2024-11-12T17:01:16-06:00 2023-12-31 341310124 REA & ASSOCIATES INC 212 N WASHINGTON STREET MILLERSBURG OH 44654 990 2023-01-01 344291370 LOGAN COUNTY COOPERATIVE POWER AND LIGHT ASSOCIATION INC LOGA 9375924781 1587 COUNTY ROAD 32 N BELLEFONTAINE OH 433119323 TIMOTHY STREET CEO/PRESIDENT 9375924781 2024-11-12 1 1 CHRIS ROUSH CPA P00100273 3306746055 2024-11-12 2023 2024-10-15 13:58:12Z TIMOTHY STREET 1587 COUNTY ROAD 32 N BELLEFONTAINE OH 433119323 21806855 0 X WWW.LOGANCOUNTY.COOP X 1936 OH WORKING FROM OUR HEADQUARTERS NEAR BELLEFONTAINE, OH , LOGAN COUNTY ELECTRIC COOPERATIVE PROVIDES ELECTRIC ENERGY TO MORE THAN 4,800 HOMES AND BUSINESSES IN LOGAN, HARDIN, AND SHELBY COUNTIES. 7 7 24 0 0 0 0 0 0 0 85657 29130 6661118 7071116 6746775 7100246 3525 6945 1254664 1239236 2319598 2481541 0 0 0 3168988 3372524 6746775 7100246 0 0 43538543 44299894 20836596 20693244 22701947 23606650 RURAL ELECTRIC PROVIDER. 0 0 OUR LARGEST PROGRAM SERVICE ACCOMPLISHMENT WAS THE DISTRIBUTION OF ELECTRICITY TO THE RURAL AREAS INCLUDING THE PROVISION OF ELECTRICITY TO APPROXIMATELY 3,963 MEMBERS OVER 690 MILES OF ENERGIZED LINES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 35 0 1 24 1 0 0 0 0 0 20927436 879418 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X X TIMOTHY STREET 9375924781 1587 CR 32 N BELLEFONTAINE OH 43311 WARREN TAYLOR TRUSTEE 7.00 X 9675 0 0 SCOTT HALL CHAIRMAN/ TRUSTEE 10.00 X X 12925 0 0 JERRY CLINE TRUSTEE 2.00 X 9350 0 0 JERRY P FRY 2ND VICE-CHAIRMAN/ TRUSTEE 4.00 X X 9125 0 0 JAMES JIM RICE TRUSTEE 2.00 X 10400 0 0 JANET BLANK 1ST VICE-CHAIRMAN/TRUSTEE 10.00 X X 11400 0 0 DAVID CAMPBELL SECRETARY/TREASURER 6.00 X X 9925 0 0 TIMOTHY STREET PRESIDENT/ CEO 40.00 X 177132 0 76937 RYAN M SMITH VP OF OPERATIONS 40.00 X 148357 0 66143 TIFFANY STONER VP OF FINANCE AND ADMINISTRATION 40.00 X 137153 0 65730 SCOTT ROACH DIRECTOR OF ENGINEERING 40.00 X 119117 0 59946 DANIEL ASHCRAFT DIRECTOR OF OPERATIONS 40.00 X 124396 0 61635 MICHAEL HICKENBOTTOM JOURNEYMAN LINEMAN 40.00 X 102480 0 47683 DAVID SALMONS JOURNEYMAN LINEMAN 40.00 X 107755 0 47683 MASON SHOEMAKER JOURNEYMAN LINEMAN 40.00 X 103257 0 54445 ARIC STOVER JOURNEYMAN LINEMAN 40.00 X 101076 0 54688 TODD WHITE JOURNEYMAN LINEMAN 40.00 X 107341 0 47683 MICHAEL MOOSE JOURNEYMAN LINEMAN 40.00 X 106400 0 47659 AARON NEWLAND JOURNEYMAN LINEMAN 40.00 X 103613 0 54669 1510877 0 684901 12 0 1 0 0 17730 17730 78409 0 78409 78409 78409 11400 0 11400 11400 11400 20927436 14706609 6220827 6220827 GENERATION & TRANSMISSION COOP C 221000 744103 744103 OTHER CAPITAL CREDITS 221000 27777 27777 771880 7100246 6299236 0 801010 6945 1239236 744251 1026560 313047 26246 371437 8729 29700 163014 212980 19501 198 135887 57558 699208 1374441 KWH TAX EXPENSE 