2022-05-12T16:16:48-07:00 2021-12-31 990 2021-01-01 471911282 HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION HEAR 2607583605 PO BOX 605 MARKLE IN 46770 Gene Lahr Finance Manager 2607583605 2022-05-12 1 11 0 AAL2 2021 2022-09-23 18:48:47Z HEARTLAND REMC ROBERT PEARSON PO BOX 502 WABASH IN 46992 72578733 0 X www.heartlandremc.com X 2014 IN SALE OF ELECTRICITY AND BROADBAND INTERNET TO MEMBERS OF HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION. 12 11 61 0 5250 4250 0 0 0 0 81847 58352 24382788 23809732 24464635 23868084 0 0 0 0 6983805 6745305 0 0 0 11801244 12609632 18785049 19354937 5679586 4513147 137877637 157490377 59876423 76161927 78001214 81328450 SALE OF ELECTRICITY AND BROADBAND INTERNET TO MEMBERS OF HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION. 0 0 19354937 23868084 DISTRIBUTION OF ELECTRICITY AND INTERNET FIBER TO RURAL CUSTOMERS. 0 0 0 19354937 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 38 0 1 61 1 1 1 0 0 0 0 71083964 1494769 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. 43.00 0 X 274849 0 65545 COLT BURNAU VP ENGINEERING & OFFICE SERVICES 40.00 0 X 164958 0 55411 TIM MUELLENBERG ENGINEER 40.00 0 X 158486 0 47426 GENE LAHR FINANCE MANAGER 43.00 0 X 130653 0 41783 MIKE KELSEY OPERATIONS MANAGER 40.00 0 X 115111 0 45612 JOHN SCHEIBER OPERATIONS IT 40.00 0 X 111908 0 36961 BRADY MILLER 1ST CLASS LINEMAN 44.00 0 X 112702 0 28162 ALAN SCHLAGENHAUF DIRECTOR 6.00 1.00 X 14820 13800 0 D'ANN STOUFFER DIRECTOR 6.00 0 X 20070 0 0 MATHEW QUICKERY SECRETARY-TREASURER OF BOARD 5.00 0 X 18550 0 0 LAURA COLE DIRECTOR 8.00 0 X 16945 0 0 ADAM FUSSELMAN DIRECTOR 4.00 0 X 16820 0 0 RALPH KEEFER DIRECTOR 6.00 0 X 16820 0 0 DOUG WILCOX VICE PRESIDENT OF BOARD 4.00 0 X 16320 0 0 JASON DAWES DIRECTOR 4.00 0 X 16070 0 0 JOH SMITH PRESIDENT OF BOARD 13.00 0 X 15920 0 0 TED MARTZ ASSISTANT SECRETARY-TREASURER OF BOARD 6.00 0 X 15570 0 0 ALAN AMICK DIRECTOR 4.00 0 X 15570 0 0 ROBERT HIPPENSTEEL DIRECTOR 4.00 0 X 15320 0 0 1267462 13800 320900 19 0 1 0 ASPLUNDH TREE EXPERT PO BOX 640032 PITTSBURGH PA 15264 TREE TRIMMING 646447 T&B POWER LINE CONSTRUCTION 501 E 500 N HARTFORD CITY IN 47348 CONSTRUCTION CONTRACTOR 919387 WABASH VALLEY POWER ALLIANCE 6702 INTECH BLVD INDIANAPOLIS IN 46278 ENGINEER - CONTRACTOR 286254 ELECTRICOM LLC PO BOX 319 PAOLI IN 47454 CONSTRUCTION CONTRACTOR 587682 INNOVATIVE TECHNOLOGIES 808 LEY RD FORT WAYNE IN 46825 COMPUTER SUPPORT 280534 11 0 0 58352 0 0 58352 0 0 0 0 0 0 0 0 0 0 0 0 71083964 48710649 22373315 0 0 22373315 G&T AND OTHER CAPITAL CREDITS 221122 1263586 0 0 1263586 POLE RENTAL INCOME 221122 90622 0 0 90622 GAIN - LOSS SALE OF ASSETS 221122 76959 0 0 76959 5250 0 5250 0 1436417 23868084 0 5250 23862834 0 0 0 0 604297 0 3591856 662949 1565583 320620 0 65849 23104 0 0 0 0 40227 75233 94227 0 0 26493 0 33474 2143735 0 4599914 170246 DISTRIBUTION EXPENSE - MAINTENANCE 1273920 ADMINISTRATIVE GENERAL 1356629 DISTRIBUTION EXPENSE - OPERATIONS 802815 UTILITY RECEIPTS & PROPERTY TAX 1394726 509040 19354937 0 0 0 -343878 -328810 6012239 3715495 0 0 3480675 3857277 0 0 0 0 0 0 691698 1170345 674751 499097 169074965 45300950 103616515 123774015 0 0 20630827 21459162 0 0 0 0 3114810 3343796 137877637 157490377 7760013 9048495 0 0 0 0 0 0 0 0 0 0 47855959 62749345 0 0 4260451 4364087 59876423 76161927 X 5679586 4513147 72321628 76815303 0 0 78001214 81328450 137877637 157490377 X 4513147 0 0 0 0 -1185911 X 0 1 X 1 0 0 454624 454624 0 6666428 4274057 2392371 0 0 0 0 0 0 0 0 0 161953913 41026893 120927020 123774015 PATRONAGE CAPITAL - WABASH VALLEY ASSOC. 18717303 C CAPITAL TERM CERTIFICATES - CFC 1060517 F FEDERATED INSURANCE CAPITAL CREDITS 296764 C OTHER INVESTMENT CAPITAL CREDITS 307662 C INDIANA STATEWIDE INVESTMENT 167792 C PATRONAGE CAPITAL - NRUCFC 909124 C 21459162 POST RETIREMENT BENEFIT 3033208 CUSTOMER DEPOSITS 385116 DEFERRED CREDITS 945763 4364087 72578733 0 0 0 48710649 48710649 23868084 0 0 0 23868084 68065586 0 0 0 48710649 48710649 19354937 0 0 0 19354937 Schedule D, Part XI, Line 2d CLASSIFICATION ON COST OF GOODS SOLD - 48,710,649 Schedule D, Part XII, Line 2d CLASSIFICATION ON COST OF GOODS SOLD - 48,710,649 X 0 0 0 ROBERT PEARSON C.E.O. 274849 0 0 0 0 0 43019 0 22526 0 340394 0 0 0 GENE LAHR FINANCE MANAGER 130653 0 0 0 0 0 20965 0 20818 0 172436 0 0 0 COLT BURNAU VP ENGINEERING & OFFICE SERVICES 164958 0 0 0 0 0 27832 0 27579 0 220369 0 0 0 TIM MUELLENBERG ENGINEER 158486 0 0 0 0 0 26206 0 21220 0 205912 0 0 0 MIKE KELSEY OPERATIONS MANAGER 115111 0 0 0 0 0 18741 0 26871 0 160723 0 0 0 BRADY MILLER 1ST CLASS LINEMAN 112702 0 0 0 0 0 16026 0 12136 0 140864 0 0 0 JOHN SCHEIBER OPERATIONS IT 111908 0 0 0 0 0 16803 0 20158 0 148869 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 OR DIRECTORS. ALAN SCHLAGENHAUF DIRECTOR OF HEARTLAND REMC 13800 FOR MEETINGS ATTENDED AT W.V.P.A 0 ALAN AMICK DIRECTOR OF HEARTLAND REMC 82 WELDING SERVICES 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 ENTITLED 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 CONFLICT 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 (433,026) - GENERAL RETIREMENT CAPITAL CREDITS (999,962) - INCREASED DONATED CAPITAL BECAUSE DISCOUNTING AND UNCLAIMED CHECKS 309,084 - INCREASE IN OTHER COMPREHENSIVE INCOME (POST RETIREMENT STUDY) (62,007) -------TOAL LINE 9 (1,185,911)