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← UTILITIES DISTRICT OF WESTERN IND RURAL ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2022

Filed by UTILITIES DISTRICT OF WESTERN IND RURAL ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$47,790,971
Total expenses
$47,790,971
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$46,546,662
Investment income
$175,956
Other revenue
$1,068,353
Total assets, end of year
$110,819,732
Total liabilities, end of year
$27,575,794
Net assets or fund balances, end of year
$83,243,938
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$47,790,971

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: ELECTRIC REVENUES

    total $46,546,662 · related or exempt $46,546,662

  • 3 · Investment income

    total $182,277 · excluded $182,277

  • 6a · Gross rents

    real property $131,301

  • 6c · Rental income or loss

    real property $131,301

  • 6d · Net rental income or loss

    total $131,301 · excluded $131,301

  • 7a · Gross sales of assets other than inventory

    other assets $25,000

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

    other assets $31,321

  • 7c · Gain or loss

    other assets -$6,321

  • 7d · Net gain or loss

    total -$6,321 · related or exempt -$6,321

  • 11a · Other revenue: PATRONAGE ALLOCATIONS

    total $1,009,488 · related or exempt $1,009,488

  • 11b · Other revenue: POST RETIREMENT BENEFIT GAIN

    total -$13,507 · related or exempt -$13,507

  • 11c · Other revenue: MISC REVENUES - UNRELATED

    total -$58,929 · unrelated business -$58,929

  • 11e · Other revenue, total

    $937,052

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,737,628

  • 5 · Compensation of officers, directors and key employees

    total $492,934

  • 7 · Other salaries and wages

    total $3,882,605

  • 8 · Pension plan contributions

    total $232,617

  • 20 · Interest

    total $1,385,169

  • 22 · Depreciation, depletion and amortization

    total $3,549,333

  • 24a · Other expenses: PURCHASED POWER

    total $29,069,718

  • 24b · Other expenses: ADMINISTRATIVE & GENERAL

    total $1,969,093

  • 24c · Other expenses: OPERATIONS EXPENSE

    total $1,886,280

  • 24d · Other expenses: MAINTENANCE EXPENSE

    total $1,269,905

  • 24e · All other expenses

    total $1,315,689

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,219,545 · end of year $842,236

  • 2 · Savings and temporary cash investments

    end of year $1,200,000

  • 4 · Accounts receivable

    beginning of year $4,631,696 · end of year $5,480,146

  • 7 · Other notes and loans receivable

    beginning of year $47,794 · end of year $10,000

  • 8 · Inventories for sale or use

    beginning of year $559,415 · end of year $997,016

  • 9 · Prepaid expenses and deferred charges

    beginning of year $488,070 · end of year $337,811

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

    $115,031,977

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

    $33,143,343

  • 10c · Land, buildings and equipment, net

    beginning of year $80,020,362 · end of year $81,888,634

  • 12 · Investments: other securities

    beginning of year $20,873,785 · end of year $20,063,889

  • 17 · Accounts payable and accrued expenses

    beginning of year -$1,362,803 · end of year $316,601

  • 23 · Secured mortgages and notes payable

    beginning of year $27,672,603 · end of year $26,128,867

  • 25 · Other liabilities

    beginning of year $1,360,866 · end of year $1,130,326

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

    beginning of year $394,171 · end of year $394,171

  • 31 · Retained earnings, endowment or other funds

    beginning of year $80,775,830 · end of year $82,849,767

Mission and programs · 2022

Mission

TO PROVIDE OUR MEMBERS WITH ELECRICITY AND QUALITY, EFFICIENT SERVICES, WHILE MAINTAINING A FINANCIALLY HEALTY AND RATE COMPETITIVE POSITION IN THE INDUSTRY THROUGH TEAMWORK, MUTUAL RESPECT AND AN ON-GOING COMMITMENT TO OUR MEMBERS.

Activities or mission (Part I)

DISTRIBUTION OF ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

  • DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 15,719 MEMBERS ON A COOPERATIVE BASIS.

    Expenses $47,790,971 · Revenue $47,790,971

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Douglas Childs

    CEO

    Total calculated
    $256,537
    From this org
    $184,215
    From related orgs
    $0
    Other
    $72,322
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,215
    Bonus
    not reported
    Other
    not reported
    Deferred
    $48,992
    Nontaxable benefits
    $23,330
    Filer's total
    $256,537

  • William S Smith

    COO

    Total calculated
    $204,040
    From this org
    $153,135
    From related orgs
    $0
    Other
    $50,905
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,135
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,847
    Nontaxable benefits
    $19,058
    Filer's total
    $204,040

  • Philip R Egenolf

    LINEMAN

    Total calculated
    $170,026
    From this org
    $131,887
    From related orgs
    $0
    Other
    $38,139
    Hours/week
    50.99

    Schedule J breakdown matched by us

    Base
    $131,887
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,525
    Nontaxable benefits
    $23,614
    Filer's total
    $170,026

  • Cody A English

    LINEMAN

    Total calculated
    $166,422
    From this org
    $128,986
    From related orgs
    $0
    Other
    $37,436
    Hours/week
    49.54

    Schedule J breakdown matched by us

    Base
    $128,986
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,822
    Nontaxable benefits
    $23,614
    Filer's total
    $166,422

  • Tom W Sparks

    LINEMAN

    Total calculated
    $166,143
    From this org
    $115,660
    From related orgs
    $0
    Other
    $50,483
    Hours/week
    45.76

    Schedule J breakdown matched by us

    Base
    $115,660
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,398
    Nontaxable benefits
    $17,085
    Filer's total
    $166,143

  • Kolby J Hutton

    LINEMAN

    Total calculated
    $163,979
    From this org
    $125,451
    From related orgs
    $0
    Other
    $38,528
    Hours/week
    48.77

    Schedule J breakdown matched by us

    Base
    $125,451
    Bonus
    not reported
    Other
    not reported
    Deferred
    $14,914
    Nontaxable benefits
    $23,614
    Filer's total
    $163,979

  • Stephen W Campbell

    LINEMAN

    Total calculated
    $163,917
    From this org
    $116,808
    From related orgs
    $0
    Other
    $47,109
    Hours/week
    45.16

    Schedule J breakdown matched by us

    Base
    $116,808
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,495
    Nontaxable benefits
    $23,614
    Filer's total
    $163,917

  • Michael W Sullivan

    CFO

    Total calculated
    $135,539
    From this org
    $94,753
    From related orgs
    $0
    Other
    $40,786
    Hours/week
    40

  • David L Burger

    PRESIDENT

    Total calculated
    $9,455
    From this org
    $9,455
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • Warren Edward Cullison

    VICE PRESIDE

    Total calculated
    $7,780
    From this org
    $7,780
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Sophie L Weathers Haywood

    SECRETARY

    Total calculated
    $7,780
    From this org
    $7,780
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Michael E Williams

    TREASURER

    Total calculated
    $7,696
    From this org
    $7,696
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • John R Royal

    DIRECTOR

    Total calculated
    $7,605
    From this org
    $7,605
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Shawn Dugan

    DIRECTOR

    Total calculated
    $7,430
    From this org
    $7,430
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Dax Collins

    DIRECTOR

    Total calculated
    $6,655
    From this org
    $6,655
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Todd Carpenter

    DIRECTOR

    Total calculated
    $6,430
    From this org
    $6,430
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

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

None.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HOOSIER HERITAGE MANAGEMENT LLC

    TREE TRIM · IN · income $1,390,517 · assets $685,640

    Directly controlled by UDWI

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343179349301804

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