Kosciusko Rural Electric Membership Corporation

Warsaw, IN
Tax-exempt since April 1941
EIN: 35-0449575

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$51.5M (2022)

Expenses

$49.7M (2022)

Total Assets

$131M (2022)

Total Liabilities

$60.6M (2022)

Source: Form 990 tax filings from 2011 to 2022

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.
2022

Revenue

$51,459,225

Expenses

$49,742,337

Net Income

$1,716,888

Net Assets

$70,580,577

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,325,805	97.8%
Investment Income	$203,788	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$36,500	0.1%
Net Inventory Sales	$0
Other Revenue	$893,132	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$875,402	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$371,631	0.7%

Assets/Debt
Total Assets	$131,199,906
Total Liabilities	$60,619,329
Net Assets	$70,580,577

Club or Co-Op Income
Income From Members	$51,340,701
Income From Other Sources	$1,230,199

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kurt Carver (President & Ceo)	$234,808	$0	$62,883
Jayne Brunetto (Financial Systems Analyst)	$137,688	$0	$27,377
Jeff Moore (Vp Of Engineering & Operations)	$130,669	$0	$128,436
Cody Kindle (Lineman)	$130,210	$0	$23,175
Curt Barkey (Vp Of Technology & Broadband)	$128,323	$0	$59,408
Tim Landrigan (Cfo)	$126,240	$0	$45,213
Isaac Harp (Lineman)	$115,067	$0	$42,367
Terry Bouse (Director)	$13,650	$0	$0
Rick Parker (Director)	$13,650	$0	$0
Steve E Miner (Director)	$13,650	$0	$0
Anthony Fleming (Chairman)	$13,650	$0	$0
John Hand (Secretary/Treasurer)	$12,935	$0	$0
Daniel Tucker (Vice Chairman)	$12,600	$0	$0
Pam Messmore (Director)	$12,600	$0	$0
Loretta Schafer (Director)	$9,800	$0	$0
Todd Smith (Director)	$8,400	$0	$0
William Stump Jr (Director)	$5,690	$0	$0
Kim Buhrt (Director)	$1,050	$0	$0

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990

Filed on Nov. 8, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$50,256,556

Expenses

$46,458,859

Net Income

$3,797,697

Net Assets

$68,827,330

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$48,589,265	96.7%
Investment Income	$58,764	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$39,610	0.1%
Net Inventory Sales	$0
Other Revenue	$1,568,917	3.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$446,562	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$703,061	1.5%

Assets/Debt
Total Assets	$103,207,559
Total Liabilities	$34,380,229
Net Assets	$68,827,330

Club or Co-Op Income
Income From Members	$49,085,920
Income From Other Sources	$1,763,560

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kurt Carver (President & Ceo)	$210,846	$0	$42,379
Jeff Moore (Mgr. Engineering/Operations)	$119,236	$0	$106,883
Curt Barkey (Vp Of Technology & Broadband)	$114,535	$0	$43,572
Tim Landrigan (Cfo)	$112,090	$0	$46,096
Isaac Harp (Lineman)	$109,873	$0	$44,193
Justin Jones (Lineman)	$109,776	$0	$44,271
Brian Heiman (Lineman)	$108,308	$0	$25,869
Kim Buhrt (Director)	$17,150	$0	$0
Steve E Miner (Director)	$14,350	$0	$0
William Stump (Director Chairman)	$14,090	$0	$0
Rick Parker (Director)	$13,650	$0	$0
Terry Bouse (Director)	$13,650	$0	$0
John Hand (Director Secretary Treasu)	$12,935	$0	$0
Daniel Tucker (Director Vice Chairman)	$12,600	$0	$0
Pam Messmore (Director)	$12,600	$0	$0
Anthony Fleming (Director)	$12,600	$0	$0

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990

Filed on Nov. 3, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$49,567,753

Expenses

$45,426,034

Net Income

$4,141,719

Net Assets

$65,027,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$47,904,118	96.6%
Investment Income	$35,677	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$7,250	0.0%
Net Inventory Sales	$0
Other Revenue	$1,620,708	3.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$519,802	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$627,116	1.4%

Assets/Debt
Total Assets	$86,086,968
Total Liabilities	$21,059,453
Net Assets	$65,027,515

Club or Co-Op Income
Income From Members	$47,808,728
Income From Other Sources	$1,759,026

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Kurt Carver (President & Ceo)	$166,465	$0	$97,537
Bruce Goslee (President & Ceo)	$117,488	$0	$5,505
Jeff Moore (Mgr. Operations)	$110,925	$0	$85,086
Kody Hand (Lineman)	$107,317	$0	$37,864
Brian Heiman (Lineman)	$105,947	$0	$25,592
Issac Harp (Lineman)	$103,452	$0	$40,933
Shane Henderson (Lineman)	$101,844	$0	$47,780
Tim Landrigan (Mgr. Accounting & Fin.)	$99,945	$0	$41,253
Kim Buhrt (Director)	$17,534	$0	$0
Steve E Miner (Director)	$16,718	$0	$0
William Stump (Director Chairman)	$16,108	$0	$0
John Hand (Director Secretary Treasurer)	$16,003	$0	$0
Daniel Tucker (Director Vice Chairman)	$15,318	$0	$0
Rick Parker (Director)	$14,618	$0	$0
Pam Messmore (Director)	$14,618	$0	$0
Anthony Fleming (Director)	$14,443	$0	$0
Terry Bouse (Director)	$13,918	$0	$0

