Overview
What is Harrison County Rural Electric Cooperative?
Harrison County Rural Electric Cooperative is a nonprofit organization located in Woodbine, Iowa, with an address at 105 Enterprise Dr, ZIP code 51579. They serve approximately 2,426 members across 1,118 miles, having recently added 12.86 miles of line and removed 12.56 miles. Their primary mission is to provide electric and related services to rural communities, striving to ensure the safe and reliable delivery of electric power at the best possible value for their members. The cooperative employs a team of 24 individuals to fulfill this commitment.
Official website here: www.hcrec.coop
Is Harrison County Rural Electric Cooperative legitimate?
Harrison County Rural Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Harrison County Rural Electric Cooperative 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: $440,148
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,483,074
For more financial information, click here
Official website here: www.hcrec.coop
What is the mission statement of Harrison County Rural Electric Cooperative?
Harrison County Rural Electric Cooperative is dedicated to delivering electric and related services to rural communities. Their mission is to safely provide reliable electric power at the best possible value for their members. The cooperative has served approximately 2,426 members across 1,118 miles, adding 12.86 miles of new lines and removing 12.56 miles of old lines to ensure efficient power distribution. Through their commitment to safety and reliability, they strive to enhance the quality of life for those in the communities they serve. The cooperative's focus on value ensures that members receive affordable electric power, allowing them to thrive and prosper in their rural environments.
Official website here: www.hcrec.coop
Who is the CEO of Harrison County Rural Electric Cooperative?
F Joe Farley is the President of Harrison County Rural Electric Cooperative. The CEO's salary of Harrison County Rural Electric Cooperative is $161,745 and their total compensation is $185,389.
Official website here: www.hcrec.coop
What is the revenue of Harrison County Rural Electric Cooperative?
Harrison County Rural Electric Cooperative's revenue in 2022 was $14,745,396.
Official website here: www.hcrec.coop
Who are the executives of Harrison County Rural Electric Cooperative and what are their salaries?
The average compensation at Harrison County Rural Electric Cooperative during 2022 was $80,134. There are 24 employees at Harrison County Rural Electric Cooperative.
Here are 12 key members and their salaries (Harrison County Rural Electric Cooperative's CEO's salary is $161,745 and their total compensation is $185,389):
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $4,875
- Related: $0
- Other: $0
- Compensation: $8,375
- Related: $0
- Other: $0
- Compensation: $6,625
- Related: $0
- Other: $0
- Compensation: $6,137
- Related: $0
- Other: $0
- Compensation: $9,925
- Related: $0
- Other: $0
- Compensation: $5,250
- Related: $0
- Other: $0
- Compensation: $7,625
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $161,745
- Related: $0
- Other: $23,644
- Compensation: $108,441
- Related: $0
- Other: $23,839
- Compensation: $112,987
- Related: $0
- Other: $13,074
Official website here: www.hcrec.coop
Where can I find the form 990 for Harrison County Rural Electric Cooperative?
Harrison County Rural Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hcrec.coop
Learn more at the official website: www.hcrec.coop
Mission Statement of Harrison County Rural Electric Cooperative
Harrison County Rural Electric Cooperative, a dedicated organization, is committed to delivering electric and related services to rural communities. With a mission to safely provide reliable electric power and related services at the best possible value for its members, the cooperative goes above and beyond to meet the unique energy needs of its approximately 2,426 members spread across 1,118 miles. The cooperative's team has recently added 12.86 miles of new power lines while removing 12.56 miles of aged lines to ensure the continuity and efficiency of its electrical infrastructure. This proactive approach to maintenance and expansion enables Harrison County Rural Electric Cooperative to provide a consistent power supply, an essential element for the growth and development of the rural communities it serves.
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Impact
October, 2024
Harrison County Rural Electric Cooperative plays a crucial role in enhancing the quality of life for rural communities by providing reliable electricity and related services. Serving approximately 2,426 members along 1,118 miles of infrastructure, the cooperative is dedicated to meeting the energy needs of its community while ensuring affordability. The recent addition of 12.86 miles of line reflects its commitment to expanding access to electric services, while the removal of 12.56 miles of line demonstrates proactive management of its network to maintain efficiency and safety. Through its mission, the cooperative not only prioritizes safety and reliability but also ensures that members receive the best possible value for their energy needs. This focus on public benefit contributes significantly to the overall economic development and sustainability of the region.
This information is meant to be a general summary of Harrison County Rural Electric Cooperative. 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: $117,215
- Program Service Revenue: $14,614,379
- Gross Receipts: $15,076,703
Assets and Liabilities:
- Total Assets: $40,962,142
- Total Liabilities: $23,094,511
- Net Assets: $17,867,631
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF POWER
Revenue
$14,107,807
G&T CAPITAL CREDITS
Revenue
$506,572
Organization Details
Founding Year
1936
Phone
(712) 647-2727Principal Officer
F Joe Farley
Main Address
105 ENTERPRISE DR, WOODBINE, IA, 51579
Website
www.hcrec.coopNTEE Category
Code: W80Z - Public benefit
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