2016-11-08T15:40:50-06:00 2015-12-31 930623286 AKT LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2015-01-01 350914373 HANCOCK RURAL TELEPHONE CORPORATION DBA NINESTAR CONNECT HANC 3173263131 2243 E MAIN GREENFIELD IN 46140 SCOTT HIATT CHIEF FINANCIAL OFFICER 3173263131 2016-11-04 1 KATHY A GORDON CPA P00016213 5035857774 2016-11-04 2015 2017-02-10 21:41:12Z NINESTAR CONNECT SCOTT HIATT 2243 E MAIN GREENFIELD IN 46140 48341622 0 X WWW.NINESTARCONNECT.COM X 1950 IN PROVIDING SUPERIOR ELECTRIC AND VARIOUS TELECOMMUNICATION PRODUCTS AND SERVICES TO OUR CUSTOMERS. 14 14 24 0 -15362 -48840 0 0 47862595 47934004 183479 184186 25615 32505 48071689 48150695 16000 16000 0 0 618397 668562 0 0 0 41443793 41977737 42078190 42662299 5993499 5488396 110579374 114159162 40474257 38559081 70105117 75600081 PROVIDE ELECTRIC AND VARIOUS TELECOMMUNICATIONS PRODUCTS AND SERVICES TO COOPERATIVE CUSTOMERS IN A 7-COUNTY AREA OF EAST CENTRAL INDIANA. 0 0 PROVIDE ELECTRIC AND TELECOMMUNICATIONS PRODUCTS AND SERVICES TO COOPERATIVE CUSTOMERS IN A 7-COUNTY AREA OF EAST CENTRAL INDIANA. AS OF DECEMBER 31, 2015, THE NUMBER OF ELECTRIC SERVICES TOTALED 13,682 AND THE NUMBER OF TELECOMMUNICATIONS ACCESS LINES TOTALED 5,286. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 106 0 24 1 1 1 0 0 0 0 34762293 1341124 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 1 1 0 IN X SCOTT HIATT 3173263131 2243 E MAIN STREET GREENFIELD IN 46140 PHIL HAYES DIRECTOR 5.00 X 14000 0 0 KIM CRONK DIRECTOR 4.00 X 15400 0 0 DAVID HELLER DIRECTOR 3.00 X 15200 0 0 JOE PAXTON DIRECTOR 4.00 X 15200 0 0 DON SHAW DIRECTOR 3.00 X 13700 0 0 DARRELL THOMAS DIRECTOR 5.00 X 14900 0 0 MARK EVANS SECRETARY/TREASURER 2.00 X X 14200 0 0 STEPHEN VAIL CHAIRMAN 5.00 X X 16800 0 0 RONNIE MOHR DIRECTOR 2.00 X 13050 0 0 JAMES CHERRY VICE CHAIRMAN 1.00 X X 15750 0 0 JAMES GILLETT DIRECTOR 3.00 X 12950 0 0 BEVERLY GARD DIRECTOR 3.00 X 12850 0 0 RICHARD WALKER DIRECTOR 2.00 X 15200 0 0 MIKE BURROW PRESIDENT 52.00 X 200395 0 61441 SCOTT HIATT CFO 52.00 X 167963 0 49563 JAMIE BELL OPERATIONS DIRECTOR 53.00 X 115337 0 29205 RYAN BEWLEY ENGINEERING DIRECTOR 46.00 X 100378 0 32818 773273 0 173027 4 0 1 0 YATES ENGINEERING SERVICES 2536 W INDUSTRIAL PARK BLOOMINGTON IN 47404 ENGINEERING SERVICES 1053477 5 STAR ELECTRIC LLC 170 BEAN CEMETERY ROAD MADISONVILLE KY 42431 CONTRACTOR LABOR AND MATERIALS 215375 JOSEPH W CARR 32545 EARLY RD NEW CARLISLE IN 46552 CONTRACT LABOR 202775 ELECTRICOM LLC PO BOX 319 PAOLI IN 47454 CONTRACT LABOR AND MATERIALS 202133 4 ELECTRIC SERVICES 221100 32121853 32121853 TELECOMMUNICATIONS SERVICES 517000 15812151 15812151 47934004 184186 184186 135970 190927 -54957 -54957 -54957 POLE CONTACT RENTALS 532000 47867 47867 ADVERTISING 541800 39595 39595 87462 48150695 47934004 -15362 232053 X 16000 668562 1435451 6503192 PURCHASED POWER 21776596 PLANT SPECIFIC 3022887 CORPORATE OPERATIONS 2607599 ELECTRIC OPERATIONS AND 2327190 4304822 42662299 5375720 4812579 260000 1620000 5122932 4573412 396562 316877 130426962 57824299 70023152 72602663 25298354 26291494 4102654 3942137 110579374 114159162 5261410 5761319 31690996 29259877 3521851 3537885 40474257 38559081 X 0 0 0 0 70105117 75600081 70105117 75600081 110579374 114159162 X 5488396 6568 X X 0 1 X 1 0 47712 47712 1060917 669323 391594 129318333 57154976 72163357 72602663 CENTRAL INDIANA COMMUNICATIONS 17669277 C NATIONAL TELCOM CORP COMMON STOCK 542000 C RTFC PATRONAGE CREDITS 3107 C PATRONAGE CAPITAL 7164554 C OTHER INVESTMENTS 237967 C CFC INVESTMENTS 674589 C 