2025-10-29T09:49:44-05:00 2024-12-31 930623286 ALDRICH CPAS AND ADVISORS LLP 680 HAWTHORNE AVE SE 140 SALEM OR 97301 990 2024-01-01 350914373 HANCOCK RURAL TELEPHONE CORPORATION DBA NINESTAR CONNECT HANC 3173263131 2243 E MAIN GREENFIELD IN 46140 SCOTT HIATT SENIOR VICE PRESIDENT 3173263131 2025-10-28 1 0 RYAN M JOHNSON CPA P01048788 5035857774 2025-10-28 2024 2025-03-06 01:10:19Z NINESTAR CONNECT SCOTT HIATT 2243 E MAIN GREENFIELD IN 46140 71522698 0 X WWW.NINESTARCONNECT.COM X 1950 IN PROVIDING SUPERIOR ELECTRIC AND VARIOUS TELECOMMUNICATION PRODUCTS AND SERVICES TO OUR CUSTOMERS. 13 13 16 0 17936 0 0 0 60140856 63971360 900882 1519954 758094 1585373 61799832 67076687 13000 24000 1906307 1651887 1724485 2349876 0 0 0 54570340 58763152 58214132 62788915 3585700 4287772 256602138 276204374 62782970 71778857 193819168 204425517 PROVIDE VARIOUS ELECTRIC, TELECOMMUNICATIONS, WATER, AND SEWER PRODUCTS AND SERVICES TO COOPERATIVE CUSTOMERS IN A 8-COUNTY AREA OF EAST CENTRAL INDIANA. 0 0 62788915 24000 PROVIDES ELECTRIC, TELECOMMUNICATIONS, WATER AND SEWER PRODUCTS AND SERVICES TO COOPERATIVE CUSTOMERS IN A 8-COUNTY AREA OF EAST CENTRAL INDIANA. AS OF DECEMBER 31, 2024, THE NUMBER OF ELECTRIC SERVICES TOTALED 19,338, 11,866 BROADBAND CUSTOMERS, 1,283 WATER CUSTOMERS AND 139 SEWER UTILITY CUSTOMERS. 62788915 0 0 0 0 0 0 0 0 0 1 1 0 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 1 1 1 0 0 1 113 0 16 1 1 1 0 0 0 0 0 0 54373036 6807600 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 IN X SCOTT HIATT 3173263131 2243 E MAIN GREENFEILD IN 46140 RAYMOND KERKHOF CHAIRMAN 7.00 X X 21300 0 0 STEPHEN VAIL DIRECTOR 1.00 X 5925 0 0 CHARLES KENNEDY VICE CHAIRMAN 7.00 X X 18650 0 0 JAN COCHARD DIRECTOR 6.00 X 14775 0 0 MARK EVANS SECRETARY/TREASURER 4.00 X X 18050 0 0 JACK NEGLEY DIRECTOR 6.00 X 17700 0 0 PHILIP HAYES DIRECTOR 7.00 X 18200 0 0 SUSAN BODKIN DIRECTOR 3.00 X 17700 0 0 THOMAS ORDING DIRECTOR 5.00 X 17700 0 0 JOSEPH PAXTON DIRECTOR 5.00 X 17700 0 0 SCOTT PITTMAN DIRECTOR 6.00 X 17700 0 0 ROBIN RICHEY DIRECTOR 7.00 X 17700 0 0 TIMOTHY BRYANT DIRECTOR 4.00 X 17700 0 0 DARRELL THOMAS DIRECTOR EMERTITUS 4.00 X 5850 0 0 RICHARD GRIFFIN DIRECTOR 5.00 X 17700 0 0 MIKE BURROW PRESIDENT & CEO 50.00 X 387421 0 123082 SCOTT HIATT SENIOR VICE PRESIDENT 48.00 X 244907 0 87914 REGINA BEVER VP OF ADMINISTRATION 44.00 X 188527 0 59303 GEORGE PLISINSKI VP OF ENGINEERING 49.00 X 0 172904 51379 ROSS FERSON CHIEF TECHNOLOGY OFFICER 47.00 X 198801 0 69109 SARA PECHIN VP OF HUMAN RESOURCES 44.00 X 0 191431 35900 THOMAS NANCE VP OF OPERATIONS 49.00 X 165908 0 58471 BRADLEY RENNIER VP OF