WHITEWATER VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2019
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- Organization
- WHITEWATER VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 35-1902531)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-05-14
- IRS object ID
- 202011359349301996
- Schema version
- 2019v5.1
- 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 | 2020-05-14T13:17:02-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 351902531 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WHITEWATER VALLEY RURAL ELECTRIC | BusinessNameLine1Txt |
| Business Name Line2 | MEMBERSHIP CORPORATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WHIT | BusinessNameControlTxt |
| Phone | 7654585171 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 349 | AddressLine1Txt |
| City | LIBERTY | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 47353 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARY JO THOMAS | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 7654585171 | PhoneNum |
| Signature | 2020-05-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | EARL L RIDLEN | PreparerPersonNm |
| PTIN | P00987829 | PTIN |
| Phone | 3176344747 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 206.53.252.130 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-05-07 | IPDt |
| IP Tm | 11:35:32 | IPTm |
| IP Timezone | US | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | D0C38AB60C307D73A90E817C68D67340FB0F463D | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | D0C38AB60C307D73A90E817C68D67340FB0F463D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARY JO THOMAS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 349 | AddressLine1Txt |
| City | LIBERTY | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 47353 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $30,199,760 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWVREMC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1994 | FormationYr |
| Legal Domicile State | IN | LegalDomicileStateCd |
| Activity Or Mission | DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 8 | VotingMembersIndependentCnt |
| Total Employee | 29 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $2,482 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $1,482 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $28,052,075 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $29,192,951 | CYProgramServiceRevenueAmt |
| PY Investment Income | $242,876 | PYInvestmentIncomeAmt |
| CY Investment Income | $251,508 | CYInvestmentIncomeAmt |
| PY Other Revenue | $781,178 | PYOtherRevenueAmt |
| CY Other Revenue | $755,301 | CYOtherRevenueAmt |
| PY Total Revenue | $29,076,129 | PYTotalRevenueAmt |
| CY Total Revenue | $30,199,760 | 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 | $981,203 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $938,886 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $26,820,358 | PYOtherExpensesAmt |
| CY Other Expenses | $27,082,134 | CYOtherExpensesAmt |
| PY Total Expenses | $27,801,561 | PYTotalExpensesAmt |
| CY Total Expenses | $28,021,020 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,274,568 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $2,178,740 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $60,746,443 | TotalAssetsBOYAmt |
| Total Assets EOY | $62,871,836 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $27,231,895 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $27,841,558 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $33,514,548 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $35,030,278 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $28,021,020 | ExpenseAmt |
| Revenue | $29,192,951 | RevenueAmt |
| Desc | DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS | Desc |
| Total Program Service Expenses | $28,021,020 | 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 | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 19 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 29 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| 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 | $29,192,951 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,006,809 | 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 | 8 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | 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 | Yes (1) | 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 | J MICHAEL WALTZ | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7654585171 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 349 | AddressLine1Txt |
| City | LIBERTY | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 47353 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MARK SINGER | |||||||
| ASSISTANT SEC/TREASURER | 5.67 | Yes (X) | Yes (X) | $10,450 | $0 | $0 | |
| JODIE CREEK | |||||||
| SECRETARY/TREASURER | 9.37 | Yes (X) | Yes (X) | $9,110 | $0 | $0 | |
| JOE NOCTON | |||||||
| VICE CHAIRMAN | 5.63 | Yes (X) | Yes (X) | $8,575 | $0 | $0 | |
| TERRY HILLMAN | |||||||
| DIRECTOR | 6.08 | Yes (X) | $11,700 | $0 | $0 | ||
| ROD WEST | |||||||
| CHAIRMAN | 6.61 | Yes (X) | Yes (X) | $10,620 | $0 | $0 | |
| GARRY SAYNE | |||||||
| DIRECTOR | 7.32 | Yes (X) | $13,175 | $0 | $0 | ||
| MARK MILLER | |||||||
| DIRECTOR | 4.79 | Yes (X) | $9,825 | $0 | $0 | ||
| RYAN DRAKE | |||||||
| DIRECTOR | 4.27 | Yes (X) | $7,375 | $0 | $0 | ||
