STRATEGY STUDIO / PUBLIC DATA EXPLORER

RUSHSHELBY ENERGY RURAL ELECTRIC COOPERATIVE INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
RUSHSHELBY ENERGY RURAL ELECTRIC COOPERATIVE INC (EIN 35-2068789)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-10-22
IRS object ID
202542959349300134
Schema version
2024v5.2
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

FieldValueIRS element (for citing)
Return2025-10-22T13:38:31-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN363163136PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LWG CPAS & ADVISORSBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1101 WEST OHIO STREET SUITE 1401AddressLine1Txt
CityINDIANAPOLISCityNm
State AbbreviationINStateAbbreviationCd
ZIP46204ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN352068789EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RUSHSHELBY ENERGY RURAL ELECTRICBusinessNameLine1Txt
Business Name Line2MEMBERSHIP CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRUSHBusinessNameControlTxt
Phone7655442600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12777 S 840 WAddressLine1Txt
CityMANILLACityNm
State AbbreviationINStateAbbreviationCd
ZIP46150ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRISTOPHER M CHASTAINPersonNm
Person TitlePRESIDENT & CEOPersonTitleTxt
Phone7655442600PhoneNum
Signature2025-10-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEARL L RIDLENPreparerPersonNm
PTINP00987829PTIN
Phone3176344747PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerSAM KINDERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12777 S 840 WAddressLine1Txt
CityMANILLACityNm
State AbbreviationINStateAbbreviationCd
ZIP46150ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$59,126,202GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressRSE.COOPWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateINLegalDomicileStateCd
Activity Or MissionRUSHSHELBY ENERGY IS A DISTRIBUTION ELECTRIC COOPERATIVE PROVIDING SALES OF ELECTRICITY AND RELATED EQUIPMENT AND SERVICES TO MEMBERS OF OUR RURAL ELECTRIC MEMBERSHIP COOPERATIVE.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee59TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$54,021,730PYProgramServiceRevenueAmt
CY Program Service Revenue$57,186,924CYProgramServiceRevenueAmt
PY Investment Income$147,145PYInvestmentIncomeAmt
CY Investment Income$286,251CYInvestmentIncomeAmt
PY Other Revenue$1,623,703PYOtherRevenueAmt
CY Other Revenue$1,348,156CYOtherRevenueAmt
PY Total Revenue$55,792,578PYTotalRevenueAmt
CY Total Revenue$58,821,331CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$1,546,344PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$1,578,615CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$3,227,210PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$3,659,216CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$49,373,474PYOtherExpensesAmt
CY Other Expenses$52,076,681CYOtherExpensesAmt
PY Total Expenses$54,147,028PYTotalExpensesAmt
CY Total Expenses$57,314,512CYTotalExpensesAmt
PY Revenues Less Expenses$1,645,550PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,506,819CYRevenuesLessExpensesAmt
Total Assets BOY$108,293,851TotalAssetsBOYAmt
Total Assets EOY$106,698,265TotalAssetsEOYAmt
Total Liabilities BOY$56,497,133TotalLiabilitiesBOYAmt
Total Liabilities EOY$52,597,301TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$51,796,718NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$54,100,964NetAssetsOrFundBalancesEOYAmt
MissionRUSHSHELBY ENERGY IS A DISTRIBUTION ELECTRIC COOPERATIVE PROVIDING ELECTRICITY AND SERVICES TO THE MEMBERS OF OUR RURAL ELECTRIC MEMBERSHIP COOPERATIVEMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$57,314,512ExpenseAmt
Revenue$58,535,080RevenueAmt
DescDISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERSDesc
Total Program Service Expenses$57,314,512TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign ActyYes (1)PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document52IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee59EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Members And Shr Gross Income$58,046,523MembersAndShrGrossIncomeAmt
Other Sources Gross Income$1,512,356OtherSourcesGrossIncomeAmt
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldINStatesWhereCopyOfReturnIsFldCd
OtherYes (X)OtherInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SAM KINDER - VP ACCOUNTING & FINANCEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone7655442600PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12777 S 840 WAddressLine1Txt
CityMANILLACityNm
State AbbreviationINStateAbbreviationCd
ZIP46150ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
DEAN BACON
VICE CHAIRMAN3.62Yes (X)Yes (X)$10,000$0$0
ANN SIPES
DIRECTOR3.64Yes (X)$11,800$0$0
