Nonprofit · EIN 35-0424700
JOHNSON COUNTY RURAL ELEC MEM CORP
Tax-exempt · FRANKLIN, IN 46131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $77,223,277 | $75,020,014 | $2,203,263 | $243,996,791 | $143,897,621 | $100,099,170 |
| December 31, 2024 | 990 | $76,653,939 | $73,836,020 | $2,817,919 | $202,674,247 | $103,643,938 | $99,030,309 |
| December 31, 2023 | 990 | $73,379,153 | $70,268,557 | $3,110,596 | $179,762,305 | $81,408,918 | $98,353,387 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $75,690,034
- Investment income
- $661,203
- Net rental income
- $189,497
- Net gain from sales of assets
- $17,280
- Net income from sales of inventory
- -$1,047
- Other revenue
- $872,040
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $801,233
- Other salaries and wages
- $4,796,777
- Salaries, compensation and benefits (total)
- $7,229,421
- Professional fundraising fees
- $0
- Legal fees
- $189,725
- Accounting fees
- $19,940
- Occupancy
- $310,221
- Travel
- $85,767
- Depreciation
- $6,012,072
Balance sheet and other
- Total assets, start of year
- $202,674,247
- Total assets, end of year
- $243,996,791
- Total liabilities, end of year
- $143,897,621
- Net assets, end of year
- $100,099,170
- Land, buildings and equipment
- $170,204,305
- Gross receipts
- $77,390,463
- Employees
- 81
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN STURM | CEO Officer | 42.5 | $422,855 | $0 | $113,596 |
| TERRY MILLER | VP of Finance Officer | 43.4 | $211,353 | $0 | $122,676 |
| KEVIN SHELLEY | VP of Engineering Highest-paid employee | 41.1 | $188,143 | $0 | $79,154 |
| NICK STAINBROOK | VP of Operations Highest-paid employee | 41.9 | $171,378 | $0 | $77,995 |
| SHAWN FRYE | VP of Technology Highest-paid employee | 41.9 | $163,755 | $0 | $67,189 |
| STEVEN STOUT | Journeyman Lineman Highest-paid employee | 50.7 | $148,902 | $0 | $37,908 |
| DANIEL WOOD | Mgr Electric Operation Highest-paid employee | 44.1 | $138,315 | $0 | $44,343 |
| JAMIE MEREDITH | Vice President Trustee or director | 4.1 | $26,200 | $8,750 | $0 |
| STEPHEN WATSON | President Trustee or director | 4.4 | $25,925 | $8,750 | $0 |
| RONALD BARNETT | SecretaryTreasurer Trustee or director | 6.6 | $25,150 | $8,750 | $0 |
| DENNIS STEWART | Board of Director Trustee or director | 4 | $23,250 | $8,400 | $0 |
| GLENN MCALPIN | Board of Director Trustee or director | 5.9 | $22,550 | $8,750 | $0 |
| SETH BROWN | Board of Director Trustee or director | 5.9 | $22,200 | $8,750 | $0 |
| LEE ANN WILBUR | Board of Director Trustee or director | 4.9 | $21,750 | $8,750 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN STURM | CEO Officer | 43.2 | $381,584 | $0 | $100,311 |
| TERRY MILLER | VP of Finance Officer | 43.4 | $202,830 | $0 | $102,572 |
| KEVIN SHELLEY | VP of Engineering Officer | 42.5 | $183,513 | $0 | $64,780 |
| NICK STAINBROOK | Director of Operations Highest-paid employee | 42.8 | $156,639 | $0 | $63,653 |
| SHAWN FRYE | Director of Technology Highest-paid employee | 41.8 | $144,412 | $0 | $56,263 |
| STEVEN STOUT | Journeyman Lineman Highest-paid employee | 49.6 | $143,823 | $0 | $34,199 |
| DANIEL CORTHELL | Journeyman Lineman Highest-paid employee | 47.7 | $134,260 | $0 | $37,063 |
| SAMUEL WOOD | Journeyman Lineman Highest-paid employee | 49.4 | $138,976 | $0 | $17,131 |
| SETH BROWN | SecretaryTreasurer Trustee or director | 8 | $30,350 | $7,700 | $0 |
| STEPHEN WATSON | Vice President Trustee or director | 5.5 | $28,277 | $7,700 | $0 |
| LEE ANN WILBUR | President Trustee or director | 5.9 | $26,211 | $7,700 | $0 |
| RONALD BARNETT | Board of Director Trustee or director | 6.6 | $24,050 | $7,700 | $0 |
| DENNIS STEWART | Board of Director Trustee or director | 3 | $23,450 | $7,700 | $0 |
| JAMIE MEREDITH | Board of Director Trustee or director | 5.8 | $22,950 | $7,700 | $0 |
| GLENN MCALPIN | Board of Director Trustee or director | 4.1 | $22,300 | $7,700 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN STURM | CEO Officer | 45 | $363,320 | $0 | $59,869 |
| TERRY MILLER | VP of Finance Officer | 44 | $174,168 | $0 | $57,704 |
| KEVIN SHELLEY | VP of Engineering Officer | 43 | $166,164 | $0 | $32,688 |
| NICK STAINBROOK | Director of Operations Highest-paid employee | 45 | $153,627 | $0 | $28,997 |
| SHAWN FRYE | Director of Technology Highest-paid employee | 42 | $133,552 | $0 | $26,973 |
| DANIEL WOOD | Line Superintendent Highest-paid employee | 46 | $131,943 | $0 | $23,247 |
| DANIEL CORTHELL | Journeyman Lineman Highest-paid employee | 48 | $133,061 | $0 | $18,325 |
| STEVEN STOUT | Journeyman Lineman Highest-paid employee | 48 | $130,074 | $0 | $11,081 |
| SETH BROWN | SecretaryTreasurer Trustee or director | 7.4 | $25,750 | $7,700 | $0 |
| LEE ANN WILBUR | President Trustee or director | 5.6 | $25,650 | $7,700 | $0 |
| STEPHEN WATSON | Vice President Trustee or director | 4.7 | $25,600 | $7,700 | $0 |
| RONALD BARNETT | Board of Director Trustee or director | 6.9 | $25,400 | $7,700 | $0 |
| JAMIE MEREDITH | Board of Director Trustee or director | 6.6 | $21,550 | $7,700 | $0 |
| DENNIS STEWART | Board of Director Trustee or director | 3.6 | $18,700 | $5,550 | $0 |
| GLENN MCALPIN | Board of Director Trustee or director | 4.5 | $17,350 | $5,900 | $0 |
Address and contacts
- Address (IRS master file)
- 750 INTERNATIONAL DR, FRANKLIN, IN 46131-9733
- In care of
- % JOHN STURM
- Principal officer (990 for 2025)
- John Sturm, 750 International Dr, Franklin, IN 46131
- Signed the 990
- JOHN STURM, CEO
- Phone
- (317) 736-6174
- Website
- www.jcremc.com
Mission
To safely and efficiently provide reliable electric services for the community.
Program accomplishments
- Distribution of electricityExpenses $75,020,014 · revenue $76,048,654
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
- 35-0424700
- 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)
- $243,996,791
- Income (IRS master file)
- $77,390,463
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $77,223,277 | $75,020,014 | $243,996,791 | XML |
| 990 | December 2024 | $76,653,939 | $73,836,020 | $202,674,247 | XML |
| 990 | December 2023 | $73,379,153 | $70,268,557 | $179,762,305 | XML |
| 990 | December 2022 | $70,521,868 | $67,997,772 | $166,688,644 | IRS |
| 990 | December 2021 | – | – | – | 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 35-0424700).
Questions about JOHNSON COUNTY RURAL ELEC MEM CORP
- What is the EIN of JOHNSON COUNTY RURAL ELEC MEM CORP?
- The employer identification number (EIN) of JOHNSON COUNTY RURAL ELEC MEM CORP is 35-0424700.
- Is JOHNSON COUNTY RURAL ELEC MEM CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1937.
- Are donations to JOHNSON COUNTY RURAL ELEC MEM CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does JOHNSON COUNTY RURAL ELEC MEM CORP 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 JOHNSON COUNTY RURAL ELEC MEM CORP 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 JOHNSON COUNTY RURAL ELEC MEM CORP 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 JOHNSON COUNTY RURAL ELEC MEM CORP?
- The 990 for the year ended December 31, 2025 names John Sturm.
- Who are the officers and directors of JOHNSON COUNTY RURAL ELEC MEM CORP?
- The 990 for the year ended December 31, 2025 lists 14 people; 14 received compensation from the organization, the highest $422,855 (JOHN STURM, CEO).
- How much revenue does JOHNSON COUNTY RURAL ELEC MEM CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $77,223,277, expenses of $75,020,014 and total assets of $243,996,791 at year end.
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