PAULDING-PUTNAM ELECTRIC COOPERATIVE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PAULDING-PUTNAM ELECTRIC COOPERATIVE INC (EIN 34-4325955)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202413199349312856
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T15:53:53-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 341495118 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BASHORE REINECK STOLLER & WATERMAN INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 249 | AddressLine1Txt |
| City | PAULDING | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 458790249 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 344325955 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PAULDING PUTNAM ELECTRIC CO-OP INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PAUL | BusinessNameControlTxt |
| Phone | 4193995015 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 MCDONALD PIKE | AddressLine1Txt |
| City | PAULDING | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 45879 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RANDY PRICE | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 4193995015 | PhoneNum |
| Signature | 2024-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW F REINECK CPA | PreparerPersonNm |
| PTIN | P00116343 | PTIN |
| Phone | 4193993686 | PhoneNum |
| Preparation | 2024-11-11 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RANDY PRICE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 MCDONALD PIKE | AddressLine1Txt |
| City | PAULDING | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 45879 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $47,142,326 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.PPEC.COOP | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | OH | LegalDomicileStateCd |
| Activity Or Mission | DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 51 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $45,965,082 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $44,802,489 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,749,961 | PYInvestmentIncomeAmt |
| CY Investment Income | $2,189,623 | CYInvestmentIncomeAmt |
| PY Other Revenue | $258,310 | PYOtherRevenueAmt |
| CY Other Revenue | $150,214 | CYOtherRevenueAmt |
| PY Total Revenue | $47,973,353 | PYTotalRevenueAmt |
| CY Total Revenue | $47,142,326 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $4,528,491 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $4,339,046 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,471,038 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,365,059 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $40,973,824 | PYOtherExpensesAmt |
| CY Other Expenses | $40,438,221 | CYOtherExpensesAmt |
| PY Total Expenses | $47,973,353 | PYTotalExpensesAmt |
| CY Total Expenses | $47,142,326 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $120,578,805 | TotalAssetsBOYAmt |
| Total Assets EOY | $124,568,771 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $46,084,822 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $47,857,122 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $74,493,983 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $76,711,649 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $46,606,247 | ExpenseAmt |
| Revenue | $44,802,489 | RevenueAmt |
| Desc | DISTRIBUTION OF ELECTRICAL ENERGY TO 14,023 CONSUMERS AT 13,649 SERVICE POINTS AND THE MAINTENANCE OF APPROXIMATELY 1,725 MILES OF OVERHEAD AND UNDERGROUND DISTRIBUTION LINES. | Desc |
| Total Program Service Expenses | $46,606,247 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 47 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 51 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $44,802,489 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,339,837 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANNETTE SCHREINER | PersonNm |
| Phone | 4193995015 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 MCDONALD PIKE | AddressLine1Txt |
| City | PAULDING | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 45879 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| GEORGE CARTER | ||||||||
| CEO | 40.00 | Yes (X) | $281,290 | $0 | $39,978 | |||
| RANDY PRICE | ||||||||