| NATE CANTRELL | |||||||
| DIRECTOR | 4.79 | Yes (X) | $6,625 | $0 | $0 | ||
| MARY JO THOMAS | |||||||
| CHIEF EXECUTIVE OFFICER | 45.90 | Yes (X) | $195,912 | $0 | $115,251 | ||
| J MICHAEL WALTZ | |||||||
| CHIEF OPERATING OFFICER | 45.20 | Yes (X) | $115,977 | $0 | $59,048 | ||
| CLAY SMITH | |||||||
| LINE FOREMAN | 47.40 | $113,483 | $0 | $26,825 | Yes (X) | ||
| BRIAN CHEATHAM | |||||||
| LINE FOREMAN | 46.80 | $103,307 | $0 | $35,961 | Yes (X) | ||
| JIMMY BERGER | |||||||
| LINEMAN | 45.37 | $102,613 | $0 | $36,443 | Yes (X) | ||
| DERRICK MULLINS | |||||||
| LINEMAN | 45.24 | $101,135 | $0 | $33,622 | Yes (X) | ||
| GRANT CORRELL | |||||||
| LINEMAN | 45.69 | $100,487 | $0 | $17,441 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $920,369 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $324,591 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | 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 |
|---|---|---|---|---|---|
| SYNERGISTIC SOLUTIONS | |||||
| 1943 SKYLINE DR | GREENWOOD | IN | 46143 | RIGHT OF WAY MANAGEMENT | $1,570,820 |
| 5 STAR ELECTRIC LLC | |||||
| 14021 CALIBR DR SUITE 300 | OKLAHOMA CITY | OK | 73134 | OVERHEAD LINE CONTRACTOR | $713,478 |
| ELECTRICOM LLC | |||||
| PO BOX 319 | PAOLI | IN | 47454 | OVERHEAD LINE CONTRACTOR | $501,961 |
| NISC | |||||
| PO BOX 1147 | MANDAN | ND | 58554 | INFORMATION TECHNOLOGY SOFTWARE SOLUTION | $238,429 |
| SUB-SURFACE OF INDIANA INC | |||||
| 7225 W 700 S | MORGONTOWN | IN | 46160 | EXCAVATING AND TRENCH WORK | $227,694 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 8 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RESIDENTIAL SALES- FARM | 221000 | $19,571,064 | $19,571,064 |
| COMMERCIAL AND INDUSTRIAL SALES | 221000 | $5,770,320 | $5,770,320 |
| RESIDENTIAL SALES- SEASONAL | 221000 | $2,691,229 | $2,691,229 |
| SALES TO PUBLIC UTILITIES | 221000 | $451,801 | $451,801 |
| SALES TO PUBLIC BUILDINGS | 221000 | $414,845 | $414,845 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $293,692 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $293,692 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $29,192,951 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $248,594 | TotalRevenueColumnAmt |
| Exclusion | $248,594 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,914 | 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 | $2,914 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,914 | TotalRevenueColumnAmt |
| Exclusion | $2,914 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| CAPITAL CREDITS AND PATRONAGE | 900000 | $658,269 | $658,269 | |
| RENTAL INCOME | 221000 | $93,211 | $93,211 | |
| MERCHANDISING REVENUE | 221000 | $8,688 | $8,688 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$4,867 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$6,206 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,339 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $755,301 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $30,199,760 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,192,951 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,482 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,004,327 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $554,627 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $280,464 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,938 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,857 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $962,747 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,940,948 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $19,151,241 |
| MAINTENANCE EXPENSE | $2,326,379 |
| CUSTOMER ACCOUNTS EXPEN | $738,293 |
| GENERAL AND ADMINISTRAT | $698,998 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,263,528 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,021,020 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,762,077 | BOYAmt |
| EOY | $1,736,594 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,474,363 | BOYAmt |
| EOY | $3,527,848 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $774,520 | BOYAmt |
| EOY | $748,796 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $900,201 | BOYAmt |
| EOY | $803,014 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $60,722,497 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $17,341,764 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,468,198 | BOYAmt |
| EOY | $43,380,733 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,360,150 | BOYAmt |
| EOY | $12,667,879 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,934 | BOYAmt |
| EOY | $6,972 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,746,443 | BOYAmt |
| EOY | $62,871,836 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,043,888 | BOYAmt |
| EOY | $2,673,402 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,103,657 | BOYAmt |
| EOY | $24,069,356 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,084,350 | BOYAmt |
| EOY | $1,098,800 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,231,895 | BOYAmt |
| EOY | $27,841,558 | 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 | $174,998 | BOYAmt |
| EOY | $174,998 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,339,550 | BOYAmt |
| EOY | $34,855,280 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $33,514,548 | BOYAmt |
| EOY | $35,030,278 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,746,443 | BOYAmt |
| EOY | $62,871,836 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $2,178,740 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$663,010 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| 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 |
| Internal Funds Contributed | $2,000 | InternalFundsContributedAmt |
| Total Exempt Function Expend | $2,000 | TotalExemptFunctionExpendAmt |
| Form1120 POL Filed | Yes (1) | Form1120POLFiledInd |
Section527 Political Org Section527PoliticalOrgGrp
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRIENDS OF RURAL ELECTRIFICATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8888 KEYSTONE CROSSING SUITE 1600 | 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 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I-A, LINE 1: | FormAndLineReferenceDesc |
| Explanation | MONETARY DONATIONS | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $15,361 | OtherCostOrOtherBasisAmt |
| Book Value | $15,361 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $740,755 | OtherCostOrOtherBasisAmt |
| Depreciation | $628,899 | DepreciationAmt |
| Book Value | $111,856 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,951,310 | OtherCostOrOtherBasisAmt |
| Depreciation | $369,182 | DepreciationAmt |
| Book Value | $2,582,128 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $57,015,071 | OtherCostOrOtherBasisAmt |
| Depreciation | $16,343,683 | DepreciationAmt |
| Book Value | $40,671,388 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $43,380,733 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL INVESTMENT | $11,695,942 | F |
| INVESTMENTS IN CAPITAL TERM CERTIFI | $750,667 | F |
| OTHER INVESTMENTS IN ASSOCIASTED CO | $221,270 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $12,667,879 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CUSTOMER DEPOSITS | $249,818 |
| CONSUMER DEPOSITS- CREDIT RISK | $3,780 |
| CAPITAL CREDITS PAYABLE | $845,202 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,098,800 | 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 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 |
| 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 (2 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MARY JO THOMAS | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $195,912 | $0 | $0 | $0 | $0 | $0 | $111,180 | $0 | $4,071 | $0 | $311,163 | $0 | $0 | $0 |
| J MICHAEL WALTZ | ||||||||||||||
| CHIEF OPERATING OFFICER | $115,977 | $0 | $0 | $0 | $0 | $0 | $32,016 | $0 | $27,032 | $0 | $175,025 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | TRAVEL TO AND FROM ANNUAL REGIONAL MEETINGS MAY BE PAID BY THE REMC. TRAVEL FOR COMPANIONS IS REIMBURSED BY THE DIRECTOR, IF PAID FOR BY THE REMC. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JODIE CREEK | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | SECRETARY/TREASURER | RelationshipDescriptionTxt |
| Transaction | $19,151,241 | TransactionAmt |
| Transaction | PURCHASED POWER - THE REMC IS COMMITTED TO PURCHASE POWER FROM HOOSIER ENERGY, WHICH IS A TAXABLE COOPERATIVE. EACH REMC HAS A DIRECTOR SERVE ON THE BOARD OF DIRECTORS AT HOOSIER ENERGY. JODIE CREEK IS WHITEWATER VALLEY REMC'S REPRSENTATIVE ON THE HOOSIER ENERGY BOARD. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS OF THE REMC CONSIST OF THOSE WHOM RECEIVE ELECTRICITY FROM THE REMC. THEY ARE CONSIDERED OWNERS OF THE REMC AND ARE ENTITLED TO A PORTION OF THE INCOME. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE GOVERNING BODY IS SELECTED BY MEMBERS OF THE REMC. THE GOVERNING BOARD SERVES A SET TERM AND THEN THEIR POSITION IS UP FOR ELECTION. THE REMC TERRITORY IS DIVIDED INTO THREE DISTRICTS AND THERE ARE THREE BOARD MEMBERS THAT REPRESENT EACH OF THE THREE DISTRICTS. ANY MEMBER IS FREE TO RUN FOR THE BOARD OF DIRECTORS IF THEIR SECTION HAS AN OPEN SEAT. |
| FORM 990, PART VI, SECTION A, LINE 7B | BOARD DECISIONS ARE MONITORED BY THE REMC MEMBERS. THEY CAN REQUEST A BOARD MEMBER TO BE REMOVED. |
| FORM 990, PART VI, SECTION B, LINE 11B | COPIES OF THE 990 AND 990-T ARE REVIEWED BY THE BOARD BEFORE THEY ARE FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD AND OFFICERS OF THE REMC REGULARLY REVIEW THE CONFLICT OF INTEREST POLICY AND KEEP TRACK OF EMPLOYEE AND BOARD MEMBERS ACTIVITIES TO MAKE SURE THAT THERE IS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. EVERYONE IS AWARE OF THE POLICY AND COMMUNICATION LINES ARE OPEN SO THAT PEOPLE FEEL FREE TO REPORT IF THEY HAVE A NEW CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE GENERAL MANAGER'S RAISE IS BASED ON A BOARD DECISION. OTHER KEY EMPLOYEES' RAISES ARE DETERMINED BY EXAMINING THE BUDGET AND THEN DETERMINING A RAISE PERCENTAGE. THE DEPARTMENT HEADS RECOMMEND THE RAISE AMOUNT, BUT IT IS SUBJECT TO CHANGE BY THE GENERAL MANAGER. THE GENERAL MANAGER DETERMINES THE SALARIES FOR THE TOP MANAGEMENT BASED ON GUIDELINES SET BY THE BOARD IN THE BUDGETING PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE TAX RETURNS ARE AVAILABLE UPON REQUEST AT THE REMC'S OFFICE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE PUBLIC. THE ANNUAL FINANCIAL STATEMENTS ARE PUBLISHED IN THE REMC'S MARCH NEWSLETTER. |
| FORM 990, PART XI, LINE 9: | CAPITAL CREDIT RETIREMENTS -658,355. CHANGE IN MEMBERSHIPS -4,655. |
| FORM 990 PART XII, LINE 2 | FORM 990 IS REVIEWED BY REMC MANAGEMENT BEFORE IT IS FILED WITH THE IRS. |