2025-09-25T16:32:59-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2024-01-01 350756490 NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION NORT 8884136111 4901 EAST PARK 30 DRIVE COLUMBIA CITY IN 46725 ERIC JUNG PRESIDENT & CEO 8884136111 2025-09-25 1 1 EMINA O CRESSWELL P01217304 5097472600 2025-09-25 2024 2025-03-06 01:10:19Z ERIC JUNG 4901 EAST PARK 30 DRIVE COLUMBIA CITY IN 46725 132195611 0 X WWW.NREMC.COM X 1936 IN ELECTRIC DISTRIBUTION COOPERATIVE DELIVERING ELECTRICITY IN PARTS OF SIX INDIANA COUNTIES;WHITLEY, ALLEN, HUNTINGTON, WABASH, NOBLE AND KOSCIUSKO. 8 8 88 0 0 0 0 0 121664832 131695909 155792 95981 537261 390549 122357885 132182439 0 0 0 4363104 6099572 2244164 0 0 0 111962146 125558432 118061718 132165700 4296167 16739 181557259 197488212 114571365 127270746 66985894 70217466 X NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION (NREMC) IS INDIANA'S THIRD LARGEST MEMBER-OWNED ELECTRIC DISTRIBUTION COOPERATIVE SUPPLYING ELECTRIC POWER TO MORE THAN 34,000 MEMBERS IN PORTIONS OF ALLEN, HUNTINGTON, KOSCIUSKO, NOBLE, WABASH, AND WHITLEY COUNTIES IN NORTHEASTERN INDIANA. NREMC IS COMMITTED TO ENSURING SUSTAINABLE, COST-EFFECTIVE, AND RELIABLE ENERGY SUPPLY TO ITS MEMBERS ACROSS NORTHEASTERN INDIANA. NREMC IS AN ATYPICAL COOPERATIVE THAT HAS STRATEGICALLY POSITIONED ITSELF TO LEVERAGE ITS FLEXIBILITY THROUGH THE IMPLEMENTATION OF BEHIND THE METER (BTM) RESOURCES. NREMC, AS AN INNOVATIVE DISTRIBUTION SYSTEM OPERATOR (DSO), UTILIZES ITS FLEXIBILITY TO BETTER CONTROL ITS COSTS. NREMC IS A LOAD SERVING ENTITY (LSE) IN PJM. 0 0 DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION (NREMC) IS INDIANA'S THIRD LARGEST MEMBER-OWNED ELECTRIC DISTRIBUTION COOPERATIVE SUPPLYING ELECTRIC POWER TO MORE THAN 34,000 MEMBERS IN PORTIONS OF ALLEN, HUNTINGTON, KOSCIUSKO, NOBLE, WABASH, AND WHITLEY COUNTIES IN NORTHEASTERN INDIANA. NREMC IS COMMITTED TO ENSURING SUSTAINABLE, COST-EFFECTIVE, AND RELIABLE ENERGY SUPPLY TO ITS MEMBERS ACROSS NORTHEASTERN INDIANA. NREMC IS AN ATYPICAL COOPERATIVE THAT HAS STRATEGICALLY POSITIONED ITSELF TO LEVERAGE ITS FLEXIBILITY THROUGH THE IMPLEMENTATION OF BEHIND THE METER (BTM) RESOURCES. NREMC, AS AN INNOVATIVE DISTRIBUTION SYSTEM OPERATOR (DSO), UTILIZES ITS FLEXIBILITY TO BETTER CONTROL ITS COSTS. NREMC IS A LOAD SERVING ENTITY (LSE) IN PJM. 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 1 0 1 44 0 1 88 1 0 0 0 0 0 131641838 681176 0 0 0 X 8 8 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 1 1 1 X AUDRA UHER 8884136111 4901 EAST PARK 30 DR COLUMBIA CITY IN 46725 DOUGLAS SCHRADER CHAIRPERSON 2.30 0.10 X X 17050 200 0 ROBERT HIGGINS SECRETARY 3.90 0.00 X X 16750 0 0 CARI JUILLERAT BOARD MEMBER 1.50 0.00 X 5500 0 0 WESLEY WOLFE BOARD MEMBER 1.80 0.00 X 5500 0 0 GARY GORRELL TEASURER 2.10 0.00 X X 17050 0 0 CATHY EGOLF BOARD MEMBER 2.50 0.10 X 