DAVIESS-MARTIN COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2012
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- Organization
- DAVIESS-MARTIN COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 35-0261964)
- Tax period
- 2012-01-01 to 2012-12-31
- Filed
- 2013-05-09
- IRS object ID
- 201341299349301299
- Schema version
- 2012v2.1
- 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) |
|---|---|---|
| Timestamp | 2013-05-09T12:33:02-05:00 | Timestamp |
| Tax Period End Date | 2012-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363163136 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LONDON WITTE GROUP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1776 N MERIDIAN ST | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46202 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 350261964 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVIESS-MARTIN COUNTY REMC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | DAVI | NameControl |
| Phone | 8122954200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12628 E 75 N | AddressLine1 |
| City | LOOGOOTEE | City |
| State | IN | State |
| ZIP Code | 47553 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KENNETH FRYE | Name |
| Title | GENERAL MANAGER | Title |
| Phone | 8122954200 | Phone |
| Date Signed | 2013-05-06 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | EARL L RIDLEN | Name |
| PTIN | P00987829 | PTIN |
| Phone | 3176344747 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | ROBERT WILSON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12628 E 75 N | AddressLine1 |
| City | LOOGOOTEE | City |
| State | IN | State |
| ZIP Code | 47553 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 35191340 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.DMREMC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1939 | YearFormation |
| State Legal Domicile | IN | StateLegalDomicile |
| Activity Or Mission Description | TO PROVIDE DEPENDABLE ELECTRICITY AND QUALITY SERVICES FOR OUR MEMEMBERS AT REASONABLE COST | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 7 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 6 | NbrIndependentVotingMembers |
| Total Nbr Employees | 28 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 37574 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 31990466 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 33617149 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 109421 | InvestmentIncomePriorYear |
| Investment Income Current Year | 73225 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1592845 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1433927 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 33692732 | TotalRevenuePriorYear |
| Total Revenue Current Year | 35124301 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 811733 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 971764 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 30705042 | OtherExpensePriorYear |
| Other Expenses Current Year | 32431807 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 31516775 | TotalExpensesPriorYear |
| Total Expenses Current Year | 33403571 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2175957 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1720730 | RevenuesLessExpensesCY |
| Total Assets BOY | 44028601 | TotalAssetsBOY |
| Total Assets EOY | 44880241 | TotalAssetsEOY |
| Total Liabilities BOY | 16133951 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 16755396 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 27894650 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 28124845 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO PROVIDE DEPENDABLE ELECTRICITY AND QUALITY SERVICES FOR OUR MEMBERS AT REASONABLE COST. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 33391699 | Expense |
| Revenue | 33617149 | Revenue |
| Description | DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS | Description |
| Total Program Service Expense | 33391699 | TotalProgramServiceExpense |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 1 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 15 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 28 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Gross Income From Members | 33617149 | GrossIncomeFromMembers |
| Gross Income Other Sources | 1495280 | GrossIncomeOtherSources |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 7 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 6 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 1 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | IN | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VP OF FINANCE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8122954200 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 12628 E 75 N | AddressLine1 |
| City | LOOGOOTEE | City |
| State | IN | State |
| ZIP Code | 47553 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (14 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee | FormerFormer |
|---|---|---|---|---|---|---|---|---|
| STEVE STREEPY | ||||||||
