2025-06-12T16:24:31-05:00 2024-12-31 351515068 MONROE SHINE & CO INC CPA'S PO BOX 1407 NEW ALBANY IN 471511407 990 2024-01-01 350367872 HARRISON COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION HARR 8127384115 1165 OLD FOREST ROAD P O BOX 5 CORYDON IN 47112 DAVID C LETT CHIEF EXECUTIVE OFFICER 8127384115 2025-06-12 1 0 CHRISTOPHER M HAWKINS CPA P01291231 8129452311 2024 2025-03-06 01:10:19Z HARRISON REMC DAVID C LETT 1165 OLD FOREST ROAD P O BOX 517 CORYDON IN 47112 69592170 0 X WWW.HARRISONREMC.COM X 1938 IN DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 24,500 MEMBERS ON A COOPERATIVE BASIS. 9 9 54 0 0 0 0 0 62482930 66842988 812815 821056 2226951 1928126 65522696 69592170 0 0 3362597 5333313 5996791 6049360 0 0 0 56163308 58209497 65522696 69592170 0 0 140234781 146413649 47511599 49894303 92723182 96519346 X 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. 0 0 DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 25,000 MEMBERS ON A COOPERATIVE BASIS. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 54 1 0 0 0 0 0 0 0 68409582 1182588 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X DAVID C LETT 8127384115 1165 OLD FOREST ROAD NW CORYDON IN 47112 DAVID POE PRESIDENT 4.46 X 21893 0 0 BRIAN KOETTER VICE PRESIDENT 2.28 X 11985 0 0 CRAIG ENGLEMAN SECRETARY/TREASURER 3.65 X 19862 0 0 PATRICK BOOK DIRECTOR 2.93 X 17429 0 0 DAVID L WALTHER DIRECTOR 4.38 X 19194 0 0 ROY ZIMMERMAN DIRECTOR 3.49 X 10818 0 0 DARIN DUNCAN DIRECTOR 2.40 X 14336 0 0 C TODD UHL DIRECTOR 3.05 X 15450 0 0 DANNY WISEMAN DIRECTOR 4.31 X 18618 0 0 DAVID C LETT CHIEF EXECUTIVE OFFICER 50.00 X 325895 0 198269 DEREK SAUNDERS EMPLOYEE 55.00 X 149669 0 5262 LOGAN MURPHY EMPLOYEE 55.00 X 138259 0 17392 STEVEN MOORE BUSINESS MANAGER 49.00 X 173486 0 58611 TRYSTEN WILLIAMS EMPLOYEE 48.00 X 134212 0 15263 RYAN STROHBECK ENGINEERING OPERATIONS MAN 45.00 X 158060 0 38754 1229166 0 333551 6 0 1 0 WILLIAM E GROVES CONSTRUCTION 3135 GRAPEVINE RD MADISONVILLE KY 42431 ELECTRIC PLANT CONSTRUCTION 2085125 WA KENDALL AND COMPANY LLC 1100 E 100 S MOORESVILLE IN 46160 TREE TRIMMING 1824990 H AND L TREE TRIMMING INC 1002 RODGERS PARK DR NORTH VERNON IN 47265 TREE TRIMING 1606821 S&M NIX ENTERPRISES LLC 13060 FREDERICKSBURG RD NW DEPAUW IN 47115 EXCAVATING 750675 D J WINDELL INC 3094 OLD HEINZ RD NE CORYDON IN 47112 LOG POLE TRANSPORTATION 386386 5 ELECTRIC REVENUE 221000 66842988 66842988 66842988 821056 821056 361532 0 361532 361532 361532 PATRONAGE ALLOCATIONS 221000 1566594 1566594 1566594 69592170 68409582 0 1182588 5333313 1562717 3021600 658592 382801 423650 1125359 4436866 PURCHASED POWER 46412073 DISTRIBUTION EXPENSE 5390625 CONSUMER ACCOUNT EXPENS 446252 PERSONAL PROPERTY TAX 350844 47478 69592170 1249319 1787871 6000000 0 6186048 7183905 3017963 3458214 687234 3767104 134750006 37963328 90140938 96786678 2946900 3068177 30006379 30361700 140234781 146413649 3515222 2986379 38680774 41547937 5315603 5359987 47511599 49894303 X 0 0 2562209 2894530 90160973 93624816 92723182 96519346 140234781 146413649 X 0 -16587 3812751 X X 0 1 X 1 0 2000 2000 2000 1 INDIANA FORE - POLITICAL ACTION 11805 PENNSYLVANIA ST CARMEL IN 46032 351998087 2000 PART I-A, LINE 1: HARRISON COUNTY REMC DONATED TO INDIANA FORE, A POLITICAL ACTION GROUP WORKING IN THE INTEREST OF RURAL UTILITIES. 484218 484218 3439848 2409486 1030362 9181470 5696134 3485336 121644470 29857708 91786762 96786678 PATRONAGE CAPITAL IN WHOLESALE POWER SUPPLIER 28077360 C PATRONAGE CAPITAL IN OTHER VENDOR/COOPERATIVES 2284340 C 30361700 ACCUMULATED POST-RETIREMENT BENEFIT OBLIGATION 320160 POST EMPLOYMENT BENEFIT SICK LEAVE PAYABLE 1144396 CUSTOMER ADVANCES FOR CONSTRUCTION 2521543 CONSUMER DEPOSITS 1373888 5359987 X 69592170 0 69592170 0 69592170 64258857 0 64258857 5333313 5333313 69592170 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. X X X 0 0 0 DAVID C LETT CHIEF EXECUTIVE OFFICER 325895 0 0 0 0 0 0 0 198269 0 524164 0 0 0 STEVEN MOORE BUSINESS MANAGER 173486 0 0 0 0 0 0 0 58611 0 232097 0 0 0 RYAN STROHBECK ENGINEERING OPERATIONS MAN 158060 0 0 0 0 0 0 0 38754 0 196814 0 0 0 LOGAN MURPHY EMPLOYEE 138259 0 0 0 0 0 0 0 17392 0 155651 0 0 0 DEREK SAUNDERS EMPLOYEE 149669 0 0 0 0 0 0 0 5262 0 154931 0 0 0 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.