Nonprofit · EIN 35-0420975
JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION
Tax-exempt · PORTLAND, IN 47371
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $23,300,067 | $21,502,307 | $1,797,760 | $41,786,355 | $7,155,622 | $34,630,733 |
| December 31, 2024 | 990 | $23,993,270 | $21,763,188 | $2,230,082 | $37,409,125 | $4,274,095 | $33,135,030 |
| December 31, 2023 | 990 | $23,183,442 | $21,547,744 | $1,635,698 | $34,770,754 | $3,806,383 | $30,964,371 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $22,401,679
- Investment income
- $74,136
- Net gain from sales of assets
- $1,908
- Other revenue
- $824,252
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $387,018
- Other salaries and wages
- $1,105,854
- Salaries, compensation and benefits (total)
- $2,236,536
- Professional fundraising fees
- $0
- Legal fees
- $20,443
- Accounting fees
- $23,870
- Occupancy
- $43,832
- Travel
- $28,360
- Depreciation
- $1,088,481
Balance sheet and other
- Total assets, start of year
- $37,409,125
- Total assets, end of year
- $41,786,355
- Total liabilities, end of year
- $7,155,622
- Net assets, end of year
- $34,630,733
- Land, buildings and equipment
- $26,514,182
- Gross receipts
- $23,302,959
- Employees
- 30
- Year formed
- 1936
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NEIL DRAPER | CEO Officer | 50 | $219,679 | $54,222 |
| JEFFERY MYERS | ENGINEERING Highest-paid employee | 40 | $126,066 | $33,670 |
| MASON QUICKERY | JOURNEYMAN L Highest-paid employee | 40 | $128,500 | $17,158 |
| DUANE MONROE | WORKING FORE Highest-paid employee | 40 | $125,956 | $17,808 |
| RONALD FIELDS | JOURNEYMAN L Highest-paid employee | 40 | $120,998 | $17,159 |
| NATHAN R MYERS | JOURNEYMAN L Highest-paid employee | 40 | $120,953 | $17,159 |
| DRURY E HALL | DIRECTOR Trustee or director | 9.04 | $22,529 | $0 |
| KLINT R MOSER | DIRECTOR Trustee or director | 12.08 | $22,469 | $0 |
| RICK A DUES | DIRECTOR Trustee or director | 14.71 | $18,244 | $0 |
| BETHANY G EDWARDS | SECRETARY Trustee or director | 16.98 | $13,160 | $0 |
| KENNETH D DENTON | CHAIRMAN Trustee or director | 13.83 | $12,510 | $0 |
| KENT K HOMAN | DIRECTOR Former | 8.33 | $10,827 | $0 |
| PHILIP J LAUX | DIRECTOR Trustee or director | 7.67 | $8,010 | $0 |
| ANGELA S LUTES | DIRECTOR Trustee or director | 8.5 | $7,760 | $0 |
| JOSHUA RICHARDS | DIRECTOR Trustee or director | 12.46 | $4,505 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RONALD SMITHSON | DIRECTOR Trustee or director | 6.35 | $3,930 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NEIL DRAPER | CEO Officer | 50 | $201,928 | $49,935 |
| JEFFERY MYERS | ENGINEERING Highest-paid employee | 40 | $124,440 | $32,665 |
| DUANE MONROE | WORKING FORE Highest-paid employee | 40 | $133,977 | $16,675 |
| MASON QUICKERY | JOURNEYMAN L Highest-paid employee | 40 | $130,559 | $16,067 |
| DANIEL PAXSON | JOURNEYMAN L Highest-paid employee | 40 | $119,910 | $16,067 |
| RICKY THOMPSON | JOURNEYMAN L Highest-paid employee | 40 | $113,214 | $15,055 |
| DRURY E HALL | DIRECTOR Trustee or director | 2.25 | $22,011 | $0 |
| KLINT R MOSER | DIRECTOR Trustee or director | 2.19 | $21,711 | $0 |
| KENT K HOMAN | DIRECTOR Trustee or director | 1.12 | $21,652 | $0 |
| RICK A DUES | DIRECTOR Trustee or director | 3.67 | $19,569 | $0 |
| PHILIP J LAUX | DIRECTOR Trustee or director | 2.46 | $12,739 | $0 |
