Civic Intelligence

Lagrange County Rural Electric Membership Corporation

990 • Fiscal year 2021 • EIN 35-0457973

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 26, 2022

Organization ProfileWWW.LAGRANGEREMC.COM
1995 E US Highway 20Lagrange, IN 46761

(260) 463-7165

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.50x

Higher debt load relative to assets than 52% of similar nonprofits.

2021 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

43rd percentile

1.29x

Higher debt load relative to revenue than 43% of similar nonprofits.

2021 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2021

Net Margin

49th percentile

1.7%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

34th percentile

$173,707

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2021 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2021

Asset Growth

98th percentile

36%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

47th percentile

1.5%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets52nd percentile

Assets

Up

$33,814,139

Up $8,949,628 (+36%) from 2020

Net Assets

Up

$16,903,386

Up $361,745 (+2.2%) from 2020

Liabilities

Up

$16,910,753

Up $8,587,883 (+103%) from 2020

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin49th percentile

Revenue

Up

$13,085,399

Up $192,094 (+1.5%) from 2020

Expenses

Up

$12,856,643

Up $98,882 (+0.8%) from 2020

Net Income

Up

$228,756

Up $93,212 (+69%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$60M$40M$20M$0Assets 2020: $24,864,511Liabilities 2020: $8,322,870Net Assets 2020: $16,541,6412020Assets 2021: $33,814,139Liabilities 2021: $16,910,753Net Assets 2021: $16,903,3862021Assets 2022: $50,097,597Liabilities 2022: $32,649,427Net Assets 2022: $17,448,1702022Assets 2023: $55,686,403Liabilities 2023: $38,407,824Net Assets 2023: $17,278,5792023Assets 2024: $59,565,197Liabilities 2024: $42,067,726Net Assets 2024: $17,497,4712024

Highlighted filing

2021

Assets$33,814,139
Liabilities$16,910,753
Net Assets$16,903,386
Open 2021 Filing

Operations Trend

Revenue Growth47th percentile

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2020: $12,893,305Expenses 2020: $12,757,761Net Income 2020: $135,5442020Revenue 2021: $13,085,399Expenses 2021: $12,856,643Net Income 2021: $228,7562021Revenue 2022: $14,349,360Expenses 2022: $14,088,193Net Income 2022: $261,1672022Revenue 2023: $16,020,061Expenses 2023: $16,347,367Net Income 2023: -$327,3062023Revenue 2024: $18,399,624Expenses 2024: $18,173,064Net Income 2024: $226,5602024

Highlighted filing

2021

Revenue$13,085,399
Expenses$12,856,643
Net Income$228,756
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 26, 2022
Return Version
2021v4.0
Gross Receipts
$13,085,399
Mission and Program Overview

Mission

As a member owned, non-profit service organization, our mission is to provide efficient and reliable electric service to our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,921,374$23,184,239▲ $6,262,865
Rtn Earn Endowment Incm Other Fnds$15,433,299$15,754,885▲ $321,586
Investments Other Securities$4,930,231$5,112,118▲ $181,887
Inventories for Sale or Use$279,276$3,217,327▲ $2,938,051
Pd in Cap Srpls Land Bldg Eqp Fund$1,108,342$1,148,501▲ $40,159
Cash and Non-Interest-Bearing Accounts$1,801,830$1,137,608▼ $664,222
Accounts Receivable$755,262$908,220▲ $152,958
Prepaid Expenses and Deferred Charges$65,743--
Investments Program Related$13,244$13,750▲ $506
Total Assets$24,864,511$33,814,139▲ $8,949,628
Other Assets Total$97,551$240,877▲ $143,326
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,234,011$8,615,430▲ $2,381,419
Deferred Revenue-$5,292,185-
Accounts Payable and Accrued Expenses$1,558,964$2,466,765▲ $907,801
Other Liabilities$529,895$536,373▲ $6,478
Total Liabilities$8,322,870$16,910,753▲ $8,587,883
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,541,641$16,903,386▲ $361,745
Total Liabilities and Net Assets / Fund Balance$24,864,511$33,814,139▲ $8,949,628

