Form 990 for tax year 2022
Filed by LICKING RURAL ELECTRIFICATION INC.
Totals
- Total revenue
- $33,316,696
- Total expenses
- $32,960,805
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $33,050,231
- Investment income
- $223,304
- Other revenue
- $43,161
- Total assets, end of year
- $14,715,274
- Total liabilities, end of year
- $10,612,210
- Net assets or fund balances, end of year
- $4,103,064
- 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: ENERGY RELATED SERVICE
total $33,050,231 · related or exempt $33,050,231
-
3 · Investment income
total $223,304 · excluded $223,304
-
11a · Other revenue: PATRONAGE CAPITAL
total $33,367 · excluded $33,367
-
11d · All other revenue
total $9,794 · excluded $9,794
-
11e · Other revenue, total
$43,161
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 $0
-
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 $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $76,334
-
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 $484,297
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: PURCHASED GAS
total $31,937,458
-
24b · Other expenses: ADMINISTRATIVE AND GENERAL
total $453,716
-
24c · Other expenses: RENT
total $9,000
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $22,043 · end of year $23,594
-
4 · Accounts receivable
beginning of year $2,909,576 · end of year $4,126,665
-
9 · Prepaid expenses and deferred charges
beginning of year $10,931 · end of year $12,077
-
11 · Investments: publicly traded securities
beginning of year $41,123 · end of year $33,498
-
15 · Other assets
beginning of year $11,472,682 · end of year $10,519,440
-
17 · Accounts payable and accrued expenses
beginning of year $246,767 · end of year $460,466
-
23 · Secured mortgages and notes payable
beginning of year $10,426,618 · end of year $9,925,922
-
25 · Other liabilities
beginning of year $35,797 · end of year $225,822
-
31 · Retained earnings, endowment or other funds
beginning of year $3,747,173 · end of year $4,103,064
Mission and programs · 2022
Mission
SELLS AND DELIVERS NATURAL GAS TO APPROX 130 LARGE INDUSTRIAL CUSTOMERS OVER NGO COOPERATIVES PIPELINES
Activities or mission (Part I)
SELLS AND DELIVERS NATURAL GAS TO APPROX 130 LARGE INDUSTRIAL CUSTOMERS
-
PRODUCERS GAS SALES INC. SELLS AND DELIVERS GAS TO APPROX. 130 LARGE INDUSTRIAL MEMBERS OVER NGO COOPERATIVES PIPELINES
As filed on the 2022 return.
Listed in Part VII
-
Todd WareTODD WARE
PRESIDENT CEO
- Total calculated
- $502,382
- From this org
- $0
- From related orgs
- $374,686
- Other
- $127,696
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- not reported + $364,857 related
- Bonus
- not reported
- Other
- not reported + $9,829 related
- Deferred
- not reported + $117,233 related
- Nontaxable benefits
- not reported + $10,463 related
- Filer's total
- not reported + $502,382 related
-
Daniel McVeyDANIEL MCVEY
VP COO
- Total calculated
- $432,205
- From this org
- $0
- From related orgs
- $309,674
- Other
- $122,531
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- not reported + $295,515 related
- Bonus
- not reported + $7,670 related
- Other
- not reported + $6,489 related
- Deferred
- not reported + $101,166 related
- Nontaxable benefits
- not reported + $21,365 related
- Filer's total
- not reported + $432,205 related
-
Pat McGonaglePAT MCGONAGLE
VP CFO
- Total calculated
- $426,129
- From this org
- $0
- From related orgs
- $294,210
- Other
- $131,919
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- not reported + $281,667 related
- Bonus
- not reported + $5,710 related
- Other
- not reported + $6,833 related
- Deferred
- not reported + $97,670 related
- Nontaxable benefits
- not reported + $34,249 related
- Filer's total
- not reported + $426,129 related
-
Connie HogueCONNIE HOGUE
VP - HR SAFETY
- Total calculated
- $301,169
- From this org
- $0
- From related orgs
- $219,227
- Other
- $81,942
Schedule J breakdown matched by us
- Base
- not reported + $207,037 related
- Bonus
- not reported + $5,325 related
- Other
- not reported + $6,865 related
- Deferred
- not reported + $70,431 related
- Nontaxable benefits
- not reported + $11,511 related
- Filer's total
- not reported + $301,169 related
-
Joe HigdonJOE HIGDON
CONTROLLER
- Total calculated
- $287,609
- From this org
- $0
- From related orgs
- $191,086
- Other
- $96,523
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- not reported + $175,867 related
- Bonus
- not reported + $8,760 related
- Other
