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Nonprofiteer
← STEUBEN COUNTY RURAL ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2025

Filed by STEUBEN COUNTY RURAL ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$32,500,482
Total expenses
$29,421,547
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$31,411,051
Investment income
$21,783
Other revenue
$1,067,648
Total assets, end of year
$78,152,064
Total liabilities, end of year
$49,901,514
Net assets or fund balances, end of year
$28,250,550
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 $31,411,051 · related or exempt $31,411,051

  • 3 · Investment income

    total $21,783 · excluded $21,783

  • 11a · Other revenue: PATRONAGE CREDITS

    total $1,063,875 · related or exempt $1,063,875

  • 11b · Other revenue: MISCELLANEOUS

    total $3,773 · excluded $3,773

  • 11e · Other revenue, total

    $1,067,648

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $363,202

  • 6 · Compensation of disqualified persons

    total $4,000

  • 7 · Other salaries and wages

    total $1,817,401

  • 8 · Pension plan contributions

    total $747,388

  • 9 · Other employee benefits

    total $657,780

  • 10 · Payroll taxes

    total $242,881

  • 11b · Fees: legal

    total $4,975

  • 11c · Fees: accounting

    total $19,250

  • 11g · Fees: other

    total $2,388

  • 12 · Advertising and promotion

    total $148,745

  • 13 · Office expenses

    total $131,852

  • 14 · Information technology

    total $280,292

  • 20 · Interest

    total $2,297,330

  • 22 · Depreciation, depletion and amortization

    total $2,961,136

  • 23 · Insurance

    total $79,950

  • 24a · Other expenses: COST OF POWER

    total $18,026,508

  • 24b · Other expenses: ADMINISTRATIVE

    total $1,236,919

  • 24c · Other expenses: TAXES OTHER THAN INCOME

    total $249,437

  • 24d · Other expenses: SELLING & CUST ACCT EXPEN

    total $119,010

  • 24e · All other expenses

    total $31,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $246,686 · end of year $561,804

  • 2 · Savings and temporary cash investments

    beginning of year $829,587 · end of year $746,856

  • 4 · Accounts receivable

    beginning of year $2,856,316 · end of year $3,001,679

  • 8 · Inventories for sale or use

    beginning of year $496,456 · end of year $483,351

  • 9 · Prepaid expenses and deferred charges

    beginning of year $216,339 · end of year $303,565

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

    $83,274,889

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

    $20,930,109

  • 10c · Land, buildings and equipment, net

    beginning of year $61,637,074 · end of year $62,344,780

  • 12 · Investments: other securities

    beginning of year $10,014,254 · end of year $10,709,659

  • 14 · Intangible assets

    beginning of year $370 · end of year $370

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,741,435 · end of year $1,764,039

  • 23 · Secured mortgages and notes payable

    beginning of year $47,029,147 · end of year $46,076,871

  • 25 · Other liabilities

    beginning of year $2,051,800 · end of year $2,060,604

  • 29 · Capital stock, trust principal or current funds

    beginning of year $223,340 · end of year $225,440

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $2,225,999 · end of year $2,249,727

  • 31 · Retained earnings, endowment or other funds

    beginning of year $23,025,361 · end of year $25,775,383

Mission and programs · 2025

Mission

ELECTRIC COOPERATIVE

  • DISTRIBUTION OF ELECTRICITY AND RELIABLE HIGH SPEED INTERNET TO RURAL CUSTOMERS

As filed on the 2025 return.

Listed in Part VII

  • Gary Shough

    PRES

    Total calculated
    $17,600
    From this org
    $17,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5

  • Larry Jack

    V PRES

    Total calculated
    $8,700
    From this org
    $8,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.2

  • Samuel Gus Reed

    SEC/TREAS

    Total calculated
    $11,400
    From this org
    $11,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.8

  • Kyle Stockwell

    DIRECTOR

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.2

  • Marc Nelson

    DIRECTOR

    Total calculated
    $11,800
    From this org
    $11,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Carter Snider

    DIRECTOR

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3

  • Michael Kurtz

    DIRECTOR

    Total calculated
    $8,100
    From this org
    $8,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.4

  • Keith Keller

    DIRECTOR

    Total calculated
    $7,400
    From this org
    $7,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.6

  • Neasa Kalme

    DIRECTOR

    Total calculated
    $7,900
    From this org
    $7,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Kevin Keiser

    CEO

    Total calculated
    $273,302
    From this org
    $268,842
    From related orgs
    $0
    Other
    $4,460
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $268,842
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $4,460
    Filer's total
    $273,302

  • David Short

    DIRECTOR OF

    Total calculated
    $135,776
    From this org
    $131,649
    From related orgs
    $0
    Other
    $4,127
    Hours/week
    40

  • Dustin Everetts

    DIRECTOR OF

    Total calculated
    $145,393
    From this org
    $142,087
    From related orgs
    $0
    Other
    $3,306
    Hours/week
    40

  • Braden Nichols

    LINEMAN

    Total calculated
    $132,375
    From this org
    $132,009
    From related orgs
    $0
    Other
    $366
    Hours/week
    40

  • Steve Smith

    CFO

    Total calculated
    $146,602
    From this org
    $142,475
    From related orgs
    $0
    Other
    $4,127
    Hours/week
    40

  • Daylon Ulrich

    LINEMAN

    Total calculated
    $124,111
    From this org
    $124,111
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

None.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RE-COMM INC

    C CORP · TELE/INTER · IN · 100% owned · share of income $95 · share of assets $81,797

    Directly controlled by STEUBEN COUNTY REMC

Provenance

Return type
form_990
Tax year
2025
Filed
1 June 2026
IRS schema version
2025v4.0
Source object
202621809349301232

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