2025-11-11T10:12:22-05:00 2024-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2024-01-01 742805422 HEARTLAND RURAL ELECTRIC COOPERATIVE HEAR 6207248251 PO BOX 40 GIRARD KS 66743 MARK SCHEIBE CEO 6207245515 2025-11-07 true false MICHAEL K BURKE CPA P00054433 9187498337 2025-11-07 2024 2025-03-06 01:10:19Z LAVONNA STAINBROOK PO BOX 40 GIRARD KS 66743 26898399 false X N/A X 1996 KS TO MEET OUR MEMBERS' NEEDS AND EXPECTATIONS FOR RELIABLE ELECTRICITY, SUPERIOR CUSTOMER SERVICE AND INNOVATIVE ENERGY SOLUTIONS AT REASONABLE PRICES. 8 8 55 0 0 26331195 26539488 188416 191465 42715 71559 26562326 26802512 15101 16283 1389166 1076504 1207649 1551430 0 0 24245241 24576450 26857157 27220667 -294831 -418155 72640677 74887678 42563781 44396252 30076896 30491426 TO MEET OUR MEMBERS' NEEDS AND EXPECTATIONS FOR RELIABLE ELECTRICITY, SUPERIOR CUSTOMER SERVICE AND INNOVATIVE ENERGY SOLUTIONS AT REASONABLE PRICES. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 11,967 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. false false false false false false false false false true false true false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 124 0 55 true false false false false false 26228952 827224 false false false X 8 8 false false false false true true true true true false false true true true true true true true false false X X MARK SCHEIBE 6207248251 110 N ENTERPRISE DR GIRARD KS 66743 MARK SCHEIBE CEO 51.00 X 274684 0 72654 ANTHONY WASHINGTON ELECTRIC SYS 47.00 X 137178 0 97275 DAN AVERY DIR OF OPERA 45.00 X 158451 0 71416 ROBERT GRISIER FOREMAN 48.00 X 140058 0 40347 LUKE DECKER FOREMAN 48.00 X 138299 0 33454 ALEX MCCRACKEN JOURNEYMAN 49.00 X 141899 0 25269 STEVE MCFARLAND DIRECTOR 3.00 X 13304 0 0 HH STOCKERBRAND DIRECTOR 2.00 X 10147 0 0 LAVONNA STAINBROOK DIRECTOR 2.00 X 9696 0 0 LARRY LINDBERG DIRECTOR 2.00 X 9245 0 0 RONALD TAYLOR DIRECTOR 3.00 X 8769 0 0 TYLER JACKMAN DIRECTOR 1.00 X 5186 0 0 DEAN DAVIED DIRECTOR 1.00 X 4735 0 0 JESSE SEACREST DIRECTOR 1.00 X 4284 0 0 ERNIE TROTH DIRECTOR 1.00 X 1353 0 0 1057288 340415 22 false true false ANIXTER POWER SOLUTIONS PO BOX 4851 ORLANDO FL 32802 MATERIALS 1876884 ROW PRO LLC 5319 CR 5800 CHERRYVILLE KS 67335 ROW CLEARING 605414 GLOBAL UTILITY SERVICES INC 1400 HIWAN CT FORT COLLINS CO 80525 POLE INSPECTION 163308 APEX ROW PO BOX 788 MARSHALL AR 72650 HERBICIDE SPRAY 160550 4 ELECTRIC REVENUE 221000 26344557 26344557 PATRONAGE DIVIDENDS 221000 194931 194931 26539488 161208 161208 21203 21203 21203 21203 126144 95887 30257 30257 30257 NON OPERATING REVENUE 40335 40335 RELATED REVENUE 10021 10021 50356 26802512 26589844 212668 X 16283 1076504 414057 1137373 1302980 2664697 COST OF POWER 14748027 DISTRIBUTION 3904207 GENERAL & ADMINISTRATIVE 833660 TAXES 661652 461227 27220667 0 0 0 2496632 3066087 2238735 3080806 133945 120411 1080760 415729 89395828 35853337 52515761 53542491 14174844 14662154 72640677 74887678 2134289 2317137 646000 96000 38417235 39706407 1366257 2276708 42563781 44396252 X 42335 42645 5355793 5427862 24678768 25020919 30076896 30491426 72640677 74887678 X -418155 832685 X false true X true false 447170 447170 3426782 1562781 1864001 84396821 34290556 50106265 52417436 INVST IN ASSOCIATED ORGANIZATIONS 9010454 C INVESTMENT IN SUBSIDIARY 4425169 C NRUCFC CAPITAL TERM CERTIFICATES 795639 C RURAL ECONOMIC DEVELOPMENT LOAN 342222 C INV IN ASSOC. ORG. - GENERAL FUNDS 88670 C 14662154 LINE OF CREDIT 1500000 CONSUMER DEPOSITS 475653 CUSTOMER PREPAYMENTS 294867 OTHER DEFERRED CREDITS 6188 2276708 X 26802512 