Rushshelby Energy Rural Electric Cooperative Inc

Manilla, IN
Tax-exempt since May 2001
EIN: 35-2068789

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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.

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.

Revenue

$55.8M (2023)

Expenses

$54.1M (2023)

Total Assets

$108M (2023)

Total Liabilities

$56.5M (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

Revenue

$55,792,578

Expenses

$54,147,028

Net Income

$1,645,550

Net Assets

$51,796,718

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$54,021,730	96.8%
Investment Income	$214,782	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$117,490	0.2%
Net Fundraising	$0
Sales of Assets	-$67,637
Net Inventory Sales	$108	0.0%
Other Revenue	$1,506,105	2.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,530,576	2.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$888,635	1.6%

Assets/Debt
Total Assets	$108,293,851
Total Liabilities	$56,497,133
Net Assets	$51,796,718

Club or Co-Op Income
Income From Members	$54,021,730
Income From Other Sources	$1,770,848

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Chris Chastain (Ceo)	$206,022	$0	$84,718
Tony Adkins (Lineman Serviceman)	$153,091	$0	$48,855
David Toll (Vp Marketing & Member Services)	$141,215	$0	$67,913
Brad Means (Vp Operations)	$136,565	$0	$67,202
Nathaniel Best (Lineman)	$133,489	$0	$53,575
Cameron Cox (Lineman)	$126,249	$0	$45,080
Sam Kinder (Cfo)	$112,084	$0	$58,968
Charles Smith (President)	$12,400	$0	$0
Bruce Everhart (Director)	$12,350	$0	$0
Dean Bacon (Vice President)	$11,000	$0	$0
Bob Stroup (Director)	$10,600	$0	$0
Mark Nigh (Director)	$10,550	$0	$0
Ann Sipes (Director)	$10,400	$0	$0
Fred Smith (Director)	$9,800	$0	$0
Keith Theobald (Director)	$9,400	$0	$0
Jill Koch (Secretary)	$9,050	$0	$0

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990

Filed on Sept. 6, 2024

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$51,641,871

Expenses

$50,392,913

Net Income

$1,248,958

Net Assets

$49,376,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$50,255,260	97.3%
Investment Income	$173,601	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$129,531	0.3%
Net Fundraising	$0
Sales of Assets	-$107,726
Net Inventory Sales	$822	0.0%
Other Revenue	$1,190,383	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,626,863	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,071,127	2.1%

Assets/Debt
Total Assets	$106,961,014
Total Liabilities	$57,584,673
Net Assets	$49,376,341

Club or Co-Op Income
Income From Members	$50,255,260
Income From Other Sources	$1,489,349

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Chris Chastain (Ceo)	$195,079	$0	$89,679
Tony Adkins (Journeyman Lineman (Serviceman))	$156,484	$0	$62,710
David Toll (Vp Administration & Member Management)	$135,611	$0	$80,638
Linda Hood (Cfo)	$132,976	$0	$84,180
Brad Means (Vp Operations)	$132,699	$0	$74,524
Cameron Cox (Journeyman Lineman)	$128,506	$0	$46,394
Greg File (Journeyman Lineman (Foreman))	$127,328	$0	$74,005
Charlie Smith (President)	$15,200	$0	$0
Dean Bacon (Vice President)	$12,350	$0	$0
Ann Sipes (Director)	$12,000	$0	$0
Mark Nigh (Director)	$11,500	$0	$0
Keith Theobald (Director)	$11,400	$0	$0
Bruce Everhart (Treasurer)	$11,150	$0	$0
Jill Koch (Secretary)	$11,050	$0	$0
Robert Stroup (Director)	$11,000	$0	$0
Fred Smith (Director)	$10,400	$0	$0

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990

Filed on Nov. 8, 2023

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

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Schedules ▼

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Fiscal Year Ending Dec.
2021

Revenue

$47,128,138

Expenses

$45,857,728

Net Income

$1,270,410

Net Assets

$48,072,345

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$45,731,080	97.0%
Investment Income	$79,340	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$120,195	0.3%
Net Fundraising	$0
Sales of Assets	-$409,572
Net Inventory Sales	-$789
Other Revenue	$1,607,884	3.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,611,856	3.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,191,568	7.0%

Assets/Debt
Total Assets	$101,755,271
Total Liabilities	$53,682,926
Net Assets	$48,072,345

