Totals
- Total revenue
- $18,106,604
- Total expenses
- $18,106,604
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $17,312,878
- Investment income
- $35,805
- Other revenue
- $757,921
- Total assets, end of year
- $48,544,887
- Total liabilities, end of year
- $28,311,690
- Net assets or fund balances, end of year
- $20,233,197
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $18,106,604
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: Sale and Distribution Of Electricity
total $17,312,878 · related or exempt $17,312,878
-
3 · Investment income
total $25,843 · excluded $25,843
-
6a · Gross rents
personal property $198,322
-
6c · Rental income or loss
personal property $198,322
-
6d · Net rental income or loss
total $198,322 · excluded $198,322
-
7a · Gross sales of assets other than inventory
other assets $13,353
-
7b · Less cost or other basis and sales expenses
other assets $3,391
-
7c · Gain or loss
other assets $9,962
-
7d · Net gain or loss
total $9,962 · unrelated business $9,962
-
11a · Other revenue: Buckeye Power -Capital Credits
total $513,944 · excluded $513,944
-
11b · Other revenue: Other Capital Credits
total $45,655 · excluded $45,655
-
11e · Other revenue, total
$559,599
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 $756,824
-
5 · Compensation of officers, directors and key employees
total $911,895
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $2,176,920
-
8 · Pension plan contributions
total $210,457
-
9 · Other employee benefits
total $687,146
-
10 · Payroll taxes
total $218,846
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $9,600
-
11c · Fees: accounting
total $22,500
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $42,988
-
13 · Office expenses
total $15,193
-
14 · Information technology
total $15,875
-
15 · Royalties
total $0
-
16 · Occupancy
total $8,617
-
17 · Travel
total $14,715
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $14,753
-
20 · Interest
total $766,925
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,350,448
-
23 · Insurance
total $0
-
24a · Other expenses: State of Ohio kWh tax
total $509,753
-
24b · Other expenses: Purchased Power, Net
total $10,236,784
-
24c · Other expenses: Administrative and Distribution
total $136,365
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $600 · end of year $600
-
2 · Savings and temporary cash investments
beginning of year $2,627,716 · end of year $561,638
-
4 · Accounts receivable
beginning of year $1,496,793 · end of year $2,564,437
-
8 · Inventories for sale or use
beginning of year $323,186 · end of year $610,848
-
9 · Prepaid expenses and deferred charges
beginning of year $264,813 · end of year $170,575
-
10a · Land, buildings and equipment: cost or other basis
$51,555,332
-
10b · Land, buildings and equipment: accumulated depreciation
$16,915,031
-
10c · Land, buildings and equipment, net
beginning of year $34,491,724 · end of year $34,640,301
-
13 · Investments: program-related
beginning of year $10,255,522 · end of year $9,963,298
-
15 · Other assets
beginning of year $20,503 · end of year $33,190
-
17 · Accounts payable and accrued expenses
beginning of year $2,586,790 · end of year $2,781,959
-
23 · Secured mortgages and notes payable
beginning of year $26,084,040 · end of year $24,736,188
-
25 · Other liabilities
beginning of year $739,797 · end of year $793,543
-
29 · Capital stock, trust principal or current funds
beginning of year $20,070,230 · end of year $20,233,197
Mission and programs · 2022
Mission
Since being established in 1936 in Coshocton, Ohio, The Frontier Power Company has been operating as Non-Profit 501 c 12Electric Distribution utility. The Frontier Power Companys mission is to serve and distribute affordable and reliable electricity to consumers in rural areas of East Central Ohio.
Activities or mission (Part I)
Frontier Powers mission is to serve and distribute affordable and reliable electricity to consumers in rural areas of East Central Ohio.
-
Sale and Distribution of Electric Power to Rural Areas of Seven Counties in East Central Ohio. The Number of Consumers Served Averaged at 9,124 in 2022. The Total Energy Sales were 112,566,444 kWh.
Expenses $18,106,604
As filed on the 2022 return.
Listed in Part VII
-
Steven K Nelson
General Manager
- Total calculated
- $509,453
- From this org
- $391,147
- From related orgs
- $0
- Other
- $118,306
- Hours/week
- 51
Schedule J breakdown matched by us
- Base
- $391,147
- Bonus
- not reported
- Other
- not reported
- Deferred
- $87,383
- Nontaxable benefits
- $30,924
- Filer's total
- $509,454
-
Philip Crowdy
Operations Manager
- Total calculated
- $211,903
- From this org
- $139,689
- From related orgs
- $0
- Other
- $72,214
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $139,689
- Bonus
- not reported
- Other
- not reported
- Deferred
- $43,494
- Nontaxable benefits
- $28,720
- Filer's total
- $211,903
-
Bornwell Sianjina
Manager of Accounting and Finance
- Total calculated
- $196,619
- From this org
- $122,460
- From related orgs
- $0
- Other
- $74,159
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $122,460
- Bonus
- not reported
- Other
- not reported
- Deferred
- $48,599
- Nontaxable benefits
- $25,560
- Filer's total
- $196,619
-
David P Mizer
Sec/Treasurer-Director
- Total calculated
- $15,353
- From this org
- $15,353
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Ann M Gano
Director
- Total calculated
- $15,125
- From this org
- $15,125
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Tim Dickerson
Director
- Total calculated
- $13,889
- From this org
- $13,889
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.5
-
Seth D Garber
V. President - Director
- Total calculated
- $13,379
- From this org
- $13,379
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
William Daugherty
President - Director
- Total calculated
- $12,836
- From this org
- $12,836
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3.5
-
Jerry W Olinger
Director
- Total calculated
- $11,374
- From this org
- $11,374
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
James Buxton
President - Director
- Total calculated
- $5,231
- From this org
- $5,231
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
Schedule J breakdown matched by us
- Base
- $5,231
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $5,231
-
Kurt S Ellis
Director
- Total calculated
- $4,078
- From this org
- $4,078
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
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 · Compensation committee
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311749349300646
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