2024-10-03T10:28:42-04:00 2023-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2023-01-01 742805422 HEARTLAND RURAL ELECTRIC COOPERATIVE HEAR 6207248251 PO BOX 40 GIRARD KS 66743 MARK SCHEIBE CEO 6207245515 2024-09-26 true false MICHAEL K BURKE CPA P00054433 9187498337 2024-09-26 2023 2024-10-15 13:58:12Z LAVONNA STAINBROOK PO BOX 40 GIRARD KS 66743 26619972 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 58 0 0 27093223 26331195 96933 188416 748269 42715 27938425 26562326 21544 15101 1680566 1389166 1166241 1207649 0 0 25070074 24245241 27938425 26857157 -294831 71044104 72640677 41867684 42563781 29176420 30076896 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 - 11,930 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 131 0 true 58 true false false false false false 26000394 655723 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 65.00 X 258687 0 66517 ANTHONY WASHINGTON ELEC SYSTEM 48.00 X 129988 0 94937 DAN AVERY DIR OF OPERA 48.00 X 141642 0 68163 JUSTIN WEIMER IT MANAGER 43.00 X 121259 0 41996 LARISSA BOWMAN DIRECTOR OF 60.00 X 118610 0 25495 STEVE MCFARLAND DIRECTOR 3.00 X 14711 0 0 RONALD TAYLOR DIRECTOR 3.00 X 11250 0 0 LARRY LINDBERG DIRECTOR 2.00 X 9948 0 0 LAVONNA STAINBROOK DIRECTOR 3.00 X 9948 0 0 HH STOCKERBRAND DIRECTOR 3.00 X 9514 0 0 ERNIE TROTH DIRECTOR 3.00 X 9080 0 0 TYLER JACKMAN DIRECTOR 1.00 X 6910 0 0 DEAN DAVIED DIRECTOR 1.00 X 6376 0 0 847923 297108 5 false true false APEX ROW PO BOX 788 MARSHALL AR 72650 HERBICIDE SPRAY 1777206 JK FENCING 5319 CR 5800 CHERRYVILLE KS 67335 ROW CLEARING 544499 OSMOSE UTILITIES SERVICES INC PO BOX 8000 BUFFALO NY 14267 UTILITY POLE CH 421973 POOR BOY TREE SERVICE 1027 S VIRGINIA AVE JOPLIN MO 64801 ROW CLEARING 105706 4 ELECTRIC REVENUE 221000 26000394 26000394 PATRONAGE DIVIDENDS 221000 330801 330801 26331195 156651 156651 21198 21198 21198 21198 89411 57646 31765 31765 31765 RELATED REVENUE 13423 13423 NON OPERATING REVENUE 8094 8094 21517 26562326 26352712 209614 X 15101 1389166 402941 804708 1211407 2598320 COST OF POWER 14230214 DISTRIBUTION 3936617 GENERAL & ADMINISTRATIVE 1052070 TAXES 688667 527946 26857157 0 0 0 2025999 2496632 2695544 2238735 128873 133945 1604769 1080760 86732109 34216348 50445298 52515761 14143621 14174844 71044104 72640677 2544281 2134289 1050000 646000 37513302 38417235 760101 1366257 41867684 42563781 X 42230 42335 5285537 5355793 23848653 24678768 29176420 30076896 71044104 72640677 X -294831 1195307 X false true X true false 447170 447170 3359086 1483430 1875656 81883559 32732918 49150641 51473467 INVST IN ASSOCIATED ORGANIZATIONS 8886884 C INVESTMENT IN SUBSIDIARY 4007064 C NRUCFC CAPITAL TERM CERTIFICATES 796670 C RURAL ECONOMIC DEVELOPMENT LOAN 395556 C INV IN ASSOC. ORG. - GENERAL FUNDS 88670 C 14174844 CONSUMER DEPOSITS 513263 LINE OF CREDIT 500000 CUSTOMER PREPAYMENTS 342534 OTHER DEFERRED CREDITS 10460 1366257 X 26562326 26562326 26562326 25467991 25467991 1389166 1389166 26857157 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 1,367,000 AND 1,475,000 AS OF JUNE 30, 2024 AND 2023,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 341,750 AND 368,750 POTENTIAL TAX BENEFIT AT JUNE 30, 2024 AND 2023, RESPECTIVELY. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDEND ALLOCATION 1,389,166 X X false false false MARK SCHEIBE CEO 255893 2794 41611 24906 325204 ANTHONY WASHINGTON ELEC SYSTEM MGR 128125 1863 68497 26440 224925 DAN AVERY DIR OF OPERATIONS 140608 1034 42144 26019 209805 JUSTIN WEIMER IT MANAGER 121003 256 16674 25322 163255 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 1,389,166 INCREASE IN OTHER EQUITIES 715,870 INCREASE IN MEMBERSHIPS 105 EQUITY EARNINGS IN SUBSIDIARY 294,831 RETIREMENT OF CAPITAL CREDITS -557,384 TRANSFERS -647,281 TOTAL 1,195,307 HEARTLAND ENERGY INC PO BOX 40 GIRARD KS 66743 481207911 LPG DISTR KS HEARTLAND C CORP 1940394 4829760 1.00000 false false true false true false false false false false false false false false true true true true false false HEARTLAND ENERGY D 2185000 ACTUAL COST HEARTLAND ENERGY B 450000 ACTUAL COST HEARTLAND ENERGY Q 434878 ACTUAL COST