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Nonprofiteer
← LEWIS COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION

Form 990 for tax year 2024

Filed by LEWIS COUNTY RURAL ELECTRIC COOPERATIVE ASSOCIATION.

Totals

Total revenue
$20,461,725
Total expenses
$20,461,725
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$20,231,737
Investment income
$114,835
Other revenue
$115,153
Total assets, end of year
$66,114,279
Total liabilities, end of year
$40,582,684
Net assets or fund balances, end of year
$25,531,595
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 $19,317,971 · related or exempt $19,317,971

  • 2b · Program service revenue: Capital Credits

    total $781,017 · related or exempt $781,017

  • 2c · Program service revenue: Other Operating

    total $132,749 · related or exempt $132,749

  • 3 · Investment income

    total $114,835 · excluded $114,835

  • 6a · Gross rents

    personal property $8,977

  • 6c · Rental income or loss

    personal property $8,977

  • 6d · Net rental income or loss

    total $8,977 · excluded $8,977

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Non-Operating

    total $106,176 · related or exempt $106,176

  • 11e · Other revenue, total

    $106,176

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,894,100

  • 5 · Compensation of officers, directors and key employees

    total $624,133

  • 7 · Other salaries and wages

    total $752,743

  • 20 · Interest

    total $1,196,482

  • 22 · Depreciation, depletion and amortization

    total $1,748,572

  • 24a · Other expenses: Cost of Power

    total $8,470,179 · program services $8,470,179

  • 24b · Other expenses: Distribution Expense

    total $2,946,304 · program services $2,946,304

  • 24c · Other expenses: Admin & General

    total $1,035,392 · program services $1,035,392

  • 24d · Other expenses: Member Services

    total $793,820 · program services $793,820

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $686,778 · end of year $779,535

  • 2 · Savings and temporary cash investments

    beginning of year $286,319 · end of year $1,333,342

  • 4 · Accounts receivable

    beginning of year $1,725,930 · end of year $2,438,047

  • 8 · Inventories for sale or use

    beginning of year $151,495 · end of year $39,891

  • 9 · Prepaid expenses and deferred charges

    beginning of year $98,975 · end of year $105,544

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

    $57,395,316

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

    $6,326,389

  • 10c · Land, buildings and equipment, net

    beginning of year $48,513,820 · end of year $51,068,927

  • 13 · Investments: program-related

    beginning of year $8,003,696 · end of year $10,348,993

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,342,002 · end of year $1,585,009

  • 23 · Secured mortgages and notes payable

    beginning of year $35,007,829 · end of year $38,512,316

  • 25 · Other liabilities

    beginning of year $448,782 · end of year $485,359

  • 29 · Capital stock, trust principal or current funds

    beginning of year $47,224 · end of year $123,250

  • 31 · Retained earnings, endowment or other funds

    beginning of year $22,621,176 · end of year $25,408,345

Mission and programs · 2024

Mission

To provide reliable energy and related services to our members at the lowest cost.

  • The Cooperatives service consists of 2,477 miles of energized line servicing approximately 7,350 meters. The service area covers part of 7 counties: Lewis, Clark, Knox, Adair, Shelby, Scotland, and Marion and the towns of Novelty, Arbela, Granger, Durham, Maywood, Monticello, and Medill.

As filed on the 2024 return.

Listed in Part VII

  • Staci Mesmer

    CEO

    Total calculated
    $212,353
    From this org
    $143,442
    From related orgs
    $0
    Other
    $68,911
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $143,442
    Bonus
    not reported
    Other
    not reported
    Deferred
    $39,809
    Nontaxable benefits
    $29,102
    Filer's total
    $212,353

  • Rustyn Carter

    Lead Lineman

    Total calculated
    $175,165
    From this org
    $123,428
    From related orgs
    $0
    Other
    $51,737
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $123,428
    Bonus
    not reported
    Other
    not reported
    Deferred
    $32,605
    Nontaxable benefits
    $19,132
    Filer's total
    $175,165

  • Kendall Hawkins

    Operations Manager

    Total calculated
    $173,379
    From this org
    $118,870
    From related orgs
    $0
    Other
    $54,509
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $118,870
    Bonus
    not reported
    Other
    not reported
    Deferred
    $25,012
    Nontaxable benefits
    $29,497
    Filer's total
    $173,379

  • Theresa Simmons

    Manager of Finance

    Total calculated
    $163,901
    From this org
    $110,107
    From related orgs
    $0
    Other
    $53,794
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $110,107
    Bonus
    not reported
    Other
    not reported
    Deferred
    $42,092
    Nontaxable benefits
    $11,702
    Filer's total
    $163,901

  • Joe Lay

    Lead Lineman

    Total calculated
    $154,298
    From this org
    $108,805
    From related orgs
    $0
    Other
    $45,493
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $108,805
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,272
    Nontaxable benefits
    $29,221
    Filer's total
    $154,298

  • Ryan Booher

    Lineman

    Total calculated
    $145,648
    From this org
    $113,493
    From related orgs
    $0
    Other
    $32,155
    Hours/week
    45

  • John McCutchan

    Lineman

    Total calculated
    $139,595
    From this org
    $108,470
    From related orgs
    $0
    Other
    $31,125
    Hours/week
    45

  • Ryan Waterman

    Lineman

    Total calculated
    $138,037
    From this org
    $123,025
    From related orgs
    $0
    Other
    $15,012
    Hours/week
    45

  • Larry Clark

    Director

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.52

  • Michael Schantz

    Director

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.71

  • Larry Smoot

    Director

    Total calculated
    $8,750
    From this org
    $8,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.53

  • Sandra Ebeling

    Director

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.07

  • Randy James

    Director

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.33

  • Angie Seals

    Director

    Total calculated
    $8,250
    From this org
    $8,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.1

  • Jeff Whiston

    Director

    Total calculated
    $7,750
    From this org
    $7,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.41

  • Donna Flood

    Director

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.2

  • Emery Geisendorfer Jr

    Director

    Total calculated
    $5,750
    From this org
    $5,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.41

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 · 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
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202523089349301822

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