2023-11-07T15:26:02-06:00 2022-12-31 341310124 REA & ASSOCIATES INC 212 N WASHINGTON STREET MILLERSBURG OH 44654 990 2022-01-01 340294570 HOLMES-WAYNE ELECTRIC COOPERATIVE INC HOLM 3306741055 PO BOX 112 MILLERSBURG OH 446540112 GLENN W MILLER PRESIDENT & CEO 3306741055 2023-11-07 1 GLENN MILLER 999009999 1 CHRIS ROUSH CPA P00100273 3306746055 2023-11-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GLENN W MILLER PO BOX 112 MILLERSBURG OH 446540112 52454117 0 X WWW.HWECOOP.COM X 1935 OH SINCE BEING ESTABLISHED IN 1935 IN MILLERSBURG, OH, HOLMES-WAYNE ELECTRIC COOPERATIVE, INC. HAS BEEN OPERATING AS A NON-PROFIT ELECTRIC DISTRIBUTION UTILITY. OUR PURPOSE IS TO FURNISH OUR MEMBER-CUSTOMERS WITH QUALITY, LOW COST ELECTRIC SERVICES. 9 9 43 0 0 0 0 0 0 0 76715 45067 19564373 20202638 19641088 20247705 15000 20200 3541700 2476972 5776610 6411460 0 0 0 10307778 11339073 19641088 20247705 0 0 106409889 111892981 61541191 65726851 44868698 46166130 X SEE SCHEDULE O 0 0 OUR LARGEST PROGRAM SERVICE ACCOMPLISHMENT WAS THE DISTRIBUTION OF ELECTRICITY TO THE RURAL AREAS OF EIGHT COUNTIES IN NORTHEAST OHIO. WE HAVE SERVED OVER 17,800 ACCOUNTS WITH MORE THAN 2,300 MILES OF DISTRIBUTION LINES AND 18 SUBSTATIONS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 71 0 1 43 1 0 0 0 0 0 50403261 2050856 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CASEY WAGNER 3306741055 6060 SR 83 MILLERSBURG OH 44654 DAVID TEGTMEIER TRUSTEE 3.50 X 9600 0 0 JONATHAN BERGER TRUSTEE 2.00 1.00 X 6400 0 0 JACKIE MCKEE TRUSTEE/VICE CHAIRMAN 2.10 X X 7200 0 0 WILLIAM GRASSBAUGH TRUSTEE 1.60 X 2800 0 0 RONNIE R SCHLEGEL TRUSTEE 3.70 X 8800 0 0 BARRY JOLLIFF TRUSTEE / SECRETARY / TREA 2.70 X X 10800 0 0 DAVID MANN TRUSTEE 1.60 X 2800 0 0 RANDY SPRANG TRUSTEE/ CHAIRMAN 3.00 X X 10000 0 0 CHRISTOPHER R YOUNG TRUSTEE 1.60 X 6400 0 0 GARY GRAHAM TRUSTEE 3.20 X 4400 0 0 LISA GRASSBAUGH TRUSTEE 3.50 X 5600 0 0 CASEY L WAGNER CFO 40.90 X 123574 0 66728 JOHN C PORTER ASST MANAGER & ENGINEER 40.70 X 178326 0 83704 GLENN W MILLER PRESIDENT & CEO 42.10 1.00 X 293437 0 108453 MICHAEL L MARTIN CLASS A LINEMAN 48.50 X 120279 0 49256 MICHEAL ROWE CLASS A LINEMAN 48.40 X 121590 0 52821 TAYLOR HARRIS CLASS A LINEMAN 48.10 X 119312 0 34358 JOSHUA JOHNSON CLASS A LINEMAN 48.90 X 121450 0 49256 ZACHARY CONDREN CLASS A LINEMAN 48.90 X 123477 0 52807 1276245 0 497383 8 0 1 0 DAVEY TREE EXPERT COMPANY PO BOX 709 KENT OH 44240 TREE TRIMMING 2268625 NEW RIVER ELECTRICAL CORPORATION PO BOX 70 CLOVERDALE VA 24077 LINE CONSTRUCTION 2207841 THOMPSON ELECTRIC INC 49 NORTHMORELAND AVE MUNROE FALLS OH 44262 