395783 DUES AND SUBSCRIPTIONS 139553 MISC GENERAL EXPENSE 124361 NONOPERATING EXPENSE 11611 7100246 327490 104593 2040118 2035735 282433 424227 23955 19547 42058197 12674045 28549831 29384152 9722628 9925755 292871 282001 2299217 2123884 43538543 44299894 2863691 2902879 17442730 17339638 530175 450727 20836596 20693244 X 22701947 23606650 0 0 0 0 22701947 23606650 43538543 44299894 X 0 904703 X X 0 1 X 1 0 318827 318827 3925462 1695700 2229762 4392962 785792 3607170 33420946 10192553 23228393 29384152 INVESTMENT BUCKEYE POWER 9266704 C INVESTMENT CFC MCS 7.5% 399627 C INVESTMENT - CRC 5898 C INVESTMENT - NRTC 2483 C INVESTMENT COBANK 251043 C 9925755 10533 LEASE OBLIGATIONS 440194 450727 X 21806855 14706609 14706609 7100246 0 7100246 20567619 14706609 14706609 5861010 1239236 1239236 7100246 PART X, LINE 2: "INCOME TAXES AS THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAXES, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN MADE. AN INFORMATIONAL TAX RETURN, FORM 990, IS PREPARED AND FILED EACH YEAR WITH INTERNAL REVENUE SERVICE. THE COOPERATIVE PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE, RESPECTIVELY, THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAX BENEFITS. INTEREST AND PENALTIES WOULD BE RECORDED AS OPERATING EXPENSES WHEN THEY ARE INCURRED." PART XI, LINE 2D - OTHER ADJUSTMENTS: POWER & MERCHANDISE PURCHASES-REPORTABLE ON PART VIII, LINE 10B. 14,706,609. PART XII, LINE 2D - OTHER ADJUSTMENTS: POWER & MERCHANDISE PURCHASES-REPORTABLE ON PART VIII, LINE 10B. 14,706,609. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE DIVIDENDS ALLOCATED FOR CURRENT TAX YEAR 1,239,236. X X 0 0 0 TIMOTHY STREET PRESIDENT/ CEO 177132 0 0 0 0 0 46918 0 30019 0 254069 0 0 0 RYAN M SMITH VP OF OPERATIONS 148357 0 0 0 0 0 36458 0 29685 0 214500 0 0 0 TIFFANY STONER VP OF FINANCE AND ADMINISTRATION 137153 0 0 0 0 0 36194 0 29536 0 202883 0 0 0 DANIEL ASHCRAFT DIRECTOR OF OPERATIONS 124396 0 0 0 0 0 32907 0 28728 0 186031 0 0 0 SCOTT ROACH DIRECTOR OF ENGINEERING 119117 0 0 0 0 0 31292 0 28654 0 179063 0 0 0 AARON NEWLAND JOURNEYMAN LINEMAN 103613 0 0 0 0 0 25617 0 29052 0 158282 0 0 0 MASON SHOEMAKER JOURNEYMAN LINEMAN 103257 0 0 0 0 0 25636 0 28809 0 157702 0 0 0 ARIC STOVER JOURNEYMAN LINEMAN 101076 0 0 0 0 0 25636 0 29052 0 155764 0 0 0 DAVID SALMONS JOURNEYMAN LINEMAN 107755 0 0 0 0 0 25641 0 22042 0 155438 0 0 0 TODD WHITE JOURNEYMAN LINEMAN 107341 0 0 0 0 0 25641 0 22042 0 155024 0 0 0 MICHAEL MOOSE JOURNEYMAN LINEMAN 106400 0 0 0 0 0 25617 0 22042 0 154059 0 0 0 MICHAEL HICKENBOTTOM JOURNEYMAN LINEMAN 102480 0 0 0 0 0 25641 0 22042 0 150163 0 0 0 PART I, LINE 3 AS PART OF THE ANNUAL BUDGET PROCESS, NRECA PREPARES AN INDUSTRY WAGE/SALARY STUDY. THIS IS REVIEWED