Skip to content
Nonprofiteer
← CARROLL WHITE REMC

Form 990 for tax year 2024

Filed by CARROLL WHITE REMC.

Totals

Total revenue
$53,769,393
Total expenses
$53,769,393
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$51,477,424
Investment income
$176,971
Other revenue
$2,114,998
Total assets, end of year
$103,974,954
Total liabilities, end of year
$51,184,975
Net assets or fund balances, end of year
$52,789,979
Program services expenses (Part IX)
$53,769,393
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$53,769,393

Program services were 100.0% 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: SALE OF ELECTRICITY

    total $51,477,424 · related or exempt $51,477,424

  • 3 · Investment income

    total $151,041 · excluded $151,041

  • 6a · Gross rents

    real property $106,657

  • 6b · Less rental expenses

    real property $912

  • 6c · Rental income or loss

    real property $105,745

  • 6d · Net rental income or loss

    total $105,745 · related or exempt $99,287 · unrelated business $6,458

  • 7a · Gross sales of assets other than inventory

    other assets $25,930

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

    other assets $0

  • 7c · Gain or loss

    other assets $25,930

  • 7d · Net gain or loss

    total $25,930 · related or exempt $25,930

  • 10a · Gross sales of inventory

    $2,949

  • 10b · Cost of goods sold

    $2,251

  • 10c · Net income from sales of inventory

    total $698 · related or exempt $698

  • 11a · Other revenue: PATRONAGE REVENUE

    total $1,891,920 · excluded $1,891,920

  • 11b · Other revenue: OTHER INCOME

    total $73,214 · unrelated business $73,214

  • 11c · Other revenue: EQUITY IN SUBSIDIARY

    total $43,421 · unrelated business $43,421

  • 11e · Other revenue, total

    $2,008,555

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,384,258 · program services $2,384,258

  • 5 · Compensation of officers, directors and key employees

    total $542,267 · program services $542,267

  • 11b · Fees: legal

    total $48,017 · program services $48,017

  • 11c · Fees: accounting

    total $18,125 · program services $18,125

  • 11g · Fees: other

    total $100,061 · program services $100,061

  • 12 · Advertising and promotion

    total $271,974 · program services $271,974

  • 13 · Office expenses

    total $95,022 · program services $95,022

  • 14 · Information technology

    total $142,557 · program services $142,557

  • 20 · Interest

    total $1,590,105 · program services $1,590,105

  • 22 · Depreciation, depletion and amortization

    total $3,939,517 · program services $3,939,517

  • 24a · Other expenses: PURCHASED POWER

    total $35,674,265 · program services $35,674,265

  • 24b · Other expenses: MAINTENANCE

    total $3,176,193 · program services $3,176,193

  • 24c · Other expenses: OPERATIONS

    total $3,168,819 · program services $3,168,819

  • 24d · Other expenses: ADMINISTRATIVE

    total $1,569,729 · program services $1,569,729

  • 24e · All other expenses

    total $1,048,484 · program services $1,048,484

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,775,840 · end of year $1,187,941

  • 4 · Accounts receivable

    beginning of year $7,170,908 · end of year $7,168,210

  • 7 · Other notes and loans receivable

    beginning of year $2,310,492 · end of year $2,237,087

  • 8 · Inventories for sale or use

    beginning of year $2,212,985 · end of year $2,450,965

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,088,479 · end of year $4,518,364

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

    $113,452,996

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

    $39,139,631

  • 10c · Land, buildings and equipment, net

    beginning of year $60,588,445 · end of year $74,313,365

  • 12 · Investments: other securities

    beginning of year -$5,814,649 · end of year -$5,771,228

  • 13 · Investments: program-related

    beginning of year $16,280,296 · end of year $17,870,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,143,004 · end of year $5,293,939

  • 24 · Unsecured notes and loans payable

    beginning of year $31,260,452 · end of year $44,938,156

  • 25 · Other liabilities

    beginning of year $1,575,558 · end of year $952,880

  • 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 $50,633,782 · end of year $52,789,979

Mission and programs · 2024

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 $53,769,393 · Revenue $51,477,424

As filed on the 2024 return.

Listed in Part VII

  • Kent Zimpfer

    PRESIDENT

    Total calculated
    $10,840
    From this org
    $10,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.02

  • Margaret Foutch

    DIRECTOR

    Total calculated
    $8,868
    From this org
    $8,868
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.77

  • Ralph Zarse

    SECRETARY/TREASURER

    Total calculated
    $10,835
    From this org
    $10,835
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.27

  • Jeff Newell

    DIRECTOR

    Total calculated
    $12,807
    From this org
    $12,807
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.23

  • Tina Davis

    ASST SECRETARY/TREASURER

    Total calculated
    $13,150
    From this org
    $13,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.29

  • Aaron Anderson

    VICE PRESIDENT

    Total calculated
    $9,857
    From this org
    $9,857
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.75

  • Gary Gerlach

    DIRECTOR

    Total calculated
    $12,479
    From this org
    $12,479
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.1

  • Catherine Raderstorf

    CEO

    Total calculated
    $463,431
    From this org
    $273,692
    From related orgs
    $0
    Other
    $189,739
    Hours/week
    45.69

    Schedule J breakdown matched by us

    Base
    $267,974
    Bonus
    $0
    Other
    $5,718
    Deferred
    $173,251
    Nontaxable benefits
    $16,488
    Filer's total
    $463,431

  • Mark Jargstorf

    DIRECTOR OF OPERATIONS

    Total calculated
    $282,695
    From this org
    $147,350
    From related orgs
    $0
    Other
    $135,345
    Hours/week
    42.51

    Schedule J breakdown matched by us

    Base
    $144,305
    Bonus
    $0
    Other
    $3,045
    Deferred
    $108,455
    Nontaxable benefits
    $26,890
    Filer's total
    $282,695

  • Travis Albright

    DIRECTOR OF IT

    Total calculated
    $208,502
    From this org
    $142,642
    From related orgs
    $0
    Other
    $65,860
    Hours/week
    41.31

    Schedule J breakdown matched by us

    Base
    $141,938
    Bonus
    $0
    Other
    $704
    Deferred
    $36,454
    Nontaxable benefits
    $29,406
    Filer's total
    $208,502

  • Chuck Leavitt

    DIRECTOR OF ENGINEERING

    Total calculated
    $190,256
    From this org
    $138,835
    From related orgs
    $0
    Other
    $51,421
    Hours/week
    40.05

    Schedule J breakdown matched by us

    Base
    $135,890
    Bonus
    $0
    Other
    $2,945
    Deferred
    $23,054
    Nontaxable benefits
    $28,367
    Filer's total
    $190,256

  • Dylan Hart

    JOURNEYMAN LINEMAN

    Total calculated
    $160,330
    From this org
    $137,822
    From related orgs
    $0
    Other
    $22,508
    Hours/week
    47.5

    Schedule J breakdown matched by us

    Base
    $137,642
    Bonus
    $0
    Other
    $180
    Deferred
    $7,237
    Nontaxable benefits
    $15,271
    Filer's total
    $160,330

  • Franklin Leach

    JOURNEYMAN LINEMAN

    Total calculated
    $176,705
    From this org
    $137,128
    From related orgs
    $0
    Other
    $39,577
    Hours/week
    48.51

    Schedule J breakdown matched by us

    Base
    $136,881
    Bonus
    $0
    Other
    $247
    Deferred
    $10,002
    Nontaxable benefits
    $29,575
    Filer's total
    $176,705

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
2024
Filed
1 May 2025
IRS schema version
2024v5.1
Source object
202541349349300749

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.