| KENNETH D DENTON | CHAIRMAN Trustee or director | 3.44 | $9,033 | $0 |
| BETHANY G EDWARDS | DIRECTOR Trustee or director | 2.81 | $7,410 | $0 |
| ANGELA S LUTES | DIRECTOR Trustee or director | 1.48 | $4,005 | $0 |
| RONALD SMITHSON | DIRECTOR Trustee or director | 2.75 | $3,126 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NEIL DRAPER | CEO Officer | 50 | $166,691 | $6,319 |
| JEFFERY MYERS | MANAGER OF E Highest-paid employee | 40 | $120,823 | $30,000 |
| PATRICK BYRUM | MANAGER OF O Highest-paid employee | 40 | $102,506 | $0 |
| BECKY NAPERT | BUSINESS MAN Highest-paid employee | 40 | $101,784 | $0 |
| RICK DUES | DIRECTOR Trustee or director | 4.41 | $22,705 | $0 |
| KENT HOMAN | DIRECTOR Trustee or director | 2.9 | $21,925 | $0 |
| KLINT MOSER | DIRECTOR Trustee or director | 2.07 | $21,805 | $0 |
| KENNETH D DENTON | DIRECTOR Trustee or director | 1.7 | $21,685 | $0 |
| DRU HALL | DIRECTOR Trustee or director | 3.57 | $21,073 | $0 |
| STEVE RITCHIE | CHAIRMAN Trustee or director, Officer | 3.93 | $11,993 | $0 |
| MICHAEL NINDE | DIRECTOR Trustee or director | 1.6 | $7,939 | $0 |
| PHILIP LAUX | DIRECTOR Trustee or director | 2.98 | $6,637 | $0 |
| DIANE SCHROCK | DIRECTOR Trustee or director | 5.33 | $3,738 | $0 |
| RONALD SMITHSON | DIRECTOR Trustee or director | 3.8 | $2,958 | $0 |
| BETHANY EDWARDS | DIRECTOR Trustee or director | 4.43 | $975 | $0 |
Address and contacts
- Address (IRS master file)
- 484 S CR 200 W, PORTLAND, IN 47371-0000
- Principal officer (990 for 2025)
- NEIL DRAPER, 484 S 200 W, PORTLAND, IN 47371
- Signed the 990
- NEIL DRAPER, CEO
- Phone
- (260) 726-7121
- Website
- WWW.JAYREMC.COM
- Return prepared by
- LEONARD J ANDORFER & CO LLP
Mission
THE MOST SIGNIFICANT ACTIVITY OF THE ELECTRIC COOPERATIVE IS THE DISTRIBUTION OF ELECTRICITY.
Program accomplishments
- DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-0420975
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1937
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $41,786,355
- Income (IRS master file)
- $23,302,959
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $23,300,067 | $21,502,307 | $41,786,355 | XML |
| 990 | December 2024 | $23,993,270 | $21,763,188 | $37,409,125 | XML |
| 990 | December 2023 | $23,183,442 | $21,547,744 | $34,770,754 | XML |
| 990 | December 2022 | $22,874,315 | $21,318,198 | $33,581,529 | IRS |
| 990 | December 2021 | $21,221,936 | $19,291,144 | $32,510,611 | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-0420975).
Questions about JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION
- What is the EIN of JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION?
- The employer identification number (EIN) of JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION is 35-0420975.
- Is JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1937.
- Are donations to JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION?
- The 990 for the year ended December 31, 2025 names NEIL DRAPER.
- Who are the officers and directors of JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $219,679 (NEIL DRAPER, CEO).
- How much revenue does JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $23,300,067, expenses of $21,502,307 and total assets of $41,786,355 at year end.
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