2024-11-05T13:28:38-06:00 2023-12-31 351515068 MONROE SHINE & CO INC CPA'S PO BOX 1407 NEW ALBANY IN 471511407 990 2023-01-01 350324995 FULTON COUNTY REMC FULT 5742233156 1448 W STATE RD 14 ROCHESTER IN 469757919 KELLEY KITCHEN CFO 5742233156 2024-10-31 1 1 CHRISTOPHER M HAWKINS CPA P01291231 8129452311 2023 2024-10-15 13:58:12Z KELLEY KITCHEN 1448 W SR 14 ROCHESTER IN 46975 17595532 0 X WWW.FULTONCOUNTYREMC.COM X 1936 IN DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 6,150 MEMBERS ON A COOPERATIVE BASIS 7 7 22 0 42434 0 0 0 16824181 17246588 36039 82865 627946 266079 17488166 17595532 0 0 1467540 1298163 1828210 1707322 0 0 0 14192416 14590047 17488166 17595532 0 0 29979808 31131519 11019840 11497268 18959968 19634251 THE MISSION OF FULTON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION IS TO PROVIDE ELECTRICITY FOR ITS MEMBERS AT A REASONABLE COST. 0 0 DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 6,300 METERS AND 4,700 MEMBERS ON A COOPERATIVE BASIS 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 22 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 17246588 125299 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X KELLEY KITCHEN 5742233156 1448 W SR 14 ROCHESTER IN 46975 DENNIS BURTON PRESIDENT 2.00 X X 9673 0 0 ANGELA MILLER VICE PRESIDENT 2.00 X X 9623 0 0 LEANDER HOOVER SECRETARY/TREASURER 2.00 X X 10601 0 0 ADAM LOEHMER DIRECTOR 2.00 X 7897 0 0 ERIC WALSH DIRECTOR 2.00 X 7293 0 0 BROCK SCHWENK DIRECTOR 2.00 X 9047 0 0 STEPHANIE MCCULLEY DIRECTOR 2.00 X 7722 0 0 ANDREW HORSTMAN CEO 50.00 X 161466 0 50443 FRED MCGLOTHIN SUPERINTENDENT 40.00 X 121012 0 39135 DARRELL HOPKINS JOURNEYMAN LINEMAN 40.00 X 119413 0 28935 DUSTIN STINSON JOURNEYMAN LINEMAN 40.00 X 111041 0 44332 EVAN WILDERMUTH JOURNEYMAN LINEMAN 40.00 X 126476 0 33667 BRANDON WORTLEY JOURNEYMAN LINEMAN 40.00 X 115626 0 38416 816890 0 234928 8 0 1 0 ELECTRICOM INC 1660 W HOSPITAL RD PAOLI IN 47454 LINE WORK 649593 TREE SERVANTS 2604 SR 331 BREMEN IN 46506 TREE TRIMMING 231288 2 ELECTRIC REVENUE 221000 17246588 17246588 17246588 82865 82865 PATRONAGE ALLOCATIONS 221000 223283 223283 INTERNET SERVICE 517000 42434 42434 MISCELLANEOUS REVENUE 221000 362 362 266079 17595532 17470233 42434 82865 1298163 1051818 307908 145130 119574 82892 338110 1019883 COST OF POWER 11546274 ADMINISTRATIVE & GENERA 797828 MAINTENANCE EXPENSE 425376 OPERATIONS EXPENSE 246418 216158 17595532 2263308 852324 622050 801307 399696 463982 43392 619713 32556077 9086536 21897524 23469541 4753838 4924652 29979808 31131519 1311577 1259464 9200412 9792549 507851 445255 11019840 11497268 X 155545 156290 0 0 18804423 19477961 18959968 19634251 29979808 31131519 X 0 674283 X X 0 1 X 1 0 1000 1000 1000 1 INDIANA FORE - POLITICAL ACTION 8888 KEYSTONE CROSSING SUITE 1600 INDIANAPOLIS IN 46240 351998087 1000 PART I-A, LINE 1: FULTON COUNTY REMC DONATED TO INDIANA FORE, A POLITICAL ACTION GROUP WORKING IN THE INTEREST OF RURAL UTILITIES. 14039 14039 680904 371296 309608 3302327 2195214 1107113 28558807 6520026 22038781 23469541 PATRONAGE CAPITAL IN WHOLESALE POWER SUPPLIER 4075694 C PATRONAGE CAPITAL IN OTHER VENDORS/COOPERATIVES 848958 C 4924652 CUSTOMER DEPOSITS 167300 ACCRUED PROPERTY TAXES 24000 ACCRUED PAYROLL AND VACATION 210831 OTHER LIABILITIES 43124 445255 X PART X, LINE 2: THE UTILITY 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 UTILITY IS ALSO EXEMPT FROM THE INDIANA UTILITY RECEIPTS TAX UNDER IC 6-2.1-3-33. THE UTILITY HAS ADOPTED ASC TOPIC 740, INCOME TAXES, AS IT RELATES TO UNCERTAIN TAX POSITIONS. THE UTILITY IS NOT CURRENTLY BEING EXAMINED BY ANY TAX JURISDICTIONS AND MANAGEMENT BELIEVES ITS TAX-EXEMPT STATUS WOULD BE UPHELD UNDER EXAMINATION. NO PROVISION FOR UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED AT DECEMBER 31, 2023. 1 X 0 0 0 ANDREW HORSTMAN CEO 161466 0 0 0 0 0 0 0 50443 0 211909 0 0 0 FRED MCGLOTHIN SUPERINTENDENT 121012 0 0 0 0 0 0 0 39135 0 160147 0 0 0 EVAN WILDERMUTH JOURNEYMAN LINEMAN 126476 0 0 0 0 0 0 0 33667 0 160143 0 0 0 DUSTIN STINSON JOURNEYMAN LINEMAN 111041 0 0 0 0 0 0 0 44332 0 155373 0 0 0 BRANDON WORTLEY JOURNEYMAN LINEMAN 115626 0 0 0 0 0 0 0 38416 0 154042 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 FULTON COUNTY REMC IS A COOPERATIVE OWNED BY ITS APPROXIMATE 6,150 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS ARE 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 THE FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS AND CEO BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DISCLOSURE STATEMENTS ARE SIGNED ANNUALLY AND INTERESTED PARTIES DO NOT PARTICIPATE IN THE DECISION MAKING PROCESS FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS REVIEW AND EVALUATE THE CEO'S PERFORMANCE ANNUALLY AND ADJUST COMPENSATION ACCORDINGLY FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FORM 990 AND BY-LAWS ARE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: 2023 MARGINS ALLOCATED TO MEMBERS 1,298,163. RETIREMENT OF PATRONAGE CAPITAL TO MEMBERS -624,625. INCREASE IN MEMBERSHIPS 745. FORM 990, PART XII, LINE 2C: NO CHANGES FROM THE PRIOR YEAR