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Johnson County Rural Elec Mem Corp

  • Franklin, IN
  • Tax-exempt since Oct. 1937
  • EIN: 35-0424700

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
$73.4M (2023)

Expenses
$70.3M (2023)

Total Assets
$180M (2023)

Total Liabilities
$81.4M (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
$73,379,153
Expenses
$70,268,557
Net Income
$3,110,596
Net Assets
$98,353,387
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $71,079,321
96.9%
Investment Income $440,929
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $178,972
0.2%
Net Fundraising $0
Sales of Assets $134,605
0.2%
Net Inventory Sales $85,680
0.1%
Other Revenue $1,459,646
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $697,488
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $4,353,068
6.2%
Assets/Debt
Total Assets $179,762,305
Total Liabilities $81,408,918
Net Assets $98,353,387
Club or Co-Op Income
Income From Members $71,079,321
Income From Other Sources $2,299,832
Compensation
Key Employees and Officers Compensation Related Other
John Sturm (Ceo) $363,320 $0 $59,869
Terry Miller (Vp Of Finance) $174,168 $0 $57,704
Kevin Shelley (Vp Of Engineering) $166,164 $0 $32,688
Nick Stainbrook (Director Of Operations) $153,627 $0 $28,997
Shawn Frye (Director Of Technology) $133,552 $0 $26,973
Daniel Corthell (Journeyman Lineman) $133,061 $0 $18,325
Daniel Wood (Line Superintendent) $131,943 $0 $23,247
Steven Stout (Journeyman Lineman) $130,074 $0 $11,081
Seth Brown (Secretary Treasurer) $25,750 $7,700 $0
Lee Ann Wilbur (President) $25,650 $7,700 $0
Stephen Watson (Vice President) $25,600 $7,700 $0
Ronald Barnett (Board Of Director) $25,400 $7,700 $0
Jamie Meredith (Board Of Director) $21,550 $7,700 $0
Dennis Stewart (Board Of Director) $18,700 $5,550 $0
Glenn Mcalpin (Board Of Director) $17,350 $5,900 $0
+ View more people

Document Links

990
Filed on July 1, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,521,868
Expenses
$67,997,772
Net Income
$2,524,096
Net Assets
$95,094,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $66,851,354
94.8%
Investment Income $279,013
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $276,177
0.4%
Net Fundraising $0
Sales of Assets $25,731
0.0%
Net Inventory Sales $62,109
0.1%
Other Revenue $3,027,484
4.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $652,057
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $4,032,136
5.9%
Assets/Debt
Total Assets $166,688,644
Total Liabilities $71,594,255
Net Assets $95,094,389
Club or Co-Op Income
Income From Members $66,851,354
Income From Other Sources $3,670,514
Compensation
Key Employees and Officers Compensation Related Other
John Sturm (Ceo) $319,964 $0 $63,326
Terry Miller (Cfo) $170,403 $0 $60,936
Kevin Shelley (Director Of Engineerin) $148,925 $0 $43,596
Tim Hogue (Director Of Operations) $147,191 $0 $32,037
Shawn Frye (Director Of Technology) $131,324 $0 $35,561
Ken Dickey (Purchasing Coordinator) $115,440 $0 $46,985
Daniel Wood (Line Superintendent) $115,345 $0 $48,045
Lee Ann Wilbur (Vice President) $25,973 $7,667 $0
Stephen Watson (President) $25,748 $7,667 $0
Seth Brown (Board Of Director) $25,323 $7,667 $0
Ron Barnett (Board Of Director) $23,723 $7,667 $0
Jamie Meredith (Secretary Treasurer) $23,273 $7,667 $0
Glenn Mcalpin (Board Of Director) $19,150 $5,900 $0
Dennis Stewart (Board Of Director) $18,500 $5,900 $0
+ View more people

