Civic Intelligence

Boone Remc

990 • Fiscal year 2021 • EIN 35-0188040

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 29, 2022

Organization ProfileWWW.BREMC.COM
PO Box 563Lebanon IN, IN 46052

(765) 482-2390

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.57x

Higher debt load relative to assets than 58% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

1.26x

Higher debt load relative to revenue than 39% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Net Margin

89th percentile

9.5%

Higher net margin than 89% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

80th percentile

$472,699

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets58th percentile

Assets

$132,784,446

No earlier filing loaded for comparison.

Net Assets

$57,077,233

No earlier filing loaded for comparison.

Liabilities

$75,707,213

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin89th percentile

Revenue

$60,230,638

No earlier filing loaded for comparison.

Expenses

$54,511,483

No earlier filing loaded for comparison.

Net Income

$5,719,155

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2021: $132,784,446Liabilities 2021: $75,707,213Net Assets 2021: $57,077,2332021Assets 2022: $159,678,788Liabilities 2022: $98,225,048Net Assets 2022: $61,453,7402022Assets 2023: $164,434,988Liabilities 2023: $89,261,499Net Assets 2023: $75,173,4892023Assets 2024: $176,258,272Liabilities 2024: $88,453,292Net Assets 2024: $87,804,9802024

Highlighted filing

2021

Assets$132,784,446
Liabilities$75,707,213
Net Assets$57,077,233
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80M$60M$40M$20M$0Revenue 2021: $60,230,638Expenses 2021: $54,511,483Net Income 2021: $5,719,1552021Revenue 2022: $63,135,395Expenses 2022: $58,558,112Net Income 2022: $4,577,2832022Revenue 2023: $69,061,714Expenses 2023: $58,966,356Net Income 2023: $10,095,3582023Revenue 2024: $76,545,941Expenses 2024: $63,759,730Net Income 2024: $12,786,2112024

Highlighted filing

2021

Revenue$60,230,638
Expenses$54,511,483
Net Income$5,719,155
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 29, 2022
Return Version
2021v4.2
Gross Receipts
$60,246,084
Mission and Program Overview

Mission

Providing energy-related services in a safe, dependable and reasonably priced manner, to rural areas

Providing energy-related services in a safe, dependable and reasonably priced manner, to rural areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$95,080,712$105,310,925▲ $10,230,213
Rtn Earn Endowment Incm Other Fnds$54,096,712$57,077,233▲ $2,980,521
Investments Program Related$13,536,423$15,225,777▲ $1,689,354
Accounts Receivable$2,127,070$3,330,637▲ $1,203,567
Inventories for Sale or Use$1,872,961$2,548,285▲ $675,324
Savings and Temporary Cash Investments$6,817,001$1,250,628▼ $5,566,373
Cash and Non-Interest-Bearing Accounts$4,092,581$1,030,698▼ $3,061,883
Prepaid Expenses and Deferred Charges$248,407$127,218▼ $121,189
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$127,350,207$132,784,446▲ $5,434,239
Other Assets Total$3,575,052$3,960,278▲ $385,226
Liabilities
Mortgage Notes Payable Secured by Investment Property$54,249,139$51,470,741▼ $2,778,398
Other Liabilities$9,417,958$11,358,432▲ $1,940,474
Unsecured Notes Loans Payable$3,625,000$6,650,000▲ $3,025,000
Accounts Payable and Accrued Expenses$5,961,398$6,228,040▲ $266,642
Total Liabilities$73,253,495$75,707,213▲ $2,453,718
Net Assets / Fund Balance
Total Net Assets Fund Balance$54,096,712$57,077,233▲ $2,980,521
Total Liabilities and Net Assets / Fund Balance$127,350,207$132,784,446▲ $5,434,239

