Nonprofit · EIN 35-6043583
SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION
Tax-exempt · MARTINSVILLE, IN 46151
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $117,076,557 | $116,042,872 | $1,033,685 | $327,147,569 | $214,683,559 | $112,464,010 |
| December 31, 2023 | 990 | $108,161,597 | $109,667,794 | -$1,506,197 | $319,263,013 | $219,925,750 | $99,337,263 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $113,889,443
- Investment income
- $2,664,552
- Net rental income
- $70,723
- Net gain from sales of assets
- $2,581,039
- Net income from sales of inventory
- $35,068
- Other revenue
- $522,562
Expenses
- Grants and similar amounts paid
- $17,423
- Benefits paid to members
- $12,309,185
- Compensation of officers, directors and key employees
- $2,085,272
- Other salaries and wages
- $9,006,519
- Salaries, compensation and benefits (total)
- $15,388,605
- Professional fundraising fees
- $0
- Depreciation
- $12,519,626
Balance sheet and other
- Total assets, start of year
- $319,263,013
- Total assets, end of year
- $327,147,569
- Total liabilities, end of year
- $214,683,559
- Net assets, end of year
- $112,464,010
- Land, buildings and equipment
- $269,867,496
- Publicly traded securities
- $114,989
- Gross unrelated business income
- $757,883
- Gross receipts
- $117,807,227
- Employees
- 180
- 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 |
|---|---|---|---|---|
| JAMES TANNEBERGER | PRESIDENT & CEO Officer | 60 | $351,146 | $105,847 |
| RANDY ELLIOTT | CHIEF OPERATING OFFICER Officer | 52 | $271,040 | $184,082 |
| GREGG HOPSICKER | VP OF DISTRIBUTION SERVICES Key employee | 46 | $199,918 | $112,772 |
| TAMMY HAENLEIN | VP OF MEMBER SERVICES Key employee | 45 | $169,848 | $83,658 |
| MARILOU IDLAND | VP OF HUMAN RESOURCES Key employee | 55 | $195,395 | $54,364 |
| CHAD GRIFFIN | LEAD LINE FOREMAN Highest-paid employee | 52 | $164,175 | $62,391 |
| ANDREW POLLEY | LINE FOREMAN Highest-paid employee | 55 | $173,713 | $49,285 |
| AARON HANSEN | LINE FOREMAN Highest-paid employee | 53 | $167,893 | $45,981 |
| CODY CAMPBELL | JOURNEYMAN LINEWORKER Highest-paid employee | 57 | $181,065 | $30,103 |
| BRET HOPKINS | LINE FOREMAN Highest-paid employee | 52 | $160,541 | $45,880 |
| CHARITY COFFMAN | VP OF FINANCE Key employee | 45 | $153,103 | $51,651 |
| REX FRANKLIN | DIRECTOR Trustee or director | 10 | $34,139 | $0 |
| MARK SMITH | VICE CHAIRMAN Trustee or director, Officer | 1.8 | $28,727 | $0 |
| LISA PROSSER | DIRECTOR Trustee or director | 3.5 | $15,560 | $0 |
| BRUCE HAMLIN | CHAIRMAN Trustee or director, Officer | 6.5 | $14,905 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH SEBASTIAN | DIRECTOR Trustee or director | 4 | $14,885 |
| DONALD LEE RENNER | DIRECTOR Trustee or director | 12 | $12,860 |
| BRAD SHIELDS | DIRECTOR Trustee or director | 3 | $12,610 |
| JERRY PHEIFER | SECRETARY-TREASURER Trustee or director, Officer | 7 | $9,606 |
| MICHAEL WITTE | DIRECTOR Trustee or director | 4 | $9,156 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES TANNEBERGER | PRESIDENT & CEO Officer | 70 | $321,301 | $132,452 |
| RANDY ELLIOTT | CHIEF OPERATING OFFICER Officer | 50 | $190,170 | $147,093 |
| TAMMY HAENLEIN | VP OF MEMBER SERVICES Key employee | 40 | $154,392 | $79,747 |
| BRET HOPKINS | LINE FOREMAN Highest-paid employee | 54 | $162,736 | $69,702 |
| MARILOU IDLAND | VP OF HUMAN RESOURCES Key employee | 55 | $176,850 | $51,570 |
| GREGG HOPSICKER | VP OF DISTRIBUTION SERVICES Key employee | 45 | $216,110 | $11,229 |
| CHAD GRIFFIN | LEAD LINE FOREMAN Highest-paid employee | 53 | $162,173 | $55,015 |
| AARON HANSEN | LINE FOREMAN Highest-paid employee | 54 | $163,270 | $44,313 |
| JOSH SAWYERS | LEAD LINE FOREMAN Highest-paid employee | 51 | $157,979 | $48,293 |
| ANDREW POLLEY | LINE FOREMAN Highest-paid employee | 52 | $159,371 | $45,919 |
| REX FRANKLIN | DIRECTOR Trustee or director | 9.5 | $33,287 | $0 |
| MARK SMITH | DIRECTOR Trustee or director | 1.5 | $23,396 | $0 |
| DONALD LEE RENNER | DIRECTOR Trustee or director | 11.4 | $16,285 | $0 |
| KENNETH SEBASTIAN | DIRECTOR Trustee or director | 4.4 | $15,985 | $0 |
| BRUCE HAMLIN | CHAIRMAN Trustee or director, Officer | 6.5 | $15,760 | $0 |
| LISA PROSSER | DIRECTOR Trustee or director | 3.9 | $15,635 | $0 |
| BRAD SHIELDS | DIRECTOR Trustee or director | 3.7 | $14,110 | $0 |
| HEATHER MOLLO | VICE CHAIRMAN Trustee or director, Officer | 4.5 | $13,375 | $0 |
| JERRY PHEIFER | SECRETARY-TREASURER Trustee or director, Officer | 5.2 | $9,606 | $0 |
Address and contacts
- Address (IRS master file)
- 300 MORTON AVE, MARTINSVILLE, IN 46151-2472
- Principal officer (990 for 2024)
- JAMES TANNEBERGER, 300 MORTON AVENUE, MARTINSVILLE, IN 46151
- Signed the 990
- RANDY ELLIOTT, COO
- Phone
- (765) 342-3344
- Website
- WWW.SCIREMC.COM
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
SCI REMC IS A TRUSTED ELECTRIC COOPERATIVE SERVING OUR DIVERSE COMMUNITIES WITH INNOVATIVE ENERGY SOLUTIONS AND LIFE-ENHANCING SERVICES.
Program accomplishments
- ELECTRIC DIVISION:PROVIDING RELIABLE ELECTRICITY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 35,667 ACTIVE SERVICES AT YEAR END.
- FIBER DIVISION:A SEPERATE DIVISION OF THE COOPERATIVE WAS CREATED TO PROVIDE BROADBAND INTERNET SERVICES TO ITS MEMBERS THROUGH THE CONSTRUCTION OF A FIBER OPTIC NETWORK. THE FIRST CONNECTIONS BEGAN RECEIVING SERVICE DURING 2019. FIBER OPTIC BROADBAND SERVICES OF THIS DIVISION WILL BE PROVIDED TO MEMBERS ON A PATRONAGE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL TO THE EXTENT NET MARGINS WILL EXCEED CUMULATIVE LOSSES FOR SUCH DIVISION.
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
- 35-6043583
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1939
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $327,147,569
- Income (IRS master file)
- $117,807,227
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $117,076,557 | $116,042,872 | $327,147,569 | XML |
| 990 | December 2023 | $108,161,597 | $109,667,794 | $319,263,013 | XML |
| 990 | December 2022 | $101,798,961 | $103,258,141 | $299,011,194 | 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 35-6043583).
Questions about SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION
- What is the EIN of SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION?
- The employer identification number (EIN) of SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION is 35-6043583.
- Is SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
- Are donations to SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION 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 SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION 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 SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION 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 SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION?
- The 990 for the year ended December 31, 2024 names JAMES TANNEBERGER.
- Who are the officers and directors of SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION?
- The 990 for the year ended December 31, 2024 lists 20 people; 20 received compensation from the organization, the highest $351,146 (JAMES TANNEBERGER, PRESIDENT & CEO).
- How much revenue does SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $117,076,557, expenses of $116,042,872 and total assets of $327,147,569 at year end.
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