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HARRISON RURAL ELECTRIFICATION ASSO

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Public nonprofit record

HARRISON RURAL ELECTRIFICATION ASSO

EIN 55-0189745 · Mutual & Membership Benefit (Y)

What they do

HARRISON RURAL ELECTRIFICATION ASSOCIATIONS (HREA) SOLE PURPOSE is to PROVIDE ITS MEMBERS WITH THE LOWEST COST ELECTRICITY AVAILABLE.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$22,119,895
Expenses$13,420,663
Annual surplus $8,699,232 Revenue was higher than expenses for this filing year.
Revenue$22,119,895
Expenses$13,420,663
Assets$54,498,325
Income$22,298,709
Contributions$7,263,101
Accounting fees$29,250
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
TERRY STOUTCEO/GENERAL · 40 hrs/week $240,855Base $167,257 · Other $73,598
TY CHAPMANOPERATIONS M $146,017Base $102,215 · Other $43,802
GLENN COX JRBOARD MEMBER · 1 hrs/week $7,500
JEFF NELSONBOARD MEMBER · 1 hrs/week $5,750
C BROOKS SHARPPRESIDENT · 1 hrs/week $3,250
WILLIAM SUANBOARD MEMBER · 1 hrs/week $3,250
GREG ROBERTSONVICE PRESIDE · 1 hrs/week $3,000
RONALD WATSONBOARD MEMBER · 1 hrs/week $3,000
PHILIP MACMILLANBOARD MEMBER · 1 hrs/week $2,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (9)

TERRY STOUTCEO/GENERAL

TY CHAPMANOPERATIONS M

GLENN COX JRBOARD MEMBER

JEFF NELSONBOARD MEMBER

C BROOKS SHARPPRESIDENT

WILLIAM SUANBOARD MEMBER

GREG ROBERTSONVICE PRESIDE

RONALD WATSONBOARD MEMBER

PHILIP MACMILLANBOARD MEMBER

About this charity

Recognized since
January 1938
Location
600 MARKET PLACE SUITE 104, BRIDGEPORT, WV 26330
County
Harrison
In care of
TERRY STOUT
Primary officer
TERRY STOUT, CEO/GENERAL MANAGER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
BHM CPA GROUP INC
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
12
Affiliation
3
Classification
4000
Deductibility
2
Activity
279904000
Organization
3
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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