2025-05-14T12:44:47-07:00 2024-12-31 990 2024-01-01 350549925 NOBLE COUNTY RURAL ELECTRIC MEMBERSHIP CORP NOBL 2606362113 PO BOX 137 ALBION IN 46701 BRADLEY MCCREA President & CEO 2606362113 2025-05-14 1 2024 2025-03-06 01:10:19Z BRADLEY MCCREA 300 WEBER ROAD ALBION IN 46701 27226057 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 25449306 26076402 125519 108363 1022606 1041059 26597431 27225824 0 0 514740 424707 3485250 3579018 0 0 0 22024591 22111725 26024581 26115450 572850 1110374 43334145 44850203 15928660 16292667 27405485 28557536 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 22 0 1 36 1 0 0 0 0 0 26076402 1149422 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 253499 0 106640 DOUGLAS DICKMEYER MANAGER OF OPERATIONS 50 0 X 159229 0 64333 SARAH DREIBELBIS MANAGER OF IT, BILLING & MEMBER RELATIONS 45 0 X 114714 0 75247 DOUGLAS EGGL LINEMAN 46 0 X 126666 0 53691 ADAM CHITWOOD MANAGER OF FINANCE/ACCOUNTING 45 0 X 133342 0 39221 KEVIN DRIEBELBIS COMMUNICATIONS & MARKETING MANAGER 45 0 X 106985 0 60391 ROB HAUCK LINE FOREMAN 45 0 X 109252 0 54340 DOUG BURNWORTH VICE CHAIRMAN 8.5 0.0 X X 13055 0 0 WILLIAM KNOX TREASURER 4.7 0 X X 11170 0 0 RICHARD ROBERTSON CHAIRMAN 4.1 0 X X 10955 0 0 JOE HUTSELL DIRECTOR 4.2 0 X 10845 0 0 JAY WYSONG DIRECTOR 3.6 0 X 10640 0 0 GEORGE BENNETT DIRECTOR 4.6 0 X 10325 0 0 LARRY OTT DIRECTOR 4.1 0 X 10280 0 0 ANDREW STRACK SECRETARY 2.9 0 X X 9910 0 0 MARK DEMSKE DIRECTOR 4.9 0 X 8600 0 0 1099467 0 453863 12 0 1 0 0 0 ELECTRIC UTILITY INCOME 221000 26076402 26076402 0 0 0 0 0 0 26076402 107096 0 0 107096 0 0 0 0 0 0 0 0 0 0 0 1500 0 233 0 1267 1267 1267 0 0 CAPITAL CREDIT INCOME 221000 1047440 0 0 1047440 MISCELLANEOUS INCOME (LOSS) 900099 -6381 0 0 -6381 0 0 0 0 1041059 27225824 26077669 0 1148155 424707 508508 2000230 428015 467949 174316 10578 15750 2000 12959 86337 317482 149757 118860 16866 524924 1771641 53931 COST OF POWER 17406212 OPERATION & MAINT DISTRIBUTION 822080 ADMIN/CUSTOMER SERVICE/CUSTOMER ACCT 610503 PROPERTY TAXES 191845 26115450 0 0 0 954160 1081507 2694520 2615684 502638 493615 636853 388958 55112505 26780606 27588412 28331899 10953100 11934078 4462 4462 43334145 44850203 1656987 1757832 11779333 11961356 2492340 2573479 15928660 16292667 X 0 0 2609108 2939206 24796377 25618330 27405485 28557536 43334145 44850203 1110374 41677 0 0 0 0 X 0 1 X 1 0 2000 0 0 0 0 1 IEC STATE PAC 11805 PENNSYLVANIA STREET CARMEL IN 46032 351998089 2000 0 Schedule C, Part I-A, Line 1 CONTRIBUTIONS TO POLITICAL ACTION COMMITTEES 0 182877 182877 0 3365951 1579169 1786782 0 0 0 0 0 51563677 25201437 26362240 0 0 0 0 28331899 0 0 INVESTMENT IN ASSOCIATED ORGANIZATIONS 11358700 C DEFERRED COMP 457(B) PLAN 575378 F 11934078 0 POST RETIREMENT BENEFITS 635939 DEFFERED COMP 575378 ACCRUED TAXES 373988 CONSUMER DEPOSITS 203680 PATRONAGE CAPITAL PAYABLE 403075 ACCRUED VACATION/PAYROLL 289246 ACCRUED INTEREST/EXPENSES 80100 EMPLOYEE WITHHOLDINGS 12073 2573479 X 27267501 41677 0 0 0 41677 27225824 0 0 0 27225824 25690743 0 0 0 0 0 25690743 0 424707 424707 26115450 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, 2024. THE ADOPTION OF FASB ASC 740-10-25 DID NOT IMPACT THE CORPORATION'S FINANCIAL POSITION OR RESULTS 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, 2024, THE CORPORATION HAD 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 2021. 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 222309 0 20098 0 11092 0 72949 0 33691 0 360139 0 0 0 DOUGLAS DICKMEYER MANAGER OF OPERATIONS 149195 0 8276 0 1758 0 34694 0 29639 0 223562 0 0 0 SARAH DREIBELBIS MANAGER OF IT, BILLING & MEMBER RELATIONS 105960 0 6420 0 2334 0 43086 0 32161 0 189961 0 0 0 DOUGLAS EGGL LINEMAN 123716 0 1690 0 1259 0 27225 0 26467 0 180357 0 0 0 ADAM CHITWOOD MANAGER OF FINANCE/ACCOUNTING 126160 0 6607 0 575 0 12141 0 27080 0 172563 0 0 0 KEVIN DRIEBELBIS COMMUNICATIONS & MARKETING MANAGER 99625 0 5950 0 1410 0 29317 0 31074 0 167376 0 0 0 ROB HAUCK LINE FOREMAN 107038 0 1560 0 654 0 24947 0 29393 0 163592 0 0 0 Schedule J, Part I, Line 1a CEO EMPLOYMENT AGREEMENT HAS AN EXPENSE REIMBURSEMENT THAT "AGREES TO PAY REASONABLE 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 2024 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 BY 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NOBLE TECHNOLOGIES INC a-i 412 FAIR MARKET VALUE OF INTEREST EARNED ON BANK ACCOUNT.