KOSCIUSKO RURAL ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2021
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- Organization
- KOSCIUSKO RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 35-0449575)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-03
- IRS object ID
- 202223079349300032
- Schema version
- 2021v4.2
- 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 | 2022-11-03T08:19:27-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 363163136 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LWG CPAS & ADVISORS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1776 N MERIDIAN ST STE 500 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350449575 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KOSCIUSKO REMC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | KOSC | BusinessNameControlTxt |
| Phone | 5742676331 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 370 SOUTH 250 EAST | AddressLine1Txt |
| City | WARSAW | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46582 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KURT CARVER | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 5742676331 | PhoneNum |
| Signature | 2022-10-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | KURT | PersonFirstNm |
| Person Last | CARVER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIAN D CHERRY | PreparerPersonNm |
| PTIN | P01355823 | PTIN |
| Phone | 3176344747 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KURT CARVER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 370 SOUTH 250 EAST | AddressLine1Txt |
| City | WARSAW | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46582 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $50,256,556 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | KREMC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1935 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE ELECTRICITY TO ITS MEMBER/CUSTOMERS | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 44 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | -$592,924 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $47,904,118 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $48,589,265 | CYProgramServiceRevenueAmt |
| PY Investment Income | $42,927 | PYInvestmentIncomeAmt |
| CY Investment Income | $98,374 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,620,708 | PYOtherRevenueAmt |
| CY Other Revenue | $1,568,917 | CYOtherRevenueAmt |
| PY Total Revenue | $49,567,753 | PYTotalRevenueAmt |
| CY Total Revenue | $50,256,556 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,146,918 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,149,623 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $44,279,116 | PYOtherExpensesAmt |
| CY Other Expenses | $45,309,236 | CYOtherExpensesAmt |
| PY Total Expenses | $45,426,034 | PYTotalExpensesAmt |
| CY Total Expenses | $46,458,859 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,141,719 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,797,697 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $86,086,968 | TotalAssetsBOYAmt |
| Total Assets EOY | $103,207,559 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $21,059,453 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $34,380,229 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $65,027,515 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $68,827,330 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE ELECTRICITY | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $46,458,859 | ExpenseAmt |
| Revenue | $49,085,920 | RevenueAmt |
| Desc | TO PROVIDE ELECTRICITY | Desc |
| Total Program Service Expenses | $46,458,859 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | Yes (1) | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 9 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 44 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Members And Shr Gross Income | $49,085,920 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,763,560 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TIM LANDRIGAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5742676331 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 370 SOUTH 250 EAST | AddressLine1Txt |
