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Somerset Rural Electric Cooperative Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$27.9M (2023)

Expenses
$26.1M (2023)

Total Assets
$50.8M (2023)

Total Liabilities
$11.8M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,920,953
Expenses
$26,133,681
Net Income
$1,787,272
Net Assets
$39,062,065
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,883,080
99.9%
Investment Income $37,873
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $342,588
1.3%
Assets/Debt
Total Assets $50,833,413
Total Liabilities $11,771,348
Net Assets $39,062,065
Club or Co-Op Income
Income From Members $25,449,228
Income From Other Sources $2,414,193
Compensation
Key Employees and Officers Compensation Related Other
Ruston Ogburn (General Mana) $246,459 $0 $96,129
Roy Bittner (Employee) $114,621 $0 $45,432
Doug Glessner (Employee) $114,119 $0 $53,980
Brian Marker (Employee) $113,791 $0 $47,617
Phil Martz (Employee) $112,893 $0 $47,616
Bryan Schrock (Employee) $107,929 $0 $44,618
Paul Vought (Director) $6,400 $0 $0
Clarence B Waltermire (President) $6,000 $0 $0
Jerry L Engle (Vice Preside) $5,400 $0 $0
Russ Hillegas (Director) $5,400 $0 $0
Josh Sechler (Director) $4,600 $0 $0
Lowell L Friedline (Secretary/Tr) $4,200 $0 $0
Harvey Reckner (Director) $3,400 $0 $0
Floyd Lehman (Director) $3,200 $0 $0
Jason Huston (Director) $2,800 $0 $0
Carl Hay Jr (Director) $1,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,841,270
Expenses
$21,550,169
Net Income
$4,291,101
Net Assets
$37,985,683
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,807,019
99.9%
Investment Income $34,251
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $326,643
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $48,366,945
Total Liabilities $10,381,262
Net Assets $37,985,683
Club or Co-Op Income
Income From Members $23,235,381
Income From Other Sources $2,560,193
Compensation
Key Employees and Officers Compensation Related Other
Ruston Ogburn (General Mana) $238,846 $0 $87,797
Phil Martz (Employee) $124,982 $0 $40,023
Doug Glessner (Employee) $110,400 $0 $48,383
Brian Marker (Employee) $109,541 $0 $40,023
Roy Bittner (Employee) $106,036 $0 $38,240
Jerry L Engle (Vice Preside) $5,600 $0 $0
Russ Hillegas (Director) $5,600 $0 $0
Floyd Lehman (Director) $5,400 $0 $0
Clarence B Waltermire (President) $4,800 $0 $0
Harvey Reckner (Director) $4,600 $0 $0
Josh Sechler (Director) $4,400 $0 $0
Carl Hay Jr (Director) $4,000 $0 $0
Lowell L Friedline (Secretary/Tr) $3,800 $0 $0
Paul Vought (Director) $3,800 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,950,814
Expenses
$22,282,208
Net Income
$2,668,606
Net Assets
$34,223,876
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,913,480
99.9%
Investment Income $37,334
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $311,049
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $44,691,676
Total Liabilities $10,467,800
Net Assets $34,223,876
Club or Co-Op Income
Income From Members $21,704,032
Income From Other Sources $3,209,448
Compensation
Key Employees and Officers Compensation Related Other
Ruston Ogburn (General Mana) $228,846 $0 $82,202
Phil Martz (Employee) $108,340 $0 $37,708
Doug Glessner (Employee) $107,469 $0 $45,682
Roy Bittner (Employee) $101,462 $0 $35,914
Glenn Gross (Employee) $101,138 $0 $22,493
Russ Hillegas (Director) $5,000 $0 $0
Josh Sechler (Director) $3,800 $0 $0
Clarence B Waltermire (President) $3,000 $0 $0
Lowell L Friedline (Secretary/Tr) $2,800 $0 $0
Jerry L Engle (Vice Preside) $2,600 $0 $0
Carl Hay Jr (Director) $2,600 $0 $0
Floyd Lehman (Director) $2,600 $0 $0
Harvey Reckner (Director) $2,600 $0 $0
Wayne E Sechler (Director) $2,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,160,288
Expenses
$20,802,216
Net Income
$3,358,072
Net Assets
$32,054,466
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,121,723
99.8%
Investment Income $38,565
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $330,753
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $42,860,966
Total Liabilities $10,806,500
Net Assets $32,054,466
Club or Co-Op Income
Income From Members $22,164,906
Income From Other Sources $1,956,817
Compensation
Key Employees and Officers Compensation Related Other
Ruston Ogburn (General Mana) $230,626 $100,127 $0
Phil Martz (Employee) $116,232 $43,065 $0
Brian Marker (Employee) $108,846 $42,969 $0
Doug Glessner (Employee) $107,481 $54,752 $0
Bryan Schrock (Employee) $106,964 $41,685 $0
Floyd Lehman (Director) $5,000 $1,089 $0
Josh Sechler (Director) $5,000 $580 $0
Clarence B Waltermire (President) $5,000 $244 $0
Jerry L Engle (Vice Preside) $4,800 $254 $0
Carl Hay Jr (Director) $4,200 $435 $0
Wayne E Sechler (Director) $4,200 $414 $0
Lowell L Friedline (Secretary/Tr) $4,000 $114 $0
Harvey Reckner (Director) $3,800 $497 $0
Russ Hillegas (Director) $2,800 $122 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,447,650
Expenses
$21,497,325
Net Income
$1,950,325
Net Assets
$29,178,371
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $23,405,003
99.8%
Investment Income $42,647
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $299,313
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $41,812,306
Total Liabilities $12,633,935
Net Assets $29,178,371
Club or Co-Op Income
Income From Members $22,403,506
Income From Other Sources $1,001,497
Compensation
Key Employees and Officers Compensation Related Other
Ruston Ogburn (General Mana) $213,933 $0 $85,380
Clarence B Waltermire (President) $5,800 $0 $897
Jerry L Engle (Vice Preside) $5,800 $0 $718
Harvey Reckner (Director) $5,400 $0 $1,290
Floyd Lehman (Director) $5,200 $0 $1,055
Lowell L Friedline (Secretary/Tr) $3,600 $0 $20
Carl Hay Jr (Director) $3,400 $0 $178
William L Glessner (Director) $3,400 $0 $55
Wayne E Sechler (Director) $2,400 $0 $95
Josh Sechler (Director) $1,800 $0 $272