| CEO | 40.00 | $166,242 | $0 | $43,948 | Yes (X) | |||
| TIMOTHY BOWLEY | ||||||||
| OPERATIONS M | 40.00 | $134,642 | $0 | $0 | Yes (X) | |||
| ROB WEISENBURGER | ||||||||
| SYSTEM ENGIN | 40.00 | $126,952 | $0 | $0 | Yes (X) | |||
| DOUG JOHANNS | ||||||||
| SENIOR STAKI | 40.00 | $114,921 | $0 | $0 | Yes (X) | |||
| JOHN MCMASTER | ||||||||
| LINE SUPERVI | 40.00 | $113,306 | $0 | $0 | Yes (X) | |||
| ANDREW HERMILLER | ||||||||
| LINEMAN SUPE | 40.00 | $111,633 | $0 | $0 | Yes (X) | |||
| STEVEN MCMICHAEL | ||||||||
| CHAIRMAN | 8.59 | $20,710 | $0 | $110 | Yes (X) | Yes (X) | ||
| JOSEPH KOHNEN | ||||||||
| VICE-CHAIRMA | 7.77 | $19,073 | $0 | $110 | Yes (X) | Yes (X) | ||
| RONALD BLACK | ||||||||
| SECRETARY/TR | 8.31 | $17,725 | $0 | $94 | Yes (X) | Yes (X) | ||
| JOHN M SAXTON | ||||||||
| TRUSTEE | 7.71 | $16,875 | $0 | $74 | Yes (X) | |||
| ADAM SCHNIPKE | ||||||||
| TRUSTEE | 7.23 | $16,675 | $0 | $110 | Yes (X) | |||
| TIMOTHY A DERCK | ||||||||
| TRUSTEE | 6.22 | $16,358 | $0 | $110 | Yes (X) | |||
| BILL BECKMAN | ||||||||
| TRUSTEE | 6.36 | $13,800 | $0 | $110 | Yes (X) | |||
| KEN W NIESE | ||||||||
| TRUSTEE | 6.52 | $12,938 | $0 | $110 | Yes (X) | |||
| WILLIAM DOWLER | ||||||||
| TRUSTEE | 4.79 | $12,450 | $0 | $110 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,195,590 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $84,864 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 10 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt | Business Name Line2ContractorName/BusinessName/BusinessNameLine2Txt |
|---|---|---|---|---|---|---|
| FRANKART POWER LINE SERVICES LLC | ||||||
| 1650 S TOWNSHIP RD 1186 | TIFFIN | OH | 44833 | LINE REBUILDS | $2,913,726 | |
| MINT CITY UTILITY SERVICES | ||||||
| PO BOX 210 | BREMEN | IN | 46506 | TREE TRIMMING | $487,073 | |
| NATIONAL INFORMATION SOLUTIONS | ||||||
| PO BOX 1147 | MANDAN | ND | 58554 | IT SERVICES | $292,477 | COOPERATIVE |
| AUNALYTICS INC | ||||||
| PO BOX 809113 | CHICAGO | IL | 60680 | SOFTWARE PROV. | $289,019 | |
| OSMOSE UTILITY SERVICES INC | ||||||
| 635 HIGHWAY 74 SOUTH | PEACHTREE CITY | GA | 30269 | POLE INSPECTION | $230,816 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| ELECTRIC SALES TO MEMBERS | $44,605,716 | $44,605,716 |
| METER READ & RECONNECT FEES | $196,773 | $196,773 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $44,802,489 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,135,648 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,620,567 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $515,081 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $101,549 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $101,549 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $101,549 | TotalRevenueColumnAmt |
| Exclusion | $101,549 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $53,975 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $53,975 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,975 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $53,975 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| SHARED SERVICES | $33,033 | $33,033 |
| OTHER NON-OPERATING INCOME | $15,632 | $15,632 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $48,665 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $47,142,326 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $46,525,696 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $616,630 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,339,046 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,101,098 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,777 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,184 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $153,415 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,222 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,052 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,164 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,020,596 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,762 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $101,934 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,773,736 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,811,508 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,248 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER COST | $29,347,421 |
