2023-05-02T10:02:16-00:00 2022-12-31 990 2022-01-01 310231070 Butler Rural Electric Cooperative Inc % Judith D Persinger BUTL 5138674400 3888 Stillwell Beckett Road Oxford OH 45056 Thomas C Wolfenbarger General Manager 5138674400 2023-05-01 false Thomas Wolfenbarger 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Thomas C Wolfenbarger 3888 Stillwell Beckett Road Oxford OH 45056 37462282 false X butlerrural.coop X 1936 OH BUTLER RURAL ELECTRIC COOPERATIVE INC IS AN ELECTRIC DISTRIBUTION COOPERATIVE, PROVIDING ELECTRIC SERVICES TO MEMBER IN BUTLER, HAMILTON, PREBLE AND MONTGOMERY COUNTIES. 9 0 49 155242 0 35195094 36419165 17167 80680 746254 754614 35958515 37254459 20500 17000 3183396 2926275 5463722 5815293 0 0 27290897 28495891 35958515 37254459 0 91497064 94737725 50164539 52876643 41332525 41861082 X TO BE A DYNAMIC, PROGRESSIVE ORGANIZATION GUIDED BY COOPERATIVE PRINCIPLES AND TO PROVIDE ENERGY AND OTHER VALUE-ADDED SERVICES TO ITS MEMBERS. THE COOPERATIVE WILL PARTICPATE IN ITS COMMUNITIES, PROVIDING LEADERSHIP AND SUPPORT TO IMPROVE THE QUALITY OF LIFE FOR ALL OF ITS CITIZENS. false false 37254459 17000 37254459 NUMBER OF MEMBERS SERVED 11,655 MONTHLY PUBLICATION OHIO COOPERATIVE LIVING THE COOPERATIVE IS AN INTEGRAL PART OF THE COMMUNITY, PROVIDING ELECTRIC SERVICE TO THE MEMBERS IN BUTLER, HAMILTON, MONTGOMERY AND PREBLE COUNTIES IN THE STATE OF OHIO. 37254459 false false false false false false false false false true false true false true true false false false false false false false false false false false true true true false false false false false false false false false false false true false false true 30 0 49 true true true false false false false false false false false false 36419165 1317940 false false false X 9 0 false false true false true true true true true false false true true true true true false true true false true X X Judith Persinger 5138674400 3888 Stillwell Beckett Road Oxford OH 45056 THOMAS C WOLFENBARGER GENERAL MANAGER 045.00 X X 227322 0 99186 MICHAEL MURRAY DIR OF OPERATIONS 051.00 X 149799 0 69085 JUDITH PERSINGER DIR OF ACCFINANCE 042.00 X 146231 0 61967 JULIE ABBOTT DIR OF HUMAN ADMIN 050.00 X 144934 0 61672 LISA STAGGS HERRMANN DIR OF MEMBER 042.00 X 144433 0 44895 CHARLES YOUNG MGR. ENGINEERGIN 043.00 X 132926 0 38817 DAVID EVANS PRESIDENT 007.02 X 20003 0 0 JAMES MEADOR SEC/TREASURER 005.45 X X 17036 0 0 ROBERT HOELLE VICE PRESIDENT 006.53 X X 16381 0 0 MICHAEL TILTON TRUSTEE 004.66 X 15545 0 0 ROBERT SPAETH TRUSTEE 008.30 X 14358 0 0 RONALD KOLB TRUSTEE 007.13 X 13565 0 0 JAY HASBROOK TRUSTEE 007.94 X 12402 0 0 THOMAS L MCQUISTON TRUSTEE 005.83 X 11883 0 0 JAMES O'BRIEN TRUSTEE 002.55 X 7706 0 0 WILLIAM FOSTER TRUSTEE 007.09 X X 6683 0 0 1081207 375622 6 true true false NRECA 4301 WILSON BLVD ARLINGTON VA 22203 INSURANCE BENEFITS 2326652 ASPLUNDH TREE EXPERT CO PO BOX 825124 PHILADELPHIA PA 19182 ROW CLEARING 862149 UNITED UTILITY