26802512 26802512 26144163 26144163 1076504 1076504 27220667 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE HAS A LETTER OF EXEMPTION FROM FEDERAL INCOME TAX, ISSUED BY THE INTERNAL REVENUE SERVICE, AND FILES IRS FORM 990 ANNUALLY. THE SUBSIDIARY IS A TAXABLE ENTITY AND FILES IRS FORM 1120 ON A FISCAL YEAR BASIS ENDING JUNE 30 ANNUALLY. HEARTLAND ENERGY, INC. (COMPANY) HAS A NET OPERATING LOSS CARRYFORWARD (FOR U.S. INCOME TAX PURPOSES) OF APPROXIMATELY 804,000 AND 1,367,000 AS OF JUNE 30, 2025 AND 2024,RESPECTIVELY. IF NOT USED WITHIN THE STATUTORY TIME FRAME, THESE LOSS CARRYFORWARDS WILL BEGIN TO EXPIRE DUE TO INTERNAL REVENUE CODE TIME LIMITATIONS. USING AN EFFECTIVE TAX RATE OF 25%, THE TAX LOSS CARRYFORWARDS HAVE AN APPROXIMATELY 201,000 AND 341,750 POTENTIAL TAX BENEFIT AT JUNE 30, 2025 AND 2024, RESPECTIVELY. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDEND ALLOCATION 1,076,504 X X false false false MARK SCHEIBE CEO 271336 3348 46383 26271 347338 ANTHONY WASHINGTON ELECTRIC SYSTEM MGR 134631 2547 67762 29513 234453 DAN AVERY DIR OF OPERATIONS 151835 6616 44031 27385 229867 ROBERT GRISIER FOREMAN 139821 237 12879 27468 180405 LUKE DECKER FOREMAN 138121 178 7691 25763 171753 ALEX MCCRACKEN JOURNEYMAN 141786 113 11851 13418 167168 FORM 990, PAGE 6, PART VI, LINE 6 MEMBER OWNED FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS RATIFY CHANGES TO THE BYLAWS FORM 990, PAGE 6, PART VI, LINE 11B REVIEWED BY SENIOR MANAGEMENT FORM 990, PAGE 6, PART VI, LINE 12C ANNUAL INTERNAL REVIEW FORM 990, PAGE 6, PART VI, LINE 15A ANNUAL APPRAISAL WITH SALARY SET ACCORDINGLY FORM 990, PAGE 6, PART VI, LINE 18 BYLAWS ARE OFFERED TO ALL NEW MEMBERS; ALL OTHER DOCUMENTS ARE AVAILABLE AT ANY TIME UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART VII FORM 990, PART IX THE COOPERATIVE'S ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED BY ITS REGULATORY AGENCY. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THEREFORE, OTHER EXPENSES LINE 24 INCLUDES EXPENSES THAT ARE DESCRIBED IN LINES 1-23, BUT REPORTED USING THE UNIFORM SYSTEM OF ACCOUNTS. FORM 990, PART VIII FORM 990, PART IX FOR THE AUDITED FINANCIAL STATEMENTS, THE AMOUNT OF PATRONAGE DIVIDENDS PAID OR ALLOCATED TO THE MEMBERS IS REPORTED AS AN INCREASE IN EQUITY AND NOT AS AN EXPENSE. THEREFORE, NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS REPORTED GROSS OF THE AMOUNT OF PATRONAGE DIVIDENDS THAT ARE EITHER ALLOCATED OR TO BE ALLOCATED AT THE TIME THE AUDITED FINANCIAL STATEMENTS ARE PREPARED. HOWEVER, BECAUSE THE ALLOCATION OF PATRONAGE DIVIDENDS IS ONE ASPECT OF HOW THE COOPERATIVE FULFILLS ITS TAX EXEMPT PURPOSE OF OPERATING ON A COOPERATIVE BASIS, THE AMOUNT OF PATRONAGE DIVIDENDS EITHER ALLOCATED OR TO BE ALLOCED TO THE MEMBERS IS REPORTED ON FORM 990, PART IX, LINE 4 AS "BENEFITS PAID TO MEMBERS." PATRONAGE DIVIDENDS ARE ALLOCATED ON A PATRONAGE BASIS AND DONE SO PURSUANT TO A PRE-EXISTING OBLIGATION AS PROVIDED FOR IN THE "NON-PROFIT OPERATION" ARTICLE OF THE COOPERATIVE'S BYLAWS. FORM 990, PART XI, LINE 9 PATRONAGE DIVIDEND ALLOCATION 1,076,504 INCREASE IN OTHER EQUITIES 366,850 INCREASE IN MEMBERSHIPS 310 EQUITY EARNINGS IN SUBSIDIARY 418,155 RETIREMENT OF CAPITAL CREDITS -736,413 TRANSFERS -292,721 TOTAL 832,685 HEARTLAND ENERGY INC PO BOX 40 GIRARD KS 66743 481207911 LPG DISTR KS HEARTLAND C CORP 2512298 5303400 1.00000 false false false false false false false false false false false false false false true true true true false false HEARTLAND ENERGY Q 361871 ACTUAL COST