TIPMONT RURAL ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- TIPMONT RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 35-0711159)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202433209349306913
- Schema version
- 2023v5.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T10:52:19-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 311413363 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BHM CPA GROUP INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 E CAMPUS VIEW BLVD STE 300 | AddressLine1Txt |
| City | COLUMBUS | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 43235 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350711159 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIPMONT RURAL ELECTRIC MEMBERSHIP | BusinessNameLine1Txt |
| Business Name Line2 | CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TIPM | BusinessNameControlTxt |
| Phone | 8007263953 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 403 S MAIN STREET | AddressLine1Txt |
| City | LINDEN | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 47955 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RONALD L HOLCOMB | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 8007263953 | PhoneNum |
| Signature | 2024-11-06 | SignatureDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RYAN C HIXENBAUGH CPA | PreparerPersonNm |
| PTIN | P01052454 | PTIN |
| Phone | 6143895775 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RONALD L HOLCOMB | PrincipalOfficerNm |
| Gross Receipts | $86,383,415 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.TIPMONT.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | DISTRIBUTION OF ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 137 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $77,915,962 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $83,479,530 | CYProgramServiceRevenueAmt |
| PY Investment Income | $69,012 | PYInvestmentIncomeAmt |
| CY Investment Income | $128,796 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,482,084 | PYOtherRevenueAmt |
| CY Other Revenue | $2,775,089 | CYOtherRevenueAmt |
| PY Total Revenue | $79,467,058 | PYTotalRevenueAmt |
| CY Total Revenue | $86,383,415 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,945,156 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $3,845,024 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,558,240 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $75,903,968 | PYOtherExpensesAmt |
| CY Other Expenses | $82,481,254 | CYOtherExpensesAmt |
| PY Total Expenses | $79,407,364 | PYTotalExpensesAmt |
| CY Total Expenses | $86,326,278 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $59,694 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $57,137 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $254,841,288 | TotalAssetsBOYAmt |
| Total Assets EOY | $277,633,776 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $171,318,268 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $190,489,885 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $83,523,020 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $87,143,891 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DISTRIBUTION OF ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $86,326,278 | ExpenseAmt |
| Revenue | $86,383,415 | RevenueAmt |
| Desc | DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 25, 267 MEMBERS ON A COOPERATIVE BASIS. | Desc |
| Total Program Service Expenses | $86,326,278 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (true) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 73 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 137 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Members And Shr Gross Income | $83,479,530 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,903,885 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DOUGLAS L MARTIN | PersonNm |
| Phone | 8007263953 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 403 S MAIN ST | AddressLine1Txt |
| City | LINDEN | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 47955 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| RONALD L HOLCOMB | |||||||
| PRESIDENT & | 55.00 | Yes (X) | $381,023 | $0 | $71,561 | ||
| JENNIFER RUFATTO | |||||||
| CMO | 50.00 | Yes (X) | $263,722 | $0 | $38,395 | ||
| JEREMY KONKLE | |||||||
| COO | 50.00 | Yes (X) | $259,289 | $0 | $29,305 | ||
| TRAVIS L BAILEY | |||||||
| TECHNOLOGY I | 40.00 | $200,879 | $0 | $28,891 | Yes (X) | ||
| JASON M MONROE | |||||||
| CUSTOMER EXP | 40.00 | $217,496 | $0 | $11,586 | Yes (X) | ||
| DOUGLAS L MARTIN | |||||||
| VP, FINANCE | 40.00 | $200,722 | $0 | $27,592 | Yes (X) | ||
| JOSEPH P KLINE | |||||||
| DIRECTOR OF | 40.00 | $153,008 | $0 | $50,255 | Yes (X) | ||
| CHRISTOPHER BLAISDELL | |||||||
| SYSTEM ENGIN | 40.00 | $154,236 | $0 | $40,801 | Yes (X) | ||
| LARRY E CARLSON | |||||||
| DIRECTOR | 9.00 | $44,365 | $0 | $0 | Yes (X) | ||
| ROBERT J BAKER | |||||||
| DIRECTOR | 25.00 | $42,245 | $0 | $0 | Yes (X) | ||
| KIRK ALTER | |||||||
| SECRETARY/TR | 15.00 | $32,340 | $0 | $0 | Yes (X) | ||
