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Nonprofiteer
← SOUTHEASTERN INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION

Form 990 for tax year 2025

Filed by SOUTHEASTERN INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION.

Totals

Total revenue
$40,093,087
Total expenses
$40,093,087
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,369,652
Investment income
$81,936
Other revenue
$37,641,499
Total assets, end of year
$336,732,691
Total liabilities, end of year
$235,826,575
Net assets or fund balances, end of year
$100,906,116
Program services expenses (Part IX)
$40,093,087
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$40,093,087

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: G&T PATRONAGE

    total $2,369,652 · related or exempt $2,369,652

  • 4 · Income from investment of tax-exempt bond proceeds

    total $81,936 · related or exempt $81,936

  • 10a · Gross sales of inventory

    $79,264,247

  • 10b · Cost of goods sold

    $48,536,510

  • 10c · Net income from sales of inventory

    total $30,727,737 · excluded $30,727,737

  • 11a · Other revenue: INTERNET/VOICE

    total $6,436,503 · excluded $6,436,503

  • 11b · Other revenue: GENERATORS - DEMAND MGT

    total $477,259 · related or exempt $477,259

  • 11e · Other revenue, total

    $6,913,762

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,606,500 · program services $2,606,500

  • 5 · Compensation of officers, directors and key employees

    total $1,955,993 · program services $1,955,993

  • 7 · Other salaries and wages

    total $3,078,916 · program services $3,078,916

  • 8 · Pension plan contributions

    total $824,697 · program services $824,697

  • 9 · Other employee benefits

    total $1,087,530 · program services $1,087,530

  • 10 · Payroll taxes

    total $354,002 · program services $354,002

  • 11b · Fees: legal

    total $95,450 · program services $95,450

  • 11c · Fees: accounting

    total $94,224 · program services $94,224

  • 11g · Fees: other

    total $5,459,635 · program services $5,459,635

  • 12 · Advertising and promotion

    total $139,842 · program services $139,842

  • 13 · Office expenses

    total $1,013,011 · program services $1,013,011

  • 14 · Information technology

    total $585,827 · program services $585,827

  • 17 · Travel

    total $1,309,404 · program services $1,309,404

  • 19 · Conferences, conventions and meetings

    total $66,035 · program services $66,035

  • 20 · Interest

    total $3,547,368 · program services $3,547,368

  • 21 · Payments to affiliates

    total $214,581 · program services $214,581

  • 22 · Depreciation, depletion and amortization

    total $5,901,399 · program services $5,901,399

  • 23 · Insurance

    total $12,585 · program services $12,585

  • 24a · Other expenses: INTERNET/VOICE

    total $10,674,898 · program services $10,674,898

  • 24b · Other expenses: TAXES (PROPERTY/OTHER)

    total $711,924 · program services $711,924

  • 24c · Other expenses: MISCELLANEOUS

    total $359,266 · program services $359,266

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,768,722 · end of year $1,967,197

  • 4 · Accounts receivable

    beginning of year $32,193,597 · end of year $39,074,935

  • 8 · Inventories for sale or use

    beginning of year $5,053,757 · end of year $5,163,809

  • 9 · Prepaid expenses and deferred charges

    beginning of year $172,749 · end of year $163,605

  • 10a · Land, buildings and equipment: cost or other basis

    $309,012,193

  • 10b · Land, buildings and equipment: accumulated depreciation

    $54,310,229

  • 10c · Land, buildings and equipment, net

    beginning of year $253,245,919 · end of year $254,701,964

  • 13 · Investments: program-related

    beginning of year $34,464,054 · end of year $35,661,181

  • 15 · Other assets

    beginning of year -$50,000 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,079,353 · end of year $45,265,550

  • 19 · Deferred revenue

    beginning of year $1,876,655 · end of year $1,795,961

  • 24 · Unsecured notes and loans payable

    beginning of year $179,975,313 · end of year $185,713,247

  • 25 · Other liabilities

    beginning of year $2,938,620 · end of year $3,051,817

  • 29 · Capital stock, trust principal or current funds

    beginning of year $98,978,857 · end of year $100,906,116

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2025

Mission

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.

