2024-08-08T17:44:39-05:00 2023-12-31 363163136 LWG CPAS & ADVISORS 1776 N MERIDIAN ST STE 500 INDIANAPOLIS IN 46202 990 2023-01-01 351499808 INDIANA STATEWIDE ASSOCIATION OF RURAL ELECTRIC COOPERATIVES INDI 3174872220 11805 PENNSYLVANIA ST CARMEL IN 46032 DEIRDRE TIERNAN CFO 3174872220 2024-08-07 1 0 STACY L MURPHY CPA P00642307 3176344747 2023 2024-08-08 14:25:15Z X INDIANA ELECTRIC COOPERATVIES DEIRDRE TIERNAN 11805 PENNSYLVANIA ST CARMEL IN 46032 9535197 0 X N/A X 1935 IN PROVIDING SERVICES TO RURAL ELECTRIC MEMBERSHIP COOPERATIVES 38 38 37 0 0 0 0 0 9242075 9431886 5531 -6625 96586 98050 9344192 9523311 0 0 0 0 5533838 5679111 0 0 0 3697919 4081240 9231757 9760351 112435 -237040 7698602 9253027 2088315 3879785 5610287 5373242 INDIANA ELECTRIC COOPERATIVES EXISTS TO UNIFY, LEAD, SERVE, AND ADVOCATE FOR OUR MEMBER DISTRIBUTION AND GENERATION AND TRANSMISSION COOPERATIVES 0 0 9760351 9529936 PROVIDING SERVICES TO RURAL ELECTRIC MEMBERSHIP COOPERATIVES. 9760351 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 37 1 0 0 0 0 0 0 0 0 X 38 38 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X DEIRDRE TIERNAN 3174872220 11805 PENNSYLVANIA ST CARMEL IN 46032 BILL KNOX NOBLE DIRECTOR 5.00 X 3150 0 0 BRENT CREEK - NEWTON DIRECTOR 4.00 X 2700 0 0 BRIAN HAWKINS ORANGE COUNTY DIRECTOR 1.50 X 2800 0 0 BRUCE HAMLIN SOUTH CENTRAL DIRECTOR 1.20 X 3850 0 0 D'ANN STOUFFER HEARTLAND DIRECTOR 6.00 X 3800 0 0 DAVE THOMAS HENDRICKS DIRECTOR 2.00 X 2700 0 0 DAVID DUTTLINGER JASPER COUNTY DIRECTOR 4.50 X 7250 0 0 DAVID RUDOLPH DUBOIS DIRECTOR 2.50 X 3150 0 0 DWAYNE AKERS WARREN DIRECTOR 1.50 X 1350 0 0 GARRY SAYNE WHITEWATER DIRECTOR 5.00 X 2700 0 0 GARY GERLACH CARROLL WHITE DIRECTOR 2.40 X 3350 0 0 HARLEY DRAKE WIN ENERGY DIRECTOR 5.00 X 2700 0 0 JAMEY MARCUM HENRY COUNTY DIRECTOR 8.00 X 6300 0 0 JEFF BRILL LAGRANGE DIRECTOR 10.00 X 3150 0 0 JOE KRUYER NORTHEASTERN DIRECTOR 2.10 X 5050 0 0 LEANDER HOOVER FULTON DIRECTOR 2.25 X 2350 0 0 LYNN BECK TIPMONT DIRECTOR 1.50 X 3600 0 0 MARC NELSON STEUBEN DIRECTOR 10.00 X 2700 0 0 MARK EVANS PARKE COUNTY DIRECTOR 1.00 X 3750 0 0 MARK NIGH RUSHSHELBY DIRECTOR 3.00 X 4500 0 0 MELISSA MENCHHOFER SOUTHEASTERN DIRECTOR 3.00 X 6750 0 0 MICHAEL YANKAUSKAS KANKAKEE VALLEY DIRECTOR 8.00 X 3750 0 0 MIKE WILLIAMS UDWI DIRECTOR 2.00 X 2250 0 0 RAY KERKHOFF NINESTAR DIRECTOR 2.50 X 3150 0 0 RON ARNHOLT BARTHOLOMEW DIRECTOR 3.00 X 5250 0 0 RONALD SMITHSON JAY COUNTY DIRECTOR 4.50 X 3150 0 0 SETH BROWN JC REMC DIRECTOR 2.50 X 450 0 0 STEVE AMRHEIN DECATUR DIRECTOR 2.50 X 3800 0 0 STEVE MINER KOSCIUSKO DIRECTOR 4.00 X 2700 0 0 TERRY CHAPMAN DAVIESS MARTIN DIRECTOR 3.30 X 3150 0 0 TODD SMITH MIAMI-CASS DIRECTOR 5.00 X 2250 0 0 TOM DULL BOONE DIRECTOR 3.00 X 7250 0 0 WALTER HUNTER