2025-10-22T13:38:31-05:00 2024-12-31 363163136 LWG CPAS & ADVISORS 101 WEST OHIO STREET SUITE 1401 INDIANAPOLIS IN 46204 990 2024-01-01 352068789 RUSHSHELBY ENERGY RURAL ELECTRIC MEMBERSHIP CORPORATION RUSH 7655442600 2777 S 840 W MANILLA IN 46150 CHRISTOPHER M CHASTAIN PRESIDENT & CEO 7655442600 2025-10-22 1 1 EARL L RIDLEN P00987829 3176344747 2024 2025-03-06 01:10:19Z SAM KINDER 2777 S 840 W MANILLA IN 46150 59126202 0 X RSE.COOP X 1999 IN RUSHSHELBY ENERGY IS A DISTRIBUTION ELECTRIC COOPERATIVE PROVIDING SALES OF ELECTRICITY AND RELATED EQUIPMENT AND SERVICES TO MEMBERS OF OUR RURAL ELECTRIC MEMBERSHIP COOPERATIVE. 9 9 59 0 0 0 0 0 54021730 57186924 147145 286251 1623703 1348156 55792578 58821331 0 0 1546344 1578615 3227210 3659216 0 0 0 49373474 52076681 54147028 57314512 1645550 1506819 108293851 106698265 56497133 52597301 51796718 54100964 RUSHSHELBY ENERGY IS A DISTRIBUTION ELECTRIC COOPERATIVE PROVIDING ELECTRICITY AND SERVICES TO THE MEMBERS OF OUR RURAL ELECTRIC MEMBERSHIP COOPERATIVE 0 0 57314512 58535080 DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS 57314512 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 52 0 59 1 0 0 0 0 0 0 0 58046523 1512356 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 IN X SAM KINDER - VP ACCOUNTING & FINANCE 7655442600 2777 S 840 W MANILLA IN 46150 DEAN BACON VICE CHAIRMAN 3.62 X X 10000 0 0 ANN SIPES DIRECTOR 3.64 X 11800 0 0 MARK NIGH DIRECTOR 2.69 X 9050 0 0 FRED SMITH DIRECTOR 6.48 X 9200 0 0 BOB STROUP DIRECTOR 13.84 X 11000 0 0 KEITH THEOBALD DIRECTOR 3.39 X 10800 0 0 CHARLES SMITH CHAIRMAN 7.44 X X 11900 0 0 BRUCE EVERHART DIRECTOR 7.37 X 14350 0 0 JILL KOCH SECRETARY 6.92 X X 9600 0 0 CHRISTOPHER M CHASTAIN CEO 47.23 X 222373 0 103002 SAM KINDER CFO 43.89 X 131594 0 76931 TONY ADKINS LINEMAN - SERVICEMAN 53.92 X 160780 0 61214 DAVID TOLL VP - MARKETING & MEMBER SE 43.29 X 149967 0 77795 JAYLIN BROWN LINEMAN 51.60 X 145538 0 57463 NATHANIEL BEST LINEMAN 50.42 X 140209 0 64597 JIM DRAPER VP - ENGINEERING 44.36 X 135794 0 73986 1183955 0 514988 21 0 1 0 TOWNSEND TREE SERVICE INC PO BOX 7015 MUNCIE IN 47308 LINE CLEARANCE 2402390 ANIXTER POWER SOLUTIONS INC PO BOX 4851 ORLANDO FL 32802 INVENTORY AND MATERIALS 1265175 UNITED UTILITY SUPPLY PO BOX 32170 LOUISVILLE KY 40232 INVENTORY AND MATERIALS 644635 AMPP CONSTRUCTION LLC PO BOX 65 WINCHESTER IN 47394 LINE CONSTRUCTION 635775 MILLDRILL 4820 W 100 S RUSHVILLE IN 46173 URD CONSTRUCTION 331020 10 ELECTRIC SALES 221000 56491942 56491942 PENALTIES AND MISC REVENUE 221000 694982 694982 57186924 253609 253609 127919 7186 120733 120733 120733 56211 23569 32642 32642 32642 275434 274116 1318 1318 PATRONAGE CAPITAL REVENUE 900001 1226105 1226105 1226105 58821331 58535080 0 286251 1578615 1578615 631600 631600 2166895 2166895 860721 860721 60086 60086 41869 41869 24799 24799 386401 386401 40716 40716 12093 12093 674555 