Buckeye Power Inc

Columbus, OH
Tax-exempt since April 1974
EIN: 31-0676582

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its June 2024 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$816M (2024)

Expenses

$796M (2024)

Total Assets

$1.7B (2024)

Total Liabilities

$1.18B (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$815,866,022

Expenses

$795,831,880

Net Income

$20,034,142

Net Assets

$512,052,558

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$807,658,695	99.0%
Investment Income	$2,314,142	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,893,185	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,565,830	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,832,059	0.5%

Assets/Debt
Total Assets	$1,696,416,205
Total Liabilities	$1,184,363,647
Net Assets	$512,052,558

Club or Co-Op Income
Income From Members	$748,041,357
Income From Other Sources	$67,824,665

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrick O'loughlin (President Ceo)	$964,657	$211,754	$140,840
Craig Grooms (Chief Operating Officer)	$329,249	$24,782	$127,072
Kurt Helfrich (General Council)	$316,328	$55,823	$99,609
William Roberts (Vp Finance Cfo)	$303,241	$75,810	$132,704
Tom Alban (Vp Power Generation)	$284,716	$11,863	$114,243
Bethany Schunn (Plant Manager)	$258,783	$0	$59,556
Dave Richardson (Plant Manager)	$214,876	$0	$75,690
Randall Keefer (Director Fuel Procurement Byproduct Sales)	$207,374	$0	$65,710
Paul Jackson (Director Project Management)	$204,440	$0	$46,964
Kevin Zemanek (Vp Operations)	$192,794	$14,512	$60,846
Greg Niese (Director Of It)	$170,182	$30,032	$116,312
Ben Wilson (Assistant Vp Power Delivery)	$168,265	$18,696	$53,670
Doug Miller (Vp Statewide Services)	$75,680	$227,039	$161,763
Steven Nelson (Chairman)	$11,725	$0	$0
John Metcalf (Vice Chairman)	$4,800	$0	$0
Todd Ware (Treasurer)	$3,600	$0	$0
Brett Perkins (Trustee)	$2,625	$0	$0
Gary Knapke (Trustee)	$2,225	$0	$0
Phillip Caskey (Trustee)	$0	$0	$0
Ted Holsapple (Trustee)	$0	$0	$0
Daniel Mc Naull (Trustee)	$0	$0	$0
Don Englet (Trustee)	$0	$0	$0
Brian Hill (Trustee)	$0	$0	$0
Bill Barnhart (Trustee)	$0	$0	$0
Glenn Miller (Trustee)	$0	$0	$0
See filing for compensation of 17 other people →

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990

Filed on Nov. 4, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2023

Revenue

$832,696,275

Expenses

$791,988,048

Net Income

$40,708,227

Net Assets

$521,390,484

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$825,996,768	99.2%
Investment Income	$1,525,773	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,173,734	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,037,213	0.8%

Assets/Debt
Total Assets	$1,688,219,536
Total Liabilities	$1,166,829,052
Net Assets	$521,390,484

Club or Co-Op Income
Income From Members	$722,156,649
Income From Other Sources	$110,539,626

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrick O'loughlin (President Ceo)	$1,950,699	$428,202	$145,556
Kurt Helfrich (General Council)	$309,080	$54,544	$117,873
William Roberts (Vp Finance Cfo)	$285,837	$71,459	$145,434
Tom Alban (Vp Power Generation)	$282,144	$11,756	$160,635
Craig Grooms (Chief Operating Officer)	$279,676	$14,720	$168,681
Bethany Schunn (Plant Manager)	$241,945	$0	$66,947
Kevin Fletcher (Om Plant Technician Principal)	$203,391	$0	$68,037
Dave Richardson (Plant Manager)	$200,124	$0	$83,520
Randell Keefer (Director Fuel Procurement Byproduct Sales)	$198,832	$0	$85,487
Kevin Zemanek (Assistant Vp Operations)	$180,281	$13,570	$73,181
Greg Niese (Director Of It)	$172,196	$19,133	$132,233
Doug Miller (Vp Statewide Services)	$71,817	$215,452	$229,579
Steven Nelson (Chairman)	$9,350	$0	$0
John Metcalf (Vice Chairman)	$5,300	$0	$0
Brett Perkins (Trustee)	$2,875	$0	$0
Todd Ware (Treasurer)	$2,250	$0	$0
George Carter (Trustee)	$1,500	$0	$0
Phillip Caskey (Trustee)	$0	$0	$0
Ted Holsapple (Trustee)	$0	$0	$0
Daniel Mc Naull (Trustee)	$0	$0	$0
Tonda Meadows (Trustee)	$0	$0	$0
Brian Hill (Trustee)	$0	$0	$0
Bill Barnhart (Trustee)	$0	$0	$0
Glenn Miller (Trustee)	$0	$0	$0
Larry Fenbers (Trustee)	$0	$0	$0
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990

Filed on Nov. 11, 2023

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Fiscal Year Ending June
2022