| PRESIDENT | 4.20 | X | X | 9820 | 0 | 17012 | ||
| DEAN HARRAWOOD | ||||||||
| VICE-PRESIDENT | 3.30 | X | X | 6420 | 0 | 17012 | ||
| MICHAEL ARVIN | ||||||||
| SECRETARY | 2.70 | X | X | 6820 | 0 | 0 | ||
| AUGUST BAUER | ||||||||
| TREASURER | 3.50 | X | X | 5620 | 0 | 7734 | ||
| TERRY CHAPMAN | ||||||||
| DIRECTOR | 2.70 | X | 5020 | 0 | 17012 | |||
| DALE MARCHINO | ||||||||
| DIRECTOR | 2.00 | X | 5420 | 0 | 7734 | |||
| JOHN EDWARDS | ||||||||
| DIRECTOR | 5.60 | X | 7020 | 0 | 0 | |||
| KENNETH FRYE | ||||||||
| EXEC VP/GEN MANAGER | 40.00 | X | 114440 | 0 | 41425 | |||
| ROBERT WILSON | ||||||||
| MANAGER OF FINANCE | 40.00 | X | 89446 | 0 | 25688 | |||
| STEVEN EMBERTON | ||||||||
| LINEMAN | 48.90 | 100266 | 0 | 13495 | X | |||
| DENNIS WILSON | ||||||||
| LINEMAN | 51.40 | 103036 | 0 | 31368 | X | |||
| GARY POTTS | ||||||||
| LINEMAN | 49.70 | 100667 | 0 | 31368 | X | |||
| JOHN CARROLL | ||||||||
| FORMER DIRECTOR | 0.00 | 10211 | 0 | 0 | X | |||
| BERNARD HARKER | ||||||||
| FORMER DIRECTOR | 0.00 | 10211 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 574417 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 209848 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 1 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (2 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ELECTRICOM LLC | |||||
| PO BOX 319 | PAOLI | IN | 47454 | CONSTRUCTION | 869736 |
| TOWNSEND TREE SERVICE | |||||
| PO BOX 128 | PARKER CITY | IN | 47368 | TRIM TREES AND CLEAR RIGHT-OF-WAY | 765696 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 2 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | ELECTRIC SALES | Description |
| Business Code | 221000 | BusinessCode |
| Total Revenue Column | 33617149 | TotalRevenueColumn |
| Related Or Exempt Function Income | 33617149 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 33617149 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 68410 | TotalRevenueColumn |
| Exclusion | $68,410 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 14500 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9685 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4815 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4815 | TotalRevenueColumn |
| Exclusion | $4,815 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 59681 | GrossSalesOfInventory |
| Cost Of Goods Sold | 57354 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2327 | TotalRevenueColumn |
| Unrelated Business Revenue | 2327 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| PATRONAGE CAPITAL | 221000 | 1395131 | $1,395,131 | |
| 990-T REVENUES | 541900 | 35247 | 35247 | |
| EQUITY IN EARNINGS OF SUBSIDIARY | 221000 | 1222 | $1,222 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1431600 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 35124301 | TotalRevenueColumn |
| Related Or Exempt Function Income | 33617149 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 37574 | UnrelatedBusinessRevenue |
| Exclusion | $1,469,578 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 784265 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 187499 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 38961 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 486376 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1285775 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| PURCHASED POWER | 26879520 |
| EQUIPMENT RENTAL & MAIN | 1642571 |
| GENERAL AND ADMIN EXPEN | 514840 |
| INDIANA GROSS TAX | 482297 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1101467 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33403571 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1003383 | BOY |
| EOY | 1087549 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1000000 | BOY |
| EOY | 2150000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3406095 | BOY |
| EOY | 3668198 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 516076 | BOY |
| EOY | 513545 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78486 | BOY |
| EOY | 74113 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 38636796 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 12645585 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25838256 | BOY |
| EOY | 25991211 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 12104202 | BOY |
| EOY | 11349974 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82103 | BOY |
| EOY | 45651 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44028601 | BOY |
| EOY | 44880241 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4129542 | BOY |
| EOY | 4500211 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10272374 | BOY |
| EOY | 9733763 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1732035 | BOY |
| EOY | 2521422 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16133951 | BOY |
| EOY | 16755396 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27894650 | BOY |
| EOY | 28124845 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27894650 | BOY |
| EOY | 28124845 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44028601 | BOY |
