2024-09-06T13:41:35-05:00 2023-12-31 363163136 LWG CPAS & ADVISORS 1776 N MERIDIAN ST STE 500 INDIANAPOLIS IN 46202 990 2023-01-01 352068789 RUSHSHELBY ENERGY RURAL ELECTRIC MEMBERSHIP CORPORATION RUSH 7655442600 2777 S 840 W MANILLA IN 46150 CHRIS CHASTAIN PRESIDENT & CEO 7655442600 2024-09-06 1 0 EARL L RIDLEN P00987829 3176344747 2023 2024-08-08 14:25:15Z SAM KINDER 2777 S 840 W MANILLA IN 46150 56004274 0 X RSE.COOP X 1999 IN RUSHSHELBY ENERGY IS A DISTRIBUTION ELECTRIC COOPERATIVE PROVIDING SALES OF ELECTRICITY AND RELATED EQUIPMENT AND SERVICES TO MEMBERS OF OUR RURAL ELECTRIC MEMBERSHIP COOPERATIVE. 9 0 53 0 0 0 0 0 50255260 54021730 65875 147145 1320736 1623703 51641871 55792578 0 0 886471 1546344 3718314 3227210 0 0 0 45788128 49373474 50392913 54147028 1248958 1645550 106961014 108293851 57584673 56497133 49376341 51796718 RUSHSHELBY ENERGY IS A DISTRIBUTION ELECTRIC COOPERATIVE PROVIDING ELECTRICITY AND SERVICES TO THE MEMBERS OF OUR RURAL ELECTRIC MEMBERSHIP COOPERATIVE 0 0 54147028 53717693 DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS 54147028 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 44 0 53 1 0 0 0 0 0 0 0 54021730 1770848 0 0 0 X 9 0 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 IN X SAM KINDER - VP ACCOUNTING & FINANCE 7655442600 2777 S 840 W MANILLA IN 46150 DEAN BACON VICE PRESIDENT 4.21 X X 11000 0 0 ANN SIPES DIRECTOR 3.96 X 10400 0 0 MARK NIGH DIRECTOR 4.21 X 10550 0 0 FRED SMITH DIRECTOR 7.13 X 9800 0 0 BOB STROUP DIRECTOR 14.52 X 10600 0 0 KEITH THEOBALD DIRECTOR 3.63 X 9400 0 0 CHARLES SMITH PRESIDENT 7.13 X X 12400 0 0 BRUCE EVERHART DIRECTOR 4.66 X 12350 0 0 JILL KOCH SECRETARY 7.43 X X 9050 0 0 CHRIS CHASTAIN CEO 47.18 X 206022 0 84718 SAM KINDER CFO 40.19 X 112084 0 58968 TONY ADKINS LINEMAN - SERVICEMAN 55.96 X 153091 0 48855 DAVID TOLL VP - MARKETING & MEMBER SERVICES 45.41 X 141215 0 67913 BRAD MEANS VP - OPERATIONS 48.39 X 136565 0 67202 NATHANIEL BEST LINEMAN 51.47 X 133489 0 53575 CAMERON COX LINEMAN 48.41 X 126249 0 45080 1104265 0 426311 19 0 1 0 ANIXTER POWER SOLUTIONS LLC PO BOX 4851 ORLANDO FL 32802 INVENTORY AND MATERIALS 1688451 TOWNSEND TREE SERVICE INC PO BOX 7015 MUNCIE IN 47308 LINE CLEARANCE 1442434 UNITED UTILITY SUPPLY PO BOX 32170 LOUISVILLE KY 40232 INVENTORY AND MATERIALS 769806 ASPLUNDH TREE SERVICE PO BOX 532729 ATLANTA GA 30353 LINE CLEARANCE 755324 ELECTRONIC STRATEGIES INC 8050 CASTLEWAY DRIVE INDIANAPOLIS IN 46250 INFORMATION TECHNOLOGY 636060 13 ELECTRIC SALES 221000 53717693 53717693 PENALTIES AND MISC REVENUE 221000 304037 304037 54021730 214782 214782 125297 7807 117490 117490 117490 16933 84570 -67637 -67637 -67637 119427 119319 108 108 G&T CAPITAL CREDIT ALLOCATIONS 900001 1258805 1258805 OTHER CAPITAL CREDIT ALLOCATIONS 900001 257249 257249 -9949 -9949 1506105 55792578 55792578 0 0 1546344 1546344 1530576 