2025-07-23T12:12:19-05:00 2024-12-31 161117932 BUFFAMANTE WHIPPLE BUTTAFARO PC 201 WEST THIRD STREET SUITE 300 JAMESTOWN NY 14701 990 2024-01-01 240548304 CLAVERACK RURAL ELECTRIC COOPERATIVE CLAV 5702652167 32750 ROUTE 6 WYSOX PA 18854 STEVEN ALLABAUGH PRESIDENT & CEO 5702652167 2025-07-23 1 0 JAMES C ALEXANDER CPA P01384001 7163721620 2024 2025-03-06 01:10:19Z STEVEN ALLABAUGH 32750 ROUTE 6 WYSOX PA 18854 55489827 0 X WWW.CLAVERACK.COM X 1936 PA PROVISION OF ELECTRICAL SERVICE IN RURAL PENNSYLVANIA. 9 5 0 0 0 0 0 0 0 0 103854 155617 29283293 31214019 29387147 31369636 0 0 1400812 1152139 958921 1065263 0 0 0 22506311 25947931 24866044 28165333 4521103 3204303 139424410 161883706 68559845 87800123 70864565 74083583 PROVISION OF ELECTRIC SERVICE IN RURAL PENNSYLVANIA. 0 0 PROVISION OF ELECTRIC SERVICE TO MEMBER/OWNERS IN RURAL PENNSYLVANIA USING THE COOPERATIVE FORM OF OWNERSHIP. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 80 0 1 0 0 0 0 0 0 0 0 0 0 50876869 1215783 0 0 0 X 9 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X JENNIFER JONES 5702652167 32750 RT 6 WYSOX PA 18854 ANTHONY J VENTELLO DIRECTOR 4.30 X 17000 0 0 CHARLES R BULLOCK DIRECTOR 1.70 X 13200 0 0 ROBERT W FEARNLEY DIRECTOR 2.80 X 14400 0 0 TIMOTHY T TEWKSBURY DIRECTOR - SECRETARY/TREASURER 3.90 X X 15800 0 0 ANGELA S JOINES DIRECTOR - VICE SECRETARY/TREASURER 3.10 X X 14600 0 0 GARY L HENNIP DIRECTOR - CHAIR 5.10 X X 16800 0 0 ROBERT R FAUX DIRECTOR 4.40 X 14600 0 0 CHARLES R MCNAMARA DIRECTOR 4.20 X 16400 0 0 DANISE C FAIRCHILD DIRECTOR - VICE CHAIR 5.00 X X 17400 0 0 STEVEN ALLABAUGH PRESIDENT AND CEO 50.00 X 271653 0 118747 JENNIFER JONES CHIEF FINANCIAL OFFICER 40.00 X 139178 0 77349 NICHOLAS BERGER SENIOR DIR. OF ENGINEERING & OPS 40.00 X 213057 0 105079 LEONARD FOWLER JOURNEYMAN LINEMAN 40.00 X 172004 0 76037 BRANDON GRIFFITHS CREW CHIEF 40.00 X 158729 0 76481 JOHN CAMBURN MANAGER OF FIELD OPERATIONS 40.00 X 173751 0 51577 ROBERT ROCKWELL JOURNEYMAN LINEMAN 40.00 X 155530 0 53602 JOHN MCKERNAN CREW CHIEF 40.00 X 167557 0 78641 1591659 0 637513 33 0 1 0 HENKELS & MCCOY INC 2268 COLLECTION CENTER DR CHICAGO IL 60693 LINE CONSTRUCTION SERVICES 7135023 ASPLUNDH CONSTRUCTION LLC 708 BLAIR MILL RD WILLOW GROVE PA 19090 MAKE READY 4506078 VANTAGE POINT SOLUTIONS 2211 N MINNESOTA STREET MITCHELL SD 57301 SYSTEM DESIGN/CONSULTING 2677137 BNF POWERLINE CONST 361 BRUMBAUGH RD ROARING SPRINGS PA 16673 LINE CONSTRUCTION SERVICES 2146546 TREE MD LLC 206 ACE LANE TUNKHANNOCK PA 18657 TREE CUTTING SERVICE 1201832 15 155617 155617 27010 27010 49648350 24120191 25528159 25528159 BROADBAND OPERATING SUPPORT 221000 3163453 3163453 G&T AND OTHER CAPITAL CREDITS 221000 1576598 1576598 EQUITY INCOME FROM AFFILIATE 221000 812122 812122 106677 106677 5658850 31369636 31080332 0 289304 1152139 1065263 3183055 5463223 DISTRIBUTION-MAINTENANC 11259235 ADMIN & GENERAL 