Clark County Rural Electric Membership Corporation is located in Sellersburg, IN. The organization was established in 1940. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Clark County Rural Electric Membership Corporation employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clark County Rural Electric Membership Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Clark County Rural Electric Membership Corporation generated $61.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $58.1m during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EFFICIENTLY DELIVER SAFE, RELIABLE ELECTRIC SERVICE TO OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David A Vince General Manager | Officer | 50 | $300,002 |
David W Barton Mgr. Of Operations & Engineering | 50 | $174,396 | |
Jeremy R Miller Mgr. Of Finance & Admin./asst. Treasurer | Officer | 50 | $166,734 |
Jerry Applegate Working Foreman | 51 | $144,399 | |
Nathan Clayton Journeyman Lineman | 51 | $138,640 | |
Kevin Crouse Sr Working Foreman | 50 | $136,910 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Electricom Llc Construction | 12/30/21 | $2,026,736 |
Townsend Tree Service Right-of-way Maintenance | 12/30/21 | $1,270,511 |
Saltsgaver Construction Co Construction | 12/30/21 | $956,820 |
Usic Locating Services Llc Locating/field Work | 12/30/21 | $284,207 |
Osmose Utilities Services Inc Equipment Preservation | 12/30/21 | $234,428 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $58,986,229 |
Investment income | $53,236 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $11,435 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $12,077 |
Miscellaneous Revenue | $0 |
Total Revenue | $61,267,115 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $990,884 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,300,256 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $72,044 |
Fees for services: Accounting | $17,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $110,820 |
Advertising and promotion | $6,560 |
Office expenses | $164,517 |
Information technology | $634,613 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $77,038 |
Interest | $2,387,884 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,803,776 |
Insurance | $103,760 |
All other expenses | $1,435,141 |
Total functional expenses | $58,109,782 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,184,602 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $7,147,975 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $736,343 |
Prepaid expenses and deferred charges | $1,006,455 |
Net Land, buildings, and equipment | $110,210,700 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $29,859,329 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $150,145,404 |
Accounts payable and accrued expenses | $7,831,581 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $62,655,927 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,103,737 |
Total liabilities | $72,591,245 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $77,554,159 |
Total liabilities and net assets/fund balances | $150,145,404 |
Organization Name | Assets | Revenue |
---|---|---|
Northeastern Rural Electric Membership Corporation Columbia City, IN | $154,005,839 | $126,158,719 |
Salt River Electric Bardstown, KY | $187,060,575 | $114,408,015 |
Jackson Energy Cooperative Corporat Ion Inc Mckee, KY | $284,949,026 | $109,799,636 |
N W Electric Power Cooperative Inc Cameron, MO | $276,321,789 | $107,924,696 |
Hendricks County Rural Electric Membership Corporation Danville, IN | $222,904,007 | $97,103,288 |
South Central Indiana Rural Electric Membership Corporation Martinsville, IN | $273,130,010 | $92,514,436 |
Northeast Missouri Electric Power Cooperative Palmyra, MO | $173,630,221 | $92,260,519 |
West Kentucky Rural Electric Cooperative Corporation Mayfield, KY | $175,044,197 | $94,020,746 |
Southeastern Illinois Electric Carrier Mills, IL | $211,832,578 | $85,978,289 |
Corn Belt Electric Cooperative Inc Bloomington, IL | $225,280,163 | $84,317,914 |
Nolin Rural Electric Cooperative Corporation Elizabethtown, KY | $169,060,241 | $80,995,142 |
Fleming-Mason Energy Cooperative Inc Flemingsburg, KY | $142,667,683 | $79,467,396 |