2022-11-07T12:37:03-06:00 2021-12-31 363163136 LWG CPAS & ADVISORS 1776 N MERIDIAN ST STE 500 INDIANAPOLIS IN 46202 990 2021-01-01 350672654 SOUTHERN INDIANA REC INC SOUT 8125472316 PO BOX 219 TELL CITY IN 47586 STEVE SEIBERT CEO 8125472316 2022-10-28 1 STEVE SEIBERT 999009999 BRIAN D CHERRY P01355823 3176344747 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SOUTHERN INDIANA POWER STEVE SEIBERT PO BOX 219 TELL CITY IN 47586 39497094 0 X WWW.SINPWR.COM X 1939 IN TO PROVIDE SAFE, RELIABLE, AND AFFORDABLE POWER WHILE IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS 7 7 32 0 12904 11904 0 0 33915191 38151160 588642 322459 597216 1023475 35101049 39497094 0 0 1554838 2170718 2457383 2476527 0 0 0 31088828 34849849 35101049 39497094 0 0 64779410 70453737 21217346 24823605 43562064 45630132 TO PROVIDE SAFE, RELIABLE, AND AFFORDABLE POWER WHILE IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS 0 0 39497095 39497095 DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 7,533 MEMBERS ON A COOPERATIVE BASIS. 39497095 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 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 1 32 1 1 1 0 0 0 0 0 0 38151160 1345935 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X AMY RAMSEY 8125472316 1776 10TH STREET PO BOX 219 TELL CITY IN 47586 JEFF VOGEL CHAIRMAN 3.60 X 8950 0 0 PHILIP MEYER VICE CHAIRMAN 2.50 X 6800 0 0 KEVIN WANINGER SECRETARY/TREASURER 2.10 X 7150 0 0 RANDALL KLEAVING DIRECTOR 3.60 X 10390 0 0 DIRK STEIN DIRECTOR 3.20 X 7500 0 0 GARY WANINGER DIRECTOR 4.00 X 6100 0 0 DAVID LYNCH DIRECTOR 1.90 X 6100 0 0 STEVEN SEIBERT PRESIDENT/CEO 50.00 X 217050 0 82468 STEPHEN FORTWENDEL MANAGER OF OPERATIONS 50.00 X 107038 0 50932 TODD HAMMOND MANAGER OF ENGINEERING 40.00 X 101423 0 50743 CLINT HEEKE JOURNEYMAN LINEMAN 43.00 X 100176 0 48271 578677 0 232414 4 0 1 0 ELECTRICOM LLC 1660 W HOSPITAL RD PAOLI IN 47454 FIBER CONSTRUCTION 4731048 HOFFMAN TREE SERVICE PO BOX 663 WASHINGTON IN 47501 TREE TRIMMING 520876 DELTA SERVICES 4676 JENNINGS LANE LOUISVILLE KY 40218 ELECTRIC CONSTRUCTION 502837 K&K DIRTWORKS INC 10492 E CR 1000 N EVANSTON IN 47531 TREE TRIMMING 239132 TOWNSEND TREE SERVICE PO BOX 7015 MUNCIE IN 47308 TREE TRIMMING 234214 5 REVENUE-ELECTRIC SALES 221000 38151160 38151160 38151160 322459 322459 116533 0 116533 116533 116533 PATRONAGE CAPITAL 221000 886503 886503 MISC. INCOME/LOSS CO-OP ONE 453000 12904 12904 OTHER ELECTRIC SERVICE - LINE MAT 221000 6474 6474 1061 1061 906942 39497094 39045198 12904 438992 X 2170718 352508 2124019 753510 PURCHASED POWER 28998129 DEPRECIATION EXPENSE 2058051 MAINTENANCE EXPENSE 1271376 TAXES 705439 1063344 39497094 3877353 4636929 3825313 4767810 740842 582070 293651 403598 260348 174739 63808863 19053796 41010140 44755067 14771763 15133524 64779410 70453737 5681242 5589125 