SUPPLY COOPERATIVE I PO BOX 32170 LOUISVILLE KY 40232 DISTRIBUTION LINE MATERIAL 1032432 LEWIS TREE SERVICE INC PO BOX 731897 DALLAS TX 75373 ROW CLEARING 305387 AMPP CONSTRUCTION INC PO BOX 65 WINCHESTER IN 47394 DISTRUBTION LINE CONSTRUCTION 480735 12 Sale of electric energy 221000 36307243 36307243 Program Service Revenue 111922 111922 36419165 86350 86350 333563 333563 333563 333563 19353 25023 -5670 -5670 -5670 274042 182800 91242 91242 Associated Orgn Patronage Capital 900099 174567 174567 Electrician Services Non Member 811000 155062 155062 Internet Non Member 517000 180 180 329809 37254459 36419165 155242 680052 0 17000 17000 0 2926275 2926275 1081207 1081207 0 3044227 3044227 573949 573949 816494 816494 299416 299416 0 110227 110227 24425 24425 0 0 273031 273031 246318 246318 160590 160590 278416 278416 0 1552608 1552608 77262 77262 0 129730 129730 1531619 1531619 0 2801666 2801666 100349 100349 State of Ohio kWh Tax 974556 974556 Cost of Power 18040223 18040223 Right of Way Clearing ROW 1185351 1185351 1009520 1009520 37254459 37254459 842184 749556 90464 2063864 3561872 4379242 599062 778866 167819 175552 94956431 26085799 68356708 68870632 15036387 14910036 2474568 2399212 368000 410765 91497064 94737725 4152399 4182116 44865435 47222481 1146705 1472046 50164539 52876643 X 120140 120560 41212385 41740522 41332525 41861082 91497064 94737725 X 0 528557 X true X true X true false 1062126 1062126 7627370 3544899 4082471 86266935 22540900 63726035 68870632 Financial derivatives and other financial products Closely-held equity interests Investments Assoc Orgn Patronage Capital 13209380 C Investments Assoc Orgn - Other 686068 C Investments - Memberships 297613 C Investments - Other 290886 C Investments - Capital Term Certificates 421070 C Investments - CTC Interest Receivable 5019 C 14910036 Federal income taxes Accumulated Operating Provision 375527 Accumulated Provision for Rate Refund 74477 Consumer Deposits 108837 Consumer Advance for Construction Deferred Credits 913205 1472046 X X 2 The Cooperative is a Rural Electric Cooperative exempt from federal income taxes under Section 501c12 of the Internal Revenue Service Code. Accordingly, no provision for federal income taxes has been recorded. The Cooperative complies with ASC 740-10 related to uncertain tax positions. ASC 740-10 prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken on a tax return. Management is not aware of any tax positions taken by the Cooperative on its tax returns that they consider to be uncertain or that would jeopardize its tax-exempt status. Tax returns for years ended 2019, 2020 and 2021 are still open and subject to examination by the Internal Revenue Service. true BREC Scholarships 17000 College Scholarships 1 Scholarships 10 17000 Part I Line 2 Scholarships were awarded to 10 students whose parents are members of Butler Rural Electric Cooperative Inc. Students were required to complete