Civic Intelligence

Norris Electric Cooperative

990 • Fiscal year 2016 • EIN 37-0442695

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 24, 2017

Organization ProfileWWW.NORRISELECTRIC.COM

View Organization Page

8543 N State Hwy 130Newton, IL 62448

(618) 783-8765

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$84,920,086

Flat from 2016

Net Assets

Flat

$67,626,564

Flat from 2016

Liabilities

Flat

$17,293,522

Flat from 2016

Revenue And Expenses

Revenue

Flat

$44,545,519

Flat from 2016

Expenses

Flat

$42,207,859

Flat from 2016

Net Income

Flat

$2,337,660

Flat from 2016

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2016: $84,920,086Liabilities 2016: $17,293,522Net Assets 2016: $67,626,5642016Assets 2016: $84,920,086Liabilities 2016: $17,293,522Net Assets 2016: $67,626,5642016Assets 2017: $87,628,235Liabilities 2017: $18,133,811Net Assets 2017: $69,494,4242017Assets 2018: $95,011,451Liabilities 2018: $23,805,749Net Assets 2018: $71,205,7022018Assets 2019: $100,142,863Liabilities 2019: $25,552,948Net Assets 2019: $74,589,9152019Assets 2020: $112,130,663Liabilities 2020: $36,632,963Net Assets 2020: $75,497,7002020Assets 2021: $122,679,839Liabilities 2021: $46,459,351Net Assets 2021: $76,220,4882021Assets 2022: $134,097,088Liabilities 2022: $58,907,333Net Assets 2022: $75,189,7552022Assets 2023: $142,761,430Liabilities 2023: $67,472,730Net Assets 2023: $75,288,7002023Assets 2024: $147,320,775Liabilities 2024: $72,649,380Net Assets 2024: $74,671,3952024

Highlighted filing

2016

Assets$84,920,086
Liabilities$17,293,522
Net Assets$67,626,564
Open 2016 Filing

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2016: $44,545,519Expenses 2016: $42,207,859Net Income 2016: $2,337,6602016Revenue 2016: $44,545,519Expenses 2016: $42,207,859Net Income 2016: $2,337,6602016Revenue 2017: $46,933,143Expenses 2017: $43,679,585Net Income 2017: $3,253,5582017Revenue 2018: $49,330,858Expenses 2018: $45,139,876Net Income 2018: $4,190,9822018Revenue 2019: $41,106,281Expenses 2019: $38,696,559Net Income 2019: $2,409,7222019Revenue 2020: $39,962,096Expenses 2020: $38,767,404Net Income 2020: $1,194,6922020Revenue 2021: $43,756,656Expenses 2021: $41,658,063Net Income 2021: $2,098,5932021Revenue 2022: $47,152,276Expenses 2022: $47,922,352Net Income 2022: -$770,0762022Revenue 2023: $51,604,627Expenses 2023: $50,077,264Net Income 2023: $1,527,3632023Revenue 2024: $53,250,149Expenses 2024: $52,456,742Net Income 2024: $793,4072024

Highlighted filing

2016

Revenue$44,545,519
Expenses$42,207,859
Net Income$2,337,660
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 24, 2017
Return Version
2016v3.0
Gross Receipts
$44,587,745
Mission and Program Overview

Mission

To provide electricity and other services to its members.

Distribution of electricity to rural members of the cooperative

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$70,170,873$73,549,000▲ $3,378,127
Rtn Earn Endowment Incm Other Fnds$66,113,271$67,877,248▲ $1,763,977
Accounts Receivable$3,590,988$3,843,830▲ $252,842
Investments Program Related$4,469,354$3,637,364▼ $831,990
Cash and Non-Interest-Bearing Accounts$1,374,964$1,981,530▲ $606,566
Inventories for Sale or Use$1,783,343$1,788,423▲ $5,080
Prepaid Expenses and Deferred Charges$128,602$119,939▼ $8,663
Cap Stk Tr Prin Current Funds$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$2,393,496$-250,684▼ $2,644,180
Total Assets$81,518,124$84,920,086▲ $3,401,962
Liabilities
Accounts Payable and Accrued Expenses$12,147,531$15,841,969▲ $3,694,438
Other Liabilities$863,826$1,358,135▲ $494,309
Mortgage Notes Payable Secured by Investment Property-$93,418-
Total Liabilities$13,011,357$17,293,522▲ $4,282,165
Net Assets / Fund Balance
Total Net Assets Fund Balance$68,506,767$67,626,564▼ $880,203
Total Liabilities and Net Assets / Fund Balance$81,518,124$84,920,086▲ $3,401,962