3097654 DISTRIBUTION-OPERATIONS 1667139 SALES 780066 497559 28165333 376455 104291 1976827 2309248 101577 468737 6273136 6433573 1852143 1972057 840092 804461 179002627 64972574 93559131 114030053 60443 74838 33585988 35232434 798618 454014 139424410 161883706 7095325 7462657 56391123 75450505 5073397 4886961 68559845 87800123 X 115860 112040 0 0 70748705 73971543 70864565 74083583 139424410 161883706 X 3204303 14715 X X 0 1 X 1 0 8254761 3353839 4900922 167157695 61618735 105538960 3590171 3590171 114030053 PATRONAGE CAPITAL IN ASSOCIATED COOPERATIVES 17427770 C CAPITAL CERTIFICATES ISSUED BY NRUCFC 914973 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS 71250 C INVESTMENT IN C&T ENTERPRISES 16818441 C 35232434 ACCUMULATED POST RETIREMENT BENEFITS 2988898 DEFERRED INSTALLATION CHARGES 198100 DEFERRED COMPENSATION 313666 MEMBERSHIP ASSISTANCE FUND 1188768 DEFERRED REVENUE 197529 4886961 X 55489827 24120191 24120191 31369636 0 31369636 51133385 24120191 24120191 27013194 1152139 1152139 28165333 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM TAXES ON INCOME PURSUANT TO SECTION 501C12 OF THE INTERNAL REVENUE CODE. CONSEQUENTLY, THE FINANCIAL STATEMENTS REFLECT NO PROVISION FOR TAXES ON INCOME. INCOME TAX RETURNS THAT REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES INCLUDE 2021 AND LATER YEARS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER/SALES PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER/SALES PART XII, LINE 4B - OTHER ADJUSTMENTS: NET RETIREMENT OF CAPITAL CREDITS PART XII, LINE 4B CLAVERACK HAD A NET RETIREMENT OF $1,152,139 OF CAPITAL CREDITS TO ITS MEMBERS IN 2024. THIS AMOUNT IS INCLUDED IN BENEFITS PAID TO OR FOR MEMBERS AS INDICATED ON SCHEDULE O. X X X X 0 0 0 STEVEN ALLABAUGH PRESIDENT AND CEO 254153 0 17500 0 0 0 73650 0 45097 0 390400 0 0 0 NICHOLAS BERGER SENIOR DIR. OF ENGINEERING & OPS 198057 0 15000 0 0 0 57035 0 48044 0 318136 0 0 0 LEONARD FOWLER JOURNEYMAN LINEMAN 172004 0 0 0 0 0 30982 0 45055 0 248041 0 0 0 JOHN MCKERNAN CREW CHIEF 167557 0 0 0 0 0 33342 0 45299 0 246198 0 0 0 BRANDON GRIFFITHS CREW CHIEF 158729 0 0 0 0 0 32315 0 44166 0 235210 0 0 0 JOHN CAMBURN MANAGER OF FIELD OPERATIONS 173751 0 0 0 0 0 36939 0 14638 0 225328 0 0 0 JENNIFER JONES CHIEF FINANCIAL OFFICER 137178 0 2000 0 0 0 36647 0 40702 0 216527 0 0 0 ROBERT ROCKWELL JOURNEYMAN LINEMAN 155530 0 0 0 0 0 30894 0 22708 0 209132 0 0 0 STEVEN ALLABAUGH CO-CEO 9887000 REIMBURSE OF MAN. CONTRACT 0 GARY HENNIP DIRECTOR 9887000 REIMBURSE OF MAN. CONTRACT 0 ROBERT FAUX DIRECTOR 9887000 REIMBURSE OF MAN. CONTRACT 0 DANISE FAIRCHILD DIRECTOR- CHAIR 9887000 REIMBURSE OF MAN. CONTRACT 0 ANTHONY VENTELLO DIRECTOR- SECRETARY 9887000 REIMBURSE OF MAN. CONTRACT 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (A) NAME OF PERSONS: STEVEN ALLABAUGH; ANTHONY VENTELLO; DANISE FAIRCHILD; ROBERT FAUX; AND GARY HENNIP.