BUCKEYE RURAL ELECTRIC CO-OP INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- BUCKEYE RURAL ELECTRIC CO-OP INC (EIN 31-4137520)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-15
- IRS object ID
- 202333199349313203
- Schema version
- 2022v5.0
- 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 | 2023-11-15T13:42:18-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 311413363 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BHM CPA GROUP INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 E CAMPUS VIEW BLVD STE 300 | AddressLine1Txt |
| City | COLUMBUS | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 43235 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 314137520 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BUCKEYE RURAL ELECTRIC CO-OP INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BUCK | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4848 STATE ROUTE 325 SOUTH | AddressLine1Txt |
| City | RIO GRANDE | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 45674 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JUSTIN EVANS | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Signature | 2023-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JUSTIN | PersonFirstNm |
| Person Last | EVANS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RYAN C HIXENBAUGH CPA | PreparerPersonNm |
| PTIN | P01052454 | PTIN |
| Phone | 6143895775 | PhoneNum |
| Preparation | 2023-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | PAUL BERRIDGE | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2583 KEYSTONE FURNACE RD | AddressLine1Txt |
| City | JACKSON | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 45640 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $45,001,803 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.BUCKEYEREC.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1937 | FormationYr |
| Legal Domicile State | OH | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF THE COOPERATIVE IS TO PROVIDE ELECTRIC SERVICE TO THE MEMBERS OF THE COOPERATIVE IN THE NINE COUNTIES OF SOUTHERN OHIO. THE COOPERATIVE IS A MEMBER-OWNED, LOCALLY MANAGED AND DEMOCRATICALLY- CONTROLLED UTILITY WITH ROOTS GOING BACK TO THE MID-1930S. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 58 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $41,703,190 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $43,551,308 | CYProgramServiceRevenueAmt |
| PY Investment Income | $52,619 | PYInvestmentIncomeAmt |
| CY Investment Income | $42,596 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,127,836 | PYOtherRevenueAmt |
| CY Other Revenue | $1,407,702 | CYOtherRevenueAmt |
| PY Total Revenue | $42,883,645 | PYTotalRevenueAmt |
| CY Total Revenue | $45,001,606 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,200 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $1,689,056 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $1,255,720 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,827,059 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $5,062,851 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $36,363,330 | PYOtherExpensesAmt |
| CY Other Expenses | $38,678,035 | CYOtherExpensesAmt |
| PY Total Expenses | $42,883,645 | PYTotalExpensesAmt |
| CY Total Expenses | $45,001,606 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $133,098,121 | TotalAssetsBOYAmt |
| Total Assets EOY | $134,271,521 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $87,211,349 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $88,503,110 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $45,886,772 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $45,768,411 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE MISSION OF THE COOPERATIVE IS TO PROVIDE ELECTRIC SERVICE TO THE MEMBERS OF THE COOPERATIVE IN THE NINE COUNTIES OF SOUTHERN OHIO. THE COOPERATIVE IS A MEMBER-OWNED, LOCALLY MANAGED AND DEMOCRATICALLY- CONTROLLED UTILITY WITH ROOTS GOING BACK TO THE MID-1930S. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $45,001,606 | ExpenseAmt |
| Desc | NUMBER OF MEMBERS SERVED = 14,541, MONTHLY PUBLICATION-OHIO COOPERATIVE LIVING, COOPERATIVE IS AN INTERGRAL PART OF THE COMMUNITY, PROVIDING ELECTRIC SERVICE TO THE MEMBERS IN 9 OHIO COUNTIES. | Desc |
| Total Program Service Expenses | $45,001,606 | 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 | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | 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 | 9 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 58 | 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 | $42,978,468 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,023,138 | 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 | false | 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 | false | 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 | false | 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 | JUSTIN T EVANS | PersonNm |
| Phone | 7403792025 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6269 ARACOMA RD | AddressLine1Txt |
| City | HUNTINGTON | CityNm |
| State Abbreviation | WV | StateAbbreviationCd |
| ZIP | 25705 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| TONDA MEADOWS | |||||||
| EVP.GM | 40.00 | Yes (X) | $192,728 | $0 | $75,905 | ||
| KENT ELDRIDGE | |||||||