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$72,172,142$36,207,175$108,379,317
Buildings$1,090,694$826,960$1,917,654
Land$286,164-$286,164
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Keith MckinneyCEO - FormerFT$181,711$42,638$224,349
Ian MooreLinemanFT$131,314$42,929$174,243
Casey FulkLinemanFT$120,699$43,517$164,216
Ralph Bowersock JrLinemanFT$117,694$42,922$160,616
Scott JohnsonLinemanFT$118,733$40,249$158,982
Tami PhillipsCEOFT$119,293$31,678$150,971
Keith LongLinemanFT$114,256$33,430$147,686
John David SheppardDirector-$15,380-$15,380
Ron ViehmanDirector-$13,407-$13,407
Dan StrineDirector-$12,312-$12,312
Gary BuserDirector-$11,947-$11,947
Dan SchererVice President-$11,940-$11,940
Gordon McclurePresident-$11,795-$11,795
Justin ParcelDirector-$11,644-$11,644
Dean DietrichSecretary/treasurer-$11,116-$11,116
Gilbert GarbeDirector-$11,029-$11,029
Kurt HolscherDirector-$4,685-$4,685
Joeseph HelminkDirector-$3,623-$3,623

Highest Paid Contractors

ContractorServicesLocationCompensation
AsplundhTree Trimming708 BLAIR MILL ROAD, Willow Grove, PA 19090$2,045,410
Henkels & Mccoy INCUtility Construction1620 NORTH BROADWAY, Salem, IL 62881$1,208,051
Mcfarland CascadeUtility Poles1001 N MAIN ST 8, Nappanee, IN 46550$486,491
ErmcoTransformer Equipment1625 W THOMPSON RD, Indianapolis, IN 46217$380,874
J F Electric INCUtility Construction100 LAKEFRONT PARKWAY, Edwardsville, IL 62025$344,142
Revenue and Support

Revenue Composition

Contributions and Grants
$250
Program Service Revenue
$44,291,656
Investment Income
$49,838
Other Revenue
$203,775
All Other Contributions
$250
Change in Net Assets
$2,337,660

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,545,519
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$44,545,519
Total Revenue per Form 990
$44,545,519
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,648,609
Salaries, Compensation, and Employee Benefits$559,250
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$3,650,160
All Other Expenses---$1,089,441
Other Expenses---$1,030,371
Current Officers, Directors, Trustees, and Key Employees---$300,589
Other Salaries and Wages---$258,661
Office Expenses---$252,037
Fees for Services Legal---$26,108
Fees for Services Accounting---$14,500
Total Functional Expenses$0$0$0$42,207,859

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$42,207,859
Total Expenses per Audited Statements$42,207,859
Total Expenses per Form 990$42,207,859
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
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Keith MckinneyGeneral ManagerKEITH MCKINNEY IS A DIRECTOR ON THE BOARD OF UNITED UTILITY SUPPLY. NORRIS ELECTRIC COOP PURCHASES ELECTRICAL EQUIPMENT AND MATERIALS FROM THIS COMPANY ALONG WITH SEVERAL OTHERS. IN 2016, PURCHASES WERE $16,703 FROM UNITED UTILITY SUPPLY.No$16,703
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Customer Advances$1,358,135
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 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, Part VI, Section A, Line 6

“The members of norris electric cooperative also receive services from the cooperative.”

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

“The members of the cooperative elect the members of the board annually. Board members have staggered terms and are re-elected over a three year cycle.”

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

“Certain decisions to be made by the board of directors must be approved by the members.”

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

“The board of the organization reviews all business matters prior to final submission.”