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,104,615$13,072,082$30,176,697
Buildings$5,731,807$1,233,688$6,965,495
Land$347,817-$347,817
Other Securities$76,791--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Mark LeuCEOFT$165,201$8,506$173,707
Randy TroyerTechnical SeFT$117,525-$117,525
Jeff BrillSecretary/tr-$14,475-$14,475
Roger DomerPresident-$14,100-$14,100
Tony BontragerDirector-$13,900-$13,900
Cliff HibbsDirector-$13,900-$13,900
C Shane RaslerDirector-$13,300-$13,300
Terry HolsingerVice Preside-$13,250-$13,250
Michael HuppenthalDirector-$3,100-$3,100
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,686,427
Investment Income
$28,798
Other Revenue
$370,174
Change in Net Assets
$228,756

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,085,399
Total Revenue per Audited Statements
$13,085,399
Total Revenue per Form 990
$13,085,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,780,862
Salaries, Compensation, and Employee Benefits$2,049,054
Grants and Similar Amounts Paid$5,266
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,179,113--$1,179,113
Depreciation Depletion$1,020,008--$1,020,008
All Other Expenses$500,496--$500,496
Interest$329,946--$329,946
Other Employee Benefits$287,399--$287,399
Other Expenses$271,697--$271,697
Current Officers, Directors, Trustees, and Key Employees$259,732--$259,732
Information Technology$234,815--$234,815
Pension Plan Contributions$224,640--$224,640
Office Expenses$111,907--$111,907
Fees for Services Other$108,066--$108,066
Insurance$101,128--$101,128
Payroll Taxes$95,870--$95,870
Fees for Services Legal$76,275--$76,275
Conferences and Meetings$27,373--$27,373
Benefits to Members$21,461--$21,461
Fees for Services Accounting$18,650--$18,650
Advertising$6,229--$6,229
Grants to Domestic Orgs$5,266--$5,266
Comp Disqual Persons$2,300--$2,300
Total Functional Expenses$12,856,643$0$0$12,856,643

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,856,643
Total Expenses per Audited Statements$12,856,643
Total Expenses per Form 990$12,856,643
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
Section 527 Activity Spending$2,000
Total Exempt Function Spending$2,000

Section 527 Organizations

OrganizationLocationAmount
35-1998087Indianapolis, IN$2,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Patronage Capital Payable$429,405
Compensated Absences$106,968
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 7A

“The remc's territory is divided up into districts and there is one board member that represents each district. The board is elected by the members of the remc.”

Form 990, Page 6, Part VI, Line 7B

“Decisions of the governing body are subject to the members' approval and are reviewed at the annual meeeting.”

Form 990, Page 6, Part VI, Line 11B

“The 990 is reviewed by the board at their monthly meeting prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“The board of directors as well as the officers review the conflict of interest policy and employees' relationships annually to verify there is not a breach of policy. The board completes and signs the statement of disclosure annually.”

Form 990, Page 6, Part VI, Line 15A

“Salaries are evaluated against the nreca national compensation survey to determine annual raises.”

Form 990, Page 6, Part VI, Line 15B

“Salaries are evaluated against the nreca national compensation survey to determine annual raises.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest policy, and financial statements are available upon request by members. They are all located at the remc headquarters.”

Filing and Contact Details

Filer

Filer Name
Lagrange County Rural Electric
EIN
35-0457973
Phone
2604637165
Address
1995 E US HIGHWAY 20, LAGRANGE, IN 46761

Signing Officer

Name
Mark Leu
Title
CEO
Phone
2604637165
Signed
2022-04-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Leu
Formed
1936
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
32

Preparer

Firm
Leonard J Andorfer & Co Llp
Address
110 W BERRY STREET STE 2202, FORT WAYNE, IN 46802-2311
Preparer
Mark J Andorfer CPA
Phone
2604239405
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Unrecognized net periodic post-retirement benefit 132,989”

Financial Statement Notes

Schedule D, Page 3, Part X

“The corporation is exempt from federal income tax under section 501(c)(12) of the internal revenue code. The corporation has adopted fasb asc 740-10-25, and determined no material unrecognized tax benefits or liabilities exist as of december 31, 2021. The adoption of fasb asc 740-10-25 did not impact the corporation's financial position or results of operations. If applicable, the corporation will recognize interest and penalties related to underpayment of income taxes as income tax expense. As of december 31, 2021, the corporation had no amounts related to unrecognized income tax benefits and no amounts related to accrued interest and penalties. The corporation does not anticipate any significant changes to unrecognized income tax benefits over the next year. The corporation is generally no longer subject to examination by federal and state agencies for years before 2018.”

