Overview
What is Panola-Harrison Electric?
Panola-Harrison Electric is a cooperative nonprofit organization located in Marshall, Texas, with a post office box at PO BOX 1058, 75671. Established in Panola and Harrison Counties in Texas and Caddo and DeSoto Parishes in Louisiana, the mission of this cooperative is to distribute electricity and related services to approximately 20,600 rural customers in the region. With a team of 45 dedicated employees, Panola-Harrison Electric aims to provide essential electric utility services to its members, ensuring a better quality of life for the rural communities it serves.
Official website here: www.phec.us
Is Panola-Harrison Electric legitimate?
Panola-Harrison Electric is a legitimate nonprofit organization registered as a 501(c)(12) entity. Panola-Harrison Electric 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: $1,177,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,276,047
For more financial information, click here
Official website here: www.phec.us
What is the mission statement of Panola-Harrison Electric?
Panola-Harrison Electric Cooperative is dedicated to providing electricity and related services to rural communities. Established with the primary purpose of serving rural customers, the cooperative aims to ensure these communities have consistent access to electric power. Approximately 20,600 customer meters rely on Panola-Harrison Electric for their electrical needs. The cooperative's mission extends beyond electricity distribution, working to maintain a reliable and efficient power grid for its members.
Official website here: www.phec.us
Who is the CEO of Panola-Harrison Electric?
Michael Haynes is the Principal Officer of Panola-Harrison Electric.
Official website here: www.phec.us
What is the revenue of Panola-Harrison Electric?
Who are the executives of Panola-Harrison Electric and what are their salaries?
The average compensation at Panola-Harrison Electric during 2022 was $76,737. There are 45 employees at Panola-Harrison Electric.
Here are 13 key members and their salaries:
- M Austin Haynes (General Manager)
- Robert Fisher (Director Of Outside Operations)
- Paul Davidson (Crew Foreman)
- Jason Burson (Serviceman/Service Lineman)
- Codie Stewart (Lineman)
- Virgil Brock (First Class Lineman)
- Albert S Tiller (President / Director)
- Robert Ortigo (Director)
- Jay Goswick (Secretary/Treasurer/Director)
- Paul Fortune (Director)
- H Gene Stough Jr (Director)
- Jerry L Holmes (Vice Pres/Director)
- Debbie Burch (Director)
Official website here: www.phec.us
Where can I find the form 990 for Panola-Harrison Electric?
The Panola-Harrison Electric’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.phec.us
Learn more at the official website: www.phec.us
Mission Statement of Panola-Harrison Electric
Panola-Harrison Electric Cooperative, a rural electric cooperative, was established with the primary objective of delivering electricity and related services to its customers in Texas and Louisiana. Hailing from Panola and Harrison Counties in Texas, and Caddo and DeSoto Parishes in Louisiana, this cooperative has dedicated itself to providing essential electric service to approximately 20,600 rural customers.
The mission of Panola-Harrison Electric Cooperative goes beyond just supplying electricity. This nonprofit organization is committed to ensuring that its members, living in rural areas, have reliable access to electricity, powering their homes, farms, and businesses. By electrifying rural communities, Panola-Harrison Electric Cooperative is making a significant impact on the quality of life of its members, enabling them to thrive in their daily lives.
The cooperative's efforts extend beyond the mere distribution of electricity. By being a vital part of these rural communities, Panola-Harrison Electric Cooperative plays a pivotal role in contributing to their social, economic, and infrastructure development. The organization's unwavering commitment to its members and their wellbeing underscores its dedication to improving the lives of those it serves.
Impact
This information is meant to be a general summary of Panola-Harrison Electric. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Panola-Harrison Electric plays a crucial role in supplying electric service to approximately 20,600 rural customer meters in Panola and Harrison counties in Texas, as well as Caddo and Desoto parishes in Louisiana. By ensuring these rural areas have access to electricity and related services, Panola-Harrison Electric contributes to the development and well-being of the communities it serves.
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.
SALES OF ELECTRICITY
Revenue
$54,914,741
OTHER SERVICE REVENUES
Revenue
$618,844
Organization Details
Founding Year
1937
Phone
(903) 935-1540
Principal Officer
Michael Haynes
Main Address
PO BOX 1058, MARSHALL, TX, 756711058
Website
www.phec.us
NTEE Category
Code: W80 - Public benefit
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