| PROPERTY TAXES | $1,192,697 |
| DUES TO ASSOC ORGANIZATNS | $260,336 |
| DATA PROCESSING EXPENSE | $231,782 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,333,348 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $47,142,326 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $811,300 | BOYAmt |
| EOY | $548,004 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $482,421 | BOYAmt |
| EOY | $283,806 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,917,721 | BOYAmt |
| EOY | $2,428,730 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,622 | BOYAmt |
| EOY | $7,119 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,006,240 | BOYAmt |
| EOY | $989,359 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $171,403 | BOYAmt |
| EOY | $206,369 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $123,480,381 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $27,879,673 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $90,371,350 | BOYAmt |
| EOY | $95,600,708 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,788,703 | BOYAmt |
| EOY | $24,489,067 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,045 | BOYAmt |
| EOY | $15,609 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $120,578,805 | BOYAmt |
| EOY | $124,568,771 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,068,989 | BOYAmt |
| EOY | $6,684,453 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,843,708 | BOYAmt |
| EOY | $41,012,294 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $172,125 | BOYAmt |
| EOY | $160,375 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,084,822 | BOYAmt |
| EOY | $47,857,122 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,293 | BOYAmt |
| EOY | $61,783 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,430,690 | BOYAmt |
| EOY | $76,649,866 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,493,983 | BOYAmt |
| EOY | $76,711,649 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $120,578,805 | BOYAmt |
| EOY | $124,568,771 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $2,217,666 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $444,968 | OtherCostOrOtherBasisAmt |
| Book Value | $444,968 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,132,903 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,758,832 | DepreciationAmt |
| Book Value | $5,374,071 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $113,729,290 | OtherCostOrOtherBasisAmt |
| Depreciation | $26,120,841 | DepreciationAmt |
| Book Value | $87,608,449 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,173,220 | OtherCostOrOtherBasisAmt |
| Book Value | $2,173,220 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $95,600,708 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (21 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| BUCKEYE POWER, INC. CAPITAL CREDIT | $16,797,346 | C |
| BUCKEYE POWER COMMERCIAL PAPER | $1,752,328 | F |
| WABASH VALLEY POWER ASSOC, INC. | $1,533,440 | C |
| BUCKEYE POWER, INC. MEMBER EQUITY | $1,181,348 | C |
| COOPERATIVE FINANCIAL CORP (CFC) | $689,046 | C |
| COOPERATIVE FINANCIAL CORP (CFC) | $602,282 | C |
| CFC - MCS | $500,000 | C |
| UNITED UTILITY SUPPLY CAP CREDITS | $333,018 | C |
| VILLAGE OF OTTAWA- ECONOMIC | $324,000 | C |
| HEARTLAND EMERGENCY EQUIPMENT LLC | $235,127 | C |
| FED RURAL ELECTRIC INS CO (FREIC) | $174,085 | C |
| NATIONAL BANK FOR COOPERATIVES | $132,892 | C |
| NISC | $97,840 | C |
| NRTC | $72,164 | C |
| ACCORD TELECOMMUNICATIONS | $25,216 | C |
| WABASH AND ASSOC ORGANIZATIONS | $14,685 | C |
| STATEWIDE | $14,275 | C |
| COOPERATIVE RESPONSE CENTER (CRC) | $8,651 | C |
| GE | $1,209 | C |
| PAULDING LANDMARK, INC. | $75 | C |
| MISCELLANEOUS | $40 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $24,489,067 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CONSUMER DEPOSITS | Desc |
| Amt | $160,375 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $160,375 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $47,093,660 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $47,093,660 | RevenueSubtotalAmt |