Raw XML AppendixShowing 400 of 453 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01558964
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02466765
IRS990/AccountsReceivableGrp/BOYAmt0755262
IRS990/AccountsReceivableGrp/EOYAmt0908220
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0AS A MEMBER OWNED, NON-PROFIT SERVICE ORGANIZATION, OUR MISSION IS TO PROVIDE EFFICIENT AND RELIABLE ELECTRIC SERVICE TO OUR MEMBERS.
IRS990/AdvertisingGrp/ProgramServicesAmt06229
IRS990/AdvertisingGrp/TotalAmt06229
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0500496
IRS990/AllOtherExpensesGrp/TotalAmt0500496
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt021461
IRS990/BenefitsToMembersGrp/TotalAmt021461
IRS990/BooksInCareOfDetail/PersonNm0DAVID TRAYLOR
IRS990/BooksInCareOfDetail/PhoneNum02604637165
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01995 E US HIGHWAY 20
IRS990/BooksInCareOfDetail/USAddress/CityNm0LAGRANGE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046761
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01801830
IRS990/CashNonInterestBearingGrp/EOYAmt01137608
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0259732
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0259732
IRS990/CompDisqualPersonsGrp/ProgramServicesAmt02300
IRS990/CompDisqualPersonsGrp/TotalAmt02300
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt027373
IRS990/ConferencesMeetingsGrp/TotalAmt027373
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt021461
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt05266
IRS990/CYInvestmentIncomeAmt028798
IRS990/CYOtherExpensesAmt010780862
IRS990/CYOtherRevenueAmt0370174
IRS990/CYProgramServiceRevenueAmt012686427
IRS990/CYRevenuesLessExpensesAmt0228756
IRS990/CYSalariesCompEmpBnftPaidAmt02049054
IRS990/CYTotalExpensesAmt012856643
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt013085399
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt05292185
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01020008
IRS990/DepreciationDepletionGrp/TotalAmt01020008
IRS990/Desc0DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt032
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt018650
IRS990/FeesForServicesAccountingGrp/TotalAmt018650
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt076275
IRS990/FeesForServicesLegalGrp/TotalAmt076275
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0108066
IRS990/FeesForServicesOtherGrp/TotalAmt0108066
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.83
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13.26
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.74
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.72
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt43.55
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.60
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.39
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt840.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt78506
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0ROGER DOMER
IRS990/Form990PartVIISectionAGrp/PersonNm1TERRY HOLSINGER
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFF BRILL
IRS990/Form990PartVIISectionAGrp/PersonNm3TONY BONTRAGER
IRS990/Form990PartVIISectionAGrp/PersonNm4CLIFF HIBBS
IRS990/Form990PartVIISectionAGrp/PersonNm5C SHANE RASLER
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL HUPPENTHAL
IRS990/Form990PartVIISectionAGrp/PersonNm7MARK LEU
IRS990/Form990PartVIISectionAGrp/PersonNm8RANDY TROYER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt014100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt113250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt214475
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt313900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt413900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt513300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt63100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7165201
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt8117525
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8TECHNICAL SE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt06783
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt05266
IRS990/GrantsToDomesticOrgsGrp/TotalAmt05266
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt06783
IRS990/GrossReceiptsAmt013085399
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0234815
IRS990/InformationTechnologyGrp/TotalAmt0234815
IRS990/InsuranceGrp/ProgramServicesAmt0101128
IRS990/InsuranceGrp/TotalAmt0101128
IRS990/InterestGrp/ProgramServicesAmt0329946
IRS990/InterestGrp/TotalAmt0329946
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0279276
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03217327
IRS990/InvestmentIncomeGrp/ExclusionAmt022015
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt022015
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt04930231
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt05112118
IRS990/InvestmentsProgramRelatedGrp/BOYAmt013244
IRS990/InvestmentsProgramRelatedGrp/EOYAmt013750
IRS990/IRPDocumentCnt014
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt014305770
IRS990/LandBldgEquipBasisNetGrp/BOYAmt016921374
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023184239
IRS990/LandBldgEquipCostOrOtherBssAmt037490009
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt012686427
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0AS A MEMBER OWNED, NON-PROFIT SERVICE ORGANIZATION, OUR MISSION IS TO PROVIDE EFFICIENT AND RELIABLE ELECTRIC SERVICE TO OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06234011
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08615430
IRS990/NetAssetsOrFundBalancesBOYAmt016541641
IRS990/NetAssetsOrFundBalancesEOYAmt016903386
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt06783
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06783
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt0111907
IRS990/OfficeExpensesGrp/TotalAmt0111907
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt097551
IRS990/OtherAssetsTotalGrp/EOYAmt0240877
IRS990/OtherChangesInNetAssetsAmt0132989
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0287399
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0287399
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1OPERATIONS
IRS990/OtherExpensesGrp/Desc2MAINTENANCE DISTRIBUTION
IRS990/OtherExpensesGrp/Desc3ADMINISTRATIVE
IRS990/OtherExpensesGrp/ProgramServicesAmt07223847
IRS990/OtherExpensesGrp/ProgramServicesAmt1455850
IRS990/OtherExpensesGrp/ProgramServicesAmt2294575
IRS990/OtherExpensesGrp/ProgramServicesAmt3271697
IRS990/OtherExpensesGrp/TotalAmt07223847
IRS990/OtherExpensesGrp/TotalAmt1455850
IRS990/OtherExpensesGrp/TotalAmt2294575
IRS990/OtherExpensesGrp/TotalAmt3271697
IRS990/OtherLiabilitiesGrp/BOYAmt0529895
IRS990/OtherLiabilitiesGrp/EOYAmt0536373
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1900002
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE REVENUE
IRS990/OtherRevenueMiscGrp/Desc1RENT FROM ELECTRIC PROPER
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0273729
IRS990/OtherRevenueMiscGrp/ExclusionAmt192275
IRS990/OtherRevenueMiscGrp/ExclusionAmt24170
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0273729
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt192275
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt24170
IRS990/OtherRevenueTotalAmt0370174
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01179113
IRS990/OtherSalariesAndWagesGrp/TotalAmt01179113
IRS990/OtherSourcesGrossIncomeAmt0398972
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt095870
IRS990/PayrollTaxesGrp/TotalAmt095870
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt01108342
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt01148501
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0224640
IRS990/PensionPlanContributionsGrp/TotalAmt0224640
IRS990/PoliticalCampaignActyInd0true
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt065743
IRS990/PrincipalOfficerNm0MARK LEU
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0OPERATING REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt012686427
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt012686427
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt0480625
IRS990/PYGrantsAndSimilarPaidAmt06438
IRS990/PYInvestmentIncomeAmt018038
IRS990/PYOtherExpensesAmt010358443
IRS990/PYOtherRevenueAmt0509951
IRS990/PYProgramServiceRevenueAmt012365316
IRS990/PYRevenuesLessExpensesAmt0135544
IRS990/PYSalariesCompEmpBnftPaidAmt01912255
IRS990/PYTotalExpensesAmt012757761
IRS990/PYTotalRevenueAmt012893305
IRS990/ReconcilationRevenueExpnssAmt0228756
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt015433299
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt015754885
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Expended527ActivitiesAmt02000
IRS990ScheduleC/Form1120POLFiledInd0false
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/ZIPCd046240
IRS990ScheduleC/TotalExemptFunctionExpendAmt02000
IRS990ScheduleD/BuildingsGrp/BookValueAmt05731807
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01233688
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06965495
IRS990ScheduleD/EquipmentGrp/BookValueAmt017104615
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013072082
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt030176697
IRS990ScheduleD/ExpensesSubtotalAmt012856643
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0347817
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0347817
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0429405
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1106968
