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Nonprofiteer
← JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2022

Filed by JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$22,874,315
Total expenses
$21,318,198
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$22,463,060
Investment income
$51,703
Other revenue
$359,552
Total assets, end of year
$33,581,529
Total liabilities, end of year
$4,281,037
Net assets or fund balances, end of year
$29,300,492
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: OPERATING REVENUE

    total $22,463,060 · related or exempt $22,463,060

  • 3 · Investment income

    total $51,703 · excluded $51,703

  • 11a · Other revenue: PATRONAGE CAPITAL

    total $352,137 · excluded $352,137

  • 11b · Other revenue: MISCELLANEOUS

    total $7,415 · related or exempt $7,415

  • 11e · Other revenue, total

    $359,552

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $302,425

  • 7 · Other salaries and wages

    total $801,596

  • 8 · Pension plan contributions

    total $179,545

  • 9 · Other employee benefits

    total $295,904

  • 10 · Payroll taxes

    total $84,223

  • 11b · Fees: legal

    total $24,854

  • 11c · Fees: accounting

    total $22,125

  • 11g · Fees: other

    total $59,071

  • 12 · Advertising and promotion

    total $31,841

  • 13 · Office expenses

    total $104,580

  • 14 · Information technology

    total $117,291

  • 16 · Occupancy

    total $28,355

  • 17 · Travel

    total $69,604

  • 20 · Interest

    total $128,954

  • 22 · Depreciation, depletion and amortization

    total $1,008,248

  • 23 · Insurance

    total $63,178

  • 24a · Other expenses: COST OF POWER

    total $15,652,531

  • 24b · Other expenses: OPERATIONS

    total $672,428

  • 24c · Other expenses: ADMINISTRATIVE

    total $599,423

  • 24d · Other expenses: MAINTENANCE

    total $449,791

  • 24e · All other expenses

    total $622,231

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,650,158 · end of year $2,822,668

  • 4 · Accounts receivable

    beginning of year $2,496,932 · end of year $2,000,698

  • 8 · Inventories for sale or use

    beginning of year $670,565 · end of year $871,868

  • 9 · Prepaid expenses and deferred charges

    beginning of year $198,624 · end of year $414,714

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

    $35,811,170

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

    $14,393,993

  • 10c · Land, buildings and equipment, net

    beginning of year $20,711,952 · end of year $21,417,177

  • 12 · Investments: other securities

    beginning of year $5,782,380 · end of year $6,054,404

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,336,992 · end of year $1,582,378

  • 23 · Secured mortgages and notes payable

    beginning of year $2,690,876 · end of year $2,295,603

  • 25 · Other liabilities

    beginning of year $313,759 · end of year $403,056

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $44,380 · end of year $38,446

  • 31 · Retained earnings, endowment or other funds

    beginning of year $28,124,604 · end of year $29,262,046

Mission and programs · 2022

Mission

THE MOST SIGNIFICANT ACTIVITY OF THE ELECTRIC COOPERATIVE IS THE DISTRIBUTION OF ELECTRICITY.

  • DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS

As filed on the 2022 return.

Listed in Part VII

  • Neil Draper

    CEO

    Total calculated
    $148,570
    From this org
    $143,166
    From related orgs
    $0
    Other
    $5,404
    Hours/week
    50

  • Kent Homan

    DIRECTOR

    Total calculated
    $25,604
    From this org
    $25,604
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.5

  • Klint Moser

    DIRECTOR

    Total calculated
    $24,272
    From this org
    $24,272
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.77

  • Ronald Smithson

    DIRECTOR

    Total calculated
    $20,919
    From this org
    $20,919
    From related orgs
    $0
    Other
    $0
    Hours/week
    17.23

  • Kenneth D Denton

    DIRECTOR

    Total calculated
    $20,073
    From this org
    $20,073
    From related orgs
    $0
    Other
    $0
    Hours/week
    11.79

  • Brian Addinton

    DIRECTOR

    Total calculated
    $12,536
    From this org
    $12,536
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.93

  • Steven Ritchie

    DIRECTOR

    Total calculated
    $11,444
    From this org
    $11,444
    From related orgs
    $0
    Other
    $0
    Hours/week
    13.29

  • Dru Hall

    DIRETOR

    Total calculated
    $10,314
    From this org
    $10,314
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.8

  • Michael Ninde

    DIRECTOR

    Total calculated
    $9,822
    From this org
    $9,822
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.48

  • Rick Dues

    DIRECTOR

    Total calculated
    $8,331
    From this org
    $8,331
    From related orgs
    $0
    Other
    $0
    Hours/week
    14.1

  • Diane Schrock

    SECRETARY

    Total calculated
    $7,333
    From this org
    $7,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.54

  • Thomas L Zimmerman

    CHAIRMAN

    Total calculated
    $3,207
    From this org
    $3,207
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.36

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
27 April 2023
IRS schema version
2022v5.0
Source object
202321359349313297

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