FINANCE 47.00 X 0 61449 9020 JULIE LYNCH DIRECTOR OF SALES 45.00 X 0 197230 43397 BRYAN GIDDINGS LEAD LINEMAN 51.00 X 165131 0 40341 SHIRA DANKER DIRECTOR OF SECURITY SERVICES 47.00 X 0 146602 47609 KORY CHAPMAN LEAD LINEMAN 48.00 X 145090 0 52889 AUSTIN GEARLDS LEAD LINEMAN 47.00 X 144057 0 36915 1884192 769616 715329 25 0 1 0 LYKINS CONTRACTING LLC 12783 N SR 101 SUNMAN IN 47041 CONTRACT LABOR AND MATERIALS 3356652 ELECTRICOM LLC PO BOX 319 PAOLI IN 47454 CONTRACT LABOR AND MATERIALS 1193192 MARK-IT-RIGHT LLC PO BOX 309 DANVILLE IN 46122 CONTRACT LABOR - LOCATES 1042296 HOOSIER EDISON LINE COMPANY 4301 N 800 W SHARPSVILLE IN 46068 CONTRACT LABOR 525955 TREECORE LLC PO BOX 353 HARBERT MI 49115 CONTRACT LABOR 397630 11 ELECTRIC SERVICES 221100 50895934 50895934 TELECOMMUNICATIONS SERVICES 517000 11618719 11618719 WATER REVENUE 221100 1300541 1300541 SEWER REVENUE 221100 156166 156166 63971360 1164414 1164414 658848 646957 11891 11891 11891 4154594 3799054 355540 355540 355540 G&T ALLOCATED MARGINS 517000 1519607 1519607 POLE CONTACT RENTALS 532000 47830 47830 ADVERTISING 541800 6045 6045 1573482 67076687 65846507 17936 1212244 24000 24000 1651887 1651887 2349876 2349876 2099732 2099732 8322142 8322142 PURCHASED POWER 31090785 31090785 ELECTRIC OPERATIONS AND 5532821 5532821 CORPORATE OPERATIONS 3568319 3568319 PLANT SPECIFIC 2839446 2839446 5309907 5309907 62788915 62788915 0 0 11158553 5185077 1820879 4305725 6947345 7447997 289409 356224 202408114 88682956 98332042 113725158 126752213 135120490 11301697 10063703 256602138 276204374 12479508 17869108 6000000 3904785 42142177 48209211 2161285 1795753 62782970 71778857 X 0 0 0 0 193819168 204425517 193819168 204425517 256602138 276204374 X 4287772 2275979 4042598 X X 0 1 X 1 0 518143 518143 1710619 958684 751935 200179352 87724272 112455080 113725158 CENTRAL INDIANA COMMUNICATIONS 90137053 C NATIONAL TELCOM CORP COMMON STOCK 2465143 C PATRONAGE CAPITAL 14276470 C OTHER INVESTMENTS 1087805 C HELD TO MATURITY SECURITIES 6183815 C MARKETABLE SECURITIES 20970204 F 135120490 POST RETIREMENT BENEFITS 1795753 1795753 X 74072162 2275979 4719496 6995475 67076687 0 67076687 62144019 1006991 1006991 61137028 1651887 1651887 62788915 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 3,712,505. UNRELATED BUSINESS EXPENSES - RENTAL EXPENSE 646,957. INCOME NETTED WITH EXPENSES 360,034. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNRELATED BUSINESS EXPENSES - RENTAL EXPENSE 646,957. EXPENSES NETTED WITH REVENUES 360,034. PART XII, LINE 4B - OTHER ADJUSTMENTS: PAYMENT OF CAPITAL CREDITS 1,651,887. 