Skip to content
ProPublica Donate
ProPublica Donate

Heartland Rural Electric Membership Corporation

  • Markle, IN
  • Tax-exempt since April 2015
  • EIN: 47-1911282

Organization summary

Type of Nonprofit

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

Category: Mutual/Membership Benefit Organizations, Other / Local Benevolent Life Insurance Associations, Mutual Irrigation and Telephone Companies, and Like Organizations (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$84M (2023)

Expenses
$77M (2023)

Total Assets
$196M (2023)

Total Liabilities
$102M (2023)

Source: Form 990 tax filings from 2014 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
$84,024,790
Expenses
$77,013,511
Net Income
$7,011,279
Net Assets
$94,509,136
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $80,636,664
96.0%
Investment Income $264,101
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $99,298
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,024,727
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $196,137,055
Total Liabilities $101,627,919
Net Assets $94,509,136
Club or Co-Op Income
Income From Members $80,636,665
Income From Other Sources $3,388,126
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Colt Burnau (Ceo) $258,132 $0 $33,634
Robert Pearson (Former Ceo) $183,997 $0 $14,711
Nicholas Caley (Corporate Comm & Mbr Srv Mgr) $148,809 $0 $32,854
Michael Kelsey (Operations Manager) $144,310 $0 $32,826
William Dye (Cfo) $143,832 $0 $33,420
Eric Laymon (Manager Of Eng & Operation) $141,487 $0 $32,209
Brady Miller (Foreman) $136,710 $0 $13,453
Alec Wells (Journeyman Lineman) $136,233 $0 $32,504
D'ann Stouffer (Director) $20,125 $0 $0
Laura Cole (Asst Sec/Treas) $19,195 $0 $0
Matthew Quickery (Vice President) $18,445 $0 $0
Doug Wilcox (President) $18,345 $0 $0
Jason Dawes (Sec/Treas) $18,215 $0 $0
Joh Smith (Director) $17,695 $0 $0
Alan Amick (Director) $16,945 $0 $0
Adam Fusselman (Director) $16,695 $0 $0
Ralph Keefer (Director) $16,695 $0 $0
Robert Hippensteel (Director) $16,445 $0 $0
Alan Schlagenhauf (Director) $16,195 $0 $0
Ted Martz (Director) $15,195 $0 $0
+ View more people

Document Links

990
Filed on Nov. 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
$27,240,056
Expenses
$21,275,471
Net Income
$5,964,585
Net Assets
$88,376,974
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $112,352
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $25,654,684
94.2%
Other Revenue $1,473,020
5.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $633,850
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $3,862,808
18.2%
Assets/Debt
Total Assets $182,379,683
Total Liabilities $94,002,709
Net Assets $88,376,974
Club or Co-Op Income
Income From Members $79,072,671
Income From Other Sources $1,585,372
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert Pearson (C.E.O.) $283,503 $0 $69,845
Colt Burnau (Vp Engineering & Office Services) $189,709 $0 $58,529
Gene Lahr (Finance Manager) $138,457 $0 $44,036
Brady Miller (1 St Class Lineman) $123,665 $0 $29,666
Mike Kelsey (Operations Manager) $120,620 $0 $48,092
Brad Couch (1 St Class Lineman) $118,632 $0 $44,333
Donald Bauer (1 St Class Lineman) $118,035 $0 $44,191
Doug Wilcox (President Of Board) $20,565 $0 $0
Laura Cole (Assistant Secretary Treasurer Of Board) $19,195 $0 $0
Mathew Quickery (Vice President Of Board) $18,650 $0 $0
Jason Dawes (Secretary Treasurer Of Board) $18,020 $0 $0
Joh Smith (Director) $17,970 $0 $0
D'ann Stouffer (Director) $17,320 $0 $0
Adam Fusselman (Director) $17,320 $0 $0
Ralph Keefer (Director) $17,070 $0 $0
Robert Hippensteel (Director) $16,570 $0 $0
Ted Martz (Director) $16,570 $0 $0
Alan Amick (Director) $16,570 $0 $0
Alan Schlagenhauf (Director) $16,070 $9,900 $0
+ View more people

Document Links

990
Filed on May 8, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,868,084
Expenses
$19,354,937
Net Income
$4,513,147
Net Assets
$81,328,450
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $58,352
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $22,373,315
93.7%
Other Revenue $1,436,417
6.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $604,297
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,591,856
18.6%
Assets/Debt
Total Assets $157,490,377
Total Liabilities $76,161,927
Net Assets $81,328,450
Club or Co-Op Income
Income From Members $71,083,964
Income From Other Sources $1,494,769
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert Pearson (C.E.O.) $274,849 $0 $65,545
Colt Burnau (Vp Engineering & Office Services) $164,958 $0 $55,411
Tim Muellenberg (Engineer) $158,486 $0 $47,426
Gene Lahr (Finance Manager) $130,653 $0 $41,783
Mike Kelsey (Operations Manager) $115,111 $0 $45,612
Brady Miller (1 St Class Lineman) $112,702 $0 $28,162
John Scheiber (Operations It) $111,908 $0 $36,961
D'ann Stouffer (Director) $20,070 $0 $0
Mathew Quickery (Secretary Treasurer Of Board) $18,550 $0 $0
Laura Cole (Director) $16,945 $0 $0
Adam Fusselman (Director) $16,820 $0 $0
Ralph Keefer (Director) $16,820 $0 $0
Doug Wilcox (Vice President Of Board) $16,320 $0 $0
Jason Dawes (Director) $16,070 $0 $0
Joh Smith (President Of Board) $15,920 $0 $0
Ted Martz (Assistant Secretary Treasurer Of Board) $15,570 $0 $0
Alan Amick (Director) $15,570 $0 $0
Robert Hippensteel (Director) $15,320 $0 $0
Alan Schlagenhauf (Director) $14,820 $13,800 $0
+ View more people

Document Links

990
Filed on May 12, 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
$24,464,635
Expenses
$18,785,049
Net Income
$5,679,586
Net Assets
$78,001,214
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $81,847
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $21,059,578
86.1%
Other Revenue $3,323,210
13.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $616,406
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,591,792
19.1%
Assets/Debt
Total Assets $137,877,637
Total Liabilities $59,876,423
Net Assets $78,001,214
Club or Co-Op Income
Income From Members $67,063,476
Income From Other Sources $3,405,057
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert Pearson (C.E.O.) $269,936 $0 $63,582
Tim Muellenberg (Engineer) $157,066 $0 $46,491
Colt Burnau (Vp Engineering & Office Services) $130,610 $0 $46,907
Gene Lahr (Finance Manager) $128,913 $0 $41,028
Brady Miller (1 St Class Lineman) $113,974 $0 $27,586
Mike Kelsey (Operations Manager) $113,216 $0 $44,927
Jeremy Sweet (1 St Class Lineman) $112,289 $0 $42,028
D'ann Stouffer (Director) $20,970 $0 $0
Mathew Quickery (Secretary Treasurer Of Board) $19,850 $0 $0
Adam Fusselman (Director) $18,695 $0 $0
Alan Schlagenfauf (Director) $17,195 $12,300 $0
Ted Martz (Assistant Secretary Treasurer Of Board) $17,195 $0 $0
Alan Amick (Director) $16,945 $0 $0
Laura Cole (Director) $16,945 $0 $0
Joh Smith (President Of Board) $16,870 $0 $0
Robert Hippensteel (Director) $16,695 $0 $0
Jason Dawes (Director) $16,570 $0 $0
Doug Wilcox (Vice President Of Board) $16,195 $0 $0
Ralph Keefer (Director) $15,320 $0 $0
Steven Byerly (Director) $8,110 $0 $0
+ View more people

Document Links

990
Filed on May 7, 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
$22,867,993
Expenses
$18,224,299
Net Income
$4,643,694
Net Assets
$73,485,372
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $125,490
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $20,168,645
88.2%
Other Revenue $2,573,858
11.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $616,663
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,414,331
18.7%
Assets/Debt
Total Assets $119,489,882
Total Liabilities $46,004,510
Net Assets $73,485,372
Club or Co-Op Income
Income From Members $69,940,444
Income From Other Sources $2,699,348

Document Links

990

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

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,861,176
Expenses
$17,796,799
Net Income
$5,064,377
Net Assets
$72,432,117
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $86,213
0.4%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $20,531,898
89.8%
Other Revenue $2,243,065
9.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $593,241
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,277,352
18.4%
Assets/Debt
Total Assets $109,852,484
Total Liabilities $37,420,367
Net Assets $72,432,117
Club or Co-Op Income
Income From Members $70,628,063
Income From Other Sources $2,329,278

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
$20,853,759
Expenses
$17,129,546
Net Income
$3,724,213
Net Assets
$67,707,991
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $62,424
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $18,708,257
89.7%
Other Revenue $2,083,078
10.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $613,557
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,197,003
18.7%
Assets/Debt
Total Assets $105,872,414
Total Liabilities $38,164,423
Net Assets $67,707,991
Club or Co-Op Income
Income From Members $64,726,736
Income From Other Sources $2,145,502

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
$19,725,095
Expenses
$16,880,258
Net Income
$2,844,837
Net Assets
$63,769,895
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $58,308
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $18,093,630
91.7%
Other Revenue $1,573,157
8.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $624,714
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $3,207,791
19.0%
Assets/Debt
Total Assets $102,836,544
Total Liabilities $39,066,649
Net Assets $63,769,895
Club or Co-Op Income
Income From Members $64,729,312
Income From Other Sources $1,631,465

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
$19,507,727
Expenses
$16,667,978
Net Income
$2,839,749
Net Assets
$61,111,180
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $52,274
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $17,729,415
90.9%
Other Revenue $1,726,038
8.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $256,273
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,460,715
20.8%
Assets/Debt
Total Assets $96,571,886
Total Liabilities $35,460,706
Net Assets $61,111,180
Club or Co-Op Income
Income From Members $63,801,078
Income From Other Sources $1,778,312

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
$2,813,592
Expenses
$2,929,396
Net Income
-$115,804
Net Assets
$58,317,258
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $8,777
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $2,801,265
99.6%
Other Revenue $3,550
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $23,580
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $593,936
20.3%
Assets/Debt
Total Assets $94,883,760
Total Liabilities $36,566,502
Net Assets $58,317,258
Club or Co-Op Income
Income From Members $10,899,601
Income From Other Sources $12,326

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