IRS Form 990 Assistance is Now Available for the 2025 Tax Year
NRECA provides assistance to some tax-exempt cooperatives in the annual preparation of Internal Revenue Service (IRS) Form 990 (Return of Organization Exempt from Income Tax). NRECA’s Actuarial Services team calculates the change in actuarial value of Retirement Security Plan benefits for each individual included on the Form 990 and, if applicable, similar amounts for the nonqualified deferred compensation pension restoration and executive benefit restoration plans.
Co-ops can submit their requests and retrieve their results through the Form 990 dashboard on the NRECA Employee Benefits website. All Form 990 requests submitted by April 15, 2026, will be completed by April 30, 2026. Requests received after April 15, 2026, will be completed within 10 business days of the request date.
Benefits administrators (BAs) and finance administrators (FAs) should select the participants who will be included on their co-op’s Form 990 filing; add special instructions, comments or questions; and submit their requests. The Actuarial Services team will fulfill those requests and upload the change in actuarial value for participants to the website where users will retrieve them. However, BAs and FAs must periodically monitor their Message Center messages for notifications regarding completed reports. Reference the Form 990 Requests Guide for more detailed instructions.
When making requests, co-ops must follow the guidelines in Part VII, Section A of the IRS Form 990 instructions and only select the names of the participants who meet the requirements to be listed on Form 990. Tax year 2025 requirements include:
- All current officers
- Current key employees with more than $150,000 of reportable compensation (limited to the top 20 highest compensated key employees)
- Current five highest-compensated employees with more than $100,000 of reportable compensation, other than officers or listed key employees
- Former officers, key employees and five highest compensated employees with more than $100,000 of reportable compensation
The IRS Form 990 must be filed by May 15, 2026.