Civic Intelligence

Northeastern Rural Electric Membership Corporation

990 • Fiscal year 2020 • EIN 35-0756490

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 22, 2021

Organization ProfileWWW.NREMC.COM
4901 East Park 30 DriveColumbia City, IN 46725

(888) 413-6111

Siviq Scores

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

Liabilities / Assets

39th percentile

0.51x

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

2020 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

8th percentile

0.56x

Higher debt load relative to revenue than 8% of similar nonprofits.

2020 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2020

Net Margin

72nd percentile

2.8%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

56th percentile

$351,566

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2020 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets39th percentile

Assets

$119,469,437

No earlier filing loaded for comparison.

Net Assets

$58,809,276

No earlier filing loaded for comparison.

Liabilities

$60,660,161

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin72nd percentile

Revenue

$107,730,098

No earlier filing loaded for comparison.

Expenses

$104,701,085

No earlier filing loaded for comparison.

Net Income

$3,029,013

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 2020: $119,469,437Liabilities 2020: $60,660,161Net Assets 2020: $58,809,2762020Assets 2021: $154,005,839Liabilities 2021: $92,552,927Net Assets 2021: $61,452,9122021Assets 2022: $169,828,960Liabilities 2022: $106,072,973Net Assets 2022: $63,755,9872022Assets 2023: $181,557,259Liabilities 2023: $114,571,365Net Assets 2023: $66,985,8942023Assets 2024: $197,488,212Liabilities 2024: $127,270,746Net Assets 2024: $70,217,4662024

Highlighted filing

2020

Assets$119,469,437
Liabilities$60,660,161
Net Assets$58,809,276
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$150M$100M$50M$0Revenue 2020: $107,730,098Expenses 2020: $104,701,085Net Income 2020: $3,029,0132020Revenue 2021: $126,158,719Expenses 2021: $121,872,577Net Income 2021: $4,286,1422021Revenue 2022: $148,636,885Expenses 2022: $144,784,808Net Income 2022: $3,852,0772022Revenue 2023: $122,357,885Expenses 2023: $118,061,718Net Income 2023: $4,296,1672023Revenue 2024: $132,182,439Expenses 2024: $132,165,700Net Income 2024: $16,7392024

Highlighted filing

2020

Revenue$107,730,098
Expenses$104,701,085
Net Income$3,029,013
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 22, 2021
Return Version
2020v4.0
Gross Receipts
$107,754,473
Mission and Program Overview

Mission

Electric distribution cooperative delivering electricity in parts of six indiana counties; whitley, allen, huntington, wabash, noble and kosciusko.

Electric distribution cooperative delivering electricty in parts of six indiana counties; whitley, allen, huntington, wabash, noble and kosciusko.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$82,295,339$85,382,109▲ $3,086,770
Rtn Earn Endowment Incm Other Fnds$57,373,075$58,809,276▲ $1,436,201
Investments Other Securities$13,838,742$13,529,115▼ $309,627
Accounts Receivable$10,551,375$11,174,810▲ $623,435
Prepaid Expenses and Deferred Charges$5,394,656$4,985,230▼ $409,426
Cash and Non-Interest-Bearing Accounts$569,482$1,868,336▲ $1,298,854
Inventories for Sale or Use$1,125,080$1,451,375▲ $326,295
Total Assets$114,883,232$119,469,437▲ $4,586,205
Other Assets Total$1,108,558$1,078,462▼ $30,096
Liabilities
Mortgage Notes Payable Secured by Investment Property$43,936,034$45,646,519▲ $1,710,485
Accounts Payable and Accrued Expenses$11,211,900$12,539,979▲ $1,328,079
Other Liabilities$2,362,223$2,473,663▲ $111,440
Total Liabilities$57,510,157$60,660,161▲ $3,150,004
Net Assets / Fund Balance
Total Net Assets Fund Balance$57,373,075$58,809,276▲ $1,436,201
Total Liabilities and Net Assets / Fund Balance$114,883,232$119,469,437▲ $4,586,205

