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Nonprofiteer
← BUCKEYE POWER INC

Form 990 for tax year 2022

Filed by BUCKEYE POWER INC.

Totals

Total revenue
$832,696,275
Total expenses
$791,988,048
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$825,996,768
Investment income
$1,525,773
Other revenue
$5,173,734
Total assets, end of year
$1,688,219,536
Total liabilities, end of year
$1,166,829,052
Net assets or fund balances, end of year
$521,390,484
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Steven Nelson

    Chairman

    Total calculated
    $9,350
    From this org
    $9,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.13

  • John Metcalf

    Vice Chairman

    Total calculated
    $5,300
    From this org
    $5,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.87 + 0.06 related

  • Todd Ware

    Treasurer

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.07

  • Phillip Caskey

    Trustee

    Total calculated
    $0
    Hours/week
    1.63

  • Ted Holsapple

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Daniel McNaull

    Trustee

    Total calculated
    $0
    Hours/week
    2.73

  • Tonda Meadows

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Brian Hill

    Trustee

    Total calculated
    $0
    Hours/week
    1.88

  • Bill Barnhart

    Trustee

    Total calculated
    $0
    Hours/week
    1.79

  • Glenn Miller

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Larry Fenbers

    Trustee

    Total calculated
    $0
    Hours/week
    2.5 + 0.5 related

  • Joe Waltz

    Trustee

    Total calculated
    $0
    Hours/week
    0.29

  • Gary Rowland

    Trustee

    Total calculated
    $0
    Hours/week
    2.12

  • Tom Wofenbarger

    Trustee

    Total calculated
    $0
    Hours/week
    1.55 + 0.15 related

  • Gary Knapke

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Dan Bodette

    Trustee

    Total calculated
    $0
    Hours/week
    0.19

  • Ed VanHoose

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Darin Thorp

    Trustee

    Total calculated
    $0
    Hours/week
    1.25

  • George Carter

    Trustee

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.51

  • Ronald Salyer

    Trustee

    Total calculated
    $0
    Hours/week
    1.27 + 0.4 related

  • Richard Lemonds

    Secretary

    Total calculated
    $0
    Hours/week
    1.68 + 0.34 related

  • Brett Perkins

    Trustee

    Total calculated
    $2,875
    From this org
    $2,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.36

  • Anthony Smith

    Trustee

    Total calculated
    $0
    Hours/week
    0.88

  • Jeff Triplett

    Trustee

    Total calculated
    $0
    Hours/week
    1.21

  • Erika Ackley

    Trustee

    Total calculated
    $0
    Hours/week
    1.11

  • Kent Eldridge

    Trusett

    Total calculated
    $0
    Hours/week
    0

  • Matt Berry

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Randy Price

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Ryan Smith

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • Tim Street

    Trustee

    Total calculated
    $0
    Hours/week
    0

  • William Swango

    Trustee

    Total calculated
    $0
    Hours/week
    0.15

  • Tom Alban

    VP Power Generation

    Total calculated
    $454,535
    From this org
    $282,144
    From related orgs
    $11,756
    Other
    $160,635
    Hours/week
    38.4 + 1.6 related

    Schedule J breakdown matched by us

    Base
    $267,565 + $11,149 related
    Bonus
    $5,136 + $214 related
    Other
    $9,443 + $393 related
    Deferred
    $135,668 + $5,653 related
    Nontaxable benefits
    $18,541 + $773 related
    Filer's total
    $436,353 + $18,182 related

  • Craig Grooms

    Chief Operating Officer

    Total calculated
    $463,077
    From this org
    $279,676
    From related orgs
    $14,720
    Other
    $168,681
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $266,199 + $14,010 related
    Bonus
    $4,133 + $218 related
    Other
    $9,345 + $492 related
    Deferred
    $135,877 + $7,151 related
    Nontaxable benefits
    $24,370 + $1,283 related
    Filer's total
    $439,924 + $23,154 related

  • Kurt Helfrich

    General Council

    Total calculated
    $481,497
    From this org
    $309,080
    From related orgs
    $54,544
    Other
    $117,873
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $294,725 + $52,010 related
    Bonus
    $5,398 + $953 related
    Other
    $8,957 + $1,581 related
    Deferred
    $77,877 + $13,743 related
    Nontaxable benefits
    $22,315 + $3,938 related
    Filer's total
    $409,272 + $72,225 related