MARK NIGH
DIRECTOR2.69Yes (X)$9,050$0$0
FRED SMITH
DIRECTOR6.48Yes (X)$9,200$0$0
BOB STROUP
DIRECTOR13.84Yes (X)$11,000$0$0
KEITH THEOBALD
DIRECTOR3.39Yes (X)$10,800$0$0
CHARLES SMITH
CHAIRMAN7.44Yes (X)Yes (X)$11,900$0$0
BRUCE EVERHART
DIRECTOR7.37Yes (X)$14,350$0$0
JILL KOCH
SECRETARY6.92Yes (X)Yes (X)$9,600$0$0
CHRISTOPHER M CHASTAIN
CEO47.23Yes (X)$222,373$0$103,002
SAM KINDER
CFO43.89Yes (X)$131,594$0$76,931
TONY ADKINS
LINEMAN - SERVICEMAN53.92$160,780$0$61,214Yes (X)
DAVID TOLL
VP - MARKETING & MEMBER SE43.29$149,967$0$77,795Yes (X)
JAYLIN BROWN
LINEMAN51.60$145,538$0$57,463Yes (X)
NATHANIEL BEST
LINEMAN50.42$140,209$0$64,597Yes (X)
JIM DRAPER
VP - ENGINEERING44.36$135,794$0$73,986Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,183,955TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$514,988TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K21IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
TOWNSEND TREE SERVICE INC
PO BOX 7015MUNCIEIN47308LINE CLEARANCE$2,402,390
ANIXTER POWER SOLUTIONS INC
PO BOX 4851ORLANDOFL32802INVENTORY AND MATERIALS$1,265,175
UNITED UTILITY SUPPLY
PO BOX 32170LOUISVILLEKY40232INVENTORY AND MATERIALS$644,635
AMPP CONSTRUCTION LLC
PO BOX 65WINCHESTERIN47394LINE CONSTRUCTION$635,775
MILLDRILL
4820 W 100 SRUSHVILLEIN46173URD CONSTRUCTION$331,020
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K10CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ELECTRIC SALES221000$56,491,942$56,491,942
PENALTIES AND MISC REVENUE221000$694,982$694,982
FieldValueIRS element (for citing)
Total Program Service Revenue$57,186,924TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$253,609TotalRevenueColumnAmt
Exclusion$253,609ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$127,919RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$7,186RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$120,733RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$120,733TotalRevenueColumnAmt
Related Or Exempt Func Income$120,733RelatedOrExemptFuncIncomeAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$56,211OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$23,569OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$32,642OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$32,642TotalRevenueColumnAmt
Exclusion$32,642ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$275,434GrossSalesOfInventoryAmt
Cost Of Goods Sold$274,116CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,318TotalRevenueColumnAmt
Related Or Exempt Func Income$1,318RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescPATRONAGE CAPITAL REVENUEDesc
Business900001BusinessCd
Total Revenue Column$1,226,105TotalRevenueColumnAmt
Related Or Exempt Func Income$1,226,105RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,226,105OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$58,821,331TotalRevenueColumnAmt
Related Or Exempt Func Income$58,535,080RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$286,251ExclusionAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$1,578,615TotalAmt
Program Services$1,578,615ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$631,600TotalAmt
Program Services$631,600ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$2,166,895TotalAmt
Program Services$2,166,895ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$860,721TotalAmt
Program Services$860,721ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$60,086TotalAmt
Program Services$60,086ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$41,869TotalAmt
Program Services$41,869ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$24,799TotalAmt
Program Services$24,799ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$386,401TotalAmt
Program Services$386,401ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$40,716TotalAmt
Program Services$40,716ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$12,093TotalAmt
Program Services$12,093ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$674,555TotalAmt
Program Services$674,555ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$463,027TotalAmt
Program Services$463,027ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$72,709TotalAmt
Program Services$72,709ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,763,556TotalAmt
Program Services$1,763,556ProgramServicesAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$248,100TotalAmt
Program Services$248,100ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$3,695,533TotalAmt
Program Services$3,695,533ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$155,189TotalAmt
Program Services$155,189ProgramServicesAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PURCHASED POWER$37,646,147$37,646,147
OPERATION, MAINT, AND C$4,514,267$4,514,267
RIGHT OF WAY$2,272,097$2,272,097

