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Nonprofiteer
← BUTLER RURAL ELECTRIC COOP INC

Form 990 for tax year 2023

Filed by BUTLER RURAL ELECTRIC COOP INC.

Totals

Total revenue
$36,467,194
Total expenses
$36,467,194
Contributions and grants received
$0
Grants paid
$21,500
Program service revenue
$35,390,150
Investment income
$242,552
Other revenue
$834,492
Total assets, end of year
$96,462,443
Total liabilities, end of year
$53,905,083
Net assets or fund balances, end of year
$42,557,360
Program services expenses (Part IX)
$36,467,194
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$36,467,195

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Utilities

    total $34,724,678 · related or exempt $34,724,678 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Program Service Revenue

    total $665,472 · related or exempt $665,472 · unrelated business $0 · excluded $0

  • 2c · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2d · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $240,321 · related or exempt $0 · unrelated business $0 · excluded $240,321

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $362,964 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $362,964 · personal property $0

  • 6d · Net rental income or loss

    total $362,964 · related or exempt $0 · unrelated business $0 · excluded $362,964

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $28,500

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

    securities $0 · other assets $26,269

  • 7c · Gain or loss

    securities $0 · other assets $2,231

  • 7d · Net gain or loss

    total $2,231 · related or exempt $0 · unrelated business $0 · excluded $2,231

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $323,630

  • 10b · Cost of goods sold

    $196,620

  • 10c · Net income from sales of inventory

    total $127,010 · related or exempt $0 · unrelated business $0 · excluded $127,010

  • 11a · Other revenue: ASSOCIATED ORGN PATRONAGE CAPITAL

    total $205,861 · related or exempt $0 · unrelated business $0 · excluded $205,861

  • 11b · Other revenue: ELECTRICIAN SERVICES NON MEMBER

    total $138,642 · related or exempt $0 · unrelated business $138,642 · excluded $0

  • 11c · Other revenue: INTERNET NON MEMBER

    total $15 · related or exempt $0 · unrelated business $15 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $344,518

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $21,500 · program services $21,500

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $2,795,104 · program services $2,795,104

  • 5 · Compensation of officers, directors and key employees

    total $1,089,231 · program services $1,089,231 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $3,060,932 · program services $3,060,932 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $461,868 · program services $461,868 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $854,650 · program services $854,650 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $299,515 · program services $299,515 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $111,551 · program services $111,551 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $24,175 · program services $24,175 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $242,837 · program services $242,837 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $238,280 · program services $238,280 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $288,206 · program services $288,206 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $335,085 · program services $335,085 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $1,604,581 · program services $1,604,581 · management and general $0 · fundraising $0

  • 17 · Travel

    total $78,819 · program services $78,819 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $159,274 · program services $159,274 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,584,272 · program services $1,584,272 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $2,830,961 · program services $2,830,961 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $107,799 · program services $107,799 · management and general $0 · fundraising $0

  • 24a · Other expenses: COST OF POWER

    total $16,951,955 · program services $16,951,955 · management and general $0 · fundraising $0

  • 24b · Other expenses: STATE OF OHIO, KWH TAX

    total $917,076 · program services $917,076 · management and general $0 · fundraising $0

  • 24c · Other expenses: RIGHT-OF-WAY CLEARING

    total $1,396,879 · program services $1,396,879 · management and general $0 · fundraising $0

  • 24d · Other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $1,012,644 · program services $1,012,644 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $749,556 · end of year $489,634

  • 2 · Savings and temporary cash investments

    beginning of year $2,063,865 · end of year $3,061,538

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,379,242 · end of year $3,983,427

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $778,866 · end of year $841,827

  • 9 · Prepaid expenses and deferred charges

    beginning of year $175,552 · end of year $292,657

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

    $97,719,877

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

    $27,810,198

  • 10c · Land, buildings and equipment, net

    beginning of year $68,870,632 · end of year $69,909,679

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $14,910,036 · end of year $15,097,836

  • 14 · Intangible assets

    beginning of year $2,399,212 · end of year $2,382,871

  • 15 · Other assets

    beginning of year $410,765 · end of year $402,974

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,182,116 · end of year $4,335,898

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $47,222,481 · end of year $48,468,038

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,472,047 · end of year $1,101,147

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $120,560 · end of year $120,690

