Nonprofit · EIN 31-4311730
SOUTH CENTRAL POWER COMPANY
Tax-exempt · LANCASTER, OH 43130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $391,809,698 | $391,809,698 | $0 | $903,673,712 | $548,509,467 | $355,164,245 |
| December 31, 2023 | 990 | $368,883,157 | $368,883,157 | $0 | $794,658,708 | $446,838,831 | $347,819,877 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $387,345,601
- Investment income
- $745,411
- Net rental income
- $2,561
- Net gain from sales of assets
- $66,372
- Other revenue
- $3,718,686
Expenses
- Grants and similar amounts paid
- $21,200
- Benefits paid to members
- $17,328,722
- Compensation of officers, directors and key employees
- $3,078,033
- Other salaries and wages
- $17,194,500
- Salaries, compensation and benefits (total)
- $29,437,460
- Professional fundraising fees
- $0
- Depreciation
- $22,997,418
Balance sheet and other
- Total assets, start of year
- $794,658,708
- Total assets, end of year
- $903,673,712
- Total liabilities, end of year
- $548,509,467
- Net assets, end of year
- $355,164,245
- Land, buildings and equipment
- $641,568,730
- Gross unrelated business income
- $582,502
- Gross receipts
- $391,870,355
- Employees
- 304
- Volunteers
- 0
- Year formed
- 1936
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD LEMONDS | PRESIDENT/CEO Officer | 45 | $1,713,214 | $209,168 |
| THOMAS MUSICK | VP ENGINEERING/BROADBAND Key employee | 40 | $352,805 | $122,037 |
| ALLISON SAFFLE | CHIEF FINANCIAL OFFICER Officer | 45 | $309,606 | $99,320 |
| CHRISTOPHER HALL | VP OPERATIONS Key employee | 40 | $231,170 | $100,125 |
| KYLE VERRETT | VP LEGAL & RISK MANAGEMENT Key employee | 50 | $203,899 | $56,285 |
| BRYAN BARKER | SAFETY & ENVIRONMENTAL CONTROL MGR Highest-paid employee | 40 | $212,337 | $46,804 |
| THOMAS SESTITO | LINE SERVICER Highest-paid employee | 40 | $188,112 | $60,278 |
| KYLE HEAVRIN | VP MEMBER SERVICES Key employee | 40 | $186,651 | $57,338 |
| AMY PALMER | VP HUMAN RESOURCES Key employee | 40 | $158,342 | $62,040 |
| CURTIS BLASE | LINE SERVICER Highest-paid employee | 40 | $175,846 | $44,535 |
| ANTHONY FOWLER | LINE SERVICER Highest-paid employee | 40 | $184,000 | $27,969 |
| BENJAMIN JONES | LINE SERVICER Highest-paid employee | 40 | $176,927 | $22,634 |
| DON FRANK | TREASURER Trustee or director, Officer | 10 | $38,650 | $0 |
| REED BAILEY | ASST TREASURER Trustee or director, Officer | 10 | $37,100 | $0 |
| ALAN GABRIEL | ASST SECRETARY Trustee or director, Officer | 12 | $36,400 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES EVANS | TRUSTEE Trustee or director | 4 | $33,138 |
| STEPHEN JOHNSON | TRUSTEE Trustee or director | 5 | $32,638 |
| KENNETH DAVIS | CHAIRMAN Trustee or director, Officer | 10 | $31,817 |
| THOMAS LAMB | SECRETARY Trustee or director, Officer | 5 | $29,400 |
| HAROLD COOPER | VICE CHAIRMAN Trustee or director, Officer | 4 | $28,900 |
| FRANKLIN LUCAS | TRUSTEE Trustee or director | 10 | $27,900 |
| MIKE HUMMEL | ASST VICE CHAIRMAN Trustee or director, Officer | 5 | $26,900 |
| MICHAEL VINKA | TRUSTEE Trustee or director | 5 | $26,900 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICHARD LEMONDS | PRESIDENT/CEO Officer | 45 | $550,364 | $314,213 |
| THOMAS MUSICK | VP OPERATIONS/ENGINEERING Key employee | 50 | $313,137 | $143,923 |
| REBECCA WITT | CHIEF FINANCIAL OFFICER Officer | 45 | $301,202 | $112,162 |
| ALLISON SAFFLE | VP STRATEGY & SPECIAL PROJECTS Key employee | 50 | $284,457 | $97,815 |
| CHRISTOPHER HALL | SR DIRECTOR OF SAFETY & LABOR RELATIONS Key employee | 50 | $211,507 | $80,122 |
| AARON SHAMBROCK | DIRECTOR TECHNICAL SERVICES Highest-paid employee | 40 | $167,184 | $81,361 |
| JUSTIN LAPE | DIRECTOR INFORMATION TECHNOLOGY Highest-paid employee | 40 | $163,835 | $62,603 |
| KYLE VERRETT | VP LEGAL & RISK MANAGEMENT Key employee | 50 | $178,928 | $40,681 |
| CURTIS BLASE | LINE SERVICER Highest-paid employee | 40 | $175,000 | $41,711 |
| KYLE HEAVRIN | VP MEMBER SERVICES Key employee | 45 | $165,785 | $50,704 |
| THOMAS SESTITO | LINE SERVICER Highest-paid employee | 40 | $167,027 | $49,176 |
| ANTHONY FOWLER | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $187,404 | $26,036 |
| DON FRANK | TREASURER Trustee or director, Officer | 10 | $37,250 | $0 |
| ALAN GABRIEL | ASST SECRETARY Trustee or director, Officer | 12 | $36,100 | $0 |
| JAMES EVANS | TRUSTEE Trustee or director | 4 | $31,158 | $0 |
| STEPHEN JOHNSON | TRUSTEE Trustee or director | 5 | $31,158 | $0 |
| REED BAILEY | ASST TREASURER Trustee or director, Officer | 10 | $30,400 | $0 |
| KENNETH DAVIS | CHAIRMAN Trustee or director, Officer | 10 | $28,900 | $0 |
| THOMAS LAMB | SECRETARY Trustee or director, Officer | 5 | $28,900 | $0 |
| FRANKLIN LUCAS | TRUSTEE Trustee or director | 10 | $27,900 | $0 |
| HAROLD COOPER | VICE CHAIRMAN Trustee or director, Officer | 4 | $27,400 | $0 |
| MIKE HUMMEL | ASST VICE CHAIRMAN Trustee or director, Officer | 6 | $26,900 | $0 |
| MICHAEL VINKA | TRUSTEE Trustee or director | 5 | $26,900 | $0 |
Address and contacts
- Address (IRS master file)
- 720 MILL PARK DR, LANCASTER, OH 43130-7933
- In care of
- % MARK MCCRADY DIRECTOR OF ACCTING
- Principal officer (990 for 2024)
- RICHARD LEMONDS, 720 MILL PARK DRIVE, LANCASTER, OH 43130
- Signed the 990
- RICHARD LEMONDS, PRESIDENT/CEO
- Phone
- (800) 282-5064
- Website
- WWW.SOUTHCENTRALPOWER.COM
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
SOUTH CENTRAL POWER COMPANY EXISTS TO ADD VALUE TO THE LIVES OF OUR MEMBERS BY DELIVERING SAFE AND DEPENDABLE SERVICE.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 127,851 ACTIVE SERVICES AT YEAR END.
- SECURITY DIVISION:PROVIDING SECURITY SERVICES TO OUR MEMBERS ON A COOPERATIVE BASIS. WHEN CUMULATIVE MARGINS DERIVED FROM MEMBER SUBSCRIBER SALES OF SECURITY SERVICES EXCEED CUMULATIVE NET LOSSES FROM SUCH SALES, THE COOPERATIVE WILL ALLOCATE PATRONAGE CAPITAL TO THE MEMBER SUBSCRIBERS. THERE WERE 1,676 ACTIVE SUBSCRIBERS AT YEAR END.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-4311730
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1937
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $903,673,712
- Income (IRS master file)
- $391,870,355
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $391,809,698 | $391,809,698 | $903,673,712 | IRS |
| 990 | December 2023 | $368,883,157 | $368,883,157 | $794,658,708 | XML |
| 990 | December 2022 | $369,451,843 | $369,451,843 | $740,696,134 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-4311730).
Questions about SOUTH CENTRAL POWER COMPANY
- What is the EIN of SOUTH CENTRAL POWER COMPANY?
- The employer identification number (EIN) of SOUTH CENTRAL POWER COMPANY is 31-4311730.
- Is SOUTH CENTRAL POWER COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1937.
- Are donations to SOUTH CENTRAL POWER COMPANY tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTH CENTRAL POWER COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTH CENTRAL POWER COMPANY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTH CENTRAL POWER COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTH CENTRAL POWER COMPANY?
- The 990 for the year ended December 31, 2024 names RICHARD LEMONDS.
- Who are the officers and directors of SOUTH CENTRAL POWER COMPANY?
- The 990 for the year ended December 31, 2024 lists 23 people; 23 received compensation from the organization, the highest $1,713,214 (RICHARD LEMONDS, PRESIDENT/CEO).
- How much revenue does SOUTH CENTRAL POWER COMPANY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $391,809,698, expenses of $391,809,698 and total assets of $903,673,712 at year end.
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