2023-05-08T13:19:20-07:00 2022-12-31 990 2022-01-01 471911282 HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION HEAR 2607583605 PO BOX 605 MARKLE IN 46770 Gene Lahr Finance Manager 2607583605 2023-05-08 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z HEARTLAND REMC GENE LAHR PO BOX 605 MARKLE IN 46770 80658043 0 X www.heartlandremc.com X 2014 IN SALE OF ELECTRICITY AND BROADBAND INTERNET TO MEMBERS OF HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION. 12 11 60 0 4550 3550 0 0 0 0 58352 112352 23809732 27127704 23868084 27240056 0 0 0 0 6745305 7197936 0 0 0 12609632 14077535 19354937 21275471 4513147 5964585 157490377 182379683 76161927 94002709 81328450 88376974 SALE OF ELECTRICITY AND BROADBAND INTERNET TO MEMBERS OF HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION. 0 0 21275471 27240056 DISTRIBUTION OF ELECTRICITY AND INTERNET FIBER TO RURAL CUSTOMERS. 0 0 0 21275471 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 40 0 1 60 1 1 1 0 0 0 0 79072671 1585372 0 0 0 X 12 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X GENE LAHR 2607583605 PO BOX 605 MARKLE IN 46770 ROBERT PEARSON C.E.O. 43 X 283503 0 69845 COLT BURNAU VP ENGINEERING & OFFICE SERVICES 40 X 189709 0 58529 GENE LAHR FINANCE MANAGER 43 X 138457 0 44036 MIKE KELSEY OPERATIONS MANAGER 40 X 120620 0 48092 BRAD COUCH 1ST CLASS LINEMAN 44 X 118632 0 44333 DONALD BAUER 1ST CLASS LINEMAN 44 X 118035 0 44191 BRADY MILLER 1ST CLASS LINEMAN 44 X 123665 0 29666 ALAN SCHLAGENHAUF DIRECTOR 6 X 16070 9900 0 DOUG WILCOX PRESIDENT OF BOARD 6 X 20565 0 0 LAURA COLE ASSISTANT SECRETARY - TREASURER OF BOARD 8 X 19195 0 0 MATHEW QUICKERY VICE PRESIDENT OF BOARD 6 X 18650 0 0 JASON DAWES SECRETARY - TREASURER OF BOARD 5 X 18020 0 0 JOH SMITH DIRECTOR 14 X 17970 0 0 D'ANN STOUFFER DIRECTOR 5 X 17320 0 0 ADAM FUSSELMAN DIRECTOR 5 X 17320 0 0 RALPH KEEFER DIRECTOR 6 X 17070 0 0 ROBERT HIPPENSTEEL DIRECTOR 4 X 16570 0 0 TED MARTZ DIRECTOR 5 X 16570 0 0 ALAN AMICK DIRECTOR 4 X 16570 0 0 1304511 9900 338692 24 0 1 0 ASPLUNDH TREE EXPERT PO BOX 640032 PITTSBURGH PA 15264 TREE TRIMMING 1201941 T&B POWER LINE CONSTRUCTION 501 E 500 N HARTFORD CITY IN 47348 CONSTRUCTION CONTRACTOR 1087688 MERIDIAN COOPERATIVE 100 ASHFORD CENTER ATLANTA GA 30338 COMPUTER SOFTWARE 423760 USIC LOCATING SERVICES PO BOX 715409 CINCINNATI OH 45271 UNDERGROUND LOCATING 233796 J&J ELECTRIC 3180 W STATE RD 18 KOKOMO IN 46901 CONSTRUCTION CONTRACTOR 233741 11 0 0 112352 0 0 112352 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 79072671 53417987 25654684 0 0 25654684 G&T AND OTHER CAPITAL CREDITS 221122 1346624 0 0 1346624 POLE RENTAL INCOME 221122 99535 0 0 99535 GAIN - LOSS ON SALE OF ASSETS 221122 22311 0 0 22311 4550 0 4550 0 1473020 27240056 0 4550 27235506 633850 3862808 702988 1657084 341206 66383 17929 41285 36382 31663 58303 74472 3001089 4734052 170142 DISTRIBUTION EXP - MAINTENANCE 1773371 ADMINISTRATIVE AND GENERAL 1786642 DISTRIBUTION EXP - OPERATIONS 801129 UTILITY RECEIPTS - PROPERTY TAXES 881982 602711 21275471 0 0 0 -328810 123177 3715495 4423483 0 0 3857277 4229106 0 0 0 0 0 0 1170345 1502943 499097 304755 193759757 48201053 123774015 