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$79,086,780$67,587,778$146,674,558
Buildings$4,572,822$2,263,542$6,836,364
Land$1,722,507-$1,722,507
Other Securities$2,155--
Closely Held Equity Interests$197,988--
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric JungPresident &FT$271,557$80,009$351,566
Eric JungPresident & CEO-$271,557$80,009$351,566
James EitsertVP DistributFT$175,167$33,677$208,844
James EitsertVP Distribution Serv-$175,167$33,677$208,844
Andrew MitchellEngineeringFT$138,148$55,776$193,924
Andrew MitchellEngineering Supervis-$138,148$55,776$193,924
Audra UherCFOFT$138,773$50,253$189,026
Jaime WalkerVP Member SeFT$136,155$49,620$185,775
Jaime WalkerVP Member Services-$136,155$49,620$185,775
Cathy EgolfBoard Member-$18,900-$18,900
Ingrid Tippmann NicholsonTreasurer-$18,575-$18,575
Rob HigginsBoard Member-$17,400-$17,400
Erik LinnemeierBoard Member-$16,925-$16,925
Thomas WesternBoard Chair-$16,200$200$16,400
Joseph KruyerVice Chair-$15,600-$15,600
Douglas SchraderSecretary-$14,875$200$15,075
Donald DaffornBoard Member-$14,775-$14,775
Carol CooperBoard Member-$13,350-$13,350
Jeremy McclishBoard Member-$5,775-$5,775

Highest Paid Contractors

ContractorServicesLocationCompensation
Nelson Tree ServiceTree Trimming4489 SOLUTIONS CENTER, Chicago, IL 60677$690,466
Ampp Construction INCInst/maint4090 W 400 S, Winchester, IN 47394$445,620
Premier Power MaintenanceSubstation Main4035 CHAMPIONSHIP DR, Indianapolis, IN 46268$344,828
Robert Henry CorpDist Plant ConsPO BOX 1407, South Bend, IN 46624$229,687
T & B IncInst/maint6510 N 110 E, Hartford City, IN 47348$217,917
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$107,263,689
Investment Income
$67,739
Other Revenue
$398,670
Change in Net Assets
$3,029,013

Audited Revenue Reconciliation

Revenue per Audited Statements
$107,730,098
Total Revenue per Audited Statements
$107,730,098
Total Revenue per Form 990
$107,730,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,772,826
Salaries, Compensation, and Employee Benefits$8,928,259
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$5,898,781
Depreciation Depletion---$5,621,832
Interest---$2,163,673
Other Employee Benefits---$1,017,888
Pension Plan Contributions---$1,016,770
Current Officers, Directors, Trustees, and Key Employees---$503,941
Payroll Taxes---$490,879
Insurance---$388,640
Office Expenses---$381,415
All Other Expenses---$361,540
Other Expenses---$301,951
Fees for Services Other---$68,538
Advertising---$40,282
Fees for Services Legal---$32,895
Fees for Services Accounting---$23,500
Total Functional Expenses$0$0$0$104,701,085

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$104,701,085
Total Expenses per Audited Statements$104,701,085
Total Expenses per Form 990$104,701,085
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$3,000
Section 527 Activity Spending$3,000
Total Exempt Function Spending$3,000

Section 527 Organizations

OrganizationLocationAmount
35-1998087Indianapolis, IN$3,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Consumer Deposits$2,214,080
Contributions in Aid of Construction$259,583
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Tom western douglas schrader director director business”

Form 990, Page 6, Part VI, Line 6

“All entities purchasing power from the remc are members of the membership corporation.”

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

“The board of directors are elected by the members at the annual meeting of the corporation.”

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

“The members approve or disapprove of the board of directors actions at the annual meeting.”

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

“Management reviews the 990 and audit report with the board of directors at a board meeting. The form is approved by the board prior to filing of the tax return.”

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

“A ceo compensation committee made up entirely of board of directors members meets to evaluate and determine the appropriate salary level of the ceo including the use of comparable data.”