Revenue

$814,420,643

Expenses

$777,806,668

Net Income

$36,613,975

Net Assets

$517,604,610

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$809,956,444	99.5%
Investment Income	$547,070	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,917,129	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,704,508	0.7%

Assets/Debt
Total Assets	$1,739,976,540
Total Liabilities	$1,222,371,930
Net Assets	$517,604,610

Club or Co-Op Income
Income From Members	$728,815,578
Income From Other Sources	$85,605,064

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrick O Loughlin (President Ceo)	$928,929	$203,911	$420,127
Kurt Helfrich (General Counsel)	$309,583	$42,216	$113,832
William Roberts (Vp Finance Cfo)	$284,621	$71,155	$137,847
Thomas Alban (Vp Power Generation)	$272,066	$11,336	$148,412
Craig Grooms (Vp Market Operations)	$269,837	$14,202	$158,800
Bethany Schunn (Plant Manager)	$257,854	$0	$63,853
Dave Richardson (Plant Manager)	$196,469	$0	$81,143
Paul Jackson (Manager Power Gen Assets)	$194,004	$0	$57,941
Randell Keefer (Manager Power Gen Performance)	$190,246	$0	$81,825
James Palmisano (Chief Accounting Officer)	$161,493	$8,500	$89,018
Greg Niese (Director Of It)	$160,044	$17,783	$142,800
Douglas Miller (Vp Statewide Services)	$70,234	$210,701	$212,841
Steven Nelson (Chairman)	$8,575	$0	$0
John Metcalf (Vice Chairman)	$2,800	$700	$0
Brett Perkins (Trustee)	$1,750	$0	$0
Todd Ware (Treasurer)	$1,575	$0	$0
George Carter (Trustee)	$1,575	$0	$0
William Swango (Trustee)	$0	$0	$0
Tonda Meadows (Trustee)	$0	$0	$0
Tom Wofenbarger (Trustee)	$0	$0	$0
Larry Fenbers (Trustee)	$0	$0	$0
Phillip Caskey (Trustee)	$0	$0	$0
Ted Holsapple (Trustee)	$0	$0	$0
Daniel Mc Naull (Trustee)	$0	$0	$0
Brian Hill (Trustee)	$0	$0	$0
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990

Filed on Nov. 9, 2022

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Fiscal Year Ending June
2021

Revenue

$739,686,456

Expenses

$712,071,623

Net Income

$27,614,833

Net Assets

$520,217,816

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$735,204,423	99.4%
Investment Income	$523,362	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,958,671	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,849,677	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,937,484	0.4%

Assets/Debt
Total Assets	$1,764,183,038
Total Liabilities	$1,243,965,222
Net Assets	$520,217,816

Club or Co-Op Income
Income From Members	$683,958,274
Income From Other Sources	$55,728,183

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Patrick O Loughlin (President Ceo)	$902,917	$198,200	$548,795
William Roberts (Vp Finance Cfo)	$303,893	$33,766	$129,915
Kurt Helfrich (General Counsel)	$296,832	$40,476	$109,530
Thomas Alban (Vp Power Generation)	$260,599	$10,858	$123,028
Craig Grooms (Vp Market Operations)	$256,146	$13,482	$133,390
Bethany Schunn (Plant Manager)	$243,651	$0	$56,679
Dave Richardson (Plant Manager)	$189,993	$0	$72,099
Paul Jackson (Manager Power Gen Assets)	$182,048	$0	$48,600
Randell Keefer (Manager Power Gen Performance)	$180,860	$0	$68,789
James Palmisano (Chief Accounting Officer)	$155,880	$8,205	$81,537
Lija Kaleps Clark (Senior Counsel)	$153,587	$17,065	$44,302
Douglas Miller (Vp Statewide Services)	$68,138	$204,410	$180,106
Steven Nelson (Chairman)	$8,225	$0	$0
John Metcalf (Vice Chairman)	$2,450	$0	$0
Todd Ware (Treasurer)	$1,575	$0	$0
George Carter (Trustee)	$1,400	$0	$0
Brett Perkins (Trustee)	$1,400	$0	$0
William Swango (Trustee)	$0	$0	$0
Tonda Meadows (Trustee)	$0	$0	$0
Tom Wofenbarger (Trustee)	$0	$0	$0
Larry Fenbers (Trustee)	$0	$0	$0
Phillip Caskey (Trustee)	$0	$0	$0
Ted Holsapple (Trustee)	$0	$0	$0
Daniel Mc Naull (Trustee)	$0	$0	$0
Brian Hill (Trustee)	$0	$0	$0
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990

Filed on Nov. 3, 2021

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Fiscal Year Ending June
2020

Revenue

$674,077,948

Expenses

$640,577,895

Net Income

$33,500,053

Net Assets

$522,452,481

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$670,064,807	99.4%
Investment Income	$797,841	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,215,300	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,073,112	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,688,375	0.4%