| JANET HARLOW | |||||||
| DIRECTOR | 8.00 | $17,122 | $0 | $0 | Yes (X) | ||
| LYNN BECK | |||||||
| VICE CHAIRMA | 20.00 | $16,926 | $0 | $0 | Yes (X) | ||
| BRANDON S BIBLE | |||||||
| CHAIRMAN | 7.00 | $16,481 | $0 | $0 | Yes (X) | ||
| WESLEY STOCKDALE | |||||||
| DIRECTOR | 7.00 | $12,596 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,012,450 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $298,386 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 36 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BERRY IT INC | |||||
| 4316 N 00 EW | KOKOMO | IN | 46901 | SMART GRID CONT | $13,322,503 |
| HOOSIER EDISON LINE COMPANY | |||||
| 4301 N 88 W | SHARPSVILLE | IN | 46068 | ELECTRICAL CONT | $4,105,325 |
| ELECTRICOM LLC | |||||
| PO BOX 319 | PAOLI | IN | 47454 | ELECTRICAL CONT | $2,007,672 |
| MINT CITY TREE SERVICES LLC | |||||
| PO BOX 210 | BREMEN | IN | 46506 | TREE TRIMMING | $1,698,818 |
| USIC LOCATING SVCS INC | |||||
| PO BOX 715409 | CINCINNATI | OH | 45271 | ELECTRICAL CONT | $680,026 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ELECTRIC REVENUE | 222100 | $77,628,864 | $77,628,864 |
| SMART GRID REVENUE | 517000 | $5,850,666 | $5,850,666 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $83,479,530 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $128,796 | TotalRevenueColumnAmt |
| Exclusion | $128,796 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $195,405 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $195,405 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $195,405 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $195,405 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| PATRONAGE REVENUE | 221000 | $2,379,456 | $2,379,456 | |
| OTHER CAPITAL CREDITS | 221000 | $143,091 | $143,091 | |
| TIPMONT HOLDING INC. | 221000 | $57,137 | $57,137 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $2,579,684 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $86,383,415 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $86,197,482 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $185,933 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,845,024 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,581,423 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,730,843 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $47,980,317 |
| OPERATIONS AND MAINTENANC | $11,245,144 |
| GENERAL AND ADMINISTRATIV | $5,736,531 |
| CONSUMER ACCOUNT EXPENSE | $4,203,774 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,222 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,326,278 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,980,135 | BOYAmt |
| EOY | $3,650,563 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,055,243 | BOYAmt |
| EOY | $12,416,117 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,767,730 | BOYAmt |
| EOY | $4,189,442 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,050 | BOYAmt |
| EOY | $125,950 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $266,713,889 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $54,101,725 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $193,487,434 | BOYAmt |
| EOY | $212,612,164 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $41,560,331 | BOYAmt |
| EOY | $43,863,333 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $848,365 | BOYAmt |
| EOY | $776,207 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $254,841,288 | BOYAmt |
| EOY | $277,633,776 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,730,882 | BOYAmt |
| EOY | $15,692,926 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,922,219 | BOYAmt |
| EOY | $154,243,771 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,665,167 | BOYAmt |
| EOY | $20,553,188 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $171,318,268 | BOYAmt |
| EOY | $190,489,885 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,785 | BOYAmt |
| EOY | $99,785 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,423,235 | BOYAmt |
| EOY | $87,044,106 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $83,523,020 | BOYAmt |
| EOY | $87,143,891 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $254,841,288 | BOYAmt |
| EOY | $277,633,776 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $57,137 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $3,563,734 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | false | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $3,000 | PoliticalExpendituresAmt |
| Expended527 Activities | $3,000 | Expended527ActivitiesAmt |
| Total Exempt Function Expend | $3,000 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (true) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INDIANA FORE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8888 KEYSTONE CROSSING | AddressLine1Txt |
| Address Line2 | SUITE 1600 | AddressLine2Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46240 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351998087 | EIN |
