Overview
What is New Hampshire Electric Cooperative Inc?
New Hampshire Electric Cooperative Inc, based in Plymouth, New Hampshire, is a nonprofit organization that provides electric and broadband services to its members across the state. With approximately 85,000 active member services, the cooperative's primary goal is to deliver affordable and reliable energy solutions. The surplus revenue from the sale of electric energy and related activities is treated as patron capital, which is allocated to members on a patronage basis. The cooperative employs 252 individuals, dedicated to ensuring the prosperity and convenience of its community.
Official website here: www.nhec.com
Is New Hampshire Electric Cooperative Inc legitimate?
New Hampshire Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. New Hampshire Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,572,235
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,107,085
For more financial information, click here
Official website here: www.nhec.com
What is the mission statement of New Hampshire Electric Cooperative Inc?
New Hampshire Electric Cooperative Inc is dedicated to providing its members with affordable and reliable electric and broadband services. The cooperative's mission is to deliver options that enhance and simplify their daily lives. The excess revenue generated from electric energy sales and related activities is considered capital, which is then allocated to members on a patronage basis. Currently, the cooperative serves approximately 85,000 active member services in New Hampshire.
Official website here: www.nhec.com
Who is the CEO of New Hampshire Electric Cooperative Inc?
Alyssa Clemsen Roberts is the Board Chair of New Hampshire Electric Cooperative Inc. The CEO's salary of New Hampshire Electric Cooperative Inc is $134,175 and their total compensation is $160,871.
Official website here: www.nhec.com
What is the revenue of New Hampshire Electric Cooperative Inc?
New Hampshire Electric Cooperative Inc's revenue in 2022 was $186,063,964.
Official website here: www.nhec.com
Who are the executives of New Hampshire Electric Cooperative Inc and what are their salaries?
The average compensation at New Hampshire Electric Cooperative Inc during 2022 was $66,188. There are 252 employees at New Hampshire Electric Cooperative Inc.
Here are 23 key members and their salaries (New Hampshire Electric Cooperative Inc's CEO's salary is $134,175 and their total compensation is $160,871):
- Compensation: $36,295
- Related: $0
- Other: $0
- Compensation: $9,275
- Related: $0
- Other: $0
- Compensation: $30,775
- Related: $0
- Other: $0
- Compensation: $37,975
- Related: $0
- Other: $0
- Compensation: $41,568
- Related: $0
- Other: $20,500
- Compensation: $37,875
- Related: $0
- Other: $0
- Compensation: $30,775
- Related: $0
- Other: $0
- Compensation: $34,269
- Related: $0
- Other: $0
- Compensation: $29,825
- Related: $0
- Other: $0
- Compensation: $26,725
- Related: $0
- Other: $0
- Compensation: $32,125
- Related: $0
- Other: $0
- Compensation: $16,850
- Related: $0
- Other: $0
- Compensation: $134,175
- Related: $0
- Other: $26,696
- Compensation: $248,554
- Related: $0
- Other: $103,397
- Compensation: $232,837
- Related: $0
- Other: $85,607
- Compensation: $234,663
- Related: $0
- Other: $86,713
- Compensation: $198,686
- Related: $0
- Other: $66,235
- Compensation: $158,988
- Related: $0
- Other: $53,883
- Compensation: $170,750
- Related: $0
- Other: $60,693
- Compensation: $159,229
- Related: $0
- Other: $72,042
- Compensation: $161,246
- Related: $0
- Other: $27,789
- Compensation: $151,539
- Related: $0
- Other: $51,022
- Compensation: $151,886
- Related: $0
- Other: $38,669
Official website here: www.nhec.com
Where can I find the form 990 for New Hampshire Electric Cooperative Inc?
New Hampshire Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nhec.com
Learn more at the official website: www.nhec.com
Mission Statement of New Hampshire Electric Cooperative Inc
New Hampshire Electric Cooperative Inc, a leading provider of electric energy and broadband services, is dedicated to empowering its members with affordable and dependable options that enhance their daily lives. By supplying these essential services, the cooperative goes beyond mere utilities, fostering a sense of convenience and simplification for its community.
The cooperative's mission lies in understanding that any surplus revenue generated from electric energy and related activities is a capital contribution from its members. This capital is then allocated to individual members based on their patronage, creating a unique cooperative business model. Presently, New Hampshire Electric Cooperative Inc caters to approximately 85,000 active member services across New Hampshire.
This non-profit organization's commitment to its members transcends the mere provision of energy and broadband services. By offering affordable and reliable options, New Hampshire Electric Cooperative Inc strives to make a positive impact on the lives of its community members. The cooperative's mission is to ensure that its members can access the tools they need to thrive, thus enabling them to focus on what truly matters.
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Impact
October, 2024
New Hampshire Electric Cooperative Inc plays a significant role in enhancing the quality of life for its members throughout the state. By providing electric energy and broadband services, it services approximately 85,000 active member accounts, ensuring that communities have access to vital resources that support daily living and economic activity.
The cooperative operates on a model where any surplus from the sale of electrical energy is returned to its members as capital, fostering a sense of ownership and community engagement. This patronage-based system ensures that members benefit directly from the cooperative's operations, promoting financial transparency and cost-effectiveness.
Furthermore, the cooperative is committed to providing affordable and reliable services, which simplifies access to essential utilities. This mission not only supports individual households but also contributes to the overall development and sustainability of New Hampshire communities, creating a positive ripple effect on local economies and enhancing the state's public welfare.
This information is meant to be a general summary of New Hampshire Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,039
- Program Service Revenue: $185,921,414
- Gross Receipts: $186,099,987
Assets and Liabilities:
- Total Assets: $326,303,689
- Total Liabilities: $183,502,328
- Net Assets: $142,801,361
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$179,533,473
POLE ATTACHMENT RENTAL REVEUE
Revenue
$3,314,371
MISC. ELECTRIC REVENUE
Revenue
$1,957,075
BROADBAND REVENUE
Revenue
$1,113,644
INTEREST INCOME
Revenue
$2,851
Organization Details
Founding Year
1939
Phone
(603) 536-1800Principal Officer
Alyssa Clemsen Roberts
Main Address
579 TENNEY MOUNTAIN HIGHWAY, PLYMOUTH, NH, 03264
Website
www.nhec.comNTEE Category
Code: W80 - Public benefit
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