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$72,622--
Buildings$3,416,697$1,940,558-
Land$455,758--
Equipment$101,438,470$24,524,821-
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William ConleyCEO/presidentFT$289,884$182,815$472,699
Jeffrey DickersonVP of OperationsFT$148,996$84,622$233,618
Pam WarmothExecutive Assistant & Hr CoordinatorFT$119,001$99,099$218,100
Jeanette JohnsonCFO/VP of Corporate ServicesFT$147,321$70,291$217,612
Robert HawkinsLine SuperintendentFT$115,587$64,437$180,024
Benjamin DukeAccounting SupervisorFT$113,557$65,675$179,232
Charles LeavittSystem EngineerFT$110,438$60,934$171,372
Noel KendallChairmanPT$21,360-$21,360
Thomas DullVice-chairman-$19,560-$19,560
Mark GruningerSecretary/treasurer-$19,560-$19,560
Jon StevensDirector-$18,360-$18,360
G Tom TaylorDirector-$16,990-$16,990
Danny LawsonDirector-$16,280-$16,280
Bruce GuernseyDirector-$14,760-$14,760
Alan CragunDirector-$14,330-$14,330
Mark StarkeyDirector-$14,160-$14,160

Highest Paid Contractors

ContractorServicesLocationCompensation
Electricom LLCContractor1660 WEST HOSPITAL ROAD, Paoli, IN 47454$3,415,004
Thermo Bond Buildings LLCMaterials1001 W MAIN ST, Elk Point, SD 57025$113,920
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$58,154,786
Investment Income
$14,719
Other Revenue
$2,061,133
Change in Net Assets
$5,719,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$60,230,639
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$60,230,639
Total Revenue per Form 990
$60,230,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,951,211
Salaries, Compensation, and Employee Benefits$2,560,272
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$4,327,339--$4,327,339
Interest$2,093,250--$2,093,250
Other Salaries and Wages$1,360,128--$1,360,128
Current Officers, Directors, Trustees, and Key Employees$1,200,144--$1,200,144
Other Expenses$1,151,071--$1,151,071
Fees for Services Legal$51,249--$51,249
Fees for Services Accounting$15,330--$15,330
Total Functional Expenses$54,511,483$0$0$54,511,483

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$54,511,482
Total Expenses per Audited Statements$54,511,482
Total Expenses per Form 990$54,511,482
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$2,000
Total Exempt Function Spending$2,000

Section 527 Organizations

OrganizationLocationAmount
35-1998087Indianapolis, IN$2,000
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-DirectorPurchased PowerNo$35,961,729
-DirectorDuesNo$177,300
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accum. Post-retirement Obligation$8,577,884
Member Deposits$2,617,140
Deferred Credit$163,408
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The remc is owned by its membership/customer base”

Form 990, Part VI, Section A, Line 7A

“The membership elects the board memebers”

Form 990, Part VI, Section A, Line 7B

“Certain decisions must be approved by the membership”

Form 990, Part VI, Section B, Line 11B

“The board reviews the 990 under direction from management”

Form 990, Part VI, Section B, Line 12C

“Conflicts of interest are discussed regularly at board meetings and documented with specifics.”

Form 990, Part VI, Section B, Line 15

“The ceo's compensation is determined by the board using comparability data obtained from independent consultants”

Form 990, Part VI, Section C, Line 19

“All information is made available upon request”

Filing and Contact Details

Filer

Filer Name
Boone Remc
EIN
35-0188040
Phone
7654822390
Address
PO BOX 563, LEBANON IN, IN 46052

Signing Officer

Name
Benjamin Duke
Title
Acting VP of Corporate Services/CFO
Phone
7654822390
Signed
2022-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Duke
Formed
1936
Legal Domicile
In
Voting Board Members
9
Independent Board Members
8
Employees
49
Volunteers
0

Preparer

Firm
Lwg Cpas & Advisors
Address
1776 N MERIDIAN ST STE 500, INDIANAPOLIS, IN 46202
Preparer
Brian D Cherry
Phone
3176344747
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Patonage capital refunded -158,364. Other comprehensive income -2,580,272.”

Financial Statement Notes

PART X, LINE 2:

“The remc beleives it is not taking any uncertain tax positions.”