Document Links

990
Filed on Nov. 3, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,222,719
Expenses
$58,314,938
Net Income
$3,907,781
Net Assets
$92,690,461
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $60,155,166
96.7%
Investment Income $236,511
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $256,771
0.4%
Net Fundraising $0
Sales of Assets $6,085
0.0%
Net Inventory Sales -$1,972
Other Revenue $1,570,158
2.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $622,985
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,940,560
6.8%
Assets/Debt
Total Assets $152,019,482
Total Liabilities $59,329,021
Net Assets $92,690,461
Club or Co-Op Income
Income From Members $60,155,166
Income From Other Sources $2,192,361
Compensation
Key Employees and Officers Compensation Related Other
John Sturm (Ceo) $305,260 $0 $59,708
Terry Miller (Cfo) $167,406 $0 $60,438
Tim Hogue (Director Of Operations) $147,560 $0 $30,561
Kevin Shelley (Director Of Engineerin) $144,587 $0 $42,069
Tim Foster (Line Superintendent) $129,693 $0 $27,561
Shawn Frye (Director Of Technology) $125,227 $0 $34,834
Ken Dickey (Purchasing Coordinator) $119,552 $0 $38,603
Stephen Watson (President) $24,637 $7,651 $0
Lee Ann Wilbur (Vice President) $22,712 $7,651 $0
Seth Brown (Board Of Director) $21,887 $7,651 $0
Jamie Meredith (Secretary Treasurer) $20,987 $7,651 $0
Ron Barnett (Board Of Director) $19,537 $7,651 $0
Glenn Mcalpin (Board Of Director) $16,850 $5,700 $0
Ron Grose (Former Director) $14,281 $0 $0
Dennis Stewart (Board Of Director) $12,225 $4,425 $0
Steven Shaul (Board Of Director) $11,484 $4,715 $0
Kevin Mcginnis (Former Director) $10,064 $0 $0
+ View more people

Document Links

990
Filed on Oct. 25, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$61,871,372
Expenses
$58,312,238
Net Income
$3,559,134
Net Assets
$89,628,458
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $59,979,233
96.9%
Investment Income $391,500
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $486,518
0.8%
Net Fundraising $0
Sales of Assets $39,130
0.1%
Net Inventory Sales -$2,488
Other Revenue $977,479
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $616,482
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,705,142
6.4%
Assets/Debt
Total Assets $143,678,667
Total Liabilities $54,050,209
Net Assets $89,628,458
Club or Co-Op Income
Income From Members $59,979,233
Income From Other Sources $1,948,848
Compensation
Key Employees and Officers Compensation Related Other
John Sturm (Ceo) $285,913 $0 $75,761
Terry Miller (Cfo) $161,952 $0 $75,541
Tim Hogue (Director Of Operations) $142,959 $0 $48,787
Kevin Shelley (Director Of Engineerin) $140,653 $0 $56,824
Tim Foster (Line Superintendent) $121,044 $0 $46,593
Shawn Frye (Director Of Technology) $119,390 $0 $51,683
Ken Dickey (Purchasing Coordinator) $107,459 $0 $55,708
Glenn Mcalpin (Board Of Director) $27,028 $9,698 $0
Seth Brown (Board Of Director) $26,628 $9,698 $0
Ron Barnett (Board Of Director) $24,878 $9,698 $0
Stephen Wastson (President) $24,512 $8,001 $0
Jamie Meredith (Secretary Treasurer) $24,054 $8,798 $0
Kevin Mcginnis (Former Director) $22,981 $0 $0
Lee Ann Wilbur (Vice President) $20,776 $7,897 $0
Steven Shaul (Board Of Director) $20,741 $7,710 $0
Ron Grose (Former Director) $14,146 $0 $0
+ View more people

Document Links

990
Filed on Nov. 5, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,533,394
Expenses
$60,369,605
Net Income
$3,163,789
Net Assets
$84,211,206
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $60,904,760
95.9%
Investment Income $574,447
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $140,897
0.2%
Net Fundraising $0
Sales of Assets -$6,603
Net Inventory Sales $0
Other Revenue $1,919,893
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $759,378
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,635,818
6.0%
Assets/Debt
Total Assets $137,657,600
Total Liabilities $53,446,394
Net Assets $84,211,206
Club or Co-Op Income
Income From Members $60,212,778
Income From Other Sources $2,635,237

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,979,811
Expenses
$59,085,096
Net Income
$3,894,715
Net Assets
$81,798,458
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $60,212,778
95.6%
Investment Income $580,799
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $88,206
0.1%
Net Fundraising $0
Sales of Assets $109,667
0.2%
Net Inventory Sales $74
0.0%
Other Revenue $1,988,287
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $704,440
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,230,188
5.5%
Assets/Debt
Total Assets $131,489,062
Total Liabilities $49,690,604
Net Assets $81,798,458
Club or Co-Op Income
Income From Members $60,212,778
Income From Other Sources $2,822,658

