2023-05-15T09:40:27-07:00 2022-12-31 990 2022-01-01 350549925 NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP NOBL 2606362113 PO BOX 137 ALBION IN 46701 Ronald L Raypole President & CEO 2606362113 2023-05-15 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z RONALD L RAYPOLE 300 WEBER ROAD ALBION IN 46701 25889887 0 X www.nobleremc.com X 1936 IN AS A MEMBER-OWNED, NOT-FOR-PROFIT SERVICE ORGANIZATION, OUR MISSION IS TO PROVIDE AFFORDABLE, RELIABLE AND SAFE ELECTRIC SERVICE TO OUR MEMBERS. 9 9 36 0 0 0 0 0 24500085 25330655 97101 81692 491448 477540 25088634 25889887 0 0 566263 757541 3271053 3503508 0 0 0 20652694 21831152 24490010 26092201 598624 -202314 42900555 42626077 15834427 15852444 27066128 26773633 AS A MEMBER-OWNED, NOT-FOR-PROFIT SERVICE ORGANIZATION, OUR MISSION IS TO PROVIDE AFFORDABLE, RELIABLE AND SAFE ELECTRIC SERVICE TO OUR MEMBERS. 0 0 DISTRIBUTION OF ELECTRICITY TO RURAL MEMBERS 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 21 0 1 36 1 0 0 0 0 0 25330655 559232 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X NOBLE REMC C/O ADAM CHITWOOD 2606362113 PO BOX 137 ALBION IN 46701 RONALD RAYPOLE PRESIDENT & CEO 50 0 X 225925 0 107870 DOUGLAS DICKMEYER MANAGER OF OPERATIONS 45.00 0 X 150718 0 82407 DOUGLAS EGGL LINEMAN 47 0 X 118005 0 48951 ROBERT COIL LINEMAN 45 0 X 107718 0 51751 ADAM CHITWOOD MANAGER OF FINANCE/ACCOUNTING 45 0 X 113218 0 42311 CODY KIRKPATRICK LINEMAN 45 0 X 111234 0 39905 JUSTIN FRY LINEMAN 45 0 X 108190 0 30350 DOUG BURNWORTH VICE CHAIRMAN 6.3 0 X X 11375 0 0 JOE HUTSELL DIRECTOR 3.6 0 X 11050 0 0 WILLIAM KNOX TREASURER 4.4 0 X X 10535 0 0 GEORGE BENNETT DIRECTOR 3.0 0.00 X 10005 0 0 LARRY OTT DIRECTOR 2.9 0 X 10005 0 0 JAY WYSONG DIRECTOR 6.2 0 X 10005 0 0 RICHARD ROBERTSON CHAIRMAN 3.0 0 X X 9900 0 0 ANDREW STRACK SECRETARY 2.4 0 X X 9695 0 0 MARK DEMSKE DIRECTOR 5.0 0 X 8445 0 0 1026023 0 403545 11 0 1 0 0 0 ELECTRIC UTILITY INCOME 221000 25330655 25330655 0 0 0 0 0 0 25330655 73954 0 0 73954 0 0 0 0 0 0 0 0 0 0 0 7738 0 0 0 7738 7738 7738 0 0 CAPITAL CREDIT INCOME 221000 474811 0 0 474811 MISCELLANEOUS INCOME 900099 2729 0 0 2729 0 0 0 0 477540 25889887 25338393 0 551494 757541 467659 1987313 424424 452207 171905 8601 15600 2000 3000 16613 102419 291521 133380 119154 21524 505636 1674026 87821 COST OF POWER 17431712 OPERATION & MAINT DISTRIBUTION 765952 ADMIN/CUSTOMER SERVICE/CUSTOMER ACCT 365583 PROPERTY/UTILITY RECEIPTS TAX 286610 26092201 0 0 0 2511725 1417316 2553385 2687960 375907 448730 689348 529826 51823829 24335321 26907267 27488508 9858461 10049275 4462 4462 42900555 42626077 1594685 1872791 11901262 11578649 2338480 2401004 15834427 15852444 X 0 0 2294355 2328370 24771773 24445263 27066128 26773633 42900555 42626077 -202314 -90181 0 0 0 0 X 0 1 X 1 0 2000 0 0 0 0 1 INDIANA FORE 8888 KEYSTONE CROSSING SUITE 1600 INDIANAPOLIS IN 46240 351998087 2000 575 ACRE 431 WILSON BLVD ARLINGTON VA 222031860 526147497 0 950 Schedule C, Part I-A, Line 1 CONTRIBUTIONS TO POLITICAL ACTION COMMITTEES 0 182877 182877 0 3278896 1422580 1856316 0 0 0 0 0 48362056 22912741 25449315 0 0 0 0 27488508 INVESTMENT IN ASSOCIATED ORGANIZATIONS 9665443 C DEFERRED COMP 457(B) PLAN 383832 F 10049275 0 POST RETIREMENT BENEFITS 603256 DEFFERED COMP 383832 ACCRUED