Nreca International Ltd
- Assets
- $16.1m
- Revenue
- $14.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Arlington, VA
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 52-1387851
Organization Overview
Nreca International Ltd is located in Arlington, VA. The organization was established in 2016. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Nreca International Ltd employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nreca International Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nreca International Ltd generated $14.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $14.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ADVANCEMENT OF RURAL ELECTRIFICATION IN DEVELOPING COUNTRIES BY PROVIDING TECHNICAL ASSISTANCE TO GOVERNMENT AGENCIES, COMMUNITIES AND PRIVATE ENTITIES LOCATED IN DEVELOPING COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL ELECTRIFICATION DEVELOPMENT PROGRAM - THIS PROGRAM PROVIDE VARIOUS TYPES OF RURAL ELECTRIFICATION TECHNICAL ASSISTANCE TO GOVERNMENTS, AGENCIES, COMMUNITIES AND PRIVATE ENTITIES LOCATED IN DEVELOPING COUNTRIES. DURING 2021, NRECA INTERNATIONAL PROVIDED VARIOUS TYPES OF ENGINEERING TECHNICAL SUPPORT AND ASSISTED WITH RURAL ELECTRIFICATION DEVELOPMENT IN THE FOLLOWING COUNTRIES: ANGOLA, BANGLADESH, BOLIVIA, COLOMBIA, DEMOCRATIC REPUBLIC OF CONGO, COTE D'IVOIRE, ETHIOPIA, GHANA, GUATEMALA, GUINEA, HAITI, KENYA, LIBERIA, MOZAMBIQUE, NAMIBIA, NIGERIA, PAPUA NEW GUINEA, PHILIPPINES, SIERRA LEONE, UGANDA, ZAMBIA, AND ZIMBABWE.
OVERSEAS ELECTRIC COOPERATIVE DEVELOPMENT PROGRAM - THE PURPOSE OF THIS PROGRAM IS TO PROVIDE U.S. ELECTRIC COOPERATIVES WITH AN OPPORTUNITY TO VOLUNTEER AND SPONSOR RURAL ELECTRIFICATION PROJECTS IN DEVELOPING COUNTRIES. THESE PROJECTS ARE USUALLY SPONSORED BY ONE OR MORE U.S. COOPERATIVES WHO PROVIDE BOTH THE FUNDING AND VOLUNTEERS WHO ELECTRIFY SMALL RURAL VILLAGES PRIMARILY IN CENTRAL AND SOUTH AMERICA. DURING 2021 THERE WERE NO ELECTRIFICATION PROJECTS COMPLETED DUE TO THE WORLDWIDE COVID-19 PANDEMIC, WHICH HALTED OVERSEAS OPERATIONS. YET, THE ORGANIZATION DID RECOGNIZE A SMALL AMOUNT OF REVENUE REGARDING PLANNING FOR NEW PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel B Waddle Sr. VP Nreca International | Officer | 55 | $364,636 |
James Van Coevering International Consulting S | 40 | $192,749 | |
Jose Mercado Senior Engineer | Officer | 40 | $182,111 |
Jim Walsh Director Business Developm | 42 | $166,288 | |
Nicholas Himal Allen Senior Engineer | 43 | $162,631 | |
Guillermo Layerenza Project Manager | 40 | $146,755 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Altaf Hussain Electrical Supervison | 12/30/19 | $233,982 |
Serge Khalife Engineering & Geospatial Design Analysis | 12/30/19 | $169,569 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,106,616 |
| All other contributions, gifts, grants, and similar amounts not included above | $485,418 |
| Noncash contributions included in lines 1a–1f | $27,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,592,034 |
| Total Program Service Revenue | $4,348,416 |
| Investment income | $713 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,067 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,958,230 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $546,749 |
| Compensation of current officers, directors, key employees. | $147,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,546,925 |
| Pension plan accruals and contributions | $409,740 |
| Other employee benefits | $535,482 |
| Payroll taxes | $123,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,466 |
| Fees for services: Accounting | $12,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,572,208 |
| Advertising and promotion | $388 |
| Office expenses | $46,310 |
| Information technology | $168,672 |
| Royalties | $0 |
| Occupancy | $321,640 |
| Travel | $722,719 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,212 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,666 |
| Insurance | $123,997 |
| All other expenses | -$5,167 |
| Total functional expenses | $14,421,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,004,997 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $30,915 |
| Accounts receivable, net | $6,135,845 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $183,175 |
| Net Land, buildings, and equipment | $109,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,638,353 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,103,141 |
| Accounts payable and accrued expenses | $6,943,465 |
| Grants payable | $0 |
| Deferred revenue | $5,351,629 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $136,521 |
| Total liabilities | $12,431,615 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $3,671,526 |
| Total liabilities and net assets/fund balances | $16,103,141 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nreca International Ltd has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
American Gift Fund Wilmington, DE PURPOSE: OPERATIONS | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Municipal Securities Rulemaking Board Washington, DC | $78,531,119 | $35,699,202 |
American Gas Association Washington, DC | $54,599,533 | $35,694,026 |
National Association Of Corporate Directors Arlington, VA | $39,765,653 | $29,674,430 |
Association Of The United States Army Inc Arlington, VA | $92,353,784 | $27,615,070 |
National Association Of Counties Washington, DC | $110,279,270 | $28,057,928 |
American Public Power Assoc Arlington, VA | $27,597,409 | $24,009,237 |
American Public Transit Association Washington, DC | $25,928,823 | $18,627,373 |
National Association Of Federal Credit Unions Inc Arlington, VA | $31,185,033 | $18,837,903 |
National Telecommunications Cooperative Association Arlington, VA | $35,978,919 | $14,734,223 |
Nreca International Ltd Arlington, VA | $16,103,141 | $13,958,230 |
United States Telecom Association Washington, DC | $26,999,064 | $14,419,422 |
National Association Of Regulatory Utility Commissioners Washington, DC | $14,588,498 | $9,839,643 |