LINE REPAIR - STORM 279524 NATIONAL INFORMATION SOLUTIONS COOPERATI PO BOX 1147 MANDAN ND 58554 SOFTWARE SERVICES 202430 KENERGY PO BOX 18 HENDERSON KY 42419 LINE REPAIR - STORM 170906 7 44795 44795 243 243 342853 0 342853 342853 342853 272 0 272 272 272 50403261 32206412 18196849 18196849 GENERATION CAPITAL CREDITS 221000 1543008 1543008 OTHER CAPITAL CREDITS 221000 119685 119685 1662693 20247705 18196849 0 2050856 X 20200 2476972 929022 3535648 845550 796601 304639 10131 27925 81983 26648 325616 202574 76084 69936 58650 1819203 3032724 77349 TAXES- UTIL. & PROPERTY 3082919 OPERATING & MAINTENANCE 1873023 CONSUMER ACCOUNTS EXPEN 377371 ADMINISTRATIVE & GENERA 196937 20247705 44808 30441 208607 621921 5346253 8202263 1367077 1302929 331086 216795 104957629 25878272 74531711 79079357 21806497 21945208 100531 93952 2673319 400115 106409889 111892981 5568300 5406086 55120363 59524439 852528 796326 61541191 65726851 X 44868698 46166130 0 0 0 0 44868698 46166130 106409889 111892981 X 0 1297432 X X 0 1 X 1 0 1378435 1378435 4769803 1626373 3143430 5473278 3849889 1623389 93336113 20402010 72934103 79079357 BUCKEYE POWER, INC 19885506 C COOPERATIVE RESPONSE CENTER 24762 C FEDERATED RURAL ELECTRIC INSURANCE 188624 C HEARTLAND EMERGENCY EQUIPMENT, LTD 212315 C NATIONAL INFORMATION SOLUTIONS CORP 121031 C NATIONAL RURAL UTILITIES COOPERATIV 828642 C OTHER INVESTMENTS 200000 C UNITED UTILITY SUPPLY 484328 C 21945208 CONSUMER DEPOSITS 128730 CONSUMER ENERGY PREPAYMENTS 8603 PROVISION FOR POST-RETIREMENT BENEFITS 658993 796326 X 52445259 32206412 32206412 20238847 8858 8858 20247705 49968287 32206412 32206412 17761875 2485830 2485830 20247705 PART X, LINE 2: "INCOME TAXES THE COOPERATIVE IS A RURAL ELECTRIC COOPERATIVE EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(12). ACCORDINGLY, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE. AN INFORMATIONAL TAX RETURN, FORM 990, IS PREPARED AND FILED EACH YEAR WITH THE INTERNAL REVENUE SERVICE. THE COOPERATIVE PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE, RESPECTIVELY, THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAX BENEFITS. INTEREST AND PENALTIES WOULD BE RECORDED AS OPERATING EXPENSES WHEN THEY ARE INCURRED." PART XI, LINE 2D - OTHER ADJUSTMENTS: POWER & MERCHANDISE PURCHASES-REPORTABLE ON PART VIII, LINE 10B. 32,206,412. PART XI, LINE 4B - OTHER ADJUSTMENTS: REVENUE FROM MERCHANDISING REPORTED ON 990, PART VIII, LINE 10A 8,858. PART XII, LINE 2D - OTHER ADJUSTMENTS: POWER & MERCHANDISE PURCHASES-REPORTABLE ON PART VIII, LINE 10B 32,206,412. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS ALLOCATED FOR CURRENT TAX YEAR 2,476,972. REVENUE FROM MERCHANDISING REPORTED ON 990, PART VIII, LINE 10A 8,858. 1 EDUCATIONAL SCHOLARSHIPS TO STUDENTS PURSUING HIGHER EDUCATION. 10 20200 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO AT LEAST 10 RECIPIENTS FOLLOWING A SCREENING PROCESS BY INDEPENDENT JUDGES. AWARDS ARE GIVEN TO HIGH SCHOOL SENIORS WHO LIVE IN THE COOPERATIVE SERVICE TERRITORY WHO PLAN TO PURSUE FURTHER EDUCATION. FORM 990, SCHEDULE I, PART III 1ST PLACE IS AWARDED $3,000, 2ND PLACE IS AWARDED $2,800, 3RD PLACE IS AWARDED $2,500, 4TH PLACE IS AWARDED $2,000, 5TH PLACE IS AWARDED $1,900, 6TH PLACE IS AWARDED $1,800, 7TH PLACE IS AWARDED $1,700, 8TH PLACE IS AWARDED $1,600, 9TH PLACE IS AWARDED $1,500 AND 10TH PLACE IS AWARDED $1,400. X X X X 0 0 0 GLENN W MILLER PRESIDENT & CEO 293437 0 0 0 0 0 88285 0 20168 0 401890 0 0 0 JOHN C PORTER ASST MANAGER & ENGINEER 178326 0 0 0 0 0 57879 0 25825 0 262030 0 0 0 CASEY L WAGNER CFO 123574 0 0 0 0 0 39354 0 27374 0 190302 0 0 0 ZACHARY CONDREN CLASS A LINEMAN 123477 0 0 0 0 0 22974 0 29833 0 176284 0 0 0 MICHEAL ROWE CLASS A LINEMAN 121590 0 0 0 0 0 22974 0 29847 0 174411 0 0 0 JOSHUA JOHNSON CLASS A LINEMAN 121450 0 0 0 0 0 22974 0 26282 0 170706 0 0 0 MICHAEL L MARTIN CLASS A LINEMAN 120279 0 0 0 0 0 22974 0 26282 0 169535 0 0 0 TAYLOR HARRIS CLASS A LINEMAN 119312 0 0 0 0 0 22974 0 11384 0 153670 0 0 0 FORM 990, PART III, LINE 1 THE MISSION OF HOLMES-WAYNE ELECTRIC COOPERTATIVE, INC. IS TO SAFELY PROVIDE RELIABLE, COMPETITIVELY-PRICED ELECTRIC SERVICE FOR OUR MEMBER-OWNERS TO ENHANCE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE WHILE EMBRACING COOPERATIVE PRINCIPLES AND VALUES. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS OWNED AND OPERATED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE COOPERATIVE ELECT A NINE MEMBER BOARD OF TRUSTEES TO OVERSEE THE MANAGEMENT OF THE COOPERATIVE. FORM 990, PART VI, SECTION B, LINE 11B AN INDEPENDENT ACCOUNTING FIRM PREPARES THE TAX RETURN ANNUALLY. ONCE THE RETURN HAS BEEN ASSEMBLED AND COMPLETED BY THE ACCOUNTING FIRM, A DRAFT COPY IS SENT OR DELIVERED TO THE FILING ORGANIZATION. THE RETURN IS THEN SENT TO EACH BOARD MEMBER BEFORE THE MONTHLY MEETING. THIS IS DESIGNED TO ALLOW FOR INDIVIDUAL REVIEW TIME BEFORE THE ENTIRE BOARD ASSEMBLES FOR THEIR MONTHLY MEETING TO REVIEW THE TAX RETURN AS A GROUP. THE BOARD WILL ADDRESS ANY QUESTIONS, AND PROPOSE NECESSARY REVISIONS IF NEEDED PRIOR TO FILING THE RETURN WITH THE APPROPRIATE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C THE COOPERATIVE MONITORS ITS CONFLICT