Buckeye Power Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 310676582 ✦ Columbus, OH ✦ Designated as a 501(c)(12)

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Overview

What is Buckeye Power Inc?

Buckeye Power Inc, headquartered in Columbus, Ohio, is a not-for-profit electric generation and transmission cooperative. With a team of 79 employees, Buckeye provides wholesale electric service to 25 member cooperatives, all of which are engaged in the sale of electricity within the State of Ohio. Buckeye's mission is to deliver stably and competitively priced economical and highly reliable wholesale power to its members, ensuring the benefits extend to their communities. As a cooperative, Buckeye operates on a collaborative basis, with a focus on supplying power efficiently and effectively for its members.

Is Buckeye Power Inc legitimate?

Buckeye Power Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Buckeye Power Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,037,213

For more financial information, click here

What is the mission statement of Buckeye Power Inc?

Buckeye Power Inc is a cooperative that provides wholesale electric service to its members in Ohio. Its mission is to deliver economical and reliable power to its members, ensuring stability and affordability for their communities. As a not-for-profit entity, Buckeye operates on a cooperative basis, committed to the well-being of its members. The organization's primary goal is to ensure a steady power supply at competitive prices, enhancing the quality of life for those it serves.

Who is the CEO of Buckeye Power Inc?

Craig Grooms is the Chief Operating Officer of Buckeye Power Inc. The CEO's salary of Buckeye Power Inc is $1,950,699 and their total compensation is $2,524,457.

What is the revenue of Buckeye Power Inc?

Buckeye Power Inc's revenue in 2023 was $832,696,275.

Who are the executives of Buckeye Power Inc and what are their salaries?

The average compensation at Buckeye Power Inc during 2023 was $76,420. There are 79 employees at Buckeye Power Inc.


Here are 43 key members and their salaries (Buckeye Power Inc's CEO's salary is $1,950,699 and their total compensation is $2,524,457):


Steven Nelson (Chairman)
  • Compensation: $9,350
  • Related: $0
  • Other: $0
John Metcalf (Vice Chairman)
  • Compensation: $5,300
  • Related: $0
  • Other: $0
Todd Ware (Treasurer)
  • Compensation: $2,250
  • Related: $0
  • Other: $0
Phillip Caskey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Holsapple (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Mcnaull (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tonda Meadows (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Hill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Barnhart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Glenn Miller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Fenbers (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Waltz (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Rowland (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Wofenbarger (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Knapke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Bodette (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Vanhoose (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darin Thorp (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Carter (Trustee)
  • Compensation: $1,500
  • Related: $0
  • Other: $0
Ronald Salyer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Lemonds (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brett Perkins (Trustee)
  • Compensation: $2,875
  • Related: $0
  • Other: $0
Anthony Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Triplett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erika Ackley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Eldridge (Trusett)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Berry (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Price (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Street (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Swango (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Alban (Vp Power Generation)
  • Compensation: $282,144
  • Related: $11,756
  • Other: $160,635
Craig Grooms (Chief Operating Officer)
  • Compensation: $279,676
  • Related: $14,720
  • Other: $168,681
Kurt Helfrich (General Council)
  • Compensation: $309,080
  • Related: $54,544
  • Other: $117,873
Doug Miller (Vp Statewide Services)
  • Compensation: $71,817
  • Related: $215,452
  • Other: $229,579
Patrick O'Loughlin (President Ceo)
  • Compensation: $1,950,699
  • Related: $428,202
  • Other: $145,556
Kevin Fletcher (Om Plant Technician Principal)
  • Compensation: $203,391
  • Related: $0
  • Other: $68,037
William Roberts (Vp Finance Cfo)
  • Compensation: $285,837
  • Related: $71,459
  • Other: $145,434
Greg Niese (Director Of It)
  • Compensation: $172,196
  • Related: $19,133
  • Other: $132,233
Randell Keefer (Director Fuel Procurement Byproduct Sales)
  • Compensation: $198,832
  • Related: $0
  • Other: $85,487
Dave Richardson (Plant Manager)
  • Compensation: $200,124
  • Related: $0
  • Other: $83,520
Bethany Schunn (Plant Manager)
  • Compensation: $241,945
  • Related: $0
  • Other: $66,947
Kevin Zemanek (Assistant Vp Operations)
  • Compensation: $180,281
  • Related: $13,570
  • Other: $73,181
Where can I find the form 990 for Buckeye Power Inc?

Buckeye Power Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Buckeye Power Inc

Buckeye Power Inc, a not-for-profit electric generation and transmission cooperative, is dedicated to delivering stable and competitively priced economical power to its member cooperatives and their communities. The cooperative, headquartered in Columbus, Ohio, operates on a cooperative basis to provide reliable wholesale electric service to its 25 members across the state. Buckeye Power's mission is to ensure a consistent and affordable energy supply for its members, thereby contributing to the overall well-being of their communities. The cooperative's primary focus is on providing economical and reliable wholesale power that benefits its members, aiming for a sustainable energy future. By leveraging its resources and expertise, Buckeye Power Inc is able to meet the unique energy needs of its diverse membership, ensuring a stable and secure energy infrastructure for all.

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Impact




October, 2024

Buckeye Power Inc. plays a crucial role in providing stable and competitively priced wholesale electricity to its 25 member cooperatives across Ohio. By focusing on delivering economical and highly reliable power, Buckeye helps ensure that communities have access to essential energy resources. Their operations contribute significantly to local economies, supporting the distribution of electricity to rural and underserved areas where reliability can often be a challenge.

Headquartered in Columbus, Ohio, Buckeye Power Inc. functions as an electric generation and transmission cooperative, dedicated to meeting the energy needs of its members. Their mission emphasizes not only the importance of affordability but also the need for reliability in power supply, which is vital for both residential and commercial activities within member communities. This focus on member benefit fosters a cooperative spirit, promoting energy solutions that prioritize community well-being and sustainability.

Through its efforts, Buckeye Power Inc. provides a public benefit by ensuring that its members can deliver necessary electrical services efficiently and effectively, ultimately enhancing the quality of life in the regions it serves.




This information is meant to be a general summary of Buckeye Power Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$832,696,275 (2023)
Expenses
$791,988,048 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,525,773
  • Program Service Revenue: $825,996,768
  • Gross Receipts: $832,696,275

Assets and Liabilities:

  • Total Assets: $1,688,219,536
  • Total Liabilities: $1,166,829,052
  • Net Assets: $521,390,484

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Utilities

Revenue

$825,996,768

Organization Details

Founding Year

1949

Principal Officer

Craig Grooms

Main Address

6677 BUSCH BLVD, COLUMBUS, OH, 432291101

NTEE Category

Code: W80 - Public benefit

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