1 SCHOLARSHIPS 12 24000 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 & CEO 328000 0 40000 0 19421 0 123082 0 0 0 510503 0 0 0 SCOTT HIATT SENIOR VICE PRESIDENT 223550 0 16700 0 4657 0 87914 0 0 0 332821 0 0 0 ROSS FERSON CHIEF TECHNOLOGY OFFICER 182335 0 12000 0 4466 0 69109 0 0 0 267910 0 0 0 REGINA BEVER VP OF ADMINISTRATION 166934 0 10750 0 10843 0 59303 0 0 0 247830 0 0 0 JULIE LYNCH DIRECTOR OF SALES 0 117890 0 6200 0 73140 43397 0 0 0 43397 197230 0 0 SARA PECHIN VP OF HUMAN RESOURCES 0 168480 0 12250 0 10701 35900 0 0 0 35900 191431 0 0 THOMAS NANCE VP OF OPERATIONS 151525 0 10500 0 3883 0 58471 0 0 0 224379 0 0 0 GEORGE PLISINSKI VP OF ENGINEERING 0 151525 0 11100 0 10279 51379 0 0 0 51379 172904 0 0 BRYAN GIDDINGS LEAD LINEMAN 130000 0 6900 0 28231 0 40341 0 0 0 205472 0 0 0 KORY CHAPMAN LEAD LINEMAN 100818 0 2100 0 42172 0 52889 0 0 0 197979 0 0 0 SHIRA DANKER DIRECTOR OF SECURITY SERVICES 0 100818 0 2100 0 43684 47609 0 0 0 47609 146602 0 0 AUSTIN GEARLDS LEAD LINEMAN 106038 0 2100 0 35919 0 36915 0 0 0 180972 0 0 0 PHILLIP HAYES BOARD MEMBER 31090785 PHILIP HAYES IS A MEMBER OF THE BOARD FOR HANCOCK RURAL TELEPHONE CORPORATION DBA NINESTAR CONNECT. HE ALSO SERVES ON THE WABASH VALLEY POWER ALLIANCE BOARD OF DIRECTORS. NINESTAR CONNECT PURCHASED $31,090,785 OF PURCHASED POWER FROM WABASH VALLEY POWER DURING 2024. 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 11B THE BOARD RECEIVED AND REVIEWED A COPY OF THE FORM 990 PRIOR TO ITS FILING AND THE CFO SEPARATELY 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 XI, LINE 9: NET EQUITY INCOME - SUBSIDIARY 3,712,505. AMORTIZATION ACCRUED PENSION BENEFIT OBLIGATION 318,372. EXCISE TAX REFUNDS RECEIVED 11,721. FORM 990, PART XII, LINE 2C NO CHANGE FROM THE PRIOR YEAR. RHSC LLC 2243 E MAIN GREENFIELD IN 46140 351566736 REAL ESTATE IN CENTRAL INDIANA COMMUNICATIONS INC ARGOS RADAR SOLUTIONS LLC 2243 E MAIN GREENFIELD IN 46140 351566736 IT SERVICES IN CENTRAL INDIANA COMMUNICATIONS INC JOHNSON COUNTY FIBER NETWORK LLC 750 INTERNATIONAL DRIVE FRANKLIN IN 46131 461533898 TELECOMMUNICATION SERVICES IN RELATED 235103 972124 0 0 CENTRAL INDIANA COMMUNICATIONS INC 2243 EAST MAIN GREENFIELD IN 46140 351566736 TELECOMMUNICATION SERVICES IN C 26527935 114022449 0 CENTRAL INDIANA UTILITIES INC 2243 EAST MAIN GREENFIELD IN 46140 824538756 PAYROLL SERVICES IN C 681 35215 0 CENTRAL INDIANA POWER INC 2243 EAST MAIN GREENFIELD IN 46140 274101168 ELECTRIC SERVICES IN C 113173 572074 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 CENTRAL INDIANA COMMUNICATIONS INC A 658848 ACTUAL COST CENTRAL INDIANA COMMUNICATIONS INC R 520213 ACTUAL COST