Buckeye Rural Electric Co-Op Inc

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

EIN: 314137520 ✦ Rio grande, OH ✦ Designated as a 501(c)(12)

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Overview

What is Buckeye Rural Electric Co-Op Inc?

Buckeye Rural Electric Co-Op Inc is a member-owned utility based in Rio Grande, Ohio, serving over 14,500 members across nine counties in southern Ohio. With roots dating back to the mid-1930s, this locally managed and democratically-controlled cooperative provides essential electric services to its community. The cooperative's mission remains dedicated to maintaining a strong connection to its members through a monthly publication called Ohio Cooperative Living. With a team of 58 employees, Buckeye Rural Electric Co-Op Inc continues to be an integral part of the region, fostering a commitment to local development and powering the lives of its members.


Official website here: www.buckeyerec.com

Is Buckeye Rural Electric Co-Op Inc legitimate?

Buckeye Rural Electric Co-Op Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Buckeye Rural Electric Co-Op 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: $588,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,329,859

For more financial information, click here


Official website here: www.buckeyerec.com

What is the mission statement of Buckeye Rural Electric Co-Op Inc?

The Buckeye Rural Electric Co-Op Inc is a member-owned utility with democratic control and local management, serving electricity to over 14,500 members across nine counties in Ohio. With roots dating back to the mid-1930s, the cooperative is deeply ingrained in the community and committed to providing essential electric services. The mission of Buckeye Rural Electric Co-Op Inc is to deliver electricity to its members in a democratic and locally managed manner, ensuring reliable access to power in the nine Ohio counties it serves. The organization's commitment extends beyond electricity, as it strives to be an integral part of its community.


Official website here: www.buckeyerec.com

Who is the CEO of Buckeye Rural Electric Co-Op Inc?

Paul Berridge is the President of Buckeye Rural Electric Co-Op Inc.


Official website here: www.buckeyerec.com

What is the revenue of Buckeye Rural Electric Co-Op Inc?

Buckeye Rural Electric Co-Op Inc's revenue in 2022 was $45,001,606.


Official website here: www.buckeyerec.com

Who are the executives of Buckeye Rural Electric Co-Op Inc and what are their salaries?

The average compensation at Buckeye Rural Electric Co-Op Inc during 2022 was $67,558. There are 58 employees at Buckeye Rural Electric Co-Op Inc.


Here are 20 key members and their salaries:


Tonda Meadows (Evp.Gm)
  • Compensation: $192,728
  • Related: $0
  • Other: $75,905
Kent Eldridge (Vp Member Se)
  • Compensation: $116,346
  • Related: $0
  • Other: $63,605
Todd Alford (Lineman)
  • Compensation: $129,138
  • Related: $0
  • Other: $50,281
James Walker (Lineman)
  • Compensation: $120,383
  • Related: $0
  • Other: $51,861
Timothy Tucker (Lineman)
  • Compensation: $126,498
  • Related: $0
  • Other: $45,219
James Stapleton (Lineman)
  • Compensation: $133,390
  • Related: $0
  • Other: $36,982
Cody Walter (Lineman)
  • Compensation: $112,027
  • Related: $0
  • Other: $51,297
Justin Evans (Cfo)
  • Compensation: $108,737
  • Related: $0
  • Other: $24,780
Kenneth Mollohan (Vp Operation)
  • Compensation: $74,276
  • Related: $0
  • Other: $33,863
Paul Berridge (President)
  • Compensation: $17,000
  • Related: $0
  • Other: $0
William H Holcomb (Sect/Treas)
  • Compensation: $16,250
  • Related: $0
  • Other: $0
J Wesley Williams (Trustee)
  • Compensation: $15,550
  • Related: $0
  • Other: $0
Dennis Blakeman (Trustee)
  • Compensation: $13,600
  • Related: $0
  • Other: $0
James M Herrell (Trustee)
  • Compensation: $7,800
  • Related: $0
  • Other: $0
Ronald Hatfield (Trustee)
  • Compensation: $7,600
  • Related: $0
  • Other: $0
Jodie Penrod (Trustee)
  • Compensation: $7,600
  • Related: $0
  • Other: $0
Nanette Gill (Trustee)
  • Compensation: $4,000
  • Related: $0
  • Other: $0
Daniel Newsome (Trustee)
  • Compensation: $4,000
  • Related: $0
  • Other: $0
Roy D Sprague (Trustee)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Tiimothy Stephen Massie (Trustee)
  • Compensation: $1,200
  • Related: $0
  • Other: $0


Official website here: www.buckeyerec.com

Where can I find the form 990 for Buckeye Rural Electric Co-Op Inc?

Buckeye Rural Electric Co-Op Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.buckeyerec.com

Learn more at the official website: www.buckeyerec.com

Mission Statement of Buckeye Rural Electric Co-Op Inc

Buckeye Rural Electric Co-Op Inc, a member-owned utility with democratic control, has been serving the electric needs of communities in nine counties of southern Ohio since the mid-1930s. This cooperative, deeply rooted in local management, prides itself on its mission to provide reliable electric service to its members. With a membership base of over 14,500 households, Buckeye Rural Electric Co-Op Inc plays an integral role in the regions it serves. The cooperative's commitment to its community is reflected in its monthly publication, Ohio Cooperative Living. Buckeye Rural Electric Co-Op Inc is more than just a utility; it is a pillar of the communities it serves, dedicated to ensuring that every household in its jurisdiction has access to the essential electric service they need to thrive. By maintaining a member-owned, locally-controlled structure, the cooperative fosters a strong sense of community and empowers its members to have a voice in the organization's decision-making process.

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Impact




October, 2024

Buckeye Rural Electric Co-Op Inc plays a vital role in providing reliable electric service to its members across nine counties in southern Ohio. Serving 14,541 members, the cooperative has established itself as an essential utility rooted in the community since the mid-1930s. As a member-owned and locally managed entity, it fosters a sense of ownership and participation among its members, ensuring that their voices are heard in the decision-making process.

The cooperative contributes significantly to the local economy and community development by ensuring access to essential electrical services. In addition, it actively engages its members through a monthly publication, "Ohio Cooperative Living," which keeps them informed about energy-saving programs, community events, and initiatives that enhance quality of life. This local focus not only improves residents’ daily lives but also strengthens the bond between the cooperative and the communities it serves.

Buckeye Rural Electric Co-Op Inc's commitment to its mission enhances the sustainability and resilience of the region, making it an integral part of the Southern Ohio landscape. The cooperative's democratic governance model empowers its members, allowing them to participate actively in shaping the future of their energy services. Thus, the cooperative not only meets the immediate needs for electric service but also contributes to long-term community well-being and development.




This information is meant to be a general summary of Buckeye Rural Electric Co-Op 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
$45,001,606 (2022)
Expenses
$45,001,606 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $42,596
  • Program Service Revenue: $43,551,308
  • Gross Receipts: $45,001,803

Assets and Liabilities:

  • Total Assets: $134,271,521
  • Total Liabilities: $88,503,110
  • Net Assets: $45,768,411

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Programs

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

ELECTRIC SALES

Revenue

$41,869,917

OTHER ELECTRIC REVENUE

Revenue

$1,108,551

ELECTRIC PROPERTY

Revenue

$572,840

Organization Details

Founding Year

1937

Principal Officer

Paul Berridge

Main Address

4848 STATE ROUTE 325 SOUTH, RIO GRANDE, OH, 45674

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