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Nonprofiteer
← CARROLL WHITE REMC

Form 990 for tax year 2022

Filed by CARROLL WHITE REMC.

Totals

Total revenue
$48,177,208
Total expenses
$48,177,208
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$46,970,053
Investment income
$165,805
Other revenue
$1,041,350
Total assets, end of year
$80,175,145
Total liabilities, end of year
$31,213,979
Net assets or fund balances, end of year
$48,961,166
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: Sale of Electricity

    total $46,970,053 · related or exempt $46,970,053

  • 3 · Investment income

    total $71,590 · excluded $71,590

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    real property $109,422

  • 6c · Rental income or loss

    real property $109,422

  • 6d · Net rental income or loss

    total $109,422 · related or exempt $92,514 · unrelated business $14,450 · excluded $2,458

  • 7a · Gross sales of assets other than inventory

    other assets $96,575

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

    other assets $2,360

  • 7c · Gain or loss

    other assets $94,215

  • 7d · Net gain or loss

    total $94,215 · related or exempt $94,215

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $5,700

  • 10b · Cost of goods sold

    $4,425

  • 10c · Net income from sales of inventory

    total $1,275 · related or exempt $1,275

  • 11a · Other revenue: Equity in Subsidiary

    total $33,608 · unrelated business $33,608

  • 11b · Other revenue: Other Income

    total $91,121 · unrelated business $91,121

  • 11c · Other revenue: Patronage Revenue

    total $805,924 · excluded $805,924

  • 11e · Other revenue, total

    $930,653

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $1,709,511

  • 5 · Compensation of officers, directors and key employees

    total $382,173

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,724,377

  • 8 · Pension plan contributions

    total $794,934

  • 9 · Other employee benefits

    total $1,029,008

  • 10 · Payroll taxes

    total $180,275

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $20,474

  • 11c · Fees: accounting

    total $21,845

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $116,284

  • 12 · Advertising and promotion

    total $87,587

  • 13 · Office expenses

    total $79,272

  • 14 · Information technology

    total $132,520

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $46,062

  • 20 · Interest

    total $903,147

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,188,351

  • 23 · Insurance

    total $119,265

  • 24a · Other expenses: Purchased Power

    total $32,534,930

  • 24b · Other expenses: Maintenance

    total $2,024,812

  • 24c · Other expenses: Operations

    total $1,625,962

  • 24d · Other expenses: Consumer Accts & Services

    total $456,419

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,248,961 · end of year $3,449,569

  • 2 · Savings and temporary cash investments

    beginning of year $1,000,000 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $6,631,357 · end of year $6,743,773

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,769,054 · end of year $2,500,355

  • 8 · Inventories for sale or use

    beginning of year $1,376,949 · end of year $1,481,626

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,648,492 · end of year $3,772,172

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

    $87,377,596

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

    $34,143,838

  • 10c · Land, buildings and equipment, net

    beginning of year $49,441,520 · end of year $53,233,758

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year -$5,891,475 · end of year -$5,857,866

  • 13 · Investments: program-related

    beginning of year $14,401,832 · end of year $14,851,758

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,014,695 · end of year $4,086,505

  • 23 · Secured mortgages and notes payable

    beginning of year $25,171,847 · end of year $26,646,136

  • 25 · Other liabilities

    beginning of year $582,564 · end of year $481,338

  • 31 · Retained earnings, endowment or other funds

    beginning of year $47,857,584 · end of year $48,961,166

Mission and programs · 2022

Mission

Provide electricity and related services to our members- Creatively enhancing our community through safety and service.

  • N/A

As filed on the 2022 return.

Listed in Part VII

  • Mark Jargstorf

    Dir of Operations

    Total calculated
    $323,349
    From this org
    $137,814
    From related orgs
    $0
    Other
    $185,535
    Hours/week
    43.69

    Schedule J breakdown matched by us

    Base
    $135,029
    Bonus
    not reported
    Other
    $2,785
    Deferred
    $157,502
    Nontaxable benefits
    $28,033
    Filer's total
    $323,349

  • Catherine Raderstorf

    CEO

    Total calculated
    $311,421
    From this org
    $203,750
    From related orgs
    $0
    Other
    $107,671
    Hours/week
    46.13

    Schedule J breakdown matched by us

    Base
    $200,476
    Bonus
    not reported
    Other
    $3,274
    Deferred
    $93,246
    Nontaxable benefits
    $14,425
    Filer's total
    $311,421

  • Travis Albright

    Director of IT

    Total calculated
    $222,286
    From this org
    $129,642
    From related orgs
    $0
    Other
    $92,644
    Hours/week
    41.52

    Schedule J breakdown matched by us

    Base
    $129,238
    Bonus
    not reported
    Other
    $404
    Deferred
    $62,601
    Nontaxable benefits
    $30,043
    Filer's total
    $222,286

  • Frank Leach

    Journeyman/Lineman

    Total calculated
    $189,815
    From this org
    $139,667
    From related orgs
    $0
    Other
    $50,148
    Hours/week
    50.58

    Schedule J breakdown matched by us

    Base
    $139,444
    Bonus
    not reported
    Other
    $223
    Deferred
    $22,583
    Nontaxable benefits
    $27,565
    Filer's total
    $189,815

  • Matthew Kent

    Journeyman Lineman

    Total calculated
    $179,951
    From this org
    $140,771
    From related orgs
    $0
    Other
    $39,180
    Hours/week
    49.56

    Schedule J breakdown matched by us

    Base
    $140,512
    Bonus
    not reported
    Other
    $259
    Deferred
    $25,654
    Nontaxable benefits
    $13,526
    Filer's total
    $179,951

  • Tyson Jones

    Journeyman/Lineman

    Total calculated
    $179,434
    From this org
    $139,859
    From related orgs
    $0
    Other
    $39,575
    Hours/week
    49.84

    Schedule J breakdown matched by us

    Base
    $139,636
    Bonus
    not reported
    Other
    $223
    Deferred
    $26,549
    Nontaxable benefits
    $13,026
    Filer's total
    $179,434

  • Tina Davis

    Director

    Total calculated
    $15,902
    From this org
    $15,902
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.62

  • Gary Gerlach

    Director

    Total calculated
    $11,067
    From this org
    $11,067
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.6

  • Kent Zimpfer

    President

    Total calculated
    $10,849
    From this org
    $10,849
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.96

  • Ralph Zarse

    Secretary

    Total calculated
    $10,452
    From this org
    $10,452
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.29

  • Aaron Anderson

    Director

    Total calculated
    $9,131
    From this org
    $9,131
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.5

  • Margaret Foutch

    Vice President

    Total calculated
    $8,834
    From this org
    $8,834
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • Kevin Bender

    Director

    Total calculated
    $4,517
    From this org
    $4,517
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.07

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
28 April 2023
IRS schema version
2022v5.0
Source object
202331189349301568

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