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

“This is discussed at each board meeting.”

Form 990, Part VI, Section B, Line 15

“The entire board used a compensation study of other manager's and the size of their co-op.”

Form 990, Part VI, Section C, Line 19

“Governing documents are available by mail to the public. The conflict of interest policy is available by request, and financial statements are available online and at the annual meeting.”

Filing and Contact Details

Filer

Filer Name
Norris Electric Cooperative
EIN
37-0442695
Phone
6187838765
Address
8543 N STATE HWY 130, NEWTON, IL 62448

Signing Officer

Name
Tami Phillips
Title
General Manager
Phone
6187838765
Signed
2017-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tami Phillips
Formed
1938
Legal Domicile
Il
Voting Board Members
11
Independent Board Members
11
Employees
65
Volunteers
0

Preparer

Firm
London Witte Group LLC
Address
1776 N MERIDIAN STREET STE 500, INDIANAPOLIS, IN 46202
Preparer
Earl L Ridlen
Phone
3176344747
Supplemental Narrative

Additional Explanations

Form 990. Part IX, Line 4

“The cooperative has shown patronage retirements paid to its members in the other changes in equity section of this return (schedule d, part xi, line 8). This presentation is consistent with the presentation in prior returns as well as with proper accounting procedures for equity transactions. The cooperative has not shown any amount of patronage retirements on form 990, line 4 of section ix (statement of functional expenses). The reason that line 4 of section ix does not include any retirements from patronage is due to the fact that none of the amounts that were retired from the patronage of the cooperative were operating expenditures, but rather were merely a return of the cooperatives equity. The presentation shown by the cooperative was done in order to adequately supply all necessary information to the service as well as accurately disclose the activity of the cooperative for the year.”

FORM 990, PART XI, LINE 9:

“Patronage paid to members -383,469. Other comprehensive income -2,837,184. Change in memberships 2,790.”

Form 990, Part XIII, Line 2C

“There has been no change from prior year.”

Financial Statement Notes

PART X, LINE 2:

“The remc believes it is taking no uncertain tax positions.”

Form 990, Part XI, Line 9

“Total adjustments to net assets includes amounts that are part of retained earnings in the current year. The total is made up of comprehensive income of - $2,837,184, patronage paid to members of -$383,469 and change in memberships in the amount of - $2,790. See schedule o for more details on these equity transactions.”