  • 31 · Retained earnings, endowment or other funds

    beginning of year $41,740,522 · end of year $42,436,670

Mission and programs · 2023

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 PARTICIPATE 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 IS AN ELECTRIC DISTRIBUTION COOPERATIVE PROVIDING ELECTRIC SERVICES TO MEMBERS IN BUTLER HAMILTON PREBLE AND MONTGOMERY COUNTIES

  • THE COOPERATIVE IS AN INTEGRAL PART OF THE COMMUNITY PROVIDING ELECTRIC SERVICE TO THE THE MEMBERS IN BUTLER HAMILTON PREBLE AND MONTGOMERY COUNTINES

    Expenses $36,467,195 · Grants $21,500 · Revenue $36,467,195

As filed on the 2023 return.

Listed in Part VII

  • Thomas Wolfenbarger

    GENERAL MANAGER

    Total calculated
    $324,621
    From this org
    $233,984
    From related orgs
    $0
    Other
    $90,637
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $210,953
    Bonus
    $5,896
    Other
    $17,135
    Deferred
    $60,658
    Nontaxable benefits
    $43,693
    Filer's total
    $338,335

  • Julie Abbott

    DIRECTOR OF HUMAN RESOURCES

    Total calculated
    $202,572
    From this org
    $149,086
    From related orgs
    $0
    Other
    $53,486
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $141,513
    Bonus
    $5,198
    Other
    $2,375
    Deferred
    $28,953
    Nontaxable benefits
    $36,158
    Filer's total
    $214,197

  • Laura Smith

    DIRECTOR OF CORPORATE AND MEMBER SERVICES

    Total calculated
    $205,499
    From this org
    $147,624
    From related orgs
    $0
    Other
    $57,875
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $141,107
    Bonus
    $3,249
    Other
    $3,268
    Deferred
    $33,713
    Nontaxable benefits
    $35,675
    Filer's total
    $217,012

  • Michael Murray

    DIRECTOR OF OPERATIONS

    Total calculated
    $203,807
    From this org
    $146,793
    From related orgs
    $0
    Other
    $57,014
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $138,365
    Bonus
    $4,173
    Other
    $4,255
    Deferred
    $32,482
    Nontaxable benefits
    $37,366
    Filer's total
    $216,641

  • Steven Abrams

    LEAD LINEWORKER

    Total calculated
    $189,322
    From this org
    $140,236
    From related orgs
    $0
    Other
    $49,086
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $138,771
    Bonus
    $500
    Other
    $965
    Deferred
    $20,467
    Nontaxable benefits
    $40,886
    Filer's total
    $201,589

  • Raymond Brunner

    OPERATIONS CONSTRUCTION COORDINATOR

    Total calculated
    $191,795
    From this org
    $140,917
    From related orgs
    $0
    Other
    $50,878
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $135,820
    Bonus
    $1,788
    Other
    $3,309
    Deferred
    $22,103
    Nontaxable benefits
    $41,100
    Filer's total
    $204,120

  • David Evans

    PRESIDENT

    Total calculated
    $23,318
    From this org
    $23,318
    From related orgs
    $0
    Other
    $0
    Hours/week
    9

  • Robert Hoelle

    VICE PRESIDENT

    Total calculated
    $14,401
    From this org
    $14,401
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • James Meador

    SECRETARY TREASURER

    Total calculated
    $16,444
    From this org
    $16,444
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Michael Tilton

    TRUSTEE

    Total calculated
    $16,450
    From this org
    $16,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Thomas McQuiston

    TRUSTEE

    Total calculated
    $13,120
    From this org
    $13,120
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • James O'Brien

    TRUSTEE

    Total calculated
    $12,743
    From this org
    $12,743
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Ronald Kolb

    TRUSTEE

    Total calculated
    $12,328
    From this org
    $12,328
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Robert Spaeth

    TRUSTEE

    Total calculated
    $11,388
    From this org
    $11,388
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Jay Hasbrook

    TRUSTEE

    Total calculated
    $10,399
    From this org
    $10,399
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

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

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.

  • BREC SELECT INC

    501(C)(12) · ELECTRICIAN SERVICES · OH

    Directly controlled by BUTLER RURAL ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2023
Filed
16 September 2024
IRS schema version
2023v5.1
Source object
202442609349300104

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