STRATEGY STUDIO / PUBLIC DATA EXPLORER

RUSHSHELBY ENERGY RURAL ELECTRIC COOPERATIVE INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
RUSHSHELBY ENERGY RURAL ELECTRIC COOPERATIVE INC (EIN 35-2068789)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-09-06
IRS object ID
202412509349301416
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-09-06T13:41:35-05:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363163136PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LWG CPAS & ADVISORSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11776 N MERIDIAN ST STE 500AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46202ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN352068789EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RUSHSHELBY ENERGY RURAL ELECTRICBusinessNameLine1Txt
Business Name Line2MEMBERSHIP CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRUSHBusinessNameControlTxt
Phone7655442600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12777 S 840 WAddressLine1Txt
CityMANILLACityNm
State AbbreviationINStateAbbreviationCd
ZIP46150ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRIS CHASTAINPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone7655442600PhoneNum
Signature2024-09-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEARL L RIDLENPreparerPersonNm
PTINP00987829PTIN
Phone3176344747PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSAM KINDERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12777 S 840 WAddressLine1Txt
CityMANILLACityNm
State AbbreviationINStateAbbreviationCd
ZIP46150ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$56,004,274GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressRSE.COOPWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionRUSHSHELBY ENERGY IS A DISTRIBUTION ELECTRIC COOPERATIVE PROVIDING SALES OF ELECTRICITY AND RELATED EQUIPMENT AND SERVICES TO MEMBERS OF OUR RURAL ELECTRIC MEMBERSHIP COOPERATIVE.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee53TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$50,255,260PYProgramServiceRevenueAmt
CY Program Service Revenue$54,021,730CYProgramServiceRevenueAmt
PY Investment Income$65,875PYInvestmentIncomeAmt
CY Investment Income$147,145CYInvestmentIncomeAmt
PY Other Revenue$1,320,736PYOtherRevenueAmt
CY Other Revenue$1,623,703CYOtherRevenueAmt
PY Total Revenue$51,641,871PYTotalRevenueAmt
CY Total Revenue$55,792,578CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$886,471PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$1,546,344CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,718,314PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,227,210CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$45,788,128PYOtherExpensesAmt
CY Other Expenses$49,373,474CYOtherExpensesAmt
PY Total Expenses$50,392,913PYTotalExpensesAmt
CY Total Expenses$54,147,028CYTotalExpensesAmt
PY Revenues Less Expenses$1,248,958PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,645,550CYRevenuesLessExpensesAmt
Total Assets BOY$106,961,014TotalAssetsBOYAmt
Total Assets EOY$108,293,851TotalAssetsEOYAmt
Total Liabilities BOY$57,584,673TotalLiabilitiesBOYAmt
Total Liabilities EOY$56,497,133TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$49,376,341NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$51,796,718NetAssetsOrFundBalancesEOYAmt
MissionRUSHSHELBY ENERGY IS A DISTRIBUTION ELECTRIC COOPERATIVE PROVIDING ELECTRICITY AND SERVICES TO THE MEMBERS OF OUR RURAL ELECTRIC MEMBERSHIP COOPERATIVEMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$54,147,028ExpenseAmt
Revenue$53,717,693RevenueAmt
DescDISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERSDesc
Total Program Service Expenses$54,147,028TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign ActyYes (1)PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document44IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee53EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Members And Shr Gross Income$54,021,730MembersAndShrGrossIncomeAmt
Other Sources Gross Income$1,770,848OtherSourcesGrossIncomeAmt
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SAM KINDER - VP ACCOUNTING & FINANCEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7655442600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12777 S 840 WAddressLine1Txt
CityMANILLACityNm
State AbbreviationINStateAbbreviationCd
ZIP46150ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
DEAN BACON
VICE PRESIDENT4.21Yes (X)Yes (X)$11,000$0$0
ANN SIPES
DIRECTOR3.96Yes (X)$10,400$0$0
MARK NIGH
DIRECTOR4.21Yes (X)$10,550$0$0
FRED SMITH
DIRECTOR7.13Yes (X)$9,800$0$0
BOB STROUP
DIRECTOR14.52Yes (X)$10,600$0$0
KEITH THEOBALD
DIRECTOR3.63Yes (X)$9,400$0$0
CHARLES SMITH
PRESIDENT7.13Yes (X)Yes (X)$12,400$0$0
BRUCE EVERHART
DIRECTOR4.66Yes (X)$12,350$0$0
JILL KOCH
SECRETARY7.43Yes (X)Yes (X)$9,050$0$0
CHRIS CHASTAIN
CEO47.18Yes (X)$206,022$0$84,718
SAM KINDER
CFO40.19Yes (X)$112,084$0$58,968
TONY ADKINS
LINEMAN - SERVICEMAN55.96$153,091$0$48,855Yes (X)
DAVID TOLL
VP - MARKETING & MEMBER SERVICES45.41$141,215$0$67,913Yes (X)
BRAD MEANS
VP - OPERATIONS48.39$136,565$0$67,202Yes (X)
NATHANIEL BEST
LINEMAN51.47$133,489$0$53,575Yes (X)
CAMERON COX
LINEMAN48.41$126,249$0$45,080Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,104,265TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$426,311TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K19IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ANIXTER POWER SOLUTIONS LLC
PO BOX 4851ORLANDOFL32802INVENTORY AND MATERIALS$1,688,451
TOWNSEND TREE SERVICE INC
PO BOX 7015MUNCIEIN47308LINE CLEARANCE$1,442,434
UNITED UTILITY SUPPLY
PO BOX 32170LOUISVILLEKY40232INVENTORY AND MATERIALS$769,806
ASPLUNDH TREE SERVICE
PO BOX 532729ATLANTAGA30353LINE CLEARANCE$755,324
ELECTRONIC STRATEGIES INC
8050 CASTLEWAY DRIVEINDIANAPOLISIN46250INFORMATION TECHNOLOGY$636,060
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K13CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ELECTRIC SALES221000$53,717,693$53,717,693
PENALTIES AND MISC REVENUE221000$304,037$304,037
FieldValueIRS element (for citing)
Total Program Service Revenue$54,021,730TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$214,782TotalRevenueColumnAmt
Related Or Exempt Func Income$214,782RelatedOrExemptFuncIncomeAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$125,297RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$7,807RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$117,490RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$117,490TotalRevenueColumnAmt
Related Or Exempt Func Income$117,490RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$16,933OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$84,570OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$67,637OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$67,637TotalRevenueColumnAmt
Related Or Exempt Func Income-$67,637RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$119,427GrossSalesOfInventoryAmt
Cost Of Goods Sold$119,319CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$108TotalRevenueColumnAmt
Related Or Exempt Func Income$108RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
G&T CAPITAL CREDIT ALLOCATIONS900001$1,258,805$1,258,805
OTHER CAPITAL CREDIT ALLOCATIONS900001$257,249$257,249

