2024-11-08T02:12:20-05:00 2023-12-31 990 2023-01-01 314112933 Adams Rural Electric Cooperative Inc % Erika J Ackley ADAM 9375442305 PO Box 247 4800 State Route 125 West Union OH 45693 Erika Ackley General Manager 2024-11-08 2023 2024-10-15 13:58:12Z Erika J Ackley PO Box 247 4800 State Route 125 West Union OH 45693 18297373 false X www.adamsrec.com X 1940 OH The cooperatives mission is to provide electric service to our members at the lowest possible cost. 9 6 25 0 0 0 0 0 18156416 18270550 17848 26823 0 0 18174264 18297373 0 0 1775027 1054760 2062639 2107852 0 0 0 13295619 13896702 17133285 17059314 1040979 1238059 40215712 40601363 18299949 18273295 21915763 22328068 The cooperatives mission is to provide electric service to our members at the lowest possible cost. false false 17059314 0 18297373 Sale of electric to the rural area in five counties in southern Ohio 0 0 0 0 0 0 0 0 0 17059314 false false false false false false false false false true false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 41 0 25 true false false false false false 17378684 542443 false false false 9 6 false false false false true true true true true false false true true true true true true true true false X Erika Ackley 9375442305 4800 State Route 125 PO Box 247 West Union OH 45693 Donald McCarty President 4.93 0.00 X X 8245 0 6 Charles Newman Vice President 5.88 0.00 X X 9650 0 6 Kenneth McCann Secretary and Treasurer 4.29 0.00 X X 11145 0 6 David Abbott Trustee 1.88 0.00 X 4800 0 6 Blanchard Campbell Trustee 4.39 0.00 X 9600 0 3 Milton Dale Grooms Trustee 1.51 0.00 X 4500 0 2 Stephen Huff Trustee 4.86 0.00 X 9895 0 6 William Seaman Trustee 3.36 0.00 X 8770 0 4 William Wylie Trustee 1.50 0.00 X 4500 0 6 Erika Ackley General Manager 48.61 0.00 X 178283 0 67662 Steve Hoop Manager of Operations 43.50 0.00 X 119036 0 99883 David Henry Foreman 46.85 0.00 X 115017 0 51430 Michael Whitley Foreman 46.30 0.00 X 111068 0 47065 Brian Alexander Lineman 46.08 0.00 X 109184 0 29463 Zachary Rowe Lineman 45.71 0.00 X 108277 0 19554 811970 0 315102 9 false true false A1 Tree Care Inc 5559 State Route 73 Hillsboro OH 45133 right of way clearing 309835 1 0 0 0 0 0 0 0 0 Electric Sales 221000 17378684 17378684 0 0 Pole Rental 221000 221877 221877 0 0 Patronage Capital Credits 221000 669989 669989 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18270550 26823 0 0 26823 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18297373 18270550 0 26823 0 0 0 0 0 0 1054760 0 1127072 0 0 0 0 0 0 0 497972 0 0 0 0 0 0 0 482808 0 0 0 0 0 0 0 0 0 0 0 7613 0 0 0 13000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42868 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 701300 0 0 0 0 0 0 0 1421297 0 0 0 0 0 0 0 Cost of Purchased Power 10198239 0 0 0 Kilowatt Hour Consumption Tax 498883 0 0 0 Operations, Maintenance, and Billing 1013502 0 0 0 0 0 0 0 0 0 0 0 17059314 0 0 0 0 0 0 0 154322 319436 291001 471011 0 0 1636797 1724514 0 0 0 0 0 0 464172 573495 56307 138023 46630029 18069115 28819316 28560914 0 0 0 0 8287201 8406478 0 0 506596 407492 40215712 40601363 2577524 2729491 0 0 0 0 0 0 0 0 0 0 15722425 15543804 0 0 0 0 18299949 18273295 X 90665 90830 0 0 21825098 22237238 21915763 22328068 40215712 40601363 X 1238059 0 0 0 0 -825754 X false true X false false 43638 43638 827979 785805 42174 45648600 17230731 28417869 109812 52579 57233 28560914 Buckeye Power Inc Membership Patronage 6942338 C Buckeye Power Inc Capital Contribution 263706 C NRUCFC Capital Term Certificates 361635 C NRUCFC Membership Patronage 356044 C Federated Insurance Membership Patronage 132654 C CoBank Membership Patronage 175011 C UUS Membership Patronage 87877 C Heartland Emergency Equipment Investment 32237 C NISC & CRC Membership Patronage and Farm Bureau Stock 54976 C 8406478 false false false Erika Ackley General Manager 178283 0 0 0 0 0 0 0 0 0 178283 0 0 0 Part VI, Line 6 Adams Rural Electric Cooperative Inc. is an electric cooperative that is owned by its membership. Every member pays a membership fee to join the cooperative and to obtain electric service. The fee is returned when service is disconnected. Members have voting rights to elect the board of trustees and to make changes to the bylaws. At the end of 2023 Adams Rural Electric Cooperative Inc. had 6,092 members. Part VI, Line 7a Adams Rural Electric Cooperative Inc. has a nine member board of trustees which each represent a district within the cooperatives service territory. Board members serve a three year term. Annually a nominating committee of members nominate at least two members to run for the current board seats up for re-election in each district. Members receive a mail-in ballot to vote to determine who will fill the board seat. The election is held by an accounting firm prior to the annual meeting of membership and the results are announced at the meeting. Part VI, Line 7b The annual meeting of membership is held annually to approved changes to the bylaws which require a vote of the membership. Members receive a mail-in ballot to vote on any proposed changes. The election is held by an accounting firm prior to the annual meeting of membership and the results are announced at the meeting. The board of trustees has full authority to approve any other matter during a monthly board meeting. Part VI, Line 11b The 2023 Form 990 was prepared and reviewed by the general manager who was currently continuing her previous duties as manager of finance. The board of trustees received a copy of the Form 990 at the November 7 2024 board meeting. The general manager reviewed the Form 990 with the board at the meeting and answered all questions that were asked. Part VI, Line 12c Annually all employees and board of trustee members are required to fill out the Conflict of Interest Disclosure Form as to any possible conflicts of interest that may exist. These forms are reviewed by the general manager. If a potential conflict exists the general manager will provide the form to the president of the board of trustees who will distribute to the remaining board of trustee members. If it is determined that a conflict does exist the employee or board of trustee is given thirty days to comply with policy to avoid being sanctioned terminated or removed. Part VI, Line 15 The cooperative used the National Rural Electric Cooperative Associations National Compensation Survey to review and approve the salaries of all officers. The survey provides data by job classification based on state regional and national averages. The review is conducted on an annual basis. The board of trustees approves the general managers salary. Part VI, Line 19 A copy of the bylaws is given to each member at the time of joining the cooperative. The financial statements are presented in the annual report which is included in the Ohio Cooperative Living magazine prior to the annual meeting of membership which is circulated to all members. Part XI, Line 9 | Description:, Explanation:, Amount:| The other changes in net assets or funds balance is the allocation of 2022 margins retirement of patronage capital to estates and a general retirement and changes in membership other equity and non-operating margins., Patronage Capital, $-825754|