2024-11-12T14:03:08-06:00 2023-12-31 351515068 MONROE SHINE & CO INC CPA'S PO BOX 1407 NEW ALBANY IN 471511407 990 2023-01-01 350420295 JASPER COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION JASP 2198664601 PO BOX 129 RENSSELAER IN 47978 JON RICH CEO/GENERAL MANAGER 2198664601 2024-11-12 1 1 CHRISTOPHER M HAWKINS CPA P01291231 8129452311 2023 2024-10-15 13:58:12Z SAME AS ABOVE JON RICH PO BOX 129 RENSSELAER IN 47978 32945077 0 X WWW.JASPERREMC.COM X 1938 IN DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 8,600 MEMBERS ON A COOPERATIVE BASIS. 7 7 42 0 0 0 0 0 31333551 31993570 18888 27573 792801 923934 32145240 32945077 0 0 1334881 824681 3683416 3934523 0 0 0 27126943 28185873 32145240 32945077 0 0 59933051 61656311 27966488 29152670 31966563 32503641 JASPER COUNTY REMC EXISTS TO PROVIDE RELIABLE ELECTRIC SERVICE TO ITS MEMBERS AND MEET THEIR COLLECTIVE ENERGY NEEDS. WE ARE COMMITTED TO MEMBER SATISFACTION, SERVICE EXCELLENCE AND BEING A RESPONSIBLE CITIZEN IN OUR COMMUNITY. 0 0 DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 8,600 MEMBERS ON A COOPERATIVE BASIS. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 1 42 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31993570 240061 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X BLAIN CARROLL 2198664601 280 E WOOD ROAD RENSSELAER IN 47978 BART A NESIUS PRESIDENT 7.04 X 27942 0 0 DAIN A HAYWORTH VICE-PRESIDENT 7.68 X 28800 0 0 MARK HURLEY SECRETARY/TREASURER 5.37 X 26850 0 0 MARK KINGMA DIRECTOR 2.37 X 28650 0 0 DAVID R DUTTLINGER DIRECTOR 10.97 X 30900 0 0 KERRY MILLER DIRECTOR 6.27 X 27150 0 0 JOANN MCELFRESH DIRECTOR 7.70 X 29250 0 0 JONATHON RICH CEO/GENERAL MANAGER 40.00 X 140361 0 77353 KENNETH GERHARDT DIR. OF ENGINEERING & OPER 40.00 X 116732 0 44965 MICHAEL WIVOET JOURNEYMAN LINEMAN 44.90 X 111755 0 20691 BRADEN MATTOCKS 1ST CLASS LINEMAN 45.60 X 119288 0 20471 CHAD WITHERINGTON 1ST CLASS LINEMAN 44.40 X 116023 0 22671 ADAM BLACK JOURNEYMAN LINEMAN 45.40 X 110086 0 29888 913787 0 216039 12 0 1 0 VANTAGE POINT SOLUTIONS INC 2211 N MINNESOTA ST MITCHELL SD 57301 ENGINEERING AND DESIGN SERVICES 1370994 KUIPER VEGETATION MANGEMENT LLC 6390W 1000N DE MOTTE IN 46310 TREE TRIMMING 301349 MINT CITY UNDERGROUND LLC 1808 DOGWOOD RD BREMEN IN 46506 UNDERGROUND LINE WORK 150628 KV ELECTRIC 9190 W 1100 N DE MOTTE IN 46310 TRENCHING SERVICES 128746 PULSE BROADBAND LLC 3838 N MAIN ST MISHAWAKA IN 46544 FIBER INTERNET 126410 5 ELECTRIC REVENUE 221000 31993570 31993570 31993570 27573 27573 96684 0 96684 96684 96684 PATRONAGE CAPITAL 221000 827250 827250 827250 32945077 32820820 0 124257 824681 1129826 2020386 206088 412834 165389 1049655 1708256 COST OF POWER 23106428 DISTRIBUTION EXPENSE 1152914 ADMINISTRATIVE AND GENE 705833 CONSUMER ACCOUNTS 489194 -26407 32945077 490822 1567572 7436458 2500790 988449 1620442 1232281 1105306 54693567 14784133 38195165 39909434 11589876 14952767 59933051 61656311 7970133 2439150 18182308 24750406 1814047 1963114 27966488 29152670 X 0 0 0 0 31966563 32503641 31966563 32503641 59933051 61656311 X 0 537078 X X 0 0 0 2600 2600 2600 1 INDIANA FORE - POLITICAL ACTION 8888 KEYSTONE CROSSING SUITE 1600 INDIANAPOLIS IN 46240 351998087 2000 ELECT KENDELL CULP STATE REPRESENTATIVE 3496 S 150 W RENSSELAER IN 47978 600 PART I-A, LINE 1: JASPER COUNTY REMC DONATED $2,000 TO INDIANA FORE, A POLITICAL ACTION GROUP WORKING IN THE INTEREST OF RURAL UTILITIES, AND $600 TO THE CAMPAIGN TO ELECT KENDELL CULP FOR STATE REPRESENATIVE. 231725 231725 1722931 1618106 104825 8279186 2785050 5494136 44459725 10380977 34078748 39909434 PATRONAGE CAPITAL IN ASSOCIATED ORGANIZATIONS 6684621 C PATRONAGE CAPITAL IN WABASH VALLEY POWER ALLIANCE - WHOLESALE POWER SUPPLIER 8268146 C 14952767 CONSUMER DEPOSITS 1073190 CUSTOMER ADVANCES FOR CONSTRUCTION 889924 1963114 X PART X, LINE 2: THE UTILITY 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 UTILITY IS ALSO EXEMPT FROM THE INDIANA UTILITY RECEIPTS TAX UNDER IC 6-2.1-3-33. THE UTILITY HAS ADOPTED ASC TOPIC 740, INCOME TAXES, AS IT RELATES TO UNCERTAIN TAX POSITIONS. THE UTILITY IS NOT CURRENTLY BEING EXAMINED BY ANY TAX JURISDICTIONS AND MANAGEMENT BELIEVES ITS TAX-EXEMPT STATUS WOULD BE UPHELD UNDER EXAMINATION. NO PROVISION FOR UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED AT DECEMBER 31, 2023. X X 0 0 0 JONATHON RICH CEO/GENERAL MANAGER 140361 0 0 0 0 0 0 0 77353 0 217714 0 0 0 KENNETH GERHARDT DIR. OF ENGINEERING & OPER 116732 0 0 0 0 0 0 0 44965 0 161697 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 JASPER COUNTY REMC IS A COOPERATIVE OWNED BY APPROXIMATELY 8,600 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 ALL GOVERNANCE DECISIONS ARE SUBJECT TO APPROVAL BY THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR AND OFFICER ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS SET AND APPROVE THE CHIEF EXECUTIVE OFFICER'S SALARY USING THE NRECA ANNUAL COMPENSATION SURVEY AS A GUIDE. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, THE ANNUAL REPORT AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: 2023 MARGINS ALLOCATED TO MEMBERS 824,681. RETIREMENT OF MEMBER PARTONAGE CAPITAL -330,831. REALLOCATION OF UNCLAIMED PATRONAGE CAPITAL RETIREMENT 43,228. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR