2025-06-23T15:23:40-04:00 2024-12-31 351679361 LEONARD J ANDORFER & CO LLP 110 W BERRY STREET STE 2202 FORT WAYNE IN 468022311 990 2024-01-01 350687680 STEUBEN COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION STEU 2606653563 P O BOX 359 ANGOLA IN 46703 KEVIN KEISER CEO 2606653563 2025-06-02 true true MARK J ANDORFER CPA P00017582 2604239405 2025-06-02 2024 2025-03-06 01:10:19Z KEVIN KEISER P O BOX 359 ANGOLA IN 46703 31294376 false X WWW.REMCSTEUBEN.COM X 1937 IN ELECTRIC COOPERATIVE 9 9 37 0 0 26312065 30196066 22261 21835 902801 1076475 27237127 31294376 0 0 3235987 3260691 0 0 22820312 25320533 26056299 28581224 1180828 2713152 72326480 76297082 49547089 50822382 22779391 25474700 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 10 0 true 37 true false false false false false 30196066 1098310 false false false X 9 9 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 4.95 X X 10800 0 0 LARRY JACK V PRES 1.87 X X 6800 0 0 GARY SHOUGH SEC/TREAS 4.96 X X 12000 0 0 MARC NELSON DIRECTOR 3.28 X 10800 0 0 CARTER SNIDER DIRECTOR 5.52 X 7200 0 0 MICHAEL KURTZ DIRECTOR 9.72 X 6400 0 0 WILLIAM SNYDER DIRECTOR 3.31 X 4800 0 0 NEASA KALME DIRECTOR 3.93 X 6000 0 0 SAMUEL GUS REED DIRECTOR 5.33 X 7200 0 0 KEVIN KEISER CEO 50.00 X 219426 0 29219 NAMON MEYERS LINEMAN 40.00 X 120766 0 8617 DUSTIN EVERETTS DIRECTOR OF 40.00 X 128996 0 5353 BRADEN NICHOLS LINEMAN 40.00 X 107399 0 18487 STEVE SMITH CFO 40.00 X 113283 0 21590 DAYLON ULRICH LINEMAN 40.00 X 116037 0 10454 877907 93720 6 false true false SALE OF ELECTRICITY 221000 30196066 30196066 30196066 21835 21835 PATRONAGE CREDITS 221000 1074342 1074342 MISCELLANEOUS 517000 2133 2133 1076475 31294376 31270408 23968 320645 1804223 504951 460709 170163 5268 19000 4395 105039 140732 235007 1873839 2596709 80904 COST OF POWER 18145652 ADMINISTRATIVE AND GENERA 1341827 DISTRIBUTION EXP - OPERAT 293909 CUSTOMER ACCOUNTS EXPENSE 199578 278674 28581224 0 0 0 261632 246686 644743 829587 2729200 2856316 976946 496456 174409 216339 80096950 18459876 58413354 61637074 9043501 10014254 370 370 82325 72326480 76297082 2682811 1741435 44906150 47029147 1958128 2051800 49547089 50822382 X 221770 223340 2244454 2225999 20313167 23025361 22779391 25474700 72326480 76297082 X 2713152 -17843 X false true X true false 2000 2000 2000 true INDIANA FORE 8888 KEYSTONE CROSSING STE 1600 INDIANAPOLIS IN 46240 351998087 2000 62871 62871 2776970 1203586 1573384 77257109 17256290 60000819 61637074 54619 C INVESTMENT IN ASSOC ORGANIZATION 9959635 C 10014254 CONSUMER DEPOSITS 403285 ACCRUED INTEREST 373811 ADVANCED BILLING 363656 ACCRUED PAYROLL 271050 ACCRUED TAXES 260403 POST RETIREMENT BENEFITS 258618 OTHER 34308 EMPLOYEE WITHHOLDINGS 33053 PATRONAGE CAPITAL PAYABLE 22689 OTHER DEFERRED CREDITS 16096 401K PAYABLE 12331 OPERATION ROUNDUP 2500 2051800 X 31294376 31294376 31294376 28581224 28581224 28581224 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, 2024 AND 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, 2024 AND 2023, 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 2021. false false false KEVIN KEISER CEO 219426 29219 248645 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 1,570 TRANSFERS 0 INCOME FROM SUBSIDIARY 0 PATRONAGE CAPITAL REFUNDS 0 UNRECOGNIZED RETIREMENT LOSS -15,737 LOSS FROM SUBSIDIARY -1,704 TRANSFERS -1,972 TOTAL -17,843 RE-COMM INC PO BOX 359 ANGOLA IN 46703 352232222 TELE/INTER IN STEUBEN COUNTY REMC C CORP 358 84151 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