Civic Intelligence

Western Indiana Energy Remc

EIN 35-2025174 • 501(c)12 • Vincennes, IN

Profile

To provide safe and reliable electric service at the best value to our member-consumers while supporting the communities we serve.

3981 S US Highway 41Vincennes, IN 47591-7438

www.winenergyremc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

11th percentile

0.28x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

0.58x

Higher debt load relative to revenue than 12% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Net Margin

48th percentile

0.0%

Higher net margin than 48% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$364,368

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Asset Growth

27th percentile

2.6%

Faster asset growth than 27% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

1.2%

Faster revenue growth than 27% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$159,142,439

Up $9,954,592 (+6.7%) from 2022

Liabilities

Up

$44,961,757

Up $4,144,295 (+10%) from 2022

Net Assets

Up

$114,180,682

Up $5,810,297 (+5.4%) from 2022

Revenue

Up

$76,953,728

Up $6,810,318 (+9.7%) from 2022

Expenses

Up

$76,953,728

Up $6,810,318 (+9.7%) from 2022

Net Income

Flat

$0

Flat from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2020: $141,033,942Liabilities 2020: $38,228,388Net Assets 2020: $102,805,5542020Assets 2021: $145,668,530Liabilities 2021: $37,458,532Net Assets 2021: $108,209,9982021Assets 2022: $149,187,847Liabilities 2022: $40,817,462Net Assets 2022: $108,370,3852022Assets 2024: $159,142,439Liabilities 2024: $44,961,757Net Assets 2024: $114,180,6822024

Highlighted filing

2024

Assets$159,142,439
Liabilities$44,961,757
Net Assets$114,180,682

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0Revenue 2020: $63,802,458Expenses 2020: $63,802,458Net Income 2020: $02020Revenue 2021: $67,176,124Expenses 2021: $67,176,124Net Income 2021: $02021Revenue 2022: $70,143,410Expenses 2022: $70,143,410Net Income 2022: $02022Revenue 2024: $76,953,728Expenses 2024: $76,953,728Net Income 2024: $02024

Highlighted filing

2024

Revenue$76,953,728
Expenses$76,953,728
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 21, 2025
Return Version
2024v5.2
Gross Receipts
$76,953,728
Mission and Program Overview

Mission

To provide safe and reliable electric service at the best value to our member-owners while supporting the communities we serve.

Distribution of electricity to approximately 12,700 members on a cooperative basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$111,162,787$114,156,407▲ $2,993,620
Land, Buildings, and Equipment, Net$108,673,733$112,333,252▲ $3,659,519
Investments Program Related$33,659,913$34,128,747▲ $468,834
Accounts Receivable$7,379,769$7,061,987▼ $317,782
Cash and Non-Interest-Bearing Accounts$3,727,593$3,895,098▲ $167,505
Inventories for Sale or Use$1,416,131$1,408,981▼ $7,150
Prepaid Expenses and Deferred Charges$285,539$313,355▲ $27,816
Pd in Cap Srpls Land Bldg Eqp Fund$25,130$24,275▼ $855
Investments Other Securities$1,019$1,019→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$155,143,697$159,142,439▲ $3,998,742
Liabilities
Mortgage Notes Payable Secured by Investment Property$33,998,893$32,512,033▼ $1,486,860
Accounts Payable and Accrued Expenses$7,348,560$9,706,355▲ $2,357,795
Other Liabilities$2,608,327$2,743,369▲ $135,042
Total Liabilities$43,955,780$44,961,757▲ $1,005,977
Net Assets / Fund Balance
Total Net Assets Fund Balance$111,187,917$114,180,682▲ $2,992,765
Total Liabilities and Net Assets / Fund Balance$155,143,697$159,142,439▲ $3,998,742

