Overview
What is Harrison Rural Electrification Asso?
Harrison Rural Electrification Asso (HREA) is a nonprofit organization headquartered in Bridgeport, West Virginia. With a team of 30 employees, their primary mission is dedicated to providing their rural community members with the most affordable electricity available. HREA constructs power lines in areas where investor-owned utilities decline to build, making them an essential utility provider in these regions. The members of the association collectively own HREA, demonstrating a strong community connection.
Official website here: www.harrisonrea.com
Is Harrison Rural Electrification Asso legitimate?
Harrison Rural Electrification Asso is a legitimate nonprofit organization registered as a 501(c)(12) entity. Harrison Rural Electrification Asso 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: $191,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,794,336
For more financial information, click here
Official website here: www.harrisonrea.com
What is the mission statement of Harrison Rural Electrification Asso?
The Harrison Rural Electrification Association (HREA) is dedicated to delivering the most affordable electricity to its members. This non-profit organization's primary objective is to ensure that its rural customers have access to the lowest possible electric rates. HREA goes beyond the reach of investor-owned utilities, constructing power lines in areas where they are unwilling to expand. The members of this cooperative collectively own and govern HREA, allowing them to maintain control over their electric service and costs.
Official website here: www.harrisonrea.com
Who is the CEO of Harrison Rural Electrification Asso?
Terry Stout is the Ceo/General of Harrison Rural Electrification Asso. The CEO's salary of Harrison Rural Electrification Asso is $160,072 and their total compensation is $224,206.
Official website here: www.harrisonrea.com
What is the revenue of Harrison Rural Electrification Asso?
Harrison Rural Electrification Asso's revenue in 2022 was $14,627,050.
Official website here: www.harrisonrea.com
Who are the executives of Harrison Rural Electrification Asso and what are their salaries?
The average compensation at Harrison Rural Electrification Asso during 2022 was $66,204. There are 30 employees at Harrison Rural Electrification Asso.
Here are 9 key members and their salaries (Harrison Rural Electrification Asso's CEO's salary is $160,072 and their total compensation is $224,206):
- Compensation: $160,072
- Related: $0
- Other: $64,134
- Compensation: $114,253
- Related: $0
- Other: $55,566
- Compensation: $6,600
- Related: $0
- Other: $0
- Compensation: $5,500
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $4,250
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $3,250
- Related: $0
- Other: $0
- Compensation: $3,100
- Related: $0
- Other: $0
Official website here: www.harrisonrea.com
Where can I find the form 990 for Harrison Rural Electrification Asso?
Harrison Rural Electrification Asso's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harrisonrea.com
Learn more at the official website: www.harrisonrea.com
Mission Statement of Harrison Rural Electrification Asso
Harrison Rural Electrification Association (HREA) is a dedicated non-profit organization with a singular mission: to offer its members the most affordable electricity available. HREA's primary goal is to ensure that rural communities have access to reliable and economical electric power, an essential service often overlooked by investor-owned utilities.
HREA's operations extend beyond merely supplying electricity. The association constructs power lines in areas where traditional utility companies decline to build, ensuring that remote rural areas are not left in the dark. HREA's unique member-owned structure sets it apart, as the members themselves collectively own and govern the organization. This relationship enables HREA to maintain a strong connection with the communities it serves, allowing it to tailor its offerings to the specific needs of its members.
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Impact
October, 2024
Harrison Rural Electrification Association (HREA) has a significant impact on the communities it serves by providing access to affordable electricity in rural areas where larger investor-owned utilities often do not operate. By focusing on the lowest possible cost, HREA ensures that its members, who are also the owners of the association, can benefit from reliable power. This not only improves the quality of life for residents but also fosters economic development by enabling local businesses and agriculture to thrive. The association actively builds infrastructure in underserved regions, bridging the gap in electricity availability and promoting energy independence. Overall, HREA plays a crucial role in enhancing the social and economic fabric of rural West Virginia.
This information is meant to be a general summary of Harrison Rural Electrification Asso. 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: -$146,618
- Program Service Revenue: $14,688,056
- Gross Receipts: $14,783,140
Assets and Liabilities:
- Total Assets: $43,135,007
- Total Liabilities: $18,943,277
- Net Assets: $24,191,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$14,688,056
Organization Details
Founding Year
1938
Phone
(304) 624-6365Principal Officer
Terry Stout
Main Address
600 MARKET PLACE SUITE 104, BRIDGEPORT, WV, 26330
Website
www.harrisonrea.comNTEE Category
Code: W80 - Public benefit
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