- not reported + $6,459 related
- Deferred
- not reported + $62,274 related
- Nontaxable benefits
- not reported + $34,249 related
- Filer's total
- not reported + $287,609 related
-
Gary BakerGARY BAKER
VP - MARKETING AND MEMBER SERVICES
- Total calculated
- $267,880
- From this org
- $0
- From related orgs
- $181,143
- Other
- $86,737
Schedule J breakdown matched by us
- Base
- not reported + $171,130 related
- Bonus
- not reported + $3,345 related
- Other
- not reported + $6,668 related
- Deferred
- not reported + $55,709 related
- Nontaxable benefits
- not reported + $31,028 related
- Filer's total
- not reported + $267,880 related
-
Scott StittsSCOTT STITTS
VP CIO
- Total calculated
- $266,581
- From this org
- $0
- From related orgs
- $177,821
- Other
- $88,760
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- not reported + $170,141 related
- Bonus
- not reported + $1,150 related
- Other
- not reported + $6,530 related
- Deferred
- not reported + $54,511 related
- Nontaxable benefits
- not reported + $34,249 related
- Filer's total
- not reported + $266,581 related
-
Josh FillerJOSH FILLER
VP COO
- Total calculated
- $261,207
- From this org
- $0
- From related orgs
- $193,487
- Other
- $67,720
Schedule J breakdown matched by us
- Base
- not reported + $182,343 related
- Bonus
- not reported + $5,620 related
- Other
- not reported + $5,524 related
- Deferred
- not reported + $51,317 related
- Nontaxable benefits
- not reported + $16,403 related
- Filer's total
- not reported + $261,207 related
-
Patrick MulliganPATRICK MULLIGAN
MANAGER OF ENGINEERING
- Total calculated
- $231,414
- From this org
- $0
- From related orgs
- $157,408
- Other
- $74,006
Schedule J breakdown matched by us
- Base
- not reported + $151,512 related
- Bonus
- not reported + $1,350 related
- Other
- not reported + $4,546 related
- Deferred
- not reported + $52,641 related
- Nontaxable benefits
- not reported + $21,365 related
- Filer's total
- not reported + $231,414 related
-
Nelson SmithNELSON SMITH
DIRECTOR
- Total calculated
- $35,000
- From this org
- $0
- From related orgs
- $35,000
- Other
- $0
- Hours/week
- 0.25 + 9 related
-
Tom GrahamTOM GRAHAM
DIRECTOR
- Total calculated
- $21,700
- From this org
- $0
- From related orgs
- $21,700
- Other
- $0
- Hours/week
- 0.65 + 3.35 related
-
Donald HawkDONALD HAWK
DIRECTOR
- Total calculated
- $19,250
- From this org
- $0
- From related orgs
- $19,250
- Other
- $0
- Hours/week
- 0.65 + 3.35 related
-
John KlauderJOHN KLAUDER
DIRECTOR
- Total calculated
- $17,750
- From this org
- $0
- From related orgs
- $17,750
- Other
- $0
- Hours/week
- 1 + 5 related
-
Joanne LittleJOANNE LITTLE
DIRECTOR
- Total calculated
- $15,500
- From this org
- $0
- From related orgs
- $15,500
- Other
- $0
- Hours/week
- 0.65 + 3.35 related
-
Dustin BuckinghamDUSTIN BUCKINGHAM
DIRECTOR
- Total calculated
- $14,750
- From this org
- $0
- From related orgs
- $14,750
- Other
- $0
- Hours/week
- 0.5 + 5 related
-
Wayne ZollarsWAYNE ZOLLARS
DIRECTOR
- Total calculated
- $13,750
- From this org
- $0
- From related orgs
- $13,750
- Other
- $0
- Hours/week
- 0.65 + 3.35 related
-
Brad PattonBRAD PATTON
DIRECTOR
- Total calculated
- $10,250
- From this org
- $0
- From related orgs
- $10,250
- Other
- $0
- Hours/week
- 0.65 + 3.35 related
-
Jack Schmidt JrJACK SCHMIDT JR
DIRECTOR
- Total calculated
- $8,850
- From this org
- $0
- From related orgs
- $8,850
- Other
- $0
- Hours/week
- 0.5 + 5.5 related
-
Mike PettitMIKE PETTIT
DIRECTOR
- Total calculated
- $7,750
- From this org
- $0
- From related orgs
- $7,750
- Other
- $0
- Hours/week
- 1 + 5 related
-
Daniel DuppsDANIEL DUPPS
DIRECTOR
- Total calculated
- $6,750
- From this org
- $0
- From related orgs
- $6,750
- Other
- $0
- Hours/week
- 0.65 + 3.35 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
- 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.
-
LICKING RUAL ELECTRIFICATION INC
501c12 · ELECTRIC DISTRIBUTION · OH
-
501c12 · NATURAL GAS TRANSPORT · OH
-
NATIONAL GAS & OIL COOPERATIVE
501c12 · NATURAL GAS DISTRIBUTION · OH
-
THE ENERGY COOPERATIVE ROUND UP FOUNDATION
501c3 · FUNDING ASSISTANCE · 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
-
NATIONAL GAS & OIL COMPANY
C Corp · NATURAL GAS SERVICE · OH
-
NGO DEVELOPMENT CORP
C Corp · OIL GAS PRODUCTION · OH
-
THE ENERGY COOPERATIVE
C Corp · NATURAL GAS MARKETING · OH
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332279349303848
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