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Southeastern Indiana Rural Electric Membership Corporation

  • Osgood, IN
  • Tax-exempt since Jan. 1944
  • EIN: 35-0672337

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
$36M (2023)

Expenses
$36M (2023)

Total Assets
$310M (2023)

Total Liabilities
$214M (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
$36,023,965
Expenses
$36,023,965
Net Income
$0
Net Assets
$95,858,409
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,645,787
7.3%
Investment Income $177,400
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $25,530,175
70.9%
Other Revenue $7,670,603
21.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,708,833
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,364,919
6.6%
Assets/Debt
Total Assets $309,569,238
Total Liabilities $213,710,829
Net Assets $95,858,409
Club or Co-Op Income
Income From Members $35,407,183
Income From Other Sources $603,170
Compensation
Key Employees and Officers Compensation Related Other
Bryan K Mathews (General Manager) $261,961 $0 $131,081
Brandon Linville (Director Of Operations) $141,398 $0 $64,662
Michael Summers (Director Of Staking & Engi) $138,786 $0 $51,241
Bryan Miller (Director Of It And Diversified Services) $134,566 $0 $62,254
James Buhler (Director Of Finance & Acco) $131,375 $0 $65,241
Michael Scholle (Lineman) $129,912 $0 $34,599
Kendall Hankins (Director Of Office Service) $129,182 $0 $38,016
Melissa Menchhofer (Director) $20,400 $0 $0
Bradley Bentle (Director, Vice President) $18,000 $0 $0
David Smith (Director) $17,200 $0 $0
Darrell Smith (Director, President) $16,400 $0 $0
Jesse Mcclure (Director, Treasurer) $15,200 $0 $0
Michael Thieman (Director) $15,200 $0 $0
Vince Moster (Director) $14,800 $0 $0
Casey Menchhofer (Director, Secretary) $14,400 $0 $0
Sherry Shaw (Director) $11,900 $0 $0
Bonnie Boggs (Director (Retired)) $7,100 $0 $0
+ View more people

Document Links

990
Filed on May 14, 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
$32,977,068
Expenses
$32,977,068
Net Income
$0
Net Assets
$91,488,957
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,431,099
7.4%
Investment Income $150,951
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $26,187,039
79.4%
Other Revenue $4,207,979
12.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,626,026
4.9%
Professional Fundraising Fees $0
Other Salaries and Wages $2,271,814
6.9%
Assets/Debt
Total Assets $258,114,431
Total Liabilities $166,625,474
Net Assets $91,488,957
Club or Co-Op Income
Income From Members $32,486,409
Income From Other Sources $646,547
Compensation
Key Employees and Officers Compensation Related Other
Bryan K Mathews (General Manager) $242,377 $0 $161,053
Brandon Linville (Director Of Operations) $137,502 $0 $83,279
Michael Summers (Director Of Staking & Engi) $135,025 $0 $63,683
Bryan Miller (Director Of It And Key Acc) $129,376 $0 $75,465
James Buhler (Director Of Finance & Acco) $126,850 $0 $82,256
Kendall Hankins (Director Of Office Services) $123,052 $0 $44,015
Brandon Keith (Lineman) $121,035 $0 $46,929
Melissa Menchhofer (Director) $17,650 $0 $0
Michael Thieman (Director, President) $16,900 $0 $0
Bradley Bentle (Director) $16,050 $0 $0
Bonnie Boggs (Director) $14,300 $0 $0
David Smith (Director) $14,300 $0 $0
Casey Menchhofer (Director) $13,950 $0 $0
Darrell Smith (Director) $13,900 $0 $0
Jesse Mcclure (Director, Secretary) $13,150 $0 $0
Vince Moster (Director, Treasurer) $12,750 $0 $0
+ View more people

Document Links

990
Filed on May 10, 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
$32,342,127
Expenses
$32,342,127
Net Income
$0
Net Assets
$87,942,075
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,821,051
5.6%
Investment Income $336,955
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $29,626,813
91.6%
Other Revenue $557,308
1.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,529,980
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $2,515,781
7.8%
Assets/Debt
Total Assets $229,046,721
Total Liabilities $141,104,646
Net Assets $87,942,075
Club or Co-Op Income
Income From Members $31,784,820
Income From Other Sources $557,308
Compensation
Key Employees and Officers Compensation Related Other
Bryan K Mathews (General Manager) $231,170 $0 $194,069
Brandon Linville (Director Of Operations) $131,615 $0 $72,992
Michael Summers (Director Of Staking & Engi) $129,340 $0 $57,543
Bryan Miller (Director Of It And Key Accounts) $125,125 $0 $62,740
James Buhler (Director Of Finance & Acco) $121,033 $0 $72,018
Michael Scholle (Lineman, Journeyman) $118,239 $0 $33,140
James Martin (Lineman, Journeyman) $116,356 $0 $30,085
Melissa Menchhofer (Director) $19,250 $0 $0
Bradley Bentle (Director) $14,700 $0 $0
Michael Thieman (Director) $14,350 $0 $0
Vince Moster (Director) $14,350 $0 $0
David Smith (Director) $14,000 $0 $0
Bonnie Boggs (Director) $13,650 $0 $0
Jesse Mcclure (Director) $13,300 $0 $0
Casey Menchhofer (Director) $13,300 $0 $0
Darrell Smith (Director) $13,300 $0 $0
+ View more people

