2024-08-15T09:13:23-05:00 2023-12-31 202000257 FIORE FEDELI SNYDER CAROTHERS LLP 2013 SANDY DR STE 200 STATE COLLEGE PA 16803 990 2023-01-01 230913675 NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE INC NEWE 8147663221 3596 BRUMBAUGH ROAD NEW ENTERPRISE PA 16664 MARK MORRISON MANAGER/CEO 8147663221 2024-07-22 1 1 JOSEPH P FEDELI CPA P00538622 8142378999 2024-07-22 2023 2024-08-08 14:25:15Z MARK MORRISON 3596 BRUMBAUGH ROAD NEW ENTERPRISE PA 16664 9236961 0 X HTTP://WWW.NEWENTERPRISEREC.COM/ X 1938 PA COOPERATIVE ELECTRIC ORGANIZATION PROVIDING RELIABLE ELECTRIC SERVICE TO MEMBERS AT THE LOWEST POSSIBLE COST 7 7 14 0 0 0 0 0 8483398 9002768 12173 10738 556402 223455 9051973 9236961 0 0 146064 115841 1708623 1822375 0 0 0 6203061 7002988 8057748 8941204 994225 295757 8701226 9242992 605752 851716 8095474 8391276 PROVIDING AFFORDABLE ELECTRICITY TO MEMBERS 0 0 8941204 PROVIDING AFFORDABLE ELECTRICITY TO MORE THAN 3,600 MEMBERS AS ONE OF 750 DISTRIBUTION COOPERATIVES THROUGHOUT THE COUNTRY THAT HAVE CREATED AND ARE MEMBERS OF TOUCHSTONE ENERGY COOPERATIVE. 8941204 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 14 1 0 0 0 0 0 9002768 10738 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARK MORRISON 8147663221 3596 BRUMBAUGH RD NEW ENTERPRISE PA 16664 LEROY WALLS PRESIDENT 3.00 X X 3825 0 0 CURTIS BRANT TREASURER 3.00 X X 5865 0 0 DAVID BEQUEATH SECRETARY 3.00 X X 5865 0 0 TIM NEWMAN VICE PRESIDENT 3.00 X X 3570 0 0 BRIAN MCCOY DIRECTOR 3.00 X 3570 0 0 MARK SWOPE DIRECTOR 3.00 X 5865 0 0 MERLE HELSEL DIRECTOR & ASSISTANT SEC'Y 3.00 X X 5355 0 0 MARK MORRISON MANAGER/CEO 50.00 X 138974 0 24452 172889 0 24452 1 0 1 0 0 PROVIDE ELECTRICITY TO 221000 9002768 9002768 9002768 10738 10738 CAPITAL CREDITS-ASSIGN 900003 223455 223455 223455 9236961 9226223 0 10738 115841 197341 1008090 281470 248626 86848 13875 12290 39692 64341 17198 6265 283261 60670 COST OF SALES-ELECTRIC 5185171 LINE MAINTENANCE 919962 OPERATION OF TRUCKS 124500 DUES 113862 161901 8941204 1100 1100 462690 299032 855830 1052754 396215 415168 39048 40869 10380630 6048673 3976649 4331957 3730 3730 2965964 3098382 8701226 9242992 486205 632634 73455 174877 46092 44205 605752 851716 X 0 0 14810 14855 8080664 8376421 8095474 8391276 8701226 9242992 X 295757 45 X 0 1 X 0 0 63158 63158 1318843 750421 568422 1799030 1098607 700423 7199599 4199645 2999954 4331957 INVESTMENTS IN ASSOCIATED ORGANIZATIONS 3098382 3098382 CUSTOMER DEPOSITS 44080 ACCRUED INTEREST LONG TERM DEBT 125 44205 X 9236961 0 9236961 0 9236961 8825363 0 8825363 115841 115841 8941204 PART X, LINE 2: THE COMPANY HAS EXAMINED ITS TAX POSITIONS AND BELIEVES THEY WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE FINANCIAL STATEMENTS. PART XII, LINE 4B - OTHER ADJUSTMENTS: CAPITAL CREDITS ASSIGNED TO CO-COPERATIVE MEMBERS 115,841. X 0 0 0 MARK MORRISON MANAGER/CEO 138974 0 0 0 0 0 4060 0 20392 0 163426 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 CONSUMER-MEMBERS OF NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE AGREE TO PURCHASE ELECTRIC ENERGY FROM THE COOPERATIVE. MEMBERS ACTIVELY PARTICIPATE IN SETTING POLICY AND MAKING DECISIONS BY ELECTING REPRESENTATIVES THAT ARE ACCOUNTABLE TO THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A SEE ABOVE. NEW ENTERPRISE RURAL ELECTRIC HOLDS ELECTIONS FOR SEATS ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B A VOTE TO SELL ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE COOPERATIVE AND/OR A VOTE TO DISSOLVE THE COOPERATIVE REQUIRES THE APPROVAL BY A 2/3 VOTE OF ALL THE MEMBERS FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWED THE FORM 990 WITH GENERAL MANAGER/CEO AT THE MONTHLY BOARD MEETING. THE GENERAL MANAGER REVIEWS DRAFT(S) OF THE FORM IN CONNECTION WITH HIS REVIEW OF THE AUDITED FINANCIAL STATEMENTS. ANY QUESTIONS OR CONCERNS ARE RESOLVED PRIOR TO SIGNING AND FILING THE FORM WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C DISTRIBUTE AND REVIEW A QUESTIONNAIRE UPON TIME OF (RE)ELECTION TO A THREE YEAR TERM. FORM 990, PART VI, SECTION B, LINE 15 GENERAL MANAGER/CEO RECOMMENDS SALARIES FOR ALL EMPLOYEES AND THE BOARD OF DIRECTORS APPROVES. THE BOARD ESTABLISHES THE GENERAL MANAGER/CEO COMPENSATION BASED ON PERFORMANCE, COMPARABLE DATA , EXPERIENCE, EXPERTISE AND FACTORS RELATED TO ACCOMPLISHING THE MISSION OF THE COOP. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE, UPON REQUEST, AT THE FRONT DESK OF THE MAIN OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS 45.