2023-08-15T05:02:41-00:00 2022-12-31 990 2022-01-01 314234980 LICKING RURAL ELECTRIFICATION INC LICK 1500 GRANVILLE ROAD NEWARK OH 430584970 PATRICK MCGONAGLE VP CFO 2023-08-15 false PATRICK MCGONAGLE XXX-XX-XXXX 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z PATRICK MCGONAGLE 1500 GRANVILLE ROAD NEWARK OH 43058 68341532 false X www.theenergycoop.com X 1936 OH DISTRIBUTE ELECTRICITY TO ITS MEMBERS 9 9 52 0 0 61918974 65234820 315497 316396 2219545 2790316 64454016 68341532 0 0 1785909 1006508 0 0 57769709 62767960 59555618 63774468 4898398 4567064 316474567 341616012 230301575 251707588 86172992 89908424 DISTRIBUTE ELECTRICITY TO ITS MEMBERS false false LICKING RURAL ELECTRIFICATION DISTRIBUTES ELECTRICITY TO 27,096 MEMBERS IN 9 COUNTIES WITHIN OHIO. false false false false false false false false false true true false true true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 64 0 true 52 true false false false false false false false false false false false false 64232562 4108970 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false OH X PAT MCGONAGLE 8002556815 1500 GRANVILLE ROAD NEWARK OH 430584970 TODD WARE PRESIDENT CEO 017.00 023.00 X 0 374686 127696 DANIEL MCVEY VP COO 040.00 X 0 309674 122531 PAT MCGONAGLE VP CFO 016.00 024.00 X 0 294210 131919 CONNIE HOGUE VP OF HUMAN RESOURCES/SAFETY 018.00 022.00 X 0 219227 81942 JOE HIGDON CONTROLLER 017.00 023.00 X 0 191086 96523 GARY BAKER VP OF MEMBER SERVICES MARKETING 016.00 024.00 X 181143 0 86737 SCOTT STITTS VP CIO 014.00 026.00 X 0 177821 88760 JOSH FILLER VP COO 040.00 X 193487 0 67720 PATRICK MULLIGAN ENGINEERING MANAGER 040.00 X 0 157408 74006 NELSON SMITH DIRECTOR 003.00 006.25 X 35000 0 0 TOM GRAHAM DIRECTOR 000.67 003.33 X 21700 0 0 DONALD HAWK DIRECTOR 000.67 003.33 X 19250 0 0 JOHN KLAUDER DIRECTOR 001.00 005.00 X 17750 0 0 JOANNE LITTLE DIRECTOR 000.67 003.33 X 15500 0 0 DUSTIN BUCKINGHAM DIRECTOR 001.50 004.00 X 14750 0 0 WAYNE ZOLLARS DIRECTOR 000.67 003.33 X 13750 0 0 BRAD PATTON DIRECTOR 000.67 003.33 X 10250 0 0 JACK SCHMIDT JR DIRECTOR 002.00 004.00 X 8850 0 0 MIKE PETTIT DIRECTOR 001.00 005.00 X 7750 0 0 DANIEL DUPPS DIRECTOR 000.67 003.33 X 6750 0 0 545930 1724112 877834 20 false true false NEW RIVER ELECTRICAL CORP PO BOX 70 CLOVERDALE VA 24077 FACILITIES CONSTRUCTION 4097093 WA KENDALL & COMPANY INC PO BOX 831 LAWRENCEVILLE GA 30046 RIGHT OF WAY CLEARING 820448 BOSS & SON EXCAVATING LLC PO BOX 35 BLADENSBURG OH 43005 FACILITES CONSTRUCTION 1547431 lLAROCHE AVIATION SERVICES LLC 7 COMMERCE PARKWAY BELLAIRE OH 43906 RIGHT OF WAY CLEARING 795943 HYSONG TREE SERVICE LLC 11069 PINEVIEW RD ST LOUISVILLE OH 43071 RIGHT OF WAY CLEARING 570150 17 RESIDENTIAL COMMERCIAL 65234820 65234820 65234820 311230 311230 498890 498890 498890 498890 5166 5166 5166 5166 PATRONAGE CAPITAL 2291426 2291426 2291426 68341532 65234820 3106712 0 0 0 0 700387 631181 0 0 -325060 0 101288 83880 28520 0 0 0 0 500056 0 0 0 0 0 124795 4085042 0 5737761 46949 PURCHASE POWER 38836640 MAINTENANCE 4904153 PROPERTY TAXES 2964555 CUSTOMER ACCOUNTS 1872931 3481390 63774468 1253758 2421693 7142840 8028261 1803133 2369159 298214 1474688 205593922 57181116 136615743 148412806 40939274 40959705 128421605 137949700 316474567 341616012 10000682 11256444 215634673 236088055 4666220 4363089 230301575 251707588 X 107440 102980 86065552 89805444 86172992 89908424 316474567 341616012 X 4567064 -831632 X false true X true false false false 2941613 2941613 133702565 28590558 105112007 68949744 28590558 40359186 148412806 Financial derivatives and other financial products Closely-held equity interests PATRONAGE CAPTIAL 40959705 C 40959705 INTERCOMPANY ACCOUNTS 137949700 137949700 Federal income taxes ACCRUED POST RETIREMENT PENSION 3937879 DEFFERED CREDITS CONSUMER DEPOSITS 425210 4363089 VIII 2 The Cooperative accounts for uncertianty in income taxes in its consolidated financial statements as required under Financial Accounting Standards Codification, Accounting for Uncertainty in Income Taxes. The Cooperative believes there are no material uncertain tax positions true X X X X false false false TODD WARE PRESIDENT CEO 364857 9829 117233 10463 502382 DANIEL MCVEY VP COO 295515 7670 6489 101166 21365 432205 PAT MCGONAGLE VP CFO 281667 5710 6833 97670 34249 426129 SCOTT STITTS VP CIO 170141 1150 6530 54511 34249 266581 JOSH FILLER VP COO 182343 5620 5524 51317 16403 261207 CONNIE HOGUE VP OF HUMAN RESOURCES/SAFETY 207037 5325 6865 70431 11511 301169 JOE HIGDON CONTROLLER 175867 8760 6459 62274 34249 287609 GARY BAKER VP OF MEMBER SERVICES MARKETING 171130 3345 6668 55709 31028 267880 PATRICK MULLIGAN ENGINEERING MANAGER 151512 1350 4546 52641 21365 231414 Form 990, Part VI, Section A, Line 6 Licking Rural Electrification has 27,096 members who elect the members of the governing board, approve significant decisions of the governing body and may receive a share of the organizations profits or excess dues or share of the organizatons assets upon the organizations dissolution Form 990, Part VI, Section A, Line 7a Each member has one vote in electing the members of the governing board Form 990, Part VI, Section A, Line 7b Some decisions of the governing body are subject to approval by members. These decisions are outlined in the articles of incorporation Form 990, Part VI, Section B, Line 11 The Form 990 is reviewed by the CEO and the CFO prior to it being signed and filed. A copy of the Form 990 is presented to the Board members prior to filing. Form 990, Part VI, Section B, Line 12c The conflict of interest policy covers all employees and directors of Licking Rural Electrification, Inc. including all related organizations. The determination of whether conflict exists is made by the CEO or other managers depending on the level of the employee involved. The CEO reviews all conflicts and any restrictions are determined on a case by case basis. Form 990, Part VI, Section B, Line 15b The Cooperative makes use of compensation data from two separate industry sources to determine pay ranges for other officers and key employees. These employees are evaluated annually by their supervisor and compensated accordingly within the guidelines of the predetermined pay ranges. The Cooperative has retained an independent consultant to review this compensation methodology. Form 990, Part VI, Section C, Line 19 All governing documents, conflicts of interest policy and financial statements are available upon request Form 990, Part XI, Line 9 Other assets of 831,632 consists of membership fees returned and retirement of patronage capital credits. Form 990, Part VI, Section B, Line 15a The Board of Directors the Board of Licking Rural Electrification, Inc. the Cooperative has a standing Executive Committee the Executive Committee that serves as its compensation committee and performs an annual review of the compensation arrangements of the Cooperatives CEO. No member of the Executive Committee or any other member of the Board has any conflict of interest as described in the Instructions to Form 990 for Line 15 of Item VI with respect to the compensation arrangements regarding the Cooperatives CEO. The Executive Committee reviews the performance appraisals of the CEO completed by members of the Board, along with data as to comparable compensation of qualified persons in functionally comparable positions at similarly situated organizations. After reviewing the appraisals and compensation data, the Executive Committee makes a recommendation to the Board regarding adjustments to the compensation arrangements of the CEO. After deliberating, the Board makes a decision as to any adjustments to the CEOs compensation arrangements. Minutes as to the deliberations and decisions of the Board regarding the CEOs compensation arrangements are contemporaneously taken and entered into the Cooperatives records of the Boards proceedings. 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