Form 990 for tax year 2023
Filed by DECATUR COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION.
Totals
- Total revenue
- $41,155,386
- Total expenses
- $37,583,422
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $39,682,375
- Investment income
- $148,826
- Other revenue
- $1,324,185
- Total assets, end of year
- $63,584,001
- Total liabilities, end of year
- $23,875,597
- Net assets or fund balances, end of year
- $39,708,404
- 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: ELECTRIC REVENUE
total $39,682,375 · related or exempt $39,682,375
-
3 · Investment income
total $148,826 · related or exempt $79,753 · unrelated business $69,073
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $95,854
-
6c · Rental income or loss
real property $95,854
-
6d · Net rental income or loss
total $95,854 · excluded $95,854
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$10,064
-
10b · Cost of goods sold
$22,222
-
10c · Net income from sales of inventory
total -$12,158 · related or exempt -$12,158
-
11a · Other revenue: COMMISSIONS
total $3,332 · unrelated business $3,332
-
11b · Other revenue: HSI REVENUE
total $164,079 · related or exempt $164,079
-
11c · Other revenue: PATRONAGE CAPITAL
total $1,075,617 · related or exempt $1,075,617
-
11d · All other revenue
total -$2,539 · related or exempt -$2,714 · unrelated business $175
-
11e · Other revenue, total
$1,240,489
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $344,538
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,620,876
-
8 · Pension plan contributions
total $292,000
-
9 · Other employee benefits
total $759,676
-
10 · Payroll taxes
total $165,715
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $52,021
-
11c · Fees: accounting
total $16,930
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,289,132
-
12 · Advertising and promotion
total $140,044
-
13 · Office expenses
total $50,053
-
14 · Information technology
total $179,559
-
15 · Royalties
total $0
-
16 · Occupancy
total $286,319
-
17 · Travel
total $179,163
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $117,892
-
20 · Interest
total $817,565
-
21 · Payments to affiliates
total $96,351
-
22 · Depreciation, depletion and amortization
total $1,699,446
-
23 · Insurance
total $12,890
-
24a · Other expenses: PURCHASED POWER
total $28,897,289
-
24b · Other expenses: OPERATIONS/MAINTENANCE
total $284,405
-
24c · Other expenses: HSI EXPENSES
total $157,854
-
24d · Other expenses: BILLING/COLLECTIONS
total $90,596
-
24e · All other expenses
total $33,108
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $271,886 · end of year $587,558
-
2 · Savings and temporary cash investments
beginning of year $369,777 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $2,948,719 · end of year $2,583,782
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
beginning of year $677,169 · end of year $775,723
-
9 · Prepaid expenses and deferred charges
beginning of year $62,717 · end of year $67,216
-
10a · Land, buildings and equipment: cost or other basis
$59,404,916
-
10b · Land, buildings and equipment: accumulated depreciation
$17,905,801
-
10c · Land, buildings and equipment, net
beginning of year $39,002,850 · end of year $41,499,115
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $17,681,831 · end of year $18,070,607
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $4,802,786 · end of year $4,283,640
-
23 · Secured mortgages and notes payable
beginning of year $18,798,007 · end of year $19,430,085
-
25 · Other liabilities
beginning of year $159,308 · end of year $161,872
-
31 · Retained earnings, endowment or other funds
beginning of year $37,254,850 · end of year $39,708,404
Mission and programs · 2023
Mission
DISTRIBUTION OF ELECTRICITY TO COOPERATIVE MEMBERS IN DECATUR AND OTHER SURROUNDING COUNTIES.
-
DISTRIBUTION OF ELECTRICITY TO COOPERATIVE MEMBERS IN DECATUR AND OTHER SURROUNDING COUNTIES.
As filed on the 2023 return.
Listed in Part VII
-
Brett AbplanalpBRETT ABPLANALP
CEO
- Total calculated
- $247,513
- From this org
- $190,578
- From related orgs
- $0
- Other
- $56,935
- Hours/week
- 46
Schedule J breakdown matched by us
- Base
- $185,792
- Bonus
- not reported
- Other
- $4,786
- Deferred
- $22,128
- Nontaxable benefits
- $34,807
- Filer's total
- $247,513
-
Robert C HamiltonROBERT C HAMILTON
METERMAN
- Total calculated
- $164,153
- From this org
- $111,430
- From related orgs
- $0
- Other
- $52,723
- Hours/week
- 43
Schedule J breakdown matched by us
- Base
- $110,256
- Bonus
- $775
- Other
- $399
- Deferred
- $27,690
- Nontaxable benefits
- $25,033
- Filer's total
- $164,153
-
Matthew RaverMATTHEW RAVER
ACCOUNTING MANAGER
- Total calculated
- $160,777
- From this org
- $113,021
- From related orgs
- $0
- Other
- $47,756
- Hours/week
- 41
Schedule J breakdown matched by us
- Base
- $112,560
- Bonus
- $240
- Other
- $221
- Deferred
- $12,979
- Nontaxable benefits
- $34,777
- Filer's total
- $160,777
-
Jeff HallJEFF HALL
LEAD LINEMAN
- Total calculated
- $158,060
- From this org
- $113,975
- From related orgs
- $0
- Other
- $44,085
- Hours/week
- 43
Schedule J breakdown matched by us
- Base
- $113,032
- Bonus
- $532
- Other
- $411
- Deferred
- $21,592
- Nontaxable benefits
- $22,493
- Filer's total
- $158,060
-
Collin CrabtreeCOLLIN CRABTREE
LINEMAN
- Total calculated
- $153,686
- From this org
- $131,913
- From related orgs
- $0
- Other
- $21,773
- Hours/week
- 47
Schedule J breakdown matched by us
- Base
- $131,779
- Bonus
- not reported
- Other
- $134
- Deferred
- $8,431
- Nontaxable benefits
- $13,342
- Filer's total
- $153,686
-
Elson L DowneyELSON L DOWNEY
LINEMAN
- Total calculated
- $147,530
- From this org
- $112,886
- From related orgs
- $0
- Other
- $34,644
- Hours/week
- 44
-
Steve AmrheinSTEVE AMRHEIN
Chairman
- Total calculated
- $14,510
- From this org
- $14,510
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
Carl RiedemanCARL RIEDEMAN
Director
- Total calculated
- $13,410
- From this org
- $13,410
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Brian ScheidlerBRIAN SCHEIDLER
Secretary
- Total calculated
- $13,035
- From this org
- $13,035
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Clay NuhringCLAY NUHRING
Director
- Total calculated
- $12,785
- From this org
- $12,785
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Dale WernkeDALE WERNKE
Director
- Total calculated
- $12,660
- From this org
- $12,660
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Suzanne ParmerSUZANNE PARMER
Director
- Total calculated
- $12,410
- From this org
- $12,410
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Jason BarnhorstJASON BARNHORST
Director
- Total calculated
- $11,210
- From this org
- $11,210
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Steven NobbeSTEVEN NOBBE
Director
- Total calculated
- $7,005
- From this org
- $7,005
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
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 · 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.
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
HOMETOWN ENERGY LLC
UNRELATED · RETAIL SALES · IN · 50% owned · share of income $71,433 · share of assets $273,618
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431289349302953
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