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column-$9,949TotalRevenueColumnAmt
Related Or Exempt Func Income-$9,949RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,506,105OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$55,792,578TotalRevenueColumnAmt
Related Or Exempt Func Income$55,792,578RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$1,546,344TotalAmt
Program Services$1,546,344ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$1,530,576TotalAmt
Program Services$1,530,576ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$888,635TotalAmt
Program Services$888,635ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$807,999TotalAmt
Program Services$807,999ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$54,676TotalAmt
Program Services$54,676ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$22,535TotalAmt
Program Services$22,535ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$323,324TotalAmt
Program Services$323,324ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$43,599TotalAmt
Program Services$43,599ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,997TotalAmt
Program Services$6,997ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$580,364TotalAmt
Program Services$580,364ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$360,184TotalAmt
Program Services$360,184ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$80,088TotalAmt
Program Services$80,088ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,821,968TotalAmt
Program Services$1,821,968ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$236,829TotalAmt
Program Services$236,829ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,691,495TotalAmt
Program Services$3,691,495ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$149,194TotalAmt
Program Services$149,194ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PURCHASED POWER$36,209,579$36,209,579
OPERATION, MAINT, AND C$2,742,213$2,742,213
RIGHT OF WAY$2,730,796$2,730,796
MISCELLANEOUS$303,629$303,629

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$16,004TotalAmt
Program Services$16,004ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$54,147,028TotalAmt
Program Services$54,147,028ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,184,383BOYAmt
EOY$3,228,130EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,505,583BOYAmt
EOY$3,806,813EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$161,193BOYAmt
EOY$96,716EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,572,218BOYAmt
EOY$2,320,377EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,210BOYAmt
EOY$137,892EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$95,011,720LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$24,808,283LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$69,647,148BOYAmt
EOY$70,203,437EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$27,430,335BOYAmt
EOY$28,057,769EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$458,944BOYAmt
EOY$442,717EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$106,961,014BOYAmt
EOY$108,293,851EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,382,839BOYAmt
EOY$5,441,003EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$53,106,263BOYAmt
EOY$51,011,005EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$95,571BOYAmt
EOY$45,125EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$57,584,673BOYAmt
EOY$56,497,133EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$73,252BOYAmt
EOY$70,829EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$3,575,616BOYAmt
EOY$3,880,714EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$45,727,473BOYAmt
EOY$47,845,175EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$49,376,341BOYAmt
EOY$51,796,718EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$106,961,014BOYAmt
EOY$108,293,851EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,645,550ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$774,826OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Political Expenditures$2,000PoliticalExpendituresAmt
Form1120 POL FiledYes (1)Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF RURAL ELECTRIFICATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line18888 KEYSTONE CROSSING SUITE 1600AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46240ZIPCd
FieldValueIRS element (for citing)
EIN351998087EIN
Paid Internal Funds$2,000PaidInternalFundsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I-A, LINE 1:FormAndLineReferenceDesc
ExplanationMONETARY DONATIONSExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$130,162OtherCostOrOtherBasisAmt
Book Value$130,162BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,909,277OtherCostOrOtherBasisAmt
Depreciation$1,491,153DepreciationAmt
Book Value$2,418,124BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$90,972,281OtherCostOrOtherBasisAmt
Depreciation$23,317,130DepreciationAmt
Book Value$67,655,151BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$70,203,437TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (10 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
CAPITAL CERTIFICATES - CFC$1,289,823C
INVESTMENT - CFC$1,798,754C
INVESTMENT - HOOSIER ENERGY$19,551,364C
INVESTMENT - IEC$110,033C
INVESTMENT - NISC$126,794C
INVESTMENT - NRTC$458,381C
FEDERATED INVESTMENT$182,972C
UNITED UTILITY INVESTMENT$150,809C
ALL OTHER INVESTEMENTS$388,839C
INVESTMENT IN CFC MEDIUM TERM NOTES$4,000,000C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$28,057,769TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
PREPAID CONSTRUCTION ADVANCE$43,742
MYSOLAR INVESTMENT$1,383
FieldValueIRS element (for citing)
Total Liability$45,125TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$55,792,578TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$55,792,578RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$55,792,578TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$54,147,028TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$54,147,028ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$54,147,028TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationRUSHSHELBY HAS ADOPTED ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE COOPERATIVE'S FORMS 990 FOR 2020 - 2022 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE INDIANA DEPARTMENT OF REVENUE. THE COOPERATIVE IS NOT CURRENTLY BEING EXAMINED BY THESE 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, 2023 AND 2022.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
CHRIS CHASTAIN
CEO$206,022$0$0$0$0$0$0$0$0$0$206,022$0$0$0
TONY ADKINS
LINEMAN - SERVICEMAN$153,091$0$0$0$0$0$0$0$0$0$153,091$0$0$0