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990

Filed on Nov. 11, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$51,151,349

Expenses

$47,234,118

Net Income

$3,917,231

Net Assets

$62,004,254

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$49,509,212	96.8%
Investment Income	$36,890	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,605,247	3.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$406,990	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$725,082	1.5%

Assets/Debt
Total Assets	$83,611,625
Total Liabilities	$21,607,371
Net Assets	$62,004,254

Club or Co-Op Income
Income From Members	$49,413,946
Income From Other Sources	$1,737,403

990

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

PDF

Fiscal Year Ending Dec.
2018

Revenue

$51,800,714

Expenses

$47,626,019

Net Income

$4,174,695

Net Assets

$59,178,681

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,422,408	97.3%
Investment Income	$41,248	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$45,781	0.1%
Net Inventory Sales	$0
Other Revenue	$1,291,276	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$613,488	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$603,759	1.3%

Assets/Debt
Total Assets	$81,519,806
Total Liabilities	$22,341,125
Net Assets	$59,178,681

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

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

PDF

Fiscal Year Ending Dec.
2017

Revenue

$50,309,776

Expenses

$45,597,538

Net Income

$4,712,238

Net Assets

$55,807,342

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$48,861,494	97.1%
Investment Income	$40,299	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$17,000	0.0%
Net Inventory Sales	$0
Other Revenue	$1,390,983	2.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$505,587	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$697,455	1.5%

Assets/Debt
Total Assets	$79,038,811
Total Liabilities	$23,231,469
Net Assets	$55,807,342

Club or Co-Op Income
Income From Members	$48,767,641
Income From Other Sources	$1,542,135

990

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

PDF

Fiscal Year Ending Dec.
2016

Revenue

$49,644,568

Expenses

$46,514,957

Net Income

$3,129,611

Net Assets

$51,859,632

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$48,478,595	97.7%
Investment Income	$38,690	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$8,653	0.0%
Net Inventory Sales	-$16,793
Other Revenue	$1,135,424	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$483,771	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$678,845	1.5%

Assets/Debt
Total Assets	$75,743,373
Total Liabilities	$23,883,741
Net Assets	$51,859,632

Club or Co-Op Income
Income From Members	$48,398,513
Income From Other Sources	$1,246,055

990

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$47,475,983

Expenses

$44,635,461

Net Income

$2,840,522

Net Assets

$49,451,829

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,394,019	97.7%
Investment Income	$38,285	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$6,372	0.0%
Net Inventory Sales	-$20,201
Other Revenue	$1,057,508	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$491,834	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$514,333	1.2%

Assets/Debt
Total Assets	$73,614,291
Total Liabilities	$24,162,462
Net Assets	$49,451,829

Club or Co-Op Income
Income From Members	$46,314,679
Income From Other Sources	$1,161,304

990

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$47,539,011

Expenses

$44,905,852

Net Income

$2,633,159

Net Assets

$47,238,722

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,280,237	97.4%
Investment Income	$39,359	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$58,780	0.1%
Net Inventory Sales	-$9,410
Other Revenue	$1,170,044	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$375,447	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$620,474	1.4%

Assets/Debt
Total Assets	$72,286,721
Total Liabilities	$25,047,999
Net Assets	$47,238,722

Club or Co-Op Income
Income From Members	$46,202,695
Income From Other Sources	$1,336,316

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$45,012,560

Expenses

$42,884,164

Net Income

$2,128,396

Net Assets

$45,233,514

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,853,680	97.4%
Investment Income	$51,860	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$47,353	0.1%
Net Inventory Sales	-$9,099
Other Revenue	$1,068,767	2.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$390,712	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$540,934	1.3%

Assets/Debt
Total Assets	$69,673,617
Total Liabilities	$24,440,103
Net Assets	$45,233,514

Club or Co-Op Income
Income From Members	$43,776,458
Income From Other Sources	$1,236,102

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$44,572,405

Expenses

$41,892,975

Net Income

$2,679,430

Net Assets

$43,782,545

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,542,906	97.7%
Investment Income	$43,535	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$10	0.0%
Net Inventory Sales	-$8,279
Other Revenue	$994,232	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$469,585	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$476,717	1.1%

Assets/Debt
Total Assets	$65,875,947
Total Liabilities	$22,093,402
Net Assets	$43,782,545

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$43,058,087

Expenses

$40,649,290

Net Income

$2,408,797

Net Assets

$41,693,136

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$42,095,197	97.8%
Investment Income	$47,577	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$23,993	0.1%
Net Inventory Sales	$4,264	0.0%
Other Revenue	$887,056	2.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$435,306	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$441,340	1.1%

Assets/Debt
Total Assets	$61,826,534
Total Liabilities	$20,133,398
Net Assets	$41,693,136

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

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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Updated December 2, 2024

Kosciusko Rural Electric Membership Corporation

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $51.5M (2022)

Expenses $49.7M (2022)

Total Assets $131M (2022)

Total Liabilities $60.6M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

990

Revenue

$51.5M (2022)

Expenses

$49.7M (2022)

Total Assets

$131M (2022)

Total Liabilities

$60.6M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004