Nonprofit · EIN 35-0672654
SOUTHERN INDIANA POWER
Tax-exempt · TELL CITY, IN 47586
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $46,037,615 | $46,037,615 | $0 | $84,439,254 | $34,271,081 | $50,168,173 |
| December 31, 2023 | 990 | $44,442,006 | $44,442,006 | $0 | $84,203,592 | $35,736,080 | $48,467,512 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $43,492,893
- Investment income
- $965,370
- Net rental income
- $734,246
- Net gain from sales of assets
- $8,129
- Other revenue
- $1,579,352
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $2,478,079
- Compensation of officers, directors and key employees
- $402,788
- Other salaries and wages
- $2,757,572
- Salaries, compensation and benefits (total)
- $3,160,360
- Professional fundraising fees
- $0
- Legal fees
- $8,492
- Accounting fees
- $14,140
- Depreciation
- $2,514,346
- Program services (functional)
- $46,010,670
- Management and general (functional)
- $26,945
Balance sheet and other
- Total assets, start of year
- $84,203,592
- Total assets, end of year
- $84,439,254
- Total liabilities, end of year
- $34,271,081
- Net assets, end of year
- $50,168,173
- Land, buildings and equipment
- $55,364,170
- Gross unrelated business income
- $1,461
- Gross receipts
- $46,079,288
- Employees
- 32
- Volunteers
- 0
- Year formed
- 1939
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN SEIBERT | PRESIDENT/CEO Officer | 50 | $250,824 | $76,914 |
| STEPHEN FORTWENDEL | MANAGER OF OPERATIONS Highest-paid employee | 50 | $123,669 | $46,820 |
| TRAVIS GOFFINET | JOURNEYMAN LINEMAN Highest-paid employee | 45 | $125,352 | $41,845 |
| TODD HAMMOND | MANAGER OF ENGINEERING Highest-paid employee | 40 | $114,051 | $49,351 |
| CLINT HEEKE | JOURNEYMAN LINEMAN Highest-paid employee | 44 | $116,254 | $31,018 |
| JARRETT HAWHEE | JOURNEYMAN LINEMAN Highest-paid employee | 45 | $109,050 | $20,758 |
| RANDALL KLEAVING | DIRECTOR Trustee or director | 3.2 | $13,200 | $0 |
| DAVID LYNCH | DIRECTOR Trustee or director | 3.9 | $11,800 | $0 |
| JEFF VOGEL | CHAIRMAN Trustee or director, Officer | 3.5 | $10,800 | $0 |
| KYLE KNIERIEM | DIRECTOR Trustee or director | 3.5 | $10,400 | $0 |
| CHRIS BURROUGHS | DIRECTOR Trustee or director | 3.2 | $10,050 | $0 |
| DIRK STEIN | SECRETARY/TREASURER Trustee or director, Officer | 4.2 | $9,800 | $0 |
| GARY WANINGER | VICE CHAIRMAN Trustee or director, Officer | 3.9 | $9,000 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN SEIBERT | PRESIDENT/CEO Officer | 50 | $242,765 | $69,336 |
| STEPHEN FORTWENDEL | MANAGER OF OPERATIONS Highest-paid employee | 50 | $119,357 | $43,414 |
| TODD HAMMOND | MANAGER OF ENGINEERING Highest-paid employee | 40 | $113,942 | $46,921 |
| TRAVIS GOFFINET | JOURNEYMAN LINEMAN Highest-paid employee | 45 | $121,565 | $36,442 |
| CLINT HEEKE | JOURNEYMAN LINEMAN Highest-paid employee | 45 | $116,294 | $30,650 |
| MATHEW GLENN | JOURNEYMAN LINEMAN Highest-paid employee | 42 | $108,810 | $30,122 |
| DIRK STEIN | SECRETARY Trustee or director | 4.4 | $11,350 | $0 |
| KYLE KNIERIEM | DIRECTOR Trustee or director | 4.1 | $11,350 | $0 |
| JEFF VOGEL | CHAIRMAN Trustee or director | 3.5 | $10,350 | $0 |
| RANDALL KLEAVING | DIRECTOR Trustee or director | 3.4 | $9,950 | $0 |
| CHRIS BURROUGHS | DIRECTOR Trustee or director | 3.8 | $9,600 | $0 |
| DAVID LYNCH | DIRECTOR Trustee or director | 3.1 | $9,250 | $0 |
| GARY WANINGER | VICE CHAIRMAN Trustee or director | 3.9 | $7,850 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 219, TELL CITY, IN 47586-0219
- Principal officer (990 for 2024)
- STEVE SEIBERT, PO BOX 219, TELL CITY, IN 47586
- Signed the 990
- STEVE SEIBERT, CEO
- Phone
- (812) 547-2316
- Website
- WWW.SINPWR.COM
- Return prepared by
- LWG CPAS & ADVISORS
Mission
TO PROVIDE SAFE, RELIABLE, AND AFFORDABLE POWER WHILE IMPROVING THE QUALITY OF LIFE FOR OUR MEMBERS
Program accomplishments
- DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 7,556 MEMBERS ON A COOPERATIVE BASIS.Expenses $46,010,670 · revenue $43,492,893
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-0672654
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80)
- Assets (IRS master file)
- $84,439,254
- Income (IRS master file)
- $46,079,288
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $46,037,615 | $46,037,615 | $84,439,254 | IRS |
| 990 | December 2023 | $44,442,006 | $44,442,006 | $84,203,592 | XML |
| 990 | December 2022 | $46,685,801 | $46,685,801 | $76,919,602 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-0672654).
Questions about SOUTHERN INDIANA POWER
- What is the EIN of SOUTHERN INDIANA POWER?
- The employer identification number (EIN) of SOUTHERN INDIANA POWER is 35-0672654.
- Is SOUTHERN INDIANA POWER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to SOUTHERN INDIANA POWER tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHERN INDIANA POWER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHERN INDIANA POWER due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHERN INDIANA POWER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTHERN INDIANA POWER?
- The 990 for the year ended December 31, 2024 names STEVE SEIBERT.
- Who are the officers and directors of SOUTHERN INDIANA POWER?
- The 990 for the year ended December 31, 2024 lists 13 people; 13 received compensation from the organization, the highest $250,824 (STEVEN SEIBERT, PRESIDENT/CEO).
- How much revenue does SOUTHERN INDIANA POWER have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $46,037,615, expenses of $46,037,615 and total assets of $84,439,254 at year end.
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