Skip to content
Nonprofiteer
← DUBOIS RURAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by DUBOIS RURAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$39,230,613
Total expenses
$39,230,613
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$38,565,580
Investment income
$262,548
Other revenue
$402,485
Total assets, end of year
$68,300,220
Total liabilities, end of year
$18,253,053
Net assets or fund balances, end of year
$50,047,167
Program services expenses (Part IX)
$39,230,613
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% 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: CONSUMER PATRONAGE CAP

    total $97,860 · related or exempt $97,860

  • 2b · Program service revenue: G & T PATRONAGE CAPITAL

    total $793,041 · related or exempt $793,041

  • 2c · Program service revenue: SALE OF ELECTRICTY

    total $37,674,679 · related or exempt $37,674,679

  • 3 · Investment income

    total $262,175 · related or exempt $260,718 · unrelated business $1,457

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

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    personal property $397,847

  • 6c · Rental income or loss

    personal property $397,847

  • 6d · Net rental income or loss

    total $397,847 · related or exempt $397,847

  • 7a · Gross sales of assets other than inventory

    other assets $373

  • 7c · Gain or loss

    other assets $373

  • 7d · Net gain or loss

    total $373 · related or exempt $373

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $14,696

  • 10b · Cost of goods sold

    $10,058

  • 10c · Net income from sales of inventory

    total $4,638 · unrelated business $4,638

  • 11e · Other revenue, total

    $0

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 $2,440,349 · program services $2,440,349

  • 5 · Compensation of officers, directors and key employees

    total $745,425 · program services $745,425

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,186,957 · program services $2,186,957

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $5,638 · program services $5,638

  • 11c · Fees: accounting

    total $12,400 · program services $12,400

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $6,917 · program services $6,917

  • 13 · Office expenses

    total $109,415 · program services $109,415

  • 14 · Information technology

    total $0

  • 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 $65,264 · program services $65,264

  • 20 · Interest

    total $554,707 · program services $554,707

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,607,772 · program services $2,607,772

  • 23 · Insurance

    total $96,936 · program services $96,936

  • 24a · Other expenses: PURCHASED POWER

    total $26,326,260 · program services $26,326,260

  • 24b · Other expenses: DISTRIBUTION EXP

    total $2,985,353 · program services $2,985,353

  • 24c · Other expenses: ADMINISTRATION

    total $854,527 · program services $854,527

  • 24d · Other expenses: OTHER TAXES

    total $232,693 · program services $232,693

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $374,083 · end of year $552,602

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $3,491,647 · end of year $3,427,857

  • 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

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $800,935 · end of year $606,487

  • 9 · Prepaid expenses and deferred charges

    beginning of year $216,042 · end of year $494,237

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

    $77,843,429

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

    $31,247,010

  • 10c · Land, buildings and equipment, net

    beginning of year $45,914,596 · end of year $46,596,419

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $16,425,415 · end of year $16,622,616

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $2 · end of year $2

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,217,704 · end of year $4,517,920

  • 23 · Secured mortgages and notes payable

    beginning of year $13,201,295 · end of year $13,735,133

  • 31 · Retained earnings, endowment or other funds

    beginning of year $48,803,721 · end of year $50,047,167

Mission and programs · 2024

Mission

DUBOIS RURAL ELECTRIC COOPERATIVE, INC.'S MISSION IS TO ENHANCE THE LIVES OF THE MEMBERS AND COMMUNITIES WE SERVE BY PROVIDING SAFE, RELIABLE, AFFORDABLE ELECTRICITY AND ENERGY SOLUTIONS

  • PROVIDING SAFE, RELIABLE, AFFORDABLE ELECTRICTY AND ENERGY SOLUTIONS TO OUR MEMBERS AND COMMUNITIES WE SERVE

As filed on the 2024 return.

Listed in Part VII

  • Joseph Henson

    CEO

    Total calculated
    $473,275
    From this org
    $271,481
    From related orgs
    $0
    Other
    $201,794
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $271,481
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $201,794
    Filer's total
    $473,275

  • Greg Dilger

    Project Engineer

    Total calculated
    $179,748
    From this org
    $123,305
    From related orgs
    $0
    Other
    $56,443
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $123,305
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $56,443
    Filer's total
    $179,748

  • Scott Rottet

    Journeyman Lineman

    Total calculated
    $178,732
    From this org
    $122,130
    From related orgs
    $0
    Other
    $56,602
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $122,130
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $56,602
    Filer's total
    $178,732

  • Patrick Lichlyter

    Operations Manager

    Total calculated
    $169,236
    From this org
    $131,905
    From related orgs
    $0
    Other
    $37,331
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $131,905
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $37,331
    Filer's total
    $169,236

  • Matthew Ernst

    JOURNEYMAN LINEMAN

    Total calculated
    $146,451
    From this org
    $120,253
    From related orgs
    $0
    Other
    $26,198
    Hours/week
    45

  • Johnathon Durcholz

    JOURNEYMAN LINEMAN

    Total calculated
    $145,701
    From this org
    $121,049
    From related orgs
    $0
    Other
    $24,652
    Hours/week
    45

  • Craig Adams

    CFO

    Total calculated
    $135,826
    From this org
    $101,281
    From related orgs
    $0
    Other
    $34,545
    Hours/week
    45

  • David Rudolph

    Director

    Total calculated
    $23,763
    From this org
    $23,763
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Andy Schwenk

    Director

    Total calculated
    $20,663
    From this org
    $20,663
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Brad Knies

    President

    Total calculated
    $19,763
    From this org
    $19,763
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Randall Stemle

    Secretary

    Total calculated
    $19,163
    From this org
    $19,163
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Steven Speedy

    Director

    Total calculated
    $18,646
    From this org
    $18,646
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Richard Wendholt

    Vice President

    Total calculated
    $17,413
    From this org
    $17,413
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Mark Montgomery

    Director

    Total calculated
    $16,913
    From this org
    $16,913
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • COOPERATIVES ONE LLC

    EXCEDE INTERNET · IN · 33% owned · share of income $1,457 · share of assets $91,621 · general or managing partner

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349310855

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.