2015-08-14T10:37:14-00:00 2014-12-31 990 2014-01-01 314234980 LICKING RURAL ELECTRIFICATION INC LICK 8002556815 1500 GRANVILLE ROAD NEWARK OH 430584970 Patrick McGonagle VP CFO 2015-08-13 false 2014 2016-04-25 22:37:26Z PAT MCGONAGLE 1500 GRANVILLE ROAD NEWARK OH 43058 54569716 false X www.theenergycoop.com X 1936 OH DISTRIBUTE ELECTRICITY TO ITS MEMBERS 9 9 45 0 0 49480412 51636161 395420 382022 2148720 2551533 52024552 54569716 0 0 684141 1290034 0 0 47023999 47962537 47708140 49252571 4316412 5317145 291694946 291304395 208750259 203146037 82944687 88158358 DISTRIBUTE ELECTRICITY TO ITS MEMBERS false false LICKING RURAL ELECTRIFICATION DISTRIBUTES ELECTRICITY TO 25,021 CUSTOMERS 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 12 0 true 45 true false false false false false false 51636161 2933555 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 JOHN KLAUDER DIRECTOR 001.00 005.00 X 14088 0 0 NELSON SMITH DIRECTOR 008.00 008.00 X 26363 0 0 DONALD HAWK DIRECTOR 000.67 003.33 X 11113 0 0 JACK SCHMIDT JR DIRECTOR 001.58 007.92 X 18425 0 0 JOHN PARKINSON DIRECTOR 000.67 003.33 X 12850 0 0 TOM GRAHAM DIRECTOR 000.67 003.33 X 11525 0 0 DANIEL DUPPS DIRECTOR 000.75 003.75 X 13088 0 0 DUSTIN BUCKINGHAM DIRECTOR 000.67 003.33 X 11288 0 0 JOANNE LITTLE DIRECTOR 000.67 003.33 X 11525 0 0 TODD WARE DIRECTOR X 0 0 0 PAT MCGONAGLE DIRECTOR X 0 0 0 TODD WARE PRESIDENT CEO 014.00 026.00 X 0 281903 104592 PAT MCGONAGLE VP CFO 014.00 026.00 X 0 224848 91327 DANIEL MCVEY VP COO 040.00 X 0 223865 89746 GARY GLOVER VP COO 040.00 X 151502 0 54727 CONNIE HOGUE DIRECTOR-HR SAFETY 014.00 026.00 X 0 156650 50097 DAVID DETTY GAS OPERATIONS MANAGER 040.00 X 0 128491 63243 LIJA KALEPS-CLARK DIRECTOR-LAND LEGAL SERVICES 010.00 030.00 X 144850 0 36766 ALLISON SAFFLE CONTROLLER 014.00 026.00 X 0 177273 56044 GARY BAKER DIRECTOR OF PR/MARKETING 014.00 026.00 X 124836 0 60882 551453 1193030 607424 3 false true false NEW RIVER 15 CLOVERDALE PLACE CLOVERDALE VA 24077 FACILITIES CONSTRUCTION 1150019 WA KENDALL PO BOX 831 LAWRENCEVILLE GA 30046 RIGHT OF WAY CLEARING 841698 R&R PIPELINE 155 DAYTON RD NEWARK OH 43055 FACILITIES CONSTRUCTION 450766 EPIC UTILITIES 5824 BLUE CHURCH RD SUNBURY OH 43074 POLE INSPECTION 111470 NOXIOUS VEGETATION L-2533 COLUMBUS OH 43260 RIGHT OF WAY CLEARING 112414 5 RESIDENTIAL COMMERCIAL 51636161 51636161 51636161 399175 399175 320484 320484 320484 320484 -17153 -17153 -17153 -17153 PATRONAGE CAPITAL 2231049 2231049 2231049 54569716 51636161 2933555 0 0 0 0 551453 0 142379 0 596202 0 0 0 0 0 0 0 0 271628 0 0 0 0 0 71932 4013426 0 3795822 30472 PURCHASE POWER 29710743 MAINTENANCE 3767651 PROPERTY TAXES 1981193 CUSTOMER ACCOUNTS 1344708 2974962 49252571 5983439 1992737 6074683 6777421 674995 700354 4152535 130868 133286966 36534429 94441282 96752537 33359222 34705275 147008790 150245203 291694946 291304395 7531108 7704909 197401391 191049044 3817760 4392084 208750259 203146037 X 146425 141370 82798262 88016988 82944687 88158358 291694946 291304395 X 5317145 -103474 X false X true X true false false 603569 603569 52307939 18267215 34040724 80375458 18267214 62108244 96752537 Financial derivatives and other financial products Closely-held equity interests PATRONAGE CAPTIAL 34705275 C 34705275 INTERCOMPANY ACCOUNTS 150245203 150245203 Federal income taxes ACCRUED POST RETIREMENT PENSION 3733963 DEFERRED CREDIT 116236 CONSUMER DEPOSITS 541885 4392084 X X 2 The Cooperative accounts for uncertainty in income taxes in its consolidated financial statements as required under Financial Accounting Standards Codification, Accounting for Uncertainty in Income Taxes. The income tax returns prior to fiscal year 2011 are closed. The Cooperative believes there are no material uncertain tax positions. true X X false false false TODD WARE PRESIDENT CEO 273810 8093 77440 27152 386495 PAT MCGONAGLE VP CFO 216230 2500 6118 64175 27152 316175 DANIEL MCVEY VP COO 212723 5000 6142 62594 27152 313611 GARY GLOVER VP COO 143701 2500 5301 40652 14075 206229 CONNIE HOGUE DIRECTOR-HR SAFETY 148216 2500 5934 42949 7148 206747 DAVID DETTY GAS OPERATIONS MANAGER 123514 4977 36091 27152 191734 LIJA KALEPS-CLARK DIRECTOR-LAND LEGAL SERVICES 138816 6034 29618 7148 181616 ALLISON SAFFLE CONTROLLER 168352 3000 5921 48896 7148 233317 GARY BAKER DIRECTOR OF PR/MARKETING 116522 2500 5814 33730 27152 185718 Form 990, Part VI, Section A, Line 6 Licking Rural Electrification has 25,021 members who elect the members of the governing board, approve significant decisions of the governing body and may receive a share of the organizationss profits or excess dues or share of the organizations 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 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 imposed are determined on a case by case basis. Form 990, Part VI, Section B, Line 15 The process for determining the compensation of all officers, directors and highly compensated employees includes a review and approval by independent persons and contemporaneous substatiation of the deliberation and decision. Form 990, Part VI, Section C, Line 19 All governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part XI, Line 5 Other assets of 103,474 consists of membership fees returned and the retirement of estate capital credits. 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