NonprofitsHeartland Rural Electric Membership Corporation

Mutual & Membership Benefit

Heartland Rural Electric Membership Corporation

MARKLE, IN

Total revenue

$89.9M

Total expenses

$78.8M

Net assets

$104.7M

Grants received

EIN

471911282

Tax year

2024

Mission

Sale of electricity and broadband internet to members of heartland remc.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$84.3M
Investment income$736K
Other revenue$4.8M
Total revenue$89.9M

Expenses

Grants paid
Salaries & benefits$1.7M
Fundraising
Other expenses$77.1M
Total expenses$78.8M
Total assets$203.9M
Net assets$104.7M

People

19 listed

NameRoleCompensation

COLT BURNAU

CEO

Board

$268K

40 hrs/wk

WILLIAM DYE

CFO

Board

$138K

40 hrs/wk

D'ANN STOUFFER

DIRECTOR

Board

$20K

7 hrs/wk

MATTHEW QUICKERY

VICE PRESIDENT

Board

$19K

6 hrs/wk

DOUG WILCOX

PRESIDENT

Board

$18K

5 hrs/wk

RALPH KEEFER

DIRECTOR

Board

$18K

6 hrs/wk

LAURA COLE

ASSISTANT SECR/TREASAS

Board

$18K

7 hrs/wk

ADAM FUSSELMAN

DIRECTOR

Board

$18K

5 hrs/wk

ROBERT HIPPENSTEEL

DIRECTOR

Board

$17K

4 hrs/wk

JOH SMITH

DIRECTOR

Board

$17K

7 hrs/wk

TED MARTZ

DIRECTOR

Board

$17K

5 hrs/wk

ROBERT HIPPENSTEEL

DIRECTOR

Board

$17K

4 hrs/wk

ALAN SCHLAGENHAUF

DIRECTOR

Board

$17K

8 hrs/wk

JASON DAWES

SECRETARY/TREASURER

Board

$16K

4 hrs/wk

ERIC LAYMON

MANAGER ENG & OPER

Staff

$157K

40 hrs/wk

MIKE KELSEY

OPERATIONS SUPERVISOR

Staff

$134K

40 hrs/wk

BRAD COUCH

SERVICEMAN

Staff

$132K

40 hrs/wk

NICK CALEY

CORPORATE COMM & MBR SRV MGR

Staff

$132K

40 hrs/wk

BRADY MILLER

FOREMAN

Staff

$128K

40 hrs/wk

Independent contractors

T&B POWERLINE CONSTRUCTION INC

JOB/WORK ORDRES

$1.6M

MINT CITY UTILITY SRVC LLC

TREE TRIMMING

$983K

DELTA STAR INC

SUBSTATION WORK

$926K

MERIDIAN COOPERATIVE INC

SOFTWARE SUPPORT

$534K

INDIANA ELECTRIC COOP

REAP/TRNG/SBSCRPT/CMPLNC

$350K

Details

EIN471911282
NTEE codeY22
Subsection12
Ruling date2015-04
Formed2014
Employees62
Volunteers0
HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION — Mission, Financials & Grants Received | Grantivo