2024-05-13T10:26:18-07:00 2023-12-31 990 2023-01-01 350549925 NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP NOBL 2606362113 PO BOX 137 ALBION IN 46701 Ronald L Raypole President & CEO 2606362113 2024-05-13 Ronald L Raypole 999009999 1 1 11 0 AAL2 X 2023 2023-04-26 12:10:37Z RONALD L RAYPOLE 300 WEBER ROAD ALBION IN 46701 26598411 0 X www.nobleremc.com X 1936 IN AS A MEMBER-OWNED, NOT-FOR-PROFIT SERVICE ORGANIZATION, OUR MISSION IS TO PROVIDE AFFORDABLE, RELIABLE AND SAFE ELECTRIC SERVICE TO OUR MEMBERS. 9 9 37 0 0 0 0 0 25330655 25449306 81692 125519 477540 1022606 25889887 26597431 0 0 757541 514740 3503508 3485250 0 0 0 21831152 22024591 26092201 26024581 -202314 572850 42626077 43334145 15852444 15928660 26773633 27405485 AS A MEMBER-OWNED, NOT-FOR-PROFIT SERVICE ORGANIZATION, OUR MISSION IS TO PROVIDE AFFORDABLE, RELIABLE AND SAFE ELECTRIC SERVICE TO OUR MEMBERS. 0 0 DISTRIBUTION OF ELECTRICITY TO RURAL MEMBERS 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 23 0 1 37 1 0 0 0 0 0 25449306 1148125 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X NOBLE REMC C/O ADAM CHITWOOD 2606362113 PO BOX 137 ALBION IN 46701 RONALD RAYPOLE PRESIDENT & CEO 50 0 X 240711 0 96046 DOUGLAS DICKMEYER MANAGER OF OPERATIONS 45 0 X 152752 0 63623 SARAH DREIBELBIS OFFICE MANAGER 45 0 X 109959 0 68033 DOUGLAS EGGL LINEMAN 47 0 X 121808 0 46070 ADAM CHITWOOD MANAGER OF FINANCE/ACCOUNTING 45 0 X 122133 0 37231 JUSTIN FRY LINEMAN 45 0 X 113614 0 33355 CODY KIRKPATRICK LINEMAN 43 0 X 107491 0 36004 GEORGE BENNETT DIRECTOR 4.2 0 X 11165 0 0 RICHARD ROBERTSON CHAIRMAN 4.0 0 X X 10650 0 0 JAY WYSONG DIRECTOR 3.8 0 X 10600 0 0 WILLIAM KNOX TREASURER 5.3 0 X X 10220 0 0 JOE HUTSELL DIRECTOR 3.2 0 X 10005 0 0 LARRY OTT DIRECTOR 3.3 0 X 10005 0 0 MARK DEMSKE DIRECTOR 4.4 0 X 9440 0 0 DOUG BURNWORTH VICE CHAIRMAN 5.1 0.0 X X 9408 0 0 ANDREW STRACK SECRETARY 2.3 0 X X 9285 0 0 1059246 0 380362 11 0 1 0 0 0 ELECTRIC UTILITY INCOME 221000 25449306 25449306 0 0 0 0 0 0 25449306 101299 0 0 101299 0 0 0 0 0 0 0 0 0 0 0 25200 0 980 0 24220 24220 24220 0 0 CAPITAL CREDIT INCOME 221000 993318 0 0 993318 MISCELLANEOUS INCOME 900099 29288 0 0 29288 0 0 0 0 1022606 26597431 25473526 0 1123905 0 514740 484241 1958692 412303 458505 171509 10511 15700 2000 0 16879 89408 303703 147148 107323 31279 479025 1745787 73003 COST OF POWER 17569332 OPERATION & MAINT DISTRIBUTION 770180 ADMIN/CUSTOMER SERVICE/CUSTOMER ACCT 528334 PROPERTY/UTILITY RECEIPTS TAX 134979 26024581 0 0 0 1417316 954160 2687960 2694520 448730 502638 529826 636853 52968344 25379932 27488508 27588412 10049275 10953100 4462 4462 42626077 43334145 1872791 1656987 11578649 11779333 2401004 2492340 15852444 15928660 X 0 0 2328370 2609108 24445263 24796377 26773633 27405485 42626077 43334145 572850 59002 0 0 0 0 X 0 1 X 1 0 2000 0 0 0 0 1 INDIANA FORE 888 KEYSTONE CROSSING SUITE 1600 INDIANAPOLIS IN 46240 351998087 2000 850 AMERICA'S ELECTRIC COOPERATIVE PAC 4301 WILSON BLVD STE 8 ARLINGTON VA 222031867 526147497 0 550 Schedule C, Part I-A, Line 1 CONTRIBUTIONS TO POLITICAL ACTION COMMITTEES 0 182877 182877 0 