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 not tax deductible.
Here 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):
- Terry Stout (Ceo/General)
- Sam Satterfield (Operations M)
- Glen Cox Jr (Board Member) [Trustee/Director]
- Ronald Watson (Board Member) [Trustee/Director]
- Philip Macmillan (Board Member) [Trustee/Director]
- Jeff Nelson (Board Member) [Trustee/Director]
- C Brooks Sharp (President) [Trustee/Director]
- William Suan (Board Member) [Trustee/Director]
- Greg Robertson (Vice Preside) [Trustee/Director]
Official website here: www.harrisonrea.com
Where can I find the form 990 for Harrison Rural Electrification Asso?
The 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.
Impact
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.
Thursday, August 15, 2024
Harrison Rural Electrification Association's impact lies in providing its members in rural areas with the lowest cost electricity available. By building lines in areas where investor-owned utilities are unwilling to invest, HREA ensures that rural communities have access to affordable electricity. Owned by the members it serves, HREA's mission of providing public benefit through accessible and cost-effective electricity is at the core of its meaningful impact.
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.
- Assets and Liabilities:
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) 624-6365
Principal Officer
Terry Stout
Main Address
600 MARKET PLACE SUITE 104, BRIDGEPORT, WV, 26330
Website
www.harrisonrea.com
NTEE Category
Code: W80 - Public benefit
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