Lagrange County Rural Electric Membership Corporation is located in Lagrange, 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, Lagrange County Rural Electric Membership Corporation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lagrange 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, Lagrange County Rural Electric Membership Corporation generated $13.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $12.9m during the year ending 12/2021. While expenses have increased by 1.6% 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
AS A MEMBER OWNED, NON-PROFIT SERVICE ORGANIZATION, OUR MISSION IS TO PROVIDE EFFICIENT AND 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 |
---|---|---|---|
Mark Leu CEO | Officer | 40 | $165,201 |
Randy Troyer Technical Se | 40 | $117,525 | |
Jeff Brill Secretary/tr | OfficerTrustee | 2.74 | $14,475 |
Roger Domer President | OfficerTrustee | 2.83 | $14,100 |
Tony Bontrager Director | Trustee | 4.72 | $13,900 |
Cliff Hibbs Director | Trustee | 3.55 | $13,900 |
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 | $12,686,427 |
Investment income | $22,015 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $6,783 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $13,085,399 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,266 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $21,461 |
Compensation of current officers, directors, key employees. | $259,732 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $2,300 |
Other salaries and wages | $1,179,113 |
Pension plan accruals and contributions | $224,640 |
Other employee benefits | $287,399 |
Payroll taxes | $95,870 |
Fees for services: Management | $0 |
Fees for services: Legal | $76,275 |
Fees for services: Accounting | $18,650 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $108,066 |
Advertising and promotion | $6,229 |
Office expenses | $111,907 |
Information technology | $234,815 |
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 | $27,373 |
Interest | $329,946 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,020,008 |
Insurance | $101,128 |
All other expenses | $500,496 |
Total functional expenses | $12,856,643 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,137,608 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $908,220 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,217,327 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $23,184,239 |
Investments—publicly traded securities | $0 |
Investments—other securities | $5,112,118 |
Investments—program-related | $13,750 |
Intangible assets | $0 |
Other assets | $240,877 |
Total assets | $33,814,139 |
Accounts payable and accrued expenses | $2,466,765 |
Grants payable | $0 |
Deferred revenue | $5,292,185 |
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 | $8,615,430 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $536,373 |
Total liabilities | $16,910,753 |
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 | $1,148,501 |
Retained earnings, endowment, accumulated income, or other funds | $15,754,885 |
Total liabilities and net assets/fund balances | $33,814,139 |
Organization Name | Assets | Revenue |
---|---|---|
Black River Electric Cooperative Fredericktown, MO | $138,131,330 | $49,558,459 |
Shelby Energy Cooperative Inc Shelbyville, KY | $128,023,912 | $48,869,118 |
Tri-County Electric Cooperative Mount Vernon, IL | $133,948,921 | $48,522,537 |
Cumberland Valley Electric Co-Op Corp Gray, KY | $124,042,321 | $47,250,559 |
Kosciusko Rural Electric Membership Corporation Warsaw, IN | $103,207,559 | $50,256,556 |
Carroll White Remc Monticello, IN | $77,626,690 | $46,434,460 |
New Mac Electric Cooperative Inc Neosho, MO | $135,294,797 | $45,962,047 |
Rushshelby Energy Rural Electric Cooperative Inc Manilla, IN | $101,755,271 | $47,128,138 |
Utilities District Of Western Ind Rural Electric Membership Corp Bloomfield, IN | $108,840,667 | $45,748,725 |
Bartholomew County Rural Electric Membership Corporation Columbus, IN | $73,524,777 | $45,185,369 |
Three Rivers Electric Cooperative Linn, MO | $111,680,117 | $44,711,641 |
Semo Electric Cooperative Sikeston, MO | $155,297,219 | $43,598,236 |