2024-11-11T08:03:51-05:00 2023-12-31 311413363 BHM CPA GROUP INC 1 E CAMPUS VIEW BLVD STE 300 COLUMBUS OH 43235 990 2023-01-01 550189745 HARRISON RURAL ELECTRIFICATION ASSO HARR 3046246365 600 MARKET PLACE SUITE 104 BRIDGEPORT WV 26330 TERRY STOUT CEO/GENERAL MANAGER 3046246365 2024-10-29 true true RYAN C HIXENBAUGH CPA P01052454 6143895775 2024-11-11 2023 2024-10-15 13:58:12Z TERRY STOUT 600 MARKET PLACE SUTIE 104 CHARLES BRIDGEPORT WV 26330 13596162 false X WWW.HARRISONREA.COM X 1938 WV HARRISON RURAL ELECTRIFICATION ASSOCIATION'S (HREA) SOLE PURPOSE IS TO PROVIDE ITS MEMBERS WITH THE LOWEST COST ELECTRICITY AVAILABLE. 7 7 26 0 0 14688056 13458448 -146618 -40035 85612 77446 14627050 13495859 200 200 0 2577383 2581851 0 0 10673729 9823154 13251312 12405205 1375738 1090654 43135007 46066139 18943277 20576831 24191730 25489308 X HARRISON RURAL ELECTRIFICATION ASSOCIATION'S (HREA) SOLE PURPOSE IS TO PROVIDE ITS MEMBERS WITH THE LOWEST COST ELECTRICITY AVAILABLE. false false HREA SELLS ELECTRIC TO RURAL AREA CUSTOMERS AT THE LOWEST POSSIBLE COST. HREA BUILDS LINES WHERE INVESTOR OWNED UTILITIES DO NOT WANT TO BUILD. HREA IS OWNED BY THE MEMBERS THAT IT SERVES. HREA CONTRIBUTES TO AND MAILS TO CUSTOMERS A MONTHLY MAGAZINE CALLED COUNTRY LIVING WHICH HAS A SECTION TITLED "ILLUMINATOR" IN ORDER TO KEEP CUSTOMERS APPRAISED OF CURRENT ELECTRIC ISSUES AND ISSUES AFFECTING THEIR CO-OP. HREA IS INVOLVED WITH THE COMMUNITY BY MAKING VARIOUS DONATIONS TO ORGANIZATIONS. HREA MAKES ANNUAL TRIPS TO LOCAL SCHOOLS PROMOTING SAFETY AND PARTICIPATES WITH OTHER AREA ORGANIZATIONS. false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 10 0 true 26 true false false false false false 13458448 77446 false false false X 7 7 false false false false true true true true true false false true true true true true true true true false X TERRY STOUT 3046246365 600 MARKET PLACE SUTIE 104 CHARLES BRIDGEPORT WV 26330 TERRY STOUT CEO/GENERAL 40.00 X 156823 0 70522 C BROOKS SHARP PRESIDENT 1.25 X X 7000 0 0 JEFF NELSON BOARD MEMBER 1.25 X 6000 0 0 RONALD WATSON BOARD MEMBER 1.25 X 4750 0 0 GREG ROBERTSON VICE PRESIDE 1.25 X X 4500 0 0 GLEN COX JR BOARD MEMBER 1.25 X 4250 0 0 WILLIAM SUAN BOARD MEMBER 1.25 X 4000 0 0 PHILIP MACMILLAN BOARD MEMBER 1.25 X 3250 0 0 190573 70522 1 false true false FILA'S TREE SERVICE 4948 GOOD HOPE PIKE CLARKSBURG WV 26301 ROW MAINT 869828 CW WRIGHT CONSTRUCTION INC 1610 ASHTON PARK DR SOUTH CHESTERFIELD VA 23834 CONSTRUCTION 847830 PATHWAY CONSTRUCTION LLC 2727 BRANDONVILLE PIKE TERRA ALTA WV 26764 CONSTRUCTION 413136 HLH AVIATION 7371 ATLAS WALK WAY 636 GAINSEVILLE VA 20155 ROW MAINTENANCE 276120 4 SALE OF ELECTRICITY 13458448 13458448 13458448 9472 9472 50796 100303 -49507 -49507 -49507 PATRONAGE CAP FROM ASSOC ORG 71589 71589 MERCH, JOBBING & CONTRACTS 5857 5857 77446 13495859 13535894 -40035 200 190573 1813388 426077 151813 7005 26025 16872 500 18540 82607 221468 65962 786642 1539528 COST OF POWER 4884467 DISTRIBUTION - MAINTENANC 1190387 CONSUMER ACCOUNT 514980 DISTRIBUTION - OPERATIONS 172915 295256 12405205 0 0 0 2138956 