1530576 888635 888635 807999 807999 54676 54676 22535 22535 323324 323324 43599 43599 6997 6997 580364 580364 360184 360184 80088 80088 1821968 1821968 236829 236829 3691495 3691495 149194 149194 PURCHASED POWER 36209579 36209579 OPERATION, MAINT, AND C 2742213 2742213 RIGHT OF WAY 2730796 2730796 MISCELLANEOUS 303629 303629 16004 16004 54147028 54147028 0 0 3184383 3228130 4505583 3806813 161193 96716 1572218 2320377 1210 137892 95011720 24808283 69647148 70203437 27430335 28057769 458944 442717 106961014 108293851 4382839 5441003 53106263 51011005 95571 45125 57584673 56497133 X 73252 70829 3575616 3880714 45727473 47845175 49376341 51796718 106961014 108293851 X 1645550 774826 X X 1 X 1 X 1 0 2000 1 FRIENDS OF RURAL ELECTRIFICATION 8888 KEYSTONE CROSSING SUITE 1600 INDIANAPOLIS IN 46240 351998087 2000 PART I-A, LINE 1: MONETARY DONATIONS 130162 130162 3909277 1491153 2418124 90972281 23317130 67655151 70203437 CAPITAL CERTIFICATES - CFC 1289823 C INVESTMENT - CFC 1798754 C INVESTMENT - HOOSIER ENERGY 19551364 C INVESTMENT - IEC 110033 C INVESTMENT - NISC 126794 C INVESTMENT - NRTC 458381 C FEDERATED INVESTMENT 182972 C UNITED UTILITY INVESTMENT 150809 C ALL OTHER INVESTEMENTS 388839 C INVESTMENT IN CFC MEDIUM TERM NOTES 4000000 C 28057769 PREPAID CONSTRUCTION ADVANCE 43742 MYSOLAR INVESTMENT 1383 45125 X 55792578 0 55792578 0 55792578 54147028 0 54147028 0 54147028 PART X, LINE 2: RUSHSHELBY 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. X X X 0 0 0 CHRIS CHASTAIN CEO 206022 0 0 0 0 0 0 0 0 0 206022 0 0 0 TONY ADKINS LINEMAN - SERVICEMAN 153091 0 0 0 0 0 0 0 0 0 153091 0 0 0 MARK NIGH SEE BELOW 214453 SEE BELOW 0 BOB STROUP SEE BELOW 36161047 SEE BELOW 0 BRUCE EVERHART SEE BELOW 3932414 SEE BELOW 0 SCHEDULE L, PART IV, LINE 1 INDIVIDUAL 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 2 INDIVIDUAL 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 3 INDIVIDUAL 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. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE REMC CONSIST OF THOSE WHO RECEIVE ELECTRICITY FROM THE CO-OP. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING BASED ON THE DISTRICT THEY LIVE IN. 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 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 12C THE BOARD REVIEWS THE POLICIES REGULARLY AND EMPLOYEES ARE KEPT UP-TO-DATE. FORM 990, PART VI, SECTION B, LINE 15 RUSHSHELBY 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 19 CERTAIN 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 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR IN REGARDS TO THE OVERSIGHT OR SELECTION PROCESS. RSE PROPANE 2777 S 840 W PO BOX 55 MANILLA IN 46150 352074729 IN 47852 361253 0 0 0.50000 RSE SERVICES 2777 S 840 W PO BOX 55 MANILLA IN 46150 352072382 IN 21880 197706 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0