JACKSON COUNTY DIRECTOR 2.50 X 2700 0 0 DAVE WALTHER HARRISON DIRECTOR 2.00 X 1800 0 0 JEFF MYERS CLARK DIRECTOR 2.00 X 4600 0 0 RANDY KLEAVING SOUTHERN INDIANA POW PRESIDENT 4.00 X X 15335 0 0 RICHARD LEEPER MARSHALL SECRETARY/TREASURER 9.00 X X 14550 0 0 STEVE MCMICHAEL PAULDING PUTNAM VICE PRESIDENT 10.00 X X 18950 0 0 JOHN CASSADY CEO 40.00 X 259926 0 137204 DEIRDRE TIERNAN CFO & COO 40.00 X 226811 0 112344 AMANDA BARTH EMPLOYEE 40.00 X 155304 0 75338 JEALEANIA MORRIS EMPLOYEE 40.00 X 162455 0 57419 JON ELKINS EMPLOYEE 40.00 X 176489 0 144766 ADAM LOCK EMPLOYEE 40.00 X 131648 0 89291 CHRIS GEARLD EMPLOYEE 40.00 X 126629 0 60900 DEBRA HUNTER EMPLOYEE 40.00 X 123001 0 77389 GREG PEMBERTON EMPLOYEE 40.00 X 129799 0 57674 MARTY JONES EMPLOYEE 40.00 X 127190 0 68568 PAUL GRAF CLARK FORMER DIRECTOR 0.50 X 450 0 0 PATRICK BOOK HARRISON FORMER DIRECTOR 0.15 X 900 0 0 GLENN MCAPLIN JC REMC FORMER DIRECTOR 0.46 X 2250 0 0 MARK HAHN MIAMI-CASS FORMER DIRECTOR 1.00 X 1350 0 0 THOMAS LEAK WARREN FORMER DIRECTOR 1.00 X 1350 0 0 1798287 0 880893 18 1 1 0 NRECA 4301 WILSON BLVD ARLINGTON VA 22203 EMPLOYEE BENEFITS 1770227 RIGDON CONSTRUCTION 105 COMMERCE DR STE A DANVILLE IN 46122 CONSTRUCTION SERVICES 1223765 LSC COMMUNICATIONS 700 AIRTECH PKWY INDIANAPOLIS IN 46231 PRINTING SERVICES 759789 INDIANA RAILROAD 101 W OHIO ST STE 1600 INDIANAPOLIS IN 46204 SUBLEASE OF OFFICE SPACE 381828 INDIANAPOLIS MARRIOTT 10 S WEST ST INDIANAPOLIS IN 46204 EVENT SERVICES 200351 7 MEMBER SERVICES 900099 4756175 4756175 MEM DUES AND ASSESSMEN 900099 4225700 4225700 IVY TECH - REAP PROGRA 900099 450011 450011 9431886 5261 5261 11886 -11886 -11886 -11886 CALENDAR 900099 52377 52377 ALMANAC 900099 22017 22017 DIRECTORY 900099 20812 20812 2844 2844 98050 9523311 9529936 0 -6625 3783136 3783136 727942 727942 891517 891517 276516 276516 79789 79789 459913 459913 15886 15886 48425 48425 45638 45638 448793 448793 540161 540161 158118 158118 12362 12362 249768 249768 41737 41737 PRINTING COSTS 815338 815338 MEALS & ENTERTAINMENT 244029 244029 TRAINING 152657 152657 TELEPHONE 140287 140287 628339 628339 9760351 9760351 0 0 5249729 725899 1050824 1496851 247603 216876 7534012 1122037 893567 6411975 156879 156430 100000 244996 7698602 9253027 1552704 2611820 1100000 535611 167965 2088315 3879785 X 0 0 0 0 5610287 5373242 5610287 5373242 7698602 9253027 X -237040 -5 X X 0 1 X 1 0 18000 18000 1 IEC STATE PAC 11805 PENNSYLVANIA ST CARMEL IN 46032 351998089 18000 1763309 1763309 2739046 66381 2672665 280786 261287 19499 1061193 671110 390083 1689678 123259 1566419 6411975 LEASE LIABILITIES 167965 167965 X 9523311 0 9523311 0 9523311 9760351 0 9760351 0 9760351 PART X, LINE 2: ACCOUNTING FOR UNCERTAIN TAX POSITIONS - THE ASSOCIATION FOLLOWS "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES." WHICH PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE ADOPTION OF THE ACCOUNTING PRINCIPLE DOES NOT HAVE A MATERIAL EFFECT ON ITS FINANCIAL POSITION, RESULTS OF OPERATIONS OR CASH FLOWS AS THE ASSOCIATION DOES NOT BELIEVE IT IS TAKING ANY UNCERTAIN POSITIONS. FORM 990 SCHEDULE X LINE 25 LEASE LIABILITY 1 X 0 0 0 JOHN CASSADY CEO 259926 0 0 0 0 0 110265 0 26939 0 397130 0 0 0 DEIRDRE TIERNAN CFO & COO 226811 0 0 0 0 0 90332 0 22012 0 339155 0 0 0 JON ELKINS EMPLOYEE 176489 0 0 0 0 0 111541 0 33225 0 321255 0 0 0 AMANDA BARTH EMPLOYEE 155304 0 0 0 0 0 37770 0 37568 0 230642 0 0 0 ADAM LOCK EMPLOYEE 131648 0 0 0 0 0 55610 0 33681 0 220939 0 0 0 JEALEANIA MORRIS EMPLOYEE 162455 0 0 0 0 0 30054 0 27365 0 219874 0 0 0 DEBRA HUNTER EMPLOYEE 123001 0 0 0 0 0 50246 0 27143 0 200390 0 0 0 MARTY JONES EMPLOYEE 127190 0 0 0 0 0 36051 0 32517 0 195758 0 0 0 CHRIS GEARLD EMPLOYEE 126629 0 0 0 0 0 27854 0 33046 0 187529 0 0 0 GREG PEMBERTON EMPLOYEE 129799 0 0 0 0 0 24568 0 33106 0 187473 0 0 0 JEFF MYERS CLARK DIRECTOR 4600 0 0 0 0 0 0 0 0 0 4600 0 0 0 GLENN MCAPLIN JC REMC FORMER DIRECTOR 2250 0 0 0 0 0 0 0 0 0 2250 0 0 0 DAVE WALTHER HARRISON DIRECTOR 1800 0 0 0 0 0 0 0 0 0 1800 0 0 0 MARK HAHN MIAMI-CASS FORMER DIRECTOR 1350 0 0 0 0 0 0 0 0 0 1350 0 0 0 THOMAS LEAK WARREN FORMER DIRECTOR 1350 0 0 0 0 0 0 0 0 0 1350 0 0 0 PATRICK BOOK HARRISON FORMER DIRECTOR 900 0 0 0 0 0 0 0 0 0 900 0 0 0 PAUL GRAF CLARK FORMER DIRECTOR 450 0 0 0 0 0 0 0 0 0 450 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS CONSIST OF RURAL ELECTRIC MEMBERSHIP COOPERATIVES LOCATED IN THE STATE OF INDIANA WHO PAY DUES TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS HAS THE AUTHORITY TO APPOINT THE CHIEF EXECUTIVE OFFICER POSITION. FORM 990, PART VI, SECTION A, LINE 7B THE ASSOCIATION HAS SUB-COMMITTEES THAT MAKE RECOMMENDATIONS BUT BOARD MEMBERS MUST APPROVE ACTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE BEFORE FILED. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED AT A BOARD MEETING AND ANNUALLY MEMBERS ARE REQUIRED TO SIGN THE POLICY TO ENSURE COMPLIANCE FORM 990, PART VI, SECTION B, LINE 15 A REVIEW IS PERFORMED ANNUALLY FOR THE CEO BY THE BOARD OF DIRECTORS. COMPARABLE DATA FROM THE INDUSTRY AS WELL AS THE INDIANAPOLIS MARKET IS USED TO ANALYZE SALARY LEVELS. AN ANNUAL REVIEW IS ALSO PERFORMED FOR THE CFO AND COMPARABLE DATA IS USED FROM VARIOUS SOURCES, INCLUDING BUT NOT LIMITED TO, VARIOUS COMPENSATION MANUALS. FORM 990, PART VI, SECTION C, LINE 19 TAX RETURNS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT OUR OFFICE. FORM 990, PART XI, LINE 9: ROUNDING -5. FORM 990, PART XII, LINE 2C THE PROCESS IS THE SAME AS PRIOR YEAR.