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Nonprofiteer
← CARROLL WHITE REMC

Form 990 for tax year 2025

Filed by CARROLL WHITE REMC.

Totals

Total revenue
$57,716,012
Total expenses
$57,716,012
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$55,235,464
Investment income
$162,130
Other revenue
$2,318,418
Total assets, end of year
$115,922,279
Total liabilities, end of year
$61,188,534
Net assets or fund balances, end of year
$54,733,745
Program services expenses (Part IX)
$57,670,997
Management and general expenses
$45,015
Fundraising expenses
$0
Program service expenses (Part III)
$57,670,997

Program services were 99.9% 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: SALE OF ELECTRICITY

    total $55,235,464 · related or exempt $55,235,464

  • 3 · Investment income

    total $125,532 · excluded $125,532

  • 6a · Gross rents

    real property $386,779

  • 6b · Less rental expenses

    real property $23,658

  • 6c · Rental income or loss

    real property $363,121

  • 6d · Net rental income or loss

    total $363,121 · related or exempt $93,058 · unrelated business $270,063

  • 7a · Gross sales of assets other than inventory

    other assets $37,922

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

    other assets $1,324

  • 7c · Gain or loss

    other assets $36,598

  • 7d · Net gain or loss

    total $36,598 · excluded $36,598

  • 10a · Gross sales of inventory

    $3,751

  • 10b · Cost of goods sold

    $2,845

  • 10c · Net income from sales of inventory

    total $906 · related or exempt $906

  • 11a · Other revenue: PATRONAGE REVENUE

    total $1,885,522 · related or exempt $1,885,522

  • 11b · Other revenue: OTHER INCOME

    total $52,495 · unrelated business $52,495

  • 11c · Other revenue: EQUITY IN SUBSIDIARY

    total $16,374 · unrelated business $16,374

  • 11e · Other revenue, total

    $1,954,391

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,136,098 · program services $2,136,098

  • 5 · Compensation of officers, directors and key employees

    total $549,025 · program services $549,025

  • 11b · Fees: legal

    total $19,315 · management and general $19,315

  • 11c · Fees: accounting

    total $25,700 · management and general $25,700

  • 11g · Fees: other

    total $78,247 · program services $78,247

  • 12 · Advertising and promotion

    total $330,902 · program services $330,902

  • 13 · Office expenses

    total $119,567 · program services $119,567

  • 14 · Information technology

    total $160,967 · program services $160,967

  • 20 · Interest

    total $2,384,877 · program services $2,384,877

  • 22 · Depreciation, depletion and amortization

    total $4,860,565 · program services $4,860,565

  • 24a · Other expenses: PURCHASED POWER

    total $36,878,509 · program services $36,878,509

  • 24b · Other expenses: MAINTENANCE

    total $3,768,037 · program services $3,768,037

  • 24c · Other expenses: OPERATIONS

    total $3,658,708 · program services $3,658,708

  • 24d · Other expenses: ADMINISTRATIVE

    total $1,374,781 · program services $1,374,781

  • 24e · All other expenses

    total $1,370,714 · program services $1,370,714

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,187,941 · end of year $678,478

  • 4 · Accounts receivable

    beginning of year $7,168,210 · end of year $12,059,391

  • 7 · Other notes and loans receivable

    beginning of year $2,237,087 · end of year $2,129,807

  • 8 · Inventories for sale or use

    beginning of year $2,450,965 · end of year $2,146,356

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,518,364 · end of year $505,282

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

    $127,895,084

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

    $42,685,323

  • 10c · Land, buildings and equipment, net

    beginning of year $74,313,365 · end of year $85,209,761

  • 12 · Investments: other securities

    beginning of year -$5,771,228 · end of year -$5,754,854

  • 13 · Investments: program-related

    beginning of year $17,870,250 · end of year $18,948,058

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,293,939 · end of year $5,179,388

  • 24 · Unsecured notes and loans payable

    beginning of year $44,938,156 · end of year $55,562,285

  • 25 · Other liabilities

    beginning of year $952,880 · end of year $446,861

  • 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 $52,789,979 · end of year $54,733,745

Mission and programs · 2025

Mission

PROVIDE ELECTRICITY AND RELATED SERVICES TO OUR MEMBERS; CREATIVELY ENHANCING OUR COMMUNITY THROUGH SAFETY AND SERVICE.