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

“The organization reviews compensation to establish all salaries.”

Form 990, Page 6, Part VI, Line 19

“The bylaws of the cooperative, 2 years of annual reports and the listing of the board of directors and contract information is maintained on the cooperative's website. Form 990 is maintained in house and is available for inspection or copying during business hours.”

Filing and Contact Details

Filer

Filer Name
Northeastern Rural Electric
EIN
35-0756490
Phone
8884136111
Address
4901 EAST PARK 30 DRIVE, COLUMBIA CITY, IN 46725

Signing Officer

Name
Eric Jung
Title
President & CEO
Phone
8884136111
Signed
2021-06-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Jung
Formed
1936
Legal Domicile
In
Voting Board Members
9
Independent Board Members
9
Employees
76

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

“Change in memberships 8,820 retirement of capital credits -1,601,632 total -1,592,812”

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, 2020. 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, 2020 and 2019, 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 2017.”

Raw XML AppendixShowing 400 of 563 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/BOYAmt011211900
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt012539979
IRS990/AccountsReceivableGrp/BOYAmt010551375
IRS990/AccountsReceivableGrp/EOYAmt011174810
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ELECTRIC DISTRIBUTION COOPERATIVE DELIVERING ELECTRICTY IN PARTS OF SIX INDIANA COUNTIES; WHITLEY, ALLEN, HUNTINGTON, WABASH, NOBLE AND KOSCIUSKO.
IRS990/AdvertisingGrp/TotalAmt040282
IRS990/AllOtherExpensesGrp/TotalAmt0361540
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0NORTHEASTERN REMC
IRS990/BooksInCareOfDetail/PhoneNum08884136111
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04901 E PARK 30 DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0COLUMBIA CITY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd046725
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0569482
IRS990/CashNonInterestBearingGrp/EOYAmt01868336
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt09
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0503941
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0690466
IRS990/ContractorCompensationGrp/CompensationAmt1445620
IRS990/ContractorCompensationGrp/CompensationAmt2344828
IRS990/ContractorCompensationGrp/CompensationAmt3229687
IRS990/ContractorCompensationGrp/CompensationAmt4217917
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt04489 SOLUTIONS CENTER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt14090 W 400 S
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt24035 CHAMPIONSHIP DR
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3PO BOX 1407
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt46510 N 110 E
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0CHICAGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1WINCHESTER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2INDIANAPOLIS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3SOUTH BEND
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4HARTFORD CITY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4IN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd060677
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd147394
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd246268
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd346624
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd447348
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0NELSON TREE SERVICE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1AMPP CONSTRUCTION INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2PREMIER POWER MAINTENANCE
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3ROBERT HENRY CORP
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4T & B INC
IRS990/ContractorCompensationGrp/ServicesDesc0TREE TRIMMING
IRS990/ContractorCompensationGrp/ServicesDesc1INST/MAINT
IRS990/ContractorCompensationGrp/ServicesDesc2SUBSTATION MAIN
IRS990/ContractorCompensationGrp/ServicesDesc3DIST PLANT CONS
IRS990/ContractorCompensationGrp/ServicesDesc4INST/MAINT
IRS990/CostOfGoodsSoldAmt024375
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt067739
IRS990/CYOtherExpensesAmt095772826
IRS990/CYOtherRevenueAmt0398670
IRS990/CYProgramServiceRevenueAmt0107263689
IRS990/CYRevenuesLessExpensesAmt03029013
IRS990/CYSalariesCompEmpBnftPaidAmt08928259
IRS990/CYTotalExpensesAmt0104701085
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0107730098
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt05621832
IRS990/Desc0DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt076
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt023500
IRS990/FeesForServicesLegalGrp/TotalAmt032895
IRS990/FeesForServicesOtherGrp/TotalAmt068538
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt045.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.54
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt242.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt343.08
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt441.54
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt53.26
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.46
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.86