| EOY | 44880241 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1720730 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -1490535 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | 400 | PoliticalExpenditures |
| Amt Of Internal Funds Contributed | 400 | AmtOfInternalFundsContributed |
| Total Exmpt Function Expenditures | 400 | TotalExmptFunctionExpenditures |
| Form1120 Pol Filed | 1 | Form1120PolFiled |
Sec527 Pol Orgs Sec527PolOrgs (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Amt Pd From Internal FundsAmtPdFromInternalFunds |
|---|---|---|---|---|---|
| INDIANA FORE | |||||
| 720 N HIGH SCHOOL ROAD | INDIANAPOLIS | IN | 46214 | 351998087 | 200 |
| ACRE | |||||
| 720 N HIGH SCHOOL ROAD | INDIANAPOLIS | IN | 46214 | 351811125 | 200 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: | Identifier |
| Return Reference | PART I-A, LINE 1: | ReturnReference |
| Explanation | MONETARY DONATIONS | Explanation |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 122000 | InvestmentCostOrOtherBasis |
| Book Value | 122000 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 38514796 | InvestmentCostOrOtherBasis |
| Depreciation | 12645585 | Depreciation |
| Book Value | 25869211 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 25991211 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (10 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| INDIANA STATEWIDE | 48769 | F |
| NCSC | 100 | F |
| CRC | 12500 | F |
| PATRONAGE CAPITAL | 10704225 | F |
| CFC | 1000 | F |
| CTC | 526525 | F |
| HOOSIER ENERGY | 1105 | F |
| NRTC | 1000 | F |
| FREIC | 24750 | F |
| SERVCO LLC | 30000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 11349974 | TotalOfBookValueSecurities |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| CUSTOMER ADVANCES IN CONSTRUCTION | $1,070,183 |
| PATRONAGE CAPITAL PAYABLE | $1,451,239 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 2521422 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 35124301 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 35124301 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 35124301 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 33403571 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 33403571 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 33403571 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | 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 AN UNCERTAIN TAX POSITION. |
| SEE SCHEDULE O FOR ADDITIONAL INFORMATION RELATING TO PATRONAGE RETIREMENTS. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KENNETH FRYE | ||||||||||||||
| EXEC VP/GEN MANAGER | 114440 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41425 | 0 | 155865 | 0 | 0 | 0 |
| JOHN CARROLL | ||||||||||||||
| FORMER DIRECTOR | 10211 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10211 | 0 | 0 | 0 |
| BERNARD HARKER | ||||||||||||||
| FORMER DIRECTOR | 10211 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10211 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | AUGUST BAUER | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | BOARD MEMBER | Relationship |
| Description Of Transaction | PURCHASED POWER: DAVIESS MARTIN COUNTY REMC HAS A COMMITMENT TO PURCHASE POWER FROM HOOSIER ENERGY, WHICH IS A TAXABLE COOPERATIVE ENTITY. MR. BAUER SITS ON THE BOARD OF DIRECTORS OF HOOSIER ENERGY. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| 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 DEPENDING 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 11 | 990 WILL BE REVIEWED AT THE APRIL BOARD MEETING BEFORE IT IS FILED. | |
| 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 C, LINE 19 | THE MEMBERS HANDBOOK AND BYLAWS ARE MAILED TO NEW MEMBERS AND ARE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| FORM 990, PART VII | JOHN CARROLL - 5703 E 75 N, PLAINVILLE, IN 47568. BERNARD HARKER - 3571 DAVIS SCHOOL ROAD, SHOALS, IN 47581. | CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC |
| FORM 990, PART XI, LINE 9: | CHANGE IN COMPREHENSIVE INCOME -59,100. PATRONAGE RETIRED -1,431,435. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| PART XII, LINE 2C | THERE HAS BEEN NO CHANGE IN THE PROCESS REGARDING OVERSIGHT OF THE AUDIT FROM THE PRIOR YEAR. | OVERSIGHT OF AUDIT |
| FORM 990, PART IX, LINE 4 | THE COOPERATIVE HAS SHOWN PATRONAGE RETIREMENTS PAID TO ITS MEMBERS IN THE OTHER CHANGES IN EQUITY SECTION OF THIS RETURN ON FORM 990, PART XI, LINE 5. THIS PRESENTATION IS CONSISTENT WITH THE PRESENTATION IN PRIOR RETURNS AS WELL AS WITH PROPER ACCOUNTING PROCEDURES FOR EQUITY TRANSACTIONS. THE COOPERATIVE HAS NOT SHOWN ANY AMOUNT OF PATRONAGE RETIREMENTS ON FORM 990, PART IX, LINE 4. THE REASON THAT LINE 4 OF SECTION IX DOES NOT INCLUDE ANY RETIREMENTS FROM PATRONAGE IS DUE TO THE FACT THAT NONE OF THE AMOUNTS THAT WERE RETIRED FROM THE PATRONAGE OF THE COOPERATIVE WERE OPERATING EXPENDITURES, BUT RATHER WERE MERELY A RETURN OF THE COOPERATIVES EQUITY. THE PRESENTATION SHOWN BY THE COOPERATIVE WAS DONE IN ORDER TO ADEQUATELY SUPPLY ALL NECESSARY INFORMATION TO THE SERVICE AS WELL AS ACCURATELY DISCLOSE THE ACTIVITY OF THE COOPERATIVE FOR THE YEAR. | PATRONGE RETIREMENTS |