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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table

Pay Versus Performance

As required by Item 402(v) of Regulation S-K, the Partnership is providing the following information regarding the relationship between executive compensation and the Partnership’s financial performance for each of the three years in the period ended December 31, 2024. In accordance with the applicable SEC rules, the adjustments described and quantified below were made to the values reported in the Summary Compensation Table for each applicable year to determine the “actual” compensation paid to our Principal Executive Officer (“PEO”) and the average “actual” compensation paid to our other named executive officer (“NEO”).

The following table summarizes compensation values reported in the Summary Compensation Table for our PEO and the average for our other NEO, as compared to “compensation actually paid” or “CAP” and the Partnership’s financial performance for the years ended December 31, 2024, 2023, and 2022:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100 Investment Based on:

 

 

 

 

 

 

 

Year

 

Summary Compensation Table Total for Principal Executive Officer (PEO)

 

 

Compensation Actually Paid to PEO(1)

 

 

Average Summary Compensation Table Total for Non-PEO NEOs(2)

 

 

Average Compensation Actually Paid to Non-PEO NEOs(1)(2)

 

 

Total BUC Holder Return(3)

 

 

Peer Group Total Unitholder Return(3)

 

 

Net Income

 

 

Cash Available for Distribution(3)

 

2024

 

$

361,485

 

 

$

136,536

 

 

$

300,656

 

 

$

113,169

 

 

$

71.34

 

 

$

58.91

 

 

$

21,323,333

 

 

$

21,947,404

 

2023

 

 

400,905

 

 

 

431,887

 

 

 

334,530

 

 

 

360,778

 

 

 

104.90

 

 

 

66.51

 

 

 

54,011,696

 

 

 

44,137,323

 

2022

 

 

427,266

 

 

 

401,502

 

 

 

357,318

 

 

 

335,165

 

 

 

97.46

 

 

 

64.85

 

 

 

65,562,166

 

 

 

53,360,968

 

(1) The dollar amounts reported in these columns represent the amount of “compensation actually paid” to Kenneth C. Rogozinski and the other NEO of the Partnership, which is Jesse A. Coury, as computed in accordance with Item 402(v) of Regulation S-K. Accordingly, these dollar amounts do not reflect the actual amount of compensation earned by or paid to the NEOs during the applicable year. To calculate compensation actually paid (“CAP”), the following amounts were deducted from and added to Summary Compensation Table (“SCT”) total compensation, in accordance with the SEC methodology set forth in Regulation S-K Item 402(v)(2)(iii)(C):

PEO SCT Total to CAP Reconciliation:

 

 

2024

 

 

2023

 

 

2022

 

PEO SCT Totals

 

$

361,485

 

 

$

400,905

 

 

$

427,266

 

Add (Subtract):

 

 

 

 

 

 

 

 

 

Fair value of equity awards granted during the year from the SCT

 

 

(361,485

)

 

 

(400,905

)

 

 

(427,266

)

Fair value at year end of equity awards granted during the year

 

 

222,938

 

 

 

380,294

 

 

 

382,626

 

Change in fair value of equity awards granted in prior years that were unvested as of the end of the year

 

 

(49,377

)

 

 

(4,471

)

 

 

(11,899

)

Change in fair value of equity awards granted in prior years that vested during the year

 

 

(97,315

)

 

 

(8,312

)

 

 

(22,745

)

Equity awards granted in prior years that were forfeited during the year

 

 

-

 

 

 

-

 

 

 

-

 

Distributions or other earnings paid on equity awards during the year

 

 

60,291

 

 

 

64,376

 

 

 

53,520

 

Total Equity Award Related Adjustments

 

 

(224,949

)

 

 

30,982

 

 

 

(25,764

)

CAP Totals

 

$

136,536

 

 

$

431,887

 

 

$

401,502

 

Non-PEO NEO SCT Total to CAP Reconciliation:

 

 

2024

 

 

2023

 

 

2022

 

Non-PEO NEO SCT Totals

 

$

300,656

 

 

$

334,530

 

 

$

357,318

 

Add (Subtract):

 

 

 

 

 

 

 

 

 

Fair value of equity awards granted during the year from the SCT

 

 

(300,656

)

 

 

(334,530

)

 

 

(357,318

)

Fair value at year end of equity awards granted during the year

 

 

185,423

 

 

 

317,331

 

 

 

319,986

 

Change in fair value of equity awards granted in prior years that were unvested as of the end of the year

 

 

(41,202

)

 

 

(3,739

)

 

 

(11,027

)

Change in fair value of equity awards granted in prior years that vested during the year

 

 

(81,292

)

 

 

(7,298

)

 

 

(22,395

)

Equity awards granted in prior years that were forfeited during the year

 

 

-

 

 

 

-

 

 

 

-

 

Distributions or other earnings paid on equity awards during the year

 

 

50,241

 

 

 

54,484

 

 

 

48,600

 

Total Equity Award Related Adjustments

 

 

(187,487

)

 

 

26,248

 

 

 

(22,153

)

CAP Totals

 

$

113,169

 

 

$

360,778

 

 

$

335,165

 

(2) The only non-principal executive officer NEO reflected in the tables above for each of the years presented was Jesse A. Coury. Therefore, all amounts reported as averages reflect only amounts applicable to Mr. Coury.

(3) See disclosure under “Narrative Disclosure to Pay vs. Performance Table” below for a description of how Total BUC Holder Return (“TBR”) and Peer Group Total Unitholder Return (“Peer Group TUR”) are calculated and how Cash Available for Distribution (“CAD”) is derived from the Partnership’s audited financial statements.

