Form 990 for tax year 2023
Filed by LICKING RURAL ELECTRIFICATION INC.
Totals
- Total revenue
- $43,948,111
- Total expenses
- $41,854,480
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $43,452,204
- Investment income
- $37
- Other revenue
- $495,870
- Total assets, end of year
- $119,985,167
- Total liabilities, end of year
- $128,865,485
- Net assets or fund balances, end of year
- -$8,880,318
- 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: GAS SERVICE REVENUE
total $43,452,204 · related or exempt $43,452,204
-
3 · Investment income
total $37 · excluded $37
-
11a · Other revenue: PATRONAGE CAPITAL
total $301,167 · excluded $301,167
-
11d · All other revenue
total $256,218 · related or exempt $254,091 · excluded $2,127
-
11e · Other revenue, total
$495,870
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 $2,601,946
-
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 $576,475
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $56,758
-
11c · Fees: accounting
total $29,800
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $405,518
-
13 · Office expenses
total $660,821
-
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 $3,779,732
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $5,287,888
-
23 · Insurance
total $517,377
-
24a · Other expenses: PURCHASED GAS
total $16,671,357
-
24b · Other expenses: OPERATIONS MAINTENANCE
total $6,587,756
-
24c · Other expenses: ADMINISTRATIVE GENERAL
total $678,991
-
24d · Other expenses: GENERAL TAXES
total $4,000,061
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $800 · end of year $800
-
4 · Accounts receivable
beginning of year $7,459,841 · end of year $5,950,613
-
8 · Inventories for sale or use
beginning of year $11,795,457 · end of year $5,192,425
-
9 · Prepaid expenses and deferred charges
beginning of year $83,887 · end of year $99,155
-
10a · Land, buildings and equipment: cost or other basis
$173,923,619
-
10b · Land, buildings and equipment: accumulated depreciation
$68,921,242
-
10c · Land, buildings and equipment, net
beginning of year $94,683,804 · end of year $105,002,377
-
15 · Other assets
beginning of year $3,621,313 · end of year $3,739,797
-
17 · Accounts payable and accrued expenses
beginning of year $12,557,120 · end of year $8,731,977
-
23 · Secured mortgages and notes payable
beginning of year $81,812,535 · end of year $88,052,508
-
25 · Other liabilities
beginning of year $34,249,396 · end of year $32,081,000
-
31 · Retained earnings, endowment or other funds
beginning of year -$10,973,949 · end of year -$8,880,318
Mission and programs · 2023
Mission
TO DISTRIBUTE AND TRANSPORT NATURAL GAS FOR AND TO OUR MEMBERS
-
NATURAL GAS DISTRIBUTION UTILITY SERVING APPROX 38,000 MEMBERS IN 10 OHIO COUNTIES
As filed on the 2023 return.
Listed in Part VII
-
Todd WareTODD WARE
PRESIDENT CEO
- Total calculated
- $544,540
- From this org
- $404,620
- From related orgs
- $0
- Other
- $139,920
- Hours/week
- 17 + 23 related
-
Daniel McVeyDANIEL MCVEY
VP COO
- Total calculated
- $471,191
- From this org
- $330,376
- From related orgs
- $0
- Other
- $140,815
- Hours/week
- 24 + 16 related
Schedule J breakdown matched by us
- Base
- $313,858
- Bonus
- $9,900
- Other
- $6,618
- Deferred
- $109,804
- Nontaxable benefits
- $31,011
- Filer's total
- $471,191
-
Pat McGonaglePAT MCGONAGLE
VP CFO
- Total calculated
- $451,442
- From this org
- $311,710
- From related orgs
- $0
- Other
- $139,732
- Hours/week
- 16 + 24 related
Schedule J breakdown matched by us
- Base
- $296,924
- Bonus
- $7,945
- Other
- $6,841
- Deferred
- $105,522
- Nontaxable benefits
- $34,210
- Filer's total
- $451,442
-
Connie HogueCONNIE HOGUE
VP - HR SAFETY
- Total calculated
- $318,448
- From this org
- $231,876