TAXES 290094 CONSUMER DEPOSITS 217485 PATRONAGE CAPITAL PAYABLE 557796 ACCRUED VACATION/PAYROLL 255763 ACCRUED INTEREST/EXPENSES 77641 EMPLOYEE WITHHOLDINGS 15137 2401004 X 25799706 -90181 0 0 0 -90181 25889887 0 0 0 25889887 25334660 0 0 0 0 0 25334660 0 757541 757541 26092201 Schedule D, Part X, Line 2 THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED FASB ASC 740-10-25 AND DETERMINED NO MATERIAL UNRECOGNIZED TAX BENEFITS OR LIABILITIES EXIST AS OF DECEMBER 31, 2022. THE ADOPTION OF FASB 740-10-25 DID NOT IMPACT THE CORPORATION'S FINANCIAL POSITION OR RESULT OF OPERATIONS. IF APPLICABLE, THE CORPORATION WILL RECOGNIZE INTEREST AND PENALTIES RELATED TO UNDERPAYMENT OF INCOME TAXES AS INCOME TAX EXPENSE. AS OF DECEMBER 31, 2022, THE CORPORATION HAS NO AMOUNTS RELATED TO UNRECOGNIZED INCOME TAX BENEFITS AND NO AMOUNTS RELATED TO ACCRUED INTEREST AND PENALTIES. THE CORPORATION DOES NOT ANTICIPATE ANY SIGNIFICANT CHANGES TO UNRECOGNIZED INCOME TAX BENEFITS OVER THE NEXT YEAR. THE CORPORATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2019. Schedule D, Part XII, Line 4b CAPITAL CREDITS PAID TO MEMBERS X 1 1 X X X X 0 1 0 RONALD RAYPOLE PRESIDENT & CEO 198996 0 17686 0 9243 0 78240 0 29630 0 333795 0 0 0 DOUGLAS DICKMEYER MANAGER OF OPERATIONS 141626 0 7406 0 1686 0 54664 0 27743 0 233125 0 0 0 DOUGLAS EGGL LINEMAN 115306 0 1549 0 1151 0 25376 0 23574 0 166956 0 0 0 ADAM CHITWOOD MANAGER OF FINANCE/ACCOUNTING 107383 0 5501 0 334 0 18228 0 24083 0 155529 0 0 0 CODY KIRKPATRICK LINEMAN 109508 0 1332 0 394 0 16481 0 23424 0 151139 0 0 0 ROBERT COIL LINEMAN 105707 0 1462 0 549 0 25895 0 25856 0 159469 0 0 0 Schedule J, Part I, Line 1a CEO EMPLOYMENT AGREEMENT HAS AN EXPENSE REIMBURSEMENT THAT "AGREES TO PAY RESONABLE AND NECESSARY TRANSPORTATION, MEALS AND LODGING EXPENSES INCURRED AS THE RESULT OF THE CEO'S SPOUSE ACCOMPANYING HIM ON BUSINESS TRIPS." Schedule J, Part I, Line 4 CEO PARTICIPATES IN A NON-QUALIFIED 457(B) DEFERRED COMPENSATION PLAN. TOTAL CONTRIBUTIONS TO THE PLAN FOR 2022 WERE $19,500 Form 990, Part VI, Section A, Line 6 ALL CUSTOMERS ARE ALSO MEMBERS OF THE REMC. Form 990, Part VI, Section A, Line 7a DIRECTORS ARE ELECTED ANNUALLY BY THE MEMBERS OF THE COOPERATIVE. Form 990, Part VI, Section A, Line 7b DECISIONS SUBJECT TO APPROVAL BY MEMBERS ARE REPORTED AND VOTED UPON AS NEEDED. SUCH DECISIONS INCLUDE CHANGES TO THE ORGANIZATIONAL DOCUMENTS AND OTHER LEGAL MATTERS. Form 990, Part VI, Section B, Line 11b THE CEO REVIEWS THE FORM 990 WITH THE BOARD OF DIRECTORS AT THE MONTHLY BOARD MEETING PRIOR TO FILING THE RETURN. Form 990, Part VI, Section B, Line 12c EACH OFFICER/DIRECTOR SIGNS THE CONFLICT OF INTEREST POLICY ANNUALLY AND DISCLOSES ANY POTENTIAL CONFLICTS. THESE ARE ADDRESSED BY THE BOARD AT MONTHLY MEETINGS, IF DEEMED MATERIAL IN NATURE. Form 990, Part VI, Section B, Line 15 CEO COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE OF THE EXECUTIVE BOARD. THE COMPENSATION COMMITTEE REFERS TO STATE COMPENSATION SURVEYS OF REMCS. WRITTEN EMPLOYMENT CONTRACT AGREEMENT IS COMPLETED FOR THE CEO. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. NOBLE TECHNOLOGIES INC PO BOX 137 ALBION IN 46701 352130245 INACTIVE IN N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0