   
Company Selected Measure Name Cash Available for Distribution    
Named Executive Officers, Footnote The only non-principal executive officer NEO reflected in the tables above for each of the years presented was Jesse A. Coury. Therefore, all amounts reported as averages reflect only amounts applicable to Mr. Coury.    
Peer Group Issuers, Footnote See disclosure under “Narrative Disclosure to Pay vs. Performance Table” below for a description of how Total BUC Holder Return (“TBR”) and Peer Group Total Unitholder Return (“Peer Group TUR”) are calculated and how Cash Available for Distribution (“CAD”) is derived from the Partnership’s audited financial statements.    
PEO Total Compensation Amount $ 361,485 $ 400,905 $ 427,266
PEO Actually Paid Compensation Amount $ 136,536 431,887 401,502
Adjustment To PEO Compensation, Footnote

PEO SCT Total to CAP Reconciliation:

 

 

2024

 

 

2023

 

 

2022

 

PEO SCT Totals

 

$

361,485

 

 

$

400,905

 

 

$

427,266

 

Add (Subtract):

 

 

 

 

 

 

 

 

 

Fair value of equity awards granted during the year from the SCT

 

 

(361,485

)

 

 

(400,905

)

 

 

(427,266

)

Fair value at year end of equity awards granted during the year

 

 

222,938

 

 

 

380,294

 

 

 

382,626

 

Change in fair value of equity awards granted in prior years that were unvested as of the end of the year

 

 

(49,377

)

 

 

(4,471

)

 

 

(11,899

)

Change in fair value of equity awards granted in prior years that vested during the year

 

 

(97,315

)

 

 

(8,312

)

 

 

(22,745

)

Equity awards granted in prior years that were forfeited during the year

 

 

-

 

 

 

-

 

 

 

-

 

Distributions or other earnings paid on equity awards during the year

 

 

60,291

 

 

 

64,376

 

 

 

53,520

 

Total Equity Award Related Adjustments

 

 

(224,949

)

 

 

30,982

 

 

 

(25,764

)

CAP Totals

 

$

136,536

 

 

$

431,887

 

 

$

401,502

 

   
Non-PEO NEO Average Total Compensation Amount $ 300,656 334,530 357,318
Non-PEO NEO Average Compensation Actually Paid Amount $ 113,169 360,778 335,165
Adjustment to Non-PEO NEO Compensation Footnote

Non-PEO NEO SCT Total to CAP Reconciliation:

 

 

2024

 

 

2023

 

 

2022

 

Non-PEO NEO SCT Totals

 

$

300,656

 

 

$

334,530

 

 

$

357,318

 

Add (Subtract):

 

 

 

 

 

 

 

 

 

Fair value of equity awards granted during the year from the SCT

 

 

(300,656

)

 

 

(334,530

)

 

 

(357,318

)

Fair value at year end of equity awards granted during the year

 

 

185,423

 

 

 

317,331

 

 

 

319,986

 

Change in fair value of equity awards granted in prior years that were unvested as of the end of the year

 

 

(41,202

)

 

 

(3,739

)

 

 

(11,027

)

Change in fair value of equity awards granted in prior years that vested during the year

 

 

(81,292

)

 

 

(7,298

)

 

 

(22,395

)

Equity awards granted in prior years that were forfeited during the year

 

 

-

 

 

 

-

 

 

 

-

 

Distributions or other earnings paid on equity awards during the year

 

 

50,241

 

 

 

54,484

 

 

 

48,600

 

Total Equity Award Related Adjustments

 

 

(187,487

)

 

 

26,248

 

 

 

(22,153

)

CAP Totals

 

$

113,169

 

 

$

360,778

 

 

$

335,165

 

   
Compensation Actually Paid vs. Total Shareholder Return

img84064333_4.jpg

   
Compensation Actually Paid vs. Net Income

img84064333_5.jpg

   
Compensation Actually Paid vs. Company Selected Measure

img84064333_6.jpg

   
Total Shareholder Return Amount $ 71.34 104.9 97.46
Peer Group Total Shareholder Return Amount 58.91 66.51 64.85
Net Income (Loss) $ 21,323,333 $ 54,011,696 $ 65,562,166
Company Selected Measure Amount 21,947,404 44,137,323 53,360,968
PEO Name Kenneth C. Rogozinski    
Additional 402(v) Disclosure The dollar amounts reported in these columns represent the amount of “compensation actually paid” to Kenneth C. Rogozinski and the other NEO of the Partnership, which is Jesse A. Coury, as computed in accordance with Item 402(v) of Regulation S-K. Accordingly, these dollar amounts do not reflect the actual amount of compensation earned by or paid to the NEOs during the applicable year.    
Measure:: 1      
Pay vs Performance Disclosure      
Name CAD    
Measure:: 2      
Pay vs Performance Disclosure      
Name Net income    
Measure:: 3      
Pay vs Performance Disclosure      
Name Partners’ capital    
PEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (224,949) $ 30,982 $ (25,764)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (361,485) (400,905) (427,266)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 222,938 380,294 382,626
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (49,377) (4,471) (11,899)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (97,315) (8,312) (22,745)
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 60,291 64,376 53,520
Non-PEO NEO | Equity Awards Adjustments      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (187,487) 26,248 (22,153)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (300,656) (334,530) (357,318)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 185,423 317,331 319,986
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (41,202) (3,739) (11,027)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (81,292) (7,298) (22,395)
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 50,241 $ 54,484 $ 48,600