2025-07-17T15:34:47-05:00 2024-12-31 351515068 MONROE SHINE & CO INC CPA'S PO BOX 1407 NEW ALBANY IN 471511407 990 2024-01-01 350418308 JACKSON COUNTY RURAL ELECTRIC MEMBERSHIP JACK 8123584458 PO BOX K BROWNSTOWN IN 47220 MARK A MCKINNEY CEO & PRESIDENT 8123584458 2025-07-11 1 1 CHRISTOPHER M HAWKINS CPA P01291231 8129452311 2024 2025-03-06 01:10:19Z MARK A MCKINNEY PO BOX K BROWNSTOWN IN 47220 80510539 0 X WWW.JACKSONREMC.COM X 1937 IN DISTRIBUTION OF ELECTRICITY, FIBER-OPTIC BROADBAND, AND VOIP TELEPHONE SERVICE ON A COOPERATIVE BASIS. 9 9 83 0 49311 0 364676 369073 78600187 77781728 176173 515196 2023928 1810904 81164964 80476901 43464 30400 10397552 8743068 7940317 7075681 0 0 0 62783631 64627752 81164964 80476901 0 0 210913040 217295605 97155738 98803677 113757302 118491928 THE MISSION OF JACKSON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION IS TO DELIVER THE ADVANTAGES OF ELECTRICITY AND ESSENTIAL SERVICES TO ITS MEMBERS RELIABLY, ECONOMICALLY, AND RESPONSIBLY. 0 0 DISTRIBUTION OF ELECTRICITY, FIBER-OPTIC BROADBAND, AND VOIP TELEPHONE SERVICE TO APPROXIMATELY 20,900 MEMBERS ON A COOPERATIVE BASIS. 0 1 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 1 83 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 77710895 1535570 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X MARK A MCKINNEY 8123584458 PO BOX K BROWNSTOWN IN 47220 WALTER HUNTER PRESIDENT 5.00 X 21912 0 0 JOHN MILLER VICE PRESIDENT 2.70 X 18412 0 0 PAUL ELLIOTT SECRETARY 3.25 X 18062 0 0 RYAN ELEENOR DIRECTOR 4.70 X 9893 0 0 JOHN HACKMAN DIRECTOR 3.90 X 18143 0 0 DAVID HALL DIRECTOR 4.20 X 18562 0 0 JOHN TRINKLE DIRECTOR 3.10 X 18462 0 0 MARK TRISLER DIRECTOR 2.00 X 14685 0 0 CURTIS WISCHMEIER DIRECTOR 2.50 X 17562 0 0 MARK MCKINNEY CEO 50.00 X 377481 0 43054 BRAD PRITCHETT VP OF OPERATIONS & ENGINEERING 40.00 X 177738 0 22526 NANCY STIDHAM VP OF COOPERATIVE SERVICES 50.00 X 167284 0 22217 BENJAMIN CONNER VP OF INFORMATION TECHNOLOGY 60.00 X 156193 0 20186 BRIAN COVERT LINE SUPERINTENDENT 45.00 X 150470 0 21069 DONALD GRAY LINEMAN 48.00 X 143442 0 5066 JERRY KELLEY RETIRED DIRECTOR 2.20 X 10970 0 0 1339271 0 134118 29 1 1 0 TONY D PETERS 3707 S ST RD 39 BROWNSTOWN IN 47220 FIBER & ELECTRIC CONSTRUCTION 1690352 DELTA SERVICES LLC 4676 JENNING LANE LOUISVILLE KY 40218 ELECTRIC CONSTRUCTION 1481573 H&L TREE TRIMMING INC PO BOX 982 NORTH VERNON IN 47265 TREE TRIMMING SERVICE 983718 SCHWABISCH LLC PO BOX 22 NORMAN IN 47264 TREE TRIMMING SERVICE 737781 TOWNSEND TREE SERVICE COMPANY LLC PO BOX 7015 MUNCIE IN 47308 TREE TRIMMING SERVICE 545092 9 369073 369073 ELECTRIC REVENUE 221000 77732417 77732417 RESALE REVENUE 221000 49311 49311 77781728 515196 515196 1500 425615 0 0 1500 425615 427115 427115 43785 33638 10147 10147 PATRONAGE ALLOCATIONS 221000 1373642 1373642 1373642 80476901 79631402 49311 427115 30400 8743068 587197 5808832 264254 415398 1994209 10212587 COST OF POWER 43338775 DISTRIBUTIONS - MAINT 3490885 DISTRIBUTION - OPERATIO 2563976 CONSUMER ACCOUNTS 1873476 1153844 80476901 1513190 2002753 3592110 