2021-09-29T14:23:49-07:00 2020-12-31 990 2020-01-01 314137520 BUCKEYE RURAL ELECTRIC CO-OP INC BUCK 7403792025 4848 State Route 325 South Rio Grande OH 45674 Paul Berridge President 7404186281 2021-09-29 0 11 0 AAL2 X 2020 2022-09-23 18:48:47Z C Tonda Meadows PO Box 200 Rio Grande OH 45674 42068800 0 X www.buckeyerec.com X 1937 OH 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. 9 9 51 0 0 0 0 0 40020540 40487086 300153 183182 1244923 1376570 41565616 42046838 3500 6500 1824337 2055029 4526709 4546438 0 0 0 35211070 35438871 41565616 42046838 0 0 126949542 132213806 81944044 86554797 45005498 45659009 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. 0 0 42046838 NUMBER OF MEMBERS SERVED = 14,850. MONTHLY PUBLICATION - OHIO COOPERATIVE LIVING. COOPERATIVE IS AN INTEGRAL PART OF THE COMMUNITY, PROVIDING ELECTRIC SERVICE TO THE MEMBERS IN 9 OHIO COUNTIES. COOPERATIVE HAS 14,807 MEMBERS AND SERVES 9 OHIO COUNTIES WITH ELECTRIC SERVICE. 0 0 0 42046838 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 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 0 0 0 1 37 0 51 1 0 0 0 0 0 41271171 2099473 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X Maggie Rucker 7403799625 4848 State Route 325 South Rio Grande OH 45674 X Kenneth Mollohan VP Operations 40 0 X 149546 0 175116 C Tonda Meadows VP AND GM 40 0 X 174007 0 138034 Kent Eldridge VP Member Services 40 0 X 110512 0 95680 Timothy Tucker Lineman 49.98 0 X 112830 0 80320 James Walker Lineman 47.98 0 X 106819 0 66151 Maggie Rucker CFO 40 0 X 112779 0 55518 Gary Callicoat Lineman 47.57 0 X 107995 0 57950 Todd Alford Lineman 49.35 0 X 115351 0 48625 James Stapleton Lineman 47.70 0 X 107053 0 45037 Martine-Denise Long VP Engineering 40 0 X 59766 0 42277 Paul Berridge President 4.75 0 X 14800 0 0 Roy D Sprague Secretary-Treasurer 6.15 0 X 11200 0 0 J Wesley Williams Trustee 3.87 X 10800 0 0 Dennis Blakeman Trustee 7.27 0 X 10000 0 0 Roberta Duncan 1ST VP 3 0 X 9600 0 0 William H Holcomb 1st VP 2.89 0 X 8000 0 0 Nanette Gill Trustee 1.52 0 X 7600 0 0 James Herrell Trustee 3.65 0 X 7600 0 0 Ron Hatfield Trustee 3.61 0 X 4000 0 0 John Pratt Trustee 1.63 X 4000 0 0 1244258 0 804708 11 0 1 0 NEW RIVER ELECTRICAL CORP PO BOX 700 CLOVERDALE VA 24077 CONSTRUCTION 2410992 WILDFIRE PIPELINE CONTRACTORS 1857 KEMPER HOLLOW RD GALLIPOLIS OH 45631 RIGHT OF WAY 1120222 CAREER CONNECTIONS INC 280 E STATE STREET SUITE A ATHENS OH 45701 EMPLOYEE LEASING 638172 ASPLUNDH TREE EXPERT CO PO BOX 827464 PHILADELPHIA PA 19182 RIGHT OF WAY 617570 POWER SYSTEM ENGINEERING INC 1532 W BROADWAY SUITE 100 MADISON WI 53713 ENGINEERING 562653 8 0 Electric Sales 221122 38952552 38952552 0 0 Other Electric Revenue 221122 887395 887395 0 0 Electric Property 221122 647139 0 0 647139 0 0 0 0 40487086 183770 0 0 183770 0 0 0 0 0 0 0 0 0 0 0 21374 0 21962 0 -588 -588 -588 0 0 Patronage Capital 221122 1374206 1374206 0 0 Non-Operating Revenue 221122 2364 2364 0 0 0 0 0 0 1376570 42046838 41215929 0 830909 X 0 0 6500 6500 2055029 2055029 694210 694210 3530947 3530947 105411 105411 215870 215870 0 66935 66935 21287 21287 95229 95229 234475 234475 24416 24416 20777 20777 2825687 2825687 3548882 3548882 41530 41530 COST OF POWER 21707077 21707077 0 MAINTENANCE 2665815 2665815 0 OPERATIONS 1970624 1970624 0 ADMIN & GEN EXPENSES 2215712 2215712 0 425 425 42046838 42046838 0 0 2455430 2174421 2829094 3263438 1398785 1575416 2637976 2906839 125829360 24633953 96324920 101195407 21106607 20996943 196730 101342 126949542 132213806 2674947 2827811 73831449 78209357 5437648 5517629 81944044 86554797 X 0 0 0 0 45005498 45659009 45005498 45659009 126949542 132213806 X 0 0 0 0 0 653511 X 0 1 X 1 0 0 0 0 118363725 0 24191394 94172331 0 0 0 0 0 0 0 0 7465635 0 442559 7023076 101195407 