Cause IQ organization profile

Carroll White Rural Electric Membership

Form 990s | Financials | Vendors | Peers

Carroll White Rural Electric Membership is a public utility based in Monticello, IN that was founded in 2013. As of 2019 they had $45 million in revenue and $72 million in assets.

Our mission is to provide members with superior energy and related services, meaningful contributions.

Previous legal names or variations of their name include: Carroll White Rural Electric Membership Corporation; and Carroll White Remc.

EIN:

45-3593334

City:

Monticello

State:

Indiana

Metro:

Lafayette-West Lafayette, IN

Website:

cwremc.coop

Founded:

2013

Type:

501(c)(12)

NTEE:

W80: Public utilities

Revenue:

$45,493,453

Assets:

$72,447,000

Employees:

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for Carroll White Rural Electric Membership

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Jul 31, 2019	990O	View PDF
2017-12	Aug 8, 2018	990O	View PDF
2016-12	Jun 8, 2017	990O	View PDF
2015-12	Jun 16, 2016	990O	View PDF
2014-12	Jun 3, 2015	990O	View PDF
...and two more Form 990 PDFs

Financials for Carroll White Rural Electric Membership

Field	2015	2014
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$0	$0
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$0	$0

Field	2018	2017	% Change
Total grants, contributions, etc.	$0	$0
Program services	$43,774,977	$41,758,775	4.8%
Investment income and dividends	$82,074	$66,510	23.4%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$117,610	$77,859	51.1%
Net gain from sale of non-inventory assets	$173,386	$-27,716	725.6%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$5,989	$-6	99916.7%
Miscellaneous revenues	$1,339,417	$1,032,981	29.7%
Total revenues	$45,493,453	$42,908,403	6.0%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$3,211,324	$2,107,363	52.4%
Compensation of current officers, etc.	$400,233	$298,006	34.3%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$3,664,334	$2,995,895	22.3%
Pension/retirement accruals and contributions	$555,336	$800,817	-30.7%
Other employee benefits	$989,171	$961,686	2.9%
Payroll taxes	$144,593	$121,738	18.8%
Management fees	$0	$0
Legal fees	$76,733	$70,737	8.5%
Accounting fees	$17,125	$22,125	-22.6%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$74,903	$52,272	43.3%
Advertising and promotion	$0	$0
Office expenses	$83,832	$87,974	-4.7%
Information tech. expenses	$86,588	$76,933	12.5%
Royalty expenses	$0	$0
Occupancy	$0	$0
Travel	$0	$0
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$41,882	$0	999%
Interest	$912,271	$934,112	-2.3%
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$2,527,232	$2,285,057	10.6%
Insurance	$143,133	$151,458	-5.5%
All other expenses	$32,564,763	$31,942,230	1.9%
Total expenses	$45,493,453	$42,908,403	6.0%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$5,802,903	$4,093,109	41.8%
Savings, short-term investments, etc.	$0	$0
Pledges and grants receivable	$0	$0
Accounts receivable	$6,453,457	$6,527,191	-1.1%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$1,972,568	$2,111,516	-6.6%
Inventories for use	$612,897	$614,473	-0.3%
Prepaid expenses and deferred charges	$3,758,093	$4,218,559	-10.9%
Buildings, equipment, etc. post-depreciation	$47,314,607	$46,016,721	2.8%
Investments, publicly traded securities	$0	$0
Investments, other securities	$-5,669,961	$-5,564,470	-1.9%
Investments, program-related	$12,202,436	$11,492,630	6.2%
Intangible assets	$0	$0
Other assets	$0	$0
Total assets	$72,447,000	$69,509,729	4.2%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$3,601,261	$4,637,924	-22.4%
Grants payable	$0	$0
Deferred revenue	$0	$0
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$24,294,977	$22,925,811	6.0%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$443,589	$479,470	-7.5%
Total liabilities	$28,339,827	$28,043,205	1.1%

Field	2018	2017
Unrestricted net assets	$0	$0
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Carroll White Rural Electric Membership

Vendor	Services	Amount paid	Date
WordPress	Content management system software		2019-11-20

Peer public utilities

	Name	Type	Revenue	Location
1	Gibson Electric Membership	501(c)(12)	$100 million	Trenton, TN
2	Midstate Electric Cooperative	501(c)(12)	$32 million	La Pine, OR
3	Southwest Iowa Rec	501(c)(12)	$12 million	Corning, IA
4	Southern Iowa Rural Water Association	501(c)(12)	$12 million	Creston, IA
5	St John's Water Company	501(c)(12)	$12 million	Johns Island, SC
6	Parkland Light and Water Company	501(c)(12)	$13 million	Tacoma, WA
7	Johnson County REMC	501(c)(12)	$62 million	Franklin, IN
8	Decatur County Rural Electric Membership	501(c)(12)	$36 million	Greensburg, IN
9	Jasper County REMC	501(c)(12)	$26 million	Rensselaer, IN
10	Miami-Cass Remc	501(c)(12)	$16 million	Peru, IN
11	Fulton County Rural Electric Membership Corporation	501(c)(12)	$12 million	Rochester, IN
12	Piedmont Electric Membership Corporation	501(c)(12)	$66 million	Hillsborough, NC
13	South Slope Cooperative Communications	501(c)(12)	$33 million	North Liberty, IA
14	Petit Jean Electric Cooperative Corporation	501(c)(12)	$34 million	Clinton, AR
15	Moon Lake Electric Association	501(c)(12)	$22 million	Roosevelt, UT
16	Iowa Regional Utilities Association	501(c)(12)	$14 million	Newton, IA
17	Southeastern Indiana Rural Electric Membership Corporation	501(c)(12)	$25 million	Osgood, IN
18	Pee Dee Electric Membership Corporation	501(c)(12)	$49 million	Wadesboro, NC
19	Big Horn Rural Electric	501(c)(12)	$15 million	Basin, WY
20	Southern Illinois Power Cooperative	501(c)(12)	$206 million	Marion, IL
21	Salt River Electric Cooperative	501(c)(12)	$114 million	Bardstown, KY
22	M and A Electric Power Coop	501(c)(12)	$23 million	Poplar Bluff, MO
23	Tri-State Electric Membership Corporation	501(c)(12)	$37 million	Mccaysville, GA
24	T I P Rural Electric Cooperative	501(c)(12)	$16 million	Brooklyn, IA
25	Pitt and Greene Electric Membership Corporation	501(c)(12)	$23 million	Farmville, NC

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Cause IQ organization profile

Carroll White Rural Electric Membership

Form 990s for Carroll White Rural Electric Membership

Financials for Carroll White Rural Electric Membership

Vendors for Carroll White Rural Electric Membership

Peer public utilities

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