Club or Co-Op Income
Income From Members	$45,731,080
Income From Other Sources	$1,397,060

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Terry Jobe (Ceo)	$283,709	$0	$127,426
Chris Chastain (Vp Engineering)	$155,924	$0	$88,237
Tony Adkins (Serviceman)	$145,572	$0	$64,218
Linda Hood (Vp Finance)	$133,777	$0	$85,364
Bradley Means (Vp Operations)	$133,195	$0	$81,187
Jason Clemmons (Vp Member Services)	$127,968	$0	$78,881
David Toll (Vp Consumer Services)	$127,294	$0	$81,156
Tim Smith (Serviceman)	$122,554	$0	$56,433
Greg File (Foreman B)	$121,676	$0	$69,544
Matt Busald (Journeyman Lineman)	$120,167	$0	$63,414
Michael Sparks (Journeyman Lineman)	$119,616	$0	$66,085
Mark Nigh (Director)	$13,150	$0	$0
Bruce Everhart (Treasurer)	$13,100	$0	$0
Ann Sipes (Director)	$11,850	$0	$0
Charles Smith (President)	$11,200	$0	$0
Robert Stroup (Director)	$11,200	$0	$0
Jill Koch (Secretary)	$10,900	$0	$0
Keith Theobald (Director)	$10,850	$0	$0
Fred Smith (Director)	$10,800	$0	$0
Dean Bacon (Vice President)	$9,950	$0	$0

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990

Filed on Nov. 11, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$47,073,647

Expenses

$46,438,092

Net Income

$635,555

Net Assets

$46,259,809

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,326,201	98.4%
Investment Income	$66,107	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$106,208	0.2%
Net Fundraising	$0
Sales of Assets	-$436,444
Net Inventory Sales	-$11,950
Other Revenue	$1,023,525	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,255,954	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,754,901	5.9%

Assets/Debt
Total Assets	$100,353,321
Total Liabilities	$54,093,512
Net Assets	$46,259,809

Club or Co-Op Income
Income From Members	$46,326,201
Income From Other Sources	$111,888

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Terry Jobe (Ceo)	$251,054	$0	$110,825
Tony Adkins (Serviceman)	$145,116	$0	$62,274
Chris Chastain (Vp Engineering)	$139,891	$0	$83,849
Linda Hood (Vp Finance)	$139,434	$0	$80,896
Bradley Means (Vp Operations)	$129,041	$0	$79,139
David Toll (Vp Consumer Services)	$125,824	$0	$77,558
Jason Clemmons (Vp Member Services)	$122,315	$0	$72,572
Matt Busald (Journeyman Lineman)	$118,220	$0	$61,582
Jim Draper (Staking Engineer)	$117,103	$0	$66,506
Tim Smith (Serviceman)	$116,708	$0	$53,446
Michael Sparks (Journeyman Lineman)	$113,537	$0	$64,024
Bruce Everhart (Director)	$11,900	$0	$0
Charles Smith (Treasurer)	$11,800	$0	$0
Dean Bacon (Vice President)	$11,250	$0	$0
Keith Theobald (President)	$10,400	$0	$0
Ann Sipes (Director)	$10,400	$0	$0
Fred Smith (Director)	$10,400	$0	$0
Robert Stroup (Director)	$10,200	$0	$0
Jill Koch (Secretary)	$10,000	$0	$0
Mark Nigh (Director)	$9,600	$0	$0

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990

Filed on Nov. 2, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$47,216,609

Expenses

$46,203,964

Net Income

$1,012,645

Net Assets

$44,677,035

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,095,398	97.6%
Investment Income	$74,882	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$88,503	0.2%
Net Fundraising	$0
Sales of Assets	-$228,570
Net Inventory Sales	$17,887	0.0%
Other Revenue	$1,168,509	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,260,902	2.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,791,258	6.0%

Assets/Debt
Total Assets	$98,462,651
Total Liabilities	$53,785,616
Net Assets	$44,677,035

Club or Co-Op Income
Income From Members	$46,095,398
Income From Other Sources	$108,566