  • PROVIDE ELECTRICITY AND RELATED SERVICES TO OUR MEMBERS; CREATIVELY ENHANCING OUR COMMUNITY THROUGH SAFETY AND SERVICE.

    Expenses $57,670,997 · Revenue $57,231,323

As filed on the 2025 return.

Listed in Part VII

  • Kent Zimpfer

    PRESIDENT

    Total calculated
    $8,914
    From this org
    $8,914
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.37

  • Margaret Foutch

    DIRECTOR (THRU 06/25)

    Total calculated
    $3,731
    From this org
    $3,731
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.58

  • Ralph Zarse

    SECRETARY/TREASURER

    Total calculated
    $9,921
    From this org
    $9,921
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.4

  • Jeff Newell

    DIRECTOR

    Total calculated
    $12,065
    From this org
    $12,065
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.34

  • Tina Davis

    ASST SECRETARY/TREASURER

    Total calculated
    $10,954
    From this org
    $10,954
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.73

  • Aaron Anderson

    VICE PRESIDENT

    Total calculated
    $8,463
    From this org
    $8,463
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.65

  • Gary Gerlach

    DIRECTOR

    Total calculated
    $10,264
    From this org
    $10,264
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.48

  • Martin Cotterman

    DIRECTOR (START 06/25)

    Total calculated
    $6,550
    From this org
    $6,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.71

  • Catherine Raderstorf

    CEO

    Total calculated
    $492,417
    From this org
    $280,052
    From related orgs
    $0
    Other
    $212,365
    Hours/week
    45.75

    Schedule J breakdown matched by us

    Base
    $274,120
    Bonus
    $0
    Other
    $5,932
    Deferred
    $194,375
    Nontaxable benefits
    $17,990
    Filer's total
    $492,417

  • Mark Jargstorf

    DIRECTOR OF OPERATIONS

    Total calculated
    $319,917
    From this org
    $158,538
    From related orgs
    $0
    Other
    $161,379
    Hours/week
    42.57

    Schedule J breakdown matched by us

    Base
    $155,218
    Bonus
    $0
    Other
    $3,320
    Deferred
    $133,589
    Nontaxable benefits
    $27,790
    Filer's total
    $319,917

  • Tyron Watson

    JOURNEYMAN LINEMAN

    Total calculated
    $182,676
    From this org
    $146,614
    From related orgs
    $0
    Other
    $36,062
    Hours/week
    48.31

    Schedule J breakdown matched by us

    Base
    $146,421
    Bonus
    $0
    Other
    $193
    Deferred
    $9,460
    Nontaxable benefits
    $26,602
    Filer's total
    $182,676

  • Chuck Leavitt

    DIRECTOR OF ENGINEERING

    Total calculated
    $202,222
    From this org
    $144,669
    From related orgs
    $0
    Other
    $57,553
    Hours/week
    40.1

    Schedule J breakdown matched by us

    Base
    $141,591
    Bonus
    $0
    Other
    $3,078
    Deferred
    $28,357
    Nontaxable benefits
    $29,196
    Filer's total
    $202,222

  • Dylan Hart

    JOURNEYMAN LINEMAN

    Total calculated
    $175,365
    From this org
    $149,721
    From related orgs
    $0
    Other
    $25,644
    Hours/week
    48.37

    Schedule J breakdown matched by us

    Base
    $149,528
    Bonus
    $0
    Other
    $193
    Deferred
    $9,941
    Nontaxable benefits
    $15,703
    Filer's total
    $175,365

  • Tyson Jones

    JOURNEYMAN LINEMAN

    Total calculated
    $177,022
    From this org
    $147,201
    From related orgs
    $0
    Other
    $29,821
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $146,912
    Bonus
    $0
    Other
    $289
    Deferred
    $15,368
    Nontaxable benefits
    $14,453
    Filer's total
    $177,022

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 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS USED AS A GUIDE FOR COMPENSATION OF THE CEO THE FOLLOWING SOURCES: NRECA COMPENSATION GUIDE, SALARIES OF SURROUNDING COOPS.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
29 July 2026
IRS schema version
2025v4.2
Source object
202632109349300038

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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