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$103,459,696$17,107,941$120,567,637
Equipment$2,056,218$7,182,274$9,238,492
Buildings$5,555,297$2,330,095$7,885,392
Land$1,262,041-$1,262,041
Investment Program Related Org$865,478--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leslie M BeardChief Executive OfficerFT$264,737$99,631$364,368
Thomas NowaskieChief Executive OfficerPT$289,078$25,222$314,300
Eileen GoodwinDirector of FinanceFT$165,734$142,788$308,522
Bruce GillDirector of Operations & SFT$163,985$71,322$235,307
Chance KelleyLine SpecialistFT$148,273$30,120$178,393
Shawn WolfeEmployeeFT$147,594$29,387$176,981
Nick BordersEmployeeFT$143,604$27,949$171,553
Harley DrakeChairmanPT$16,973-$16,973
Marion JochimVice-chairmanPT$16,573-$16,573
Chad ThomasDirector-$14,150-$14,150
Phillip CarterSecretaryPT$13,300-$13,300
Barry BaneDirectorPT$13,200-$13,200
Randall KupplerTreasurer-$12,800-$12,800
Marlin DreimanDirector-$12,600-$12,600

Highest Paid Contractors

ContractorServicesLocationCompensation
Intren LLCLine ConstructionPO BOX 315, Vincennes, IN 47591$2,839,511
Halter Vegetation MgtTree Trimming325 MAIN ST, Vincennes, IN 47591$2,467,004
Atkinson Trenching INCTrenching1057 N ATKINSON RD, Vincennes, IN 47591$470,484
Utility Service & Equipment LLCFleet Repair441 W 650 S, Fort Branch, IN 47648$284,661
Solomon CorporationRecloser RepairsPO BOX 245, Solomon, KS 67480$268,634
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$74,657,782
Investment Income
$45,436
Other Revenue
$2,250,510
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,130,148
Salaries, Compensation, and Employee Benefits$6,756,607
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$4,214,320
Benefits to Members---$4,066,973
Other Salaries and Wages---$2,579,860
Current Officers, Directors, Trustees, and Key Employees---$1,849,021
Interest---$1,484,128
Other Employee Benefits---$1,384,939
Other Expenses---$983,693
All Other Expenses---$893,607
Pension Plan Contributions---$596,621
Payroll Taxes---$346,166
Total Functional Expenses$0$0$0$76,953,728
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
35-1998087Carmel, IN$2,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unclaimed Patronage Capital$1,273,999
Customer Deposits$1,059,104
Accumulated Post Retirement Benefit Obligation$399,397
Construction Advances$10,869
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
No
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, Part VI, Section A, Line 6

Win energy remc is a cooperative owned by approximately 12,700 members

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

All members are entitled to vote for the board of directors at its annual meeting

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

Governance decisions are subject to approval by the governing body

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

Form 990 is reviewed by the chief executive officer and is made available to the board of directors for review before it is filed with the irs.

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

The conflict of interest policy is reviewed annually by the board of directors.

Form 990, Part VI, Section B, Line 15A

Compensation for the ceo is determined by the board of directors.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and annual report are available upon request.

Filing and Contact Details

Filer

Filer Name
Western Indiana Energy Remc
EIN
35-2025174
Phone
8128825140
Address
3981 S US HIGHWAY 41, VINCENNES, IN 47591-7438
Doing Business As
Win Energy Remc

Signing Officer

Name
Leslie M Beard
Title
CEO
Phone
8128825140
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie M Beard
Formed
1997
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
59
Volunteers
0

Preparer

Firm
MONROE SHINE & CO INC CPA'S
Address
PO BOX 1407, NEW ALBANY, IN 47151-1407
Preparer
Christopher M Hawkins CPA
Phone
8129452311
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net retirement of patronage capital to members -998,076. Decrease in memberships -855. Decrease in other comprehensive income -75,277. 2024 margins allocated to members 4,066,973.

FORM 990, PART XII, LINE 2C:

No change from the prior year

Financial Statement Notes

PART X, LINE 2:

The cooperative is exempt from federal income taxes under section 501(c)(12) of the internal revenue code. Accordingly, the financial statements do not include a provision for income taxes. The cooperative has adopted fasb asc 740-10 as it relates to uncertain tax positions. The cooperative is not currently being examined by taxing jurisdictions and management believes its tax-exempt status would be upheld under examination. No provision for uncertain tax positions has been recorded at december 31, 2024.