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
MARK NIGH
SEE BELOW$214,453SEE BELOW0
BOB STROUP
SEE BELOW$36,161,047SEE BELOW0
BRUCE EVERHART
SEE BELOW$3,932,414SEE BELOW0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE L, PART IV, LINE 1INDIVIDUAL SITS AS A BOARD DIRECTOR FOR THE COOPERATIVE AND AS A BOARD DIRECTOR FOR INDIANA ELECTRIC COOPERATIVES (IEC). THE COOPERATIVE MAKES PAYMENTS TO IEC FOR DUES FEES, TRAINING AND OTHER SERVICES.
SCHEDULE L, PART IV, LINE 2INDIVIDUAL SITS AS A BOARD DIRECTOR FOR THE COOPERATIVE AND AS A BOARD DIRECTOR FOR HOOSIER ENERGY RURAL ELECTRIC COOPERATIVE (HOOSIER ENERGY). THE COOPERATIVE PURCHASES POWER FROM HOOSIER ENERGY.
SCHEDULE L, PART IV, LINE 3INDIVIDUAL SITS AS A BOARD DIRECTOR FOR THE COOPERATIVE AND AS A BOARD DIRECTOR FOR THE NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION (NRUCFC). THE COOPERATIVE HAS DEBT OBLIGATIONS AND INVESTMENTS WITH NRUCFC.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE MEMBERS OF THE REMC CONSIST OF THOSE WHO RECEIVE ELECTRICITY FROM THE CO-OP.
FORM 990, PART VI, SECTION A, LINE 7ATHE MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING BASED ON THE DISTRICT THEY LIVE IN.
FORM 990, PART VI, SECTION A, LINE 7BCERTAIN DECISIONS TO BE MADE BY THE BOARD OF DIRECTORS MUST BE APPROVED BY THE MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PRESENTED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW AT THE APPROPRIATE BOARD MEETING. PRIOR TO SUBMISSION THE CFO AND CEO REVIEW THE REPORT IN ITS ENTIRETY WITH THE BOARD CHARIMAN FOR APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD REVIEWS THE POLICIES REGULARLY AND EMPLOYEES ARE KEPT UP-TO-DATE.
FORM 990, PART VI, SECTION B, LINE 15RUSHSHELBY ENERGY USES THE NRECA COMPENSATION SURVEY AND INDIANA STATEWIDE SURVEY AS AN INDUSTRY GUIDE FOR DETERMINING COMPENSATION FOR CEO, KEY STAFF, AND ALL OTHER POSITIONS WITHIN THE ORGANIZATION.
FORM 990, PART VI, SECTION C, LINE 19CERTAIN FINANCIAL DOCUMENTS ARE POSTED ON OUR WEBSITE. AUDITED YEAR-END FINANCIAL STATEMENTS ARE PUBLISHED AND COMMUNICATED VIA OUR MONTHLY MEMBER NEWSLETTER OR AVAILABLE AT OUR ANNUAL MEETING. OTHER FINANCIAL DOCUMENTS MAY BE REQUESTED THROUGH THE MEMBER ACCESS POLICY. GOVERNANCE DOCUMENTS ARE AVAILABLE VIA THE MEMBER ACCESS POLICY.
FORM 990, PART XI, LINE 9:CHANGE IN MEMBERSHIPS -2,423. PATRONAGE CAPITAL CREDITS RETIRED ESTATES/GENERAL -762,829. CURRENT YEAR NET MARGINS ALLOCATED TO MEMBERS 1,546,344. OTHER COMPREHENSIVE INCOME -6,266.
FORM 990, PART XII, LINCE 2CTHE PROCESS HAS NOT CHANGED FROM PRIOR YEAR IN REGARDS TO THE OVERSIGHT OR SELECTION PROCESS.

Schedule R IRS990ScheduleR

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1RSE PROPANEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12777 S 840 W PO BOX 55AddressLine1Txt
CityMANILLACityNm
State AbbreviationINStateAbbreviationCd
ZIP46150ZIPCd
FieldValueIRS element (for citing)
EIN352074729EIN
Legal Domicile StateINLegalDomicileStateCd
Share Of Total Income$47,852ShareOfTotalIncomeAmt
Share Of EOY Assets$361,253ShareOfEOYAssetsAmt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd
Ownership0.50000OwnershipPct

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1RSE SERVICESBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12777 S 840 W PO BOX 55AddressLine1Txt
CityMANILLACityNm
State AbbreviationINStateAbbreviationCd
ZIP46150ZIPCd
FieldValueIRS element (for citing)
EIN352072382EIN
Legal Domicile StateINLegalDomicileStateCd
Share Of Total Income$21,880ShareOfTotalIncomeAmt
Share Of EOY Assets$197,706ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd