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Nonprofiteer
← LICKING RURAL ELECTRIFICATION INC

Form 990 for tax year 2023

Filed by LICKING RURAL ELECTRIFICATION INC.

Totals

Total revenue
$7,796,769
Total expenses
$7,387,698
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,631,245
Investment income
$65,763
Other revenue
$99,761
Total assets, end of year
$34,124,946
Total liabilities, end of year
$27,549,554
Net assets or fund balances, end of year
$6,575,392
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: PIPELINE REVENUES

    total $7,631,245 · related or exempt $7,631,245

  • 3 · Investment income

    total $65,763 · excluded $65,763

  • 11a · Other revenue: CAPITAL CREDIT

    total $90,265 · excluded $90,265

  • 11d · All other revenue

    total $9,496 · related or exempt $1,000 · excluded $8,496

  • 11e · Other revenue, total

    $99,761

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $1,012,039

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,019,675

  • 23 · Insurance

    total $0

  • 24a · Other expenses: OPERATIONS

    total $3,168,861

  • 24b · Other expenses: MAINTENANCE

    total $272,352

  • 24c · Other expenses: ADMIN GENERAL

    total $648,915

  • 24d · Other expenses: GENERAL TAXES

    total $1,265,856

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $9,443 · end of year $14,427

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,652 · end of year $19,652

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

    $49,363,972

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

    $16,617,969

  • 10c · Land, buildings and equipment, net

    beginning of year $30,654,198 · end of year $32,746,003

  • 15 · Other assets

    beginning of year $2,462,312 · end of year $1,344,864

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,643,576 · end of year $1,750,520

  • 25 · Other liabilities

    beginning of year $25,335,708 · end of year $25,799,034

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,166,321 · end of year $6,575,392

Mission and programs · 2023

Mission

TO TRANSPORT NATURAL GAS TO ITS MEMBERS

  • NGO TRANSMISSION TRANSPORTS NATURAL GAS FOR ITS MEMBERS

As filed on the 2023 return.

Listed in Part VII

  • TODD WARE

    PRESIDENT CEO

    Total calculated
    $544,540
    From this org
    $0
    From related orgs
    $404,620
    Other
    $139,920
    Hours/week
    2 + 38 related

  • DANIEL MCVEY

    VP COO

    Total calculated
    $471,191
    From this org
    $0
    From related orgs
    $330,376
    Other
    $140,815
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    not reported + $313,858 related
    Bonus
    not reported + $9,900 related
    Other
    not reported + $6,618 related
    Deferred
    not reported + $109,804 related
    Nontaxable benefits
    not reported + $31,011 related
    Filer's total
    not reported + $471,191 related

  • PAT MCGONAGLE

    VP CFO

    Total calculated
    $451,442
    From this org
    $0
    From related orgs
    $311,710
    Other
    $139,732
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $296,924 related
    Bonus
    not reported + $7,945 related
    Other
    not reported + $6,841 related
    Deferred
    not reported + $105,522 related
    Nontaxable benefits
    not reported + $34,210 related
    Filer's total
    not reported + $451,442 related

  • CONNIE HOGUE

    VP - HR SAFETY

    Total calculated
    $318,448
    From this org
    $0
    From related orgs
    $231,876
    Other
    $86,572
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $217,857 related
    Bonus
    not reported + $7,290 related
    Other
    not reported + $6,729 related
    Deferred
    not reported + $76,091 related
    Nontaxable benefits
    not reported + $10,481 related
    Filer's total
    not reported + $318,448 related

  • SCOTT STITTS

    VP CIO

    Total calculated
    $306,581
    From this org
    $0
    From related orgs
    $204,092
    Other
    $102,489
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    not reported + $193,485 related
    Bonus
    not reported + $4,105 related
    Other
    not reported + $6,502 related
    Deferred
    not reported + $68,279 related
    Nontaxable benefits
    not reported + $34,210 related
    Filer's total
    not reported + $306,581 related

