Heartland Rural Electric Membership Corporation

Heartland Remc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 471911282 ✦ Markle, IN ✦ Designated as a 501(c)(12)

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Overview

What is Heartland Rural Electric Membership Corporation?

Heartland Rural Electric Membership Corporation, also known as Heartland REMC, is a nonprofit organization based in Markle, Indiana. With a team of 60 employees, their primary mission is to distribute electricity and internet fiber to rural customers. They sell both electricity and broadband internet services to members of the corporation. This community-focused organization provides essential utilities to its members, ensuring they have access to reliable energy and internet services.


Official website here: www.heartlandremc.com

What are the reviews and ratings of this charity?

Heartland Rural Electric Membership Corporation is not currently rated by Charity Navigator, primarily because it does not meet the requirement of being a 501(c)(3) IRS registered nonprofit. This lack of rating does not imply any inherent issues with the organization but reflects that it hasn't been subjected to the specific evaluations that Charity Navigator conducts.

The absence of data such as total revenue, expenses, and key salaries further limits the ability to get a comprehensive evaluation from Charity Navigator. Historically, ratings from platforms like these focused more on accountability and financial transparency, which can't be assessed here due to the organization's non-501(c)(3) status.

As there are no user reviews available from GreatNonprofits, insights into individual experiences with Heartland Rural Electric Membership Corporation are unavailable. This absence of feedback gives a limited view into the community perception and operational impacts of the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Heartland Rural Electric Membership Corporation legitimate?

Heartland Rural Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Heartland Rural Electric Membership Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.heartlandremc.com

What is the mission statement of Heartland Rural Electric Membership Corporation?

Heartland Rural Electric Membership Corporation is dedicated to providing essential electric and broadband internet services to its membership base. Through the sale of electricity and internet fiber, the corporation ensures that rural communities have access to these crucial modern conveniences. The organization's primary focus lies in the distribution of electricity and high-speed internet to rural customers, enhancing their quality of life and connectivity. By offering these services, Heartland Rural Electric Membership Corporation significantly contributes to the improvement of daily life experiences for its members.


Official website here: www.heartlandremc.com

Who is the CEO of Heartland Rural Electric Membership Corporation?

Robert Pearson is the CEO of Heartland Rural Electric Membership Corporation The CEO's salary of Heartland Rural Electric Membership Corporation is $183,997 and their total compensation is $198,708.


Official website here: www.heartlandremc.com

What is the revenue of Heartland Rural Electric Membership Corporation?

Heartland Rural Electric Membership Corporation's revenue in 2023 was $84,024,790.


Official website here: www.heartlandremc.com

Who are the executives of Heartland Rural Electric Membership Corporation and what are their salaries?

The average compensation at Heartland Rural Electric Membership Corporation during 2023 was $74,944. There are 63 employees at Heartland Rural Electric Membership Corporation.

Here are 20 key members and their salaries (Heartland Rural Electric Membership Corporation's CEO's salary is $183,997 and their total compensation is $198,708):


