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Harrison County Rural Electric Membership Corporation 89

  • Corydon, IN
  • Tax-exempt since Aug. 1939
  • EIN: 35-0367872

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$65.5M (2023)

Expenses
$65.5M (2023)

Total Assets
$140M (2023)

Total Liabilities
$47.5M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,522,696
Expenses
$65,522,696
Net Income
$0
Net Assets
$92,723,182
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $62,482,930
95.4%
Investment Income $908,769
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $363,868
0.6%
Net Fundraising $0
Sales of Assets -$95,954
Net Inventory Sales $0
Other Revenue $1,863,083
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,527,662
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,928,699
4.5%
Assets/Debt
Total Assets $140,234,781
Total Liabilities $47,511,599
Net Assets $92,723,182
Club or Co-Op Income
Income From Members $62,482,930
Income From Other Sources $2,484,266
Compensation
Key Employees and Officers Compensation Related Other
David C Lett (Chief Executive Officer) $304,518 $0 $181,389
Steven Moore (Business Manager) $165,876 $0 $51,174
Ryan Strohbeck (Engineering Operations Man) $153,084 $0 $34,189
Keith Lieber (Accounting Manager) $146,931 $0 $34,888
Rodney Cecil (Lineman) $138,291 $0 $34,170
Clayton Nix (Lineman) $128,914 $0 $21,427
David Poe (President) $21,458 $0 $0
Danny Wiseman (Director) $18,232 $0 $0
Patrick Book (Director) $16,542 $0 $0
David L Walther (Director) $16,223 $0 $0
Craig Engleman (Secretary/Treasurer) $14,064 $0 $0
Brian Koetter (Vice President) $12,762 $0 $0
C Todd Uhl (Director) $12,000 $0 $0
Roy Zimmerman (Director) $11,303 $0 $0
Darin Duncan (Director) $10,227 $0 $0
+ View more people

Document Links

990
Filed on Oct. 25, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,057,885
Expenses
$62,057,885
Net Income
$0
Net Assets
$90,124,529
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $60,388,161
97.3%
Investment Income $416,139
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $331,618
0.5%
Net Fundraising $0
Sales of Assets -$210,160
Net Inventory Sales $0
Other Revenue $1,132,127
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,439,729
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,499,078
4.0%
Assets/Debt
Total Assets $136,584,237
Total Liabilities $46,459,708
Net Assets $90,124,529
Club or Co-Op Income
Income From Members $60,388,161
Income From Other Sources $2,415,909
Compensation
Key Employees and Officers Compensation Related Other
David C Lett (Chief Executive Officer) $263,453 $0 $144,984
Steven Moore (Business Manager) $155,839 $0 $82,702
Ryan Strohbeck (Engineering Operations Man) $140,130 $0 $46,173
Keith Lieber (Accounting Manager) $138,630 $0 $37,399
Clayton Nix (Lineman) $124,281 $0 $30,640
Kyle Armstrong (Lineman) $117,191 $0 $20,727
David Poe (President) $19,176 $0 $0
Danny Wiseman (Director) $18,365 $0 $0
David L Walther (Director) $18,271 $0 $0
Patrick Book (Director) $15,850 $0 $0
Craig Engleman (Secretary/Treasurer) $14,788 $0 $0
Darin Duncan (Director) $13,755 $0 $0
Roy Zimmerman (Director) $13,075 $0 $0
Brian Koetter (Vice President) $12,264 $0 $0
C Todd Uhl (Director) $12,036 $0 $0
+ View more people

