2023-07-28T07:44:21-07:00 2022-12-31 990 2022-01-01 344215670 DARKE RURAL ELECTRIC COOPERATIVE INC DARK 9375484114 PO BOX 278 GREENVILLE OH 45331 TED HOLSAPPLE CEO 9375484114 2023-07-28 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z TED HOLSAPPLE PO BOX 278 GREENVILLE OH 453310278 18112710 0 X WWW.DARKEREC.COM X 1936 OH DARKE RURAL ELECTRIC COOPERATIVE, INC. IS AN ELECTRIC COOPERATIVE, PROVIDING ELECTRIC SERVICE TO OVER 4,370 MEMBERS IN DARKE, PREBLE AND MERCER COUNTIES IN OHIO. 7 7 21 0 0 0 0 0 15950990 17505966 15722 17276 468425 589468 16435137 18112710 6000 6000 731943 621822 2688094 2504637 0 0 0 13009100 14980251 16435137 18112710 0 0 41219507 42662050 24469921 24051740 16749586 18610310 TO PROVIDE SAFE, AFFORDABLE AND RELIABLE ELECTRIC TO THE RURAL AREAS OF DARKE, PREBLE AND MERCER COUNTIES IN OHIO. 0 0 18112710 TO PROVIDE SAFE, AFFORDABLE AND RELIABLE ELECTRIC TO THE RURAL AREAS OF DARKE AND PREBLE COUNTIES IN OHIO 0 0 0 18112710 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 21 1 0 0 0 0 0 17498986 613724 0 0 0 X 7 7 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X BRAD R FLORA 9375484114 PO BOX 278 GREENVILLE OH 45331 TIM WOMBOLD LINEMAN 44.4 0 X 110801 0 149265 JOHN BLINN LINE FOREMAN 47.5 0 X 132869 0 88261 TED HOLSAPPLE CEO 46.5 0 X 161536 0 34811 NILES SWANK DIRECTOR OF OPERATIONS 42 0 X 124666 0 61240 BRAD FLORA CFO 44.6 0 X 122184 0 43174 MICHAEL FENSTERMAKER LINEMAN 45.5 0 X 110458 0 49064 TYLER GOETTEMOELLER LINEMAN 45.3 0 X 113878 0 30900 TOD CARROLL VICE PRESIDENT BOARD OF TRUSTEES 5 0 X X 9125 0 0 DAVID COONS TRUSTEE 4 0 X 8375 0 0 MICHELLE MARKER SECRETARY & TREASURER BOARD OF TRUSTEES 2.5 0 X X 7720 0 0 MATT WEBSTER PRESIDENT BOARD OF TRUSTEES 4 0 X X 6795 0 0 STEPHEN VANZANT TRUSTEE 3 0 X 5100 0 0 ROBERT GODOWN TRUSTEE 3 0 X 4425 0 0 AARON SIEFRING TRUSTEE 1.2 0 X 4200 0 0 ERIC LAUX TRUSTEE 1.2 0 X 1200 0 0 923332 0 456715 9 0 1 0 FITZWATER TREE & LAWN CARE 4617 JAYSVILLE-ST JOHNS RD GREENVILLE OH 45331 TREE TRIMMING 447550 DAVIS H ELLIOT 673 BLUE SKY PARKWAY BALTIMORE MD 21297 LINE CONSTRUCTION 167316 2 0 SALE OF ELECTRICITY 221000 17505966 17505966 0 0 0 0 0 0 17505966 17276 17276 0 0 0 0 0 0 0 0 0 0 33559 0 0 0 33559 0 33559 33559 0 0 0 0 PATRONAGE CAPITAL 221000 556390 556390 0 0 -481 -481 0 0 555909 18112710 18112710 0 0 X 6000 6000 621822 621822 923332 923332 0 0 0 0 0 0 882432 882432 0 0 230125 230125 0 0 194518 194518 0 0 274230 274230 0 0 0 0 0 0 1200 1200 0 0 24236 24236 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 60400 60400 0 0 220613 220613 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 619430 619430 0 0 0 0 0 0 1106014 1106014 0 0 0 0 0 0 PURCHASED POWER 10873491 10873491 0 0 KWH CONSUMPTION TAX 555958 555958 0 0 OPERATING AND MAINTENANCE EXPENSE 1013902 1013902 0 0 505007 505007 0 0 18112710 18112710 0 0 10000 10000 456951 680689 0 0 1165183 1336572 0 0 0 0 0 0 421017 564788 99264 107156 40776361 9380619 30541764 31395742 0 0 0 0 7791417 7770376 0 0 733911 796727 41219507 42662050 5184546 2129954 0 0 0 0 0 0 0 0 0 0 19285375 21921786 0 0 24469921 24051740 X 43760 43820 0 0 16705826 18566490 16749586 18610310 41219507 42662050 X 0 0 0 0 0 1860724 X 1 X 1 X 1 0 163072 0 163072 1993280 0 428289 1564991 0 0 0 0 2584683 0 1587016 997667 36035326 0 7365314 28670012 31395742 PATRONAGE CAPITAL - BUCKEYE POWER 6521562 C INVESTMENT - NRUCFC 290240 C INVESTMENTS IN OTHER ASSOCIATIONS 75331 C PATRONAGE CAPITAL - OTHER 247484 C OTHER INVESTMENTS 635759 C 7770376 1 SCHOLARSHIPS 5 6000 Schedule I, Part I, Line 2 HIGH SCHOOL SENIORS OF OUR CONSUMER/MEMBERS FILL OUT A PROVIDED APPLICATION TO APPLY FOR THE SCHOLARSHIP. APPLICANTS ARE THEN REVIEWED BY A COMMITTEE OF TWO HIGH SCHOOL PRINCIPALS AND AN INDUSTRY EXPERT. CHECKS ARE MADE OUT DIRECTLY TO THE AWARDED RECIPIENTS. Schedule I, Part III SEE SCHEDULE I, PART IV, STATEMENT 1 X X 0 0 0 TED HOLSAPPLE CEO 154133 0 203 0 7200 0 31405 0 3405 0 196346 0 0 0 BRAD FLORA CFO 112639 0 217 0 9328 0 39714 0 3460 0 165358 0 0 0 NILES SWANK DIRECTOR OF OPERATIONS 115121 0 217 0 9328 0 57780 0 3460 0 185906 0 0 0 JOHN BLINN LINE FOREMAN 123744 0 217 0 8908 0 85649 0 2612 0 221130 0 0 0 TIM WOMBOLD LINEMAN 101794 0 217 0 8790 0 147227 0 2039 0 260067 0 0 0 MICHAEL FENSTERMAKER LINEMAN 110241 0 217 0 0 0 35617 0 13446 0 159521 0 0 0 Form 990, Part VI, Section A, Line 6 DARKE RURAL ELECTRIC IS OWNED BY ITS MEMBERS WHO RECEIVE ELECTRIC DISTRIBUTION FROM THE COOPERATIVE. Form 990, Part VI, Section A, Line 7a EACH PERSON ON THE BOARD OF TRUSTEES IS ELECTED BY THE MEMBERSHIP, EITHER TWO OR THREE POSITIONS ARE UP FOR ELECTION EACH YEAR AT THE COOPERATIVE'S ANNUAL MEETING. EACH MEMBER IS ENTITLED TO ONE VOTE. Form 990, Part VI, Section A, Line 8b THE ENTIRE BOARD OF TRUSTEES ACTS AS A FULL COMMITTEE FOR ALL DECISION MAKING. THERE ARE NO SUB-COMMITTEES. Form 990, Part VI, Section B, Line 11b THE COMPLETED 990 IS REVIEWED WITH THE CEO AND THE BOARD OF TRUSTEES AT ONE OF THE MONTHLY BOARD MEETINGS PRIOR TO FILING. Form 990, Part VI, Section B, Line 12c DARKE RURAL ELECTRIC HAS A CONFLICT OF INTEREST POLICY THAT COVERS THE BOARD OF TRUSTEES, KEY STAFF, AND OFFICERS. IT REQUIRES THAT DISCLOSURE BE MADE TO THE BOARD UPON ANY CONFLICT, AND A STATEMENT OF COMPLIANCE BE SIGNED. BOARD MEMBERS, KEY STAFF AND OFFICERS SHALL DISQUALIFY THEMSELVES FROM PARTICIPATING IN DECISIONS POSING A CONFLICT OR APPEARANCE OF A CONFLICT OF INTEREST. Form 990, Part VI, Section B, Line 15 THE COOPERATIVE USES THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION'S COMPENSATION SURVEY TO ASSIST IN THE DECISION BY THE BOARD OF TRUSTEES ON THE COMPENSATION OF THE CEO. THIS DECISION IS MADE EACH DECEMBER DURING THE CEO'S EMPLOYEE PERFORMANCE EVALUATION. THE EVALUATION IS WRITTEN AND AN ORAL REVIEW IS MADE BY THE BOARD OF TRUSTEES TO THE CEO. THIS SURVEY IS ALSO USED FOR OTHER EMPLOYEES OF THE COOPERATIVE. THE SALARY FOR THESE EMPLOYEES IS DETERMINED BY THE CEO. Form 990, Part VI, Section C, Line 19 THE GOVERNING DOCUMENTS ARE GIVEN TO NEW MEMBERS. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. CALENDAR YEAR-END FINANCIAL STATEMENTS ARE PUBLISHED SUBSEQUENT TO YEAR-END IN A MAGAZINE DISTRIBUTED TO EVERY MEMBER. Form 990, Part IX, Line 4 THIS AMOUNT EQUALS THE TOTAL OPERATING AND NON-OPERATING MARGINS AT YEAR-END TO BE PAID/ALLOCATED TO MEMBERS. Form 990, Part XI, Line 9 OTHER CHANGES IN NET ASSETS OF FUND BALANCES - CURRENT YEAR MARGINS $605,027; INCREASE IN MEMBERSHIPS $60; ACCUMULATED OTHER COMPREHENSIVE INCOME $2,431,677; RETIRED PATRONAGE CAPITAL $(1,268,276); OTHER $92,236. FORM 8868 AUTOMATIC EXTENSION OF TIME TO FILE WAS FILED ON MAY 11, 2022.