Ohio Rural Electric Cooperatives Inc Country Living Magazine
- Assets
- $3.9m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Columbus, OH
- Founding
- 02/1953
- Data as of
- 06/2022
- EIN
- 51-0174617
Organization Overview
Ohio Rural Electric Cooperatives Inc Country Living Magazine is located in Columbus, OH. The organization was established in 1953. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Ohio Rural Electric Cooperatives Inc Country Living Magazine employed 27 individuals. This organization is the central organization for a national or regional group of organizations. Ohio Rural Electric Cooperatives Inc Country Living Magazine is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Ohio Rural Electric Cooperatives Inc Country Living Magazine generated $7.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $7.7m during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 6 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
TO SAFEGUARD ENHANCE AND OPTIMIZE THE ENVIRONMENT FOR ELECTRIC COOPERATIVES OPERATING IN THE STATE OF OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAGAZINE IS PUBLISHED MONTHLY AND PROVIDES VALUABLE INFORMATION TO COOPERATIVE MEMBERS ABOUT ELECTRIFICATION AS WELL AS OTHER ASPECTS OF LIVING IN OHIO.
LEGISLATIVE AND GOVERNMENTAL AFFAIRS PROVIDES A UNIFIED PRESENCE TO THE STATE GOVERNMENT AND ECONOMIES OF SCALE TO ALL OF THE DISTRIBUTION COOPERATIVES THROUGHOUT THE STATE OF OHIO TO ENSURE THE COOPERATIVES' VOICE IS HEARD.
MEMBER INFORMATION AND EDUCATION PROVIDES TRAINING COURSES THROUGHOUT THE YEAR FOR ELECTRIC COOPERATIVE DIRECTORS AND EMPLOYEES AS WELL AS YOUTH AND SCHOLARSHIP PROGRAMS FOR DISTRIBUTION COOPERATIVE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Miller VP Statewide Services | Officer | 30 | $210,701 |
Patrick Oloughlin President CEO | Officer | 7.2 | $203,911 |
William Roberts VP Finance CFO | Officer | 8 | $71,155 |
Kurt Helfrich General Counsel | Officer | 4.8 | $42,216 |
Greg Niese Director Of It | 4 | $17,783 | |
Craig Grooms VP Market Operations | Officer | 2 | $14,202 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,695,164 |
| 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 | $4,695,164 |
| Total Program Service Revenue | $3,017,146 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,712,310 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $66,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,803,313 |
| Pension plan accruals and contributions | $642,577 |
| Other employee benefits | $439,313 |
| Payroll taxes | $194,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,204 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $207,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $270,523 |
| Travel | $184,936 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,215 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $264,330 |
| Insurance | $48,609 |
| All other expenses | $287,878 |
| Total functional expenses | $7,722,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $632,789 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $512,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $195,123 |
| Net Land, buildings, and equipment | $2,368,848 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161,996 |
| Total assets | $3,871,538 |
| Accounts payable and accrued expenses | $1,236,122 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $797,972 |
| Total liabilities | $2,034,094 |
| 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 | $675 |
| Retained earnings, endowment, accumulated income, or other funds | $1,836,769 |
| Total liabilities and net assets/fund balances | $3,871,538 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ohio Rural Electric Cooperatives Inc Country Living Magazine has recieved totaling $21,400.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATIONAL FUND-NRECA COURSES AND LEADERSHIP PROGRAMS | $21,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Financial Literacy Foundation Farmington Hills, MI | $7,731,836 | $6,961,038 |
Ohio Rural Electric Cooperatives Inc Country Living Magazine Columbus, OH | $3,871,538 | $7,712,310 |
Remnant Publications Inc Coldwater, MI | $11,088,927 | $7,415,084 |
Greater Education Opportunities Foundation Indianapolis, IN | $17,673,440 | $7,674,537 |
University Of Pennsylvania Press Incorporated Philadelphia, PA | $1,805,477 | $4,286,513 |
Family Life Ministries Inc Zeeland, MI | $6,127,426 | $3,715,133 |
Midwest Political Science Association Bloomington, IN | $7,512,584 | $2,303,181 |
Marketing & Business Administration Research And Curriculum Center Columbus, OH | $2,028,160 | $2,206,323 |
Rod & Staff Publishers Inc Crockett, KY | $12,819,778 | $1,848,923 |
Engle Printing Co Inc Employee Benefit Trust Mount Joy, PA | $138,702 | $1,442,211 |
Publicsource Inc Pittsburgh, PA | $2,043,200 | $1,698,026 |
Kenyon Review Gambier, OH | $13,850,557 | $1,875,927 |