14916820 18579035 619284 655445 21217346 24823605 X 0 0 1518091 1692477 42043973 43937655 43562064 45630132 64779410 70453737 X 0 2068068 X X 0 1 X 1 0 2000 2000 2000 0 INDIANA FORE-POLITICAL ACTION COMMITTEE 8888 KEYSTONE CORRSING INDIANAPOLIS IN 46240 351998087 2000 45004 45004 2552732 1444714 1108018 7282772 2862916 4419856 53928355 14746166 39182189 44755067 PATRONAGE CAPITAL- OTHER 1074012 C PATRONAGE CAPITAL 14059512 C 15133524 CONSUMER DEPOSITS 86838 ACCUM PROVISION FOR MEDICAL LEAVE 506024 OBLIGATIONS UNDER CAPITAL LEASE 22376 CUSTOMER ADVANCES-CONSTRUCTION 40207 655445 X 39497095 0 39497095 0 39497095 37326377 0 37326377 2170718 2170718 39497095 PART X, LINE 2: THE ADOPTION OF THIS ACCOUNTING PRINCIPAL DOES NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, RESULTS OF OPERATIONS, OR CASH FLOWS AS THE REMC DOES NOT BELIEVE THEY ARE TAKING AN UNCERTAIN TAX POSITION. PART XII, LINE 4B - OTHER ADJUSTMENTS: 2021 MARGINS ALLOCATED TO MEMBERS = $2,170,718 2,170,718. X X X 0 0 0 STEVEN SEIBERT PRESIDENT/CEO 217050 0 0 0 0 0 62276 0 20192 0 299518 0 0 0 STEPHEN FORTWENDEL MANAGER OF OPERATIONS 107038 0 0 0 0 0 26147 0 24785 0 157970 0 0 0 TODD HAMMOND MANAGER OF ENGINEERING 101423 0 0 0 0 0 25965 0 24778 0 152166 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 SOUTHERN INDIANA POWER IS A COOPERATIVE OWNED BY APPROXIMATELY 7,420 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING DEPENDING ON THE DISTRICT THEY LIVE IN. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS TO BE MADE BY THE BOARD OF DIRECTORS MUST BE APPROVED BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS DISTRIBUTED TO THE REMC BOARD PRIOR TO FILING FOR REVIEW AND COMMENTS FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE PRESIDENT/CEO. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS HAS A WAGE AND SALARY COMMITTEE THAT SETS THE PRESIDENT/CEO'S SALARY BASED ON AN ANNUAL PERFORRMANCE REVIEW AND THE NRECA ANNUAL COMPENSATION SURVEY FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 7-10 AS AN ELECTRIC COOPERATIVE THAT FOLLOWS RUS ACCOUNTING, WE EITHER CAPITALIZE OR EXPENSE THE COST OF PAYROLL (PAYROLL, TAXES, AND EMPLOYEE BENEFITS). THEREFORE, THE AMOUNT CANNOT BE BROKEN DOWN LINE BY LINE ON THE STATEMENT OF FUNCTIONAL EXPENSES. THE AMOUNT OF PAYROLL THAT HAS BEEN CAPITALIZED ALSO INCLUDES PAYROLL TAXES AND EMPLOYEE BENEFITS, WHICH IS INCLUDED IN THE BALANCE SHEET. IN ADDITION, THE AMOUNT FROM YEAR TO YEAR TO BE CAPITALIZED VS EXPENSED VARIES BASED ON THE WORK BEING PERFORMED. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ASSIGNABLE MARGINS 2,249,641. CAPITAL CREDIT RETIREMENTS -277,036. UNCLAIMED CAPITAL CHECKS 174,386. NON-OPERATING MARGINS -78,923. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN THE PROCESS REGARDING OVERSIGHT OF THE AUDIT FROM PRIOR YEAR.