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Nonprofiteer
← CLARK COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2024

Filed by CLARK COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$74,547,968
Total expenses
$69,406,936
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$72,050,463
Investment income
$69,127
Other revenue
$2,428,378
Total assets, end of year
$165,310,986
Total liabilities, end of year
$80,769,917
Net assets or fund balances, end of year
$84,541,069
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$69,406,936

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 $72,050,463 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $54,856 · unrelated business $0 · excluded $54,856

  • 7a · Gross sales of assets other than inventory

    other assets $20,556

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

    other assets $6,285

  • 7c · Gain or loss

    other assets $14,271

  • 7d · Net gain or loss

    total $14,271 · related or exempt $14,271 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $7,915

  • 10b · Cost of goods sold

    $2,528

  • 10c · Net income from sales of inventory

    total $5,387 · excluded $5,387

  • 11a · Other revenue: PATRONAGE REVENUE

    total $1,713,129 · related or exempt $1,713,129 · unrelated business $0 · excluded $0

  • 11b · Other revenue: POLE ATTACHMENT RENTALS

    total $320,542 · related or exempt $0 · unrelated business $0 · excluded $320,542

  • 11c · Other revenue: MISCELLANEOUS NON-OPERATING

    total $389,320 · related or exempt $389,320 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,422,991

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $895,251 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $5,012,987 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $75,345 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $14,345 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $162,444 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $9,913 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $234,110 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $806,336 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $220,296 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $2,633,219 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $5,435,695 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $102,138 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: PURCHASED POWER

    total $48,061,275 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: OPERATING EXPENSES

    total $1,548,322 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: MAINTENANCE EXPENSES

    total $2,701,740 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: CUSTOMER ACCOUNT EXPENSES

    total $715,161 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $778,359 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,539,423 · end of year $1,755,968

  • 4 · Accounts receivable

    beginning of year $8,719,168 · end of year $8,999,244

  • 8 · Inventories for sale or use

    beginning of year $865,778 · end of year $2,053,168

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,376,562 · end of year $1,134,149

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

    $160,972,561

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

    $39,794,400

  • 10c · Land, buildings and equipment, net

    beginning of year $118,093,232 · end of year $121,178,161

  • 13 · Investments: program-related

    beginning of year $29,652,161 · end of year $30,190,296

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,225,144 · end of year $10,559,867

  • 23 · Secured mortgages and notes payable

    beginning of year $65,349,047 · end of year $67,216,813

  • 25 · Other liabilities

    beginning of year $3,442,588 · end of year $2,993,237

  • 31 · Retained earnings, endowment or other funds

    beginning of year $82,229,545 · end of year $84,541,069

Mission and programs · 2024

Mission

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

Activities or mission (Part I)

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

  • DISTRIBUTION OF ELECTRICITY TO RURAL CONSUMERS.

    Expenses $69,406,936 · Revenue $74,547,968

As filed on the 2024 return.

Listed in Part VII

  • Paul A Graf

    PRESIDENT/DIRECTOR

    Total calculated
    $15,573
    From this org
    $15,573
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.66

  • John R Biesel

    VICE PRESIDENT/PRESIDENT

    Total calculated
    $17,174
    From this org
    $17,174
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.29

  • Jeffrey A Myers

    SEC.-TREAS./VICE PRESIDENT

    Total calculated
    $14,644
    From this org
    $14,644
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.35

  • Joseph W Basham

    DIRECTOR/SECRETARY-TREASURER

    Total calculated
    $15,554
    From this org
    $15,554
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.38

  • Steven G Dieterlen

    DIRECTOR

    Total calculated
    $11,378
    From this org
    $11,378
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.31

  • James Gregory Hostettler

    DIRECTOR

    Total calculated
    $11,363
    From this org
    $11,363
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.96

  • Mark A Huber

    DIRECTOR

    Total calculated
    $15,930
    From this org
    $15,930
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.8

  • Jason Clemmons

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $378,965
    From this org
    $242,029
    From related orgs
    $0
    Other
    $136,936
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $230,150
    Bonus
    $0
    Other
    $11,879
    Deferred
    $109,595
    Nontaxable benefits
    $27,341
    Filer's total
    $378,965

  • Thera Desmond

    ADMIN. ASST./ASST. SECRETARY

    Total calculated
    $136,186
    From this org
    $100,764
    From related orgs
    $0
    Other
    $35,422
    Hours/week
    40

  • Jeremy R Miller

    MGR. OF FINANCE & ADMIN./ASST. TREASURER

    Total calculated
    $278,484
    From this org
    $193,962
    From related orgs
    $0
    Other
    $84,522
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $183,596
    Bonus
    $0
    Other
    $10,366
    Deferred
    $57,395
    Nontaxable benefits
    $27,127
    Filer's total
    $278,484

  • Nash Summers

    MGR. OF OPERATIONS & ENGINEERING

    Total calculated
    $229,529
    From this org
    $166,691
    From related orgs
    $0
    Other
    $62,838
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $147,117
    Bonus
    $0
    Other
    $19,574
    Deferred
    $35,713
    Nontaxable benefits
    $27,125
    Filer's total
    $229,529

  • Jerry Applegate

    WORKING FOREMAN

    Total calculated
    $204,048
    From this org
    $152,980
    From related orgs
    $0
    Other
    $51,068
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $150,226
    Bonus
    $0
    Other
    $2,754
    Deferred
    $24,174
    Nontaxable benefits
    $26,894
    Filer's total
    $204,048

  • Kevin Kastensmidt

    MGR. OF INFORMATION TECHNOLOGY

    Total calculated
    $210,658
    From this org
    $151,052
    From related orgs
    $0
    Other
    $59,606
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,798
    Bonus
    $0
    Other
    $1,254
    Deferred
    $32,634
    Nontaxable benefits
    $26,972
    Filer's total
    $210,658

  • Kevin Crouse Sr

    WORKING FOREMAN

    Total calculated
    $225,038
    From this org
    $146,506
    From related orgs
    $0
    Other
    $78,532
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $138,584
    Bonus
    $0
    Other
    $7,922
    Deferred
    $49,525
    Nontaxable benefits
    $29,007
    Filer's total
    $225,038

  • Wyatt Binkley

    JOURNEYMAN LINEMAN

    Total calculated
    $162,298
    From this org
    $143,154
    From related orgs
    $0
    Other
    $19,144
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $140,802
    Bonus
    $0
    Other
    $2,352
    Deferred
    $6,506
    Nontaxable benefits
    $12,638
    Filer's total
    $162,298

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
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202521299349301022

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