2021-05-07T13:51:55-07:00 2020-12-31 990 2020-01-01 471911282 HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION HEAR 2607583605 PO BOX 605 MARKLE IN 46770 Gene Lahr Finance Manager 2607583605 2021-05-05 0 11 0 AAL2 2020 2022-09-23 18:48:47Z HEARTLAND REMC ROBERT PEARSON PO BOX 502 WABASH IN 46992 70468533 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 2898 1898 0 0 125490 81847 22742503 24382788 22867993 24464635 0 0 6429871 6983805 0 0 11794428 11801244 18224299 18785049 4643694 5679586 119489882 137877637 46004510 59876423 73485372 78001214 X SALE OF ELECTRICITY AND BROADBAND INTERNET TO MEMBERS OF HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION. 1 0 18785049 0 24464635 DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS. 0 0 0 18785049 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 37 0 1 61 1 1 1 0 0 0 0 67063476 3405057 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 0 X 269936 0 63582 TIM MUELLENBERG ENGINEER 40 0 X 157066 0 46491 COLT BURNAU VP ENGINEERING & OFFICE SERVICES 40 0 X 130610 0 46907 GENE LAHR FINANCE MANAGER 43 0 X 128913 0 41028 MIKE KELSEY OPERATIONS MANAGER 40 0 X 113216 0 44927 JEREMY SWEET 1ST CLASS LINEMAN 44 0 X 112289 0 42028 BRADY MILLER 1ST CLASS LINEMAN 44 0 X 113974 0 27586 ALAN SCHLAGENFAUF DIRECTOR 7 1 X 17195 12300 0 D'ANN STOUFFER DIRECTOR 6 0 X 20970 0 0 MATHEW QUICKERY SECRETARY-TREASURER OF BOARD 6 0 X 19850 0 0 ADAM FUSSELMAN DIRECTOR 5 0 X 18695 0 0 TED MARTZ ASSISTANT SECRETARY-TREASURER OF BOARD 6 0 X 17195 0 0 ALAN AMICK DIRECTOR 5 0 X 16945 0 0 LAURA COLE DIRECTOR 8 0 X 16945 0 0 JOH SMITH PRESIDENT OF BOARD 9 0 X 16870 0 0 ROBERT HIPPENSTEEL DIRECTOR 4 0 X 16695 0 0 JASON DAWES DIRECTOR 4 0 X 16570 0 0 DOUG WILCOX VICE PRESIDENT OF BOARD 4 0 X 16195 0 0 RALPH KEEFER DIRECTOR 5 0 X 15320 0 0 STEVEN BYERLY DIRECTOR 4 0 X 8110 0 0 1243559 12300 312549 22 0 1 0 ASPLUNDH TREE EXPERT PO BOX 640032 PITTSBURGH PA 15264 TREE TRIMMING 1086908 T&B POWER LINE CONSTRUCTION 501 E 500 N HARTFORD CITY IN 47348 CONSTRUCTION CONTRACTOR 1010765 WABASH VALLEY POWER ALLIANCE 6702 INTECH BLVD INDIANAPOLIS IN 46278 ENGINEER - CONTRACTOR 813042 SEDC 100 ASHFORD CENTER NORTH SUITE 500 ATLANTA GA 30338 COMPUTER SOFTWARE 386066 PINPOINT DIRECTIONAL 620 W 800 N HUNTINGTON IN 46750 CONSTRUCTION CONTRACTOR 201380 8 0 0 81847 0 0 81847 0 0 0 0 0 0 0 0 0 0 0 0 67063476 46003898 21059578 0 0 21059578 G&T AND OTHER CAPITAL CREDITS 221122 2170696 0 0 2170696 POLE RENTAL INCOME 221122 108575 0 0 108575 GAIN - LOSS SALE OF ASSETS 221122 41041 0 0 41041 1002898 0 2898 1000000 3323210 24464635 0 2898 24461737 0 0 0 0 616406 0 3591792 639387 1814910 321310 0 58843 17191 0 0 0 0 42006 77344 74758 0 0 32280 0 39121 1772651 0 4443609 161515 DISTRIBUTION EXPENSE - MAINTENANCE 1614236 ADMINISTRATIVE GENERAL 1085243 DISTRIBUTION EXPENSE - OPERATIONS 589922 UTILITY RECEIPTS TAX & PROPERTY TAX 1259102 533423 18785049 0 0 0 1067010 -343878 4736726 6012239 0 0 3659033 3480675 0 0 0 0 0 0 783047 691698 849815 674751 146335923 42719408 86162332 103616515 0 0 19410304 20630827 0 0 0 0 2821615 3114810 119489882 137877637 7526610 7760013 0 0 0 0 0 0 0 0 0 0 34091537 47855959 0 0 4386363 4260451 46004510 59876423 X 4643694 5679586 68841678 72321628 0 0 73485372 78001214 119489882 137877637 X 5679586 0 0 0 0 -1163744 X 0 1 X 1 0 0 454624 454624 0 6476294 4012886 2463408 0 0 0 0 0 0 0 0 0 139405005 38706522 100698483 103616515 0 0 PATRONAGE CAPITAL - WABASH VALLEY ASSOC. 18014973 C CAPITAL TERM CERTIFICATES - CFC 1063009 F FEDERATED INSURANCE CAPITAL CREDITS 279284 C OTHER INVESTMENT CAPITAL CREDITS 286120 C INDIANA STATEWIDE INVESTMENT 155566 C PATRONAGE CAPITAL - NRUCFC 831875 C 20630827 POST RETIREMENT BENEFIT 2877059 CONSUMER DEPOSITS 464687 DEFERRED CREDITS 918705 4260451 70468533 0 0 0 46003898 46003898 24464635 0 0 0 24464635 64788947 0 0 0 46003898 46003898 18785049 0 0 0 18785049 Schedule D, Part XI, Line 2d CLASSIFICATION ON COST OF GOOD SOLD - 46,003,898 Schedule D, Part XII, Line 2d CLASSIFICATION ON COST OF GOODS SOLD - 46,003,898. X 0 0 0 ROBERT PEARSON C.E.O. 269936 0 0 0 0 0 41250 0 22332 0 333518 0 0 0 TIM MUELLENBERG ENGINEER 157066 0 0 0 0 0 25368 0 21123 0 203557 0 0 0 GENE LAHR FINANCE MANAGER 128913 0 0 0 0 0 20295 0 20733 0 169941 0 0 0 COLT BURNAU VP ENGINEERING & OFFICE SERVICES 130610 0 0 0 0 0 20078 0 26829 0 177517 0 0 0 MIKE KELSEY OPERATIONS MANAGER 113216 0 0 0 0 0 18126 0 26801 0 158143 0 0 0 JEREMY SWEET 1ST CLASS LINEMAN 112289 0 0 0 0 0 15433 0 26595 0 154317 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 OF DIRECTORS. ALAN SCHLAGENHAUF DIRECTOR OF HEARTLAND REMC 12300 FOR MEETINGS ATTENDED AT WABASH VALLEY POWER ASSOC. 0 ALAN AMICK DIRECTOR OF HEARTLAND REMC 410 WELDING SERVICES PROVIDED BY AMICK WELDING 0 Form 990, Part III, Line 2 IN 2020 HEARTLAND REMC STARTED BUILDING THE INFRASTRUCTURE AND THE SALE OF BROADBAND FIBER INTERNET. Form 990, Part VI, Section A, Line 6 AN INVIVIDUAL 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 LINE 15A. THE BOARD OF DIRECTORS RECEIVES A COMPENSATION STUDY NATIONALLY FROM NRECA. THE BOARD THEN DETERMINES HIS SALARY ON THESE AND OTHER FACTORS. LINE 15B. A REVIEW IS COMPLETED EACH YEAR FOR OFFICERS. THE JOB IS BENCHMARKED TO JOBS WITH SIMILAR DUTIES WITHIN THE STATE AND NATIONALLY USING THE NRECA'S COMPENSATION SURVEY. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 DECEASED CAPITAL CREDITS PAID (344,621) GENERAL RETIREMENT CAPITAL CREDITS (999,058) INCREASED DONATED CAPITAL BECAUSE DISCOUNTING AND UNCLAIMED CHECKS 204,968 INCREASE IN OTHER COMPREHENSIVE INCOME (POST RETIREMENT STUDY) (25,033) ------------ TOTAL LINE 9 (1,163,744)