HARRISON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION-89: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: HARRISON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION-89 (EIN 35-0367872)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-06-12
IRS object ID: 202511639349301526
Schema version: 2024v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule C
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-06-12T16:24:31-05:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	351515068	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MONROE SHINE & CO INC CPA'S	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1407	AddressLine1Txt
City	NEW ALBANY	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	471511407	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	350367872	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	HARRISON COUNTY RURAL ELECTRIC	BusinessNameLine1Txt
Business Name Line2	MEMBERSHIP CORPORATION	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	HARR	BusinessNameControlTxt
Phone	8127384115	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1165 OLD FOREST ROAD P O BOX 5	AddressLine1Txt
City	CORYDON	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47112	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DAVID C LETT	PersonNm
Person Title	CHIEF EXECUTIVE OFFICER	PersonTitleTxt
Phone	8127384115	PhoneNum
Signature	2025-06-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CHRISTOPHER M HAWKINS CPA	PreparerPersonNm
PTIN	P01291231	PTIN
Phone	8129452311	PhoneNum

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

Field	Value	IRS element (for citing)
Business Name Line1	HARRISON REMC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Principal Officer	DAVID C LETT	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1165 OLD FOREST ROAD P O BOX 517	AddressLine1Txt
City	CORYDON	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47112	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$69,592,170	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.HARRISONREMC.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1938	FormationYr
Legal Domicile State	IN	LegalDomicileStateCd
Activity Or Mission	DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 24,500 MEMBERS ON A COOPERATIVE BASIS.	ActivityOrMissionDesc
Voting Members Governing Body	9	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	54	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$62,482,930	PYProgramServiceRevenueAmt
CY Program Service Revenue	$66,842,988	CYProgramServiceRevenueAmt
PY Investment Income	$812,815	PYInvestmentIncomeAmt
CY Investment Income	$821,056	CYInvestmentIncomeAmt
PY Other Revenue	$2,226,951	PYOtherRevenueAmt
CY Other Revenue	$1,928,126	CYOtherRevenueAmt
PY Total Revenue	$65,522,696	PYTotalRevenueAmt
CY Total Revenue	$69,592,170	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$3,362,597	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$5,333,313	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$5,996,791	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$6,049,360	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$56,163,308	PYOtherExpensesAmt
CY Other Expenses	$58,209,497	CYOtherExpensesAmt
PY Total Expenses	$65,522,696	PYTotalExpensesAmt
CY Total Expenses	$69,592,170	CYTotalExpensesAmt
PY Revenues Less Expenses	$0	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$0	CYRevenuesLessExpensesAmt
Total Assets BOY	$140,234,781	TotalAssetsBOYAmt
Total Assets EOY	$146,413,649	TotalAssetsEOYAmt
Total Liabilities BOY	$47,511,599	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$49,894,303	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$92,723,182	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$96,519,346	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE MISSION OF HARRISON REMC IS TO PROVIDE A WELL-INFORMED MEMBERSHIP WITH SUPERIOR, COMPETITIVELY PRICED, ELECTRIC AND RELATED CUSTOMER SERVICE(S), ACCOMPLISHED BY HIGHLY TRAINED, COMMITTED EMPLOYEES. IT IS FURTHER THE MISSION TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS BY PROMOTING COMMUNITY, ECONOMIC DEVELOPEMENT AND ENERGY EFFICIENCY ACTIVITIES.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 25,000 MEMBERS ON A COOPERATIVE BASIS.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	Yes (1)	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	28	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	54	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Members And Shr Gross Income	$68,409,582	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$1,182,588	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	9	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	IN	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DAVID C LETT	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8127384115	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1165 OLD FOREST ROAD NW	AddressLine1Txt
City	CORYDON	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	47112	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (15 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
DAVID POE
PRESIDENT	4.46	Yes (X)	$21,893	$0	$0
BRIAN KOETTER
VICE PRESIDENT	2.28	Yes (X)	$11,985	$0	$0
CRAIG ENGLEMAN
SECRETARY/TREASURER	3.65	Yes (X)	$19,862	$0	$0
PATRICK BOOK
DIRECTOR	2.93	Yes (X)	$17,429	$0	$0
DAVID L WALTHER
DIRECTOR	4.38	Yes (X)	$19,194	$0	$0
ROY ZIMMERMAN
DIRECTOR	3.49	Yes (X)	$10,818	$0	$0
DARIN DUNCAN
DIRECTOR	2.40	Yes (X)	$14,336	$0	$0
C TODD UHL
DIRECTOR	3.05	Yes (X)	$15,450	$0	$0
DANNY WISEMAN
DIRECTOR	4.31	Yes (X)	$18,618	$0	$0
DAVID C LETT
CHIEF EXECUTIVE OFFICER	50.00		$325,895	$0	$198,269	Yes (X)
DEREK SAUNDERS
EMPLOYEE	55.00		$149,669	$0	$5,262		Yes (X)
LOGAN MURPHY
EMPLOYEE	55.00		$138,259	$0	$17,392		Yes (X)
STEVEN MOORE
BUSINESS MANAGER	49.00		$173,486	$0	$58,611		Yes (X)
TRYSTEN WILLIAMS
EMPLOYEE	48.00		$134,212	$0	$15,263		Yes (X)
RYAN STROHBECK
ENGINEERING OPERATIONS MAN	45.00		$158,060	$0	$38,754		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,229,166	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$333,551	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	6	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
WILLIAM E GROVES CONSTRUCTION
3135 GRAPEVINE RD	MADISONVILLE	KY	42431	ELECTRIC PLANT CONSTRUCTION	$2,085,125
WA KENDALL AND COMPANY LLC
1100 E 100 S	MOORESVILLE	IN	46160	TREE TRIMMING	$1,824,990
H AND L TREE TRIMMING INC
1002 RODGERS PARK DR	NORTH VERNON	IN	47265	TREE TRIMING	$1,606,821
S&M NIX ENTERPRISES LLC
13060 FREDERICKSBURG RD NW	DEPAUW	IN	47115	EXCAVATING	$750,675
D J WINDELL INC
3094 OLD HEINZ RD NE	CORYDON	IN	47112	LOG POLE TRANSPORTATION	$386,386

