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Nonprofiteer
← BUCKEYE POWER INC

Form 990 for tax year 2023

Filed by BUCKEYE POWER INC.

Totals

Total revenue
$815,866,022
Total expenses
$795,831,880
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$807,658,695
Investment income
$2,314,142
Other revenue
$5,893,185
Total assets, end of year
$1,696,416,205
Total liabilities, end of year
$1,184,363,647
Net assets or fund balances, end of year
$512,052,558
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
    $11,725
    From this org
    $11,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 0.25 related

  • John Metcalf

    Vice Chairman

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.25 + 0.25 related

  • Todd Ware

    Treasurer

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 0.25 related

  • Phillip Caskey

    Trustee

    Total calculated
    $0
    Hours/week
    1.15 + 0.25 related

  • Ted Holsapple

    Trustee

    Total calculated
    $0
    Hours/week
    1.19 + 0.25 related

  • Daniel McNaull

    Trustee

    Total calculated
    $0
    Hours/week
    1.92 + 0.25 related

  • Don Englet

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Brian Hill

    Trustee

    Total calculated
    $0
    Hours/week
    1.54 + 0.25 related

  • Bill Barnhart

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Glenn Miller

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Larry Fenbers

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Tom Musick

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Gary Rowland

    Trustee

    Total calculated
    $0
    Hours/week
    1.35 + 0.25 related

  • Tom Wofenbarger

    Trustee

    Total calculated
    $0
    Hours/week
    1.74 + 0.25 related

  • Gary Knapke

    Trustee

    Total calculated
    $2,225
    From this org
    $2,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 0.25 related

  • Dan Bodette

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Ed VanHoose

    Trustee

    Total calculated
    $0
    Hours/week
    2.08 + 0.25 related

  • Darin Thorp

    Trustee

    Total calculated
    $0
    Hours/week
    0.81 + 0.25 related

  • Ronald Salyer

    Trustee

    Total calculated
    $0
    Hours/week
    1.06 + 0.2 related

  • Richard Lemonds

    Secretary

    Total calculated
    $0
    Hours/week
    1.82 + 0.39 related

  • Brett Perkins

    Trustee

    Total calculated
    $2,625
    From this org
    $2,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.57 + 0.25 related

  • Anthony Smith

    Trustee

    Total calculated
    $0
    Hours/week
    1.06 + 0.25 related

  • Jeff Triplett

    Trustee

    Total calculated
    $0
    Hours/week
    2.5 + 0.25 related

  • Erika Ackley

    Trustee

    Total calculated
    $0
    Hours/week
    1.65 + 0.25 related

  • Kent Eldridge

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Matt Berry

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Randy Price

    Trustee

    Total calculated
    $0
    Hours/week
    1.88 + 0.25 related

  • Tim Street

    Trustee

    Total calculated
    $0
    Hours/week
    1.31 + 0.25 related

  • William Swango

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.25 related

  • Tom Alban

    VP Power Generation

    Total calculated
    $410,822
    From this org
    $284,716
    From related orgs
    $11,863
    Other
    $114,243
    Hours/week
    38.4 + 1.6 related

    Schedule J breakdown matched by us

    Base
    $271,850 + $11,327 related
    Bonus
    $2,736 + $114 related
    Other
    $10,130 + $422 related
    Deferred
    $90,455 + $3,769 related
    Nontaxable benefits
    $19,218 + $801 related
    Filer's total
    $394,389 + $16,433 related

  • Craig Grooms

    Chief Operating Officer

    Total calculated
    $481,103
    From this org
    $329,249
    From related orgs
    $24,782
    Other
    $127,072
    Hours/week
    37.2 + 2.8 related

    Schedule J breakdown matched by us

    Base
    $318,598 + $23,980 related
    Bonus
    $326 + $25 related
    Other
    $10,325 + $777 related
    Deferred
    $93,349 + $7,026 related
    Nontaxable benefits
    $24,828 + $1,869 related
    Filer's total
    $447,426 + $33,677 related

  • Kurt Helfrich

    General Council

    Total calculated
    $471,760
    From this org
    $316,328
    From related orgs
    $55,823
    Other
    $99,609
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $300,073 + $52,954 related
    Bonus
    $6,673 + $1,178 related
    Other
    $9,582 + $1,691 related
    Deferred
    $61,464 + $10,847 related
    Nontaxable benefits
    $23,203 + $4,095 related
    Filer's total
    $400,995 + $70,765 related

  • Doug Miller

    VP Statewide Services

    Total calculated
    $464,482
    From this org
    $75,680
    From related orgs
    $227,039
    Other
    $161,763
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $72,684 + $218,052 related
    Bonus
    $1,588 + $4,763 related
    Other
    $1,408 + $4,224 related
    Deferred
    $35,436 + $106,308 related
    Nontaxable benefits
    $5,005 + $15,014 related
    Filer's total
    $116,121 + $348,361 related

  • Patrick O'Loughlin

    President CEO

    Total calculated
    $1,317,251
    From this org
    $964,657
    From related orgs
    $211,754
    Other
    $140,840
    Hours/week
    32.8 + 7.2 related

    Schedule J breakdown matched by us

    Base
    $952,957 + $209,186 related
    Bonus
    $287 + $63 related
    Other
    $11,413 + $2,505 related
    Deferred
    $99,074 + $21,748 related
    Nontaxable benefits
    $16,415 + $3,603 related
    Filer's total
    $1,080,146 + $237,105 related

  • William Roberts

    VP Finance CFO

    Total calculated
    $511,755
    From this org
    $303,241
    From related orgs
    $75,810
    Other
    $132,704
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $288,880 + $72,220 related
    Bonus
    $5,880 + $1,470 related
    Other
    $8,481 + $2,120 related
    Deferred
    $95,388 + $23,847 related
    Nontaxable benefits
    $10,775 + $2,694 related
    Filer's total
    $409,404 + $102,351 related

  • Greg Niese

    Director of IT

    Total calculated
    $316,526
    From this org
    $170,182
    From related orgs
    $30,032
    Other
    $116,312
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $169,056 + $29,833 related
    Bonus
    $298 + $53 related
    Other
    $828 + $146 related
    Deferred
    $77,537 + $13,683 related
    Nontaxable benefits
    $21,328 + $3,764 related
    Filer's total
    $269,047 + $47,479 related

  • Randall Keefer

    Director Fuel Procurement Byproduct Sales

    Total calculated
    $273,084
    From this org
    $207,374
    From related orgs
    $0
    Other
    $65,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,670
    Bonus
    $2,850
    Other
    $1,854
    Deferred
    $46,040
    Nontaxable benefits
    $19,670
    Filer's total
    $273,084

  • Dave Richardson

    Plant Manager

    Total calculated
    $290,566
    From this org
    $214,876
    From related orgs
    $0
    Other
    $75,690
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,635
    Bonus
    $3,350
    Other
    $2,891
    Deferred
    $56,005
    Nontaxable benefits
    $19,685
    Filer's total
    $290,566

  • Bethany Schunn

    Plant Manager

    Total calculated
    $318,339
    From this org
    $258,783
    From related orgs
    $0
    Other
    $59,556
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,323
    Bonus
    $20,956
    Other
    $504
    Deferred
    $32,444
    Nontaxable benefits
    $27,112
    Filer's total
    $318,339

  • Kevin Zemanek

    VP Operations

    Total calculated
    $268,152
    From this org
    $192,794
    From related orgs
    $14,512
    Other
    $60,846
    Hours/week
    37.2 + 2.8 related

    Schedule J breakdown matched by us

    Base
    $187,422 + $14,107 related
    Bonus
    $4,976 + $375 related
    Other
    $396 + $30 related
    Deferred
    $38,305 + $2,883 related
    Nontaxable benefits
    $18,282 + $1,376 related
    Filer's total
    $249,381 + $18,771 related

  • Ben Wilson

    Assistant VP Power Delivery

    Total calculated
    $240,631
    From this org
    $168,265
    From related orgs
    $18,696
    Other
    $53,670
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $165,801 + $18,422 related
    Bonus
    $2,115 + $235 related
    Other
    $349 + $39 related
    Deferred
    $24,137 + $2,682 related
    Nontaxable benefits
    $24,166 + $2,685 related
    Filer's total
    $216,568 + $24,063 related

  • Paul Jackson

    Director Project Management

    Total calculated
    $251,404
    From this org
    $204,440
    From related orgs
    $0
    Other
    $46,964
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,667
    Bonus
    $350
    Other
    $423
    Deferred
    $29,515
    Nontaxable benefits
    $17,449
    Filer's total
    $251,404

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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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:| Patrick OLoughlin, 26461|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| William Roberts, 8489|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| Kurt Helfrich, 9241|
Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| Craig Grooms, 6602|

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.

  • National Power Cooperative Inc

    C-Corporation · Electric generation · OH · 0% owned · share of income $0 · share of assets $0

  • Cardinal Operating Company

    C-Corporation · Electric generation · OH · 100% owned · share of income $0 · share of assets $0

    Directly controlled by Buckeye Power Inc

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202403099349300410

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

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