PATRONAGE CAPITAL - VARIOUS 19065399 C CFC-CAPITAL TERM CERTIFICATES 967599 C BUCKEYE POWER INC-EQUITY CAPITAL 963945 C 20996943 ACCUM PROVISION FOR PENSION & BENEFITS 1050405 ACCRUED TAXES 1352375 OTHER LIABILITES (DEPOSITS) 1094347 DEFERRED CREDITS 949296 OTHER DEFERRED CREDITS 321206 REVENUE DEFERRAL 750000 5517629 X 42046838 0 0 0 0 0 42046838 0 0 0 42046838 39991809 0 0 0 0 0 39991809 0 2055029 2055029 42046838 Schedule D, Part X, Line 2 THE COOPERATIVE COMPLIES WITH ACCOUNTING STANDARDS CODIFICATION (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 THE YEARS ENDED 2017, 2018 AND 2019 ARE STILL OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. Schedule D, Part XII, Line 4b THIS AMOUNT EQUALS THE TOTAL OPERATING AND NON-OPERATING MARGINS AT YEAR-END TO BE ALLOCATED TO MEMBERS 1 Scholarships for students whose home received electric service from Buckeye REC 5 6500 0 Schedule I, Part I, Line 2 Scholarship recipients are required to submit proof of college acceptance. X X 0 0 0 C Tonda Meadows VP AND GM 174008 0 0 0 0 0 122053 0 15981 0 312042 0 0 0 Kenneth Mollohan VP Operations 149546 0 0 0 0 0 147983 0 27133 0 324662 0 0 0 Kent Eldridge VP Member Services 110512 0 0 0 0 0 70518 0 25161 0 206191 0 0 0 Martine-Denise Long VP Engineering 59766 0 0 0 0 0 31724 0 10553 0 102043 0 0 0 Maggie Rucker CFO 112779 0 0 0 0 0 49687 0 5830 0 168296 0 0 0 Todd Alford Lineman 115351 0 0 0 0 0 29530 0 19095 0 163976 0 0 0 Timothy Tucker Lineman 112830 0 0 0 0 0 45638 0 34682 0 193150 0 0 0 Gary Callicoat Lineman 107995 0 0 0 0 0 25400 0 32550 0 165945 0 0 0 James Stapleton Lineman 107053 0 0 0 0 0 29756 0 15282 0 152091 0 0 0 James Walker Lineman 106819 0 0 0 0 0 32445 0 33706 0 172970 0 0 0 Schedule J, Part II PART II: COLUMN (C) CONTAINS EMPLOYER DEFINED RETIREMENT PLAN CONTRIBUTION, EMPLOYER 401K CONTRIBUTION, AND DEFINED RETIREMENT PLAN CHANGE IN ACTUARIAL VALUE. COLUMN (D) CONTAINS THE FOLLOWING PRETAX ITEMS PAID BY THE EMPLOYEE: HEALTH INSURANCE, SUPPLEMENTAL SECTION 125 INSURANCE, HEALTH SAVINGS ACCOUNT CONTRIBUTIONS. COLUMN (D) ALSO CONTAINS THE FOLLOWING ITEMS PAID BY THE EMPLOYER: HEALTH INSURANCE AND HEALTH SAVINGS ACCOUNT CONTRIBUTIONS Form 990, Part VI, Section A, Line 6 THE ORGANIZATION HAS 14,850 VOTING MEMBERS Form 990, Part VI, Section A, Line 7a ALL MEMBERS, CUSTOMERS, VOTE FOR THE OFFICERS BY BALLOT AT THE ANNUAL MEETING. Form 990, Part VI, Section B, Line 11b FINANCE OFFICER REVIEWS 990 WITH AUDIT REPORT Form 990, Part VI, Section B, 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, Part VI, Section B, Line 15 COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD BY USING COMPENSATION SURVEYS. COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS DETERMINED BY USING COMPENSATION SURVEYS. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC AT THE ANNUAL MEETING, COOPERATIVE LIVING MAGAZINE OR BY REQUEST. Form 990, Part VII, Section A, Line 1a COLUMN (F) - ESTIMATED AMOUNT OF OTHER COMPENSATION - INCLUDED IN COLUMN (F) ARE THE FOLLOWING PRETAX ITEMS PAID BY THE EMPLOYEE: HEALTH INSURANCE, SUPPLEMENTAL SECTION 125 INSURANCE, HEALTH SAVINGS ACCOUNT CONTRIBUTIONS. COLUMN (F) ALSO CONTAINS THE FOLLOWING ITEMS PAID BY THE EMPLOYER: HEALTH INSURANCE, HEALTH SAVINGS ACCOUNT CONTRIBUTIONS, EMPLOYER DEFINED RETIREMENT PLAN CONTRIBUTION, EMPLOYER 401K CONTRIBUTION, AND DEFINED RETIREMENT PLAN CHANGE IN ACTUARIAL VALUE. Form 990, Part IX, Line 4 THIS AMOUNT EQUALS THE TOTAL OPERATING AND NON-OPERATING MARGINS AT YEAR-END TO BE ALLOCATED TO MEMBERS Form 990, Part XI, Line 9 CURRENT YEAR MARGINS $2,055,029, ACCUMULATED OTHER COMPREHENSIVE INCOME $(36,434), RE-ALLOCATION OF CAPITAL CREDITS $112,017, RETIRED PATRONAGE CAPITAL $(1487,112), ROUNDING $11, TOTAL $(653,500)