| City | WARSAW | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46582 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| WILLIAM STUMP | |||||||
| DIRECTOR- CHAIRMAN | 1.00 | Yes (X) | $14,090 | $0 | $0 | ||
| DANIEL TUCKER | |||||||
| DIRECTOR- VICE CHAIRMAN | 1.00 | Yes (X) | $12,600 | $0 | $0 | ||
| JOHN HAND | |||||||
| DIRECTOR- SECRETARY-TREASU | 1.00 | Yes (X) | $12,935 | $0 | $0 | ||
| RICK PARKER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $13,650 | $0 | $0 | ||
| PAM MESSMORE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $12,600 | $0 | $0 | ||
| KIM BUHRT | |||||||
| DIRECTOR | 2.00 | Yes (X) | $17,150 | $0 | $0 | ||
| STEVE E MINER | |||||||
| DIRECTOR | 1.00 | Yes (X) | $14,350 | $0 | $0 | ||
| ANTHONY FLEMING | |||||||
| DIRECTOR | 1.00 | Yes (X) | $12,600 | $0 | $0 | ||
| TERRY BOUSE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $13,650 | $0 | $0 | ||
| KURT CARVER | |||||||
| PRESIDENT & CEO | 45.00 | $210,846 | $0 | $42,379 | Yes (X) | ||
| TIM LANDRIGAN | |||||||
| CFO | 45.00 | $112,090 | $0 | $46,096 | Yes (X) | ||
| JEFF MOORE | |||||||
| MGR. ENGINEERING/OPERATIONS | 45.00 | $119,236 | $0 | $106,883 | Yes (X) | ||
| CURT BARKEY | |||||||
| VP OF TECHNOLOGY & BROADBAND | 45.00 | $114,535 | $0 | $43,572 | Yes (X) | ||
| ISAAC HARP | |||||||
| LINEMAN | 45.00 | $109,873 | $0 | $44,193 | Yes (X) | ||
| JUSTIN JONES | |||||||
| LINEMAN | 45.00 | $109,776 | $0 | $44,271 | Yes (X) | ||
| BRIAN HEIMAN | |||||||
| LINEMAN | 45.00 | $108,308 | $0 | $25,869 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,008,289 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $353,263 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 12 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| ERVIN CABLE CONSTRUCTION LLC | |||||
| 450 PRYOR BLVD | STURGIS | KY | 42459 | FIBER CONSTRUCTION | $4,411,479 |
| LINETEC SERVICES LLC | |||||
| 19820 NORTH 7TH AVE STE 120 | PHOENIX | AZ | 85027 | LINE REBUILD | $3,877,902 |
| CONEXON | |||||
| 2001 GRAND BLVD STE 700 | KANSAS CITY | MO | 64108 | FIBER CONSTRUCTION MANAGEMENT, DESIGN | $1,313,486 |
| WRIGHT TREE SERVICE | |||||
| PO BOX 1718 | DES MOINES | IA | 50265 | TREE TRIMING | $817,102 |
| AMPP CONSTRUCTION LLC | |||||
| 810 W WASHINGTON ST | WINCHESTER | IN | 47394 | LINE REBUILD | $616,088 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|---|
| PROGRAM SERVICE REVENUE | 221000 | $49,085,920 | $49,085,920 | ||
| POLE RENTAL | 532000 | $96,269 | $96,269 | ||
| EQUITY IN EARNINGS OF SUBSIDIARY | 900001 | -$592,924 | -$592,924 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $48,589,265 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $58,764 | TotalRevenueColumnAmt |
| Exclusion | $58,764 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $39,610 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $39,610 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $39,610 | TotalRevenueColumnAmt |
| Exclusion | $39,610 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|---|
| PATRONAGE REVENUE | 900001 | $1,568,852 | $1,568,852 | |
| NON-OPERATING REVENUE | 221000 | $65 | $65 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,568,917 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $50,256,556 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $49,085,985 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | -$592,924 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,763,495 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $446,562 | TotalAmt |
| Program Services | $446,562 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $703,061 | TotalAmt |
| Program Services | $703,061 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,645 | TotalAmt |
| Program Services | $48,645 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,400 | TotalAmt |
| Program Services | $23,400 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $765,665 | TotalAmt |
| Program Services | $765,665 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $785,296 | TotalAmt |
| Program Services | $785,296 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,718,242 | TotalAmt |
| Program Services | $2,718,242 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| PURCHASED POWER | $35,750,410 | $35,750,410 |
| ADMISITRATIVE EXPENSES | $2,050,138 | $2,050,138 |
| MAINTENANCE | $1,078,306 | $1,078,306 |
| OPERATIING EXPENSES | $984,238 | $984,238 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,104,896 | TotalAmt |
| Program Services | $1,104,896 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,458,859 | TotalAmt |
| Program Services | $46,458,859 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,963,126 | BOYAmt |
| EOY | $1,648 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,384,274 | BOYAmt |
| EOY | $7,435,202 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $417,740 | BOYAmt |
| EOY | $745,932 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $435,705 | BOYAmt |
| EOY | $332,287 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $106,354,332 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $27,636,388 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,623,909 | BOYAmt |
| EOY | $78,717,944 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,262,214 | BOYAmt |
| EOY | $15,974,546 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,086,968 | BOYAmt |
| EOY | $103,207,559 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,138,490 | BOYAmt |
| EOY | $6,319,530 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,896,839 | BOYAmt |
| EOY | $28,042,241 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,124 | BOYAmt |
| EOY | $18,458 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,059,453 | BOYAmt |
| EOY | $34,380,229 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $443,524 | BOYAmt |
| EOY | $443,524 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,583,990 | BOYAmt |
| EOY | $68,383,806 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,027,515 | BOYAmt |
| EOY | $68,827,330 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,086,968 | BOYAmt |
| EOY | $103,207,559 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $3,797,697 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $2,117 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | $2,000 | PoliticalExpendituresAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INDIANA FRIENDS OF RURAL ELECTRIFICATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 24517 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46240 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351998087 | EIN |
| Paid Internal Funds | $2,000 | PaidInternalFundsAmt |
| Contributions Rcvd Dlvr | $0 | ContributionsRcvdDlvrAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-C, LINE 1 | FormAndLineReferenceDesc |
| Explanation | INDIANA FRIENDS OF RURAL ELECTRIFICATION IS A STATE REGULATED POLITICAL COMMITTEE THAT SUPPORTS RURAL ELECTRIC COOPERATIVES IN INDIANA | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $479,514 | OtherCostOrOtherBasisAmt |
| Book Value | $479,514 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,006,626 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,085,287 | DepreciationAmt |
| Book Value | $6,921,339 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $90,868,192 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,551,101 | DepreciationAmt |
| Book Value | $71,317,091 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $78,717,944 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (12 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| INVESTMENT - INDIANA STATEWIDE | $96,215 | C |
| G&T CAPITAL CREDITS | $14,349,169 | C |
| INVESTMENT IN CTCS | $734,627 | C |
| MEMBERSHIPS - ASSOCIATED ORGANIZATIONS | $2,000 | C |
| OTHER INVESTEMENTS - NRUCFC | $608,699 | C |
| INVESTMENTS - SEDC CAPITAL CREDITS | $156,769 | C |
| INVESTMENT - UNITED UTILITY SUPPLY | $146,714 | C |
| INVESTMENT - NRTC | $15,214 | C |
| OTHER INVESTMENT - FARM BUREAU STOCK | $500 | C |
| INVESTMENT - FEDERAL RURAL ELECTRIC INSURANCE | $167,563 | C |
| INVESTMENT - CFC MEMBER CAPITAL SECURITIES | $290,000 | C |
| KOSCIUSKO CONNECT LLC | -$592,924 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $15,974,546 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| POWER MOVES REBATES- STEET LIGHT | $9,656 |
| SEASONAL PREPAYMENTS | -$307 |
| WRITTEN OFF CHECKS | $834 |
| CAFETERIA/DEPENDENT/MEDICAL | -$188 |
| CAFETERIA/DEPENDENT/MEDICAL | -$5 |
| GREEN POWER FUNDS COLLECTED | $1,118 |
| OPERATION ROUND-UP FUNDS | $7,350 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $18,458 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE REMC FOLLOWS "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." THE ADOPTION OF THIS ACCOUNTING PRINCIPAL DOES NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS AS THE REMC DOES NOT BELIEVE THEY ARE TAKING ANY UNCERTAIN TAX POSITIONS. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KURT CARVER | ||||||||||||||
| PRESIDENT & CEO | $210,846 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $42,379 | $0 | $253,225 | $0 | $0 | $0 |
| JEFF MOORE | ||||||||||||||
| MGR. ENGINEERING/OPERATIONS | $119,236 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $106,883 | $0 | $226,119 | $0 | $0 | $0 |
| TIM LANDRIGAN | ||||||||||||||
| CFO | $112,090 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $46,096 | $0 | $158,186 | $0 | $0 | $0 |
| CURT BARKEY | ||||||||||||||
| VP OF TECHNOLOGY & BROADBAND | $114,535 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $43,572 | $0 | $158,107 | $0 | $0 | $0 |
| ISAAC HARP | ||||||||||||||
| LINEMAN | $109,873 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $44,193 | $0 | $154,066 | $0 | $0 | $0 |
| JUSTIN JONES | ||||||||||||||
| LINEMAN | $109,776 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $44,271 | $0 | $154,047 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | TRAVEL FOR COMPANIONS OF CEO AND DIRECTORS TO APPROVED MEETINGS IS ALLOWED IN COMPANY POLICY. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| ANTHONY FLEMING | |||
| SEE BELOW | $35,802,743 | SEE BELOW | 0 |
| KIM BUHRT | |||
| SEE BELOW | $285,832 | SEE BELOW | 0 |
| PAM MESSMORE | |||
| SEE BELOW | $255,129 | SEE BELOW | 0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE L, PART IV, LINE 1 | (B) ANTHONY FLEMING IS A KOSCIUSKO REMC DIRECTOR AND A WABASH VALLEY POWER ASSOCIATION DIRECTOR(C) TRANSACTION AMOUNT IS FOR ALL SERVICES FOR THE YEAR(D) TRANSACTIONS INCLUDE PURCHASES OF WHOLESALE ELECTRIC POWER, TRANSFORMERS AND MISC. EQUIPMENT |
| SCHEDULE L, PART IV, LINE 2 | (B) KIM BUHRT IS A KOSCIUSKO REMC DIRECTOR AND AN INDIANA STATEWIDE ASSOCIATION OF RECS DIRECTOR(C) TRANSACTION AMOUNT IS FOR ALL SERVICES FOR THE YEAR(D) TRANSACTIONS INCLUDE TRAINING FEES, PUBLICATION DEVELOPMENT, AND DUES |
| SCHEDULE L, PART IV, LINE 3 | (B) PAM MESSMORE IS A KOSCIUSKO REMC DIRECTOR AND A LAKE CITY BANK OFFICER(C) TRANSACTION AMOUNT IS FOR ALL SERVICES FOR THE YEAR(D) TRANSACTIONS INCLUDE BANK FEES, INTEREST, LOCKBOX PROCESSING FEES AND CREDIT CARD PAYMENTS |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | DIRECTOR WILLIAM STUMP, JR. AND DIRECTOR STEVE MINER ARE BROTHERS-IN-LAW DIRECTORS RICK PARKER AND TERRY BOUSE HAVE CHILDREN WHO ARE MARRIED. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS. MEMBERSHIP IS CONTINGENT UPON ELECTRIC SERVICE. ELECTRIC SERVICE IS PROVIDED TO MEMBERS OF THE COOPERATIVE. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION PROVIDES A COMPLETE COPY TO EACH MEMBER OF THE BOARD OF DIRECTORS AT THE BOARD MEETING FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS REVIEWED ON AN ONGOING BASIS DURING THE BOARD MEETINGS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COOPERATIVE USES THE NRECA SALARY SURVEY TO DETERMINE THE SALARIES FOR THE EMPLOYEES AND THE OFFICERS OF THE COOPERATIVE. THIS SALARY SURVEY IS REVIEWED BY THE ENTIRE BOARD OF DIRECTORS WHICH THEN APPROVES THE COMPENSATION FOR THE OFFICERS. THE DIRECTORS' COMPENSATION IS BASED ON THE INDIANA STATEWIDE DIRECTOR COMPENSATION SURVEY. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE COOPERATIVE MAKES ITS FORMS AVAILABLE AT THE HEADQUARTERS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE AT THE ORGANIZATION'S OFFICE UPON REQUEST OF MEMBERS. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| KOSCIUSKO CONNECT LLC | |||||||||
| 370 SOUTH 250 EAST | WARSAW | IN | 46582 | 861244291 | HIGH SPEED INTERNET | IN | $17,479 | $2,272,036 | KOSCIUSKO REMC |
| KOSCIUSKO COUNTY COMMUNITY FOUNDATION | |||||||||
| 102 E MARKET | WARSAW | IN | 46582 | 356086777 | CHARITABLE DISBURSEMENT | IN | $88,244 | $7,351 | KOSCIUSKO REMC |