2019-11-08T13:17:11-06:00 2018-12-31 363163136 LWG CPAS & ADVISORS 1776 N MERIDIAN ST STE 500 INDIANAPOLIS IN 46202 990 2018-01-01 350672654 SOUTHERN INDIANA REC INC SOUT 8125472316 PO BOX 219 TELL CITY IN 47586 STEVE SEIBERT CEO 8125472316 2019-10-31 1 EARL L RIDLEN P00987829 3176344747 206.53.252.130 2019-10-31 11:08:23 ED P 36EF84789D6769A9E3F62B728744EBE4D86DFB53 36EF84789D6769A9E3F62B728744EBE4D86DFB53 2018 2020-04-17 16:48:07Z SOUTHERN INDIANA POWER STEVE SEIBERT PO BOX 219 TELL CITY IN 47586 40647699 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 27 0 0 0 0 0 36908967 38570446 518958 1178248 1142483 894929 38570408 40643623 0 0 2715616 2597775 2109982 2296833 0 0 0 33744810 35749015 38570408 40643623 0 0 60695713 60785325 22478963 20180003 38216750 40605322 TO PROVIDE SAFE, RELIABLE, AND AFFORDABLE POWER WHILE IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS 0 0 40643623 39356421 DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 7,420 MEMBERS ON A COOPERATIVE BASIS. 40643623 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 22 0 1 27 1 0 0 0 0 0 0 0 38570446 2073177 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 1 1 IN X AMY RAMSEY 8125472316 1776 10TH STREET PO BOX 219 TELL CITY IN 47586 JEFF VOGEL CHAIRMAN 4.27 X 12300 0 0 MICHELLE LYNCH FORMER VICE CHAIRMAN 3.40 X 10025 0 0 KEVIN WANINGER SECRETARY/TREASURER 3.77 X 10375 0 0 RANDALL KLEAVING DIRECTOR 5.58 X 15500 0 0 GARY WANINGER DIRECTOR 4.88 X 10025 0 0 PHILIP MEYER DIRECTOR 3.47 X 9075 0 0 DIRK STEIN DIRECTOR 4.10 X 10700 0 0 STEVEN SEIBERT PRESIDENT/CEO 50.00 X 190151 0 93606 268151 0 93606 1 0 1 0 ELECTRICOM RIGHT OF WAY SERVICES PO BOX 319 PAOLI IN 47454 TREE TRIMMING 563891 NISC PO BOX 1147 MANDAN ND 58554 SOFTWARE PROVIDER 167494 2 REVENUE-ELECTRIC SALES 221000 38570446 38570446 38570446 669323 669323 108954 0 108954 108954 108954 513001 4076 508925 508925 508925 PATRONAGE CAPITAL 221000 782520 782520 OTHER ELECTRIC SERVICE - LINE MAT 221000 7770 7770 MISC INCOME - AIR EVAC 221000 3759 3759 0 -8074 -8074 785975 40643623 39356421 0 1287202 X 2597775 268151 2028682 968003 PURCHASED POWER 30295683 DEPRECIATION EXPENSE 1713526 MAINTENANCE EXPENSE 935015 TAXES 547425 1289363 40643623 3394344 3684398 3908218 3788038 1409009 1168015 289142 251807 512839 457129 52558523 15736753 37085354 36821770 14096807 14614168 60695713 60785325 4759037 4409320 17061591 15082574 658335 688109 22478963 20180003 X 0 0 568969 937172 37647781 39668150 38216750 40605322 60695713 60785325 X 0 2388572 X X 0 1 X 1 0 2000 2000 2000 1 INDIANA FORE-POLITICAL ACTION COMMITTEE 8888 KEYSTONE CORRSING INDIANAPOLIS IN 46240 351998087 2000 45004 45004 2537977 1254391 1283586 3575271 2402237 1173034 46400271 12080125 34320146 36821770 PATRONAGE CAPITAL 13536492 C PAGRONAGE CAPITAL- OTHER 1077676 C 14614168 CONSUMER ADVANCES FOR CONSTRUCTION 181948 CONSUMER DEPOSITS 68280 ACCUM PROVISION FOR MEDICAL LEAVE 437881 688109 X 40643623 0 40643623 0 40643623 38045849 0 38045849 2597774 2597774 40643623 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: 2018 MARGINS ALLOCATED TO MEMBERS = $2,597,774 X X X 0 0 0 STEVEN SEIBERT PRESIDENT/CEO 190151 0 0 0 0 0 70511 0 23095 0 283757 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: NET MARGINS 2018 ALLOCATED TO MEMBERS 2,597,776. CAPITAL CREDIT RETIREMENTS -577,407. UNCLAIMED CAPITAL CREDITS 368,203. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE PROCESS REGARDING OVERSIGHT OF THE AUDIT FROM PRIOR YEAR.