2025-10-06T09:35:48-05:00 2024-12-31 363163136 LWG CPAS & ADVISORS 1776 N MERIDIAN ST STE 500 INDIANAPOLIS IN 46202 990 2024-01-01 350188040 BOONE REMC BOON 7654822390 PO BOX 563 LEBANON IN IN 46052 JEANETTE JOHNSON VP OF CORPORATE SERVICES/CFO 7654822390 2025-10-06 1 1 BRIAN D CHERRY P01355823 3176344747 2024 2025-03-06 01:10:19Z JEANETTE JOHNSON PO BOX 563 LEBANON IN IN 46052 76746440 0 X WWW.BREMC.COM X 1936 IN PROVIDING OUR MEMBERS ENERGY-RELATED SERVICES IN A SAFE, DEPENDABLE, AND REASONABLY PRICED MANNER. 9 8 57 0 0 0 0 0 67342732 73491928 546539 580303 1172443 2473710 69061714 76545941 0 0 0 0 3454343 4032934 0 0 0 55512013 59726796 58966356 63759730 10095358 12786211 164434988 176258272 89261499 88453292 75173489 87804980 PROVIDING OUR MEMBERS ENERGY-RELATED SERVICES IN A SAFE, DEPENDABLE, AND REASONABLY PRICED MANNER. 0 0 63647557 0 73491928 DISTRIBUTION OF ELECTRICITY 63647557 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 50 0 57 1 1 1 0 0 0 0 0 0 73491928 3054012 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X JEANETTE JOHNSON 7654822390 PO BOX 563 LEBANON IN 46052 NOEL KENDALL CHAIRMAN 8.58 X X 23160 0 0 THOMAS DULL VICE-CHAIRMAN 3.84 X X 21560 0 0 MARK GRUNINGER SECRETARY/TREASURER 3.38 X X 17160 0 0 ALAN CRAGUN DIRECTOR 5.44 X 18960 0 0 BRIAN GOTT DIRECTOR 4.49 X 13670 0 0 BRUCE GUERNSEY DIRECTOR 4.13 X 17160 0 0 DANNY LAWSON DIRECTOR 1.67 X 15110 0 0 MARK STARKEY DIRECTOR 3.25 X 15360 0 0 JON STEVENS DIRECTOR 6.04 X 21360 0 0 G TOM TAYLOR DIRECTOR 1.59 X 4920 0 0 WILLIAM CONLEY CEO/PRESIDENT 40.00 X 351406 0 161013 JEANETTE JOHNSON VP OF CORPORATE SERVICES/CFO 40.00 X 184676 0 60921 COREY WILLIS VP OF CORPORATE DEVELOPMENT & TECHNOLOGY 40.00 X 183803 0 69421 JEFFERY DICKERSON VP OF OPERATIONS 40.00 X 176216 0 114627 ALLEN JONES VP OF ENGINEERING SERVICES 40.00 X 174693 0 94199 BENJAMIN DUKE ACCOUNTING MANAGER 40.00 X 143618 0 45167 GERALD LASLEY CONSTRUCTION & STAKING SERVICES COORDINATOR 40.00 X 142368 0 10635 PAM WARMOTH EXECUTIVE ASSISTANT & HR COORDINATOR 40.00 X 139420 0 79467 1664620 0 635450 29 0 1 0 ELECTRICOM LLC 1660 WEST HOSPITAL ROAD PAOLI IN 47454 CONTRACTOR 779793 CO-ALLIANCE COOPERATIVE INC 770 N HIGH SCHOOL RD INDIANAPOLIS IN 46214 FUEL 123743 2 PROG.SERV.REVENUE-RELATED-990 221000 73491928 73491928 73491928 574516 574516 112247 106460 5787 5787 5787 94469 94039 430 430 PATRONAGE REVENUE 900001 2311040 2311040 162240 162240 2473280 76545941 75803398 0 742543 926436 926436 3106498 3106498 94808 94808 17365 17365 328000 328000 2579860 2579860 5468037 5468037 PURCHASED POWER 42044567 42044567 OPERATIONS 3715525 3715525 MAINTENANCE 2170844 2170844 GENERAL & ADMINISTRATIV 2006318 2006318 1301472 1301472 63759730 63647557 112173 0 9589928 9325536 535 535 5833757 11391052 5902143 7278135 119529 704224 165245143 39554194 121245104 125690949 16853430 18814782 4890562 3053059 164434988 176258272 6839281 7907431 75633498 71972108 6788720 8573753 89261499 88453292 X 0 0 0 0 75173489 87804980 75173489 87804980 164434988 176258272 X 12786211 -6362 -148358 X X 0 1 X 1 0 2000 2000 2000 1 INDIANA FORE 8888 KEYSTONE CROSSING SUTIE 1600 INDIANAPOLIS IN 46204 