21000 200 0 ERIK LINNEMEIER BOARD MEMBER 2.30 0.00 X 16400 0 0 JEREMY MCCLISH VICE CHAIRPERSON 3.70 0.00 X X 20450 0 0 INGRID NICHOLSON BOARD MEMBER (THRU 09/24) 3.10 0.00 X 16900 0 0 THOMAS WESTERN BOARD MEMBER (THRU 09/24) 1.60 0.00 X 10400 0 0 JOE KRUYER BOARD MEMBER (THRU 08/24) 3.40 0.00 X 15650 0 0 ERIC JUNG PRESIDENT AND CEO 55.00 0.25 X 385286 0 136598 JAMES EITSERT VP DISTRIBUTION SERVICES 48.00 0.25 X 197454 0 90538 AUDRA UHER CFO 48.00 0.75 X 179355 0 62872 SCOTT SNYDER DIRECTOR OF OPERATIONS 45.00 0.00 X 151311 0 78810 TERESA MERRYMAN HR DIRECTOR 45.00 0.00 X 148855 0 60481 NATHAN BUCKLES JOURNEYMAN LINEMAN 45.00 0.00 X 149304 0 51973 WAYNE OBRIEN VP, IT & CYBER SECURITY 48.00 0.00 X 147643 0 52475 TODD MYERS JOURNEYMAN LINEMAN 47.00 0.00 X 144802 0 45089 1666660 400 578836 37 0 1 0 STELLA ENERGY SOLUTIONS LLC 9595 SIX PINES DR SUITE 8210 THE WOODLANDS TX 77380 SOLAR PROJECTS 9286765 FLEXGEN POWER SYSTEMS INC 280 S MANGUM STREET SUITE 150 DURHAM NC 27701 BATTERY PROJECTS 1884232 AMPP CONSTRUCTION 810 W WASHINGTON ST WINCHESTER IN 47394 SYSTEM IMPROVEMENTS 746810 MINT CITY SERVICES LLC PO BOX 210 BREMEN IN 46506 TREE TRIMMING/ROW CLEARING 742816 PREMIER POWER MAINTENANCE 4035 CHAMPIONSHIP DR INDIANAPOLIS IN 46268 SUBSTATION MAINTENANCE/TESTING 336173 12 ELECTRIC ENERGY SALES 221000 131609438 131609438 POLE RENTAL INCOME 221000 82756 82756 SOLAR REVENUE 221000 3715 3715 131695909 39644 39644 68593 0 68593 68593 68593 69509 13172 56337 56337 56337 PATRONAGE ALLOCATIONS 221000 290817 290817 SUBSIDIARY REVENUE 900099 16739 16739 PROPANE REVENUE 900099 12163 12163 2237 2237 321956 132182439 131935109 0 247330 4363104 1214753 741914 146361 141136 51941 4221415 7696101 61944 POWER COSTS 100985548 DISTRIBUTION OPERATIONS 4012182 DISTRIBUTION MAINTENANC 3478031 ADMIN AND GENERAL 2524145 2527125 132165700 640634 630419 12137036 16717853 3722076 2860026 2998845 2611803 249649718 89709523 147422056 159940195 13590432 13688947 1046180 1038969 181557259 197488212 21599724 15062880 86502777 105990312 6468864 6217554 114571365 127270746 X 0 0 0 0 66985894 70217466 66985894 70217466 181557259 197488212 X 16739 3214833 X 0 1 X 1 0 6000 0 6000 6000 1 INDIANA ELECTRIC COOPERATIVE STATE PAC 11805 PENNSYLVANIA ST CARMEL IN 46032 351998089 3000 FRIENDS OF DAVE HALL 11454 W US HWY 50 NORMAN IN 46264 233049331 500 ERIC KOCH FOR STATE SENATE PO BOX 372 BEDFORD IN 47421 134205262 1000 FRIENDS OF ED SOLIDAY COMMITTEE PO BOX 1427 VALPARAISO IN 46384 1000 FRIENDS OF JIM PRESSEL 1772 N LOFGREN RD ROLLING PRAIRIE IN 46371 500 PART I-A, LINE 1: CORPORATE CONTRIBUTIONS TO POLITICAL CANDIDATE CAMPAIGNS. 