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PATRONAGE CAPITAL PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1COMPENSATED ABSENCES
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt03863429
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1456755
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2335340
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt3120815
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt491351
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt585224
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt682413
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt776791
IRS990ScheduleD/OtherSecuritiesGrp/Desc0WABASH VALLEY POWER ASSOC
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CAPITAL TERM AND LON CER
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PATRONAGE CAPITAL CERTIFI
IRS990ScheduleD/OtherSecuritiesGrp/Desc3FEDERATED INSURANCE
IRS990ScheduleD/OtherSecuritiesGrp/Desc4UNITED UTILITY SUPPLY PAT
IRS990ScheduleD/OtherSecuritiesGrp/Desc5SOUTHEASTERN DATA COOPERA
IRS990ScheduleD/OtherSecuritiesGrp/Desc6NRTC PATRONAGE
IRS990ScheduleD/OtherSecuritiesGrp/Desc7INDIANA STATE WIDE PATRONA
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7C
IRS990ScheduleD/RevenueSubtotalAmt013085399
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED FASB ASC 740-10-25, AND DETERMINED NO MATERIAL UNRECOGNIZED TAX BENEFITS OR LIABILITIES EXIST AS OF DECEMBER 31, 2021. THE ADOPTION OF FASB ASC 740-10-25 DID NOT IMPACT THE CORPORATION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. IF APPLICABLE, THE CORPORATION WILL RECOGNIZE INTEREST AND PENALTIES RELATED TO UNDERPAYMENT OF INCOME TAXES AS INCOME TAX EXPENSE. AS OF DECEMBER 31, 2021, THE CORPORATION HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE CORPORATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. THE CORPORATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY FEDERAL AND STATE AGENCIES FOR YEARS BEFORE 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt023184239
IRS990ScheduleD/TotalBookValueSecuritiesAmt05112118
IRS990ScheduleD/TotalExpensesPerForm990Amt012856643
IRS990ScheduleD/TotalLiabilityAmt0536373
IRS990ScheduleD/TotalRevenuePerForm990Amt013085399
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013085399
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012856643
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0165201
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt08506
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK LEU
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0173707
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE REMC'S TERRITORY IS DIVIDED UP INTO DISTRICTS AND THERE IS ONE BOARD MEMBER THAT REPRESENTS EACH DISTRICT. THE BOARD IS ELECTED BY THE MEMBERS OF THE REMC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO THE MEMBERS' APPROVAL AND ARE REVIEWED AT THE ANNUAL MEEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY THE BOARD AT THEIR MONTHLY MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS AS WELL AS THE OFFICERS REVIEW THE CONFLICT OF INTEREST POLICY AND EMPLOYEES' RELATIONSHIPS ANNUALLY TO VERIFY THERE IS NOT A BREACH OF POLICY. THE BOARD COMPLETES AND SIGNS THE STATEMENT OF DISCLOSURE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SALARIES ARE EVALUATED AGAINST THE NRECA NATIONAL COMPENSATION SURVEY TO DETERMINE ANNUAL RAISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SALARIES ARE EVALUATED AGAINST THE NRECA NATIONAL COMPENSATION SURVEY TO DETERMINE ANNUAL RAISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST BY MEMBERS. THEY ARE ALL LOCATED AT THE REMC HEADQUARTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UNRECOGNIZED NET PERIODIC POST-RETIREMENT BENEFIT 132,989
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt024864511
IRS990/TotalAssetsEOYAmt033814139
IRS990/TotalAssetsGrp/BOYAmt024864511
IRS990/TotalAssetsGrp/EOYAmt033814139
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt032
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt012856643
IRS990/TotalFunctionalExpensesGrp/TotalAmt012856643
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08322870
IRS990/TotalLiabilitiesEOYAmt016910753
IRS990/TotalLiabilitiesGrp/BOYAmt08322870

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$33,814,139
Liabilities
$16,910,753
Net assets
$16,903,386
Revenue
$13,085,399
Expenses
$12,856,643
Net income
$228,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.6$42.1$17.5$18.4$18.2$0.23
2023Detailed filing. Detailed filing data is available for this year.$55.7$38.4$17.3$16.0$16.3$0.33
2022Detailed filing. Detailed filing data is available for this year.$50.1$32.6$17.4$14.3$14.1$0.26
2021Detailed filing. Detailed filing data is available for this year.$33.8$16.9$16.9$13.1$12.9$0.23
2020Detailed filing. Detailed filing data is available for this year.$24.9$8.32$16.5$12.9$12.8$0.14