Doug Wilcox (President)
  • Compensation: $18,345
  • Related: $0
  • Other: $0
Matthew Quickery (Vice President)
  • Compensation: $18,445
  • Related: $0
  • Other: $0
Jason Dawes (Sec/Treas)
  • Compensation: $18,215
  • Related: $0
  • Other: $0
Laura Cole (Asst Sec/Treas)
  • Compensation: $19,195
  • Related: $0
  • Other: $0
Alan Amick (Director)
  • Compensation: $16,945
  • Related: $0
  • Other: $0
Adam Fusselman (Director)
  • Compensation: $16,695
  • Related: $0
  • Other: $0
Robert Hippensteel (Director)
  • Compensation: $16,445
  • Related: $0
  • Other: $0
Ralph Keefer (Director)
  • Compensation: $16,695
  • Related: $0
  • Other: $0
Ted Martz (Director)
  • Compensation: $15,195
  • Related: $0
  • Other: $0
Alan Schlagenhauf (Director)
  • Compensation: $16,195
  • Related: $0
  • Other: $0
Joh Smith (Director)
  • Compensation: $17,695
  • Related: $0
  • Other: $0
D'Ann Stouffer (Director)
  • Compensation: $20,125
  • Related: $0
  • Other: $0
Colt Burnau (Ceo)
  • Compensation: $258,132
  • Related: $0
  • Other: $33,634
William Dye (Cfo)
  • Compensation: $143,832
  • Related: $0
  • Other: $33,420
Nicholas Caley (Corporate Comm & Mbr Srv Mgr)
  • Compensation: $148,809
  • Related: $0
  • Other: $32,854
Michael Kelsey (Operations Manager)
  • Compensation: $144,310
  • Related: $0
  • Other: $32,826
Eric Laymon (Manager Of Eng & Operation)
  • Compensation: $141,487
  • Related: $0
  • Other: $32,209
Alec Wells (Journeyman Lineman)
  • Compensation: $136,233
  • Related: $0
  • Other: $32,504
Brady Miller (Foreman)
  • Compensation: $136,710
  • Related: $0
  • Other: $13,453
Robert Pearson (Former Ceo)
  • Compensation: $183,997
  • Related: $0
  • Other: $14,711


Official website here: www.heartlandremc.com

Where can I find the form 990 for Heartland Rural Electric Membership Corporation?

Heartland Rural Electric Membership Corporation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.heartlandremc.com

Learn more at the official website: www.heartlandremc.com

Mission Statement of Heartland Rural Electric Membership Corporation

Heartland Rural Electric Membership Corporation, with its mission at heart, focuses on providing essential electric and broadband internet services to its rural members. This nonprofit organization is dedicated to ensuring that its members have access to these necessities, enhancing their overall quality of life. Through its sales of electricity and broadband internet, Heartland Rural Electric Membership Corporation plays a pivotal role in connecting and empowering rural communities.

Heartland Rural Electric Membership Corporation's primary activity revolves around the distribution of electricity and internet fiber to its members. The organization's commitment to its members transcends the mere provision of services, as it strives to enhance their living standards with reliable and efficient solutions. By selling electricity and broadband internet, Heartland Rural Electric Membership Corporation bridges the gap for rural areas, ensuring that they stay connected in today's digital world.

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Impact




October, 2024

Heartland Rural Electric Membership Corporation significantly enhances the quality of life in its service area by providing reliable electricity and broadband internet access to rural communities. By focusing on the distribution of electricity and internet fiber, Heartland ensures that its members, primarily in rural Indiana, have access to essential services that are critical for modern living, education, and economic development.

The availability of electricity supports households and businesses, driving local economies and fostering community growth. Simultaneously, the provision of broadband internet bridges the digital divide, enabling residents to access information, online education, remote work opportunities, and telehealth services. This dual impact not only improves individual livelihoods but also promotes community resilience and connectivity.

As a member-focused organization, Heartland prioritizes mutual benefit, striving to meet the needs of its members and adapting to the changing demands of rural populations. By reinforcing infrastructure and investing in the latest technologies, Heartland plays a crucial role in empowering its members, helping to create thriving, sustainable rural communities in Indiana.




This information is meant to be a general summary of Heartland Rural Electric Membership Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$84,024,790 (2023)
Expenses
$77,013,511 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $264,101
  • Program Service Revenue: $80,636,664
  • Gross Receipts: $84,024,790

Assets and Liabilities:

  • Total Assets: $182,379,683
  • Total Liabilities: $94,002,709
  • Net Assets: $88,376,974

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

COMMERCIAL & INDUSTRIAL SALES

Revenue

$42,295,235

RESIDENTIAL SALES

Revenue

$36,688,953

INTERNET REVENUE

Revenue

$1,352,847

ALL OTHER

Revenue

$299,629

Organization Details

Founding Year

2014

Principal Officer

William Dye

NTEE Category

Code: Y22 - Mutual benefit

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