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.79
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.61
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.67
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.86
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.15
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.94
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.36
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt080009
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt149620
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt233677
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt355776
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt450253
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0ERIC JUNG
IRS990/Form990PartVIISectionAGrp/PersonNm1JAIME WALKER
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES EITSERT
IRS990/Form990PartVIISectionAGrp/PersonNm3ANDREW MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm4AUDRA UHER
IRS990/Form990PartVIISectionAGrp/PersonNm5ROB HIGGINS
IRS990/Form990PartVIISectionAGrp/PersonNm6DOUGLAS SCHRADER
IRS990/Form990PartVIISectionAGrp/PersonNm7INGRID TIPPMANN NICHOLSON
IRS990/Form990PartVIISectionAGrp/PersonNm8THOMAS WESTERN
IRS990/Form990PartVIISectionAGrp/PersonNm9DONALD DAFFORN
IRS990/Form990PartVIISectionAGrp/PersonNm10JOSEPH KRUYER
IRS990/Form990PartVIISectionAGrp/PersonNm11CATHY EGOLF
IRS990/Form990PartVIISectionAGrp/PersonNm12ERIK LINNEMEIER
IRS990/Form990PartVIISectionAGrp/PersonNm13JEREMY MCCLISH
IRS990/Form990PartVIISectionAGrp/PersonNm14CAROL COOPER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0271557
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1136155
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2175167
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3138148
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4138773
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt517400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt614875
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt718575
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt816200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt914775
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1015600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1118900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1216925
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt135775
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1413350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP MEMBER SE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP DISTRIBUT
IRS990/Form990PartVIISectionAGrp/TitleTxt3ENGINEERING
IRS990/Form990PartVIISectionAGrp/TitleTxt4CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01936
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt025620
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt025620
IRS990/GrossReceiptsAmt0107754473
IRS990/GrossSalesOfInventoryAmt024138
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt031
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/TotalAmt0388640
IRS990/InterestGrp/TotalAmt02163673
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01125080
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01451375
IRS990/InvestmentIncomeGrp/ExclusionAmt042119
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt042119
IRS990/InvestmentInJointVentureInd0true
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt013838742
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt013529115
IRS990/IRPDocumentCnt038
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt069851320
IRS990/LandBldgEquipBasisNetGrp/BOYAmt082295339
IRS990/LandBldgEquipBasisNetGrp/EOYAmt085382109
IRS990/LandBldgEquipCostOrOtherBssAmt0155233429
IRS990/LegalDomicileStateCd0IN
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt0107263689
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ELECTRIC DISTRIBUTION COOPERATIVE DELIVERING ELECTRICTY IN PARTS OF SIX INDIANA COUNTIES; WHITLEY, ALLEN, HUNTINGTON, WABASH, NOBLE AND KOSCIUSKO.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt043936034
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt045646519
IRS990/NetAssetsOrFundBalancesBOYAmt057373075
IRS990/NetAssetsOrFundBalancesEOYAmt058809276
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt025620
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt025620
IRS990/NetIncomeOrLossGrp/ExclusionAmt0-237
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-237
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/TotalAmt0381415
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01108558
IRS990/OtherAssetsTotalGrp/EOYAmt01078462
IRS990/OtherChangesInNetAssetsAmt0-1592812
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01017888
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1OTHER TAXES
IRS990/OtherExpensesGrp/Desc2MAINTENANCE - DISTRIBUTIO
IRS990/OtherExpensesGrp/Desc3CUSTOMER SELLING/SERVICE
IRS990/OtherExpensesGrp/TotalAmt083891321
IRS990/OtherExpensesGrp/TotalAmt11499693
IRS990/OtherExpensesGrp/TotalAmt2997546
IRS990/OtherExpensesGrp/TotalAmt3301951
IRS990/OtherLiabilitiesGrp/BOYAmt02362223
IRS990/OtherLiabilitiesGrp/EOYAmt02473663
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE ALLOCATIONS
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/Desc2FORFEITED DISCOUNTS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0231403
