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Steuben County Rural Electric Membership Corp

  • Angola, IN
  • Tax-exempt since June 1938
  • EIN: 35-0687680

Organization summary

Type of Nonprofit

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

Category: Public, Society Benefit — Multipurpose and Other / Public Utilities (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 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.

Summary charts: organization finances over time

Revenue
$27.2M (2023)

Expenses
$26.1M (2023)

Total Assets
$72.3M (2023)

Total Liabilities
$49.5M (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
$27,237,127
Expenses
$26,056,299
Net Income
$1,180,828
Net Assets
$22,779,391
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,312,065
96.6%
Investment Income $22,261
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $902,801
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $322,928
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,695,661
6.5%
Assets/Debt
Total Assets $72,326,480
Total Liabilities $49,547,089
Net Assets $22,779,391
Club or Co-Op Income
Income From Members $26,312,065
Income From Other Sources $925,062
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kevin Keiser (Ceo) $209,607 $0 $28,121
Wayne Gingrich (Pres) $15,200 $0 $0
William Snyder (Director) $10,400 $0 $0
Marc Nelson (Director) $10,000 $0 $0
Gary Shough (Sec/Treas) $8,800 $0 $0
Larry Jack (V Pres) $8,000 $0 $0
Carter Snider (Director) $8,000 $0 $0
Michael Kurtz (Director) $8,000 $0 $0
Samuel Gus Reed (Director) $6,800 $0 $0
Neasa Kalme (Director) $6,000 $0 $0
Scott Charters (Director) $4,000 $0 $0
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Document Links

990
Filed on May 9, 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
$24,721,068
Expenses
$23,874,923
Net Income
$846,145
Net Assets
$21,551,047
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,301,619
98.3%
Investment Income $22,969
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $300
0.0%
Net Inventory Sales $0
Other Revenue $396,180
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $300,686
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,559,627
6.5%
Assets/Debt
Total Assets $49,035,276
Total Liabilities $27,484,229
Net Assets $21,551,047
Club or Co-Op Income
Income From Members $24,301,619
Income From Other Sources $419,449
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kevin Keiser (Ceo) $201,884 $0 $24,002
Wayne Gingrich (Pres) $12,400 $0 $0
Gary Shough (Sec/Treas) $10,000 $0 $0
Larry Jack (V Pres) $9,200 $0 $0
William Snyder (Director) $8,800 $0 $0
Marc Nelson (Director) $8,400 $0 $0
Scott Charters (Director) $8,000 $0 $0
Carter Snider (Director) $6,000 $0 $0
Michael Kurtz (Director) $6,000 $0 $0
Neasa Kalme (Director) $6,000 $0 $0
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Document Links

990
Filed on June 14, 2023

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

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,050,983
Expenses
$22,504,164
Net Income
$1,546,819
Net Assets
$20,610,392
Notable Sources of Revenue Percent of Total Revenue
Contributions $517,200
2.2%
Program Services $23,007,891
95.7%
Investment Income $22,966
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,351
0.1%
Net Inventory Sales $0
Other Revenue $480,575
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $283,424
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,464,744
6.5%
Assets/Debt
Total Assets $37,231,769
Total Liabilities $16,621,377
Net Assets $20,610,392
Club or Co-Op Income
Income From Members $23,007,891
Income From Other Sources $1,043,092
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kevin Keiser (Ceo) $195,488 $0 $19,336
Wayne Gingrich (Pres) $14,000 $0 $0
Larry Jack (V Pres) $12,000 $0 $0
William Snyder (Director) $8,600 $0 $0
Marc Nelson (Director) $7,000 $0 $0
Carter Snider (Director) $7,000 $0 $0
Scott Charters (Director) $6,600 $0 $0
Gary Shough (Sec/Treas) $6,400 $0 $0
Michael Kurtz (Director) $6,200 $0 $0
Neasa Kalme (Director) $800 $0 $0
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Document Links

990
Filed on June 15, 2022

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

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,299,356
Expenses
$20,578,767
Net Income
$1,720,589
Net Assets
$19,099,505
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,495,372
96.4%
Investment Income $25,988
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,500
0.1%
Net Inventory Sales $0
Other Revenue $765,496
3.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $278,721
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,421,065
6.9%
Assets/Debt
Total Assets $35,977,823
Total Liabilities $16,878,318
Net Assets $19,099,505
Club or Co-Op Income
Income From Members $21,495,372
Income From Other Sources $803,984
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Kevin Keiser (Ceo) $198,249 $0 $14,872
Wayne Gingrich (Pres) $13,600 $0 $0
Larry Jack (V Pres) $8,000 $0 $0
Carter Snider (Director) $7,600 $0 $0
William Snyder (Director) $7,600 $0 $0
Gary Stroh (Director) $6,000 $0 $0
Scott Charters (Director) $6,000 $0 $0
Gary Shough (Sec/Treas) $5,600 $0 $0
Marc Nelson (Director) $5,600 $0 $0
Michael Kurtz (Director) $5,600 $0 $0
+ View more people