- From related orgs
- $0
- Other
- $86,572
- Hours/week
- 18 + 22 related
Schedule J breakdown matched by us
- Base
- $217,857
- Bonus
- $7,290
- Other
- $6,729
- Deferred
- $76,091
- Nontaxable benefits
- $10,481
- Filer's total
- $318,448
-
Scott StittsSCOTT STITTS
VP CIO
- Total calculated
- $306,581
- From this org
- $204,092
- From related orgs
- $0
- Other
- $102,489
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $193,485
- Bonus
- $4,105
- Other
- $6,502
- Deferred
- $68,279
- Nontaxable benefits
- $34,210
- Filer's total
- $306,581
-
Joe HigdonJOE HIGDON
CONTROLLER
- Total calculated
- $299,653
- From this org
- $198,779
- From related orgs
- $0
- Other
- $100,874
- Hours/week
- 17 + 23 related
Schedule J breakdown matched by us
- Base
- $184,753
- Bonus
- $7,580
- Other
- $6,446
- Deferred
- $66,664
- Nontaxable benefits
- $34,210
- Filer's total
- $299,653
-
Josh FillerJOSH 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 MulliganPATRICK MULLIGAN
GAS ENGINEERING MANAGER
- Total calculated
- $242,956
- From this org
- $165,600
- From related orgs
- $0
- Other
- $77,356
- Hours/week
- 34 + 6 related
Schedule J breakdown matched by us
- Base
- $158,108
- Bonus
- $2,540
- Other
- $4,952
- Deferred
- $56,345
- Nontaxable benefits
- $21,011
- Filer's total
- $242,956
-
Don WheelerDON WHEELER
GAS OPERATIONS MANAGER
- Total calculated
- $237,545
- From this org
- $0
- From related orgs
- $164,027
- Other
- $73,518
- Hours/week
- 15 + 25 related
Schedule J breakdown matched by us
- Base
- not reported + $155,820 related
- Bonus
- not reported + $2,505 related
- Other
- not reported + $5,702 related
- Deferred
- not reported + $55,242 related
- Nontaxable benefits
- not reported + $18,276 related
- Filer's total
- not reported + $237,545 related
-
Nelson SmithNELSON SMITH
DIRECTOR
- Total calculated
- $37,250
- From this org
- $0
- From related orgs
- $37,250
- Other
- $0
- Hours/week
- 2 + 7.25 related
-
John KlauderJOHN KLAUDER
DIRECTOR
- Total calculated
- $23,750
- From this org
- $0
- From related orgs
- $23,750
- Other
- $0
- Hours/week
- 1 + 5 related
-
Brad PattonBRAD 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 BuckinghamDUSTIN BUCKINGHAM
DIRECTOR
- Total calculated
- $20,500
- From this org
- $0
- From related orgs
- $20,500
- Other
- $0
- Hours/week
- 1 + 4.5 related
-
Tom GrahamTOM 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 ZollarsWAYNE 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 HawkDONALD 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 LittleJOANNE 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 PetitMIKE PETIT
DIRECTOR
- Total calculated
- $6,000
- From this org
- $0
- From related orgs
- $6,000
- Other
- $0
- Hours/week
- 1 + 5 related
-
Roy Van AttaROY 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 WareTODD 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 WareTODD WARE
PRESIDENT CEO
Schedule J breakdown
- Base
- $394,563
- Bonus
- not reported
- Other
- $10,057
- Deferred
- $129,766
- Nontaxable benefits
- $10,154
- Filer's total
- $544,540
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.
-
501c12 · NATURAL GAS TRANSPORTATION · OH
-
LICKING RURAL ELECTRIFICATION INC
501c12 · ELECTRIC DISTRIBUTION · OH
-
501c12 · MARKETING OF NATURAL GAS · OH
-
501c3 · FUNDS DISTRIBUTION · OH
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.
-
NGO PROPANE COOPERATIVE
C Corp · PROPANE DISTRIBUTION · OH
-
NGO DEVELOPMENT CORP
C Corp · OIL GAS PRODUCTION · OH
-
THE ENERGY COOPERATIVE
C Corp · NATURAL GAS MARKETING · OH
-
NATIONAL GAS & OIL COMPANY
C Corp · NATURAL GAS SERVICE · OH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412899349301526
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