2024-09-26T14:54:00-04:00 2023-12-31 351679361 LEONARD J ANDORFER & CO LLP 110 W BERRY STREET STE 2202 FORT WAYNE IN 468022311 990 2023-01-01 350420975 JAY COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION JAYC 2607267121 484 S 200 W PORTLAND IN 47371 NEIL DRAPER CEO 2607267121 2024-09-05 true true MARK J ANDORFER CPA P00017582 2604239405 2024-09-05 2023 2024-08-08 14:25:15Z NEIL DRAPER 484 S 200 W PORTLAND IN 47371 23184789 false X WWW.JAYREMC.COM X 1936 IN THE MOST SIGNIFICANT ACTIVITY OF THE ELECTRIC COOPERATIVE IS THE DISTRIBUTION OF ELECTRICITY. 9 9 27 0 0 22463060 22291290 51703 108908 359552 783244 22874315 23183442 0 0 1663693 2132070 0 0 19654505 19415674 21318198 21547744 1556117 1635698 33581529 34770754 4281037 3806383 29300492 30964371 THE MOST SIGNIFICANT ACTIVITY OF THE ELECTRIC COOPERATIVE IS THE DISTRIBUTION OF ELECTRICITY. false false DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS false false true false false false false false false true true false false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 28 0 true 27 true false false false false false 22291290 892152 false false false X 9 9 false false false false true true false true true false false true true true true true true true true false IN X X NEIL DRAPER 2607267121 484 S 200 W PORTLAND IN 47371 STEVE RITCHIE CHAIRMAN 3.93 X X 11993 0 0 PHILIP LAUX DIRECTOR 2.98 X 6637 0 0 RONALD SMITHSON DIRECTOR 3.80 X 2958 0 0 KENNETH D DENTON DIRECTOR 1.70 X 21685 0 0 KLINT MOSER DIRECTOR 2.07 X 21805 0 0 BETHANY EDWARDS DIRECTOR 4.43 X 975 0 0 KENT HOMAN DIRECTOR 2.90 X 21925 0 0 RICK DUES DIRECTOR 4.41 X 22705 0 0 DRU HALL DIRECTOR 3.57 X 21073 0 0 DIANE SCHROCK DIRECTOR 5.33 X 3738 0 0 MICHAEL NINDE DIRECTOR 1.60 X 7939 0 0 NEIL DRAPER CEO 50.00 X 166691 0 6319 JEFFERY MYERS MANAGER OF E 40.00 X 120823 0 30000 PATRICK BYRUM MANAGER OF O 40.00 X 102506 0 0 BECKY NAPERT BUSINESS MAN 40.00 X 101784 0 0 635237 36319 4 false true false OPERATING REVENUE 221000 22291290 22291290 22291290 104255 104255 6000 1347 4653 4653 4653 PATRONAGE CAPITAL 221000 783244 783244 783244 23183442 22295943 887499 316443 1142748 200164 375842 96873 25778 22830 43730 66264 161101 116671 26235 32763 115385 1031892 65641 COST OF POWER 16313463 OPERATIONS 450930 MAINTENANCE 337982 CUSTOMER SERVICE & ACCOUN 259578 345431 21547744 0 0 0 2822668 2026521 2000698 2025340 871868 1001669 414714 509074 37152520 14725093 21417177 22427427 6054404 6780723 33581529 34770754 1582378 1433665 2295603 1940671 403056 432047 4281037 3806383 X 38446 37392 29262046 30926979 29300492 30964371 33581529 34770754 X 1635698 28181 X false true X true false 2000 2000 2000 false INDIANA FORE 8888 KEYSTONE CROSSING STE 1600 INDIANAPOLIS IN 46240 351998087 2000 SCHEDULE C, PART IV CONTRIBUTIONS TO POLITICAL ACTION COMMITTEES 18915 18915 1500674 787211 713463 35230265 13937882 21292383 402666 402666 22427427 WABASH VALLEY POWER 5945137 C CAPITAL TERM CERTIFICATE 343145 C CFC 147975 C FEDERATED INSURANCE 102102 C CO BANK PATRONAGE 80709 C IN STATEWIDE 68712 C UNITED UTILITY SUPPLY 65590 C NISC - PATRONAGE 18786 C OTHER 8567 C 6780723 TAXES ACCRUED 277713 ACCRUED SALARIES 96287 CUSTOMER DEPOSITS 38000 ACCRUED INTEREST 16747 ACCRUED LIABILITIES 3300 432047 X 23183442 23183442 23183442 21547744 21547744 21547744 SCHEDULE D, PAGE 3, PART X 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, 2023. 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, 2023 AND 2022, 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 FEDERAL AND STATE AGENCIES FOR YEARS BEFORE 2020. X X false false false NEIL DRAPER CEO 166691 6319 173010 JEFFERY MYERS MANAGER OF ENGINEERI 120823 30000 150823 FORM 990, PAGE 6, PART VI, LINE 6 ALL ENTITIES PURCHASING POWER FROM JAY COUNTY REMC ARE MEMBERS OF THE MEMBERSHIP CORPORATION. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS ARE ENTITLED TO VOTE FOR THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS THE 990 AND AUDIT REPORT WITH THE BOARD OF DIRECTORS AT A BOARD MEETING. THE FORM IS APPROVED BY THE BOARD PRIOR TO FILING OF THE TAX RETURN. FORM 990, PAGE 6, PART VI, LINE 12C EACH YEAR THE BOARD AND OFFICERS PREPARE A DISCLOSURE STATEMENT FOR REVIEW BY THE CPA FIRM. ALL EXPENDITURES AND CONTRACTS ARE REVIEWED PRIOR TO PAYMENT. THE BOARD CONSTANTLY REVIEWS ALL ORGANIZATIONS AND COMPANIES IN WHICH BOARD MEMBERS AND KEY EMPLOYEES PARTICIPATE. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION REVIEWS COMPENSATION SURVEYS AND STUDIES TO ESTABLISH THE SALARY OF THE CEO. APPROVAL BY THE GOVERNING BODY IS REQUIRED PRIOR TO THE EFFECTIVE DATE OF A CHANGE IN SALARY. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION REVIEWS COMPENSATION SURVEYS AND STUDIES TO ESTABLISH ALL SALARIES. UNION CONTRACTS AND SALARIES REQUIRE BOARD APPROVAL PRIOR TO EFFECTIVE DATES. MOST BENEFITS FOR THE NON-UNION EMPLOYEES MIRROR THE UNION CONTRACT. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICE OF JAY COUNTY REMC DURING NORMAL BUSINESS HOURS. DOCUMENTS ARE ALSO AVAILABLE AT THE ANNUAL MEETING. FORM 990, PART XI, LINE 9 PATRONAGE ACCOUNT INCREASES 29,235 PATRONAGE CAPITAL RETIREMENTS 0 MEMBERSHIPS -1,054 TOTAL 28,181