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,782,534
Expenses
$21,223,915
Net Income
$1,558,619
Net Assets
$29,886,890
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,740,624
99.8%
Investment Income $41,910
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $325,926
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $40,566,720
Total Liabilities $10,679,830
Net Assets $29,886,890
Club or Co-Op Income
Income From Members $21,873,805
Income From Other Sources $908,730
Compensation
Key Employees and Officers Compensation Related Other
Ruston Ogburn (General Mana) $209,466 $0 $76,580
Clarence B Waltermire (Director) $5,200 $0 $1,074
Jerry L Engle (Director) $5,000 $0 $1,409
James C Brocht (Vice Preside) $5,000 $0 $464
Harvey Reckner (Director) $4,200 $0 $939
Floyd Lehman (Director) $4,200 $0 $1,159
Wayne E Sechler (President) $2,800 $0 $217
Carl Hay Jr (Director) $2,800 $0 $149
Lowell L Friedline (Secretary/Tr) $2,600 $0 $37
William L Glessner (Director) $2,600 $0 $32

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,410,884
Expenses
$20,990,773
Net Income
$420,111
Net Assets
$28,838,166
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,374,766
99.8%
Investment Income $36,118
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $313,947
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $40,738,049
Total Liabilities $11,899,883
Net Assets $28,838,166
Club or Co-Op Income
Income From Members $20,343,735
Income From Other Sources $1,067,149
Compensation
Key Employees and Officers Compensation Related Other
Ruston Ogburn (General Mana) $201,961 $0 $72,411
Jerry L Engle (Director) $5,200 $0 $317
Clarence B Waltermire (Director) $4,800 $0 $138
Harvey Reckner (Director) $4,600 $0 $1,209
James C Brocht (Vice Preside) $4,200 $0 $384
Floyd Lehman (Director) $4,200 $0 $723
Carl Hay Jr (Director) $4,000 $0 $320
William L Glessner (Director) $3,400 $0 $190
Wayne E Sechler (President) $2,800 $0 $336
Lowell L Friedline (Secretary/Tr) $2,600 $0 $158

