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Nonprofiteer
← CLARK COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2023

Filed by CLARK COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$71,631,326
Total expenses
$66,089,510
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$68,902,950
Investment income
$72,809
Other revenue
$2,655,567
Total assets, end of year
$160,246,324
Total liabilities, end of year
$78,016,779
Net assets or fund balances, end of year
$82,229,545
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$66,089,510

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: SALES OF ELECTRICITY

    total $68,902,950 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $53,809 · unrelated business $0 · excluded $53,809

  • 7a · Gross sales of assets other than inventory

    other assets $19,000

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

    other assets $0

  • 7c · Gain or loss

    other assets $19,000

  • 7d · Net gain or loss

    total $19,000 · related or exempt $19,000 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $6,812

  • 10b · Cost of goods sold

    $8,178

  • 10c · Net income from sales of inventory

    total -$1,366 · excluded -$1,366

  • 11a · Other revenue: PATRONAGE REVENUE

    total $1,890,334 · related or exempt $1,890,334 · unrelated business $0 · excluded $0

  • 11b · Other revenue: POLE ATTACHMENT RENTALS

    total $324,964 · related or exempt $0 · unrelated business $0 · excluded $324,964

  • 11c · Other revenue: MISCELLANEOUS NON-OPERATING

    total $441,635 · related or exempt $441,635 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,656,933

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $853,571 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $4,595,479 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $42,291 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $13,950 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $178,139 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $7,332 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $163,711 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $763,042 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $157,195 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $2,578,507 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $5,238,273 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $113,063 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: PURCHASED POWER

    total $45,820,988 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: OPERATING EXPENSES

    total $1,064,853 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: MAINTENANCE EXPENSES

    total $3,122,528 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: CUSTOMER ACCOUNT EXPENSES

    total $669,078 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $707,510 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,470,212 · end of year $1,539,423

  • 4 · Accounts receivable

    beginning of year $10,609,820 · end of year $8,719,168

  • 8 · Inventories for sale or use

    beginning of year $752,509 · end of year $865,778

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,209,918 · end of year $1,376,562

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

    $154,758,219

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

    $36,664,987

  • 10c · Land, buildings and equipment, net

    beginning of year $115,130,399 · end of year $118,093,232

  • 13 · Investments: program-related

    beginning of year $28,882,791 · end of year $29,652,161

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,680,841 · end of year $9,225,144

  • 23 · Secured mortgages and notes payable

    beginning of year $65,677,930 · end of year $65,349,047

  • 25 · Other liabilities

    beginning of year $3,172,170 · end of year $3,442,588

  • 31 · Retained earnings, endowment or other funds

    beginning of year $79,524,708 · end of year $82,229,545

Mission and programs · 2023

Mission

TO EFFICIENTLY DELIVER SAFE, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS.

  • DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS.

    Expenses $66,089,510 · Revenue $71,631,326

As filed on the 2023 return.

Listed in Part VII

  • Paul A Graf

    PRESIDENT

    Total calculated
    $15,219
    From this org
    $15,219
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.29

  • John R Biesel

    VICE PRESIDENT

    Total calculated
    $15,045
    From this org
    $15,045
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.97

  • Jeffrey A Myers

    SECRETARY-TREASURER

    Total calculated
    $14,470
    From this org
    $14,470
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.35

  • Joseph W Basham

    DIRECTOR

    Total calculated
    $14,968
    From this org
    $14,968
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.54

  • Steven G Dieterlen

    DIRECTOR

    Total calculated
    $11,162
    From this org
    $11,162
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.15

  • James Gregory Hostettler

    DIRECTOR

    Total calculated
    $5,565
    From this org
    $5,565
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.75

  • Mark A Huber

    DIRECTOR

    Total calculated
    $14,609
    From this org
    $14,609
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.28

  • Amberley Kendall

    DIRECTOR

    Total calculated
    $2,105
    From this org
    $2,105
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.46

  • Jason Clemmons

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $362,224
    From this org
    $232,143
    From related orgs
    $0
    Other
    $130,081
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $221,468
    Bonus
    $0
    Other
    $10,675
    Deferred
    $103,062
    Nontaxable benefits
    $27,019
    Filer's total
    $362,224

  • Thera Desmond

    ADMIN. ASST./ASST. SECRETARY

    Total calculated
    $131,922
    From this org
    $97,211
    From related orgs
    $0
    Other
    $34,711
    Hours/week
    40

  • Jeremy R Miller

    MGR. OF FINANCE & ADMIN./ASST. TREASURER

    Total calculated
    $266,282
    From this org
    $185,762
    From related orgs
    $0
    Other
    $80,520
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $175,179
    Bonus
    $0
    Other
    $10,583
    Deferred
    $53,721
    Nontaxable benefits
    $26,799
    Filer's total
    $266,282

  • Nash Summers

    MGR. OF OPERATIONS & ENGINEERING

    Total calculated
    $200,709
    From this org
    $149,614
    From related orgs
    $0
    Other
    $51,095
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $132,319
    Bonus
    $0
    Other
    $17,295
    Deferred
    $24,455
    Nontaxable benefits
    $26,640
    Filer's total
    $200,709

  • Jerry Applegate

    WORKING FOREMAN

    Total calculated
    $196,041
    From this org
    $145,997
    From related orgs
    $0
    Other
    $50,044
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $142,881
    Bonus
    $0
    Other
    $3,116
    Deferred
    $23,455
    Nontaxable benefits
    $26,589
    Filer's total
    $196,041

  • Kevin Crouse Sr

    WORKING FOREMAN

    Total calculated
    $220,531
    From this org
    $145,193
    From related orgs
    $0
    Other
    $75,338
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $137,557
    Bonus
    $0
    Other
    $7,636
    Deferred
    $46,769
    Nontaxable benefits
    $28,569
    Filer's total
    $220,531

  • Kevin Kastensmidt

    MGR. OF INFORMATION TECHNOLOGY

    Total calculated
    $202,545
    From this org
    $144,516
    From related orgs
    $0
    Other
    $58,029
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,452
    Bonus
    $0
    Other
    $1,064
    Deferred
    $31,378
    Nontaxable benefits
    $26,651
    Filer's total
    $202,545

  • Christopher Woods

    WORKING FOREMAN

    Total calculated
    $191,175
    From this org
    $140,452
    From related orgs
    $0
    Other
    $50,723
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,259
    Bonus
    $0
    Other
    $3,193
    Deferred
    $24,318
    Nontaxable benefits
    $26,405
    Filer's total
    $191,175

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 · 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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2024
IRS schema version
2023v5.0
Source object
202401289349301130

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