Nonprofit · EIN 02-0172119
NEW HAMPSHIRE ELECTRIC COOPERATIVE INC
Tax-exempt · PLYMOUTH, NH 03264
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $199,582,508 | $203,382,732 | -$3,800,224 | $466,025,225 | $310,927,503 | $155,097,722 |
| December 31, 2024 | 990 | $176,002,857 | $179,254,679 | -$3,251,822 | $417,557,785 | $269,943,949 | $147,613,836 |
| December 31, 2023 | 990 | $183,216,707 | $185,643,480 | -$2,426,773 | $360,411,315 | $216,398,697 | $144,012,618 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $199,410,079
- Investment income
- $4,866
- Net rental income
- $43,226
- Other revenue
- $167,563
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $11,284,077
- Compensation of officers, directors and key employees
- $2,637,087
- Other salaries and wages
- $16,264,950
- Salaries, compensation and benefits (total)
- $28,593,613
- Professional fundraising fees
- $0
- Legal fees
- $291,903
- Accounting fees
- $59,250
- Occupancy
- $6,998,524
- Travel
- $113,059
- Depreciation
- $16,779,278
Balance sheet and other
- Total assets, start of year
- $417,557,785
- Total assets, end of year
- $466,025,225
- Total liabilities, end of year
- $310,927,503
- Net assets, end of year
- $155,097,722
- Land, buildings and equipment
- $369,293,272
- Gross receipts
- $199,617,282
- Employees
- 256
- Year formed
- 1939
- State of legal domicile
- NH
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 |
|---|---|---|---|---|
| MICHAEL JENNINGS | CEO Officer | 56 | $407,037 | $101,138 |
| JOSHUA MAZZEI | VP OF OPERAT Key employee | 49 | $266,695 | $102,695 |
| CARLA MUNOZ | VP OF PEOPLE Key employee | 47 | $261,467 | $102,788 |
| KRISTEN TAYLOR | CFO/VP OF FI Officer | 47 | $249,367 | $104,572 |
| PETER GLENSHAW | VP OF MEMBER Key employee | 44 | $249,166 | $50,469 |
| COLIN MANNING | DIR. COMM/GO Highest-paid employee | 41 | $190,563 | $88,125 |
| LUKE CROTEAU | DIRECTOR OF Highest-paid employee | 60 | $190,910 | $76,087 |
| CHRISTINE ALEXANDER | DIR OF PEOPL Highest-paid employee | 43 | $181,413 | $84,342 |
| ROBERT HOWLAND | DIR. OF ENER Highest-paid employee | 41 | $186,617 | $78,636 |
| JAMES HORAN | DIRECTOR OF Highest-paid employee | 42 | $189,220 | $74,375 |
| SONJA GONZALEZ | VP OF INFO. Key employee | 46 | $165,474 | $64,103 |
| ALYSSA CLEMSEN ROBERTS | CEO-RESIGNED Officer | 73 | $130,552 | $27,110 |
| JOSHUA HOLBROOK | CHIEF BROADB Officer | 42 | $73,104 | $0 |
| WILLIAM DARCY | BOARD CHAIR Trustee or director, Officer | 28 | $44,050 | $0 |
| JERRY STRINGHAM | TREASURER Trustee or director, Officer | 7 | $29,750 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALANA ALBEE | VICE CHAIR Trustee or director, Officer | 4 | $26,400 |
| THOMAS MONGEON | DIRECTOR Trustee or director | 6 | $24,600 |
| PATRICIA BARBOUR | DIRECTOR Trustee or director | 4 | $23,500 |
| JEFFREY MORRILL | SECRETARY Trustee or director, Officer | 4 | $23,400 |
| PETER LAUFENBERG | DIRECTOR Trustee or director | 3 | $22,950 |
| LEO DWYER | ASSISTANT TR Trustee or director, Officer | 5 | $21,900 |
| JOHN GOODRICH | DIRECTOR Trustee or director | 4 | $20,900 |
| HARRY VEINS | DIRECTOR Trustee or director | 5 | $19,400 |
| ROBERT MACLEOD | DIRECTOR Trustee or director | 2 | $12,350 |
| CAROLYN KEDERSHA | DIRECTOR Trustee or director | 8 | $12,150 |
990 for the year ended December 31, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALYSSA CLEMSEN ROBERTS | CEO Officer | 54 | $483,751 | $137,540 |
| MICHAEL JENNINGS | VP- ENERGY D Key employee | 51 | $270,772 | $94,317 |
| KRISTEN TAYLOR | CFO/VP OF FI Officer | 50 | $238,829 | $104,901 |
| CARLA MUNOZ | VP OF PEOPLE Key employee | 48 | $236,662 | $102,191 |
| SONJA GONZALEZ | VP OF INFO. Key employee | 44 | $237,483 | $94,470 |
| JOSHUA MAZZEI | VP OF OPERAT Key employee | 52 | $232,325 | $94,166 |
| JOSEPH COUTURE | LINEWORKER Highest-paid employee | 60 | $202,831 | $76,304 |
| COLIN MCDONOUGH | LINEWORKER Highest-paid employee | 59 | $196,876 | $71,451 |
| PETER GLENSHAW | VP OF MEMBER Key employee | 42 | $238,186 | $23,926 |
| JAMES HORAN | DIRECTOR OF Highest-paid employee | 44 | $187,517 | $66,220 |
| JOSHUA COLLIER | LINEWORKER Highest-paid employee | 59 | $186,248 | $61,581 |
| JEREMY CLAAR | LINEWORKER Highest-paid employee | 60 | $204,506 | $38,241 |
| WILLIAM DARCY | BOARD CHAIR Trustee or director, Officer | 20 | $38,500 | $0 |
| THOMAS MONGEON | ASSISTANT TR Trustee or director, Officer | 7 | $28,350 | $0 |
| ALANA ALBEE | VICE CHAIR Trustee or director, Officer | 3 | $25,400 | $0 |
| LEO DWYER | DIRECTOR Trustee or director | 7 | $24,950 | $0 |
| JEFFREY MORRILL | SECRETARY Trustee or director, Officer | 6 | $24,700 | $0 |
| CAROLYN KEDERSHA | DIRECTOR Trustee or director | 8 | $15,700 | $8,500 |
| HARRY VEINS | DIRECTOR Trustee or director | 5 | $22,250 | $0 |
| JERRY STRINGHAM | TREASURER Trustee or director, Officer | 6 | $18,100 | $0 |
| PATRICIA BARBOUR | DIRECTOR Trustee or director | 4 | $15,800 | $0 |
| EDWARD FRENCH | DIRECTOR Trustee or director | 10 | $14,700 | $0 |
| SHARON DAVIS | DIRECTOR Trustee or director | 4 | $13,500 | $0 |
| PETER LAUFENBERG | DIRECTOR Trustee or director | 4 | $13,100 | $0 |
| JOHN GOODRICH | DIRECTOR Trustee or director | 5 | $12,600 | $0 |
| MADELINE MCELANEY | DIRECTOR Trustee or director | 5 | $12,050 | $0 |
| BRENDA BOISVERT | DIRECTOR Trustee or director | 4 | $11,000 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALYSSA CLEMSEN ROBERTS | CEO Officer | 52 | $472,335 | $111,414 |
| JAMES BAKAS | COO Officer | 50 | $289,601 | $47,476 |
| MICHAEL JENNINGS | VP OF POWER Key employee | 52 | $251,461 | $73,482 |
| JOSHUA MAZZEI | VP OF OPERAT Key employee | 49 | $201,400 | $78,666 |
| KRISTEN TAYLOR | CFO/VP OF FI Officer | 48 | $204,387 | $61,102 |
| DENNIS WESTERN | DIRECTOR OF Highest-paid employee | 41 | $177,671 | $54,219 |
| BRIAN JERRY | WORKING FORE Highest-paid employee | 56 | $174,895 | $52,539 |
| CARLA MUNOZ | VP OF PEOPLE Key employee | 46 | $204,545 | $21,695 |
| JONATHAN NELSON | VP OF BROADB Key employee | 41 | $170,720 | $52,982 |
| JEREMY CLAAR | LINEWORKER Highest-paid employee | 56 | $171,428 | $31,234 |
| ROBERT HOWLAND | DIR. OF POWE Highest-paid employee | 42 | $161,882 | $38,349 |
| JEFFREY MCKENZIE | DISTRICT REP Highest-paid employee | 52 | $164,698 | $13,420 |
| BRIAN CALLNAN | VP OF POWER Institutional trustee | 44 | $117,261 | $35,754 |
| SONJA GONZALEZ | CIO Institutional trustee | 41 | $129,869 | $16,766 |
| PETER GLENSHAW | VP OF MEMBER Institutional trustee | 40 | $116,238 | $1,127 |
| WILLIAM DARCY | DIRECTOR Trustee or director | 13 | $35,300 | $0 |
| EDWARD FRENCH | TREASURER Trustee or director, Officer | 7 | $34,400 | $0 |
| SHARON DAVIS | BOARD CHAIR Trustee or director, Officer | 7 | $33,300 | $0 |
| THOMAS MONGEON | DIRECTOR Trustee or director | 8 | $33,200 | $0 |
| MADELINE MCELANEY | VICE CHAIR Trustee or director, Officer | 11 | $30,750 | $0 |
| CAROLYN KEDERSHA | ASSISTANT TR Trustee or director, Officer | 7 | $8,200 | $22,500 |
| JEFFREY MORRILL | DIRECTOR Trustee or director | 4 | $28,600 | $0 |
| BRENDA BOISVERT | SECRETARY Trustee or director, Officer | 4 | $26,550 | $0 |
| HARRY VEINS | DIRECTOR Trustee or director | 7 | $26,300 | $0 |
| ALANA ALBEE | DIRECTOR Trustee or director | 3 | $25,050 | $0 |
| LEO DWYER | DIRECTOR Trustee or director | 5 | $24,450 | $0 |
Address and contacts
- Address (IRS master file)
- 579 TENNEY MOUNTAIN HWY, PLYMOUTH, NH 03264-3154
- Principal officer (990 for 2025)
- MICHAEL JENNINGS, 579 TENNEY MOUNTAIN HIGHWAY, PLYMOUTH, NH 03264
- Signed the 990
- MICHAEL JENNINGS, CEO
- Phone
- (603) 536-1800
- Website
- WWW.NHEC.COM
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
OUR MISSION IS TO PROVIDE OUR MEMBERS WITH AFFORDABLE AND RELIABLE ELECTRIC AND BROADBAND SERVICE.
Program accomplishments
- ALL RECEIPTS FROM SALE OF ELECTRIC ENERGY AND RELATED SERVICE ACTIVITIES IN EXCESS OF OPERATING COSTS ARE RECEIVED WITH THE UNDERSTANDING THAT IT IS FURNISHED BY THE PATRONS AS CAPITAL. THIS CAPITAL SHALL BE ALLOCATED TO THE COOPERATIVE MEMBER ON A PATRONAGE BASIS. CURRENTLY, NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC. PROVIDES ELECTRIC ENERGY TO APPROXIMATELY 85,000 ACTIVE MEMBER SERVICES THROUGHOUT NEW HAMPSHIRE.
- THE BROADBAND DIVISION, A SINGLE MEMBER LLC, PROVIDES BROADBAND INTERNET SERVICES THROUGH THE CONSTRUCTION OF A FIBER-OPTIC NETWORK.
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
- 02-0172119
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $466,025,225
- Income (IRS master file)
- $199,617,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $199,582,508 | $203,382,732 | $466,025,225 | IRS |
| 990 | December 2024 | $176,002,857 | $179,254,679 | $417,557,785 | IRS |
| 990 | December 2023 | $183,216,707 | $185,643,480 | $360,411,315 | XML |
| 990 | December 2022 | $186,063,964 | $187,535,765 | $326,303,689 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 02-0172119).
Questions about NEW HAMPSHIRE ELECTRIC COOPERATIVE INC
- What is the EIN of NEW HAMPSHIRE ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of NEW HAMPSHIRE ELECTRIC COOPERATIVE INC is 02-0172119.
- Is NEW HAMPSHIRE ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1971.
- Are donations to NEW HAMPSHIRE ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW HAMPSHIRE 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 NEW HAMPSHIRE 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 NEW HAMPSHIRE 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 NEW HAMPSHIRE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names MICHAEL JENNINGS.
- Who are the officers and directors of NEW HAMPSHIRE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 25 people; 25 received compensation from the organization, the highest $407,037 (MICHAEL JENNINGS, CEO).
- How much revenue does NEW HAMPSHIRE ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $199,582,508, expenses of $203,382,732 and total assets of $466,025,225 at year end.
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