2445824 1260834 1054891 71606 83048 53320705 14598039 35808466 38722666 979946 1009051 2875199 2750659 43135007 46066139 1448049 1528615 810 810 16179217 18474000 1315201 573406 18943277 20576831 X 24066023 25363216 125707 126092 24191730 25489308 43135007 46066139 X 1090654 206924 X false true X false false 53320705 14598039 38722666 38722666 MATERIALS AND SUPPLIES 2295661 RIGHT OF USE ASSETS 454998 2750659 CAPITAL LEASES 573406 573406 X 13495859 13495859 13495859 12218833 -186372 -186372 12405205 12405205 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE COMPLIES WITH ACCOUNTING STANDARDS CODIFICATION (ASC) 740- 10 RELATED TO UNCERTAIN TAX POSITIONS. ASC 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS TAKEN BY THE COOPERATIVE ON ITS TAX RETURNS THAT THEY CONSIDER TO BE UNCERTAIN OR THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. TAX RETURNS FOR THE YEARS ENDED 2020, 2021 AND 2022 ARE STILL OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XII, LINE 2D DECREASE IN ALLOWANCE FOR BAD DEBT -186,372 false false false TERRY STOUT CEO/GENERAL MANAGER 156823 43134 27388 227345 FORM 990, PAGE 2, PART III, LINE 4D HREA MAKES ANNUAL TRIPS TO LOCAL SCHOOLS PROMOTING SAFETY AND PARTICIPATES WITH OTHER AREA ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 6 THE ASSOCIATION IS AN ELECTRIC COOPERATIVE THAT HAS MEMBERS WHO OBTAIN A PATRONAGE OWNERSHIP IN THE ASSOCIATION AND ARE ISSUED MEMBER CREDITS WHEN THEY OBTAIN ELECTRIC SERVICE. FORM 990, PAGE 6, PART VI, LINE 7A THE ASSOCIATION MEMBERSHIP CONSISTS OF SEVEN GEOGRAPHIC DISTRICTS. THE MEMBERS OF EACH DISTRICT ELECT A REPRESENTATIVE TO THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B THE ASSOCIATION HAS TO HAVE A MAJORITY VOTE OF ITS MEMBERS TO ENACT ANY BYLAW CHANGES. THE ASSOCIATION HAS AN ANNUAL MEMBERS MEETING WHERE SUCH ACTIONS, IF ANY, ARE VOTED ON. FORM 990, PAGE 6, PART VI, LINE 11B THE ASSOCIATION'S GENERAL MANAGER, TERRY STOUT, REVIEWS THE 990. HE APPROVES FILING OF THE RETURN AND THE BOARD REVIEWS AT THE NEXT MONTHLY BOARD MEETING AFTER FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ASSOCIATION'S DIRECTORS ALL SIGN CONFLICT OF INTEREST STATEMENTS WHEN ELECTED. THESE ARE THEN MONITORED BY MANAGEMENT AND THE BOARD ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 15A THE ASSOCIATION'S GENERAL MANAGER IS REVIEWED ANNUALLY BY THE WHOLE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B THE ASSOCIATION'S KEY EMPLOYEES ARE REVIEWED BY THE GENERAL MANAGER. HOWEVER, THE BOARD APPROVES THE BUDGET FOR SALARY INCREASES AND LIMITS THE AMOUNT THAT KEY EMPLOYEES' SALARIES CAN BE BASED ON THE APPROVED BUDGET FOR THAT YEAR. FORM 990, PAGE 6, PART VI, LINE 19 THE ASSOCIATION PROVIDES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO ANY INTERESTED PARTY UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9 DECREASE IN ALLOWANCE FOR BAD DEBTS 186,371 NEW MEMBERSHIPS, NET ADJUSTMENTS 385 OTHER REDEMPTION & ADJUSTMENTS -4,758 CHANGE IN ACCT EST ASU 2016-13 92,667 RETIREMENT OF PATRONAGE CAPITAL -67,741 CONSUMER DEPOSITS 0 TOTAL 206,924