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New Enterprise Rural Electric Cooperative Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$9.24M (2023)

Expenses
$8.94M (2023)

Total Assets
$9.24M (2023)

Total Liabilities
$852k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,236,961
Expenses
$8,941,204
Net Income
$295,757
Net Assets
$8,391,276
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,002,768
97.5%
Investment Income $10,738
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $223,455
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $197,341
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,008,090
11.3%
Assets/Debt
Total Assets $9,242,992
Total Liabilities $851,716
Net Assets $8,391,276
Club or Co-Op Income
Income From Members $9,002,768
Income From Other Sources $10,738
Compensation
Key Employees and Officers Compensation Related Other
Mark Morrison (Manager/Ceo) $138,974 $0 $24,452
Curtis Brant (Treasurer) $5,865 $0 $0
David Bequeath (Secretary) $5,865 $0 $0
Mark Swope (Director) $5,865 $0 $0
Merle Helsel (Director & Assistant Sec'y) $5,355 $0 $0
Leroy Walls (President) $3,825 $0 $0
Tim Newman (Vice President) $3,570 $0 $0
Brian Mccoy (Director) $3,570 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,051,973
Expenses
$8,057,748
Net Income
$994,225
Net Assets
$8,095,474
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,483,398
93.7%
Investment Income $12,173
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $556,402
6.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $175,571
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $928,994
11.5%
Assets/Debt
Total Assets $8,701,226
Total Liabilities $605,752
Net Assets $8,095,474
Club or Co-Op Income
Income From Members $8,558,922
Income From Other Sources $12,173
Compensation
Key Employees and Officers Compensation Related Other
Mark Morrison (Manager/Ceo) $124,304 $0 $21,177
Merle Helsel (Director & Assistant Sec'y) $6,885 $0 $0
Curtis Brant (Treasurer) $5,355 $0 $0
David Bequeath (Secretary) $5,355 $0 $0
Tim Newman (Vice President) $5,100 $0 $0
Leroy Walls (President) $4,080 $0 $0
Brian Mccoy (Director) $2,295 $0 $0
Robert Guyer (Director) $1,020 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,515,711
Expenses
$7,986,392
Net Income
$529,319
Net Assets
$4,619,540
Notable Sources of Revenue Percent of Total Revenue
Contributions $272,042
3.2%
Program Services $8,198,265
96.3%
Investment Income $7,875
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $37,529
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $144,949
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $902,218
11.3%
Assets/Debt
Total Assets $5,292,225
Total Liabilities $672,685
Net Assets $4,619,540
Club or Co-Op Income
Income From Members $8,198,265
Income From Other Sources $317,446
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Morrison (Manager/Ceo) $118,953 $0 $0
David Bequeath (Secretary) $4,078 $0 $0
Tim Newman (Vice President) $4,078 $0 $0
Leroy Walls (President) $3,568 $0 $0
Curtis Brant (Treasurer) $3,568 $0 $0
Mark Swope (Director) $3,568 $0 $0
Robert Guyer (Director) $3,568 $0 $0
Merle Helsel (Director & Assistant Sec'y) $3,568 $0 $0

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Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,540,194
Expenses
$7,063,554
Net Income
$476,640
Net Assets
$3,493,096
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,522,170
99.8%
Investment Income $15,024
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,000
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $137,465
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $855,437
12.1%
Assets/Debt
Total Assets $4,429,038
Total Liabilities $935,942
Net Assets $3,493,096
Club or Co-Op Income
Income From Members $7,537,066
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Morrison (Manager/Ceo) $115,160 $0 $22,305
Mark Swope (Director) $4,549 $0 $0
Curtis Brant (Treasurer) $4,296 $0 $0
Merle Helsel (Director & Assistant Sec'y) $4,296 $0 $0
David Bequeath (Secretary) $3,791 $0 $0
Leroy Walls (President) $3,518 $0 $0
Tim Newman (Vice President) $3,285 $0 $0
Robert Guyer (Director) $3,285 $0 $0

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Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,571,789
Expenses
$6,569,815
Net Income
$1,974
Net Assets
$3,028,645
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,556,018
99.8%
Investment Income $15,771
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $29,248
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $973,486
14.8%
Assets/Debt
Total Assets $3,689,867
Total Liabilities $661,222
Net Assets $3,028,645
Club or Co-Op Income
Income From Members $6,567,306
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Morrison (Manager/Ceo) $105,027 $0 $44,443
Merle Helsel (Director & Assistant Sec'y) $5,803 $0 $0
Curtis Brant (Treasurer) $5,550 $0 $0
David Bequeath (Secretary) $4,792 $0 $0
Robert Guyer (Director) $4,792 $0 $0
Tim Newman (Vice President) $3,781 $0 $0
Leroy Walls (President) $3,276 $0 $0
Mark Swope (Director) $1,254 $0 $0

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Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,482,744
Expenses
$6,314,653
Net Income
$168,091
Net Assets
$2,773,123
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,469,436
99.8%
Investment Income $10,397
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,911
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $171,951
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $772,508
12.2%
Assets/Debt
Total Assets $3,448,085
Total Liabilities $674,962
Net Assets $2,773,123
Club or Co-Op Income
Income From Members $6,482,744
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Mark Morrison (Manager/Ceo) $98,680 $0 $43,238
Robert Guyer (Treasurer) $5,094 $0 $0
Curtis Brant (Director) $4,851 $0 $0
Merle Helsel (Director & Assistant Sec'y) $4,851 $0 $0
David Bequeath (Vice President) $4,608 $0 $0
Leroy Walls (President) $4,572 $0 $0
Timothy Newman (Secretary) $3,150 $0 $0
John Dively (Director) $2,907 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,020,729
Expenses
$6,064,491
Net Income
-$43,762
Net Assets
$2,682,436
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,009,656
99.8%
Investment Income $8,563
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,510
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $322,503
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $767,583
12.7%
Assets/Debt
Total Assets $3,489,626
Total Liabilities $807,190
Net Assets $2,682,436
Club or Co-Op Income
Income From Members $6,020,729
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rick Eichelberger (Manager/Ceo Former) $194,528 $0 $56,785
Mark Morrison (Manager/Ceo) $30,199 $0 $6,593
David Bequeath (Vice President) $7,254 $0 $0
Merle Helsel (Director) $6,552 $0 $0
Curtis Brant (Director) $6,318 $0 $0
Timothy Newman (Secretary) $5,382 $0 $0
Robert Guyer (Treasurer) $4,680 $0 $0
Leroy Walls (President) $3,042 $0 $0
John Dively (Director & Assistant Sec'y) $1,170 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,013,883
Expenses
$6,181,292
Net Income
-$167,409
Net Assets
$2,855,122
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,003,056
99.8%
Investment Income $10,827
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $260,808
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $755,631
12.2%
Assets/Debt
Total Assets $3,619,643
Total Liabilities $764,521
Net Assets $2,855,122
Club or Co-Op Income
Income From Members $6,013,883
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rick Eichelberger (Manager/Ceo) $181,289 $0 $48,919
David Bequeath (Vice President) $5,175 $0 $0
Merle Helsel (Director) $5,175 $0 $0
Robert Guyer (Treasurer) $4,500 $0 $0
Curtis Brant (Director) $4,500 $0 $0
John Dively (Director & Assistant Sec'y) $4,050 $0 $0
Leroy Walls (President) $3,825 $0 $0
Timothy Newman (Secretary) $3,375 $0 $0

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Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,109,407
Expenses
$6,165,519
Net Income
-$56,112
Net Assets
$3,120,314
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,093,393
99.7%
Investment Income $8,514
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,500
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $237,104
3.8%
Professional Fundraising Fees $0
Other Salaries and Wages $722,059
11.7%
Assets/Debt
Total Assets $3,894,798
Total Liabilities $774,484
Net Assets $3,120,314
Club or Co-Op Income
Income From Members $6,109,407
Income From Other Sources $7,500
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rick Eichelberger (Manager/Ceo) $168,011 $0 $44,493
David Bequeath (Vice President) $4,312 $0 $0
John Dively (Director & Assistant Sec'y) $4,104 $0 $0
Merle Helsel (Director) $4,104 $0 $0
Robert Guyer (Treasurer) $4,096 $0 $0
Dean Brant (Director) $2,800 $0 $0
Leroy Walls (President) $2,592 $0 $0
Timothy Newman (Director Secretary) $2,592 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,119,370
Expenses
$6,336,535
Net Income
-$217,165
Net Assets
$3,178,571
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,103,979
99.7%
Investment Income $8,391
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,000
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $220,264
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $675,869
10.7%
Assets/Debt
Total Assets $4,013,288
Total Liabilities $834,717
Net Assets $3,178,571
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rick Eichelberger (Manager/Ceo) $157,065 $0 $40,111
Robert Guyer (Treasurer) $4,160 $0 $0
David Bequeath (Vice President) $4,160 $0 $0
Dean Brant (Director) $4,160 $0 $0
John Dively (Director & Assistant Sec'y) $3,744 $0 $0
Timothy Newman (Director Secretary) $2,704 $0 $0
Leroy Walls (President) $2,288 $0 $0
Merle Helsel (Director) $1,872 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,026,169
Expenses
$5,987,144
Net Income
$39,025
Net Assets
$3,281,657
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,017,256
99.9%
Investment Income $8,913
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $219,697
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $620,082
10.4%
Assets/Debt
Total Assets $4,139,619
Total Liabilities $857,962
Net Assets $3,281,657
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Rick Eichelberger (Manager/Ceo) $151,959 $0 $44,538
Robert Guyer (Ass't Secy & Dir) $4,000 $0 $0
David Bequeath (Director & Vp) $4,000 $0 $0
Dean L Brant (Director & Treas) $4,000 $0 $0
John Dively (Director & Sec'y) $3,600 $0 $0
Ellis Sollenberger (Director) $2,600 $0 $0
Timothy Newman (Director) $2,600 $0 $0
Leroy Walls (President) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,713,688
Expenses
$6,326,795
Net Income
-$613,107
Net Assets
$3,239,959
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,704,515
99.8%
Investment Income $9,173
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $208,930
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $624,798
9.9%
Assets/Debt
Total Assets $3,663,865
Total Liabilities $423,906
Net Assets $3,239,959
Club or Co-Op Income
Income From Members $5,074,515
Income From Other Sources $9,173

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,477,113
Expenses
$6,192,847
Net Income
-$715,734
Net Assets
$3,385,690
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,462,926
99.7%
Investment Income $10,590
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,597
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $199,098
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $628,802
10.2%
Assets/Debt
Total Assets $3,722,677
Total Liabilities $336,987
Net Assets $3,385,690
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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