2026-05-13T14:16:07-05:00 2025-12-31 363163136 LWG CPAS & ADVISORS LLC 101 WEST OHIO STREET STE1401 INDIANAPOLIS IN 46204 990 2025-01-01 350672337 SOUTHEASTERN INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION SOUT 8126894111 712 SOUTH BUCKEYE STREET OSGOOD IN 47037 BRYAN K MATHEWS CEO 8126894111 2026-05-13 1 BRIAN D CHERRY P01355823 3176344747 2025 2025-03-06 01:10:19Z BRYAN K MATHEWS 712 SOUTH BUCKEYE STREET OSGOOD IN 47037 88629597 0 X WWW.SEIREMC.COM X 1939 IN TO PROVIDE ELECTRIC AND BROADBAND SERVICE TO MEMBERS. 9 9 94 0 0 0 0 0 2172951 2369652 101721 81936 35626090 37641499 37900762 40093087 0 0 2761781 2606500 6601520 7301138 0 0 0 28537461 30185449 37900762 40093087 0 0 328848798 336732691 229869941 235826575 98978857 100906116 X THE CORPORATE PURPOSE OF SOUTHEASTERN INDIANA REMC SHALL BE TO RENDER SERVICE(S) TO ITS MEMBERS. NO PERSON SHALL BECOME OR REMAIN A MEMBER OF THE COOPERATIVE UNLESS SUCH PERSON SHALL PURCHASE ELECTRIC SUPPLIED BY THE COOPERATIVE AND SHALL HAVE COMPLIED WITH THE TERMS AND CONDITIONS OF MEMBERSHIP CONTAINED IN THE BYLAWS. 0 0 40093087 0 40093087 THE SALE AND DISTRIBUTION OF ELECTRICITY AND TO PROVIDE BROADBAND SERVICE. 40093087 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 1 0 0 0 1 33 0 94 1 0 0 0 0 0 0 0 0 0 39615828 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X BRYAN K MATHEWS 8126894111 712 SOUTH BUCKEYE STREET OSGOOD IN 47037 MELISSA MENCHHOFER DIRECTOR, PRESIDENT 7.00 X X 15600 0 0 BRADLEY BENTLE DIRECTOR 3.00 X 14800 0 0 VINCE MOSTER DIRECTOR, SECRETARY 5.00 X X 18800 0 0 SHERRY SHAW DIRECTOR 6.00 X 14000 0 0 DAVID W SMITH DIRECTOR 9.00 X 14800 0 0 CASEY MENCHHOFER DIRECTOR, TREASURER 2.00 X X 14000 0 0 MICHALE THIEMAN DIRECTOR, VICE PRESIDENT 4.00 X X 14800 0 0 DARRELL SMITH DIRECTOR 6.00 X 13200 0 0 JESSE MCCLURE DIRECTOR 6.00 X 12800 0 0 BRYAN K MATHEWS CHIEF EXECUTIVE OFFICER (C 52.00 X 321657 0 245309 JAMES B BUHLER VICE PRESIDENT OF FINANCE & ACCOUNTING 48.00 X 149706 0 87690 BRANDON LINVILLE VICE PRESIDENT OF OPERATIO 50.00 X 160139 0 80523 MICHAEL J SUMMERS VICECOMMUNICATIONS PRESIDENT OF STAKING & ENGINEER 46.00 X 158995 0 71382 BRYAN D MILLER VICE PRESIDENT OF I.T. AND 43.00 X 154486 0 80485 JAMES K HANKINS VICE PRESIDENT OF OFFICE S 44.00 X 147379 0 49457 BETTY J MYERS VICE PRESIDENT OF COMMUNICATIONS 49.00 X 145005 0 132559 1370167 0 747405 7 0 1 0 DELTA SERVICES LLC 5100 INTERCHANGE WAY LOUISVILLE KY 40229 ELECTRIC CONSTRUCTION 3166617 PETE'S TRENCHING 3707 IN 39 BROWNSTOWN IN 47220 FIBER CONSTRUCTION 1425032 TOWNSEND TREE SERVICE COMPANY LLC PO BOX 7015 MUNCIE IN 47308 RIGHT-OF-WAY CLEARING 1342279 WRIGHT TREE SERVICE INC PO BOX 735533 DALLAS TX 75373 RIGHT-OF-WAY CLEARING 1331616 COMER CONTRACTOR INC 2620 NORTH US 421 OSGOOD IN 47037 FIBER/ELECTRIC CONSTRUCTION 826898 12 G&T PATRONAGE 221000 2369652 2369652 2369652 81936 81936 79264247 48536510 30727737 30727737 INTERNET/VOICE 237130 6436503 6436503 GENERATORS - DEMAND MGT 221000 477259 477259 6913762 40093087 2928847 0 37164240 X 2606500 2606500 1955993 1955993 3078916 3078916 824697 824697 1087530 1087530 354002 354002 95450 95450 94224 94224 5459635 5459635 139842 139842 1013011 1013011 585827 585827 1309404 1309404 66035 66035 3547368 3547368 214581 214581 5901399 5901399 12585 12585 INTERNET/VOICE 10674898 10674898 TAXES (PROPERTY/OTHER) 711924 711924 MISCELLANEOUS 359266 359266 40093087 40093087 0 0 3768722 1967197 32193597 39074935 5053757 5163809 172749 163605 309012193 54310229 253245919 254701964 34464054 35661181 -50000 0 328848798 336732691 45079353 45265550 1876655 1795961 179975313 185713247 2938620 3051817 229869941 235826575 X 98978857 100906116 0 0 0 0 98978857 100906116 328848798 336732691 X 0 1927259 X 0 1 X 0 0 1500 1 INDIANA ELECTRIC COOPERATIVES STATE PAC 11805 PENNSLYVANIA STREET CARMEL IN 46032 351998089 1500 PART I-C CONTRIBUTIONS TO INDIANA ELECTRIC COOPERATIVES STATE PAC 36009 36009 7411263 564531 6846732 11189935 6411580 4778355 290374986 47334118 243040868 254701964 PATRONAGE CAPITAL FROM ASSOCIATED ORGINIZATIONS 34392031 C CAPITAL TERM CERTIFICATES 1269150 C 35661181 ACCUMULATED POST RETIREMENT BENEFITS 3051817 3051817 X 39358479 0 39358479 734608 734608 40093087 36751979 0 36751979 3341108 3341108 40093087 PART X, LINE 2: NO PROVISIONS INCOME TAX HAS BEEN INCLUDED IN THESE STATEMENTS SINCE THE REMC OPERATES AS A NOT-FOR-PROFIT ORGANIZATION AS PROVIDED FOR IN SECTION 501(C)(12) OF THE INTERNAL REVENUE SERVICE CODE, AND THEREFORE IS EXEMPT FROM INCOME TAXES. THE REMC IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. THE REMC HAS OPEN TAX YEARS 2024, 2023, AND 2022 FOR FEDERAL AND STATE FILINGS. NO INTEREST OR PENALTIES FOR INCOME TAXES HAVE BEEN INCLUDED IN THESE FINANCIAL STATEMENTS. SCHEDULE D PART XI LINE 4B REVENUE FROM OUR GENERAC PROGRAM FOLLOWS PRESCIBED TAX ACCOUNTING BUT NOT GAAP. SCHEDULE D PART XII LINE 4B PATRONAGE CAPITAL ALLOCATED PURSUANT TO OBLIGATION TO PAY CREDITS TO A CAPITAL ACCOUNT FOR EACH MEMBER ALL AMOUNTS IN EXCESS OF OPERATING COST. ALSO, EXPENSES FOR OUR GENERAC PROGRAM FOLLOWS PRESCRIBED TAX ACCOUNTING BUT NOT GAAP. X 0 0 0 BRYAN K MATHEWS CHIEF EXECUTIVE OFFICER (C 321657 0 0 0 0 0 210797 0 34512 0 566966 0 0 0 BETTY J MYERS VICE PRESIDENT OF COMMUNICATIONS 145005 0 0 0 0 0 102618 0 29941 0 277564 0 0 0 BRANDON LINVILLE VICE PRESIDENT OF OPERATIO 160139 0 0 0 0 0 47229 0 33294 0 240662 0 0 0 JAMES B BUHLER VICE PRESIDENT OF FINANCE & ACCOUNTI 149706 0 0 0 0 0 51171 0 36519 0 237396 0 0 0 BRYAN D MILLER VICE PRESIDENT OF I.T. AND 154486 0 0 0 0 0 47546 0 32939 0 234971 0 0 0 MICHAEL J SUMMERS VICECOMMUNICATIONS PRESIDENT OF STAK 158995 0 0 0 0 0 40127 0 31255 0 230377 0 0 0 JAMES K HANKINS VICE PRESIDENT OF OFFICE S 147379 0 0 0 0 0 23316 0 26141 0 196836 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ANY NATURAL PERSONS, FIRM, ASSOCIATION, CORPORATION, BUSINESS TRUST, PARTENERSHIP, LIMITED LIABILITY COMPANY, STATE OR STATE POLITICAL SUBDIVISION, THE UNITED STATES OF AMERICA OR FEDERAL POLITICAL SUBDIVISION, OR OTHER BODY POLITIC (COLLECTIVELY, "PERSON") WILL BECOME A MEMBER IN THE COOPERATIVE UPON RECEIPT OF ELECTRIC SERVICE FROM THE COOPERATIVE, PROVIDED THAT THE APPLICANT HAS FIRST: A. SIGNED A WRITTEN APPLICATION FOR MEMBERSHIP, B.AGREED TO PURCHASE ELECTRIC ENERGY FROM THE COOPERATIVE, C. PAID THE MEMBERSHIP FEE AND ANY SECURITY DEPOSIT AS DETERMINED BY THE COOPERATIVE, D. AGREE TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION AND THE BYLAWS OF THE COOPERATIVE AND THE RULES AND REGULATIONS AS MAY BE ADOPTED BY THE BOARD OF DIRECTORS, E. BEEN ACCEPTED INTO MEMBERSHIP BY ACTION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE ANNUAL MEETING OF THE MEMBERS SHALL BE HELD BETWEEN THE 1ST DAY OF MARCH AND THE 31ST DAY OF OCTOBER ON THE DATE OR DATES AS THE BOARD OF DIRECTORS SHALL DETERMINE EACH YEAR, AND BE HELD AT A PLACE AS SHALL BE DESIGNATED IN THE NOTICE OF THE MEETING FOR THE PURPOSE OF ELECTING DIRECTORS, PASSING UPON REPORTS COVERING THE PREVIOUS FISCAL YEAR AND TRANSACTING THE OTHER BUSINESS PROPERLY BEFORE THE MEETING. FORM 990, PART VI, SECTION A, LINE 7B SEE LINE 7A EXPLANATION. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF THE 990 IS PLACED ON THE BOARD MEETING AGENDA. THE CEO AND VICE PRESIDENT OF FINANCE AND ACCOUNTING REVIEW THE 990 WITH THE BOARD USING ELECTRONIC DEVICES TO DISCUSS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REVIEW OF CONFLICT OF INTEREST POLICY WITH BOARD. POLICY REVIEW FORM SIGNED ANNUALLY AFTER POLICY REVIEW BY DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY OF THE CEO IS SET BY THE BOARD ON AN ANNUAL BASIS USING THE COMPARABLE FARI MARKET VALUE FOR THE PURPOSE AS DETERMINED BY THE WAGE AND SALARY CONSULTANT. THE CEO IS CURRENTLY COMPENSATED AT 93.26% OF THE AVERAGE FAIR MARKET COMPENSATION AS DETERMINED BY THE WAGE AND SALARY CONSULTANT. WAGE AND SALARY PLAN DEVELOPED BY WAGE AND SALARY CONSULTANT AND UPDATED ANNUALLY FOR NON-BARGAINING UNIT EMPLOYEES. THE BOARD REVIEWS IN SEPTEMBER FOR FOLLOWING YEAR. WAGE AND SALARY CONSULTANT USES NRECA AND OTHER NATIONAL DATABASES TO DETERMINE MARKET VALUE FOR EACH POSITION BASED ON 5 CRITERIA OF POSITION RESPONSIBILITY. BOARD DETERMINES WHERE TO PLACE COOPERATIVE WAGE AND SALARY PLAN. ON AVERAGE, FOR THE NON-BARGAINING UNIT EMPLOYESS THE RENUMERATION IS 92.20% OF THE CURRENT FAIR MARKET VALUE OF THE COVERED POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 COOPERATIVE ARTICLES OF INCORPORATION ARE FILED WITH THE STATE OF INDIANA AND AVAILABLE FOR PUBLIC INSPECTION. COOPERATIVE BYLAWS ARE GIVEN TO NEW MEMBERS OR AVAILABLE ON REQUEST BY ANY MEMBER. POLICIES ARE GENERALLY NOT MADE AVAILABLE TO THE PUBLIC BUT ARE ACCESSIBLE ON THE NETWORK TO ANY EMPLOYEE OR DIRECTOR. END OF YEAR FINANCIAL STATEMENTS ARE PUBLISHED IN ANNUAL REPORT AND PUBLISHED ON WWW.SEIREMC.COM. AUDITED AND UNAUDITED END OF YEAR FINANCIAL STATEMENTS ARE SENT TO THE U.S. DEPARTMENT OF AGRICULTURE RURAL UTILITY SERVICE ANNUALLY AND ARE SUBJECT TO THE FREEDOM OF INFORMATION ACT. FORM 990, PART IX, LINE 11G RIGHT-OF-WAY: PROGRAM SERVICE EXPENSES 5,013,477. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,013,477. OPERATIONS & MAINTENANCE - OVERHEAD AND UNDERGOUND: PROGRAM SERVICE EXPENSES 446,158. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 446,158. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ALLOCATED 2,201,153. REEASSIGNMENT OF PATRONAGE CAPITAL FROM PREVIOUS YEARS 0. UNREALIZED NET PERIODIC POST-RETIREMENT BENEFIT COST -235,083. PATRONAGE CAPITAL RETIRED -38,811. PART IXG OTHER EXPENSES TOTAL $5,459,635 OF WHICH $5,013,477 IS THE RIGHT-OF-WAY PROGRAM. THE REMAINING $466,158 WAS SPENT FOR OPERATIONS AND MAINTENANCE OF OUR OVERHEAD AND UNDERGROUND LINES, CONNECTS/DISCONNECTS, REGULATORY COMISSION, AND MAINTENANCE OF BUILDINGS AND GROUNDS, AND MAINTENANCE OF EQUIPMENT. SOUTHEASTERN INDIANA REMC COMMUNITY FUND INC 712 SOUTH BUCKEYE STREET OSGOOD IN 47037 OPERATION ROUND-UP IN 62794