Assets/Debt
Total Assets	$1,795,317,036
Total Liabilities	$1,272,864,555
Net Assets	$522,452,481

Club or Co-Op Income
Income From Members	$639,583,031
Income From Other Sources	$34,494,917

990

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PDF

Fiscal Year Ending June
2019

Revenue

$688,165,467

Expenses

$657,829,349

Net Income

$30,336,118

Net Assets

$509,003,560

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$681,456,499	99.0%
Investment Income	$3,810,218	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2,898,750	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,861,576	0.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,066,539	0.3%

Assets/Debt
Total Assets	$1,860,786,613
Total Liabilities	$1,351,783,053
Net Assets	$509,003,560

Club or Co-Op Income
Income From Members	$648,589,133
Income From Other Sources	$53,757,026

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2018

Revenue

$719,539,841

Expenses

$676,322,673

Net Income

$43,217,168

Net Assets

$494,150,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$708,254,093	98.4%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$11,285,748	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,060,608	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,822,148	0.4%

Assets/Debt
Total Assets	$1,792,428,539
Total Liabilities	$1,298,277,904
Net Assets	$494,150,635

Club or Co-Op Income
Income From Members	$654,471,931
Income From Other Sources	$63,267,967

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2017

Revenue

$682,276,015

Expenses

$639,019,482

Net Income

$43,256,533

Net Assets

$459,173,406

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$674,490,060	98.9%
Investment Income	$2,892,837	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,893,118	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,845,172	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,711,716	0.4%

Assets/Debt
Total Assets	$1,822,596,717
Total Liabilities	$1,363,423,311
Net Assets	$459,173,406

Club or Co-Op Income
Income From Members	$0
Income From Other Sources	$0

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2016

Revenue

$646,568,004

Expenses

$626,112,242

Net Income

$20,455,762

Net Assets

$438,632,004

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$639,376,181	98.9%
Investment Income	$3,236,154	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,955,669	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,917,359	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$952,035	0.2%

Assets/Debt
Total Assets	$1,897,398,683
Total Liabilities	$1,458,766,679
Net Assets	$438,632,004

Club or Co-Op Income
Income From Members	$603,408,062
Income From Other Sources	$39,518,788

990

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending June
2015

Revenue

$657,950,836

Expenses

$608,545,855

Net Income

$49,404,981

Net Assets

$433,244,407

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$651,350,057	99.0%
Investment Income	$3,033,264	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,567,515	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,576,307	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,130,793	0.5%

Assets/Debt
Total Assets	$1,861,401,198
Total Liabilities	$1,428,156,791
Net Assets	$433,244,407

Club or Co-Op Income
Income From Members	$599,774,424
Income From Other Sources	$5,817,641,412

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$686,462,745

Expenses

$650,675,501

Net Income

$35,787,244

Net Assets

$399,127,256

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$663,375,136	96.6%
Investment Income	$2,928,642	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$20,158,967	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,420,197	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,615,633	0.4%

Assets/Debt
Total Assets	$1,883,023,193
Total Liabilities	$1,483,895,937
Net Assets	$399,127,256

Club or Co-Op Income
Income From Members	$604,506,782
Income From Other Sources	$81,955,963

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$649,224,664

Expenses

$623,005,115

Net Income

$26,219,549

Net Assets

$379,922,208

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$639,895,273	98.6%
Investment Income	$750,012	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$8,579,379	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,103,529	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,673,310	0.4%

Assets/Debt
Total Assets	$1,924,707,374
Total Liabilities	$1,544,785,166
Net Assets	$379,922,208

Club or Co-Op Income
Income From Members	$586,536,548
Income From Other Sources	$62,688,116

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$626,522,200

Expenses

$594,127,705

Net Income

$32,394,495

Net Assets

$361,677,900

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$613,792,634	98.0%
Investment Income	$842,208	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$11,887,358	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,134,398	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,475,359	0.4%

Assets/Debt
Total Assets	$1,989,504,812
Total Liabilities	$1,627,826,912
Net Assets	$361,677,900

Club or Co-Op Income
Income From Members	$558,026,366
Income From Other Sources	$68,495,834

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$577,742,479

Expenses

$544,913,092

Net Income

$32,829,387

Net Assets

$343,760,947

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$567,210,976	98.2%
Investment Income	$891,114	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,640,389	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,075,077	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,492,740	0.5%

Assets/Debt
Total Assets	$1,760,438,277
Total Liabilities	$1,416,677,330
Net Assets	$343,760,947

Club or Co-Op Income
Income From Members	$501,151,947
Income From Other Sources	$76,590,532

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Buckeye Power Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $816M (2024)

Expenses $796M (2024)

Total Assets $1.7B (2024)

Total Liabilities $1.18B (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2012

Extracted Financial Data

Revenue

$816M (2024)

Expenses

$796M (2024)

Total Assets

$1.7B (2024)

Total Liabilities

$1.18B (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005