2024-11-15T12:42:57-06:00 2023-12-31 351515068 MONROE SHINE & CO INC CPA'S PO BOX 1407 NEW ALBANY IN 471511407 990 2023-01-01 350561545 ORANGE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION ORAN 8128652229 PO BOX 208 ORLEANS IN 47452 MATTHEW DEATON GENERAL MANAGER/CEO 8128652229 2024-11-05 1 1 CHRISTOPHER M HAWKINS CPA P01291231 8129452311 2023 2024-10-15 13:58:12Z SAME AS ABOVE MATTHEW DEATON PO BOX 208 ORLEANS IN 47452 25938058 0 X WWW.MYREMC.COOP X 1937 IN DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 6,300 MEMBERS ON A COOPERATIVE BASIS. 7 7 64 0 8501768 0 0 0 16501553 25172111 14775 14775 2959220 751172 19475548 25938058 0 0 453668 1222198 1936603 3649288 0 0 0 17085277 21058047 19475548 25929533 0 8525 93979772 108724769 73034445 86728231 20945327 21996538 TO PROVIDE RELIABLE ELECTRICITY AND SERVICES TO OUR CUSTOMERS. 0 0 DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 6,300 MEMBERS ON A COOPERATIVE BASIS. 0 0 0 0 0 0 0 0 0 1 0 1 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 1 0 0 0 1 22 0 1 64 1 1 1 0 0 0 0 0 0 0 0 0 0 0 20361907 3579140 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X MISTY TINCHER 8128652229 7133 N STATE RD 337 ORLEANS IN 47452 RANDY ROBERTS PRESIDENT 1.37 X 15889 0 0 BRIAN HAWKINS VICE PRESIDENT 4.03 X 19886 0 0 DANIEL HOUCHIN SECRETARY/TREASURER 1.71 X 17389 0 0 RODNEY HAGER DIRECTOR 2.80 X 13846 0 0 GEORGE KEY DIRECTOR 2.68 X 18889 0 0 BEN LINDSEY DIRECTOR 1.47 X 16639 0 0 DANNY EASTERDAY DIRECTOR 1.13 X 15514 0 0 MATTHEW DEATON GENERAL MANAGER/CEO 50.00 X 220099 0 47615 LOGAN LASWELL JOURNEYMAN LINEMAN 47.00 X 114227 0 19643 AMOS MURPHY JOURNEYMAN LINEMAN 47.00 X 117939 0 30218 WILLIAM CHASTAIN OPERATIONS MANAGER 50.00 X 112257 0 38664 SCOTT STRANGE LEAD LINEMAN 45.00 X 112651 0 25901 MICHAEL DUKE JOURNEYMAN LINEMAN 46.00 X 112243 0 38270 907468 0 200311 11 0 1 0 PRO TREE CARE 356 S COUNTY RD 250E PAOLI IN 47454 TREE TRIMMING 902058 1 ELECTRIC REVENUE 221000 16670343 16670343 FIBER REVENUE 221000 8501768 8501768 25172111 14775 14775 73735 0 73735 73735 73735 PATRONAGE CAPITAL 221000 604008 604008 MERCHANDISING REVENUE 221000 73429 73429 677437 25938058 17347780 8501768 88510 1222198 1107779 1583966 732450 225093 3183767 2834698 COST OF POWER 11087000 DISTRIBUTION - MAINTENA 1400408 ADMINISTRATIVE AND GENE 1160457 DISTRIBUTION - OPERATIO 987059 404658 25929533 1094557 899350 1948551 2183384 398899 391972 169561 187213 116383416 18678707 53839235 97704709 7143468 7358141 29385501 0 93979772 108724769 3608682 5130328 69043366 80779158 382397 818745 73034445 86728231 X 0 0 177504 178854 20767823 21817684 20945327 21996538 93979772 108724769 X 8525 163544 879142 X X 0 1 X 1 0 2032 2032 3604883 953350 2651533 33304364 5409352 27895012 79472137 12316005 67156132 97704709 PATRONAGE CAPITAL IN ASSOCIATED ORGANIZATIONS 7358141 C 7358141 CONSUMER DEPOSITS 185012 ACCUMULATED PROVISION FOR MEDICAL LEAVE 286420 DEFERRED REVENUE 347313 818745 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. X X 0 0 0 MATTHEW DEATON GENERAL MANAGER/CEO 220099 0 0 0 0 0 0 0 47615 0 267714 0 0 0 WILLIAM CHASTAIN OPERATIONS MANAGER 112257 0 0 0 0 0 0 0 38664 0 150921 0 0 0 MICHAEL DUKE JOURNEYMAN LINEMAN 112243 0 0 0 0 0 0 0 38270 0 150513 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ORANGE COUNTY REMC IS A COOPERATIVE OWNED BY APPROXIMATELY 6,300 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 FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANY EMPLOYEE OR DIRECTOR MUST REPORT SUSPICIOUS ACTIVITY TO LEGAL COUNSEL, WHO WILL THEN CONTACT THE GOVERNING BOARD TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. PERIODIC REVIEWS ARE ALSO CONDUCTED WITH THE EMPLOYEES AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS BASED ON COMPARABILITY DATA PREPARED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION. THE COMPENSATION IS THEN APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. 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 INCREASE IN MEMBERSHIPS 1,350. 2023 MARGINS ALLOCATED TO MEMBERS 1,222,198. PATRONAGE CAPITAL RETIRED -344,406. FORM 990, PART XII, LINE 2C: NO CHANGE FROM THE PRIOR YEAR ORANGE COUNTY FIBER LLC PO BOX 208 ORLEANS IN 47452 830578945 INTERNET SERVICE IN 8501768 40372672 ORANGE COUNTY REMC