| VP MEMBER SE | 40.00 | Yes (X) | $116,346 | $0 | $63,605 | ||
| TODD ALFORD | |||||||
| LINEMAN | 50.78 | $129,138 | $0 | $50,281 | Yes (X) | ||
| JAMES WALKER | |||||||
| LINEMAN | 49.85 | $120,383 | $0 | $51,861 | Yes (X) | ||
| TIMOTHY TUCKER | |||||||
| LINEMAN | 51.21 | $126,498 | $0 | $45,219 | Yes (X) | ||
| JAMES STAPLETON | |||||||
| LINEMAN | 51.85 | $133,390 | $0 | $36,982 | Yes (X) | ||
| CODY WALTER | |||||||
| LINEMAN | 47.00 | $112,027 | $0 | $51,297 | Yes (X) | ||
| JUSTIN EVANS | |||||||
| CFO | 40.00 | Yes (X) | $108,737 | $0 | $24,780 | ||
| KENNETH MOLLOHAN | |||||||
| VP OPERATION | 40.00 | Yes (X) | $74,276 | $0 | $33,863 | ||
| PAUL BERRIDGE | |||||||
| PRESIDENT | 5.53 | Yes (X) | $17,000 | $0 | $0 | Yes (X) | |
| WILLIAM H HOLCOMB | |||||||
| SECT/TREAS | 6.56 | Yes (X) | $16,250 | $0 | $0 | Yes (X) | |
| J WESLEY WILLIAMS | |||||||
| TRUSTEE | 6.77 | $15,550 | $0 | $0 | Yes (X) | ||
| DENNIS BLAKEMAN | |||||||
| TRUSTEE | 4.73 | $13,600 | $0 | $0 | Yes (X) | ||
| JAMES M HERRELL | |||||||
| TRUSTEE | 4.44 | $7,800 | $0 | $0 | Yes (X) | ||
| RONALD HATFIELD | |||||||
| TRUSTEE | 3.24 | $7,600 | $0 | $0 | Yes (X) | ||
| JODIE PENROD | |||||||
| TRUSTEE | 1.54 | $7,600 | $0 | $0 | Yes (X) | ||
| NANETTE GILL | |||||||
| TRUSTEE | 1.17 | $4,000 | $0 | $0 | Yes (X) | ||
| DANIEL NEWSOME | |||||||
| TRUSTEE | 0.78 | $4,000 | $0 | $0 | Yes (X) | ||
| ROY D SPRAGUE | |||||||
| TRUSTEE | 0.83 | $1,800 | $0 | $0 | Yes (X) | ||
| TIIMOTHY STEPHEN MASSIE | |||||||
| TRUSTEE | 0.25 | $1,200 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,209,923 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $433,793 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | 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 |
|---|---|---|---|---|---|
| NEW RIVER ELECTRICAL CORP | |||||
| 15 CLOVERDALE PLACE | CLOVERDALE | VA | 24077 | CONSTRUCTION | $2,432,633 |
| WILDFIRE PIPELINE CONTRACTORS | |||||
| 712 JACKSON PIKE | GALLIPOLIS | OH | 45631 | ROW | $1,381,685 |
| POWER SYSTEM ENGINEERING INC | |||||
| 2424 RIMROCK RD SUITE 300 | MADISON | WI | 53713 | ENGINEERING | $1,004,875 |
| WA KENDALL & CO INC | |||||
| PO BOX 831 | LAWRENCEVILLE | GA | 30046 | CLEARING | $619,312 |
| ASPLUNDH TREE EXPERT CO | |||||
| 708 BLAIR MILL RD | WILLOW GROVE | PA | 19090 | CLEARING | $531,238 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ELECTRIC SALES | 221122 | $41,869,917 | $41,869,917 | |
| OTHER ELECTRIC REVENUE | 221122 | $1,108,551 | $1,108,551 | |
| ELECTRIC PROPERTY | 221122 | $572,840 | $572,840 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $43,551,308 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $42,793 | TotalRevenueColumnAmt |
| Exclusion | $42,793 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $197 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$197 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$197 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$197 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PATRONAGE CAPITAL | 221122 | $1,385,913 | $1,385,913 |
| NON-OPERATING REVENUE | 221122 | $21,789 | $21,789 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,407,702 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $45,001,606 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $44,385,973 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $615,633 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,000 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,255,720 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $588,487 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,329,859 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $830,806 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $313,699 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,027 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,800 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,098 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $583,886 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $26,259 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,694,542 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,793,506 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,320 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| COST OF POWER | $23,239,438 |
| MAINTENANCE | $3,565,921 |
| OPERATIONS | $2,274,684 |
| TAXES | $1,238,474 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,077,080 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,001,606 | 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 | $2,487,146 | BOYAmt |
| EOY | $764,858 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,574,829 | BOYAmt |
| EOY | $4,023,956 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,906,972 | BOYAmt |
| EOY | $2,919,032 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,474,944 | BOYAmt |
| EOY | $2,543,450 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $131,604,291 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $27,961,667 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,127,383 | BOYAmt |
| EOY | $103,642,624 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,509,675 | BOYAmt |
| EOY | $20,326,220 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,172 | BOYAmt |
| EOY | $51,381 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,098,121 | BOYAmt |
| EOY | $134,271,521 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,282,060 | BOYAmt |