Activities or mission (Part I)

TO PROVIDE ELECTRIC AND BROADBAND SERVICE TO MEMBERS.

  • THE SALE AND DISTRIBUTION OF ELECTRICITY AND TO PROVIDE BROADBAND SERVICE.

    Expenses $40,093,087 · Revenue $40,093,087

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Melissa Menchhofer

    DIRECTOR, PRESIDENT

    Total calculated
    $15,600
    From this org
    $15,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Bradley Bentle

    DIRECTOR

    Total calculated
    $14,800
    From this org
    $14,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Vince Moster

    DIRECTOR, SECRETARY

    Total calculated
    $18,800
    From this org
    $18,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Sherry Shaw

    DIRECTOR

    Total calculated
    $14,000
    From this org
    $14,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • David W Smith

    DIRECTOR

    Total calculated
    $14,800
    From this org
    $14,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • Casey Menchhofer

    DIRECTOR, TREASURER

    Total calculated
    $14,000
    From this org
    $14,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michale Thieman

    DIRECTOR, VICE PRESIDENT

    Total calculated
    $14,800
    From this org
    $14,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Darrell Smith

    DIRECTOR

    Total calculated
    $13,200
    From this org
    $13,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jesse McClure

    DIRECTOR

    Total calculated
    $12,800
    From this org
    $12,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Bryan K Mathews

    CHIEF EXECUTIVE OFFICER (C

    Total calculated
    $566,966
    From this org
    $321,657
    From related orgs
    $0
    Other
    $245,309
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $321,657
    Bonus
    $0
    Other
    $0
    Deferred
    $210,797
    Nontaxable benefits
    $34,512
    Filer's total
    $566,966

  • James B Buhler

    VICE PRESIDENT OF FINANCE & ACCOUNTING

    Total calculated
    $237,396
    From this org
    $149,706
    From related orgs
    $0
    Other
    $87,690
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $149,706
    Bonus
    $0
    Other
    $0
    Deferred
    $51,171
    Nontaxable benefits
    $36,519
    Filer's total
    $237,396

  • Brandon Linville

    VICE PRESIDENT OF OPERATIO

    Total calculated
    $240,662
    From this org
    $160,139
    From related orgs
    $0
    Other
    $80,523
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $160,139
    Bonus
    $0
    Other
    $0
    Deferred
    $47,229
    Nontaxable benefits
    $33,294
    Filer's total
    $240,662

  • Michael J Summers

    VICECOMMUNICATIONS PRESIDENT OF STAKING & ENGINEER

    Total calculated
    $230,377
    From this org
    $158,995
    From related orgs
    $0
    Other
    $71,382
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $158,995
    Bonus
    $0
    Other
    $0
    Deferred
    $40,127
    Nontaxable benefits
    $31,255
    Filer's total
    $230,377

  • Bryan D Miller

    VICE PRESIDENT OF I.T. AND

    Total calculated
    $234,971
    From this org
    $154,486
    From related orgs
    $0
    Other
    $80,485
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $154,486
    Bonus
    $0
    Other
    $0
    Deferred
    $47,546
    Nontaxable benefits
    $32,939
    Filer's total
    $234,971

  • James K Hankins

    VICE PRESIDENT OF OFFICE S

    Total calculated
    $196,836
    From this org
    $147,379
    From related orgs
    $0
    Other
    $49,457
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $147,379
    Bonus
    $0
    Other
    $0
    Deferred
    $23,316
    Nontaxable benefits
    $26,141
    Filer's total
    $196,836

  • Betty J Myers

    VICE PRESIDENT OF COMMUNICATIONS

    Total calculated
    $277,564
    From this org
    $145,005
    From related orgs
    $0
    Other
    $132,559
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $145,005
    Bonus
    $0
    Other
    $0
    Deferred
    $102,618
    Nontaxable benefits
    $29,941
    Filer's total
    $277,564

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SOUTHEASTERN INDIANA REMC COMMUNITY FUND INC

    OPERATION ROUND-UP · IN · assets $62,794

Provenance

Return type
form_990
Tax year
2025
Filed
13 May 2026
IRS schema version
2025v4.1
Source object
202601339349306450

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