nonprofit logo

Harrison County Rural Electric Cooperative

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 420297955 ✦ Woodbine, IA ✦ Designated as a 501(c)(12)

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 not tax deductible.

Here 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):

    F Joe Farley (Ceo)
  • Compensation: $161,745
  • Related: $0
  • Other: $23,644

    • Lori D Barry (Cfo)
  • Compensation: $108,441
  • Related: $0
  • Other: $23,839

    • Shadon Blum (Director Of Operations)
  • Compensation: $112,987
  • Related: $0
  • Other: $13,074

    • Curtis Lee (Director)
  • Compensation: $9,925
  • Related: $0
  • Other: $0

    • Brenda Lundergard (Secretary) [Trustee/Director]
  • Compensation: $8,375
  • Related: $0
  • Other: $0

    • William Hutcheson (Director)
  • Compensation: $7,625
  • Related: $0
  • Other: $0

    • Thomas J Bothwell (President) [Trustee/Director]
  • Compensation: $7,500
  • Related: $0
  • Other: $0

    • Kent Kersten (Treasurer) [Trustee/Director]
  • Compensation: $6,625
  • Related: $0
  • Other: $0

    • Larry Ramsey (Director)
  • Compensation: $6,137
  • Related: $0
  • Other: $0

    • Doug Pitt (Director)
  • Compensation: $5,250
  • Related: $0
  • Other: $0

    • James Sharp (Vice President) [Trustee/Director]
  • Compensation: $4,875
  • Related: $0
  • Other: $0

    • Randall Koenig (Director)
  • Compensation: $4,000
  • Related: $0
  • Other: $0


  • Official website here: www.hcrec.coop

    Where can I find the form 990 for Harrison County Rural Electric Cooperative?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Harrison County Rural Electric Cooperative plays a vital role in providing electric and related services to rural communities. The cooperative ensures that approximately 2,426 members in the area have access to reliable electric power along 1,118 miles of lines. By adding 12.86 miles of line and removing 12.56 miles, the cooperative is continuously improving and expanding its services to meet the needs of its members. Through its mission to safely provide reliable electric power and related services at the best possible value, Harrison County Rural Electric Cooperative significantly contributes to the functioning and development of the rural communities it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    F Joe Farley

    Main Address

    105 ENTERPRISE DR, WOODBINE, IA, 51579

    NTEE Category

    Code: W80Z - Public benefit

    If you are a representative of Harrison County Rural Electric Cooperative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.