| EOY | $3,409,458 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,490,094 | BOYAmt |
| EOY | $79,446,034 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,439,195 | BOYAmt |
| EOY | $5,647,618 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,211,349 | BOYAmt |
| EOY | $88,503,110 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,886,772 | BOYAmt |
| EOY | $45,768,411 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $45,886,772 | BOYAmt |
| EOY | $45,768,411 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,098,121 | BOYAmt |
| EOY | $134,271,521 | 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 | -$118,361 | 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
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $126,169,494 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $27,457,450 | DepreciationAmt |
| Book Value | $98,712,044 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $5,434,797 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $504,217 | DepreciationAmt |
| Book Value | $4,930,580 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $103,642,624 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL - VARIOUS | $18,408,505 | C |
| BUCKEYE POWER INC-EQUITY CAPITAL | $963,945 | C |
| CFC-CAPITAL TERM CERTIFICATES | $953,770 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $20,326,220 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (6 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED TAXES | $1,402,299 |
| OTHER LIABILITIES (DEPOSITS) | $1,168,187 |
| ACCUM PROVISION FOR PENSION & BENEFI | $954,829 |
| REVENUE DEFERRAL | $750,000 |
| DEFERRED CREDITS | $743,288 |
| OTHER DEFERRED CREDITS | $629,015 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $5,647,618 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $45,001,606 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $45,001,606 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $45,001,606 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $43,745,886 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $43,745,886 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $1,255,720 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $1,255,720 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $45,001,606 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | THE AUTHORITY COMPLIES WITH ASC 740-10 RELATED TO UNCERTAIN TAX POSITIONS. THIS STANDARD 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 AUTHORITY ON ITS TAX RETURNS THAT THEY CONSIDER TO BE UNCERTAIN. TAX RETURNS FOR THE YEARS ENDED 2019, 2020 AND 2021 ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | YE MARGINS ALLOC TO MEMBERS 1,255,720 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| TONDA MEADOWS | ||||
| EVP.GM | $192,728 | $60,423 | $15,482 | $268,633 |
| KENT ELDRIDGE | ||||
| VP MEMBER SERVICES | $116,346 | $40,234 | $23,371 | $179,951 |
| TODD ALFORD | ||||
| LINEMAN | $129,138 | $22,735 | $27,546 | $179,419 |
| JAMES WALKER | ||||
| LINEMAN | $120,383 | $22,735 | $29,126 | $172,244 |
| TIMOTHY TUCKER | ||||
| LINEMAN | $126,498 | $22,931 | $22,288 | $171,717 |
| JAMES STAPLETON | ||||
| LINEMAN | $133,390 | $22,735 | $14,247 | $170,372 |
| CODY WALTER | ||||
| LINEMAN | $112,027 | $22,735 | $28,562 | $163,324 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART III | FormAndLineReferenceDesc |
| Explanation | SCHEDULE J, PART II: COLUMN (C) CONTAINS EMPLOYER DEFINED RETIREMENT PLAN CONTRIBUTIONS, EMPLOYER 401K CONTRIBUTIONS, AND DEFINED RETIREMENT PLAN CHANGE IN ACTUARIAL VALUE. COLUMN (D) CONTAINS THE FOLLOWING PRETAX ITEMS PAID BY THE EMPLOYEE: HEALTH INSURANCE, SUPPLEMENTAL SECTON 125 INSURANCE, HEALTH SAVINGS ACCOUNT CONTRIBUTIONS. COLUMN (D) ALSO CONTAINS THE FOLLOWING ITEMS PAID BY THE EMPLOYER: HEALTH INSURANCE AND HEALTH SAVINGS ACCOUNT CONTRIBUTIONS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE MISSION OF THE COOPERATIVE IS TO PROVIDE ELECTRIC SERVICE TO THE MEMBERS OF THE COOPERATIVE IN THE NINE COUNTIES OF SOUTHERN OHIO. THE COOPERATIVE IS A MEMBER-OWNED, LOCALLY MANAGED AND DEMOCRATICALLY- CONTROLLED UTILITY WITH ROOTS GOING BACK TO THE MID-1930S. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE ORGANIZATION HAS 14,541 VOTING MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7A | ALL MEMBERS, CUSTOMERS, VOTE FOR THE OFFICERS BY BALLOT AT THE ANNUAL MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 11B | FINANCE OFFICER REVIEWS 990 WITH AUDIT REPORT |
| FORM 990, PAGE 6, PART VI, LINE 12C | AN EMPLOYEE MUST DISCLOSE TO HIS/HER APPROPRIATE SUPERVISOR ANY SITUATION OR TRANSACTION, IN WHICH THE EMPLOYEE IS INVOLVED WHICH VIOLATES, MAY VIOLATE, OR COULD APPEAR TO VIOLATE THE OBJECTIVE OF THIS POLICY. THE SUPERVISOR WILL THEN DISCUSS THIS WITH THE EXECUTIVE VICE PRESIDENT AND GENERAL MANAGER TO DETERMINE WHAT ACTION SHOULD BE TAKEN. |
| FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD BY USING COMPENSATION SURVEYS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DETERMINED BY USING COMPENSATION SURVEYS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE ANNUAL MEETING, COOPERATIVE LIVING MAGAZINE OR BY REQUEST. |
| FORM 990, PART XI, LINE 9 | CURRENT YR NET MARGINS 1,255,720 POST RETIREMENT BENEFITS LOSS -27,492 CAPITAL CREDITS REASSIGNED 360,181 RETIRE PATRONAGE CAPITAL -1,706,770 TOTAL -118,361 |