Document Links

990
Filed on May 10, 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
$28,552,000
Expenses
$28,552,000
Net Income
$0
Net Assets
$85,264,757
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $973,608
3.4%
Investment Income $564,172
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $26,690,890
93.5%
Other Revenue $323,330
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,570,289
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,493,926
8.7%
Assets/Debt
Total Assets $159,543,964
Total Liabilities $74,279,207
Net Assets $85,264,757
Club or Co-Op Income
Income From Members $28,228,670
Income From Other Sources $323,330
Compensation
Key Employees and Officers Compensation Related Other
Bryan K Mathews (General Manager) $225,985 $0 $234,923
Barry Lauber (Director Of Marketing & Key Accounts) $128,020 $0 $53,278
Brandon Linville (Director Of Operations) $127,980 $0 $68,564
Michael Summers (Director Of Staking & Engineering) $126,257 $0 $61,667
Jordan Ice (Lineman, Journeyman) $122,939 $0 $32,171
Bryan Miller (Director Of Office Services) $119,708 $0 $66,516
James Buhler (Director Of Finance & Accounting) $117,092 $0 $75,343
Jesse Mc Clure (Director) $16,450 $0 $0
Michawel Thieman (Vice President) $16,100 $0 $0
Bradley Bentle (Treasurer) $15,050 $0 $0
Casey Menchhofer (Director) $15,050 $0 $0
Melissa Menchhofer (Director) $15,050 $0 $0
Bonnie Boggs (Director) $14,700 $0 $0
Darrell Smith (President) $14,700 $0 $0
David W Smith (Director) $14,350 $0 $0
Vince Moster (Secretary) $14,000 $0 $0
+ View more people

Document Links

990
Filed on Dec. 9, 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
$28,992,844
Expenses
$28,992,844
Net Income
$0
Net Assets
$84,631,019
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,527,064
5.3%
Investment Income $826,955
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $26,202,904
90.4%
Other Revenue $435,920
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,537,473
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,232,425
7.7%
Assets/Debt
Total Assets $150,216,859
Total Liabilities $65,585,840
Net Assets $84,631,019
Club or Co-Op Income
Income From Members $28,556,924
Income From Other Sources $435,920

Document Links

990

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

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,430,641
Expenses
$27,430,641
Net Income
$0
Net Assets
$84,919,801
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,630,068
5.9%
Investment Income $946,514
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $24,676,670
90.0%
Other Revenue $177,387
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,451,984
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,431,653
8.9%
Assets/Debt
Total Assets $146,090,426
Total Liabilities $61,170,625
Net Assets $84,919,801
Club or Co-Op Income
Income From Members $27,271,422
Income From Other Sources $177,387

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
$25,120,876
Expenses
$25,120,876
Net Income
$0
Net Assets
$83,221,710
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,960,191
7.8%
Investment Income $923,473
3.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $22,039,668
87.7%
Other Revenue $197,542
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,416,129
5.6%
Professional Fundraising Fees $0
Other Salaries and Wages $2,458,956
9.8%
Assets/Debt
Total Assets $143,165,109
Total Liabilities $59,943,399
Net Assets $83,221,710
Club or Co-Op Income
Income From Members $24,923,334
Income From Other Sources $197,543

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
$25,975,493
Expenses
$25,975,493
Net Income
$0
Net Assets
$79,596,629
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,268,418
8.7%
Investment Income $883,858
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $22,739,502
87.5%
Other Revenue $83,713
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,353,315
5.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,239,140
8.6%
Assets/Debt
Total Assets $140,239,778
Total Liabilities $60,643,149
Net Assets $79,596,629
Club or Co-Op Income
Income From Members $25,890,756
Income From Other Sources $83,714

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
$23,933,364
Expenses
$23,933,364
Net Income
$0
Net Assets
$74,206,388
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,277,301
9.5%
Investment Income $844,631
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $20,658,224
86.3%
Other Revenue $153,206
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,432,416
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,943,431
8.1%
Assets/Debt
Total Assets $132,640,990
Total Liabilities $58,434,602
Net Assets $74,206,388
Club or Co-Op Income
Income From Members $23,766,218
Income From Other Sources $153,207

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
$23,841,079
Expenses
$23,841,079
Net Income
$0
Net Assets
$72,944,317
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,482,345
10.4%
Investment Income $823,336
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $20,354,220
85.4%
Other Revenue $181,177
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,006,763
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,401,768
10.1%
Assets/Debt
Total Assets $130,653,836
Total Liabilities $57,709,519
Net Assets $72,944,317
Club or Co-Op Income
Income From Members $23,670,529
Income From Other Sources $181,177

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
$23,052,949
Expenses
$23,052,949
Net Income
$0
Net Assets
$71,139,275
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,167,636
9.4%
Investment Income $699,873
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $20,066,382
87.0%
Other Revenue $119,056
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $707,156
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,508,629
10.9%
Assets/Debt
Total Assets $127,366,377
Total Liabilities $56,227,102
Net Assets $71,139,275
Club or Co-Op Income
Income From Members $22,951,277
Income From Other Sources $119,057

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
$22,911,555
Expenses
$22,911,555
Net Income
$0
Net Assets
$65,845,950
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,237,351
9.8%
Investment Income $628,335
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $19,977,883
87.2%
Other Revenue $67,984
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $679,537
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $2,600,223
11.3%
Assets/Debt
Total Assets $122,344,444
Total Liabilities $56,498,494
Net Assets $65,845,950
Club or Co-Op Income
Income From Members $22,843,571
Income From Other Sources $67,985

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
$23,563,743
Expenses
$23,563,743
Net Income
$0
Net Assets
$62,753,070
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,605,879
11.1%
Investment Income $671,747
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $20,264,172
86.0%
Other Revenue $21,943
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $492,679
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,593,000
11.0%
Assets/Debt
Total Assets $118,896,362
Total Liabilities $56,143,292
Net Assets $62,753,070
Club or Co-Op Income
Income From Members $23,541,799
Income From Other Sources $21,944

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

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.

Updated