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Nonprofiteer
← BUTLER RURAL ELECTRIC COOP INC

Form 990 for tax year 2022

Filed by BUTLER RURAL ELECTRIC COOP INC.

Totals

Total revenue
$37,254,459
Total expenses
$37,254,459
Contributions and grants received
$0
Grants paid
$17,000
Program service revenue
$36,419,165
Investment income
$80,680
Other revenue
$754,614
Total assets, end of year
$94,737,725
Total liabilities, end of year
$52,876,643
Net assets or fund balances, end of year
$41,861,082
Program services expenses (Part IX)
$37,254,459
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$37,254,459

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Sale of electric energy

    total $36,307,243 · related or exempt $36,307,243

  • 2b · Program service revenue: Program Service Revenue

    total $111,922 · related or exempt $111,922

  • 3 · Investment income

    total $86,350 · excluded $86,350

  • 6a · Gross rents

    real property $333,563

  • 6c · Rental income or loss

    real property $333,563

  • 6d · Net rental income or loss

    total $333,563 · excluded $333,563

  • 7a · Gross sales of assets other than inventory

    other assets $19,353

  • 7b · Less cost or other basis and sales expenses

    other assets $25,023

  • 7c · Gain or loss

    other assets -$5,670

  • 7d · Net gain or loss

    total -$5,670 · excluded -$5,670

  • 10a · Gross sales of inventory

    $274,042

  • 10b · Cost of goods sold

    $182,800

  • 10c · Net income from sales of inventory

    total $91,242 · excluded $91,242

  • 11a · Other revenue: Associated Orgn Patronage Capital

    total $174,567 · excluded $174,567

  • 11b · Other revenue: Electrician Services Non Member

    total $155,062 · unrelated business $155,062

  • 11c · Other revenue: Internet Non Member

    total $180 · unrelated business $180

  • 11e · Other revenue, total

    $329,809

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $17,000 · program services $17,000

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $2,926,275 · program services $2,926,275

  • 5 · Compensation of officers, directors and key employees

    total $1,081,207 · program services $1,081,207

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,044,227 · program services $3,044,227

  • 8 · Pension plan contributions

    total $573,949 · program services $573,949

  • 9 · Other employee benefits

    total $816,494 · program services $816,494

  • 10 · Payroll taxes

    total $299,416 · program services $299,416

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $110,227 · program services $110,227

  • 11c · Fees: accounting

    total $24,425 · program services $24,425

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $273,031 · program services $273,031

  • 12 · Advertising and promotion

    total $246,318 · program services $246,318

  • 13 · Office expenses

    total $160,590 · program services $160,590

  • 14 · Information technology

    total $278,416 · program services $278,416

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $1,552,608 · program services $1,552,608

  • 17 · Travel

    total $77,262 · program services $77,262

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $129,730 · program services $129,730

  • 20 · Interest

    total $1,531,619 · program services $1,531,619

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,801,666 · program services $2,801,666

  • 23 · Insurance

    total $100,349 · program services $100,349

  • 24a · Other expenses: State of Ohio kWh Tax

    total $974,556 · program services $974,556

  • 24b · Other expenses: Cost of Power

    total $18,040,223 · program services $18,040,223

  • 24c · Other expenses: Right of Way Clearing ROW

    total $1,185,351 · program services $1,185,351

  • 24e · All other expenses

    total $1,009,520 · program services $1,009,520

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $842,184 · end of year $749,556

  • 2 · Savings and temporary cash investments

    beginning of year $90,464 · end of year $2,063,864

  • 4 · Accounts receivable

    beginning of year $3,561,872 · end of year $4,379,242

  • 8 · Inventories for sale or use

    beginning of year $599,062 · end of year $778,866

  • 9 · Prepaid expenses and deferred charges

    beginning of year $167,819 · end of year $175,552

  • 10a · Land, buildings and equipment: cost or other basis

    $94,956,431

  • 10b · Land, buildings and equipment: accumulated depreciation

    $26,085,799

  • 10c · Land, buildings and equipment, net

    beginning of year $68,356,708 · end of year $68,870,632

  • 13 · Investments: program-related

    beginning of year $15,036,387 · end of year $14,910,036

  • 14 · Intangible assets

    beginning of year $2,474,568 · end of year $2,399,212

  • 15 · Other assets

    beginning of year $368,000 · end of year $410,765

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,152,399 · end of year $4,182,116

  • 23 · Secured mortgages and notes payable

    beginning of year $44,865,435 · end of year $47,222,481

  • 25 · Other liabilities

    beginning of year $1,146,705 · end of year $1,472,046

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $120,140 · end of year $120,560

  • 31 · Retained earnings, endowment or other funds

    beginning of year $41,212,385 · end of year $41,740,522

Mission and programs · 2022

Mission

TO BE A DYNAMIC, PROGRESSIVE ORGANIZATION GUIDED BY COOPERATIVE PRINCIPLES AND TO PROVIDE ENERGY AND OTHER VALUE-ADDED SERVICES TO ITS MEMBERS. THE COOPERATIVE WILL PARTICPATE IN ITS COMMUNITIES, PROVIDING LEADERSHIP AND SUPPORT TO IMPROVE THE QUALITY OF LIFE FOR ALL OF ITS CITIZENS.

