Nonprofit · EIN 55-0189745
HARRISON RURAL ELECTRIFICATION ASSOCIATION INC
Tax-exempt · CLARKSBURG, WV 26302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $22,119,895 | $13,420,663 | $8,699,232 | $54,498,325 | $20,267,520 | $34,230,805 |
| December 31, 2023 | 990 | $13,495,859 | $12,405,205 | $1,090,654 | $46,066,139 | $20,576,831 | $25,489,308 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,263,101
- of which government grants
- $7,263,101
- Program service revenue
- $14,881,183
- Investment income
- -$86,776
- Net gain from sales of assets
- -$96,453
- Other revenue
- $62,387
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $195,007
- Other salaries and wages
- $2,085,172
- Salaries, compensation and benefits (total)
- $2,849,340
- Professional fundraising fees
- $0
- Legal fees
- $2,695
- Accounting fees
- $29,250
- Occupancy
- $296,402
- Depreciation
- $1,706,074
Balance sheet and other
- Total assets, start of year
- $46,066,139
- Total assets, end of year
- $54,498,325
- Total liabilities, end of year
- $20,267,520
- Net assets, end of year
- $34,230,805
- Land, buildings and equipment
- $47,249,579
- Gross receipts
- $22,298,709
- Employees
- 23
- Year formed
- 1938
- State of legal domicile
- WV
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 |
|---|---|---|---|---|
| TERRY STOUT | CEO/GENERAL Officer | 40 | $167,257 | $73,598 |
| TY CHAPMAN | OPERATIONS M Highest-paid employee | – | $102,215 | $43,802 |
| GLENN COX JR | BOARD MEMBER Trustee or director | 1.25 | $7,500 | $0 |
| JEFF NELSON | BOARD MEMBER Trustee or director | 1.25 | $5,750 | $0 |
| C BROOKS SHARP | PRESIDENT Trustee or director, Officer | 1.25 | $3,250 | $0 |
| WILLIAM SUAN | BOARD MEMBER Trustee or director | 1.25 | $3,250 | $0 |
| GREG ROBERTSON | VICE PRESIDE Trustee or director, Officer | 1.25 | $3,000 | $0 |
| RONALD WATSON | BOARD MEMBER Trustee or director | 1.25 | $3,000 | $0 |
| PHILIP MACMILLAN | BOARD MEMBER Trustee or director | 1.25 | $2,000 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERRY STOUT | CEO/GENERAL Officer | 40 | $156,823 | $70,522 |
| C BROOKS SHARP | PRESIDENT Trustee or director, Officer | 1.25 | $7,000 | $0 |
| JEFF NELSON | BOARD MEMBER Trustee or director | 1.25 | $6,000 | $0 |
| RONALD WATSON | BOARD MEMBER Trustee or director | 1.25 | $4,750 | $0 |
| GREG ROBERTSON | VICE PRESIDE Trustee or director, Officer | 1.25 | $4,500 | $0 |
| GLEN COX JR | BOARD MEMBER Trustee or director | 1.25 | $4,250 | $0 |
| WILLIAM SUAN | BOARD MEMBER Trustee or director | 1.25 | $4,000 | $0 |
| PHILIP MACMILLAN | BOARD MEMBER Trustee or director | 1.25 | $3,250 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 4247, CLARKSBURG, WV 26302-4247
- Principal officer (990 for 2024)
- TERRY STOUT, 600 MARKET PLACE SUTIE 104 CHARLES, BRIDGEPORT, WV 26330
- Signed the 990
- TERRY STOUT, CEO/GENERAL MANAGER
- Phone
- (304) 624-6365
- Website
- WWW.HARRISONREA.COM
- Return prepared by
- BHM CPA GROUP INC
Mission
HARRISON RURAL ELECTRIFICATION ASSOCIATION'S (HREA) SOLE PURPOSE IS TO PROVIDE ITS MEMBERS WITH THE LOWEST COST ELECTRICITY AVAILABLE.
Program accomplishments
- 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.
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
- 55-0189745
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $54,498,325
- Income (IRS master file)
- $22,298,709
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $22,119,895 | $13,420,663 | $54,498,325 | IRS |
| 990 | December 2023 | $13,495,859 | $12,405,205 | $46,066,139 | XML |
| 990 | December 2022 | $14,627,050 | $13,251,312 | $43,135,007 | 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 55-0189745).
Questions about HARRISON RURAL ELECTRIFICATION ASSOCIATION INC
- What is the EIN of HARRISON RURAL ELECTRIFICATION ASSOCIATION INC?
- The employer identification number (EIN) of HARRISON RURAL ELECTRIFICATION ASSOCIATION INC is 55-0189745.
- Is HARRISON RURAL ELECTRIFICATION ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to HARRISON RURAL ELECTRIFICATION ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HARRISON RURAL ELECTRIFICATION ASSOCIATION 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 HARRISON RURAL ELECTRIFICATION ASSOCIATION 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 HARRISON RURAL ELECTRIFICATION ASSOCIATION 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 HARRISON RURAL ELECTRIFICATION ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names TERRY STOUT.
- Who are the officers and directors of HARRISON RURAL ELECTRIFICATION ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 9 received compensation from the organization, the highest $167,257 (TERRY STOUT, CEO/GENERAL).
- How much revenue does HARRISON RURAL ELECTRIFICATION ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $22,119,895, expenses of $13,420,663 and total assets of $54,498,325 at year end.
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