674555 463027 463027 72709 72709 1763556 1763556 248100 248100 3695533 3695533 155189 155189 PURCHASED POWER 37646147 37646147 OPERATION, MAINT, AND C 4514267 4514267 RIGHT OF WAY 2272097 2272097 5537 5537 57314512 57314512 0 0 3228130 5540151 3806813 5641207 96716 64477 2320377 1503131 137892 285020 95869700 26948128 70203437 68921572 28057769 24432704 442717 310003 108293851 106698265 5441003 3582976 51011005 48393104 45125 621221 56497133 52597301 X 70829 67824 3880714 4200524 47845175 49832616 51796718 54100964 108293851 106698265 X 1506819 797427 X X 1 X 1 X 1 0 2000 IEC STATE PAC 11805 PENNSYLVANIA STREET CARMEL IN 46032 351499808 2000 PART I-A, LINE 1: MONETARY DONATIONS 130162 130162 4023267 1596613 2426654 91716271 25351515 66364756 68921572 CAPITAL CERTIFICATES - CFC 1281572 C INVESTMENT - CFC 1825419 C INVESTMENT - HOOSIER ENERGY 19925860 C INVESTMENT - IEC 113667 C INVESTMENT - NISC 126913 C INVESTMENT - NRTC 447491 C FEDERATED INVESTMENT 183499 C UNITED UTILITY INVESTMENT 141297 C ALL OTHER INVESTEMENTS 386986 C 24432704 PREPAID CONSTRUCTION ADVANCE 43741 MYSOLAR INVESTMENT 167 DUE TO AFFILIATES 124624 POST RETIREMENT OBLIGATION 452689 621221 X 58821331 0 58821331 0 58821331 57314512 0 57314512 0 57314512 PART X, LINE 2: RUSHSHELBY 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. X X X 0 0 0 CHRISTOPHER M CHASTAIN CEO 222373 0 0 0 0 0 103002 0 0 0 325375 0 0 0 TONY ADKINS LINEMAN - SERVICEMAN 160780 0 0 0 0 0 61214 0 0 0 221994 0 0 0 MARK NIGH SEE BELOW 204091 SEE BELOW 0 BOB STROUP SEE BELOW 39781254 SEE BELOW 0 BRUCE EVERHART SEE BELOW 3935937 SEE BELOW 0 CHRISTOPHER M CHASTAIN SEE BELOW 60898 SEE BELOW 0 SCHEDULE L, PART IV, LINE 1 INDIVIDUAL 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 2 INDIVIDUAL 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 3 INDIVIDUAL 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 4 INDIVIDUAL 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. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF THE REMC CONSIST OF THOSE WHO RECEIVE ELECTRICITY FROM THE CO-OP. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING BASED ON THE DISTRICT THEY LIVE IN. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS TO BE MADE BY THE BOARD OF DIRECTORS MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C THE BOARD REVIEWS THE POLICIES REGULARLY AND EMPLOYEES ARE KEPT UP-TO-DATE. FORM 990, PART VI, SECTION B, LINE 15 RUSHSHELBY 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 19 CERTAIN 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 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR IN REGARDS TO THE OVERSIGHT OR SELECTION PROCESS. RSE PROPANE 2777 S 840 W PO BOX 55 MANILLA IN 46150 352074729 IN 15814 381575 0 0 0.50000 RSE SERVICES 2777 S 840 W PO BOX 55 MANILLA IN 46150 352072382 IN 22952 182789 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0