Heartland Rural Electric Membership Corporation

Organization Overview

Heartland Rural Electric Membership Corporation, operating under the name Heartland Remc, is located in Markle, IN. The organization was established in 2015. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Heartland Remc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Remc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2022, Heartland Remc generated $27.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $21.3m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SALE OF ELECTRICITY AND BROADBAND INTERNET TO MEMBERS OF HEARTLAND RURAL ELECTRIC MEMBERSHIP CORPORATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTION OF ELECTRICITY AND INTERNET FIBER TO RURAL CUSTOMERS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $112,352
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $25,654,684
Miscellaneous Revenue$0
Total Revenue $27,240,056

Peer Organizations

Organization NameAssets
Clay County Rural Telephone Cooperative Inc
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$27,562,208
Heartland Rural Electric Membership Corporation
Markle, IN
$27,240,056
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