Raw XML AppendixShowing 400 of 686 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt02093250
IRS990/InterestGrp/TotalAmt02093250
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01872961
IRS990/InventoriesForSaleOrUseGrp/EOYAmt02548285
IRS990/InvestmentIncomeGrp/ExclusionAmt025328
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt025328
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt013536423
IRS990/InvestmentsProgramRelatedGrp/EOYAmt015225777
IRS990/IRPDocumentCnt039
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt026465379
IRS990/LandBldgEquipBasisNetGrp/BOYAmt095080712
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0105310925
IRS990/LandBldgEquipCostOrOtherBssAmt0131776304
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt010609
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt058154786
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDING ENERGY-RELATED SERVICES IN A SAFE, DEPENDABLE AND REASONABLY PRICED MANNER, TO RURAL AREAS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt054249139
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt051470741
IRS990/NetAssetsOrFundBalancesBOYAmt054096712
IRS990/NetAssetsOrFundBalancesEOYAmt057077233
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-10609
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-10609
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01232
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01232
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03575052
IRS990/OtherAssetsTotalGrp/EOYAmt03960278
IRS990/OtherChangesInNetAssetsAmt0-2738636
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1GENERAL & ADMINISTRATIV
IRS990/OtherExpensesGrp/Desc2OPERATION AND MAINTENAN
IRS990/OtherExpensesGrp/Desc3TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt037383762
IRS990/OtherExpensesGrp/ProgramServicesAmt13938249
IRS990/OtherExpensesGrp/ProgramServicesAmt22990961
IRS990/OtherExpensesGrp/ProgramServicesAmt31151071
IRS990/OtherExpensesGrp/TotalAmt037383762
IRS990/OtherExpensesGrp/TotalAmt13938249
IRS990/OtherExpensesGrp/TotalAmt22990961
IRS990/OtherExpensesGrp/TotalAmt31151071
IRS990/OtherLiabilitiesGrp/BOYAmt09417958
IRS990/OtherLiabilitiesGrp/EOYAmt011358432
IRS990/OtherRevenueMiscGrp/BusinessCd0900001
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt02059901
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02059901
IRS990/OtherRevenueTotalAmt02059901
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01360128
IRS990/OtherSalariesAndWagesGrp/TotalAmt01360128
IRS990/OtherSourcesGrossIncomeAmt02075852
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0248407
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0127218
IRS990/PrincipalOfficerNm0BENJAMIN DUKE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0PROG.SERV.REVENUE-RELATED-990
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058154786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058154786
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0120181
IRS990/PYOtherExpensesAmt048076714
IRS990/PYOtherRevenueAmt01756713
IRS990/PYProgramServiceRevenueAmt052814968
IRS990/PYRevenuesLessExpensesAmt04083160
IRS990/PYSalariesCompEmpBnftPaidAmt02531988
IRS990/PYTotalExpensesAmt050608702
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt054691862
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt05719155
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt058154786
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt054096712
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt057077233
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06817001
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01250628
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/InternalFundsContributedAmt02000
IRS990ScheduleC/PoliticalExpendituresAmt02000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0351998087
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0INDIANA FORE
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt02000
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt08888 KEYSTONE CROSSING STE 1600
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd046204
IRS990ScheduleC/TotalExemptFunctionExpendAmt02000
IRS990ScheduleD/BuildingsGrp/BookValueAmt03416697
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01940558
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05357255
IRS990ScheduleD/EquipmentGrp/BookValueAmt0101438470
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024524821
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0125963291
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt054511482
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt012811836
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11052117
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2700684
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3144631
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4128117
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5122518
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6103632
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt789620
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt872622
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0WVPA
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1COBANK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3NISC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4UUS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5FEDERATED
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6ERMCO
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7IEC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc8ALL OTHER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd7C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd8C
IRS990ScheduleD/LandGrp/BookValueAmt0455758
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0455758
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08577884
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12617140
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2163408
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUM. POST-RETIREMENT OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MEMBER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED CREDIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt060230639
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE REMC BELEIVES IT IS NOT TAKING ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0105310925
IRS990ScheduleD/TotalBookValueProgramRltdAmt015225777
IRS990ScheduleD/TotalExpensesPerForm990Amt054511482
IRS990ScheduleD/TotalLiabilityAmt011358432
IRS990ScheduleD/TotalRevenuePerForm990Amt060230639
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt060230639

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$132,784,446
Liabilities
$75,707,213
Net assets
$57,077,233
Revenue
$60,230,638
Expenses
$54,511,483
Net income
$5,719,155
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$176$88.5$87.8$76.5$63.8$12.8
2023Detailed filing. Detailed filing data is available for this year.$164$89.3$75.2$69.1$59.0$10.1
2022Detailed filing. Detailed filing data is available for this year.$160$98.2$61.5$63.1$58.6$4.58
2021Detailed filing. Detailed filing data is available for this year.$133$75.7$57.1$60.2$54.5$5.72