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Nonprofiteer
← NEWTON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2025

Filed by NEWTON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$7,458,831
Total expenses
$7,091,262
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,153,921
Investment income
$5,343
Other revenue
$299,567
Total assets, end of year
$13,326,913
Total liabilities, end of year
$4,726,005
Net assets or fund balances, end of year
$8,600,908
Program services expenses (Part IX)
$7,051,393
Management and general expenses
$39,869
Fundraising expenses
$0
Program service expenses (Part III)
$7,051,393

Program services were 99.4% 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: ELECTRIC SALES

    total $7,153,921 · related or exempt $7,153,921

  • 3 · Investment income

    total $5,343 · excluded $5,343

  • 11a · Other revenue: PATRONAGE REVENUE

    total $299,567 · related or exempt $299,567

  • 11e · Other revenue, total

    $299,567

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $208,294 · program services $208,294

  • 7 · Other salaries and wages

    total $60,877 · program services $60,877

  • 8 · Pension plan contributions

    total $3,600 · program services $3,600

  • 11b · Fees: legal

    total $20,869 · management and general $20,869

  • 11c · Fees: accounting

    total $19,000 · management and general $19,000

  • 12 · Advertising and promotion

    total $3,715 · program services $3,715

  • 13 · Office expenses

    total $47,066 · program services $47,066

  • 20 · Interest

    total $165,556 · program services $165,556

  • 22 · Depreciation, depletion and amortization

    total $376,309 · program services $376,309

  • 24a · Other expenses: PURCHASED POWER

    total $5,076,403 · program services $5,076,403

  • 24b · Other expenses: OPERATIONS & MAINTENANC

    total $758,921 · program services $758,921

  • 24c · Other expenses: GENERAL & ADMINISTRATIV

    total $197,957 · program services $197,957

  • 24d · Other expenses: CONSUMER SERVICE

    total $152,097 · program services $152,097

  • 24e · All other expenses

    total $598 · program services $598

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,092 · end of year $358,500

  • 4 · Accounts receivable

    beginning of year $705,814 · end of year $639,631

  • 8 · Inventories for sale or use

    beginning of year $308,667 · end of year $412,233

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,801 · end of year $5,121

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

    $13,326,161

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

    $3,802,915

  • 10c · Land, buildings and equipment, net

    beginning of year $9,280,658 · end of year $9,523,246

  • 12 · Investments: other securities

    beginning of year $2,177,262 · end of year $2,388,182

  • 17 · Accounts payable and accrued expenses

    beginning of year $730,775 · end of year $606,473

  • 23 · Secured mortgages and notes payable

    beginning of year $3,510,873 · end of year $4,111,842

  • 25 · Other liabilities

    beginning of year $7,640 · end of year $7,690

  • 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 $8,263,006 · end of year $8,600,908

Mission and programs · 2025

Mission

TO PROVIDE ELECTRICITY TO ITS MEMBERS/CUSTOMERS.

Activities or mission (Part I)

THE SALE AND DISTRIBUTION OF ELECTRICITY.

  • THE SALE AND DISTRIBUTION OF ELECTRICITY.

    Expenses $7,051,393 · Revenue $7,453,488

As filed on the 2025 return.

Listed in Part VII

  • Brian C Johnson

    PRESIDENT

    Total calculated
    $6,300
    From this org
    $6,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.92

  • H Michael Cooley

    VICE PRESIDENT

    Total calculated
    $5,450
    From this org
    $5,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.88

  • Mark Jefvert

    SECRETARY/TREASURER

    Total calculated
    $6,300
    From this org
    $6,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.04

  • Brent Creek

    DIRECTOR

    Total calculated
    $7,050
    From this org
    $7,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.9

  • Rick Risley

    DIRECTOR

    Total calculated
    $6,300
    From this org
    $6,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.77

  • Kevin J Durham

    DIRECTOR

    Total calculated
    $5,450
    From this org
    $5,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.15

  • Ronald E Summers

    DIRECTOR

    Total calculated
    $5,450
    From this org
    $5,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.92

  • Brent Welsh

    GENERAL MANAGER

    Total calculated
    $165,994
    From this org
    $125,715
    From related orgs
    $0
    Other
    $40,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,715
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $40,279
    Filer's total
    $165,994

  • Troy Burton

    LINE FOREMAN

    Total calculated
    $167,443
    From this org
    $119,422
    From related orgs
    $0
    Other
    $48,021
    Hours/week
    41.66

    Schedule J breakdown matched by us

    Base
    $119,422
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $48,021
    Filer's total
    $167,443

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
2025
Filed
13 May 2026
IRS schema version
2025v4.1
Source object
202601339349306355

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