3365951 1483733 1882218 0 0 0 0 0 49419516 23896199 25523317 0 0 0 0 27588412 INVESTMENT IN ASSOCIATED ORGANIZATIONS 10472549 C DEFERRED COMP 457(B) PLAN 480551 F 10953100 0 POST RETIREMENT BENEFITS 617266 DEFFERED COMP 480551 ACCRUED TAXES 307694 CONSUMER DEPOSITS 212105 PATRONAGE CAPITAL PAYABLE 532863 ACCRUED VACATION/PAYROLL 255630 ACCRUED INTEREST/EXPENSES 74119 EMPLOYEE WITHHOLDINGS 12112 2492340 X 26656433 59002 0 0 0 59002 26597431 0 0 0 26597431 25509841 0 0 0 0 0 25509841 0 514740 514740 26024581 Schedule D, Part X, Line 2 THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)12 OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADPOTED FASB ASC 740-10-25 AND DETERMINED NO MATERIAL UNRECOGNIZED TAX BENEFITS OR LIABILITIES EXIST AS OF DECEMBER 31, 2023. 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, THE CORPORATION HAD 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 THE INTERNAL REVENUE SERVICE FOR THE YEARS BEFORE 2020. Schedule D, Part XII, Line 4b CAPITAL CREDITS PAID TO MEMBERS X 1 1 X X X X 0 1 0 RONALD RAYPOLE PRESIDENT & CEO 210842 0 17704 0 12165 0 64476 0 31570 0 336757 0 0 0 DOUGLAS DICKMEYER MANAGER OF OPERATIONS 143694 0 7293 0 1766 0 34437 0 29185 0 216375 0 0 0 SARAH DREIBELBIS OFFICE MANAGER 102809 0 5683 0 1467 0 37891 0 30142 0 177992 0 0 0 DOUGLAS EGGL LINEMAN 119097 0 1529 0 1182 0 21069 0 25001 0 167878 0 0 0 ADAM CHITWOOD MANAGER OF FINANCE/ACCOUNTING 116115 0 5662 0 355 0 11668 0 25564 0 159364 0 0 0 Schedule J, Part I, Line 1a CEO EMPLOYMENT AGREEMENT HAS AN EXPENSE REIMBURSEMENT THAT "AGREES TO PAY REASONABLE AND NECESSARY TRANSPORTATION, MEALS AND LODGING EXPENSES INCURRED AS THE RESULT OF THE CEO'S SPOUSE ACCOMPANYING HIM ON BUSINESS TRIPS." Schedule J, Part I, Line 4 CEO PARTICIPATES IN A NON-QUALIFIED 457(B) DEFERRED COMPENSATION PLAN. TOTAL CONTRIBUTIONS TO THE PLAN FOR 2023 WERE $19,500. Form 990, Part VI, Section A, Line 6 ALL CUSTOMERS ARE ALSO MEMBERS OF THE REMC. Form 990, Part VI, Section A, Line 7a DIRECTORS ARE ELECTED ANNUALLY BY THE MEMBERS OF THE COOPERATIVE. Form 990, Part VI, Section A, Line 7b DECISIONS SUBJECT TO APPROVAL BY MEMBERS ARE REPORTED AND VOTED UPON AS NEEDED. SUCH DECISIONS INCLUDE CHANGESS TO THE ORGANIZATIONAL DOCUMENTS AND OTHER LEGAL MATTERS. Form 990, Part VI, Section B, Line 11b THE CEO REVIEW THE FORM 990 WITH THE BOARD OF DIRECTORS AT THE MONTHLY BOARD MEETING PRIOR TO FILING THE RETURN. Form 990, Part VI, Section B, Line 12c EACH OFFICER/DIRECTOR SIGNS THE CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSES ANY POTENTIAL CONFLICTS. THESE ARE ADDRESSED BY THE BOARD AT MONTHLY MEETINGS, IF DEEMED MATERIAL IN NATURE. Form 990, Part VI, Section B, Line 15 CEO COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE OF THE EXECUTIVE BOARD. THE COMPENSATION COMMITTEE REFERS TO STATE COMPENSATION SURVEYS OF REMCS. WRITTEN EMPLOYMENT CONTRACT AGREEMENT IS COMPLETED BY THE CEO. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. NOBLE TECHNOLOGIES INC PO BOX 137 ALBION IN 46701 352130245 INACTIVE IN N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0