Document Links

990
Filed on Oct. 30, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$57,440,710
Expenses
$57,440,710
Net Income
$0
Net Assets
$88,745,291
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,291,830
96.3%
Investment Income $238,563
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $318,603
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,591,714
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,297,362
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,296,549
4.0%
Assets/Debt
Total Assets $130,552,109
Total Liabilities $41,806,818
Net Assets $88,745,291
Club or Co-Op Income
Income From Members $55,291,830
Income From Other Sources $2,235,952
Compensation
Key Employees and Officers Compensation Related Other
David C Lett (Chief Executive Officer) $252,236 $0 $124,404
Steven Moore (Business Manager) $136,955 $0 $43,663
Justin Swarens (Engineering And Operations) $127,307 $0 $25,880
Keith Lieber (Accounting Manager) $124,829 $0 $25,285
Ryan Strohbeck (Engineering Operations Manager) $120,911 $0 $37,829
Timothy Bland (Lineman) $120,301 $0 $41,328
David L Walther (Director) $16,893 $0 $0
Patrick Book (President) $15,764 $0 $0
Danny Wiseman (Director) $13,796 $0 $0
David Poe (Secretary/Treasurer) $12,838 $0 $0
Darin Duncan (Director) $12,754 $0 $0
Brian Koetter (Vice President) $11,276 $0 $0
C Todd Uhl (Director) $11,216 $0 $0
Craig Engleman (Director) $11,018 $0 $0
Roy Zimmerman (Director) $10,879 $0 $0
+ View more people

Document Links

990
Filed on Sept. 30, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$58,034,432
Expenses
$58,034,432
Net Income
$0
Net Assets
$86,789,431
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,115,479
96.7%
Investment Income $700,297
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $315,729
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $902,927
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,285,911
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,291,730
3.9%
Assets/Debt
Total Assets $125,723,539
Total Liabilities $38,934,108
Net Assets $86,789,431
Club or Co-Op Income
Income From Members $56,115,479
Income From Other Sources $2,715,030
Compensation
Key Employees and Officers Compensation Related Other
David C Lett (Chief Executive Officer) $245,473 $0 $106,898
Justin Swarens (Engineering And Operations Manager) $151,138 $0 $18,097
Steven Moore (Business Manager) $125,042 $0 $36,469
James Walter (Operations Construction Manager) $120,859 $0 $56,658
Keith Lieber (Accounting Manager) $116,682 $0 $51,458
Timothy Bland (Lineman) $116,037 $0 $34,724
Patrick Book (President) $15,366 $0 $0
David L Walther (Director) $13,438 $0 $0
Danny Wiseman (Director) $13,394 $0 $0
David Poe (Secretary/Treasurer) $13,161 $0 $0
Brian Koetter (Vice President) $12,224 $0 $0
C Todd Uhl (Director) $11,806 $0 $0
Darin Duncan (Director) $9,780 $0 $0
Roy Zimmerman (Director) $8,623 $0 $0
Craig Engleman (Director) $8,584 $0 $0
+ View more people

Document Links

990
Filed on Nov. 1, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$61,020,386
Expenses
$61,020,386
Net Income
$0
Net Assets
$84,177,670
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $58,196,044
95.4%
Investment Income $1,087,643
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $312,909
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,423,790
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,148,731
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,117,925
3.5%
Assets/Debt
Total Assets $118,902,464
Total Liabilities $34,724,794
Net Assets $84,177,670
Club or Co-Op Income
Income From Members $58,196,044
Income From Other Sources $2,044,178
Compensation
Key Employees and Officers Compensation Related Other
David C Lett (Chief Executive Officer) $228,995 $0 $81,747
Justin Swarens (Operations And Administrat) $133,863 $0 $11,404
Timothy Bland (Lineman) $117,518 $0 $24,495
Clayton Nix (Lineman) $115,279 $0 $22,968
Steven Moore (Business Manager) $114,962 $0 $29,453
William Baelz (Lineman) $112,849 $0 $23,309
David L Walther (Director) $19,733 $0 $0
Patrick Book (President) $19,640 $0 $0
David Poe (Secretary/Treasurer) $17,662 $0 $0
C Todd Uhl (Director) $16,308 $0 $0
Danny Wiseman (Director) $15,719 $0 $0
Craig Engleman (Director) $11,817 $0 $0
Brian Koetter (Vice President) $11,800 $0 $0
Darin Duncan (Director) $10,198 $0 $0
Roy Zimmerman (Director) $9,012 $0 $0
+ View more people

Document Links

990
Filed on Nov. 11, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,406,065
Expenses
$62,406,065
Net Income
$0
Net Assets
$80,500,747
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $59,697,721
95.7%
Investment Income $1,007,213
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $256,667
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,444,464
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,196,247
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,136,957
3.4%
Assets/Debt
Total Assets $114,539,277
Total Liabilities $34,038,530
Net Assets $80,500,747
Club or Co-Op Income
Income From Members $59,697,721
Income From Other Sources $1,908,403

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$58,438,115
Expenses
$58,438,115
Net Income
$0
Net Assets
$75,751,599
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,556,675
95.1%
Investment Income $821,996
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $219,405
0.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,840,039
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,121,005
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,022,886
3.5%
Assets/Debt
Total Assets $106,933,114
Total Liabilities $31,181,515
Net Assets $75,751,599
Club or Co-Op Income
Income From Members $55,556,675
Income From Other Sources $1,696,756

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$59,609,443
Expenses
$59,609,443
Net Income
$0
Net Assets
$72,226,540
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,608,686
95.0%
Investment Income $647,039
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $192,555
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,161,163
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $666,873
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,256,178
3.8%
Assets/Debt
Total Assets $102,815,926
Total Liabilities $30,589,386
Net Assets $72,226,540
Club or Co-Op Income
Income From Members $56,608,686
Income From Other Sources $1,510,345

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$60,388,231
Expenses
$60,388,231
Net Income
$0
Net Assets
$67,911,802
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $57,646,340
95.5%
Investment Income $471,355
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $181,767
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,088,769
3.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $542,756
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,025,780
3.4%
Assets/Debt
Total Assets $98,934,335
Total Liabilities $31,022,533
Net Assets $67,911,802
Club or Co-Op Income
Income From Members $57,646,340
Income From Other Sources $1,296,924

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$59,784,394
Expenses
$59,784,394
Net Income
$0
Net Assets
$64,232,057
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,891,952
95.2%
Investment Income $400,982
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $191,865
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,299,595
3.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $628,963
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,878,706
3.1%
Assets/Debt
Total Assets $99,017,945
Total Liabilities $34,785,888
Net Assets $64,232,057
Club or Co-Op Income
Income From Members $56,891,952
Income From Other Sources $1,207,605

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$57,942,055
Expenses
$57,942,055
Net Income
$0
Net Assets
$61,219,637
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,413,179
95.6%
Investment Income $324,391
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $183,257
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,021,228
3.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $516,065
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,832,546
3.2%
Assets/Debt
Total Assets $95,490,998
Total Liabilities $34,271,361
Net Assets $61,219,637
Club or Co-Op Income
Income From Members $55,413,179
Income From Other Sources $1,123,001

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$55,614,525
Expenses
$55,614,525
Net Income
$0
Net Assets
$57,205,398
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $52,990,918
95.3%
Investment Income $269,203
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $178,318
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,176,086
3.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $355,522
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,001,367
3.6%
Assets/Debt
Total Assets $91,097,328
Total Liabilities $33,891,930
Net Assets $57,205,398
Club or Co-Op Income
Income From Members $52,990,918
Income From Other Sources $1,354,266

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$54,410,768
Expenses
$54,410,768
Net Income
$0
Net Assets
$54,023,727
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $51,542,570
94.7%
Investment Income $202,045
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $174,972
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,491,181
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $314,579
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,589,879
2.9%
Assets/Debt
Total Assets $87,412,956
Total Liabilities $33,389,229
Net Assets $54,023,727
Club or Co-Op Income
Income From Members $51,542,570
Income From Other Sources $744,561

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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