4411871 4411871 7642355 2875987 4766368 237595492 86833536 150761956 159940195 CLOSELY HELD EQUITY INTERESTS 197985 C PATRONAGE CAPITAL- WVPA, CFC 12800028 C FEDERATED INSURANCE 308502 C HEARTLAND EMERGENCY EQUIPMENT 276781 C I.E.C. PATRONAGE CAPITAL 63890 C NRUCFC- MEMBER CAPITAL SECURITIES 25000 C COOPERATIVE RESPONSE CENTER 14606 C MEMBERSHIPS 2155 C 13688947 CONTRIBUTIONS IN AID OF CONSTRUCTION 648925 CONSUMER DEPOSITS 5568629 6217554 X 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. X X X X 0 0 0 ERIC JUNG PRESIDENT AND CEO 385286 0 0 0 0 0 101812 0 34786 0 521884 0 0 0 JAMES EITSERT VP DISTRIBUTION SERVICES 197454 0 0 0 0 0 72187 0 18351 0 287992 0 0 0 AUDRA UHER CFO 179355 0 0 0 0 0 30941 0 31931 0 242227 0 0 0 SCOTT SNYDER DIRECTOR OF OPERATIONS 151311 0 0 0 0 0 53707 0 25103 0 230121 0 0 0 TERESA MERRYMAN HR DIRECTOR 148855 0 0 0 0 0 28651 0 31830 0 209336 0 0 0 NATHAN BUCKLES JOURNEYMAN LINEMAN 149304 0 0 0 0 0 26514 0 25459 0 201277 0 0 0 WAYNE OBRIEN VP, IT & CYBER SECURITY 147643 0 0 0 0 0 24349 0 28126 0 200118 0 0 0 TODD MYERS JOURNEYMAN LINEMAN 144802 0 0 0 0 0 14471 0 30618 0 189891 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DOUGLAS SCHRADER, DIRECTOR AND THOMAS WESTERN, DIRECTOR HAVE BUSINESS RELATIONSHIPS THROUGH A FARMING BUSINESS. FORM 990, PART VI, SECTION A, LINE 6 ALL ENTITIES PURCHASING POWER FROM THE REMC ARE MEMBERS OF THE MEMBERSHIP CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBERS AT THE ANNUAL MEETING OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS APPROVE OR DISAPPROVE OF THE BOARD OF DIRECTORS ACTIONS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 15 15A: A CEO COMPENSATION COMMITTEE MADE UP ENTIRELY OF BOARD OF DIRECTORS MEMBERS MEETS TO EVALUATE AND DETERMINE THE APPROPRIATE SALARY LEVEL OF THE CEO INCLUDING THE USE OF COMPARABLE DATA. 15B: THE ORGANIZATION REVIEWS COMPENSATION AND COMPARABILITY DATA TO ESTABLISH ALL SALARIES. THE LAST CEO COMPENSATION COMMITTEE MEETING WAS HELD IN OCTOBER OF 2024. THE CEO COMPENSATION COMMITTEE MEETS ANNUALLY AT THE END OF THE YEAR TO REVIEW THE CEO COMPENSATION. AN INDEPENDENT CONSULTANT ALSO REVIEWS THE ORGANIZATION'S WAGE AND SALARY PLAN ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE BYLAWS OF THE COOPERATIVE, 2 YEARS OF ANNUAL REPORTS AND THE LISTING OF THE BOARD OF DIRECTORS AND CONTRACT INFORMATION IS MAINTAINED ON THE COOPERATIVE'S WEBSITE. FORM 990 IS MAINTAINED IN HOUSE AND IS AVAILABLE FOR INSPECTION OR COPYING DURING BUSINESS HOURS. FORM 990, PART XI, LINE 9: AMOUNT OF BENEFITS PAID TO MEMBERS PER 990 INSTRUCTIONS, INTERPRETED TO EQUAL NET MARGINS AS THAT IS THE EQUIVALENT OF THE BENEFITS MEMBERS RECEIVED IN THE CURRENT YEAR 4,363,104. RETIREMENT OF CAPITAL CREDITS, NET -1,141,192. MEMBERSHIP ADDITIONS 9,660. SUBSIDIARY INCOME -16,739. CUSTOMER CHOICE SERVIES CORP 4901 EAST PARK 30 DR COLUMBIA CITY IN 46725 351990896 R.E. DEVELOPMENT IN NORTHEASTERN RURAL ELECTRIC MEMBERSHIP CORPORATION C 60827 400814 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 CUSTOMER CHOICE SERVICES CORPORATION A 100 BILLED