Skip to content
Nonprofiteer
← PARKE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by PARKE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$29,048,891
Total expenses
$29,059,328
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,057,780
Investment income
$26,595
Other revenue
$964,516
Total assets, end of year
$73,487,954
Total liabilities, end of year
$32,590,441
Net assets or fund balances, end of year
$40,897,513
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 SALES

    total $28,057,780 · related or exempt $28,057,780

  • 3 · Investment income

    total $26,595 · excluded $26,595

  • 6a · Gross rents

    personal property $57,996

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $57,996

  • 6d · Net rental income or loss

    total $57,996 · excluded $57,996

  • 11a · Other revenue: PATRONAGE CAPITAL

    total $553,030 · related or exempt $553,030

  • 11b · Other revenue: OTHER REVENUE

    total $341,383 · related or exempt $341,383

  • 11c · Other revenue: UNRELATED BUSINESS REVENUE

    total $12,107 · unrelated business $12,107

  • 11e · Other revenue, total

    $906,520

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,529,105

  • 5 · Compensation of officers, directors and key employees

    total $1,113,602

  • 7 · Other salaries and wages

    total $1,242,719

  • 8 · Pension plan contributions

    total $625,221

  • 9 · Other employee benefits

    total $798,452

  • 10 · Payroll taxes

    total $213,378

  • 20 · Interest

    total $1,083,050

  • 22 · Depreciation, depletion and amortization

    total $3,147,311

  • 24a · Other expenses: COST OF SALES

    total $16,902,784

  • 24b · Other expenses: ADMINISTRATIVE & GENERA

    total $1,026,517

  • 24c · Other expenses: OPERATIONS

    total $755,444

  • 24d · Other expenses: PROPERTY TAX AND URT

    total $459,729

  • 24e · All other expenses

    total $162,016

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $489,802 · end of year $577,209

  • 2 · Savings and temporary cash investments

    end of year $6,000,000

  • 4 · Accounts receivable

    beginning of year $2,746,535 · end of year $3,295,710

  • 8 · Inventories for sale or use

    beginning of year $675,448 · end of year $910,693

  • 9 · Prepaid expenses and deferred charges

    beginning of year $248,235 · end of year $107,951

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

    $85,497,093

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

    $32,573,116

  • 10c · Land, buildings and equipment, net

    beginning of year $50,929,488 · end of year $52,923,977

  • 13 · Investments: program-related

    beginning of year $9,074,665 · end of year $9,408,288

  • 15 · Other assets

    beginning of year $0 · end of year $264,126

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,421,350 · end of year $4,085,392

  • 23 · Secured mortgages and notes payable

    beginning of year $20,181,573 · end of year $26,649,791

  • 24 · Unsecured notes and loans payable

    beginning of year $294,796 · end of year $801,943

  • 25 · Other liabilities

    beginning of year $874,291 · end of year $1,053,315

  • 29 · Capital stock, trust principal or current funds

    beginning of year $97,678 · end of year $93,378

  • 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 $39,294,485 · end of year $40,804,135

Mission and programs · 2022

Mission

TO PROVIDE RELIABLE ENERGY AND INNOVATIVE SERVICES, AT A COMPETITIVE COST, TO OUR MEMBER OWNERS AND COMMUNITIES.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 9,600 MEMBERS ON A COOPERATIVE BASIS.

  • DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 9,600 MEMBERS ON A COOPERATIVE BASIS.

As filed on the 2022 return.

Listed in Part VII

  • Keith Blaydes

    PRESIDENT

    Total calculated
    $14,265
    From this org
    $14,265
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Mark Evans

    VICE PRESIDENT

    Total calculated
    $12,235
    From this org
    $12,235
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Janean Deplanty

    SECRETARY/TREASURER

    Total calculated
    $11,040
    From this org
    $11,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Doug Brown

    DIRECTOR

    Total calculated
    $21,976
    From this org
    $21,976
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Kevin Cox

    DIRECTOR

    Total calculated
    $23,086
    From this org
    $23,086
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Shane Johnson

    DIRECTOR

    Total calculated
    $11,680
    From this org
    $11,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Donald Perry Mager

    DIRECTOR

    Total calculated
    $10,960
    From this org
    $10,960
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Chadd Jenkins

    CEO/GENERAL MANAGER

    Total calculated
    $230,818
    From this org
    $178,630
    From related orgs
    $0
    Other
    $52,188
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $178,630
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $52,188
    Filer's total
    $230,818

  • Betty Winters

    MANAGER OF FINANCE & ADMIN

    Total calculated
    $165,189
    From this org
    $124,069
    From related orgs
    $0
    Other
    $41,120
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $124,069
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $41,120
    Filer's total
    $165,189

  • Michael Jeffries

    MANAGER OF OPERATIONS

    Total calculated
    $169,543
    From this org
    $116,079
    From related orgs
    $0
    Other
    $53,464
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $116,079
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $53,464
    Filer's total
    $169,543

  • Rylan Carr

    JOURNEYMAN LINEMAN

    Total calculated
    $141,476
    From this org
    $117,008
    From related orgs
    $0
    Other
    $24,468
    Hours/week
    46.63

  • William Seay

    JOURNEYMAN LINEMAN

    Total calculated
    $155,439
    From this org
    $115,865
    From related orgs
    $0
    Other
    $39,574
    Hours/week
    47.48

    Schedule J breakdown matched by us

    Base
    $115,865
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,574
    Filer's total
    $155,439

  • Christopher Bosely

    JOURNEYMAN LINEMAN

    Total calculated
    $145,895
    From this org
    $122,005
    From related orgs
    $0
    Other
    $23,890
    Hours/week
    48.2

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.

  • PARKE PROFESSIONAL SERVICES LLC

    TREE TRIMMING · IN · income $1,636,323 · assets $1,079,677

    Directly controlled by PARKE COUNTY REMC

Provenance

Return type
form_990
Tax year
2022
Filed
26 October 2023
IRS schema version
2022v5.0
Source object
202303189349301660

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.