OF INTEREST POLICY BY REQUIRING ITS EMPLOYEES AND BOARD OF TRUSTEES TO COMPLETE A CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM ANNUALLY. BY DOING SO, THE BOARD IS MADE AWARE OF ANY POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE AND ENFORCES COMPLIANCE WITH THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE CEO/PRESIDENT'S COMPENSATION IS DECIDED BY THE BOARD OF TRUSTEES BY EVALUATING THE CEO/PRESIDENT'S PERFORMANCE AND BY USING A COMPENSATION SURVEY ON COMPARABLE COOPERATIVES IN THE STATE, REGION, & NATION. THE COMPENSATION STATISTICS CAN BE COMPARED BASED ON THE SIZE, REVENUES, NUMBER OF METERS, & ETC. OF A COOPERATIVE. THE BOARD ALSO UTILIZED THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT IN 2021. COMPENSATION FOR THE COOPERATIVE'S ASST. MANAGER/ENGINEER AND ACCOUNTING MANAGER IS BASED ON ANNUAL PERFORMANCE REVIEWS AND INDUSTRY DATA TRENDS, WITH A RECOMMENDATION MADE BY THE CEO/PRESIDENT, AND APPROVAL BY THE BOARD OF TRUSTEES. EACH OF THE THREE OFFICERS' COMPENSATION IS REVIEWED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAINTAINS PERTINENT PUBLIC RECORDS AND RELEASES THEM TO THE PUBLIC BY REQUEST. THE ORGANIZATION'S MOST RECENTLY FILED TAX RETURNS ARE ALSO AVAILABLE FOR VIEWING ON-LINE AT <WWW.GUIDESTAR.ORG>. FORM 990, PART IX, LINE 4 TREATMENT OF CAPITAL CREDITS: IRS HAS SPECIFIC INSTRUCTIONS FOR REPORTING CAPITAL CREDITS FOR UTILITY COMPANIES. ACCORDINGLY, THE FILING ORGANIZATION IS NOTING THAT IT IS REPORTING ITS PATRONAGE ALLOCATED CAPITAL CREDITS AS EXPENSES ON FORM 990, PART IX, LINE 4 BEGINNING WITH TAX YEAR 2011. THE ORGANIZATION IS ALSO NOTING THAT THE RETIRED PATRONAGE CAPITAL CREDITS ARE STILL BEING SHOWN AS AN OTHER ASSET ADJUSTMENTS AND ARE NOTED IN DETAIL ON SCHEDULE D, PAGE 5, AND ALSO ON SCHEDULE O. FORM 990, PART XI, LINE 9: CHANGE IN DONATED CAPITAL 57,811. CHANGE IN RETIRED CAPITAL CREDITS 4,529. OTHER EQUITY - FASB 158 ADJ 107,338. PATRONAGE DIVIDENDS ALLOCATED - CY 2,476,972. UNCLAIMED RETIRED CAPITAL CREDITS -1,349,218. ROUNDING FORM 990, PART XI, LINE 2C IT IS THE RESPONSIBILITY OF THE 9 DIRECTORS ON THE BOARD TO OVERSEE ANY AUDITS, REVIEWS, OR COMPILATIONS OF FINANCIAL STATMENTS AND TO SELECT AN INDEPENDENT ACCOUNTANT. THIS POLICY HAS NOT CHANGED SINCE THE PRIOR YEAR. HOLMES-WAYNE ELECTRIC FOUNDATION INC PO BOX 112 MILLERSBURG OH 446540112 203973508 PROVISION OF CHARITABLE & BENEVOLENT FUNDING FOR THE COMMUNITY OH 501(C)(3) LINE 11 HOLMES-WAYNE ELECTRIC COOPERATIVE INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 HOLMES-WAYNE ELECTRIC FOUNDATION INC R 52725 COST VALUE