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Nonprofiteer
← ORANGE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2023

Filed by ORANGE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$25,938,058
Total expenses
$25,929,533
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$25,172,111
Investment income
$14,775
Other revenue
$751,172
Total assets, end of year
$108,724,769
Total liabilities, end of year
$86,728,231
Net assets or fund balances, end of year
$21,996,538
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 $16,670,343 · related or exempt $16,670,343

  • 2b · Program service revenue: FIBER REVENUE

    total $8,501,768 · unrelated business $8,501,768

  • 3 · Investment income

    total $14,775 · excluded $14,775

  • 6a · Gross rents

    personal property $73,735

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $73,735

  • 6d · Net rental income or loss

    total $73,735 · excluded $73,735

  • 11a · Other revenue: PATRONAGE CAPITAL

    total $604,008 · related or exempt $604,008

  • 11b · Other revenue: MERCHANDISING REVENUE

    total $73,429 · related or exempt $73,429

  • 11e · Other revenue, total

    $677,437

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,222,198

  • 5 · Compensation of officers, directors and key employees

    total $1,107,779

  • 7 · Other salaries and wages

    total $1,583,966

  • 9 · Other employee benefits

    total $732,450

  • 10 · Payroll taxes

    total $225,093

  • 20 · Interest

    total $3,183,767

  • 22 · Depreciation, depletion and amortization

    total $2,834,698

  • 24a · Other expenses: COST OF POWER

    total $11,087,000

  • 24b · Other expenses: DISTRIBUTION - MAINTENA

    total $1,400,408

  • 24c · Other expenses: ADMINISTRATIVE AND GENE

    total $1,160,457

  • 24d · Other expenses: DISTRIBUTION - OPERATIO

    total $987,059

  • 24e · All other expenses

    total $404,658

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,094,557 · end of year $899,350

  • 4 · Accounts receivable

    beginning of year $1,948,551 · end of year $2,183,384

  • 8 · Inventories for sale or use

    beginning of year $398,899 · end of year $391,972

  • 9 · Prepaid expenses and deferred charges

    beginning of year $169,561 · end of year $187,213

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

    $116,383,416

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

    $18,678,707

  • 10c · Land, buildings and equipment, net

    beginning of year $53,839,235 · end of year $97,704,709

  • 13 · Investments: program-related

    beginning of year $7,143,468 · end of year $7,358,141

  • 15 · Other assets

    beginning of year $29,385,501 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,608,682 · end of year $5,130,328

  • 23 · Secured mortgages and notes payable

    beginning of year $69,043,366 · end of year $80,779,158

  • 25 · Other liabilities

    beginning of year $382,397 · end of year $818,745

  • 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 $177,504 · end of year $178,854

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,767,823 · end of year $21,817,684

Mission and programs · 2023

Mission

TO PROVIDE RELIABLE ELECTRICITY AND SERVICES TO OUR CUSTOMERS.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 6,300 MEMBERS ON A COOPERATIVE BASIS.

  • DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 6,300 MEMBERS ON A COOPERATIVE BASIS.

As filed on the 2023 return.

Listed in Part VII

  • Randy Roberts

    PRESIDENT

    Total calculated
    $15,889
    From this org
    $15,889
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.37

  • Brian Hawkins

    VICE PRESIDENT

    Total calculated
    $19,886
    From this org
    $19,886
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.03

  • Daniel Houchin

    SECRETARY/TREASURER

    Total calculated
    $17,389
    From this org
    $17,389
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.71

  • Rodney Hager

    DIRECTOR

    Total calculated
    $13,846
    From this org
    $13,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.8

  • George Key

    DIRECTOR

    Total calculated
    $18,889
    From this org
    $18,889
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.68

  • Ben Lindsey

    DIRECTOR

    Total calculated
    $16,639
    From this org
    $16,639
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.47

  • Danny Easterday

    DIRECTOR

    Total calculated
    $15,514
    From this org
    $15,514
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.13

  • Matthew Deaton

    GENERAL MANAGER/CEO

    Total calculated
    $267,714
    From this org
    $220,099
    From related orgs
    $0
    Other
    $47,615
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $220,099
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $47,615
    Filer's total
    $267,714

  • Logan Laswell

    JOURNEYMAN LINEMAN

    Total calculated
    $133,870
    From this org
    $114,227
    From related orgs
    $0
    Other
    $19,643
    Hours/week
    47

  • Amos Murphy

    JOURNEYMAN LINEMAN

    Total calculated
    $148,157
    From this org
    $117,939
    From related orgs
    $0
    Other
    $30,218
    Hours/week
    47

  • William Chastain

    OPERATIONS MANAGER

    Total calculated
    $150,921
    From this org
    $112,257
    From related orgs
    $0
    Other
    $38,664
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $112,257
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,664
    Filer's total
    $150,921

  • Scott Strange

    LEAD LINEMAN

    Total calculated
    $138,552
    From this org
    $112,651
    From related orgs
    $0
    Other
    $25,901
    Hours/week
    45

  • Michael Duke

    JOURNEYMAN LINEMAN

    Total calculated
    $150,513
    From this org
    $112,243
    From related orgs
    $0
    Other
    $38,270
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $112,243
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $38,270
    Filer's total
    $150,513

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ORANGE COUNTY FIBER LLC

    INTERNET SERVICE · IN · income $8,501,768 · assets $40,372,672

    Directly controlled by ORANGE COUNTY REMC

Provenance

Return type
form_990
Tax year
2023
Filed
5 November 2024
IRS schema version
2023v5.1
Source object
202443209349313304

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