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$58,438,757
Expenses
$54,472,678
Net Income
$3,966,079
Net Assets
$75,018,731
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,294,864
94.6%
Investment Income $486,083
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $82,360
0.1%
Net Fundraising $0
Sales of Assets $17,404
0.0%
Net Inventory Sales -$158
Other Revenue $2,558,204
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $755,235
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,006,888
5.5%
Assets/Debt
Total Assets $125,617,070
Total Liabilities $50,598,339
Net Assets $75,018,731
Club or Co-Op Income
Income From Members $55,294,864
Income From Other Sources $3,170,320

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$59,639,279
Expenses
$55,395,212
Net Income
$4,244,067
Net Assets
$69,846,451
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,457,038
94.7%
Investment Income $407,109
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $86,761
0.1%
Net Fundraising $0
Sales of Assets $82,348
0.1%
Net Inventory Sales -$14,927
Other Revenue $2,620,950
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $680,482
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,038,989
5.5%
Assets/Debt
Total Assets $124,183,843
Total Liabilities $54,337,392
Net Assets $69,846,451
Club or Co-Op Income
Income From Members $56,457,038
Income From Other Sources $2,844,573

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$57,427,619
Expenses
$53,516,780
Net Income
$3,910,839
Net Assets
$66,938,465
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $54,719,256
95.3%
Investment Income $337,798
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $75,359
0.1%
Net Fundraising $0
Sales of Assets $21,804
0.0%
Net Inventory Sales $5,655
0.0%
Other Revenue $2,267,747
3.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $699,292
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,976,805
5.6%
Assets/Debt
Total Assets $118,788,292
Total Liabilities $51,849,827
Net Assets $66,938,465
Club or Co-Op Income
Income From Members $54,719,256
Income From Other Sources $2,777,481

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$55,512,240
Expenses
$52,432,358
Net Income
$3,079,882
Net Assets
$63,105,278
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $52,949,663
95.4%
Investment Income $306,189
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $64,241
0.1%
Net Fundraising $0
Sales of Assets -$1,346
Net Inventory Sales $0
Other Revenue $2,193,493
4.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $900,069
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,547,364
4.9%
Assets/Debt
Total Assets $109,550,883
Total Liabilities $46,445,605
Net Assets $63,105,278
Club or Co-Op Income
Income From Members $52,949,663
Income From Other Sources $2,563,987

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$53,814,166
Expenses
$50,956,351
Net Income
$2,857,815
Net Assets
$60,488,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $51,382,151
95.5%
Investment Income $319,525
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $62,417
0.1%
Net Fundraising $0
Sales of Assets $57,244
0.1%
Net Inventory Sales $263
0.0%
Other Revenue $1,992,566
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $729,733
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,547,906
5.0%
Assets/Debt
Total Assets $102,995,932
Total Liabilities $42,507,818
Net Assets $60,488,114
Club or Co-Op Income
Income From Members $51,382,151
Income From Other Sources $2,432,015

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$52,758,030
Expenses
$49,663,377
Net Income
$3,094,653
Net Assets
$59,700,583
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $50,297,495
95.3%
Investment Income $407,226
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $64,088
0.1%
Net Fundraising $0
Sales of Assets $21,163
0.0%
Net Inventory Sales $2,577
0.0%
Other Revenue $1,965,481
3.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $761,386
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,387,333
4.8%
Assets/Debt
Total Assets $95,930,676
Total Liabilities $36,230,093
Net Assets $59,700,583
Club or Co-Op Income
Income From Members $50,297,495
Income From Other Sources $2,460,535

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$50,642,988
Expenses
$46,362,441
Net Income
$4,280,547
Net Assets
$57,284,466
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $47,594,283
94.0%
Investment Income $228,606
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $62,717
0.1%
Net Fundraising $0
Sales of Assets $67,517
0.1%
Net Inventory Sales $718
0.0%
Other Revenue $2,689,147
5.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $774,758
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,204,002
4.8%
Assets/Debt
Total Assets $92,021,855
Total Liabilities $34,737,389
Net Assets $57,284,466
Club or Co-Op Income
Income From Members $47,953,841
Income From Other Sources $2,689,147

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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 »

Get the Data

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.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • 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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated