Nonprofit · EIN 01-0056837
EASTERN MAINE ELECTRIC COOPERATIVE INC
Tax-exempt · CALAIS, ME 04619
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $20,265,948 | $20,265,948 | $0 | $56,330,249 | $40,514,652 | $15,815,597 |
| December 31, 2024 | 990 | $18,379,788 | $18,379,788 | $0 | $54,786,062 | $39,448,084 | $15,337,978 |
| December 31, 2023 | 990 | $17,279,980 | $17,279,980 | $0 | $53,940,615 | $39,061,296 | $14,879,319 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $19,862,783
- Investment income
- $403,165
- Net gain from sales of assets
- $15,529
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $557,862
- Compensation of officers, directors and key employees
- $702,082
- Other salaries and wages
- $2,173,145
- Salaries, compensation and benefits (total)
- $2,875,227
- Professional fundraising fees
- $0
- Legal fees
- $116,262
- Accounting fees
- $46,522
- Occupancy
- $70,322
- Travel
- $36,114
- Depreciation
- $2,785,518
- Program services (functional)
- $20,265,948
Balance sheet and other
- Total assets, start of year
- $54,786,062
- Total assets, end of year
- $56,330,249
- Total liabilities, end of year
- $40,514,652
- Net assets, end of year
- $15,815,597
- Land, buildings and equipment
- $37,104,836
- Gross receipts
- $20,265,948
- Employees
- 36
- Volunteers
- 0
- Year formed
- 1940
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Scott M Halowell | Chief Executive Officer Officer | 50 | $298,889 | $266,674 |
| Michael Carrier | Manager of Operations Key employee, Highest-paid employee | 45 | $151,386 | $142,521 |
| Charles E McAlpin | Manager of Member Services Key employee | 45 | $147,730 | $101,328 |
| Elery Beale | Manager of Information Technology Key employee | 45 | $140,822 | $54,459 |
| Warren Moholland | Chief Financial Officer Officer | 45 | $128,650 | $43,192 |
| John L Gallant | Secretary Trustee or director, Officer | 5 | $14,525 | $0 |
| Timothy R Peters | Treasurer Trustee or director, Officer | 5 | $14,500 | $0 |
| John Leighton | Board Member Trustee or director | 5 | $14,200 | $0 |
| R Scott Skinner | President Trustee or director, Officer | 4 | $11,350 | $0 |
| David A Harbison | Board Member Trustee or director | 3 | $9,400 | $0 |
| Dwayne Young | Board Member Trustee or director | 4 | $9,000 | $0 |
| David A Johnson | Board Member Trustee or director | 3 | $8,550 | $0 |
| Lawrence E Clark | Board Member Trustee or director | 1 | $5,125 | $0 |
| Earl Hill Jr | Vice President Trustee or director | 1 | $5,125 | $0 |
| Dana R Hatton | Board Member Trustee or director | 1 | $4,450 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bart Chandler | Board Member Trustee or director | 2 | $1,750 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Scott M Halowell | Chief Executive Officer Officer | 50 | $279,800 | $221,294 |
| Andrew M Tickle | Manager of Engineering Key employee, Highest-paid employee | 45 | $168,832 | $85,021 |
| Michael Carrier | Manager of Operations Key employee | 45 | $143,766 | $108,302 |
| Charles E McAlpin | Manager of Member Services Key employee | 45 | $145,620 | $88,005 |
| Elery Beale | Manager of Information Technology Key employee | 45 | $137,875 | $43,241 |
| Warren Moholland | Chief Financial Officer Officer | 45 | $125,674 | $38,211 |
| John L Gallant | Board Member Trustee or director | 3 | $7,250 | $0 |
| R Scott Skinner | President Trustee or director, Officer | 4 | $7,200 | $0 |
| David A Johnson | Board Member Trustee or director | 3 | $7,000 | $0 |
| Timothy R Peters | Board Member Trustee or director | 3 | $7,000 | $0 |
| David A Harbison | Board Member Trustee or director | 4 | $6,750 | $0 |
| John Leighton | Board Member Trustee or director | 1 | $6,750 | $0 |
| Dana R Hatton | Board Member Trustee or director | 1 | $5,500 | $0 |
| Lawrence E Clark | Treasurer Trustee or director, Officer | 1 | $3,250 | $0 |
| John Larkin | Secretary Trustee or director, Officer | 2 | $3,250 | $0 |
| Earl Hill Jr | Vice President Trustee or director, Officer | 1 | $3,000 | $0 |
| Dwayne Young | Board Member Trustee or director | 2 | $1,500 | $0 |
| Ralph Staples | Vice President Trustee or director, Officer | 0 | $500 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Scott M Halowell | Chief Executive Officer Officer | 50 | $265,184 | $198,795 |
| Andrew M Tickle | Manager of Engineering Key employee, Highest-paid employee | 45 | $159,217 | $84,556 |
| Michael Carrier | Manager of Operations Key employee | 45 | $134,162 | $101,941 |
| Charles E McAlpin | Manager of Member Services Key employee | 45 | $136,023 | $83,552 |
| Elery Beale | Manager of Information Technology Key employee | 45 | $123,708 | $40,293 |
| Warren Moholland | Chief Financial Officer Officer | 45 | $115,858 | $36,699 |
| R Scott Skinner | President Trustee or director, Officer | 4 | $9,000 | $0 |
| John L Gallant | Board Member Trustee or director | 3 | $6,500 | $0 |
| David A Johnson | Board Member Trustee or director | 3 | $6,500 | $0 |
| David A Harbison | Board Member Trustee or director | 4 | $6,250 | $0 |
| Timothy R Peters | Board Member Trustee or director | 4 | $4,500 | $0 |
| Lawrence E Clark | Board Member Trustee or director | 1 | $3,250 | $0 |
| Dana R Hatton | Board Member Trustee or director | 1 | $3,250 | $0 |
| Earl Hill Jr | Secretary Trustee or director, Officer | 1 | $3,250 | $0 |
| John Larkin | Treasurer Trustee or director, Officer | 2 | $3,250 | $0 |
| John Leighton | Board Member Trustee or director | 1 | $1,750 | $0 |
| Ralph Staples | Vice President Trustee or director, Officer | 2 | $1,500 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 425, CALAIS, ME 04619-0425
- In care of
- % SCOTT HALLOWELL CONTROLLER
- Principal officer (990 for 2025)
- Warren Moholland, 21 Union St, Calais, ME 04619
- Signed the 990
- Warren Moholland, CFO
- Phone
- (207) 454-7555
- Website
- www.emec.com
Mission
Eastern Maine Electric Cooperative, Inc. (EMEC) is Maine's premiere consumer-owned utility providing low cost energy solutions and adding value to our member's quality of life through creative application of technology, capital and a dedicated workforce.
Program accomplishments
- Utility System Programs, General/Others" Delivery of Electric Power (13,194 Consumers)Expenses $20,265,948 · revenue $18,785,330
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0056837
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $56,330,249
- Income (IRS master file)
- $20,265,948
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $20,265,948 | $20,265,948 | $56,330,249 | XML |
| 990 | December 2024 | $18,379,788 | $18,379,788 | $54,786,062 | XML |
| 990 | December 2023 | $17,279,980 | $17,279,980 | $53,940,615 | XML |
| 990 | December 2022 | $16,866,575 | $16,866,575 | $52,505,943 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0056837).
Questions about EASTERN MAINE ELECTRIC COOPERATIVE INC
- What is the EIN of EASTERN MAINE ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of EASTERN MAINE ELECTRIC COOPERATIVE INC is 01-0056837.
- Is EASTERN MAINE ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1964.
- Are donations to EASTERN MAINE ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EASTERN MAINE ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EASTERN MAINE ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EASTERN MAINE ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of EASTERN MAINE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names Warren Moholland.
- Who are the officers and directors of EASTERN MAINE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $298,889 (Scott M Halowell, Chief Executive Officer).
- How much revenue does EASTERN MAINE ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $20,265,948, expenses of $20,265,948 and total assets of $56,330,249 at year end.
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