an application and interview with judges from outside the cooperative. The funds are made payable to the student and /or the college or university designated by the student. One scholarship is awarded to Miami University, Oxford, Ohio School of Engineering. For this scholarship, the department chooses the student. false false false THOMAS C WOLFENBARGER GENERAL MANAGER 202050 5827 19445 70800 41078 339200 40397 MICHAEL MURRAY DIR OF OPERATIONS 139869 5085 4845 45737 35574 231110 28420 JUDITH PERSINGER DIR OF ACCFINANCE 136102 5446 4663 38618 34746 219575 20460 WILLIAM FOSTER TRUSTEE 6683 6683 JULIE ABBOTT DIR OF HUMAN ADMIN 137380 4991 2563 33920 39051 217905 15764 CHARLES YOUNG MGR. ENGINEERGIN 126127 795 6004 15613 33576 182115 LISA STAGGS HERRMANN DIR OF MEMBER 136102 4947 3384 17344 38811 200588 30033 Form 990, Part III, Line 1 TO BE A DYNAMIC, PROGRESSIVE ORGANIZATION GUIDED BY COOPERATIVE PRINCIPLES AND TO PROVIDE ENERGY AND OTHER VALUE-ADDED SERVICES TO ITS MEMBERS. THE COOPERATIVE WILL PARTICIPATE IN ITS COMMUNITIES, PROVIDING LEADERSHIP AND SUPPORT TO IMPROVE THE QUALITY OF LIFE FOR ALL ITS CITIZENS. Form 990, Part VI, Section B, Line 10A THE COOPERATIVE DOES NOT HAVE ANY LOCAL CHAPTERS, BRANCHES OR AFFILIATES. THE COOPERATIVE HAS ONLY ONE PLACE OF BUSINESS. Form 990, Part VI, Line 6 CLASSES OF MEMBERS OR STOCKHOLDERS OF BUTLER RURAL ELECTRIC COOPERATIVE INC. ARE COMPRISED OF MEMBERS WHO ARE ANY PERSON, WHETHER A NATURAL PERSON OR A FIRM ASSOCIATION, CORPORATION, PARTNERSHIP, BODY POLITIC OR SUBDIVISION THEREOF WHO RECEIVE ELECTRIC SERVICE FROM THE COOPERATIVE, AGREE TO COMPLY WITH AND BE BOUND BY THE ARTICLES OF INCORPORATION AND CODE OF REGULATIONS BY THE COOPERATIVE, ANY RULES AND REGULATIONS AND POLICIES ADOPTED BY THE BOARD OF TRUSTEES. Form 990, Part VI, Line 7A ELECTION OF MEMBERS AND THEIR RIGHTS THE ANNUAL MEETING OF THE MEMBERS SHALL BE HELD EACH YEAR AT SUCH A TIME AND PLACE SELECTED BY THE BOARD AND WHICH SHALL BE DESIGNATED IN THE NOTICE OF THE MEETING, FOR THE PURPOSE OF REPORTING THE RESULTS OF THE ELECTION OF TRUSTEES, PASSING UPON REPORTS FOR THE PREVIOUS FISCAL YEAR AND TRANSACTING SUCH OTHER BUSINESS AS MAY COME BEFORE THE MEETING. IT SHALL BE THE RESPONSIBILITY OF THE BOARD TO MAKE ADEQUATE PREPARATIONS FOR THE ANNUAL MEETING. FAILURE TO HOLD THE ANNUAL MEETING AT THE DESIGNATED TIME SHALL NOT WORK AS FORFEITURE OR DISSOLUTION OF THE COOPERATIVE. IN THE EVENT THE SUCH ANNUAL MEETING IS NOT HELD, FOR ANY REASON, ALL MATTERS TO BE ATTENDED TO WILL BE CONSIDERED AT THE NEXT ANNUAL MEETING, THE DATE AND TIME TO BE DESIGNATED BY THE BOARD OF TRUSTEES. Form 990, Part VI, Line 15A COMPENSATION PROCESS FOR THE TOP OFFICIAL THE COOPERATIVE USES THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATIONS COMPENSATION SURVEY TO ASSIST IN THE DECISION BY THE BOARD OF TRUSTEES ON THE COMPENSATION OF THE GENERAL MANAGER. THIS DECISION IS MADE EACH EACH DECEMBER