2024-05-09T09:29:46-04:00 2023-12-31 351679361 LEONARD J ANDORFER & CO LLP 110 W BERRY STREET STE 2202 FORT WAYNE IN 468022311 990 2023-01-01 350687680 STEUBEN COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION STEU 2606653563 P O BOX 359 ANGOLA IN 46703 KEVIN KEISER CEO 2606653563 2024-04-26 true KEVIN KEISER 999009999 true MARK J ANDORFER CPA P00017582 2604239405 2024-04-26 2023 2023-04-26 12:10:37Z KEVIN KEISER P O BOX 359 ANGOLA IN 46703 27237127 false X WWW.REMCSTEUBEN.COM X 1937 IN ELECTRIC COOPERATIVE 10 10 36 0 0 24301619 26312065 23269 22261 396180 902801 24721068 27237127 0 0 2969159 3235987 0 0 20905764 22820312 23874923 26056299 846145 1180828 49035276 72326480 27484229 49547089 21551047 22779391 ELECTRIC COOPERATIVE false false DISTRIBUTION OF ELECTRICITY AND RELIABLE HIGH SPEED INTERNET TO RURAL CUSTOMERS false false true false false false false false false true true false false true true true true false false false false false false false false false false false true false false false false false true false false false false false true false false true 12 0 true 36 true false false false false false 26312065 925062 false false false X 10 10 false false false false true true true true true false false true true true true true true true true false X STEVE SMITH 2606653563 1212 S WAYNE ANGOLA IN 46703 WAYNE GINGRICH PRES 6.29 X X 15200 0 0 LARRY JACK V PRES 2.52 X X 8000 0 0 GARY SHOUGH SEC/TREAS 4.00 X X 8800 0 0 MARC NELSON DIRECTOR 2.70 X 10000 0 0 CARTER SNIDER DIRECTOR 5.49 X 8000 0 0 MICHAEL KURTZ DIRECTOR 9.04 X 8000 0 0 WILLIAM SNYDER DIRECTOR 5.44 X 10400 0 0 SCOTT CHARTERS DIRECTOR 1.48 X 4000 0 0 NEASA KALME DIRECTOR 3.52 X 6000 0 0 SAMUEL GUS REED DIRECTOR 3.48 X 6800 0 0 KEVIN KEISER CEO 50.00 X 209607 0 28121 294807 28121 1 false true false SALE OF ELECTRICITY 221000 26312065 26312065 26312065 22261 22261 PATRONAGE CREDITS 221000 900102 900102 MISCELLANEOUS 517000 2699 2699 902801 27237127 27212167 24960 322928 1695661 570551 462648 184199 8001 19000 6614 85279 121859 231495 910424 1658950 58316 COST OF POWER 17421940 ADMINISTRATIVE AND GENERA 1046367 MAINTENANCE 374844 CUSTOMER ACCOUNTS EXPENSE 354894 522329 26056299 0 0 0 355967 261632 1794788 644743 2420758 2729200 962110 976946 197195 174409 75510484 17097130 34880077 58413354 8259362 9043501 370 370 164649 82325 49035276 72326480 2726353 2682811 23080957 44906150 1676919 1958128 27484229 49547089 X 219985 221770 2129139 2244454 19201923 20313167 21551047 22779391 49035276 72326480 X 1180828 47516 X false true X true false 2000 2000 2000 true INDIANA FORE 8888 KEYSTONE CROSSING STE 1600 INDIANAPOLIS IN 46240 351998087 2000 62871 62871 2752223 1132703 1619520 72695390 15964427 56730963 58413354 55265 C INVESTMENT IN ASSOC ORGANIZATION 8988236 C 9043501 CONSUMER DEPOSITS 442632 ACCRUED INTEREST 373811 ACCRUED TAXES 270019 ADVANCED BILLING 269103 POST RETIREMENT BENEFITS 253821 ACCRUED PAYROLL 251160 EMPLOYEE WITHHOLDINGS 27687 OTHER DEFERRED CREDITS 26311 PATRONAGE CAPITAL PAYABLE 23801 401K PAYABLE 12823 OPERATION ROUNDUP 5882 OTHER 1078 1958128 X 27237127 27237127 27237127 26056299 26056299 26056299 SCHEDULE D, PAGE 3, PART X THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTIONS 501(C)(12) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED FASB ASC 740-10-25, AND DETERMINED NO MATERIAL UNRECOGNIZED TAX BENEFITS OR LIABILITIES EXIST AS OF DECEMBER 31, 2023 AND 2022. THE ADOPTION OF FASB ASC 740-10-25 DID NOT IMPACT THE CORPORATION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. IF APPLICABLE, THE CORPORATION WILL RECOGNIZE INTEREST AND PENALTIES RELATED TO UNDERPAYMENT OF INCOME TAXES AS INCOME TAX EXPENSE. AS OF DECEMBER 31, 2023 AND 2022, THE CORPORATION HAD NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE CORPORATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. THE CORPORATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY FEDERAL OR STATE AGENCIES FOR YEARS BEFORE 2020. false false false KEVIN KEISER CEO 209607 28121 237728 WABASH VALLEY POWER ASSOCIATION DIRECTOR DIRECTOR COMP false SCHEDULE L, PART V DIRECTOR WAYNE GINGERICH ALSO SERVES AS A DIRECTOR FOR WABASH VALLEY POWER ASSOCIATION. THE COOP PURCHASES ALL OF THEIR POWER FROM WABASH VALLEY. FORM 990, PAGE 6, PART VI, LINE 6 ALL USERS OF UTILITY ARE MEMBERS OF REMC. FORM 990, PAGE 6, PART VI, LINE 7A BOARD OF DIRECTORS ARE ELECTED BY MEMBERS ON ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 7B ITEMS SUBJECT TO MEMBER APPROVAL ARE VOTED ON AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AT THE MONTHLY MEETING PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY BOARD. BOARD TAKES CORRECTIVE ACTION FOR ALL CONFLICTS OF INTEREST. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 15A SALARY INCREASES ARE ESTABLISHED USING THE FOLLOWING: COMPENSATION COMMITTEE, REFERENCE TO THE NRECA NATIONAL COMPENSATION SURVEY, AND FINALLY APPROVAL BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 15B SALARY INCREASES ARE ESTABLISHED USING THE FOLLOWING: COMPENSATION COMMITTEE, REFERENCE TO THE NRECA NATIONAL COMPENSATION SURVEY, AND FINALLY APPROVAL BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE AT ANNUAL MEETING AND UPON REQUEST. FORM 990, PART XI, LINE 9 MEMBERSHIPS 1,785 TRANSFERS 131,052 INCOME FROM SUBSIDIARY 76 PATRONAGE CAPITAL REFUNDS -69,660 UNRECOGNIZED RETIREMENT LOSS -15,737 TOTAL 47,516 RE-COMM INC PO BOX 359 ANGOLA IN 46703 352232222 TELE/INTER IN STEUBEN COUNTY REMC C CORP 2945 85403 1.00000 false true false false true false false false false false false false false false false true false false false false RE-COMM INC A