990

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

PDF

Fiscal Year Ending Dec.
2018

Revenue

$47,754,361

Expenses

$46,616,674

Net Income

$1,137,687

Net Assets

$42,988,117

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,507,131	97.4%
Investment Income	$38,486	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$122,895	0.3%
Net Fundraising	$0
Sales of Assets	-$256,387
Net Inventory Sales	$110,465	0.2%
Other Revenue	$1,231,771	2.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,386,366	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,871,207	6.2%

Assets/Debt
Total Assets	$97,428,538
Total Liabilities	$54,440,421
Net Assets	$42,988,117

Club or Co-Op Income
Income From Members	$47,493,684
Income From Other Sources	$109,544

990

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

PDF

Fiscal Year Ending Dec.
2017

Revenue

$44,538,025

Expenses

$43,170,688

Net Income

$1,367,337

Net Assets

$40,904,591

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,061,407	96.7%
Investment Income	$35,006	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$105,999	0.2%
Net Fundraising	$0
Sales of Assets	-$189,387
Net Inventory Sales	$39,841	0.1%
Other Revenue	$1,485,159	3.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,446,710	3.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,224,493	5.2%

Assets/Debt
Total Assets	$96,449,830
Total Liabilities	$55,545,239
Net Assets	$40,904,591

Club or Co-Op Income
Income From Members	$43,061,408
Income From Other Sources	$109,280

990

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

PDF

Fiscal Year Ending Dec.
2016

Revenue

$82,626

Expenses

$83,179

Net Income

-$553

Net Assets

$42,344

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$82,604	100.0%
Program Services	$0
Investment Income	$22	0.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$42,344
Total Liabilities	$0
Net Assets	$42,344

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.
2015

Revenue

$45,169,963

Expenses

$43,205,908

Net Income

$1,964,055

Net Assets

$35,655,501

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,099,069	95.4%
Investment Income	$38,621	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$129,154	0.3%
Net Fundraising	$0
Sales of Assets	-$36,882
Net Inventory Sales	$208,106	0.5%
Other Revenue	$1,731,895	3.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$90,866,532
Total Liabilities	$55,211,031
Net Assets	$35,655,501

Club or Co-Op Income
Income From Members	$43,099,069
Income From Other Sources	$1,829,997

990

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$44,952,504

Expenses

$43,259,834

Net Income

$1,692,670

Net Assets

$33,127,836

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,147,898	96.0%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$100,679	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$8,009
Other Revenue	$1,711,936	3.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$88,714,884
Total Liabilities	$55,587,048
Net Assets	$33,127,836

Club or Co-Op Income
Income From Members	$44,652,061
Income From Other Sources	$203,717

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$42,359,087

Expenses

$40,924,711

Net Income

$1,434,376

Net Assets

$30,714,364

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$40,847,167	96.4%
Investment Income	$34,876	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$81,947	0.2%
Net Fundraising	$0
Sales of Assets	-$132,292
Net Inventory Sales	$3,025	0.0%
Other Revenue	$1,524,364	3.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$85,960,633
Total Liabilities	$55,246,269
Net Assets	$30,714,364

Club or Co-Op Income
Income From Members	$42,147,167
Income From Other Sources	$211,920

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$41,697,379

Expenses

$40,087,277

Net Income

$1,610,102

Net Assets

$28,533,333

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$40,015,276	96.0%
Investment Income	$39,483	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$86,039	0.2%
Net Fundraising	$0
Sales of Assets	-$89,067
Net Inventory Sales	-$15,185
Other Revenue	$1,660,832	4.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$81,389,785
Total Liabilities	$52,856,452
Net Assets	$28,533,333

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

$39,446,522

Expenses

$37,920,662

Net Income

$1,525,860

Net Assets

$26,215,978

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$37,849,320	96.0%
Investment Income	$40,121	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$77,249	0.2%
Net Fundraising	$0
Sales of Assets	-$521,608
Net Inventory Sales	-$3,047
Other Revenue	$2,004,487	5.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$78,632,008
Total Liabilities	$52,416,030
Net Assets	$26,215,978

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

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Rushshelby Energy Rural Electric Cooperative Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $55.8M (2023)

Expenses $54.1M (2023)

Total Assets $108M (2023)

Total Liabilities $56.5M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

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 990-EZ

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

Revenue

$55.8M (2023)

Expenses

$54.1M (2023)

Total Assets

$108M (2023)

Total Liabilities

$56.5M (2023)

Fiscal Year Ending Dec.
2023

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.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004