Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PROGRAM SERVICE REVENUE

  total $54,197,418 · related or exempt $54,197,418

• 2b · Program service revenue: POLE RENTAL

  total $150,291 · excluded $150,291

• 2c · Program service revenue: EQUITY IN EARNINGS OF SUBSIDIARY

  total -$748,748 · unrelated business -$748,748

• 3 · Investment income

  total $449,688 · excluded $449,688

• 7a · Gross sales of assets other than inventory

  other assets $3,500

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $3,500

• 7d · Net gain or loss

  total $3,500 · excluded $3,500

• 11a · Other revenue: PATRONAGE REVENUE

  total $992,727 · excluded $992,727

• 11e · Other revenue, total

  $992,727

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $978,418 · program services $978,418

• 7 · Other salaries and wages

  total $591,911 · program services $591,911

• 11b · Fees: legal

  total $14,020 · program services $14,020

• 11c · Fees: accounting

  total $18,600 · program services $18,600

• 13 · Office expenses

  total $999,915 · program services $999,915

• 20 · Interest

  total $3,398,218 · program services $3,398,218

• 22 · Depreciation, depletion and amortization

  total $3,603,849 · program services $3,603,849

• 24a · Other expenses: PURCHASED POWER

  total $38,115,761 · program services $38,115,761

• 24b · Other expenses: ADMINISTRATIVE EXPENSES

  total $2,556,642 · program services $2,556,642

• 24c · Other expenses: OPERATING EXPENSES

  total $1,226,566 · program services $1,226,566

• 24d · Other expenses: MAINTENANCE

  total $1,035,724 · program services $1,035,724

• 24e · All other expenses

  total $438,643 · program services $438,643

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $16,753 · end of year $101,054

• 4 · Accounts receivable

  beginning of year $10,628,775 · end of year $12,246,170

• 8 · Inventories for sale or use

  beginning of year $576,689 · end of year $2,042,596

• 9 · Prepaid expenses and deferred charges

  beginning of year $226,137 · end of year $147,346

• 10a · Land, buildings and equipment: cost or other basis

  $143,514,333

• 10b · Land, buildings and equipment: accumulated depreciation

  $30,917,618

• 10c · Land, buildings and equipment, net

  beginning of year $104,301,729 · end of year $112,596,715

• 12 · Investments: other securities

  beginning of year $15,449,823 · end of year $15,430,599

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $6,092,442 · end of year $6,180,852

• 23 · Secured mortgages and notes payable

  beginning of year $54,513,843 · end of year $63,719,876

• 25 · Other liabilities

  beginning of year $13,044 · end of year $17,183

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $443,524 · end of year $443,524

• 31 · Retained earnings, endowment or other funds

  beginning of year $70,137,053 · end of year $72,203,045

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR COMPANIONS OF CEO AND DIRECTORS TO APPROVED MEETINGS IS ALLOWED IN COMPANY POLICY.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• KOSCIUSKO CONNECT LLC

  HIGH SPEED INTERNET · IN · income $6,003,216 · assets $5,268,159

  Directly controlled by KOSCIUSKO REMC

• KOSCIUSKO COUNTY COMMUNITY FOUNDATION

  CHARITABLE DISBURSEMENT · IN · income $90,671 · assets $7,528

  Directly controlled by KOSCIUSKO REMC