BY MANAGEMENT AND THE GOVERNING BODY PRIOR TO THE FINAL BUDGET BEING APPROVED AND BEFORE ANY PROPOSED WAGE ADJUSTMENTS. THIS PROCESS APPLIES TO TOP MANAGEMENT OFFICIALS, OTHER OFFICERS, AND EMPLOYEES. FORM 990, PART VI, SECTION A, LINE 6 AS AN ELECTRIC COOPERATIVE, ANYONE HAVING AN ACTIVE ACCOUNT IN GOOD STANDING IS A MEMBER/ OWNER. FORM 990, PART VI, SECTION A, LINE 7A WHEN A MEMBER OF THE GOVERNING BODY'S TERM IS EXPIRING, A DEMOCRATIC PROCESS OF NOMINATING AND VOTING TAKES PLACE PRIOR TO THE ANNUAL MEETING. THE WINNER IS ANNOUNCED AND SWORN IN AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B ANY PROPOSED / REQUIRED CHANGES TO THE CO-OP CODE OF REGULATIONS ARE ALSO PUT BEFORE THE MEMBERS IN A SIMILAR DEMOCRATIC ELECTION PROCESS. FORM 990, PART VI, SECTION B, LINE 11B IT WILL BE PRESENTED 2 WEEKS AFTER IT IS SUBMITTED DUE TO THE TIMING OF THE DUE DATE AND THE BOARD MEETING SCHEDULE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE DISCUSSED IN BOARD MEETINGS AND WE HAVE THEM FILL OUT AN INDEPENDENCE QUESTIONNAIRE YEARLY THAT ASKS QUESTIONS TO PROMPT THIS TYPE OF THINKING. OUR BOARD POLICY #404 ETHICS AND CONFLICTS OF INTEREST, IS REVIEWED PERIODICALLY TO KEEP THIS ON THE FOREFRONT OF THE BOARD MEMBERS' MINDS. FORM 990, PART VI, SECTION B, LINE 15 AS PART OF THE ANNUAL BUDGET PROCESS, MANAGMENT CONSULTS THE NRECA WAGE SALARY REPORTS TO DETERMINE ANNUAL COMPENSATION. THIS IS REVIEWED BY MANAGEMENT AND THE GOVERNING BODY PRIOR TO THE FINAL BUDGET BEING APPROVED AND BEFORE ANY PROPOSED WAGE ADJUSTMENTS. THIS PROCESS APPLIES TO TOP MANAGEMENT OFFICIALS, OTHER OFFICERS, AND EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AND STATEMENTS CAN BE MADE AVAILABLE TO THE PUBLIC IF REQUESTED ACCORDING TO FEDERAL INSTRUCTIONS. INFORMATION IS TYPICALLY AVAILABLE TO MEMBERS OF THE CO-OP WITHIN SEVEN BUSINESS DAYS. FORM 990, PART XI, LINE 9: REALLOCATION OF UNCLAIMED CAPITAL C 44,234. UNCLAIMED RETIRED CAPITAL CREDITS -429,942. CHANGE IN RETIRED CAPITAL CREDITS- 51,175. C.Y. PATRONAGE DIVIDENDS ALLOC. 1,239,236. FORM 990, PART XII, LINE 2C IT IS THE RESPONSIBILITY OF THE GOVERNING BODY OFFICERS AND DIRECTORS TO OVERSEE ANY AUDITS, REVIEWS, OR COMPILATIONS OF FINANCIAL STATMENTS AND TO SELECT AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS SELECTED AN ACCOUNTING FIRM TO PREPARE ITS ANNUAL FINANCIAL STATEMENT AND ALSO FORM 990. FORM 990, PART XI, LINE 9 ELECTRIC CO-OOPS ARE REQUIRED TO SHOW NET MARGINS AS AN EXPENSE TO BE DISTRIBUTED TO ITS MEMBERS. SINCE NET MARGINS ARE NOT DISTRIBUTED UNTIL THE SUBSEQUENT REPORTING YEAR, ALL CO-OPS MUST SHOW THIS AS AN ADJUSTMENT ON FORM 990, PART XI, LINE 9 . QMS INC 1587 CR 32 N BELLEFONTAINE OH 43311 270034033 INACTIVE, HVAC CONTRACTOR OH