2021-10-26T11:09:21-05:00 2020-12-31 363163136 LWG CPAS & ADVISORS 1776 N MERIDIAN ST STE 500 INDIANAPOLIS IN 46202 990 2020-01-01 351499808 INDIANA STATEWIDE ASSOCIATION OF RURAL ELECTRIC COOPERATIVES INC INDI 3174872227 8888 KEYSTONE CROSSING NO 1600 INDIANAPOLIS IN 46240 DEIRDRE TIERNAN CFO 3174872230 2021-10-25 1 DEIRDRE TIERNAN 999009999 STACY L MURPHY CPA P00642307 3176344747 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z INDIANA ELECTRIC COOPERATIVES DEIRDRE TIERNAN 8888 KEYSTONE CROSSING NO 1600 INDIANAPOLIS IN 46240 9024550 0 X N/A X 1935 IN PROVIDING SERVICES TO RURAL ELECTRIC MEMBERSHIP COOPERATIVES 38 38 35 0 0 0 0 0 8655863 8975233 5225 1132 23182 43930 8684270 9020295 0 0 0 0 5275178 6034474 0 0 0 3304557 2721827 8579735 8756301 104535 263994 5796474 5950544 1183347 1046926 4613127 4903618 INDIANA ELECTRIC COOPERATIVES EXISTS TO ENHANCE THE COMPETITIVENESS OF ITS MEMBER DISTRIBUTION COOPERATIVES AND GENERATION AND TRANSMISSION COOPERATIVES 0 0 8756301 9014908 PROVIDING SERVICES TO RURAL ELECTRIC MEMBERSHIP COOPERATIVES. 8756301 0 0 1 0 0 0 0 0 0 1 0 0 0 0 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 12 0 35 1 0 0 0 0 0 0 0 0 X 38 38 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X DEIRDRE TIERNAN 3174872220 8888 KEYSTONE CROSSING SUITE 1600 INDIANAPOLIS IN 46240 CANDACE MEYER CLARK DIRECTOR 0.25 X 0 0 0 D'ANN STOUFFER HEARTLAND DIRECTOR 0.70 X 0 0 0 DAVE COXNEWTON CO DIRECTOR 0.00 X 0 0 0 DAVID RUDOLPHDUBOIS CO DIRECTOR 0.06 X 0 0 0 DAVID WALTHERHARRISON CO DIRECTOR 0.20 X 0 0 0 GARY GERLACHCARROLL WHITE CO DIRECTOR 2.00 X 0 0 0 GARY SAYNE WHITEWATER VALLEY DIRECTOR 5.00 X 0 0 0 GLENN MCALPIN JOHNSON DIRECTOR 0.29 X 0 0 0 HARLEY DRAKEWIN ENERGY DIRECTOR 5.00 X 0 0 0 BRUCE HAMLINSOUTH CENTRAL DIRECTOR 0.50 X 0 0 0 JAMEY MARCUMHENRY CO DIRECTOR 2.50 X 0 0 0 JEFF BRILL LAGRANGE DIRECTOR 1.00 X 0 0 0 DAVID DUTTLINGERJASPER CO DIRECTOR 2.68 X 0 0 0 KIM BUHRT KOSCIUSKO DIRECTOR 2.50 X 0 0 0 LYNN BECKTIPMONT CO DIRECTOR 2.00 X 1000 0 0 LARRY JACKSTEUBEN CO DIRECTOR 0.10 X 0 0 0 LEANDER HOOVERFULTON CO DIRECTOR 0.00 X 0 0 0 MARK EVANSPARKE CO DIRECTOR 0.10 X 0 0 0 MARK NIGHRUSHSHELBY DIRECTOR 3.00 X 1050 0 0 MELISSA MENCHOFER SOUTHEASTERN DIRECTOR 0.50 X 0 0 0 MICHAEL NINDEJAY CO DIRECTOR 0.20 X 0 0 0 MIKE WILLIAMSUDWI DIRECTOR 2.00 X 0 0 0 OTTO WERNERKANKAKEE VALLEY DIRECTOR 2.90 X 0 0 0 RANDY KLEEVINGSOUTHERN INDIANA POWE VICE PRESIDENT 0.50 X X 1550 0 0 RICHARD LEEPERMARSHALL CO DIRECTOR 3.00 X 1050 0 0 JOSEPH KRUYERNORTHEASTERN DIRECTOR 0.10 X 0 0 0 BRIAN HAWKINS ORANGE DIRECTOR 1.00 X 0 0 0 RON ARNHOLTBARTHOLOMEW CO DIRECTOR 0.50 X 0 0 0 STEVE AMRHEIN-DECATUR CO DIRECTOR 0.25 X 0 0 0 RAY KIRKHOF NINE STAR CONNECT DIRECTOR 0.75 X 0 0 0 STEVEN MCMICHAEL PAULDING SECRETARY/TREASURER 5.00 X X 1200 0 0 SUSAN WEBB HENDRICKS DIRECTOR 0.50 X 0 0 0 TERRY CHAPMANDAVIESS-MARTIN DIRECTOR 1.00 X 0 0 0 TODD SMITHMIAMI-CASS DIRECTOR 0.00 X 0 0 0 TOM DULL BOONE DIRECTOR 2.00 X 1200 0 0 TOM LEAKWARREN CO DIRECTOR 1.00 X 0 0 0 WALTER HUNTERJACKSON CO PRESIDENT 2.00 X X 2800 0 0 WILLIAM KNOX NOBLE DIRECTOR 0.00 X 0 0 0 DEIRDRE TIERNAN CFO 45.00 X 222802 0 85410 JOHN GASSTROM CEO 45.00 X 263594 0 132421 COREY WILLIS EMPLOYEE 40.00 X 162358 0 80168 MICHAEL BRENNER EMPLOYEE 40.00 X 168751 0 72993 JOHN ELKINS EMPLOYEE 40.00 X 161622 0 110711 JENNIFER RUFATTO FORMER EMPLOYEE 50.00 X 162358 0 49619 1151335 0 531322 6 1 1 0 NRECA 4301 WILSON BLVD ARLINGTON VA 22203 PENSION,401K, HEALTH, LTD AND LIFE 1127340 LSC COMMUNICATIONS 700 AIRTECH PKWY INDIANAPOLIS IN 46231 PRINTING SERVICES 720665 INDIANA RAILROAD 1500 SOUTH SENATE AVENUE INDIANAPOLIS IN 46225 SUBLEASE OF OFFICE SPACE 374181 3 MEM DUES AND ASSESSMEN 900099 6407851 6407851 MEMBER SERVICES 900099 2529454 2529454 IVY TECH-REAP PROGRAM 900099 37928 37928 8975233 5387 5387 4255 -4255 -4255 -4255 DIRECTORY 900099 18607 18607 CALENDAR 900099 15736 15736 PATRONAGE REVENUE 900099 4822 4822 4765 4765 43930 9020295 9014908 0 5387 3955689 3955689 1043393 1043393 750188 750188 285204 285204 99141 99141 103557 103557 13761 13761 52400 52400 75882 75882 379295 379295 119523 119523 195434 195434 209937 209937 38152 38152 PRINTING COSTS 668379 668379 MEALS AND ENTERTAINMENT 192046 192046 DUES AND SUBSCRIPTIONS 105664 105664 MISC EXPENSES 105078 105078 363578 363578 8756301 8756301 0 0 3527756 4418164 808100 612120 387274 199039 1214064 643676 562634 570388 147161 150833 363549 0 5796474 5950544 1183347 1046926 1183347 1046926 X 0 0 0 0 4613127 4903618 4613127 4903618 5796474 5950544 X 263994 26497 X X 0 1 X 1 0 18000 18000 1 FORE PAC 8888 KEYSTONE CROSSING SUITE 1600 INDIANAPOLIS IN 46240 351998087 18000 280785 120894 159891 933279 522782 410497 570388 X 9003409 0 9003409 16886 16886 9020295 8739412 0 8739412 16889 16889 8756301 PART X, LINE 2: ACCOUNTING FOR UNCERTAIN TAX POSITIONS - THE ASSOCIATION FOLLOWS "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." WHICH PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE ADOPTION OF THE ACCOUNTING PRINCIPLE DOES NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS AS THE ASSOCIATION DOES NOT BELIEVE IT IS TAKING ANY UNCERTAIN POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -17,458. DIRECTORY 18,607. CALENDAR 15,736. ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF SALES -17,458. DIRECTORY 18,607. CALENDAR 15,736. ROUNDING 4. PART XI. LINE 4B AND PART XI, LINE 2D ACCOUNTS WERE GROUPED DIFFERENTLY ON THE FINANCIAL STATEMENTS, BUT THE REVENUES IN EXCESS OF EXPENSES ARE THE SAME OTHER THAN SMALL ROUNDING DIFFERENCE. 1 X 0 0 0 JOHN GASSTROM CEO 263594 0 0 0 0 0 0 0 0 0 263594 0 0 0 DEIRDRE TIERNAN CFO 199142 0 23660 0 0 0 0 0 0 0 222802 0 0 0 MICHAEL BRENNER EMPLOYEE 163616 0 5135 0 0 0 0 0 0 0 168751 0 0 0 COREY WILLIS EMPLOYEE 148198 0 14160 0 0 0 0 0 0 0 162358 0 0 0 JENNIFER RUFATTO FORMER EMPLOYEE 161756 0 602 0 0 0 0 0 0 0 162358 0 0 0 JOHN ELKINS EMPLOYEE 147245 0 14377 0 0 0 0 0 0 0 161622 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF RURAL ELECTRIC MEMBERSHIP COOPERATIVES LOCATED IN THE STATE OF INDIANA WHO PAY THEIR DUES TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS HAS THE AUTHORITY TO APPOINT THE CHIEF EXECUTIVE OFFICER POSITION FORM 990, PART VI, SECTION A, LINE 7B THE ASSOCIATION HAS SUB-COMMITTEES THAT MAKE RECOMMENDATIONS BUT BOARD MEMBERS MUST APPROVE ACTIONS FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AND THE AUDIT COMMITTEE BEFORE FILED. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED AT A BOARD MEETING AND ANNUALLY MEMBERS ARE REQUIRED TO SIGN THE POLICY TO ENSURE COMPLIANCE FORM 990, PART VI, SECTION B, LINE 15 A REVIEW IS PERFORMED ANNUALLY FOR THE CEO BY THE BOARD OF DIRECTORS. COMPARABLE DATA FROM THE INDUSTRY AS WELL AS THE INDIANAPOLIS MARKET IS USED TO ANALYZE SALARY LEVELS. AN ANNUAL REVIEW IS ALSO PERFORMED FOR THE CFO AND COMPARABLE DATA IS USED FROM VARIOUS SOURCES, INCLUDING BUT NOT LIMITED TO, VARIOUS COMPENSATION MANUALS. FORM 990, PART VI, SECTION C, LINE 19 TAX RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT OUR OFFICE. FORM 990, PART XI, LINE 9: MEMBERSHIP DISTRIBUTION 26,497. FORM 990, PART XII, LINE 2C THE PROCESS IS THE SAME AS PRIOR YEAR.