  • JOE HIGDON

    CONTROLLER

    Total calculated
    $299,653
    From this org
    $0
    From related orgs
    $198,779
    Other
    $100,874
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $184,753 related
    Bonus
    not reported + $7,580 related
    Other
    not reported + $6,446 related
    Deferred
    not reported + $66,664 related
    Nontaxable benefits
    not reported + $34,210 related
    Filer's total
    not reported + $299,653 related

  • JOSH FILLER

    VP COO

    Total calculated
    $297,261
    From this org
    $0
    From related orgs
    $212,468
    Other
    $84,793

    Schedule J breakdown matched by us

    Base
    not reported + $199,728 related
    Bonus
    not reported + $7,045 related
    Other
    not reported + $5,695 related
    Deferred
    not reported + $66,517 related
    Nontaxable benefits
    not reported + $18,276 related
    Filer's total
    not reported + $297,261 related

  • PATRICK MULLIGAN

    GAS ENGINEERING MANAGER

    Total calculated
    $242,956
    From this org
    $0
    From related orgs
    $165,600
    Other
    $77,356
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $158,108 related
    Bonus
    not reported + $2,540 related
    Other
    not reported + $4,952 related
    Deferred
    not reported + $56,345 related
    Nontaxable benefits
    not reported + $21,011 related
    Filer's total
    not reported + $242,956 related

  • DON WHEELER

    GAS OPERATIONS MANAGER

    Total calculated
    $237,545
    From this org
    $164,027
    From related orgs
    $0
    Other
    $73,518
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $155,820
    Bonus
    $2,505
    Other
    $5,702
    Deferred
    $55,242
    Nontaxable benefits
    $18,276
    Filer's total
    $237,545

  • NELSON SMITH

    DIRECTOR

    Total calculated
    $37,250
    From this org
    $0
    From related orgs
    $37,250
    Other
    $0
    Hours/week
    1 + 8.25 related

  • JOHN KLAUDER

    DIRECTOR

    Total calculated
    $23,750
    From this org
    $0
    From related orgs
    $23,750
    Other
    $0
    Hours/week
    1 + 5 related

  • BRAD PATTON

    DIRECTOR

    Total calculated
    $21,500
    From this org
    $0
    From related orgs
    $21,500
    Other
    $0
    Hours/week
    0.67 + 3.33 related

  • DUSTIN BUCKINGHAM

    DIRECTOR

    Total calculated
    $20,500
    From this org
    $0
    From related orgs
    $20,500
    Other
    $0
    Hours/week
    1 + 4.5 related

  • TOM GRAHAM

    DIRECTOR

    Total calculated
    $18,200
    From this org
    $0
    From related orgs
    $18,200
    Other
    $0
    Hours/week
    0.67 + 3.33 related

  • WAYNE ZOLLARS

    DIRECTOR

    Total calculated
    $17,750
    From this org
    $0
    From related orgs
    $17,750
    Other
    $0
    Hours/week
    0.67 + 3.33 related

  • DONALD HAWK

    DIRECTOR

    Total calculated
    $17,000
    From this org
    $0
    From related orgs
    $17,000
    Other
    $0
    Hours/week
    0.67 + 3.33 related

  • JOANNE LITTLE

    DIRECTOR

    Total calculated
    $17,000
    From this org
    $0
    From related orgs
    $17,000
    Other
    $0
    Hours/week
    0.67 + 3.33 related

  • MIKE PETTIT

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $0
    From related orgs
    $6,000
    Other
    $0
    Hours/week
    1 + 5 related

  • ROY VAN ATTA

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0.17 + 0.83 related

  • TODD WARE

    DIRECTOR

    Total calculated
    $0

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

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • TODD WARE

    PRESIDENT CEO

    Schedule J breakdown

    Base
    not reported + $394,563 related
    Bonus
    not reported
    Other
    not reported + $10,057 related
    Deferred
    not reported + $129,766 related
    Nontaxable benefits
    not reported + $10,154 related
    Filer's total
    not reported + $544,540 related

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations on this return.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
13 September 2024
IRS schema version
2023v5.1
Source object
202432899349300638

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