| Other Revenues Not Included | $48,666 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $48,666 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $47,142,326 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $42,754,614 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $42,754,614 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $4,387,712 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $4,387,712 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $47,142,326 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 4, PART XI, LINE 4B | GROSS SHARED SERVICES 33,033 NETTED DONATIONS 15,633 |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | CAPITAL CREDIT ALLOCATION TO MEMBERS 4,339,046 GROSS SHARED SERVICES 33,033 NETTED DONATIONS 15,633 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| GEORGE CARTER | ||||
| CEO | $281,290 | $23,713 | $16,265 | $321,268 |
| RANDY PRICE | ||||
| CEO | $166,242 | $25,183 | $18,765 | $210,190 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | PART IX, LINE 4: BENEFITS PAID TO MEMBERS. THE COOPERATIVE IS INTERPRETING THE TERM "BENEFITS PAID TO MEMBERS" TO MEAN CAPITAL CREDITS ALLOCATED OR TO BE ALLOCATED TO MEMBERS FROM CURRENT YEAR NET MARGINS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | ANY PERSON, FIRM, OHIO LIMITED LIABILITY COMPANY OR BODY POLITIC MAY BECOME A MEMBER IN THE COOPERATIVE AT THEIR PRIMARY RESIDENCE OR PLACE OF BUSINESS BY: (A) AGREEING TO PURCHASE FROM THE COOPERATIVE ELECTRIC ENERGY AS HEREINAFTER SPECIFIED; AND (B) PROVIDING RIGHT OF WAY ACCESS TO ALL COOPERATIVE OWNED PROPERTY AND EQUIPMENT, (C) ALLOWING FOR THE REGULAR MAINTENANCE, IMPROVEMENT, UPGRADES AND RETIREMENTS OF ALL COOPERATIVE OWNED EQUIPMENT INCLUDING RIGHT OF WAY CLEARING AND TRIMMING, AND (D) AGREEING TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION OF THE COOPERATIVE AND THE CODE OF REGULATIONS AND ANY AMENDMENTS THERETO AND SUCH RULES AND REGULATIONS AS MAY FROM TIME TO TIME BE ADOPTED BY THE BOARD OF TRUSTEES. NO PERSON, FIRM, CORPORATION OR BODY POLITIC MAY OWN MORE THAN ONE MEMBERSHIP IN THE COOPERATIVE. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE BOARD OF TRUSTEES IS NOMINATED AND ELECTED BY THE MEMBERSHIP. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE BOARD OF TRUSTEES ARE ELECTED FROM THE MEMBERSHIP BY THE MEMBERS. MEMBERSHIP APPROVAL IS REQUIRED FOR THE COOPERATIVE TO SELL, LEASE, MORTGAGE OR DISPOSE OF ALL OR SUBSTANTIALLY ALL ITS PROPERTY, NOT WITHSTANDING THE RIGHT OF THE TRUSTEES TO BORROW MONEY AS DEEMED APPROPRIATE BY THE BOARD OF TRUSTEES. MEMBER APPROVAL IS REQUIRED TO ALTER, AMEND OR REPEAL THE CODE OF REGULATIONS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE BOARD OF DIRECTORS REVIEW A DRAFT COPY OF FORM 990 WITH THE PAID PREPARER PRIOR TO FILING. THE FORM IS READ THROUGH FOR REASONABLENESS OF RESPONSES AND INFORMATION PROVIDED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | BOARD POLICY DICTATES THAT THE CONFLICT OF INTEREST POLICY BE MONITORED BY DEPARTMENT AND ENFORCED BY DEPARTMENT HEADS. ALL EMPLOYEES OF THE COOPERATIVE ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. DURING 2022, THE DEPARTMENT HEADS DID NOT ENCOUNTER ANY CIRCUMSTANCES WHERE THE CONFLICT OF INTEREST POLICY WAS REQUIRED TO BE ENFORCED. IT IS INTENT OF THE POLICY TO AVOID CONFLICTS OF INTEREST WHEN AT ALL POSSIBLE. A CONFLICT WOULD PROHIBIT THE PERSON FROM PARTICIPATING IN DELIBERATIONS AND DECISIONS WITH REGARD TO THE CONFLICTED TRANSACTION. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD DETERMINES COMPENSATION FOR THE COOPERATIVE'S CEO ON AN ANNUAL BASIS FOLLOWING GUIDELINES ESTABLISHED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION (NRECA) ALONG WITH RESEARCH AND REVIEW OF LOCAL, REGIONAL AND NATIONAL DATA AVAILABLE FROM NRECA AND OTHER AREA COOPERATIVES AS INDICATED ON THEIR 990 FORMS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION FOR TRUSTEES AND OFFICERS OF THE BOARD OF TRUSTEES ARE BASED ON A DIRECTOR FEE SURVEY COMPLETED BY THE STATEWIDE ORGANIZATION - OHIO RURAL ELECTRIC COOPERATIVES, INC. |
| FORM 990, PAGE 6, PART VI, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9 | DONATED CAPITAL 312,672 ALLOCATED CAPITAL CREDITS RETAINED 4,339,047 CAPITAL CREDITS RETIRED -2,432,543 MEMBERSHIPS REDEEMED DURING 2022 -1,510 TOTAL 2,217,666 |