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$20,451,194
Expenses
$19,664,834
Net Income
$786,360
Net Assets
$28,938,655
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,409,640
99.8%
Investment Income $41,554
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $285,273
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $41,063,032
Total Liabilities $12,124,377
Net Assets $28,938,655
Club or Co-Op Income
Income From Members $19,617,923
Income From Other Sources $833,271
Compensation
Key Employees and Officers Compensation Related Other
Ruston Ogburn (General Mana) $187,016 $0 $56,374
Jerry L Engle (Director) $5,600 $0 $168
Clarence B Waltermire (Director) $5,400 $0 $104
James C Brocht (Vice Preside) $4,800 $0 $237
William L Glessner (Director) $4,600 $0 $156
Harvey Reckner (Director) $4,600 $0 $350
Carl Hay Jr (Director) $4,000 $0 $211
Floyd Lehman (Director) $4,000 $0 $535
Wayne E Sechler (President) $3,400 $0 $329
Lowell L Friedline (Secretary/Tr) $3,200 $0 $194

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,363,531
Expenses
$20,161,289
Net Income
$1,202,242
Net Assets
$28,596,483
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,326,761
99.8%
Investment Income $36,770
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $265,456
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $42,262,631
Total Liabilities $13,666,148
Net Assets $28,596,483
Club or Co-Op Income
Income From Members $20,508,368
Income From Other Sources $855,163
Compensation
Key Employees and Officers Compensation Related Other
Ruston Ogburn (General Mana) $167,287 $0 $54,504
Harvey Reckner (Director) $6,000 $0 $460
Floyd Lehman (Director) $5,800 $0 $410
Clarence B Waltermire (Director) $5,400 $0 $140
Jerry L Engle (Director) $5,200 $0 $225
James C Brocht (Vice Preside) $5,000 $0 $170
Carl Hay Jr (Director) $4,400 $0 $360
William L Glessner (Director) $3,400 $0 $200
Lowell L Friedline (Secretary/Tr) $3,000 $0 $155
Wayne E Sechler (President) $3,000 $0 $345

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,637,175
Expenses
$20,454,260
Net Income
$2,182,915
Net Assets
$27,827,184
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,602,602
99.8%
Investment Income $34,573
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $193,553
0.9%
Assets/Debt
Total Assets $39,634,595
Total Liabilities $11,807,411
Net Assets $27,827,184
Club or Co-Op Income
Income From Members $21,561,411
Income From Other Sources $1,075,764
Compensation
Key Employees and Officers Compensation Related Other
Ruston Ogburn (General Mana) $125,940 $0 $18,122
Floyd Lehman (Director) $6,400 $0 $349
Harvey Reckner (Director) $6,000 $0 $500
James C Brocht (Vice Preside) $5,800 $0 $252
Carl Hay Jr (Director) $5,800 $0 $359
Jerry L Engle (Director) $5,200 $0 $375
Clarence B Waltermire (Director) $4,800 $0 $116
Lowell L Friedline (Secretary/Tr) $4,400 $0 $308
Wayne E Sechler (President) $4,200 $0 $458
William L Glessner (Director) $4,000 $0 $174

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,471,159
Expenses
$20,601,967
Net Income
$869,192
Net Assets
$26,058,877
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,434,268
99.8%
Investment Income $36,891
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $227,754
1.1%
Assets/Debt
Total Assets $39,678,744
Total Liabilities $13,619,867
Net Assets $26,058,877
Club or Co-Op Income
Income From Members $20,653,698
Income From Other Sources $225,891
Compensation
Key Employees and Officers Compensation Related Other
Richard Bauer (General Mgr ) $123,580 $0 $48,380
Harvey Reckner () $7,400 $0 $367
Floyd Lehman () $7,200 $0 $325
Carl Hay Jr () $7,000 $0 $285
James C Brocht (Vice Preside) $6,400 $0 $200
Jerry L Engle () $6,200 $0 $180
Wayne E Sechler (President) $6,000 $0 $245
Clarence B Waltermire () $6,000 $0 $109
William L Glessner () $4,200 $0 $163
Lowell L Friedline (Secretary/Tr) $3,400 $0 $120

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,735,478
Expenses
$19,192,596
Net Income
$542,882
Net Assets
$25,700,126
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,695,094
99.8%
Investment Income $40,384
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $199,967
1.0%
Assets/Debt
Total Assets $38,402,796
Total Liabilities $12,702,670
Net Assets $25,700,126
Club or Co-Op Income
Income From Members $18,751,096
Income From Other Sources $984,382

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,592,842
Expenses
$17,650,877
Net Income
$1,941,965
Net Assets
$25,515,136
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,554,746
99.8%
Investment Income $38,096
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $188,704
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $37,932,984
Total Liabilities $12,417,848
Net Assets $25,515,136
Club or Co-Op Income
Income From Members $18,377,171
Income From Other Sources $1,215,671

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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