Form 990 for tax year 2024
Filed by JASPER COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.
Totals
- Total revenue
- $36,265,813
- Total expenses
- $36,265,813
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $34,936,464
- Investment income
- $19,915
- Other revenue
- $1,309,434
- Total assets, end of year
- $70,557,135
- Total liabilities, end of year
- $36,404,021
- Net assets or fund balances, end of year
- $34,153,114
- 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 REVENUE
total $34,936,464 · related or exempt $34,936,464
-
3 · Investment income
total $19,915 · excluded $19,915
-
6a · Gross rents
personal property $96,684
-
6b · Less rental expenses
personal property $0
-
6c · Rental income or loss
personal property $96,684
-
6d · Net rental income or loss
total $96,684 · excluded $96,684
-
11a · Other revenue: PATRONAGE CAPITAL
total $1,212,750 · related or exempt $1,212,750
-
11e · Other revenue, total
$1,212,750
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $1,878,661
-
5 · Compensation of officers, directors and key employees
total $1,211,127
-
7 · Other salaries and wages
total $2,247,203
-
8 · Pension plan contributions
total $262,164
-
9 · Other employee benefits
total $399,515
-
10 · Payroll taxes
total $184,964
-
20 · Interest
total $1,209,305
-
22 · Depreciation, depletion and amortization
total $2,161,161
-
24a · Other expenses: COST OF POWER
total $23,886,630
-
24b · Other expenses: DISTRIBUTION EXPENSE
total $1,527,586
-
24c · Other expenses: ADMINISTRATIVE AND GENE
total $869,378
-
24d · Other expenses: CONSUMER ACCOUNTS
total $428,119
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,567,572 · end of year $693,659
-
4 · Accounts receivable
beginning of year $2,500,790 · end of year $3,822,535
-
8 · Inventories for sale or use
beginning of year $1,620,442 · end of year $1,569,090
-
9 · Prepaid expenses and deferred charges
beginning of year $1,105,306 · end of year $1,128,259
-
10a · Land, buildings and equipment: cost or other basis
$69,484,413
-
10b · Land, buildings and equipment: accumulated depreciation
$16,771,995
-
10c · Land, buildings and equipment, net
beginning of year $39,909,434 · end of year $52,712,418
-
13 · Investments: program-related
beginning of year $14,952,767 · end of year $10,631,174
-
17 · Accounts payable and accrued expenses
beginning of year $2,439,150 · end of year $3,624,590
-
23 · Secured mortgages and notes payable
beginning of year $24,750,406 · end of year $30,830,576
-
25 · Other liabilities
beginning of year $1,963,114 · end of year $1,948,855
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
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 $32,503,641 · end of year $34,153,114
Mission and programs · 2024
Mission
JASPER COUNTY REMC EXISTS TO PROVIDE RELIABLE ELECTRIC SERVICE TO ITS MEMBERS AND MEET THEIR COLLECTIVE ENERGY NEEDS. WE ARE COMMITTED TO MEMBER SATISFACTION, SERVICE EXCELLENCE AND BEING A RESPONSIBLE CITIZEN IN OUR COMMUNITY.
Activities or mission (Part I)
DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 8,700 MEMBERS ON A COOPERATIVE BASIS.
-
DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 8,700 MEMBERS ON A COOPERATIVE BASIS.
As filed on the 2024 return.
Listed in Part VII
-
Bart A NesiusBART A NESIUS
PRESIDENT
- Total calculated
- $29,842
- From this org
- $29,842
- From related orgs
- $0
- Other
- $0
- Hours/week
- 7.81
-
Dain A HayworthDAIN A HAYWORTH
VICE-PRESIDENT
- Total calculated
- $26,350
- From this org
- $26,350
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.36
-
Mark HurleyMARK HURLEY
SECRETARY/TREASURER
- Total calculated
- $27,700
- From this org
- $27,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5.21
-
Mark KingmaMARK KINGMA
DIRECTOR
- Total calculated
- $29,350
- From this org
- $29,350
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2.19
-
David R DuttlingerDAVID R DUTTLINGER
DIRECTOR
- Total calculated
- $31,750
- From this org
- $31,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 9.77
-
Kerry MillerKERRY MILLER
DIRECTOR
- Total calculated
- $26,950
- From this org
- $26,950
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.79
-
Joann McElfreshJOANN MCELFRESH
DIRECTOR
- Total calculated
- $27,850
- From this org
- $27,850
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6.21
-
Jonathon RichJONATHON RICH
CEO/GENERAL MANAGER
- Total calculated
- $235,834
- From this org
- $158,959
- From related orgs
- $0
- Other
- $76,875
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,959
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $76,875
- Filer's total
- $235,834
-
Kenneth GerhardtKENNETH GERHARDT
DIR. OF ENGINEERING & OPER
- Total calculated
- $175,968
- From this org
- $128,371
- From related orgs
- $0
- Other
- $47,597
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $128,371
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $47,597
- Filer's total
- $175,968
-
Michael WivoetMICHAEL WIVOET
JOURNEYMAN LINEMAN
- Total calculated
- $147,506
- From this org
- $124,798
- From related orgs
- $0
- Other
- $22,708
- Hours/week
- 44.91
-
David SkinnerDAVID SKINNER
JOURNEYMAN LINEMAN
- Total calculated
- $162,516
- From this org
- $123,983
- From related orgs
- $0
- Other
- $38,533
- Hours/week
- 44.84
Schedule J breakdown matched by us
- Base
- $123,983
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $38,533
- Filer's total
- $162,516
-
Chad WitheringtonCHAD WITHERINGTON
1ST CLASS LINEMAN
- Total calculated
- $148,912
- From this org
- $125,193
- From related orgs
- $0
- Other
- $23,719
- Hours/week
- 44.53
-
Justin NesiusJUSTIN NESIUS
JOURNEYMAN LINEMAN
- Total calculated
- $140,599
- From this org
- $118,760
- From related orgs
- $0
- Other
- $21,839
- Hours/week
- 43.71
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 7 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513179349306191
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