IRS990/OtherRevenueMiscGrp/ExclusionAmt1101324
IRS990/OtherRevenueMiscGrp/ExclusionAmt266180
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0231403
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1101324
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt266180
IRS990/OtherRevenueTotalAmt0398907
IRS990/OtherSalariesAndWagesGrp/TotalAmt05898781
IRS990/OtherSourcesGrossIncomeAmt0466409
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt0490879
IRS990/PensionPlanContributionsGrp/TotalAmt01016770
IRS990/PoliticalCampaignActyInd0true
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05394656
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04985230
IRS990/PrincipalOfficerNm0ERIC JUNG
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0107263689
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0107263689
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt056673
IRS990/PYOtherExpensesAmt094286667
IRS990/PYOtherRevenueAmt0519940
IRS990/PYProgramServiceRevenueAmt0105895088
IRS990/PYRevenuesLessExpensesAmt03559059
IRS990/PYSalariesCompEmpBnftPaidAmt08625975
IRS990/PYTotalExpensesAmt0102912642
IRS990/PYTotalRevenueAmt0106471701
IRS990/ReconcilationRevenueExpnssAmt03029013
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt057373075
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt058809276
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Expended527ActivitiesAmt03000
IRS990ScheduleC/Form1120POLFiledInd0true
IRS990ScheduleC/PoliticalExpendituresAmt03000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0351998087
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0INDIANA FORE
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt03000
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt08888 KEYSTONE CROSSING STE 1600
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0INDIANAPOLIS
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd046240
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTIONS TO POLITICAL ACTION COMMITTEES
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART IV
IRS990ScheduleC/TotalExemptFunctionExpendAmt03000
IRS990ScheduleD/BuildingsGrp/BookValueAmt04572822
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02263542
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06836364
IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt0197988
IRS990ScheduleD/EquipmentGrp/BookValueAmt079086780
IRS990ScheduleD/EquipmentGrp/DepreciationAmt067587778
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0146674558
IRS990ScheduleD/ExpensesSubtotalAmt0104701085
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01722507
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01722507
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02214080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1259583
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONTRIBUTIONS IN AID OF CONSTRUCTION
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt012763727
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1252976
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2216085
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt359597
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt425000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt511587
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt62155
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PATRONAGE CAPITAL- WVPA, CFC, NISC
IRS990ScheduleD/OtherSecuritiesGrp/Desc1FEDERATED INSURANCE
IRS990ScheduleD/OtherSecuritiesGrp/Desc2HEARTLAND EMERGENCY EQUIPMENT
IRS990ScheduleD/OtherSecuritiesGrp/Desc3I.E.C. PATRONAGE CAPITAL
IRS990ScheduleD/OtherSecuritiesGrp/Desc4NRUCFC-MEMBER CAPITAL SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc5COOPERATIVE RESPONSE CENTER
IRS990ScheduleD/OtherSecuritiesGrp/Desc6MEMBERSHIPS
IRS990ScheduleD/RevenueSubtotalAmt0107730098
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, 2020. 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, 2020 AND 2019, 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 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt085382109
IRS990ScheduleD/TotalBookValueSecuritiesAmt013529115
IRS990ScheduleD/TotalExpensesPerForm990Amt0104701085
IRS990ScheduleD/TotalLiabilityAmt02473663
IRS990ScheduleD/TotalRevenuePerForm990Amt0107730098
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0107730098
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0104701085
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0271557
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1136155
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2175167
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3138148

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$119,469,437
Liabilities
$60,660,161
Net assets
$58,809,276
Revenue
$107,730,098
Expenses
$104,701,085
Net income
$3,029,013
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$197$127$70.2$132$132$0.02
2023Detailed filing. Detailed filing data is available for this year.$182$115$67.0$122$118$4.30
2022Detailed filing. Detailed filing data is available for this year.$170$106$63.8$149$145$3.85
2021Detailed filing. Detailed filing data is available for this year.$154$92.6$61.5$126$122$4.29
2020Detailed filing. Detailed filing data is available for this year.$119$60.7$58.8$108$105$3.03