2025-05-13T11:13:45-07:00 2024-12-31 990 2024-01-01 350491815 MARSHALL COUNTY RURAL ELECTRIC MEMBERSHIP CORP MARS 5749363161 11299 12TH ROAD PLYMOUTH IN 46563 Naomi Podlesak Chief Financial Officer 5749363161 2025-03-31 1 2024 2025-03-06 01:10:19Z Naomi Podlesak PO Box 250 Plymouth IN 465630250 19412429 0 X WWW.MARSHALLREMC.COM X 1936 IN THE PURPOSE OF MARSHALL COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION IS TO DISTRIBUTE ELECTRIC ENERGY TO ITS MEMBERS AT THE LOWEST COST CONSISTANT WITH SOUND ECONOMIC MANAGEMENT. 7 7 22 0 0 0 0 0 18278930 18788093 26966 25898 266857 545406 18572753 19359397 0 0 0 0 765047 1180356 0 0 0 15524357 15728470 16289404 16908826 2283349 2450571 63106946 66729495 29399164 30623904 33707782 36105591 THE PURPOSE OF MARSHALL COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION IS TO DISTRIBUTE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTANT WITH SOUND ECONOMIC MANAGEMENT. 0 0 16908826 19359397 DISTRIBUTION OF ELECTRICITY ON A COOPERATIVE BASIS. 0 0 0 16908826 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 31 0 0 22 1 0 0 0 0 0 18661861 190828 0 0 0 X 7 7 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 1 1 1 1 IN X NAOMI PODLESAK 5749363161 11299 12TH ROAD PLYMOUTH IN 46563 David Lewallen CEO/President 40 0 X X 147704 0 55098 Kenneth Eggleston Lineman 40 0 X 137272 0 50056 Christopher Ennis Lineman 40 0 X 132609 0 50056 Christopher Lawler Lineman 40 0 X 129359 0 50056 Joshua VanVactor Lineman 40.0 0 X 128591 0 50056 Zachary Booker Lineman 40 0 X 131936 0 42800 Naomi Podlesak CFO 40 0 X 103322 0 48499 Dr Richard Leeper Director - Chairman 7 6 X X 16641 13850 0 Jon Rettinger Director - Treasurer/Secretary 6 6 X X 16781 13500 0 Ryan Sieber Director 2 0 X 16287 0 0 Robin Roberts Director 2 0 X 16278 0 0 Mikel Large Director - Vice-Chairman 2 0 X X 16268 0 0 Andy Lemler Director 2 0 X 16064 0 0 Melinda Overmeyer Director 2 0 X 12569 0 0 Steven Ringer Director 2 0 X X 3750 0 0 1025431 27350 346621 10 1 1 1 Electricom PO Box 319 Paoli IN 47454 Utility Pole Replacement 1119681 Mint City Utility PO Box 210 Bremen IN 46506 Trimmed Trees/Spray 608880 Lintec Services LLC 19820 North 7th Ave Suite 120 Pheonix AZ 85027 Replace Utility Poles 525540 Alpha Engineering 7760 W New York St Indianapolis IN 46214 Engineering Consultant 322137 Lewis Backhoe Inc 1737 E 700 N Rochester IN 46975 Backhoe Services 122138 4 0 Electric Sales 221000 18788093 18788093 0 0 0 0 0 0 18788093 25898 0 0 25898 0 0 0 0 0 0 0 0 153073 0 0 0 153073 0 153073 153073 0 0 0 0 13351 53032 -39681 -39681 0 0 Miscellaneous Revenue 523000 432014 0 0 432014 0 0 0 0 432014 19359397 18901485 0 457912 1180356 959585 1542832 Purchased Power 9718915 Operations & Maintenance 1872323 Customer Service 456732 General & Administrative 727855 450228 16908826 0 0 0 374880 598488 511429 488854 0 0 1556541 1735291 0 0 0 0 0 0 1710772 1095386 1417112 1277741 53664479 6104409 44946519 47560070 12589693 13973665 63106946 66729495 1716091 1956165 0 0 0 0 0 0 0 0 0 0 27678732 28663516 0 0 4341 4223 29399164 30623904 X 113749 