(B) DESCRIPTION OF TRANSACTION; REIMBURSEMENT OF CHARGES UNDER A MANAGEMENT CONTRACT TO C&T ENTERPRISES OF WHICH STEVEN ALLABAUGH; ANTHONY VENTELLO; DANISE FAIRCHILD; ROBERT FAUX; AND GARY HENNIP ARE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 CLAVERACK RURAL ELECTRIC COOPERATIVE IS OWNED BY THOSE WHO RECEIVE ELECTRIC SERVICE FROM THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7A THE ENTIRE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP OF THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY SELL, LEASE OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF ITS ASSETS ONLY WHEN AUTHORIZED BY THE AFFIRMATIVE VOTE OF TWO THIRDS OR THE ENTIRE MEMBERSHIP OF THE COOPERATIVE. ALSO, THE BYLAWS OUTLINE THE PROCESS BY WHICH MEMBERS COULD PETITION FOR THE REMOVAL OF A BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE FORM 990 IS REVIEWED WITH THE BOARD OF DIRECTORS DURING A REGULAR BOARD MEETING. THE BOARD, UPON THEIR SATISFACTION WITH THE FORM, WILL TAKE ACTION, AUTHORIZING THE CEO TO SIGN AND FILE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY AND COMPLIANCE ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF THE CEO IS NEGOTIATED AFTER A REVIEW OF COMPARABLE POSITIONS ON A NATIONAL, REGIONAL, AND LOCAL LEVEL. VARIOUS SURVEY DATA IS USED TO INCLUDE A NATIONAL COMPENSATION SURVEY OF ELECTRIC COOPERATIVES. THE SALARY IS THEN INCLUDED AS A CONTRACTUAL ITEM IN THE CEO'S EMPLOYMENT CONTRACT. THE CONTRACT IS A THREE WAY AGREEMENT BETWEEN THE CEO, THE ORGANIZATION AND C&T ENTERPRISES, INC. A TAXABLE HOLDING COMPANY IN WHICH CLAVERACK OWNS 50%. C&T PROVIDES MANAGEMENT SERVICES WHICH INCLUDES PAYROLL AND BENEFITS FOR ALL EMPLOYEES INCLUDING THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -102,002. MEMBERSHIP REFUNDS -3,820. GAIN ON EARLY RETIREMENT OF CAPITAL CREDITS 120,007. CHANGE IN UNCLAIMED CAPITAL CREDIT 530. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR FORM 990, PART XI, LINE 9, OTHER CHANGES IN NET ASSETS: CLAVERACK RETIRED $1,152,139 OF CAPITAL CREDITS TO ITS MEMBERS IN 2024. THIS AMOUNT OF $1,152,139 IS STATED ON PART 1, LINE 14. HOWEVER ON THE AUDITED FINANCIAL STATEMENTS THIS AMOUNT IS REPORTED AS A REDUCTION TO EQUITY. ADDITIONAL 990 DISCLOSURES: CLAVERACK RURAL ELECTRIC COOPERATIVE IS A PARTY TO A MANAGEMENT SERVICES CONTRACT WITH C&T ENTERPRISES, INC. C&T ENTERPRISES IS A FOR-PROFIT HOLDING COMPANY WHICH IS OWNED BY CLAVERACK AND TRI-COUNTY RURAL ELECTRIC COOPERATIVE, INC. CLAVERACK AND TRI-COUNTY EACH OWN 50% OF THE STOCK OF C&T ENTERPRISES. UNDER THE TERMS OF THE CONTRACT, C&T ASSIGNS EMPLOYEES TO CLAVERACK AND PROVIDES ALL PAYROLL AND RELATED SERVICES. C&T ALSO ADMINISTERS THE PAYROLL AND BENEFITS OF THE CLAVERACK PRESIDENT AND CEO. CLAVERACK COMMUNICATIONS LLC 32750 ROUTE 6 WYSOX PA 18854 BROADBAND & VOIP PA 1273611 5620247 CLAVERACK RURAL ELECTRIC COOPERATIVE