2023-10-06T08:49:40-04:00 2022-12-31 341495118 BASHORE REINECK STOLLER & WATERMAN INC PO BOX 249 PAULDING OH 458790249 990 2022-01-01 344325955 PAULDING PUTNAM ELECTRIC CO-OP INC PAUL 4193995015 401 MCDONALD PIKE PAULDING OH 45879 RANDY PRICE CEO 4193995015 2023-09-20 true RANDY PRICE 999009999 true MATTHEW F REINECK CPA P00116343 4193993686 2023-09-12 2022 2023-04-26 12:10:37Z RANDY PRICE 401 MCDONALD PIKE PAULDING OH 45879 47973353 false X WWW.PPEC.COOP X 1936 OH DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. 9 9 49 0 0 43965953 45965082 1346027 1749961 189422 258310 45501402 47973353 0 4781350 4528491 2070205 2471038 0 0 38649847 40973824 45501402 47973353 0 113731744 120578805 41532512 46084822 72199232 74493983 DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS. false false 47392412 45965082 DISTRIBUTION OF ELECTRICAL ENERGY TO 13,490 CONSUMERS AT 13,841 SERVICE POINTS AND THE MAINTENANCE OF APPROXIMATELY 1,707 MILES OF OVERHEAD AND UNDERGROUND DISTRIBUTION LINES. 47392412 false false false false false false false false false true true false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 47 0 true 49 true false false false false false 45965082 2008271 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X ANNETTE SCHREINER 4193995015 401 MCDONALD PIKE PAULDING OH 45879 GEORGE CARTER CEO 40.00 X 286171 0 93302 STEVEN KAHLE ENGINEERING 40.00 X 163635 0 0 HEATHER HUNT HR MANAGER 40.00 X 133577 0 0 TIMOTHY BOWLEY OPERATIONS M 40.00 X 132451 0 0 DOUG JOHANNS SENIOR STAKI 40.00 X 121240 0 0 ROB WEISENBURGER SYSTEM ENGIN 40.00 X 117178 0 0 JOHN M SAXTON TRUSTEE 7.22 X 19978 0 0 TIMOTHY A DERCK TRUSTEE 5.78 X 18840 0 0 JOSEPH KOHNEN VICE-CHAIRMA 4.96 X X 17955 0 0 ADAM SCHNIPKE TRUSTEE 5.11 X 16825 0 0 STEVEN MCMICHAEL CHAIRMAN 5.47 X X 16660 0 0 RONALD BLACK SECRETARY/TR 5.80 X X 16493 0 0 KEN W NIESE TRUSTEE 6.30 X 16388 0 0 WILLIAM DOWLER TRUSTEE 3.63 X 12800 0 0 BILL BECKMAN TRUSTEE 3.68 X 11250 0 0 JAY DANGLER TRUSTEE X 1950 0 0 RANDY PRICE CEO X 0 0 0 1103391 93302 13 false true false FRANKART POWER LINE SERVICES LLC 1650 S TOWNSHIP RD 1186 TIFFIN OH 44833 LINE REBUILDS 2200613 MINT CITY UTILITY SERVICES PO BOX 210 BREMEN IN 46506 TREE TRIMMING 400184 AUNALYTICS INC PO BOX 809113 CHICAGO IL 60680 SOFTWARE PROV. 280573 OSMOSE UTILITY SERVICES INC 635 HIGHWAY 74 SOUTH PEACHTREE CITY GA 30269 POLE INSPECTION 269577 NATIONAL INFORMATION SOLUTIONS COOPERATIVE PO BOX 1147 MANDAN ND 58554 IT SERVICES 255239 6 ELECTRIC SALES TO MEMBERS 45741340 45741340 METER READ & RECONNECT FEES 223742 223742 45965082 1749961 1433982 315979 168857 168857 168857 168857 SHARED SERVICES 76410 76410 BAD DEBT RECOVERY 10101 10101 OTHER NON-OPERATING INCOME 2942 2942 89453 47973353 47488517 484836 4528491 165256 2074602 38457 192723 4011 20500 25462 2054197 37178 124090 1527386 3644622 36349 PURCHASED POWER COST 30318047 PROPERTY TAXES 1180323 MEMBER SERVICES 279234 DUES TO ASSOC ORGANIZATNS 245814 1476611 47973353 0 0 0 269702 811300 166932 482421 3114390 2917721 17624 14622 687041 1006240 262227 171403 116967807 26596457 86580814 90371350 26481 22561292 24788703 45241 15045 113731744 120578805 5574136 6068989 35777476 39843708 180900 172125 41532512 46084822 X 65163 63293 72134069 74430690 72199232 74493983 113731744 120578805 X 0 2294751 X false true X true false 444968 444968 7036530 1610904 5425626 108275958 24985553 83290405 1210351 1210351 90371350 BUCKEYE POWER, INC. CAPITAL CREDIT 16058285 C BUCKEYE POWER COMMERCIAL PAPER 2906203 F WABASH VALLEY POWER ASSOC, INC. 1550138 C BUCKEYE POWER, INC. MEMBER EQUITY 1181348 C COOPERATIVE FINANCIAL CORP (CFC) 625499 C COOPERATIVE FINANCIAL CORP (CFC) 602282 C CFC - MCS 500000 C VILLAGE OF OTTAWA- ECONOMIC 360000 C RESCO CAPITAL CREDITS 267157 C HEARTLAND EMERGENCY EQUIPMENT LLC 227448 C FED RURAL ELECTRIC INS CO (FREIC) 167743 C NATIONAL BANK FOR COOPERATIVES 125872 C NISC 90827 C NRTC 72164 C STATEWIDE 19329 C WABASH AND ASSOC ORGANIZATIONS 14685 C ACCORD TELECOMMUNICATIONS 10000 C COOPERATIVE RESPONSE CENTER (CRC) 8651 C GE 957 C PAULDING LANDMARK, INC. 75 C MISCELLANEOUS 40 C 24788703 CONSUMER DEPOSITS 172125 172125 47851688 47851688 121665 121665 47973353 43323197 43323197 4650156 4650156 47973353 SCHEDULE D, PAGE 4, PART XI, LINE 4B GROSS SHARED SERVICES 76,410 BAD DEBT RECOVERY 10,101 NETTED DONATIONS 35,154 SCHEDULE D, PAGE 4, PART XII, LINE 4B CAPITAL CREDIT ALLOCATION TO MEMBERS 4,528,491 GROSS SHARED SERVICES 76,410 NETTED DONATIONS 35,154 BAD DEBT RECOVERY 10,101 X X X X false false false GEORGE CARTER CEO 281799 4372 93302 379473 STEVEN KAHLE ENGINEERING MANAGER 163635 163635 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 GENERAL MANAGER 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 224,415 ALLOCATED CAPITAL CREDITS RETAINED 4,528,491 CAPITAL CREDITS RETIRED -2,456,285 MEMBERSHIPS REDEEMED DURING 2022 -1,870 TOTAL 2,294,751