Raw XML AppendixShowing 400 of 598 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/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8CHIEF EXECUTIVE OFFICER
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IRS990/Form990PartVIISectionAGrp/TitleTxt12EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF OPERATIONS & S
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt076953728
IRS990/GrossRentsGrp/PersonalAmt0406495
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt01484128
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01416131
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01408981
IRS990/InvestmentIncomeGrp/ExclusionAmt045436
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt045436
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01019
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01019
IRS990/InvestmentsProgramRelatedGrp/BOYAmt033659913
IRS990/InvestmentsProgramRelatedGrp/EOYAmt034128747
IRS990/IRPDocumentCnt029
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt026620310
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0108673733
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0112333252
IRS990/LandBldgEquipCostOrOtherBssAmt0138953562
IRS990/LegalDomicileStateCd0IN
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt074657782
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE SAFE AND RELIABLE ELECTRIC SERVICE AT THE BEST VALUE TO OUR MEMBER-CONSUMERS WHILE SUPPORTING THE COMMUNITIES WE SERVE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt033998893
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt032512033
IRS990/NetAssetsOrFundBalancesBOYAmt0111187917
IRS990/NetAssetsOrFundBalancesEOYAmt0114180682
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0406495
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0406495
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt02992765
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01384939
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTIONS - MAINT
IRS990/OtherExpensesGrp/Desc2ADMIN AND GENERAL
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION - OPERATIO
IRS990/OtherExpensesGrp/TotalAmt053511834
IRS990/OtherExpensesGrp/TotalAmt13359988
IRS990/OtherExpensesGrp/TotalAmt21682578
IRS990/OtherExpensesGrp/TotalAmt3983693
IRS990/OtherLiabilitiesGrp/BOYAmt02608327
IRS990/OtherLiabilitiesGrp/EOYAmt02743369
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0PATRONAGE ALLOCATIONS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01844015
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01844015
IRS990/OtherRevenueTotalAmt01844015
IRS990/OtherSalariesAndWagesGrp/TotalAmt02579860
IRS990/OtherSourcesGrossIncomeAmt01792957
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/TotalAmt0346166
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt025130
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt024275
IRS990/PensionPlanContributionsGrp/TotalAmt0596621
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0285539
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0313355
IRS990/PrincipalOfficerNm0LESLIE M BEARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt074657782
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt074657782
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt03556981
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt042444
IRS990/PYOtherExpensesAmt066163129
IRS990/PYOtherRevenueAmt02419136
IRS990/PYProgramServiceRevenueAmt073569438
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt06310908
IRS990/PYTotalExpensesAmt076031018
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt076031018
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt0406495
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0111162787
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0114156407
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/Expended527ActivitiesAmt02000
IRS990ScheduleC/Form1120POLFiledInd01
IRS990ScheduleC/PoliticalExpendituresAmt02000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0351998087
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0IEC STATE PAC - POLITICAL ACTION
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt02000
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt011805 PENNSYLVANIA STREET
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0CARMEL
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0IN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd046032
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE REMC DONATED TO IEC STATE PAC, A POLITICAL ACTION GROUP WORKING IN THE INTEREST OF RURAL UTILITIES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleC/TotalExemptFunctionExpendAmt02000
IRS990ScheduleD/BuildingsGrp/BookValueAmt05555297
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02330095
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07885392
IRS990ScheduleD/EquipmentGrp/BookValueAmt02056218
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07182274
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09238492
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt031835691
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11427578
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2865478
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PATRONAGE CAPITAL IN WHOLESALE POWER SUPPLIER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1PATRONAGE CAPITAL IN OTHER ASSOCIATED ORGANIZATIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT IN CFC CAPITAL TERM CERTIFICATES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt01262041
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01262041
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0103459696
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017107941
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0120567637
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01273999
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110869
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2399397
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt31059104
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNCLAIMED PATRONAGE CAPITAL
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONSTRUCTION ADVANCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCUMULATED POST RETIREMENT BENEFIT OBLIGATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CUSTOMER DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE COOPERATIVE HAS ADOPTED FASB ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS. THE COOPERATIVE IS NOT CURRENTLY BEING EXAMINED BY TAXING JURISDICTIONS AND MANAGEMENT BELIEVES ITS TAX-EXEMPT STATUS WOULD BE UPHELD UNDER EXAMINATION. NO PROVISION FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED AT DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0112333252
IRS990ScheduleD/TotalBookValueProgramRltdAmt034128747
IRS990ScheduleD/TotalLiabilityAmt02743369
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0264737
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1289078
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2165734
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3163985
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4148273
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5147594
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt6143604
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount50
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount60
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00

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