145558704 0 0 21459162 22307775 0 0 0 0 3343796 3929740 157490377 182379683 9048495 8854175 0 0 0 0 0 0 0 0 0 0 62749345 81656912 0 0 4364087 3491622 76161927 94002709 X 4513147 5964585 76815303 82412389 0 0 81328450 88376974 157490377 182379683 X 5964585 0 0 0 0 1083939 X 0 1 X 1 0 0 454624 454624 0 6818702 4493298 2325404 0 0 0 0 0 0 0 0 0 186486431 43707755 142778676 145558704 PATRONAGE CAPITAL - WABASH VALLEY 19404087 C CAPITAL TERM CERTIFICATES - CFC 1057853 F FEDERATED INSURANCE CAPITAL CREDITS 328867 C OTHER INVESTMENTS CAPITAL CREDITS 344651 C INDIANA STATEWIDE INVESTMENT 165574 C PATRONAGE CAPITAL - NRUCFC 1006743 C 22307775 0 POST RETIREMENT BENEFIT 2150965 CUSTOMER DEPOSITS 319515 DEFERRED CREDITS 1021142 3491622 80658043 0 0 0 53417987 53417987 27240056 0 0 0 27240056 74693458 0 0 0 53417987 53417987 21275471 0 0 0 21275471 Schedule D, Part XI, Line 2d OTHER - CLASSIFICATION ON COST OF GOODS SOLD 53,417,987 Schedule D, Part XII, Line 2d OTHER - CLASSIFICATION ON COST OF GOODS SOLD 53,417,987 X 0 0 0 ROBERT PEARSON C.E.O. 283503 0 0 0 0 0 46442 0 23403 0 353348 0 0 0 GENE LAHR FINANCE MANAGER 138457 0 0 0 0 0 22464 0 21572 0 182493 0 0 0 COLT BURNAU VP ENGINEERING & OFFICE SERVICES 189709 0 0 0 0 0 29873 0 28656 0 248238 0 0 0 BRADY MILLER 1ST CLASS LINEMAN 123665 0 0 0 0 0 17144 0 12522 0 153331 0 0 0 MIKE KELSEY OPERATIONS MANAGER 120620 0 0 0 0 0 20178 0 27914 0 168712 0 0 0 BRAD COUCH 1ST CLASS LINEMAN 118632 0 0 0 0 0 16690 0 27643 0 162965 0 0 0 DONALD BAUER 1ST CLASS LINEMAN 118035 0 0 0 0 0 16563 0 27628 0 162226 0 0 0 Schedule J, Part I, Line 3 A YEARLY NRECA COMPENSATION SURVEY IS RECEIVED BY THE BOARD AND THE AMOUNT OF COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. ALAN SCHLAGENHAUF DIRECTOR OF HEARTLAND REMC 9900 RECEIVED FOR MEETING ATTENDANCE FROM WABASH VALLEY POWER ASSOCIATION 0 ALAN AMICK DIRECTOR OF HEARTLAND REMC 968 WELDING SERVICES PROVIDED BY AMICK WELDING 0 Form 990, Part VI, Section A, Line 6 AN INDIVIDUAL PURCHASES ELECTRICITY FROM THE CO-OP IS A MEMBER. THE MEMBER IS ENTITLES TO VOTE FOR DIRECTORS AND IMPORTANT ISSUES COMING BEFORE THE GENERAL MEMBERSHIP. Form 990, Part VI, Section A, Line 7a EACH MEMBER IS ENTITLED TO ONE VOTE FOR THE BOARD OF DIRECTOR POSITIONS. NOT ANY ONE PERSON HAS THE POWER TO ELECT A BOARD MEMBER. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS REVIEWED BY THE BOARD MEMBERS AT THE MONTHLY MEETING PRIOR TO THE FILING. Form 990, Part VI, Section B, Line 12c A QUESTIONNAIRE IS COMPLETED BY ALL BOARD OF DIRECTORS ANNUALLY. THE QUESTIONNAIRE REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST PER THE POLICIES AND BY-LAWS OF HEARTLAND REMC. Form 990, Part VI, Section B, Line 15 THE BOARD OF DIRECTORS RECEIVES A COMPENSATION STUDY NATIONALLY FROM NRECA. THE BOARD THEN DETERMINES HIS SALARY ON THESE AND OTHER FACTORS. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 DECEASED CAPITAL CREDITS PAID (336,259) - GENERAL RETIREMENT CAPITAL CREDITS (999,899) - INCREASED DONATED CAPITAL BECAUSE DISCOUNTING AND UNCLAIMED CHECKS 1,703,475 - INCREASE IN OTHER COMPREHENSIVE INCOME (POST RETIREMENT STUDY) 716,622------TOTAL LINE 9 1,083,939