Nonprofit · EIN 23-0913675
NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE INC
Tax-exempt · NEW ENTRPRISE, PA 16664
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,197,237 | $8,802,917 | $1,394,320 | $10,374,954 | $589,308 | $9,785,646 |
| December 31, 2023 | 990 | $9,236,961 | $8,941,204 | $295,757 | $9,242,992 | $851,716 | $8,391,276 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,694,234
- Investment income
- $44,931
- Net gain from sales of assets
- $18,299
- Other revenue
- $458,072
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $174,366
- Compensation of officers, directors and key employees
- $251,297
- Other salaries and wages
- $1,173,004
- Salaries, compensation and benefits (total)
- $2,113,231
- Professional fundraising fees
- $0
- Accounting fees
- $14,120
- Travel
- $77,317
- Depreciation
- $303,338
Balance sheet and other
- Total assets, start of year
- $9,242,992
- Total assets, end of year
- $10,374,954
- Total liabilities, end of year
- $589,308
- Net assets, end of year
- $9,785,646
- Land, buildings and equipment
- $4,401,148
- Publicly traded securities
- $3,730
- Gross receipts
- $10,197,237
- Employees
- 14
- Volunteers
- 0
- Year formed
- 1938
- State of legal domicile
- PA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK MORRISON | MANAGER/CEO Officer | 40 | $150,658 | $69,604 |
| RANDY WALKER | LINEMAN Highest-paid employee | 46 | $119,453 | $49,152 |
| MICHAEL SHAWLEY | OUTSIDE OPERATIONS MANAGER Highest-paid employee | 41 | $107,384 | $57,253 |
| ROMAN DELL | LINEMAN Highest-paid employee | 45 | $110,596 | $47,853 |
| ZACHARY CONLEY | LINEMAN Highest-paid employee | 45 | $110,482 | $44,564 |
| MARK REPLOGLE | CREW CHIEF Highest-paid employee | 41 | $101,226 | $49,976 |
| CONNER KAGARISE | LINEMAN Highest-paid employee | 47 | $106,404 | $42,819 |
| MARK SWOPE | DIRECTOR Trustee or director | 3 | $6,000 | $0 |
| CURTIS BRANT | TREASURER Trustee or director, Officer | 3 | $5,100 | $0 |
| MERLE HELSEL | DIRECTOR & ASSISTANT SEC'Y Trustee or director, Officer | 3 | $5,100 | $0 |
| DAVID BEQUEATH | SECRETARY Trustee or director, Officer | 3 | $4,845 | $0 |
| LEROY WALLS | PRESIDENT Trustee or director, Officer | 3 | $3,615 | $0 |
| TIM NEWMAN | VICE PRESIDENT Trustee or director, Officer | 3 | $3,315 | $0 |
| BRIAN MCCOY | DIRECTOR Trustee or director | 3 | $3,060 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK MORRISON | MANAGER/CEO Officer | 50 | $138,974 | $24,452 |
| CURTIS BRANT | TREASURER Trustee or director, Officer | 3 | $5,865 | $0 |
| DAVID BEQUEATH | SECRETARY Trustee or director, Officer | 3 | $5,865 | $0 |
| MARK SWOPE | DIRECTOR Trustee or director | 3 | $5,865 | $0 |
| MERLE HELSEL | DIRECTOR & ASSISTANT SEC'Y Trustee or director, Officer | 3 | $5,355 | $0 |
| LEROY WALLS | PRESIDENT Trustee or director, Officer | 3 | $3,825 | $0 |
| TIM NEWMAN | VICE PRESIDENT Trustee or director, Officer | 3 | $3,570 | $0 |
| BRIAN MCCOY | DIRECTOR Trustee or director | 3 | $3,570 | $0 |
Address and contacts
- Address (IRS master file)
- 3596 BRUMBAUGH RD, NEW ENTRPRISE, PA 16664-8814
- Principal officer (990 for 2024)
- MARK MORRISON, 3596 BRUMBAUGH ROAD, NEW ENTERPRISE, PA 16664
- Signed the 990
- MARK MORRISON, MANAGER/CEO
- Phone
- (814) 766-3221
- Return prepared by
- FIORE FEDELI SNYDER CAROTHERS LLP
Mission
PROVIDING AFFORDABLE ELECTRICITY TO MEMBERS
Program accomplishments
- 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.Expenses $8,810,697 · revenue $10,170,605
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 | Not 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
- 23-0913675
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $10,374,954
- Income (IRS master file)
- $10,197,237
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,197,237 | $8,802,917 | $10,374,954 | XML |
| 990 | December 2023 | $9,236,961 | $8,941,204 | $9,242,992 | XML |
| 990 | December 2022 | $9,051,973 | $8,057,748 | $8,701,226 | 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 23-0913675).
Questions about NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE INC
- What is the EIN of NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE INC is 23-0913675.
- Is NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW ENTERPRISE RURAL 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 ENTERPRISE RURAL ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names MARK MORRISON.
- Who are the officers and directors of NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 14 received compensation from the organization, the highest $150,658 (MARK MORRISON, MANAGER/CEO).
- How much revenue does NEW ENTERPRISE RURAL ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,197,237, expenses of $8,802,917 and total assets of $10,374,954 at year end.
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