Form 990 for tax year 2025
Filed by NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION.
Totals
- Total revenue
- $151,879,273
- Total expenses
- $151,958,355
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $150,804,968
- Investment income
- $269,292
- Other revenue
- $805,013
- Total assets, end of year
- $225,908,813
- Total liabilities, end of year
- $149,027,432
- Net assets or fund balances, end of year
- $76,881,381
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: ELECTRIC ENERGY SALES
total $150,674,446 · related or exempt $150,674,446
-
2b · Program service revenue: POLE RENTAL INCOME
total $126,517 · excluded $126,517
-
2c · Program service revenue: SOLAR REVENUE
total $4,005 · related or exempt $4,005
-
3 · Investment income
total $237,127 · excluded $237,127
-
6a · Gross rents
real property $154,366
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $154,366
-
6d · Net rental income or loss
total $154,366 · excluded $154,366
-
7a · Gross sales of assets other than inventory
other assets $81,447
-
7b · Less cost or other basis and sales expenses
other assets $49,282
-
7c · Gain or loss
other assets $32,165
-
7d · Net gain or loss
total $32,165 · excluded $32,165
-
11a · Other revenue: PATRONAGE ALLOCATIONS
total $370,270 · related or exempt $370,270
-
11b · Other revenue: CONTRACT SERVICE REVENUE
total $350,000 · related or exempt $350,000
-
11c · Other revenue: PROPANE REVENUE
total $7,610 · related or exempt $7,610
-
11d · All other revenue
total -$77,233 · related or exempt -$77,233
-
11e · Other revenue, total
$650,647
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $7,851,410
-
5 · Compensation of officers, directors and key employees
total $967,497
-
7 · Other salaries and wages
total $822,966
-
8 · Pension plan contributions
total $171,090
-
9 · Other employee benefits
total $150,092
-
12 · Advertising and promotion
total $42,881
-
20 · Interest
total $5,066,878
-
22 · Depreciation, depletion and amortization
total $8,212,690
-
23 · Insurance
total $74,016
-
24a · Other expenses: POWER COSTS
total $114,660,060
-
24b · Other expenses: DISTRIBUTION OPERATIONS
total $4,302,315
-
24c · Other expenses: DISTRIBUTION MAINTENANC
total $3,743,671
-
24d · Other expenses: ADMIN AND GENERAL
total $2,927,822
-
24e · All other expenses
total $2,964,967
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $630,419 · end of year $436,197
-
4 · Accounts receivable
beginning of year $16,717,853 · end of year $16,629,350
-
8 · Inventories for sale or use
beginning of year $2,860,026 · end of year $3,477,510
-
9 · Prepaid expenses and deferred charges
beginning of year $2,611,803 · end of year $16,359,075
-
10a · Land, buildings and equipment: cost or other basis
$269,816,987
-
10b · Land, buildings and equipment: accumulated depreciation
$95,338,965
-
10c · Land, buildings and equipment, net
beginning of year $159,940,195 · end of year $174,478,022
-
12 · Investments: other securities
beginning of year $13,688,947 · end of year $13,565,974
-
15 · Other assets
beginning of year $1,038,969 · end of year $962,685
-
17 · Accounts payable and accrued expenses
beginning of year $15,062,880 · end of year $16,514,172
-
23 · Secured mortgages and notes payable
beginning of year $105,990,312 · end of year $122,336,052
-
25 · Other liabilities
beginning of year $6,217,554 · end of year $10,177,208
-
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 $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $70,217,466 · end of year $76,881,381
Mission and programs · 2025
Mission
NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION (NREMC) IS INDIANA'S LARGEST MEMBER-OWNED ELECTRIC DISTRIBUTION COOPERATIVE, SUPPLYING ELECTRIC POWER TO MORE THAN 35,000 MEMBERS IN PORTIONS OF ALLEN, HUNTINGTON, KOSCIUSKO, NOBLE, WABASH, AND WHITLEY COUNTIES IN NORTHEASTERN INDIANA. NREMC IS COMMITTED TO ENSURING COST EFFECTIVE AND RELIABLE ENERGY SUPPLY TO ITS MEMBERS ACROSS NORTHEASTERN INDIANA. NREMC IS A COMPLETELY VERTICALLY INTEGRATED COOPERATIVE THAT HAS STRATEGICALLY POSITIONED ITSELF TO LEVERAGE ITS FLEXIBILITY THROUGH THE IMPLEMENTATION OF BEHIND-THE-METER (BTM) RESOURCES. NREMC, AS AN INNOVATIVE DISTRIBUTION SYSTEM OPERATOR (DSO), UTILIZES ITS FLEXIBILITY TO BETTER CONTROL ITS COSTS. NREMC IS A LOAD SERVING ENTITY (LSE) IN PJM.
Activities or mission (Part I)
ELECTRIC DISTRIBUTION COOPERATIVE DELIVERING ELECTRICITY IN PARTS OF SIX INDIANACOUNTIES;WHITLEY, ALLEN, HUNTINGTON, WABASH, NOBLE AND KOSCIUSKO.
-
DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS.
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Douglas SchraderDOUGLAS SCHRADER
CHAIRPERSON
- Total calculated
- $17,600
- From this org
- $17,200
- From related orgs
- $400
- Other
- $0
- Hours/week
- 2.3 + 0.1 related
-
Robert HigginsROBERT HIGGINS
SECRETARY
- Total calculated
- $21,050
- From this org
- $21,050
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.9
-
Cari JuilleratCARI JUILLERAT
BOARD MEMBER
- Total calculated
- $20,000
- From this org
- $20,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.5
-
Wesley WolfeWESLEY WOLFE
BOARD MEMBER
- Total calculated
- $18,250
- From this org
- $18,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.8
-
Gary GorrellGARY GORRELL
TEASURER
- Total calculated
- $19,600
- From this org
- $19,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.1
-
Cathy EgolfCATHY EGOLF
BOARD MEMBER
- Total calculated
- $17,650
- From this org
- $17,250
- From related orgs
- $400
- Other
- $0
- Hours/week
- 2.5 + 0.1 related
-
Erik LinnemeierERIK LINNEMEIER
BOARD MEMBER
- Total calculated
- $19,500
- From this org
- $19,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.3
-
Jeremy McClishJEREMY MCCLISH
VICE CHAIRPERSON
- Total calculated
- $15,550
- From this org
- $15,550
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.7
-
James WehrenbergJAMES WEHRENBERG
BOARD MEMBER
- Total calculated
- $5,400
- From this org
- $5,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0 + 0.54 related
-
Eric JungERIC JUNG
PRESIDENT AND CEO
- Total calculated
- $634,394
- From this org
- $413,836
- From related orgs
- $0
- Other
- $220,558
- Hours/week
- 55 + 0.25 related
Schedule J breakdown matched by us
- Base
- $413,836
- Bonus
- $0
- Other
- $0
- Deferred
- $183,656
- Nontaxable benefits
- $36,902
- Filer's total
- $634,394
-
Audra UherAUDRA UHER
CFO
- Total calculated
- $302,690
- From this org
- $194,963
- From related orgs
- $0
- Other
- $107,727
- Hours/week
- 48 + 0.75 related
Schedule J breakdown matched by us
- Base
- $194,963
- Bonus
- $0
- Other
- $0
- Deferred
- $73,472
- Nontaxable benefits
- $34,255
- Filer's total
- $302,690
-
James EitsertJAMES EITSERT
VP, POWER SUPPLY & GENERATION
- Total calculated
- $365,776
- From this org
- $210,298
- From related orgs
- $0
- Other
- $155,478
- Hours/week
- 48 + 0.25 related
Schedule J breakdown matched by us
- Base
- $210,298
- Bonus
- $0
- Other
- $0
- Deferred
- $137,264
- Nontaxable benefits
- $18,214
- Filer's total
- $365,776
-
Wayne ObrienWAYNE OBRIEN
VP, IT & CYBER SECURITY
- Total calculated
- $256,904
- From this org
- $159,120
- From related orgs
- $0
- Other
- $97,784
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $159,120
- Bonus
- $0
- Other
- $0
- Deferred
- $65,406
- Nontaxable benefits
- $32,378
- Filer's total
- $256,904
-
Alexandra JonesALEXANDRA JONES
VP, SR COUNSEL OF ENERGY & REGULATORY
- Total calculated
- $256,984
- From this org
- $180,787
- From related orgs
- $0
- Other
- $76,197
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $180,787
- Bonus
- $0
- Other
- $0
- Deferred
- $47,900
- Nontaxable benefits
- $28,297
- Filer's total
- $256,984
-
Christopher EverettsCHRISTOPHER EVERETTS
DIRECTOR OF ENGINEERING
- Total calculated
- $244,548
- From this org
- $168,795
- From related orgs
- $0
- Other
- $75,753
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $168,795
- Bonus
- $0
- Other
- $0
- Deferred
- $47,572
- Nontaxable benefits
- $28,181
- Filer's total
- $244,548
-
Scott SnyderSCOTT SNYDER
DIRECTOR OF OPERATIONS
- Total calculated
- $283,643
- From this org
- $155,454
- From related orgs
- $0
- Other
- $128,189
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $155,454
- Bonus
- $0
- Other
- $0
- Deferred
- $100,430
- Nontaxable benefits
- $27,759
- Filer's total
- $283,643
-
Teresa MerrymanTERESA MERRYMAN
VP, BUSINESS SERVICES
- Total calculated
- $258,706
- From this org
- $158,810
- From related orgs
- $0
- Other
- $99,896
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $158,810
- Bonus
- $0
- Other
- $0
- Deferred
- $66,420
- Nontaxable benefits
- $33,476
- Filer's total
- $258,706
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CUSTOMER CHOICE SERVIES CORP
C · R.E. DEVELOPMENT · IN · 100% owned · share of income $70,655 · share of assets $482,684 · controlled entity
Directly controlled by NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 18 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202622339349301322
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