Activities or mission (Part I)

BUTLER RURAL ELECTRIC COOPERATIVE INC IS AN ELECTRIC DISTRIBUTION COOPERATIVE, PROVIDING ELECTRIC SERVICES TO MEMBER IN BUTLER, HAMILTON, PREBLE AND MONTGOMERY COUNTIES.

  • NUMBER OF MEMBERS SERVED 11,655 MONTHLY PUBLICATION OHIO COOPERATIVE LIVING THE COOPERATIVE IS AN INTEGRAL PART OF THE COMMUNITY, PROVIDING ELECTRIC SERVICE TO THE MEMBERS IN BUTLER, HAMILTON, MONTGOMERY AND PREBLE COUNTIES IN THE STATE OF OHIO.

    Expenses $37,254,459 · Grants $17,000 · Revenue $37,254,459

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas C Wolfenbarger

    GENERAL MANAGER

    Total calculated
    $326,508
    From this org
    $227,322
    From related orgs
    $0
    Other
    $99,186
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $202,050
    Bonus
    $5,827
    Other
    $19,445
    Deferred
    $70,800
    Nontaxable benefits
    $41,078
    Filer's total
    $339,200

  • Michael Murray

    DIR OF OPERATIONS

    Total calculated
    $218,884
    From this org
    $149,799
    From related orgs
    $0
    Other
    $69,085
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $139,869
    Bonus
    $5,085
    Other
    $4,845
    Deferred
    $45,737
    Nontaxable benefits
    $35,574
    Filer's total
    $231,110

  • Judith Persinger

    DIR OF ACCFINANCE

    Total calculated
    $208,198
    From this org
    $146,231
    From related orgs
    $0
    Other
    $61,967
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $136,102
    Bonus
    $5,446
    Other
    $4,663
    Deferred
    $38,618
    Nontaxable benefits
    $34,746
    Filer's total
    $219,575

  • Julie Abbott

    DIR OF HUMAN ADMIN

    Total calculated
    $206,606
    From this org
    $144,934
    From related orgs
    $0
    Other
    $61,672
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $137,380
    Bonus
    $4,991
    Other
    $2,563
    Deferred
    $33,920
    Nontaxable benefits
    $39,051
    Filer's total
    $217,905

  • Lisa Staggs Herrmann

    DIR OF MEMBER

    Total calculated
    $189,328
    From this org
    $144,433
    From related orgs
    $0
    Other
    $44,895
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $136,102
    Bonus
    $4,947
    Other
    $3,384
    Deferred
    $17,344
    Nontaxable benefits
    $38,811
    Filer's total
    $200,588

  • Charles Young

    MGR. ENGINEERGIN

    Total calculated
    $171,743
    From this org
    $132,926
    From related orgs
    $0
    Other
    $38,817
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $126,127
    Bonus
    $795
    Other
    $6,004
    Deferred
    $15,613
    Nontaxable benefits
    $33,576
    Filer's total
    $182,115

  • David Evans

    PRESIDENT

    Total calculated
    $20,003
    From this org
    $20,003
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.02

  • James Meador

    SEC/TREASURER

    Total calculated
    $17,036
    From this org
    $17,036
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.45

  • Robert Hoelle

    VICE PRESIDENT

    Total calculated
    $16,381
    From this org
    $16,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.53

  • Michael Tilton

    TRUSTEE

    Total calculated
    $15,545
    From this org
    $15,545
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.66

  • Robert Spaeth

    TRUSTEE

    Total calculated
    $14,358
    From this org
    $14,358
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.3

  • Ronald Kolb

    TRUSTEE

    Total calculated
    $13,565
    From this org
    $13,565
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.13

  • Jay Hasbrook

    TRUSTEE

    Total calculated
    $12,402
    From this org
    $12,402
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.94

  • Thomas L McQuiston

    TRUSTEE

    Total calculated
    $11,883
    From this org
    $11,883
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.83

  • James O'Brien

    TRUSTEE

    Total calculated
    $7,706
    From this org
    $7,706
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.55

  • William Foster

    TRUSTEE

    Total calculated
    $6,683
    From this org
    $6,683
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.09

    Schedule J breakdown matched by us

    Base
    $6,683
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $6,683

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • BREC Scholarships

    $17,000

    College Scholarships

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Brec-Select Inc

    501c12 · Electrician Services · OH

    Directly controlled by Butler Rural Electric Cooperative Inc

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2023
IRS schema version
2022v5.0
Source object
202331229349301213

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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