9857512 0 0 6979137 6720684 3699847 3593014 283012 268837 228749314 60611179 168992436 168138135 25853308 26714670 210913040 217295605 13828661 8948265 3628966 5577982 69866898 73565395 9831213 10712035 97155738 98803677 X 0 0 617971 620310 113139331 117871618 113757302 118491928 210913040 217295605 X 0 4734626 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20000 20000 8367127 2467120 5900007 9710038 8635225 1074813 210652149 49508834 161143315 168138135 PATRONAGE CAPITAL - ASSOC. ORGANIZATIONS 26714670 C 26714670 ACCUMULATED POST RETIREMENT BENEFITD 4022664 CUSTOMER DEPOSITS 1060039 DEFERRED CREDITS 5629332 10712035 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THE FINANCIAL STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE COOPERATIVE HAS ADOPTED FASB ASC 740-10 AS IT RELATES TO UNCERTAIN TAX POSITIONS. THE COOPERATIVE IS NOT CURRENTLY BEING EXAMINED BY TAXING JURISDICTIONS AND MANAGEMENT BELIEVES ITS TAX-EXEMPT STATUS WOULD BE UPHELD UNDER EXAMINATION. NO PROVISION FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED AT DECEMBER 31, 2024. 1 HEATING ASSISTANCE TO LOW-INCOME CUSTOMERS 250 25000 CREDIT ON ELECTRIC ACCOUNT YOUTH SCHOOL SCHOLARSHIPS 3 3000 YOUTH TOUR 1 2100 CAMP KILOWATT 1 300 PART I, LINE 2: THE UTILITY'S "SHARE A WATT" PROGRAM PROVIDES A ONE-TIME $100 ASSISTANCE TO ELIGIBLE LOW-INCOME CUSTOMERS. IN 2024, 250 CUSTOMERS WERE EACH GIVEN A $100 BILL CREDIT TO THEIR ELECTRIC ACCOUNT. THREE YOUTHS WERE SELECTED FOR A ONE-TIME $1000 CHECK TO USE AS A SCHOLARSHIP TO THE SCHOOL OF CHOICE. A ONE-TIME $2100 CHECK FOR ONE YOUTH TO ATTEND THE 2024 YOUTH TOUR. A ONE-TIME $300 CHECK FOR TWO YOUTHS TO ATTEND THE 2024 CAMP KILOWATT. X X X X X 0 0 0 MARK MCKINNEY CEO 377481 0 0 0 0 0 0 0 43054 0 420535 0 0 0 BRAD PRITCHETT VP OF OPERATIONS & ENGINEERING 177738 0 0 0 0 0 0 0 22526 0 200264 0 0 0 NANCY STIDHAM VP OF COOPERATIVE SERVICES 167284 0 0 0 0 0 0 0 22217 0 189501 0 0 0 BENJAMIN CONNER VP OF INFORMATION TECHNOLOGY 156193 0 0 0 0 0 0 0 20186 0 176379 0 0 0 BRIAN COVERT LINE SUPERINTENDENT 150470 0 0 0 0 0 0 0 21069 0 171539 0 0 0 JERRY KELLEY RETIRED DIRECTOR 0 0 0 0 10970 0 0 0 0 0 10970 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 JACKSON COUNTY REMC IS A COOPERATIVE OWNED BY APPROXIMATELY 20,900 MEMBERS WHO HAVE POWER TO ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBERSHIP IS ENTITLED TO VOTE FOR THE BOARD OF DIRECTORS AT ITS ANNUAL MEETING FORM 990, PART VI, SECTION A, LINE 7B GOVERNANCE DECISIONS ARE SUBJECT TO APPROVAL BY THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE CEO/PRESIDENT AND THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 INTANDEM, LLC DOES A COMPENSATION ANALYSIS FOR ALL POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, AUDITED FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET RETIREMENT OF PATRONAGE CAPITAL TO MEMBERS -4,282,755. INCREASE IN MEMBERSHIPS 2,339. CHANGE IN OTHER COMPREHENSIVE INCOME 271,974. 2024 MARGINS ALLOCATED TO MEMBERS 8,743,068. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR