2021-11-08T01:20:44-00:00 2020-12-31 990 2020-01-01 314234980 LICKING RURAL ELECTRIFICATION INC LICK 8002556815 1500 GRANVILLE ROAD NEWARK OH 430584970 Patrick McGonagle VP CFO 2021-11-08 false Pat McGonagle 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z PAT MCGONAGLE 1500 GRANVILLE ROAD NEWARK OH 43058 59136739 false X www.theenergycoop.com X 1936 OH DISTRIBUTE ELECTRICITY TO ITS MEMBERS 9 9 50 0 0 53711246 56382700 332740 291546 2345076 2462493 56389062 59136739 0 0 1828605 1112850 0 0 51752314 52096179 53580919 53209029 2808143 5927710 336068744 306961000 225058829 225606947 111009915 81354053 DISTRIBUTE ELECTRICITY TO ITS MEMBERS false false LICKING RURAL ELECTRIFICATION DISTRIBUTES ELECTRICITY TO 26,344 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 54 0 true 50 true false false false false false false 55569237 3567502 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 361430 150512 PAT MCGONAGLE VP CFO 016.00 024.00 X 0 279586 138126 DANIEL MCVEY VP COO 001.00 039.00 X 0 291087 125870 JOE HIGDON CONTROLLER 017.00 023.00 X 0 192571 101289 CONNIE HOGUE DIRECTOR-HR SAFETY 018.00 022.00 X 0 205643 86274 GARY GLOVER VP COO 040.00 X 192932 0 83558 SCOTT STITTS IT MANAGER 014.00 026.00 X 0 160128 89949 GARY BAKER DIRECTOR OF MARKETING 012.50 027.50 X 161256 0 86708 JOSH FILLER MANAGER OF ENGINEERING 040.00 X 150736 0 71990 NELSON SMITH DIRECTOR 003.00 006.25 X 28525 0 0 JOHN KLAUDER DIRECTOR 001.00 005.00 X 21588 0 0 TOM GRAHAM DIRECTOR 000.67 003.33 X 20650 0 0 JACK SCHMIDT JR DIRECTOR 001.50 001.75 X 18775 0 0 JOHN PARKINSON DIRECTOR 000.67 003.33 X 16900 0 0 DANIEL DUPPS DIRECTOR 000.67 003.33 X 16150 0 0 DONALD HAWK DIRECTOR 000.67 003.33 X 15400 0 0 JOANNE LITTLE DIRECTOR 000.67 003.33 X 15400 0 0 DUSTIN BUCKINGHAM DIRECTOR 001.00 005.00 X 15150 0 0 673462 1490445 934276 20 false true false NEW RIVER PO BOX 70 CLOVERDALE VA 24077 FACILITIES CONSTRUCTION 837966 WA KENDAL PO BOX 831 LAWRENCEVILLE GA 30046 RIGHT OF WAY CLEARING 811867 BOSS & SON EXCAVATING LLC PO BOX 35 BLADENSBURG OH 43005 FACILITES CONSTRUCTION 832579 SMART BILL PO BOX 105 HEBRON OH 43025 BILL PRINT 429743 HYSONG TREE SERVICE LLC 11069 PINEVIEW RD ST LOUISVILLE OH 43071 PRINTING SERVICES 216350 5 RESIDENTIAL COMMERCIAL 56382700 56382700 56382700 310025 310025 462811 462811 462811 462811 -18479 -18479 -18479 -18479 PATRONAGE CAPITAL 1999682 1999682 1999682 59136739 56382700 2754039 0 0 0 0 915718 559251 0 0 -362119 0 0 91914 26691 0 0 49543 0 302059 0 0 0 0 0 34426 3839534 0 5305046 -19328 PURCHASE POWER 31875820 MAINTENANCE 3319189 PROPERTY TAXES 2694000 CUSTOMER ACCOUNTS 1549890 3027395 53209029 1898198 2484804 6314959 6798956 937416 671384 142272 243204 178928721 50415478 123145989 128513243 41305177 41514170 162324733 126735239 336068744 306961000 9318881 8778124 210760726 212300396 4979222 4528427 225058829 225606947 X 116020 111675 110893895 81242378 111009915 81354053 336068744 306961000 X 5927710 -35583572 X false true X true false false false 808755 808755 117133195 25207739 91925456 60986771 25207739 35779032 128513243 Financial derivatives and other financial products Closely-held equity interests PATRONAGE CAPTIAL 41514170 C 41514170 INTERCOMPANY ACCOUNTS 126735239 126735239 Federal income taxes ACCRUED POST RETIREMENT PENSION 4118491 DEFFERED CREDITS CONSUMER DEPOSITS 409936 4528427 X X 2 The Cooperative accounts for uncertainty in income taxes in its consolidated financial statements as required under Financial Accounitng Standards Codification, Accounting for Uncertainty in Income Taxes. The Cooperateive believes there are no material uncertain tax positions. true X X false false false TODD WARE PRESIDENT CEO 347477 5000 8954 129857 20654 511942 PAT MCGONAGLE VP CFO 272714 6872 105788 32338 417712 DANIEL MCVEY VP COO 284399 6688 108978 16892 416957 GARY GLOVER VP COO 187565 5367 66098 17460 276490 CONNIE HOGUE DIRECTOR-HR SAFETY 198758 6885 75807 10467 291917 JOSH FILLER MANAGER OF ENGINEERING 145000 5735 51337 20654 222726 JOE HIGDON CONTROLLER 175056 10968 6547 68951 32338 293860 SCOTT STITTS IT MANAGER 148988 5000 6140 57611 32338 250077 GARY BAKER DIRECTOR OF MARKETING 154631 6624 52791 33918 247964 Form 990, Part VI, Section A, Line 6 Licking Rural Electrification has 26,344 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 5 Other assets of 35,583,572 consists of membership fees returned, retirement of estate capital credits, and the dissolution of The Energy Cooperative II, Inc. 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. NGO TRANSMISSION COOPERATIVE 1500 GRANVILLE RD NEWARK OH 430584970 050592013 NAT GAS TRANSPORT OH 501c12 NO NATL GAS & OIL COMP false PRODUCERS GAS SALES INC 1500 GRANVILLE RD NEWARK OH 430584970 311121963 MKT OF NAT GAS OH 501c12 NO NATL GAS & OIL COMPANY false NATIONAL GAS & OIL COOPERATIVE 1500 GRANVILLE RD NEWARK OH 430584970 314215215 NAT GAS DIST OH 501c12 NO NATL GAS & OIL COMPANY false TEC ROUND-UP FOUNDATION INC 1500 GRANVILLE RD NEWARK OH 430584970 203486818 FUNDING ASSIST OH 501c3 11a NA false NGO PROPANE COOPERATIVE 1500 GRANVILLE RD NEWARK OH 430584970 311603183 PROPANE DIST OH NATL GAS & OIL COMPANY C Corp 1.00000 false NATIONAL GAS AND OIL COMPANY 1500 GRANVILLE RD NEWARK OH 430584970 311004640 NAT GAS SERV OH NA C Corp 1.00000 false NGO DEVELOPMENT CORPORATION INC 1500 GRANVILLE RD NEWARK OH 430584970 830449797 OIL GAS PROD OH NATL GAS & OIL COMPANY C Corp 1.00000 false THE ENERGY COOPERATIVE II INC 1500 GRANVILLE RD NEWARK OH 430584970 311396091 NAT GAS MKT OH NA C Corp 1.00000 false THE ENERGY COOPERATIVE INC 1500 GRANVILLE RD NEWARK OH 430584970 300160177 NAT GAS MKT OH NA C Corp 1.00000 false false false false true false false false false false false false true true true true true true true true NATIONAL GAS & OIL COOPERATIVE d 6277305 NGO TRANSMISSION d 1353350 PRODUCERS GAS SALES d 936422 NGO DEVELOPMENT d 414212 NGO PROPANE d 381492 NATIONAL GAS & OIL COMPANY d 253382 NATIONAL GAS & OIL COOPERATIVE o 1294065 NGO TRANSMISSION o 118290 NGO PROPANE COOPERATIVE o -23783 NGO TRANSMISSION p 3598071 NGO COMPANY p 34643 NATIONAL GAS & OIL COOPERATIVE q 2770492 PRODUCERS GAS SALES q 10298082 NGO PROPANE COOPERATIVE q 1740330 NGO DEVELOPMENT p 6593 NGO TRANSMISSION s 1031659 NGO DEVELOPMENT r 380875 NGO PROPANE COOPERATIVE r 339733 NATIONAL GAS & OIL COMPANY r 127398 NATIONAL GAS & OIL COOPERATIVE r 662705 PRODUCERS GAS SALES s 96928 PRODUCERS GAS SALES o -23783