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	5	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	ELECTRIC REVENUE	Desc
Business	221000	BusinessCd
Total Revenue Column	$66,842,988	TotalRevenueColumnAmt
Related Or Exempt Func Income	$66,842,988	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$66,842,988	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$821,056	TotalRevenueColumnAmt
Exclusion	$821,056	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Personal	$361,532	PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Personal	$0	PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Personal	$361,532	PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$361,532	TotalRevenueColumnAmt
Exclusion	$361,532	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	PATRONAGE ALLOCATIONS	Desc
Business	221000	BusinessCd
Total Revenue Column	$1,566,594	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,566,594	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$1,566,594	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$69,592,170	TotalRevenueColumnAmt
Related Or Exempt Func Income	$68,409,582	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$1,182,588	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$5,333,313	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,562,717	TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$3,021,600	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$658,592	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$382,801	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$423,650	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$1,125,359	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$4,436,866	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
PURCHASED POWER	$46,412,073
DISTRIBUTION EXPENSE	$5,390,625
CONSUMER ACCOUNT EXPENS	$446,252
PERSONAL PROPERTY TAX	$350,844

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$47,478	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$69,592,170	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,249,319	BOYAmt
EOY	$1,787,871	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$6,000,000	BOYAmt
EOY	$0	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$6,186,048	BOYAmt
EOY	$7,183,905	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$3,017,963	BOYAmt
EOY	$3,458,214	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$687,234	BOYAmt
EOY	$3,767,104	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$134,750,006	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$37,963,328	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$90,140,938	BOYAmt
EOY	$96,786,678	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$2,946,900	BOYAmt
EOY	$3,068,177	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$30,006,379	BOYAmt
EOY	$30,361,700	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$140,234,781	BOYAmt
EOY	$146,413,649	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$3,515,222	BOYAmt
EOY	$2,986,379	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$38,680,774	BOYAmt
EOY	$41,547,937	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$5,315,603	BOYAmt
EOY	$5,359,987	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$47,511,599	BOYAmt
EOY	$49,894,303	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$2,562,209	BOYAmt
EOY	$2,894,530	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$90,160,973	BOYAmt
EOY	$93,624,816	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$92,723,182	BOYAmt
EOY	$96,519,346	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$140,234,781	BOYAmt
EOY	$146,413,649	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$0	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$16,587	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$3,812,751	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Political Expenditures	$2,000	PoliticalExpendituresAmt
Internal Funds Contributed	$2,000	InternalFundsContributedAmt
Total Exempt Function Expend	$2,000	TotalExemptFunctionExpendAmt
Form1120 POL Filed	Yes (1)	Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	INDIANA FORE - POLITICAL ACTION	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	11805 PENNSYLVANIA ST	AddressLine1Txt
City	CARMEL	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46032	ZIPCd

Field	Value	IRS element (for citing)
EIN	351998087	EIN
Paid Internal Funds	$2,000	PaidInternalFundsAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I-A, LINE 1:	FormAndLineReferenceDesc
Explanation	HARRISON COUNTY REMC DONATED TO INDIANA FORE, A POLITICAL ACTION GROUP WORKING IN THE INTEREST OF RURAL UTILITIES.	ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$484,218	OtherCostOrOtherBasisAmt
Book Value	$484,218	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$3,439,848	OtherCostOrOtherBasisAmt
Depreciation	$2,409,486	DepreciationAmt
Book Value	$1,030,362	BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$9,181,470	OtherCostOrOtherBasisAmt
Depreciation	$5,696,134	DepreciationAmt
Book Value	$3,485,336	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$121,644,470	OtherCostOrOtherBasisAmt
Depreciation	$29,857,708	DepreciationAmt
Book Value	$91,786,762	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$96,786,678	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PATRONAGE CAPITAL IN WHOLESALE POWER SUPPLIER	$28,077,360	C
PATRONAGE CAPITAL IN OTHER VENDOR/COOPERATIVES	$2,284,340	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$30,361,700	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
ACCUMULATED POST-RETIREMENT BENEFIT OBLIGATION	$320,160
POST EMPLOYMENT BENEFIT SICK LEAVE PAYABLE	$1,144,396
CUSTOMER ADVANCES FOR CONSTRUCTION	$2,521,543
CONSUMER DEPOSITS	$1,373,888

Field	Value	IRS element (for citing)
Total Liability	$5,359,987	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$69,592,170	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$69,592,170	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$69,592,170	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$64,258,857	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$64,258,857	ExpensesSubtotalAmt
Other Expenses Not Included	$5,333,313	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$5,333,313	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$69,592,170	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

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, 2024.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

2024 MARGINS ALLOCATED TO MEMBERS 5,333,313.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DAVID C LETT
CHIEF EXECUTIVE OFFICER	$325,895	$0	$0	$0	$0	$0	$0	$0	$198,269	$0	$524,164	$0	$0	$0
STEVEN MOORE
BUSINESS MANAGER	$173,486	$0	$0	$0	$0	$0	$0	$0	$58,611	$0	$232,097	$0	$0	$0
RYAN STROHBECK
ENGINEERING OPERATIONS MAN	$158,060	$0	$0	$0	$0	$0	$0	$0	$38,754	$0	$196,814	$0	$0	$0
LOGAN MURPHY
EMPLOYEE	$138,259	$0	$0	$0	$0	$0	$0	$0	$17,392	$0	$155,651	$0	$0	$0
DEREK SAUNDERS
EMPLOYEE	$149,669	$0	$0	$0	$0	$0	$0	$0	$5,262	$0	$154,931	$0	$0	$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	HARRISON REMC IS A COOPERATIVE OWNED BY ITS APPROXIMATE 24,500 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	THE FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS AND CEO BEFORE IT WAS FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	THE CONFLICT OF INTEREST POLICY IS PERIODICALLY REVIEWED BY THE BOARD OF DIRECTORS AND CEO.
FORM 990, PART VI, SECTION B, LINE 15A	BOARD OF DIRECTORS REVIEWS STATE AND NATIONAL SALARY SURVEYS FOR COMPARABLE POSITIONS.
FORM 990, PART VI, SECTION C, LINE 19	THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
FORM 990, PART XI, LINE 9:	2024 MARGINS ALLOCATED TO MEMBERS 5,333,313. INCREASE IN ACCUMULATED OTHER COMPREHENSIVE INCOME 332,321. RETIREMENT OF PATRONAGE CAPITAL TO MEMBERS -1,852,883.