Document Links

990
Filed on June 16, 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
$21,725,979
Expenses
$20,694,107
Net Income
$1,031,872
Net Assets
$18,023,326
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,981,725
96.6%
Investment Income $35,069
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $709,185
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $282,937
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,353,970
6.5%
Assets/Debt
Total Assets $31,242,542
Total Liabilities $13,219,216
Net Assets $18,023,326
Club or Co-Op Income
Income From Members $20,981,725
Income From Other Sources $744,254

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
$21,952,252
Expenses
$20,638,488
Net Income
$1,313,764
Net Assets
$17,490,272
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $21,115,593
96.2%
Investment Income $32,819
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $26,600
0.1%
Net Inventory Sales $0
Other Revenue $777,240
3.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $336,296
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,225,454
5.9%
Assets/Debt
Total Assets $30,371,478
Total Liabilities $12,881,206
Net Assets $17,490,272
Club or Co-Op Income
Income From Members $2,115,593
Income From Other Sources $836,659

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
$20,938,717
Expenses
$19,965,334
Net Income
$973,383
Net Assets
$16,098,378
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,250,400
96.7%
Investment Income $25,269
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,000
0.0%
Net Inventory Sales $0
Other Revenue $656,048
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $319,025
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,184,683
5.9%
Assets/Debt
Total Assets $29,216,537
Total Liabilities $13,118,159
Net Assets $16,098,378
Club or Co-Op Income
Income From Members $20,250,400
Income From Other Sources $688,317

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
$21,482,462
Expenses
$21,160,743
Net Income
$321,719
Net Assets
$15,616,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,785,064
96.8%
Investment Income $23,689
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $800
0.0%
Net Inventory Sales $0
Other Revenue $672,909
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $307,793
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,202,449
5.7%
Assets/Debt
Total Assets $28,535,488
Total Liabilities $12,919,477
Net Assets $15,616,011
Club or Co-Op Income
Income From Members $20,785,064
Income From Other Sources $697,398

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
$20,758,650
Expenses
$19,883,046
Net Income
$875,604
Net Assets
$15,293,937
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,174,971
97.2%
Investment Income $22,591
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,835
0.0%
Net Inventory Sales $0
Other Revenue $552,253
2.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $164,885
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,224,271
6.2%
Assets/Debt
Total Assets $27,741,817
Total Liabilities $12,447,880
Net Assets $15,293,937
Club or Co-Op Income
Income From Members $20,174,971
Income From Other Sources $583,679

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
$20,592,265
Expenses
$19,931,971
Net Income
$660,294
Net Assets
$14,841,004
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $20,072,185
97.5%
Investment Income $23,179
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,242
Net Inventory Sales $0
Other Revenue $504,143
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $212,151
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,263,324
6.3%
Assets/Debt
Total Assets $26,817,650
Total Liabilities $11,976,646
Net Assets $14,841,004
Club or Co-Op Income
Income From Members $20,072,185
Income From Other Sources $520,080

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
$20,057,767
Expenses
$19,154,744
Net Income
$903,023
Net Assets
$14,269,574
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,410,487
96.8%
Investment Income $27,666
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,400
0.1%
Net Inventory Sales $0
Other Revenue $607,214
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $191,827
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,159,670
6.1%
Assets/Debt
Total Assets $25,672,441
Total Liabilities $11,402,867
Net Assets $14,269,574
Club or Co-Op Income
Income From Members $19,410,487
Income From Other Sources $647,280

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
$5,399,449
Expenses
$4,621,563
Net Income
$777,886
Net Assets
$13,555,407
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $26,549
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $4,899,097
90.7%
Other Revenue $473,803
8.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $193,314
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,133,290
24.5%
Assets/Debt
Total Assets $23,641,271
Total Liabilities $10,085,864
Net Assets $13,555,407
Club or Co-Op Income
Income From Members $18,388,427
Income From Other Sources $500,352

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
$4,806,706
Expenses
$4,625,266
Net Income
$181,440
Net Assets
$12,835,100
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $28,300
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $4,293,393
89.3%
Other Revenue $485,013
10.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $178,973
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,180,159
25.5%
Assets/Debt
Total Assets $22,298,791
Total Liabilities $9,463,691
Net Assets $12,835,100
Club or Co-Op Income
Income From Members $16,777,440
Income From Other Sources $513,313

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.

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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.

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