Skip to content
Nonprofiteer
← NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$148,636,885
Total expenses
$144,784,808
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$147,866,391
Investment income
$175,776
Other revenue
$594,718
Total assets, end of year
$169,828,960
Total liabilities, end of year
$106,072,973
Net assets or fund balances, end of year
$63,755,987
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: PROGRAM SERVICE REVENUE

    total $147,866,391 · related or exempt $147,866,391

  • 3 · Investment income

    total $146,975 · excluded $146,975

  • 7a · Gross sales of assets other than inventory

    other assets $58,109

  • 7b · Less cost or other basis and sales expenses

    other assets $29,308

  • 7c · Gain or loss

    other assets $28,801

  • 7d · Net gain or loss

    total $28,801 · excluded $28,801

  • 10a · Gross sales of inventory

    $2,398

  • 10b · Cost of goods sold

    $1,204

  • 10c · Net income from sales of inventory

    total $1,194 · excluded $1,194

  • 11a · Other revenue: PATRONAGE ALLOCATIONS

    total $320,473 · excluded $320,473

  • 11b · Other revenue: FORFEITED DISCOUNTS

    total $196,896 · excluded $196,896

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $76,155 · excluded $76,155

  • 11e · Other revenue, total

    $593,524

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $585,210

  • 6 · Compensation of disqualified persons

    total $6,900

  • 7 · Other salaries and wages

    total $6,630,545

  • 8 · Pension plan contributions

    total $1,188,265

  • 9 · Other employee benefits

    total $974,573

  • 10 · Payroll taxes

    total $533,305

  • 11b · Fees: legal

    total $44,212

  • 11c · Fees: accounting

    total $23,000

  • 11g · Fees: other

    total $104,696

  • 12 · Advertising and promotion

    total $43,243

  • 13 · Office expenses

    total $495,571

  • 20 · Interest

    total $3,322,714

  • 22 · Depreciation, depletion and amortization

    total $5,983,817

  • 23 · Insurance

    total $344,427

  • 24a · Other expenses: PURCHASED POWER

    total $121,560,884

  • 24b · Other expenses: OTHER TAXES

    total $1,474,220

  • 24c · Other expenses: MAINTENANCE - DISTRIBUTIO

    total $607,583

  • 24d · Other expenses: OPERATIONS

    total $404,209

  • 24e · All other expenses

    total $457,434

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,972,331 · end of year $694,910

  • 2 · Savings and temporary cash investments

    beginning of year $9,117,000

  • 4 · Accounts receivable

    beginning of year $12,045,258 · end of year $12,175,450

  • 8 · Inventories for sale or use

    beginning of year $2,202,618 · end of year $3,502,114

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,119,732 · end of year $6,962,243

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

    $210,810,892

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

    $78,870,457

  • 10c · Land, buildings and equipment, net

    beginning of year $109,963,515 · end of year $131,940,435

  • 12 · Investments: other securities

    beginning of year $13,521,969 · end of year $13,497,260

  • 15 · Other assets

    beginning of year $1,063,416 · end of year $1,056,548

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,906,793 · end of year $19,352,909

  • 23 · Secured mortgages and notes payable

    beginning of year $76,083,869 · end of year $79,390,931

  • 25 · Other liabilities

    beginning of year $2,562,265 · end of year $7,329,133

  • 31 · Retained earnings, endowment or other funds

    beginning of year $61,452,912 · end of year $63,755,987

Mission and programs · 2022

Mission

ELECTRIC DISTRIBUTION COOPERATIVE DELIVERING ELECTRICITY IN PARTS OF SIX INDIANA COUNTIES; WHITLEY, ALLEN, HUNTINGTON, WABASH, NOBLE AND KOSCIUSKO.

  • DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS

As filed on the 2022 return.

Listed in Part VII

  • Eric Jung

    PRESIDENT &

    Total calculated
    $432,360
    From this org
    $336,170
    From related orgs
    $0
    Other
    $96,190
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $336,170
    Bonus
    not reported
    Other
    not reported
    Deferred
    $63,562
    Nontaxable benefits
    $32,628
    Filer's total
    $432,360

  • Jaime Walker

    VP MEMBER SE

    Total calculated
    $207,238
    From this org
    $143,985
    From related orgs
    $0
    Other
    $63,253
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $143,985
    Bonus
    not reported
    Other
    not reported
    Deferred
    $29,290
    Nontaxable benefits
    $33,963
    Filer's total
    $207,238

  • James Eitsert

    VP DISTRIBUT

    Total calculated
    $231,230
    From this org
    $179,984
    From related orgs
    $0
    Other
    $51,246
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $179,984
    Bonus
    not reported
    Other
    not reported
    Deferred
    $35,138
    Nontaxable benefits
    $16,108
    Filer's total
    $231,230

  • Scott I Snyder

    LINE FOREMAN

    Total calculated
    $193,398
    From this org
    $145,413
    From related orgs
    $0
    Other
    $47,985
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $145,413
    Bonus
    not reported
    Other
    not reported
    Deferred
    $24,301
    Nontaxable benefits
    $23,684
    Filer's total
    $193,398

  • Audra Uher

    CFO

    Total calculated
    $220,462
    From this org
    $161,420
    From related orgs
    $0
    Other
    $59,042
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $161,420
    Bonus
    not reported
    Other
    not reported
    Deferred
    $30,699
    Nontaxable benefits
    $28,343
    Filer's total
    $220,462

  • Robert Higgins

    CHAIR

    Total calculated
    $21,200
    From this org
    $21,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.4

  • Douglas Schrader

    V. CHAIR

    Total calculated
    $16,800
    From this org
    $16,600
    From related orgs
    $200
    Other
    $0
    Hours/week
    2.6

  • Ingrid Tippmann Nicholson

    SECRETARY

    Total calculated
    $21,800
    From this org
    $21,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.7

  • Thomas Western

    TREASURER

    Total calculated
    $15,500
    From this org
    $15,300
    From related orgs
    $200
    Other
    $0
    Hours/week
    2.3

  • Joseph Kruyer

    BOARD MEMBER

    Total calculated
    $21,600
    From this org
    $21,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.4

  • Cathy Egolf

    BOARD MEMBER

    Total calculated
    $17,150
    From this org
    $17,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • Erik Linnemeier

    BOARD MEMBER

    Total calculated
    $16,400
    From this org
    $16,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1

  • Jeremy McClish

    BOARD MEMBER

    Total calculated
    $17,000
    From this org
    $17,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1

  • Gary Gorrell

    BOARD MEMBER

    Total calculated
    $5,800
    From this org
    $5,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.1

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 committee
  • 3 · Independent compensation consultant
  • 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.

Related corporations and trusts

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

  • CUSTOMER CHOICE SERVICES CORP

    C CORP · R.E. DEVEL · IN · 100% owned · share of income $90,750 · share of assets $534,945

Provenance

Return type
form_990
Tax year
2022
Filed
6 September 2023
IRS schema version
2022v5.0
Source object
202312579349302001

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.