Harrison County Rural Electric Cooperative

Organization Overview

Harrison County Rural Electric Cooperative is located in Woodbine, IA. The organization was established in 1939. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Harrison County Rural Electric Cooperative employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harrison County Rural Electric Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Harrison County Rural Electric Cooperative generated $13.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $13.1m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ELECTRIC AND RELATED SERVICES TO RURAL COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,431 MEMBERS, ADDED 12.50 MILES OF LINE AND REMOVED 7.20 MILES OF LINE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Watts Electric Company
Contract Labor Wo 13223
$350,734
Wesco Distribution Inc
Neutral Splice Wo 13223
$313,792
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$13,579,407
Investment income $28,556
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,100
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $40,863
Miscellaneous Revenue$0
Total Revenue $13,659,429

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