  • Doug Miller

    VP Statewide Services

    Total calculated
    $516,848
    From this org
    $71,817
    From related orgs
    $215,452
    Other
    $229,579
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $69,318 + $207,953 related
    Bonus
    $463 + $1,388 related
    Other
    $2,037 + $6,111 related
    Deferred
    $50,988 + $152,964 related
    Nontaxable benefits
    $6,407 + $19,220 related
    Filer's total
    $129,213 + $387,636 related

  • Patrick O'Loughlin

    President CEO

    Total calculated
    $2,524,457
    From this org
    $1,950,699
    From related orgs
    $428,202
    Other
    $145,556
    Hours/week
    32.8 + 7.2 related

    Schedule J breakdown matched by us

    Base
    $1,939,916 + $425,835 related
    Bonus
    $287 + $63 related
    Other
    $10,496 + $2,304 related
    Deferred
    $103,519 + $22,724 related
    Nontaxable benefits
    $15,837 + $3,476 related
    Filer's total
    $2,070,055 + $454,402 related

  • Kevin Fletcher

    OM Plant Technician Principal

    Total calculated
    $271,428
    From this org
    $203,391
    From related orgs
    $0
    Other
    $68,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,555
    Bonus
    $350
    Other
    $486
    Deferred
    $43,967
    Nontaxable benefits
    $24,070
    Filer's total
    $271,428

  • William Roberts

    VP Finance CFO

    Total calculated
    $502,730
    From this org
    $285,837
    From related orgs
    $71,459
    Other
    $145,434
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $275,475 + $68,869 related
    Bonus
    $2,280 + $570 related
    Other
    $8,082 + $2,020 related
    Deferred
    $102,573 + $25,643 related
    Nontaxable benefits
    $13,774 + $3,444 related
    Filer's total
    $402,184 + $100,546 related

  • Greg Niese

    Director of IT

    Total calculated
    $323,562
    From this org
    $172,196
    From related orgs
    $19,133
    Other
    $132,233
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $171,042 + $19,005 related
    Bonus
    $315 + $35 related
    Other
    $839 + $93 related
    Deferred
    $97,469 + $10,830 related
    Nontaxable benefits
    $21,541 + $2,393 related
    Filer's total
    $291,206 + $32,356 related

  • Randell Keefer

    Director Fuel Procurement Byproduct Sales

    Total calculated
    $284,319
    From this org
    $198,832
    From related orgs
    $0
    Other
    $85,487
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,709
    Bonus
    $4,350
    Other
    $1,773
    Deferred
    $61,417
    Nontaxable benefits
    $24,070
    Filer's total
    $284,319

  • Dave Richardson

    Plant Manager

    Total calculated
    $283,644
    From this org
    $200,124
    From related orgs
    $0
    Other
    $83,520
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,992
    Bonus
    $350
    Other
    $1,782
    Deferred
    $64,612
    Nontaxable benefits
    $18,908
    Filer's total
    $283,644

  • Bethany Schunn

    Plant Manager

    Total calculated
    $308,892
    From this org
    $241,945
    From related orgs
    $0
    Other
    $66,947
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,770
    Bonus
    $14,709
    Other
    $466
    Deferred
    $40,981
    Nontaxable benefits
    $25,966
    Filer's total
    $308,892

  • Kevin Zemanek

    Assistant VP Operations

    Total calculated
    $267,032
    From this org
    $180,281
    From related orgs
    $13,570
    Other
    $73,181
    Hours/week
    37.2 + 2.8 related

    Schedule J breakdown matched by us

    Base
    $178,646 + $13,446 related
    Bonus
    $1,256 + $95 related
    Other
    $379 + $29 related
    Deferred
    $50,581 + $3,807 related
    Nontaxable benefits
    $17,477 + $1,316 related
    Filer's total
    $248,339 + $18,693 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| Pat O'Loughlin, 21936|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| Kurt Helfrich, 11076|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| William Roberts, 10225|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| Tom Alban, 0|

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
11 November 2023
IRS schema version
2022v5.0
Source object
202343159349300004

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