $0 $0
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Document Links

990
Filed on April 9, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,170,609
Expenses
$1,121,404
Net Income
$49,205
Net Assets
$3,452,233
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $860,195
73.5%
Investment Income $140,448
12.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $169,966
14.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $321,955
28.7%
Assets/Debt
Total Assets $30,019,575
Total Liabilities $26,567,342
Net Assets $3,452,233
Compensation
Key Employees and Officers Compensation Related Other
Jane J Boysen (President/Ce) $83,183 $0 $22,051
Cecillia S Waits (Vice Preside) $58,827 $0 $15,314
Heather Anderson (Board Chairp) $0 $0 $0
Elaine Barrow (Secretary) $0 $0 $0
Jimmy Gray (1 St Vice Pre) $0 $0 $0
Jeff Hodges (Board Member) $0 $0 $0
Daryl Jones (Board Member) $0 $0 $0
Becky Mitchell (1 St Vice Pre) $0 $0 $0
Jerry Weathersby (Board Member) $0 $0 $0
David Bailey (Sup Comm Mem) $0 $0 $0
Mike Barlow (Sup Comm Mem) $0 $0 $0
Karl Rayborn (Sup Comm Cha) $0 $0 $0
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Document Links

990
Filed on June 18, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

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

PDF

About This Data

What Is This Data?

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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About Nonprofit Explorer

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.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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