| Paid Internal Funds | $3,000 | PaidInternalFundsAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE C, PART I-B, LINE 4 | FormAndLineReferenceDesc |
| Explanation | MONETARY DONATIONS | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $867,818 | OtherCostOrOtherBasisAmt |
| Book Value | $867,818 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,228,448 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,935,145 | DepreciationAmt |
| Book Value | $3,293,303 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $259,617,623 | OtherCostOrOtherBasisAmt |
| Depreciation | $51,166,580 | DepreciationAmt |
| Book Value | $208,451,043 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $212,612,164 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| VENDOR COOPERATIVES | $22,197,565 | C |
| WABASH VALLEY POWER | $21,665,768 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $43,863,333 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| LINE OF CREDIT | $16,207,504 |
| CUSTOMER DEPOSITS | $1,918,431 |
| ACCUM POST-RETIREMENT OBLIGATION | $1,762,767 |
| OTHER DEFERRED COSTS | $568,842 |
| FINANCE LEASE OBLIGATION | $95,644 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $20,553,188 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $86,383,415 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $86,383,415 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $86,383,415 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $82,481,254 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $82,481,254 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,845,024 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,845,024 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $86,326,278 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE COOPERATIVE COMPLIES WITH ASC 740-10 RELATED TO UNCERTAIN TAX POSITIONS. ASC 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS TAKEN BY THE COOPERATIVE ON ITS TAX RETURNS THAT THEY CONSIDER TO BE UNCERTAIN OR THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. TAX RETURNS FOR THE YEARS ENDED 2020, 2021, AND 2022 ARE STILL OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | 2023 MARGINS ALLOCATED TO MEMBERS 3,845,024 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (8 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| RONALD L HOLCOMB | ||||
| PRESIDENT & CEO | $381,023 | $34,260 | $37,301 | $452,584 |
| JENNIFER RUFATTO | ||||
| CMO | $263,722 | $10,448 | $27,947 | $302,117 |
| JEREMY KONKLE | ||||
| COO | $259,289 | $29,305 | $288,594 | |
| TRAVIS L BAILEY | ||||
| TECHNOLOGY INNOVATIO | $200,879 | $28,891 | $229,770 | |
| JASON M MONROE | ||||
| CUSTOMER EXPERIENCE | $217,496 | $10,834 | $752 | $229,082 |
| DOUGLAS L MARTIN | ||||
| VP, FINANCE & ADMIN | $200,722 | $27,592 | $228,314 | |
| JOSEPH P KLINE | ||||
| DIRECTOR OF OUTSIDE | $153,008 | $22,500 | $27,755 | $203,263 |
| CHRISTOPHER BLAISDELL | ||||
| SYSTEM ENGINEERING M | $154,236 | $13,645 | $27,156 | $195,037 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PAGE 1, PART I, LINE 1B | FormAndLineReferenceDesc |
| Explanation | COOPERATIVE DOES NOT PAY OR REIMBURSE THE ABOVE ITEMS IN 1A. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 6 | THE MEMBERS OF THE REMC CONSIST OF THOSE WHO RECEIVE ELECTRICITY FROM THE CO-OP |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING DEPENDING ON THE DISTRICT THEY LIVE IN. |
| FORM 990, PAGE 6, PART VI, LINE 7B | CERTAIN DECISIONS TO BE MADE BY THE BOARD OF DIRECTORS MUST BE APPROVED BY THE MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | 990 WILL BE REIVEWED DURING A BOARD MEETING BEFORE IT IS FILED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE BOARD REVIEWS THE POLICIES REGULARLY AND EMPLOYEES ARE KEPT UP TO DATE. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE ENTIRE BOARD USED A COMPENSATION STUDY OF OTHER MANAGER'S AND THE SIZE OF THEIR CO-OP. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE ENTIRE BOARD USED A COMPENSATION STUDY OF OTHER MANAGER'S AND THE SIZE OF THEIR CO-OP. |
| FORM 990, PAGE 6, PART VI, 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. |
| FORM 990, PART XI, LINE 9 | 2023 MARGINS ALLOCATED 3,845,024 CHANGE IN MEMBERSHIPS -2,825 NET RETIREMENT, REASSIGNMENT, RECLAMATION OF PATRO -33,054 OTHER COMPREHENSIVE INCOME/LOSS -245,411 TOTAL 3,563,734 |
| FORM 990, PAGE 12, PART XII, LINE 2C | FINAL REPORT IS PRESENTED DIRECTLY TO BOARD FOR REVIEW. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIPMONT HOLDING INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 20 | AddressLine1Txt |
| City | LINDEN | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 479550020 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 352080863 | EIN |
| Primary Activities | SUBSIDIARY | PrimaryActivitiesTxt |
| Legal Domicile State | IN | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIPMONT RE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C CORP | EntityTypeTxt |
| Share Of Total Income | $57,137 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $21,929,585 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |