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Nonprofiteer
← JASPER COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2023

Filed by JASPER COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$32,945,077
Total expenses
$32,945,077
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$31,993,570
Investment income
$27,573
Other revenue
$923,934
Total assets, end of year
$61,656,311
Total liabilities, end of year
$29,152,670
Net assets or fund balances, end of year
$32,503,641
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 REVENUE

    total $31,993,570 · related or exempt $31,993,570

  • 3 · Investment income

    total $27,573 · excluded $27,573

  • 6a · Gross rents

    personal property $96,684

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $96,684

  • 6d · Net rental income or loss

    total $96,684 · excluded $96,684

  • 11a · Other revenue: PATRONAGE CAPITAL

    total $827,250 · related or exempt $827,250

  • 11e · Other revenue, total

    $827,250

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $824,681

  • 5 · Compensation of officers, directors and key employees

    total $1,129,826

  • 7 · Other salaries and wages

    total $2,020,386

  • 8 · Pension plan contributions

    total $206,088

  • 9 · Other employee benefits

    total $412,834

  • 10 · Payroll taxes

    total $165,389

  • 20 · Interest

    total $1,049,655

  • 22 · Depreciation, depletion and amortization

    total $1,708,256

  • 24a · Other expenses: COST OF POWER

    total $23,106,428

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $1,152,914

  • 24c · Other expenses: ADMINISTRATIVE AND GENE

    total $705,833

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $489,194

  • 24e · All other expenses

    total -$26,407

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $490,822 · end of year $1,567,572

  • 4 · Accounts receivable

    beginning of year $7,436,458 · end of year $2,500,790

  • 8 · Inventories for sale or use

    beginning of year $988,449 · end of year $1,620,442

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,232,281 · end of year $1,105,306

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

    $54,693,567

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

    $14,784,133

  • 10c · Land, buildings and equipment, net

    beginning of year $38,195,165 · end of year $39,909,434

  • 13 · Investments: program-related

    beginning of year $11,589,876 · end of year $14,952,767

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,970,133 · end of year $2,439,150

  • 23 · Secured mortgages and notes payable

    beginning of year $18,182,308 · end of year $24,750,406

  • 25 · Other liabilities

    beginning of year $1,814,047 · end of year $1,963,114

  • 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 $31,966,563 · end of year $32,503,641

Mission and programs · 2023

Mission

JASPER COUNTY REMC EXISTS TO PROVIDE RELIABLE ELECTRIC SERVICE TO ITS MEMBERS AND MEET THEIR COLLECTIVE ENERGY NEEDS. WE ARE COMMITTED TO MEMBER SATISFACTION, SERVICE EXCELLENCE AND BEING A RESPONSIBLE CITIZEN IN OUR COMMUNITY.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 8,600 MEMBERS ON A COOPERATIVE BASIS.

  • DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 8,600 MEMBERS ON A COOPERATIVE BASIS.

As filed on the 2023 return.

Listed in Part VII

  • Bart A Nesius

    PRESIDENT

    Total calculated
    $27,942
    From this org
    $27,942
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.04

  • Dain A Hayworth

    VICE-PRESIDENT

    Total calculated
    $28,800
    From this org
    $28,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.68

  • Mark Hurley

    SECRETARY/TREASURER

    Total calculated
    $26,850
    From this org
    $26,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.37

  • Mark Kingma

    DIRECTOR

    Total calculated
    $28,650
    From this org
    $28,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.37

  • David R Duttlinger

    DIRECTOR

    Total calculated
    $30,900
    From this org
    $30,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.97

  • Kerry Miller

    DIRECTOR

    Total calculated
    $27,150
    From this org
    $27,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.27

  • Joann McElfresh

    DIRECTOR

    Total calculated
    $29,250
    From this org
    $29,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.7

  • Jonathon Rich

    CEO/GENERAL MANAGER

    Total calculated
    $217,714
    From this org
    $140,361
    From related orgs
    $0
    Other
    $77,353
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,361
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $77,353
    Filer's total
    $217,714

  • Kenneth Gerhardt

    DIR. OF ENGINEERING & OPER

    Total calculated
    $161,697
    From this org
    $116,732
    From related orgs
    $0
    Other
    $44,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,732
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $44,965
    Filer's total
    $161,697

  • Michael Wivoet

    JOURNEYMAN LINEMAN

    Total calculated
    $132,446
    From this org
    $111,755
    From related orgs
    $0
    Other
    $20,691
    Hours/week
    44.9

  • Braden Mattocks

    1ST CLASS LINEMAN

    Total calculated
    $139,759
    From this org
    $119,288
    From related orgs
    $0
    Other
    $20,471
    Hours/week
    45.6

  • Chad Witherington

    1ST CLASS LINEMAN

    Total calculated
    $138,694
    From this org
    $116,023
    From related orgs
    $0
    Other
    $22,671
    Hours/week
    44.4

  • Adam Black

    JOURNEYMAN LINEMAN

    Total calculated
    $139,974
    From this org
    $110,086
    From related orgs
    $0
    Other
    $29,888
    Hours/week
    45.4

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 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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349306408

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