Buckeye Rural Electric Co-Op Inc
- Assets
- $134.3m
- Revenue
- $45.0m
- Investments
- $0.0
- Employees
- 58
- Location
- Rio Grande, OH
- Founding
- 08/1944
- Data as of
- 12/2022
- EIN
- 31-4137520
Organization Overview
Buckeye Rural Electric Co-Op Inc is located in Rio Grande, OH. The organization was established in 1944. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Buckeye Rural Electric Co-Op Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buckeye Rural Electric Co-Op Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Buckeye Rural Electric Co-Op Inc generated $45.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $45.0m during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonda Meadows Evp.gm | Officer | 40 | $192,728 |
Kent Eldridge VP Member Se | Officer | 40 | $116,346 |
Todd Alford Lineman | 50.78 | $129,138 | |
James Walker Lineman | 49.85 | $120,383 | |
Timothy Tucker Lineman | 51.21 | $126,498 | |
James Stapleton Lineman | 51.85 | $133,390 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New River Electrical Corp Construction | 12/30/22 | $2,432,633 |
Wildfire Pipeline Contractors Row | 12/30/22 | $1,381,685 |
Power System Engineering Inc Engineering | 12/30/22 | $1,004,875 |
Wa Kendall & Co Inc Clearing | 12/30/22 | $619,312 |
Asplundh Tree Expert Co Clearing | 12/30/22 | $531,238 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $43,551,308 |
| Investment income | $42,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$197 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,001,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,255,720 |
| Compensation of current officers, directors, key employees. | $588,487 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,329,859 |
| Pension plan accruals and contributions | $830,806 |
| Other employee benefits | $0 |
| Payroll taxes | $313,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $102,027 |
| Fees for services: Accounting | $37,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,098 |
| Advertising and promotion | $0 |
| Office expenses | $583,886 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,259 |
| Interest | $2,694,542 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,793,506 |
| Insurance | $42,320 |
| All other expenses | $1,077,080 |
| Total functional expenses | $45,001,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $764,858 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,023,956 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,919,032 |
| Prepaid expenses and deferred charges | $2,543,450 |
| Net Land, buildings, and equipment | $103,642,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $20,326,220 |
| Intangible assets | $0 |
| Other assets | $51,381 |
| Total assets | $134,271,521 |
| Accounts payable and accrued expenses | $3,409,458 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $79,446,034 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,647,618 |
| Total liabilities | $88,503,110 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $45,768,411 |
| Total liabilities and net assets/fund balances | $134,271,521 |