DURING THE GENERAL MANAGERS EMPLOYEE PERFORMANCE EVALUATION. THE EVALUATION IS WRITTEN AND ORAL REVIEW IS MADE BY THE BOARD OF TRUSTEES TO THE GENERAL MANAGER. THIS SURVEY IS ALSO USED FOR OTHER OFFICERS OR KEY EMPLOYEES OF THE COOPERATIVE. THE SALARY FOR OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE GENERAL MANAGER. Form 990, Part I, Line 14 AS PER THE CODE OF REGULATIONS, ARTICLE VII NON-PROFIT OPERATIONS, SECTION 2, PATRONAGE CAPITAL IN CONNECTION WITH FURNISHING ELECTRIC ENERGY BUTLER RURAL ELECTRIC COOPERATIVE INC. OPERATES ON A NON-PROFIT BASIS. ALL AMOUNTS IN EXCESS OPERATING COSTS AND EXPENSES ARE CLEARLY REFLECTED AND CREDITED IN AN APPROPRIATE RECORD TO THE CAPITAL ACCOUNT OF EACH PATRON. AT THE CLOSE OF THE YEAR, EACH PATRON IS NOTIFIED ON THE AMOUNT OF CAPITAL THAT HAS BEEN CREDITED TO EACH PATRONS ACCOUNT. ALL SUCH AMOUNTS CREDITED TO THE CAPITAL ACCOUNT OF ANY PATRON SHALL HAVE THE SAME STATUS AS THOUGH THEY HAD BEEN PAID TO THE PATRON IN CASH IN PURSUANCE OF A LEGAL OBLIGATION TO DO SO AND THE PATRON HAD THEN FURNISHED THE COOPERATIVE CORRESPONDING AMOUNTS OF CAPITAL. THE AMOUNT ON PART 1 LINE 14 AND PART IX LINE 4 BENEFITS PAID TO OR FOR MEMBERS IS THE AMOUNT THAT WAS ALLOCATED TO THE PATRONS OF BUTLER RURAL ELECTRIC COOPERATIVE INC. FOR THE CURRENT TAX YEAR. Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS EXPLANATION CHANGE IN FUND BALANCE- CURRENT YEAR MARGINS 2,926,275 INCREASE IN MEMBERSHIPS 420 RETIRED PATRONAGE 2,517,076 RE-ALLOCATION OF UNCLAIMED FUNDS 122,857 DECREASE IN PATRONAGE PAYABLE ACCOUNT 3,987 CORRECTION TO ALLOCATION 68 Form 990, Part VI, Line 11B ORGANIZATIONS PROCESS TO REVIEW FORM 990 THE FORM 990, ITS RELATED SCHEDULES AND SUPPLEMENTAL INFORMATION ARE PRESENTED TO THE BOARD OF TRUSTEES AT A REGULARLY SCHEDULED MEETING OF THE BOARD PRIOR TO FILING OF THE REPORT WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12C ENFORCEMENT OF CONFLICTS OF POLICY EACH YEAR, BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST, BY SIGNING A STATEMENT OF NON-CONFLICT. IF THERE IS A CONFLICT OF INTEREST, IT WILL BE EVALUATED ON A CASE-BY-CASE BASIS AND DEALT WITH IN AN APPROPRIATE MANNER, UPON THE ADVICE OF LEGAL COUNSEL. Form 990, Part VI, Line 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE GOVERNING DOCUMENTS OF THE COOPERATIVE ARE GIVEN TO EACH MEMBER, IN WRITTEN FORM AND AVAILABLE ON THE COOPERATIVES WEBSITE. AT THE TIME OF MEMBERSHIP, THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE PUBLISHED EACH YEAR IN THE OHIO COOPERATIVE LIVING MAGAZINE AFTER THE ANNUAL AUDIT BY AN INDEPENDENT AUDITING FIRM. THIS MAGAZINE IS DISTRIBUTED MONTHLY TO EACH MEMBER OF THE COOPERATIVE. Brec-Select Inc 3888 Stillwell Beckett Road Oxford OH 45056 020577826 Electrician Services OH 501c12 Butler Rural Electric Cooperative Inc false false false false false false false false false false false false false false false false false false false false