Skip to content
Nonprofiteer
← MIAMI-CASS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by MIAMI-CASS COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$17,910,824
Total expenses
$18,164,219
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$17,523,718
Investment income
$49,682
Other revenue
$337,424
Total assets, end of year
$51,768,475
Total liabilities, end of year
$25,803,212
Net assets or fund balances, end of year
$25,965,263
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$18,164,219

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: RESIDENTIAL SALES

    total $11,097,006 · related or exempt $11,097,006

  • 2b · Program service revenue: COMMERCIAL AND INDUSTRIAL SALES

    total $5,181,199 · related or exempt $5,181,199

  • 2c · Program service revenue: SALES TO PUBLIC BUILDINGS

    total $1,130,409 · related or exempt $1,130,409

  • 2d · Program service revenue: FORFEITED DISCOUNTS

    total $53,597 · related or exempt $53,597

  • 2e · Program service revenue: MISCELLANEOUS ELETRIC REVENUES

    total $26,260 · related or exempt $26,260

  • 2f · All other program service revenue

    total $35,247 · related or exempt $35,247

  • 3 · Investment income

    total $50,788 · excluded $50,788

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

    other assets $1,106

  • 7c · Gain or loss

    other assets -$1,106

  • 7d · Net gain or loss

    total -$1,106 · excluded -$1,106

  • 11a · Other revenue: PATRONAGE CAPITAL REVENUE

    total $182,290 · related or exempt $182,290

  • 11b · Other revenue: MERCHANDISING

    total $144,734 · related or exempt $144,734

  • 11c · Other revenue: RENTAL REVENUE

    total $10,400 · related or exempt $10,400

  • 11e · Other revenue, total

    $337,424

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $422,385

  • 7 · Other salaries and wages

    total $425,858

  • 9 · Other employee benefits

    total $385,595

  • 20 · Interest

    total $701,446

  • 22 · Depreciation, depletion and amortization

    total $1,371,498

  • 24a · Other expenses: PURCHASED POWER

    total $11,984,865

  • 24b · Other expenses: MAINTENANCE EXPENSE

    total $1,351,754

  • 24c · Other expenses: OPERATIONS EXPENSE

    total $596,344

  • 24d · Other expenses: CUSTOMER ACCOUNTS EXPEN

    total $477,112

  • 24e · All other expenses

    total $447,362

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,707,096 · end of year $4,134,757

  • 2 · Savings and temporary cash investments

    beginning of year $5,085 · end of year $5,044

  • 4 · Accounts receivable

    beginning of year $2,656,105 · end of year $711,026

  • 7 · Other notes and loans receivable

    beginning of year $2,600,000 · end of year $2,142,910

  • 8 · Inventories for sale or use

    beginning of year $543,860 · end of year $466,713

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,846,615 · end of year $3,856,704

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

    $51,001,705

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

    $18,965,472

  • 10c · Land, buildings and equipment, net

    beginning of year $25,473,198 · end of year $32,036,233

  • 12 · Investments: other securities

    beginning of year $6,052,174 · end of year $8,411,848

  • 15 · Other assets

    beginning of year $3,255 · end of year $3,240

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,771,438 · end of year $2,282,110

  • 23 · Secured mortgages and notes payable

    beginning of year $16,399,344 · end of year $21,522,974

  • 25 · Other liabilities

    beginning of year $1,505,244 · end of year $1,998,128

  • 29 · Capital stock, trust principal or current funds

    beginning of year $155,400 · end of year $155,400

  • 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 $26,055,962 · end of year $25,809,863

Mission and programs · 2022

Mission

TO PROVIDE ELECTRICITY FOR OUR MEMBERS AT A REASONABLE COST.

Activities or mission (Part I)

TO PROVIDE DEPENDABLE ELECTRICITY FOR OUR MEMBERS AT REASONABLE COSTS.

  • DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS

    Expenses $18,164,219 · Revenue $17,861,142

As filed on the 2022 return.

Listed in Part VII

  • Jim Savage

    PRESIDENT

    Total calculated
    $14,098
    From this org
    $14,098
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.88

  • Todd Smith

    VICE PRESIDENT

    Total calculated
    $15,392
    From this org
    $15,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.86

  • Cindy Scott

    SECRETARY/TREASURER

    Total calculated
    $12,502
    From this org
    $12,502
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.38

  • Tony Caldwell

    DIRECTOR

    Total calculated
    $12,580
    From this org
    $12,580
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.23

  • Mark Hahn

    DIRECTOR

    Total calculated
    $12,210
    From this org
    $12,210
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.14

  • Scott Marschand

    DIRECTOR

    Total calculated
    $13,099
    From this org
    $13,099
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.89

  • Donald Willson

    DIRECTOR

    Total calculated
    $12,060
    From this org
    $12,060
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.81

  • Rob Schwartz

    CEO

    Total calculated
    $329,994
    From this org
    $197,304
    From related orgs
    $0
    Other
    $132,690
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,304
    Bonus
    $0
    Other
    $0
    Deferred
    $106,491
    Nontaxable benefits
    $26,199
    Filer's total
    $329,994

  • Brandon Williams

    DIRECTOR OF OPERATIONS

    Total calculated
    $189,288
    From this org
    $122,488
    From related orgs
    $0
    Other
    $66,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,488
    Bonus
    $0
    Other
    $0
    Deferred
    $42,352
    Nontaxable benefits
    $24,448
    Filer's total
    $189,288

  • Stephanie Ziems

    DIRECTOR OF FINANCE

    Total calculated
    $165,359
    From this org
    $117,612
    From related orgs
    $0
    Other
    $47,747
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,612
    Bonus
    $0
    Other
    $0
    Deferred
    $33,100
    Nontaxable benefits
    $14,647
    Filer's total
    $165,359

  • Kolbie Cox

    APPRENTICE LINEMAN

    Total calculated
    $150,701
    From this org
    $116,970
    From related orgs
    $0
    Other
    $33,731
    Hours/week
    46.32

    Schedule J breakdown matched by us

    Base
    $116,970
    Bonus
    $0
    Other
    $0
    Deferred
    $10,210
    Nontaxable benefits
    $23,521
    Filer's total
    $150,701

  • Matt Mavrick

    DIRECTOR OF IT

    Total calculated
    $139,039
    From this org
    $116,906
    From related orgs
    $0
    Other
    $22,133
    Hours/week
    40

  • Gary Rowe

    LINE SUPERINTENDENT

    Total calculated
    $167,653
    From this org
    $104,922
    From related orgs
    $0
    Other
    $62,731
    Hours/week
    42.37

    Schedule J breakdown matched by us

    Base
    $104,922
    Bonus
    $0
    Other
    $0
    Deferred
    $38,955
    Nontaxable benefits
    $23,776
    Filer's total
    $167,653

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
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202303149349301130

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.