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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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO - FORMER
IRS990/Form990PartVIISectionAGrp/TitleTxt12CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt14LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt15LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt16LINEMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt17LINEMAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01938
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt015004
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt057230
IRS990/GrossReceiptsAmt044587745
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt018
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InventoriesForSaleOrUseGrp/BOYAmt01783343
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01788423
IRS990/InvestmentIncomeGrp/ExclusionAmt034834
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034834
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt04469354
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03637364
IRS990/IRPDocumentCnt044
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt037034135
IRS990/LandBldgEquipBasisNetGrp/BOYAmt070170873
IRS990/LandBldgEquipBasisNetGrp/EOYAmt073549000
IRS990/LandBldgEquipCostOrOtherBssAmt0110583135
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt042226
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt044291658
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt07215
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt07215
IRS990/MissionDesc0TO PROVIDE ELECTRICITY AND OTHER SERVICES TO ITS MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt093418
IRS990/NetAssetsOrFundBalancesBOYAmt068506767
IRS990/NetAssetsOrFundBalancesEOYAmt067626564
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt015004
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt015004
IRS990/NetUnrelatedBusTxblIncmAmt018231
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/TotalAmt0252037
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-3217863
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2ADMINISTRATIVE EXPENSE
IRS990/OtherExpensesGrp/Desc3OPERATIONS
IRS990/OtherExpensesGrp/TotalAmt029203630
IRS990/OtherExpensesGrp/TotalAmt14335876
IRS990/OtherExpensesGrp/TotalAmt22046486
IRS990/OtherExpensesGrp/TotalAmt31030371
IRS990/OtherLiabilitiesGrp/BOYAmt0863826
IRS990/OtherLiabilitiesGrp/EOYAmt01358135
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2532000
IRS990/OtherRevenueMiscGrp/Desc0NON-OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc1PATRONAGE REVENUE
IRS990/OtherRevenueMiscGrp/Desc2POLE RENTAL
IRS990/OtherRevenueMiscGrp/ExclusionAmt097530
IRS990/OtherRevenueMiscGrp/ExclusionAmt174399
IRS990/OtherRevenueMiscGrp/ExclusionAmt224631
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt097530
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt174399
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt224631
IRS990/OtherRevenueTotalAmt0203775
IRS990/OtherSalariesAndWagesGrp/TotalAmt0258661
IRS990/OtherSourcesGrossIncomeAmt0253611
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt02393496
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0-250684
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0128602
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0119939
IRS990/PrincipalOfficerNm0TAMI PHILLIPS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/BusinessCd4221000
IRS990/ProgramServiceRevenueGrp/Desc0SMALL SINGLE PHASE
IRS990/ProgramServiceRevenueGrp/Desc1COMMERCIAL & INDUSTRIAL SALES
IRS990/ProgramServiceRevenueGrp/Desc2RESIDENTIAL A-D
IRS990/ProgramServiceRevenueGrp/Desc3SMALL ELECTRIC HEAT-AE
IRS990/ProgramServiceRevenueGrp/Desc4ALL OTHER
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt027184567
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111579230
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22939562
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31524217
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4513599
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt027184567
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111579230
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22939562
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31524217
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4513599
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt07000
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011926
IRS990/PYOtherExpensesAmt038964083
IRS990/PYOtherRevenueAmt0245654
IRS990/PYProgramServiceRevenueAmt043483455
IRS990/PYRevenuesLessExpensesAmt04211342
IRS990/PYSalariesCompEmpBnftPaidAmt0572610
IRS990/PYTotalExpensesAmt039536693
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt043748035
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02337660
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt044291656
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt066113271
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt067877248
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01090694
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0826960
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01917654
IRS990ScheduleD/EquipmentGrp/BookValueAmt072172142
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036207175
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0108379317
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt042207859
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0286164
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0286164
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01358135
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER ADVANCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt044545519
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE REMC BELIEVES IT IS TAKING NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1TOTAL ADJUSTMENTS TO NET ASSETS INCLUDES AMOUNTS THAT ARE PART OF RETAINED EARNINGS IN THE CURRENT YEAR. THE TOTAL IS MADE UP OF COMPREHENSIVE INCOME OF - $2,837,184, PATRONAGE PAID TO MEMBERS OF -$383,469 AND CHANGE IN MEMBERSHIPS IN THE AMOUNT OF - $2,790. SEE SCHEDULE O FOR MORE DETAILS ON THESE EQUITY TRANSACTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART XI, LINE 9
IRS990ScheduleD/TotalBookValueLandBuildingsAmt073549000

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$84,920,086
Liabilities
$17,293,522
Net assets
$67,626,564
Revenue
$44,545,519
Expenses
$42,207,859
Net income
$2,337,660
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$147$72.6$74.7$53.3$52.5$0.79
2023Detailed filing. Detailed filing data is available for this year.$143$67.5$75.3$51.6$50.1$1.53
2022Detailed filing. Detailed filing data is available for this year.$134$58.9$75.2$47.2$47.9$0.77
2021Detailed filing. Detailed filing data is available for this year.$123$46.5$76.2$43.8$41.7$2.10
2020Detailed filing. Detailed filing data is available for this year.$112$36.6$75.5$40.0$38.8$1.19
2019Detailed filing. Detailed filing data is available for this year.$100$25.6$74.6$41.1$38.7$2.41
2018Detailed filing. Detailed filing data is available for this year.$95.0$23.8$71.2$49.3$45.1$4.19
2017Detailed filing. Detailed filing data is available for this year.$87.6$18.1$69.5$46.9$43.7$3.25
2016Detailed filing. Detailed filing data is available for this year.$84.9$17.3$67.6$44.5$42.2$2.34
2016Detailed filing. Detailed filing data is available for this year.$84.9$17.3$67.6$44.5$42.2$2.34