26291494 POST RETIREMENT BENEFITS 3537885 3537885 X 49834985 1684290 1684290 48150695 0 48150695 43593064 930765 930765 42662299 0 42662299 PART X, LINE 2: THE COOPERATIVE FOLLOWS ACCOUNTING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RELATED TO THE RECOGNITION OF UNCERTAIN TAX POSITIONS. THE COOPERATIVE RECOGNIZES ACCRUED INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF THE INCOME TAX PROVISION, WHEN APPLICABLE. THERE WERE NO AMOUNTS ACCRUED IN THE CONSOLIDATED FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME FROM SUBSIDIARY 753,526. UNRELATED BUSINESS EXPENSES - RENTAL EXPENSE 190,685. INCOME NETTED WITH EXPENSES 740,079. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNRELATED BUSINESS EXPENSES - RENTAL EXPENSE 190,685. EXPENSES NETTED WITH REVENUES 740,080. 1 SCHOLARSHIPS 16 16000 PART I, LINE 2: PROOF OF SCHOOL ENROLLMENT MUST BE SUBMITTED TO THE COOPERATIVE PRIOR TO AWARD DISBURSEMENT. SCHOLARSHIP FUNDS WILL BE APPLIED DIRECTLY TOWARD SCHOOL-RELATED COSTS (TRAVEL AND HOUSING EXCLUDED). DISBURSEMENT OF AWARDS WILL BE MADE DIRECTLY TO THE EDUCATIONAL INSTITUTION UPON RECEIPT OF VERIFICATION OF ENROLLMENT. IN THE EVENT THE SCHOLARSHIP FUNDS ARE NOT AWARDED/CLAIMED WITHIN ONE YEAR FROM THE AWARD DATE, FUNDS WILL BE RETAINED FOR FUTURE SCHOLARSHIP CONSIDERATION. RELATIVES OF DIRECTORS AND OFFICERS ARE NOT CONSIDERED FOR AWARD DISBURSEMENT. X X X 0 0 0 MIKE BURROW PRESIDENT 185000 0 15395 0 0 0 26197 0 35244 0 261836 0 0 0 SCOTT HIATT CFO 167500 0 463 0 0 0 23130 0 26433 0 217526 0 0 0 PHILIP M HAYES BOARD MEMBER 21776596 PHILIP M. HAYES IS A DIRECTOR ON THE BOARD OF HANCOCK RURAL TELEPHONE CORPORATION DBA NINESTAR CONNECT. HE ALSO SERVES ON THE WABASH VALLEY POWER ASSOCIATION BOARD OF DIRECTORS. NINESTAR CONNECT PURCHASED $21,776,596 OF PURCHASED POWER FROM WABASH VALLEY POWER DURING 2015. THE SUPPLY CONTRACT WITH WABASH VALLEY POWER WILL EXPIRE IN 2028. 0 FORM 990, PART VI, SECTION A, LINE 6 EACH MEMBER HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE OR RECEIVE DISTRIBUTIONS OF INCOME OR ASSETS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE COOPERATIVE HAS ONE VOTE. THE VOTE ALLOWS THEM TO ELECT THE BOARD AS WELL AS VOTE ON ANY ISSUE THAT COMES BEFORE THE MEMBERSHIP AT A SPECIAL OR ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B LIMITED TO APPROVING ANY CHANGES MADE TO THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11 THE CFO REVIEWS THE FORM 990 BEFORE IT IS FILED WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS ESTABLISHED A CODE OF BUSINESS ETHICS WHICH, AMONG OTHER THINGS, CONTAINS PROHIBITIONS OF CONFLICT OF INTEREST FOR ALL EMPLOYEES AS DETERMINED BY THE PRESIDENT, CEO, VICE PRESIDENT, GENERAL COUNSEL, AND THE CHAIRMAN OF THE BOARD OF DIRECTORS OF THE COMPANY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION REGULARLY EMPLOYS A SALARY CONSULTANT WHO COMPLETES A SURVEY OF COMPARABLE JOBS WITHIN THE INDUSTRY AND AREA, AND PREPARES SALARY RANGES FOR EACH POSITION IN THE COMPANY. THE BOARD, WITH MANAGEMENT RECOMMENDATION, THEN DETERMINES THE PERCENTILE IN WHICH IT WILL OPERATE WITHIN A SALARY RANGE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E CUSTOMER SERVICE & ASSISTANCE 2,165,695. PLANT NONSPECIFIC 1,487,818. MISCELLANEOUS 651,309. FORM 990, PART XI, LINE 9: NET EQUITY INCOME - SUBSIDIARY 753,526. PATRONAGE PAID -407,634. AMORTIZATION ACCRUED PENSION BENEFIT OBLIGATION -339,324. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR. 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