351998087 2000 447123 447123 6461558 2274669 4186889 153680706 37205325 116475381 4655756 74200 4581556 125690949 WVPA 16141119 C COBANK 932992 C CFC 812950 C NISC 143111 C UUS 319099 C FEDERATED 143734 C ERMCO 148858 C IEC 80065 C ALL OTHER 92854 C 18814782 ACCUM. POST-RETIREMENT OBLIGATION 6761367 MEMBER DEPOSITS 772516 RIGHT-OF-USE-LEASEE, FINANCE 1039870 8573753 X 76545940 0 76545940 0 76545940 63759730 0 63759730 0 63759730 PART X, LINE 2: ACCOUNTING FOR UNCERTAIN TAX POSITIONS - THE REMC FOLLOWS "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." THE GENERALLY ACCEPTED ACCOUNTING PRINCIPAL PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS. THE ACCOUNTING PRINCIPAL REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. 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 ANY UNCERTAIN TAX POSITIONS. X 1 1 X X 0 0 0 WILLIAM CONLEY CEO/PRESIDENT 351406 0 0 0 0 0 136498 0 24515 0 512419 0 0 0 JEFFERY DICKERSON VP OF OPERATIONS 176216 0 0 0 0 0 91864 0 22763 0 290843 0 0 0 ALLEN JONES VP OF ENGINEERING SERVICES 174693 0 0 0 0 0 71403 0 22796 0 268892 0 0 0 COREY WILLIS VP OF CORPORATE DEVELOPMENT & TECHNO 183803 0 0 0 0 0 46255 0 23166 0 253224 0 0 0 JEANETTE JOHNSON VP OF CORPORATE SERVICES/CFO 184676 0 0 0 0 0 39797 0 21124 0 245597 0 0 0 PAM WARMOTH EXECUTIVE ASSISTANT & HR COORDINATOR 139420 0 0 0 0 0 20965 0 58502 0 218887 0 0 0 BENJAMIN DUKE ACCOUNTING MANAGER 143618 0 0 0 0 0 22552 0 22615 0 188785 0 0 0 GERALD LASLEY CONSTRUCTION & STAKING SERVICES COOR 142368 0 0 0 0 0 7328 0 3307 0 153003 0 0 0 NOEL KENDALL DIRECTOR 42044567 PURCHASED POWER;LISTTOTAL 41727720 0 THOMAS DULL DIRECTOR 347832 DUES 0 PART IV, LINE 1 NOEL KENDALL: DIRECTOR OF BOTH BOONE REMC AND WABASH VALLEY POWER ASSOCIATION. REMC PUCHASES POWER FROM WABASH VALLEY POWER ASSOCIATION. PART IV, LINE 2 THOMAS DULL: DIRECTOR OF BOTH BOONE REMC AND INDIANA ELECTRIC COOPERATIVES. REMC PAYS DUES TO THE STATEWIDE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE REMC IS OWNED BY ITS MEMBERSHIP/CUSTOMER BASE FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ELECTS THE BOARD MEMEBERS FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS MUST BE APPROVED BY THE MEMBERSHIP FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE 990 UNDER DIRECTION FROM MANAGEMENT FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE DISCUSSED REGULARLY AT BOARD MEETINGS AND DOCUMENTED WITH SPECIFICS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD USING COMPARABILITY DATA OBTAINED FROM INDEPENDENT CONSULTANTS FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION IS MADE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: PATONAGE CAPITAL REFUNDED -148,358. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES MADE FROM PRIOR YEAR. BOONE COOPERATIVE ADVANTAGE 1207 INDIANAPOLIS AVE LEBANON IN 46052 NON-EXEMPT ACTIVITIES IN -106899 131491 BOONE REMC BOONE REMC COMMUNITY FUND INC 1207 INDIANAPOLIS AVE LEBANON IN 46052 EXEMPT ACTIVITIES IN BOONE REMC 0 CIRCLE CITY GROUP 1207 INDIANAPOLIS AVE LEBANON IN 46052 SHARED SERVICES IN EQUAL RELATED 0 0 0.30000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0