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$5,537TotalAmt
Program Services$5,537ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$57,314,512TotalAmt
Program Services$57,314,512ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,228,130BOYAmt
EOY$5,540,151EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,806,813BOYAmt
EOY$5,641,207EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$96,716BOYAmt
EOY$64,477EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$2,320,377BOYAmt
EOY$1,503,131EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$137,892BOYAmt
EOY$285,020EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$95,869,700LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$26,948,128LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$70,203,437BOYAmt
EOY$68,921,572EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$28,057,769BOYAmt
EOY$24,432,704EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$442,717BOYAmt
EOY$310,003EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$108,293,851BOYAmt
EOY$106,698,265EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$5,441,003BOYAmt
EOY$3,582,976EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$51,011,005BOYAmt
EOY$48,393,104EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$45,125BOYAmt
EOY$621,221EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$56,497,133BOYAmt
EOY$52,597,301EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$70,829BOYAmt
EOY$67,824EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$3,880,714BOYAmt
EOY$4,200,524EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$47,845,175BOYAmt
EOY$49,832,616EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$51,796,718BOYAmt
EOY$54,100,964EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$108,293,851BOYAmt
EOY$106,698,265EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,506,819ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$797,427OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (1)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consol And Sep Basis Fincl StmtYes (X)ConsolAndSepBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Political Expenditures$2,000PoliticalExpendituresAmt

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1IEC STATE PACBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line111805 PENNSYLVANIA STREETAddressLine1Txt
CityCARMELCityNm
State AbbreviationINStateAbbreviationCd
ZIP46032ZIPCd
FieldValueIRS element (for citing)
EIN351499808EIN
Paid Internal Funds$2,000PaidInternalFundsAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I-A, LINE 1:FormAndLineReferenceDesc
ExplanationMONETARY DONATIONSExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$130,162OtherCostOrOtherBasisAmt
Book Value$130,162BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,023,267OtherCostOrOtherBasisAmt
Depreciation$1,596,613DepreciationAmt
Book Value$2,426,654BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$91,716,271OtherCostOrOtherBasisAmt
Depreciation$25,351,515DepreciationAmt
Book Value$66,364,756BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$68,921,572TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (9 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
CAPITAL CERTIFICATES - CFC$1,281,572C
INVESTMENT - CFC$1,825,419C
INVESTMENT - HOOSIER ENERGY$19,925,860C
INVESTMENT - IEC$113,667C
INVESTMENT - NISC$126,913C
INVESTMENT - NRTC$447,491C
FEDERATED INVESTMENT$183,499C
UNITED UTILITY INVESTMENT$141,297C
ALL OTHER INVESTEMENTS$386,986C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$24,432,704TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
PREPAID CONSTRUCTION ADVANCE$43,741
MYSOLAR INVESTMENT$167
DUE TO AFFILIATES$124,624
POST RETIREMENT OBLIGATION$452,689
FieldValueIRS element (for citing)
Total Liability$621,221TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$58,821,331TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$58,821,331RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$58,821,331TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$57,314,512TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$57,314,512ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$57,314,512TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationRUSHSHELBY HAS ADOPTED ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS. CURRENTLY, THE COOPERATIVE'S FORMS 990 FOR 2020 - 2022 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE INDIANA DEPARTMENT OF REVENUE. THE COOPERATIVE IS NOT CURRENTLY BEING EXAMINED BY THESE JURISDICTIONS AND MANAGEMENT BELIEVES ITS TAX-EXEMPT STATUS WOULD BE UPHELD UNDER EXAMINATION. NO PROVISION FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED AT DECEMBER 31, 2023 AND 2022.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
CHRISTOPHER M CHASTAIN
CEO$222,373$0$0$0$0$0$103,002$0$0$0$325,375$0$0$0
TONY ADKINS
LINEMAN - SERVICEMAN$160,780$0$0$0$0$0$61,214$0$0$0$221,994$0$0$0

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
MARK NIGH
SEE BELOW$204,091SEE BELOW0
BOB STROUP
SEE BELOW$39,781,254SEE BELOW0
BRUCE EVERHART
SEE BELOW$3,935,937SEE BELOW0
CHRISTOPHER M CHASTAIN
SEE BELOW$60,898SEE BELOW0

