Buckeye Power INC FY2021 filing

Not tax-deductible

Columbus, OHMutual-benefit / member-servingSince 1949EIN 31-0676582Revenue $739.7M in FY2021

On file with the IRSbuckeyepower.com6677 Busch Blvd, 43229-1101 · Columbus, OHTax-exempt since Apr 1974

This page gets seen. Tell your story. Claim this org.

Deliver to Members stably and competitively priced economical and highly reliable wholesale power for the benefit of their members and their communities.

$3.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $30.8M a year · 4% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.2M
to officers and key staff · 0.5% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2B
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$739.7M
Spent
$712.1M
To programs
0%
Net assets
$520.2M
By yearFY2021–FY2025
Revenue
$739.7M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$739.7M
FY2022$814.4M
FY2023$832.7M
FY2024$815.9M
FY2025$915.5M
Expenses
$712.1M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$712.1M
FY2022$777.8M
FY2023$792.0M
FY2024$795.8M
FY2025$886.3M
Net assets
$520.2M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$520.2M
FY2022$517.6M
FY2023$521.4M
FY2024$512.1M
FY2025$511.9M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

37 people listed on the 990; $3.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President CEO
$902,917Pt VII · Sec A
VP Finance CFO
$303,893Pt VII · Sec A
General Counsel
$296,832Pt VII · Sec A
VP Power Generation
$260,599Pt VII · Sec A
VP Market Operations
$256,146Pt VII · Sec A
Plant Manager
$243,651Pt VII · Sec A
Plant Manager
$189,993Pt VII · Sec A
Manager Power Gen Assets
$182,048Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Patrick O'Loughlin$1,018,694$964,657$1,950,699——
Patrick Oloughlin———$928,929$902,917
Craig Grooms$378,698$329,249$279,676$269,837$256,146
Kurt Helfrich$326,560$316,328$309,080$309,583$296,832
William Roberts$317,678$303,241$285,837$284,621$303,893
Tom Alban$296,901$284,716$282,144——
Bethany Schunn$291,040$258,783$241,945$257,854$243,651
Thomas Alban———$272,066$260,599

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Buckeye Power INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provide affordable, reliable wholesale power to member communities.

Questions for Buckeye Power INC

Tap to ask. Buckeye Power INC sees how many people are interested.

Your first name shows with your question. Buckeye Power INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2020
01

Buckeye Power Inc. Buckeye is an electric generation and transmission cooperative. Buckeye provides wholesale electric service to its 25 Members constituting all of the electric distribution cooperatives engaged in the sale of electricity within the State of Ohio.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$739.7M
Ln 12
Fees for servicesLn 2g$735.2M
Other incomeLn 4–11$4.0M
Investment incomeLn 3$523K
Money outPt IX
$712.1M
Ln 25
Owns and owesPt X
$520.2M
net assets · Ln 32
Cash and savingsLn 1–2$47.2M
Total assetsLn 16$1.8B
LiabilitiesLn 26$1.2B
PeoplePt VI, VII
37
listed · VII A
PaidVII A17
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$735.2M
Investment incomeLn 3$523K
Other incomeLn 4–11$4.0M
Total revenueLn 12$739.7M
Assets in detailPt X, end of year
CashLn 1$47.2M
SavingsLn 2$0
Cash and savings togetherLn 1–2$47.2M
InvestmentsLn 11–13$45.1M
Land, buildings, equipmentLn 10c$1.23B
Other assetsLn 15$324.4M
Total assetsLn 16$1.8B
LiabilitiesLn 26$1.2B
Net assetsLn 32$520.2M
OperationsPt I, VI
EmployeesI 584
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$47.3M$47.2M
InvestmentsLn 11–13$43.9M$45.1M
Land, buildings, equipmentLn 10c$1.24B$1.23B
Total assetsLn 16$1.80B$1.76B
LiabilitiesLn 26$1.27B$1.24B
Net assetsLn 32$522.5M$520.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$2.8M$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$2.9M$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$1.7M$0$0$0
Payroll taxesLn 10$446K$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$1.1M$0$0$0
Accounting feesLn 11c$287K$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$2.5M$0$0$0
Office expensesLn 13$340K$0$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$108K$0$0$0
TravelLn 17$90K$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$88K$0$0$0
InterestLn 20$45.4M$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$109.2M$0$0$0
InsuranceLn 23$2.2M$0$0$0
Other expenses (24a–d)Ln 24$529.7M$0$0$0
All other expensesLn 24e$13.1M$0$0$0
Total functional expensesLn 25$712.1M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $915.5M$886.3M$29.2M$511.9M 990 PDF
FY2024 $815.9M$795.8M$20.0M$512.1M 990 PDF
FY2023 $832.7M$792.0M$40.7M$521.4M 990 PDF
FY2022 $814.4M$777.8M$36.6M$517.6M 990 PDF
FY2021 Viewing $739.7M$712.1M$27.6M$520.2M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $739,686,456 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $670,064,807$735,204,423
I-10 Investment incomePrior year $797,841$523,362
I-11 Other revenuePrior year $3,215,300$3,958,671
I-12 Total revenuePrior year $674,077,948$739,686,456
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,474,068$7,980,311
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $632,103,827$704,091,312
I-18 Total expensesPrior year $640,577,895$712,071,623
I-19 Revenue less expensesPrior year $33,500,053$27,614,833
Part VI · Governance 25 of 25 board members independent, 1 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $739,686,456 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $735,204,423 · Unrelated business $0 · Excluded from tax $0$735,204,423
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $523,362$523,362
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $575,462 · Unrelated business $0 · Excluded from tax $3,383,209$3,958,671
VIII-12 Total revenueRelated to mission $735,779,885 · Unrelated business $0 · Excluded from tax $3,906,571$739,686,456
Part IX · Statement of functional expenses $712,071,623 across 27 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$2,849,677
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$2,937,484
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$1,747,108
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$446,042
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$1,059,010
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$287,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$2,478,426
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$340,284
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$107,512
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$90,059
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$88,049
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$45,391,274
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$109,228,511
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$2,206,220
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$529,694,208
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$13,120,759
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$712,071,623
Part X · Balance sheet $1,764,183,038 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $47,273,938$47,218,676
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $31,199,039$52,504,517
X-8 Inventories for sale or useStart of year $92,065,234$61,774,791
X-9 Prepaid expenses and deferred chargesStart of year $2,024,169$2,051,553
X-10c Land, buildings and equipment, netStart of year $1,241,398,178$1,231,122,798
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $43,851,509$45,083,123
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $337,504,969$324,427,580
X-16 Total assetsStart of year $1,795,317,036$1,764,183,038
X-17 Accounts payable and accrued expensesStart of year $57,142,957$68,642,183
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $10,000,000$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $75,388,446$78,785,319
X-26 Total liabilitiesStart of year $1,272,864,555$1,243,965,222
X-32 Total net assets or fund balancesStart of year $522,452,481$520,217,816
X-33 Total liabilities and net assetsStart of year $1,795,317,036$1,764,183,038
Part XI · Reconciliation of net assets $520,217,816 net assets at year end
XI-1 Total revenue$739,686,456
XI-2 Total expenses$712,071,623
XI-3 Revenue less expenses$27,614,833
XI-4 Net assets at start of year$522,452,481
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$29,849,498
XI-10 Net assets at end of year$520,217,816

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.