Skip to content
Nonprofiteer
← MARSHALL COUNTY RURAL ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2025

Filed by MARSHALL COUNTY RURAL ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$19,882,792
Total expenses
$17,163,215
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,034,503
Investment income
$39,648
Other revenue
$808,641
Total assets, end of year
$69,795,122
Total liabilities, end of year
$31,146,377
Net assets or fund balances, end of year
$38,648,745
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$17,163,215

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 $19,034,503 · related or exempt $19,034,503

  • 3 · Investment income

    total $39,648 · excluded $39,648

  • 6a · Gross rents

    real property $205,780

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $205,780

  • 6d · Net rental income or loss

    total $205,780 · related or exempt $205,780

  • 10a · Gross sales of inventory

    $19,932

  • 10b · Cost of goods sold

    $18,186

  • 10c · Net income from sales of inventory

    total $1,746 · related or exempt $1,746

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $601,115 · excluded $601,115

  • 11e · Other revenue, total

    $601,115

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $982,992

  • 20 · Interest

    total $1,000,381

  • 22 · Depreciation, depletion and amortization

    total $1,474,365

  • 24a · Other expenses: PURCHASED POWER

    total $9,856,694

  • 24b · Other expenses: OPERATIONS & MAINTENANC

    total $2,521,212

  • 24c · Other expenses: GENERAL & ADMINISTRATIV

    total $711,370

  • 24d · Other expenses: CUSTOMER SERVICE

    total $615,781

  • 24e · All other expenses

    total $420

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $598,487 · end of year $712,765

  • 2 · Savings and temporary cash investments

    beginning of year $488,854 · end of year $1,760,332

  • 4 · Accounts receivable

    beginning of year $1,735,291 · end of year $1,837,296

  • 8 · Inventories for sale or use

    beginning of year $1,095,386 · end of year $1,043,135

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,277,742 · end of year $1,078,777

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

    $55,493,886

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

    $6,458,273

  • 10c · Land, buildings and equipment, net

    beginning of year $47,560,070 · end of year $49,035,613

  • 15 · Other assets

    beginning of year $13,973,665 · end of year $14,327,204

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,956,165 · end of year $1,594,944

  • 23 · Secured mortgages and notes payable

    beginning of year $28,663,516 · end of year $29,547,230

  • 25 · Other liabilities

    beginning of year $4,223 · end of year $4,203

  • 29 · Capital stock, trust principal or current funds

    beginning of year $111,499 · end of year $96,814

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

    beginning of year $109,531 · end of year $109,541

  • 31 · Retained earnings, endowment or other funds

    beginning of year $35,884,561 · end of year $38,442,390

Mission and programs · 2025

Mission

THE PURPOSE OF MARSHALL COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION IS TO DISTRIBUTE ELECTRIC ENERGY TGITS MEMBERS AT THE LOWEST COST CONSISTENT WUTH SOUND ECONOMLC MANAGEMENT.

Activities or mission (Part I)

THE PURPOSE OF MARSHALL COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION IS TO DISTRIBUTE ELECTRIC ENERGY TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMIC MANAGEMENT.

  • DISTRIBUTION OF ELECTRICITY ON A COOPERATIVE BASIS.

    Expenses $17,163,215 · Revenue $19,882,792

As filed on the 2025 return.

Listed in Part VII

  • Dave Lewallen

    PRESIDENT/CEO

    Total calculated
    $212,099
    From this org
    $153,998
    From related orgs
    $0
    Other
    $58,101
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,000
    Bonus
    $0
    Other
    $6,998
    Deferred
    $0
    Nontaxable benefits
    $58,101
    Filer's total
    $212,099

  • Jon Rettinger

    DIRECTOR

    Total calculated
    $28,402
    From this org
    $15,652
    From related orgs
    $12,750
    Other
    $0
    Hours/week
    6 + 7 related

  • Dr Richard Leeper

    DIRECTOR

    Total calculated
    $27,962
    From this org
    $15,862
    From related orgs
    $12,100
    Other
    $0
    Hours/week
    6 + 8 related

  • Melinda Overmyer

    DIRECTOR

    Total calculated
    $15,297
    From this org
    $15,297
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Robin Roberts

    DIRECTOR

    Total calculated
    $15,101
    From this org
    $15,101
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Mikel Large

    DIRECTOR - CHAIRMAN

    Total calculated
    $15,084
    From this org
    $15,084
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Andy Lemier

    DIRECTOR - VICE CHAIRMAN

    Total calculated
    $15,067
    From this org
    $15,067
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ryan Seiber

    DIRECTOR - SECRETARY/TREASURER

    Total calculated
    $14,700
    From this org
    $14,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Travis W Bryant

    DIRECTOR OF FINANCE & ACCOUNTING

    Total calculated
    $17,245
    From this org
    $14,667
    From related orgs
    $0
    Other
    $2,578
    Hours/week
    40

  • Christopher Lawler

    LINEMAN

    Total calculated
    $203,599
    From this org
    $150,970
    From related orgs
    $0
    Other
    $52,629
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,545
    Bonus
    $0
    Other
    $425
    Deferred
    $0
    Nontaxable benefits
    $52,629
    Filer's total
    $203,599

  • Christopher Ennis

    LINEMAN

    Total calculated
    $193,889
    From this org
    $141,160
    From related orgs
    $0
    Other
    $52,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,687
    Bonus
    $0
    Other
    $473
    Deferred
    $0
    Nontaxable benefits
    $52,729
    Filer's total
    $193,889

  • Josh Vanvactor

    LINEMAN

    Total calculated
    $193,169
    From this org
    $140,440
    From related orgs
    $0
    Other
    $52,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,967
    Bonus
    $0
    Other
    $473
    Deferred
    $0
    Nontaxable benefits
    $52,729
    Filer's total
    $193,169

  • Tod Brems

    OPEARTION MANAGER

    Total calculated
    $190,731
    From this org
    $136,041
    From related orgs
    $0
    Other
    $54,690
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,389
    Bonus
    $0
    Other
    $4,652
    Deferred
    $0
    Nontaxable benefits
    $54,690
    Filer's total
    $190,731

  • John Yates

    LINEMAN

    Total calculated
    $191,682
    From this org
    $138,953
    From related orgs
    $0
    Other
    $52,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,920
    Bonus
    $0
    Other
    $2,033
    Deferred
    $0
    Nontaxable benefits
    $52,729
    Filer's total
    $191,682

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 · Written employment contract
  • 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.

  • MARSHALL COUNTY RURAL DEVELOPMENT CORPORATIOR

    C · IN · 100% owned · share of income -$98,800 · share of assets $8,183,351

Provenance

Return type
form_990
Tax year
2025
Filed
14 May 2026
IRS schema version
2025v4.1
Source object
202611349349307981

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.