111499 109531 109531 33484502 35884561 33707782 36105591 63106946 66729495 X 2450571 0 0 0 0 -52762 X 0 1 0 0 76621 0 76621 4590971 0 3081551 1509420 0 0 0 0 48996887 0 3022858 45974029 0 0 0 0 47560070 Investment in Associated Organizations 13973665 13973665 Deferred Credits 4223 4223 X X 0 0 0 David Lewallen CEO/President 140269 0 0 0 7434 0 0 0 55098 0 202801 0 0 0 Kenneth Eggleston Lineman 136229 0 0 0 1043 0 0 0 50056 0 187328 0 0 0 Christopher Ennis Lineman 132156 0 0 0 454 0 0 0 50056 0 182666 0 0 0 Joshua VanVactor Lineman 128137 0 0 0 454 0 0 0 50056 0 178647 0 0 0 Zachary Booker Lineman 131580 0 0 0 363 0 0 0 42800 0 174743 0 0 0 Christopher Lawler Lineman 128950 0 0 0 408 0 0 0 50056 0 179414 0 0 0 Naomi Podlesak CFO 102692 0 0 0 630 0 0 0 48499 0 151821 0 0 0 Dr Richard Leeper Director - Chairman 15600 13850 0 0 1041 0 0 0 0 0 16641 13850 0 0 Jon Rettinger Director - Treasurer/Secretary 16000 13500 0 0 781 0 0 0 0 0 16781 13500 0 0 Mikel Large Director - Vice-Chairman 16000 0 0 0 268 0 0 0 0 0 16268 0 0 0 Robin Roberts Director 16000 0 0 0 278 0 0 0 0 0 16278 0 0 0 Andy Lemler Director 16000 0 0 0 64 0 0 0 0 0 16064 0 0 0 Ryan Sieber Director 16000 0 0 0 287 0 0 0 0 0 16287 0 0 0 Melinda Overmeyer Director 12250 0 0 0 319 0 0 0 0 0 12569 0 0 0 Steven Ringer Director 3750 0 0 0 0 0 0 0 0 0 3750 0 0 0 Dr Richard Leeper See Below 225244 Director 0 Jon Rettinger See Below 9513704 Director 0 Schedule L, Part IV Dr Richard Leeper is a board member for both Marshall County REMC and Indiana Electric Cooperatives (IEC). IEC provides training and other services to Marshall. Compensation from IEC to the board member was $13,850. Jon Rettinger is board member for both Marshall County REMC and Wabash Valley Power Association. Marshall purchases power from Wabash. Compensation from IEC to the board member was $13,500. Form 990, Part VI, Section A, Line 7a Members vote annually on Board of Directors in accordance with the bylaws of the cooperative. Form 990, Part VI, Section B, Line 11b Form 990 was prepared by the CFO and was reviewed by the board of directors and CEO of the cooperative prior to submittal to IRS. Form 990, Part VI, Section B, Line 12c When a new director is elected, a conflict of interest form is signed. Form 990, Part VI, Section B, Line 15 Data from NRECA, as well as, local data is used in considering job pay since 2022. All non-union pay and/or pay increases are done the same with discussions with the manager and CEO. The CEO pay is determined by the Board of Directors with given NRECA and local data provided by the CFO. Union employees are paid based on the CBA. Form 990, Part VI, Section C, Line 19 Member handbook and bylaws are distributed to the new members or available upon request. Form 990, Part XI, Line 9 Change in Memberships = $2,250, Capital Credit Retirement Payments (return of margins to members) = $50,510, rounding = $2 MARSHALL COUNTY RURAL DEVELOPMENT CORPORATION 11299 12TH ROAD PLYMOUTH IN 46563 823650478 GRANT DEVELOPMENT IN N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0