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE L, PART IV, LINE 1INDIVIDUAL SITS AS A BOARD DIRECTOR FOR THE COOPERATIVE AND AS A BOARD DIRECTOR FOR INDIANA ELECTRIC COOPERATIVES (IEC). THE COOPERATIVE MAKES PAYMENTS TO IEC FOR DUES FEES, TRAINING AND OTHER SERVICES.
SCHEDULE L, PART IV, LINE 2INDIVIDUAL SITS AS A BOARD DIRECTOR FOR THE COOPERATIVE AND AS A BOARD DIRECTOR FOR HOOSIER ENERGY RURAL ELECTRIC COOPERATIVE (HOOSIER ENERGY). THE COOPERATIVE PURCHASES POWER FROM HOOSIER ENERGY.
SCHEDULE L, PART IV, LINE 3INDIVIDUAL SITS AS A BOARD DIRECTOR FOR THE COOPERATIVE AND AS A BOARD DIRECTOR FOR THE NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION (NRUCFC). THE COOPERATIVE HAS DEBT OBLIGATIONS AND INVESTMENTS WITH NRUCFC.
SCHEDULE L, PART IV, LINE 4INDIVIDUAL SITS AS A BOARD DIRECTOR FOR THE COOPERATIVE AND AS A BOARD DIRECTOR FOR THE COOPERATIVE RESPONSE CENTER (CRC). THE COOPERATIVE IS A NATIONWIDE, COOPERATIVELY OWNED AND OPERATED, 24/7 CONTACT CENTER, ALARM MONITORING CENTER, AND SOFTWARE PROVIDER.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6THE MEMBERS OF THE REMC CONSIST OF THOSE WHO RECEIVE ELECTRICITY FROM THE CO-OP.
FORM 990, PART VI, SECTION A, LINE 7ATHE MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING BASED ON THE DISTRICT THEY LIVE IN.
FORM 990, PART VI, SECTION A, LINE 7BCERTAIN DECISIONS TO BE MADE BY THE BOARD OF DIRECTORS MUST BE APPROVED BY THE MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS PRESENTED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW AT THE APPROPRIATE BOARD MEETING. PRIOR TO SUBMISSION THE CFO AND CEO REVIEW THE REPORT IN ITS ENTIRETY WITH THE BOARD CHARIMAN FOR APPROVAL.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD REVIEWS THE POLICIES REGULARLY AND EMPLOYEES ARE KEPT UP-TO-DATE.
FORM 990, PART VI, SECTION B, LINE 15RUSHSHELBY ENERGY USES THE NRECA COMPENSATION SURVEY AND INDIANA STATEWIDE SURVEY AS AN INDUSTRY GUIDE FOR DETERMINING COMPENSATION FOR CEO, KEY STAFF, AND ALL OTHER POSITIONS WITHIN THE ORGANIZATION.
FORM 990, PART VI, SECTION C, LINE 19CERTAIN FINANCIAL DOCUMENTS ARE POSTED ON OUR WEBSITE. AUDITED YEAR-END FINANCIAL STATEMENTS ARE PUBLISHED AND COMMUNICATED VIA OUR MONTHLY MEMBER NEWSLETTER OR AVAILABLE AT OUR ANNUAL MEETING. OTHER FINANCIAL DOCUMENTS MAY BE REQUESTED THROUGH THE MEMBER ACCESS POLICY. GOVERNANCE DOCUMENTS ARE AVAILABLE VIA THE MEMBER ACCESS POLICY.
FORM 990, PART XI, LINE 9:CHANGE IN MEMBERSHIPS -3,005. PATRONAGE CAPITAL CREDITS RETIRED ESTATES/GENERAL -795,552. OTHER COMPREHENSIVE INCOME 17,369. CURRENT YEAR NET MARGINS ALLOCATED TO MEMBERS 1,578,615.
FORM 990, PART XII, LINE 2CTHE PROCESS HAS NOT CHANGED FROM PRIOR YEAR IN REGARDS TO THE OVERSIGHT OR SELECTION PROCESS.

Schedule R IRS990ScheduleR

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1RSE PROPANEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12777 S 840 W PO BOX 55AddressLine1Txt
CityMANILLACityNm
State AbbreviationINStateAbbreviationCd
ZIP46150ZIPCd
FieldValueIRS element (for citing)
EIN352074729EIN
Legal Domicile StateINLegalDomicileStateCd
Share Of Total Income$15,814ShareOfTotalIncomeAmt
Share Of EOY Assets$381,575ShareOfEOYAssetsAmt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd
Ownership0.50000OwnershipPct

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1RSE SERVICESBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12777 S 840 W PO BOX 55AddressLine1Txt
CityMANILLACityNm
State AbbreviationINStateAbbreviationCd
ZIP46150ZIPCd
FieldValueIRS element (for citing)
EIN352072382EIN
Legal Domicile StateINLegalDomicileStateCd
Share Of Total Income$22,952ShareOfTotalIncomeAmt
Share Of EOY Assets$182,789ShareOfEOYAssetsAmt
Ownership1.00000OwnershipPct
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd