2023-05-10T15:41:44-05:00 2022-12-31 363163136 LONDON WITTE GROUP LLC 1776 N MERIDIAN ST STE 500 INDIANAPOLIS IN 46202 990 2022-01-01 350672337 SOUTHEASTERN INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION SOUT 8126894111 712 SOUTH BUCKEYE STREET OSGOOD IN 47037 BRYAN K MATHEWS GENERAL MANAGER 8126894111 2023-05-10 1 BRYAN MATHEWS 999009999 0 BRIAN D CHERRY P01355823 3176344747 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRYAN K MATHEWS 712 SOUTH BUCKEYE STREET OSGOOD IN 47037 78037249 0 X WWW.SEIREMC.COM X 1939 IN TO PROVIDE ELCTRIC SERVICE TO MEMBERS. 9 9 87 0 645813 0 0 0 1821051 2431099 336955 150951 30184121 30395018 32342127 32977068 0 0 3234295 4006679 5647496 5743493 0 0 0 23460336 23226896 32342127 32977068 0 0 229046721 258114431 141104646 166625474 87942075 91488957 X THE CORPORATE PURPOSE OF SOUTHEASTERN INDIANA REMC SHALL BE TO RENDER SERVICE(S) TO IT'S MEMBERS. NO PERSON SHALL BECOME OR REMAIN A MEMBER OF THE COOPERATIVE UNLESS SUCH A 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 32977068 32977068 THE SALE AND DISTRIBUTION OF ELECTRICITY 32977068 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 17 0 87 1 1 1 0 0 0 0 0 0 32486409 646547 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 JESSE MCCLURE DIRECTOR, SECRETARY 5.00 X 13150 0 0 MICHAEL THIEMAN DIRECTOR, PRESIDENT 5.00 X 16900 0 0 BRADLEY BENTLE DIRECTOR 4.00 X 16050 0 0 CASEY MENCHHOFER DIRECTOR 2.00 X 13950 0 0 MELISSA MENCHHOFER DIRECTOR 7.00 X 17650 0 0 BONNIE BOGGS DIRECTOR 3.00 X 14300 0 0 DARRELL SMITH DIRECTOR 4.00 X 13900 0 0 DAVID SMITH DIRECTOR 9.00 X 14300 0 0 VINCE MOSTER DIRECTOR, TREASURER 3.00 X 12750 0 0 BRYAN K MATHEWS GENERAL MANAGER 54.00 X 242377 0 161053 JAMES BUHLER DIRECTOR OF FINANCE & ACCO 46.00 X 126850 0 82256 BRANDON LINVILLE DIRECTOR OF OPERATIONS 54.00 X 137502 0 83279 MICHAEL SUMMERS DIRECTOR OF STAKING & ENGI 48.00 X 135025 0 63683 BRYAN MILLER DIRECTOR OF IT AND KEY ACC 44.00 X 129376 0 75465 KENDALL HANKINS DIRECTOR OF OFFICE SERVICES 41.00 X 123052 0 44015 BRANDON KEITH LINEMAN 48.00 X 121035 0 46929 1148167 0 556680 25 0 1 0 PULSE BROADBAND LLC (NRTC) PO BOX 76523 BALTIMORE MD 212756523 BROADBAND SERVICES 11590888 THE FISHEL COMPANY DEPARTMENT L-2478 COLUMBUS OH 43260 FIBER CONSTRUCTION 10267231 ELECTRICOM LLC PO BOX 319 PAOLI IN 47454 FIBER CONSTRUCTION 8105433 DELTA SERVICES LLC 4676 JENNINGS LANE LOUISVILLE KY 40218 ELECTRIC CONSTRUCTION 4862654 TOWNSEND TREE SERVICE INC PO BOX 7015 MUNCIE IN 47308 RIGHT-OF-WAY CLEARING 3260970 19 GENERATION & TRANSMISSION PATRONA 221000 2431099 2431099 2431099 150951 150951 71247220 45060181 26187039 26187039 INTERNET/VOICE 237130 3562166 3562166 GENERATOR - DEMAND MANAGEMENT 221000 645813 645813 4207979 32977068 6144216 645813 26187039 X 4006679 4006679 1626026 1626026 2271814 2271814 718929 718929 818075 818075 308649 308649 20045 20045 26561 26561 6437143 6437143 191778 191778 1595924 1595924 573203 573203 935779 935779 32954 32954 2566429 2566429 201555 201555 5013093 5013093 20480 20480 INTERNET/VOICE 3643531 3643531 MISCELLANEOUS 881448 881448 PROPERTY TAX 566000 566000 UTILITY RECEIPTS TAX 520973 520973 32977068 32977068 0 0 -1 6089361 6756521 46744024 26107516 13918483 21479365 151844 141107 190961966 40553668 129992605 150408298 32150405 53221624 229046721 258114431 56406414 38052157 1231230 1374170 79352111 123899425 4114891 3299722 141104646 166625474 X 87942075 91488957 0 0 0 0 87942075 91488957 229046721 258114431 X 0 3546883 X 0 1 X 0 0 2000 1 INDIANA FORE 8888 KEYSTONE CROSSING STE 1600 INDIANAPOLIS IN 46240 351998087 2000 36009 36009 7292927 176745 7116182 11337159 4199030 7138129 172295871 36177893 136117978 150408298 PATRONAGE CAPITAL FROM ASSOCIATED ORGINIZATIONS 31133128 C CAPITAL TERM CERTIFICATES 1399720 C NON-UTILTY PLANT (FIBER CONSTRUCTION) 20688776 C 53221624 ACCUMULATED POST RETIREMENT BENEFITS 3299722 3299722 X 31688793 0 31688793 1288275 1288275 32977068 27682113 0 27682113 5294955 5294955 32977068 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 2021, 2020, 2019 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 GENERAL MANAGER 237913 0 0 0 4464 0 131719 0 29334 0 403430 0 0 0 BRANDON LINVILLE DIRECTOR OF OPERATIONS 134261 0 0 0 3241 0 56494 0 26785 0 220781 0 0 0 JAMES BUHLER DIRECTOR OF FINANCE & ACCO 124283 0 0 0 2567 0 51047 0 31209 0 209106 0 0 0 BRYAN MILLER DIRECTOR OF IT AND KEY ACC 126808 0 0 0 2568 0 47284 0 28181 0 204841 0 0 0 MICHAEL SUMMERS DIRECTOR OF STAKING & ENGI 131767 0 0 0 3258 0 40685 0 22998 0 198708 0 0 0 BRANDON KEITH LINEMAN 119114 0 0 0 1921 0 16762 0 30167 0 167964 0 0 0 KENDALL HANKINS DIRECTOR OF OFFICE SERVICES 120631 0 0 0 2421 0 22567 0 21448 0 167067 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 PLOITICAL 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 PLACED ON THE BOARD MEETING AGENDA. GENERAL MANAGER AND DIRECTOR OF FINANCE AND ACCOUNTING REVIEW 990 USING IPADS TO DISCUSS THE 990 FORM TO BE FILED. 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 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 COOP WAGE AND SALARY PLAN. ON AVERAGE, FOR THE NON-BARGAINING UNIT EMPLOYESS THE RENUMERATION IS 94.86% OF THE CURRENT FAIR MARKET VALUE OF THE COVERED POSITIONS. THE SALARY OF THE GENERAL MANAGER IS SET BY THE BOARD ON AN ANNUAL BASIS USING THE COMPARABLE FAIR MARKET VALUE FOR THE PURPOSE AS DETERMINED BY THE WAGE AND SALARY CONSULTANT. THE GENERAL MANAGER IS CURRENTLY COMPENSATED AT 90.19% OF THE AVERAGE FAIR MARKET COMPENSATION AS DETERMINED BY THE WAGE AND SALARY CONSULTANT. FORM 990, PART VI, SECTION C, LINE 19 COOP ARTICLES OF INCORPORATION ARE FILED WITH THE STATE OF INDIANA AND AVAILABLE FOR PUBLIC INSPECTION. COOP BYLAWS ARE GIVEN TO NEW MEMBERS OR AVAILABLE ON REQUEST BY ANY MEMBER. POLICIES ARE GENERALLY NOT MADE AVAILABLE TO THE PUBLIC BT 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 UNADITED 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 5,733,459. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,733,459. OPERATIONS & MAINTENANCE - OVERHEAD AND UNDERGOUND: PROGRAM SERVICE EXPENSES 703,684. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 703,684. FORM 990, PART XI, LINE 9: PATRONAGE CAPITAL ALLOCATED 4,006,679. REEASSIGNMENT OF PATRONAGE CAPITAL FROM PREVIOUS YEARS 364,272. UNREALIZED NET PERIODIC POST-RETIREMENT BENEFIT COST 690,311. PATRONAGE CAPITAL RETIRED -1,514,379. SOUTHEASTERN INDIANA REMC COMMUNITY FUND INC 712 SOUTH BUCKEYE STREET OSGOOD IN 47037 OPERATION ROUND-UP IN 85525 PART I (1) SOUTHEASTERN INDIANA REMC COMMUNITY FUND, INC IS A PROGRAM OUR MEMBERS PARTICIPATE TO "ROUND-UP" THEIR MONTHLY BILL TO THE NEXT WHOLE DOLLAR. THESE FUNDS ARE THEN DISTRIBUTED TWO TIMES PER YEAR TO QUALIFIED 501(C) ORGANIZATIONS SELECTED BY THE COMMUNITY FUND BOARD OF DIRECTORS. THESE FUNDS ARE HELD AS A LIABILITY ON SOUTHEASTERN INDIANA REMC'S BOOKS.