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Harrison Rural Electrification Association 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
$13.5M (2023)

Expenses
$12.4M (2023)

Total Assets
$46.1M (2023)

Total Liabilities
$20.6M (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
$13,495,859
Expenses
$12,405,205
Net Income
$1,090,654
Net Assets
$25,489,308
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,458,448
99.7%
Investment Income $9,472
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$49,507
Net Inventory Sales $0
Other Revenue $77,446
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $190,573
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,813,388
14.6%
Assets/Debt
Total Assets $46,066,139
Total Liabilities $20,576,831
Net Assets $25,489,308
Club or Co-Op Income
Income From Members $13,458,448
Income From Other Sources $77,446
Compensation
Key Employees and Officers Compensation Related Other
Terry Stout (Ceo/General) $156,823 $0 $70,522
C Brooks Sharp (President) $7,000 $0 $0
Jeff Nelson (Board Member) $6,000 $0 $0
Ronald Watson (Board Member) $4,750 $0 $0
Greg Robertson (Vice Preside) $4,500 $0 $0
Glen Cox Jr (Board Member) $4,250 $0 $0
William Suan (Board Member) $4,000 $0 $0
Philip Macmillan (Board Member) $3,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,627,050
Expenses
$13,251,312
Net Income
$1,375,738
Net Assets
$24,191,730
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,688,056
> 100%
Investment Income $9,472
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$156,090
Net Inventory Sales $0
Other Revenue $85,612
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $191,772
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,794,336
13.5%
Assets/Debt
Total Assets $43,135,007
Total Liabilities $18,943,277
Net Assets $24,191,730
Club or Co-Op Income
Income From Members $14,688,056
Income From Other Sources $88,612
Compensation
Key Employees and Officers Compensation Related Other
Terry Stout (Ceo/General) $160,072 $0 $64,134
Sam Satterfield (Operations M) $114,253 $0 $55,566
Glen Cox Jr (Board Member) $6,600 $0 $0
Ronald Watson (Board Member) $5,500 $0 $0
Philip Macmillan (Board Member) $5,000 $0 $0
Jeff Nelson (Board Member) $4,250 $0 $0
C Brooks Sharp (President) $4,000 $0 $0
William Suan (Board Member) $3,250 $0 $0
Greg Robertson (Vice Preside) $3,100 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,386,396
Expenses
$12,876,944
Net Income
$1,509,452
Net Assets
$22,609,303
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,326,305
99.6%
Investment Income $9,466
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$18,791
Net Inventory Sales $0
Other Revenue $69,416
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $171,584
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,485,618
11.5%
Assets/Debt
Total Assets $39,716,529
Total Liabilities $17,107,226
Net Assets $22,609,303
Club or Co-Op Income
Income From Members $14,326,305
Income From Other Sources $81,515
Compensation
Key Employees and Officers Compensation Related Other
Terry Stout (Ceo/General) $143,505 $0 $62,746
Sam Satterfield (Operations M) $112,001 $0 $55,618
Glen Cox Jr (Director) $6,217 $0 $0
Ronald Watson (President) $4,556 $0 $0
Philip Macmillan (Director) $4,281 $0 $0
Jeff Nelson (Director) $3,775 $0 $0
Greg Robertson (Secretary/Tr) $3,500 $0 $0
William Suan (Director) $3,250 $0 $0
C Brooks Sharp (Vice Preside) $2,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,765,881
Expenses
$12,163,902
Net Income
$1,601,979
Net Assets
$20,907,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,676,945
99.4%
Investment Income $9,478
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,324
0.0%
Net Inventory Sales $0
Other Revenue $74,134
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $288,642
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,973,236
24.4%
Assets/Debt
Total Assets $36,681,796
Total Liabilities $15,774,138
Net Assets $20,907,658
Club or Co-Op Income
Income From Members $13,676,945
Income From Other Sources $88,936
Compensation
Key Employees and Officers Compensation Related Other
Terry Stout (Ceo/General) $137,033 $0 $54,802
Ronald Watson (Vice Preside) $8,095 $0 $0
Jeff Nelson (President) $7,634 $0 $0
Philip Macmillan (Director) $6,259 $0 $0
C Brooks Sharp (Secretary/Tr) $5,668 $0 $0
Greg Robertson (Director) $4,750 $0 $0
Glen Cox Jr (Director) $4,250 $0 $0
William Suan (Director) $4,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,443,473
Expenses
$13,707,986
Net Income
$735,487
Net Assets
$19,458,817
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,308,995
99.1%
Investment Income $9,476
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $41,850
0.3%
Net Inventory Sales $0
Other Revenue $83,152
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $269,849
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,502,118
11.0%
Assets/Debt
Total Assets $35,554,176
Total Liabilities $16,095,359
Net Assets $19,458,817
Club or Co-Op Income
Income From Members $14,308,995
Income From Other Sources $134,478
Compensation
Key Employees and Officers Compensation Related Other
Terry Stout (Ceo/General) $127,689 $0 $51,819
Sam Satterfield (Operations M) $109,135 $0 $47,817
Greg Robertson (Director) $8,293 $0 $0
Ronald Watson (Vice Preside) $6,883 $0 $0
Jeff Nelson (President) $6,187 $0 $0
Philip Macmillan (Director) $4,342 $0 $0
C Brooks Sharp (Secretary/Tr) $4,000 $0 $0
James Stuart (Director) $1,250 $0 $0
Glen Cox Jr (Director) $1,070 $0 $0
William Suan (Director) $1,000 $0 $0

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Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,494,118
Expenses
$13,847,014
Net Income
$1,647,104
Net Assets
$18,418,519
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,337,820
99.0%
Investment Income $8,753
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $36,889
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $110,656
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $263,183
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,337,241
9.7%
Assets/Debt
Total Assets $36,307,202
Total Liabilities $17,888,683
Net Assets $18,418,519
Club or Co-Op Income
Income From Members $15,337,820
Income From Other Sources $156,298
Compensation
Key Employees and Officers Compensation Related Other
Terry Stout (Ceo/General) $129,766 $0 $41,611
Sam Satterfield (Operations M) $110,689 $0 $46,480
Ronald Watson (Secretary/Tr) $5,130 $0 $0
Greg Robertson (Director) $4,592 $0 $0
Philip Macmillan (President) $4,286 $0 $0
C B Sharp (Director) $2,600 $0 $0
James Stuart (Director) $2,600 $0 $0
Jeff Nelson (Vice Preside) $2,520 $0 $0
Glenn Cox Jr (Director) $1,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,155,303
Expenses
$12,774,694
Net Income
$1,380,609
Net Assets
$16,793,640
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,781,614
97.4%
Investment Income $9,735
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $257,366
1.8%
Net Fundraising $0
Sales of Assets $666
0.0%
Net Inventory Sales $0
Other Revenue $105,922
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $140,461
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,463,762
11.5%
Assets/Debt
Total Assets $36,166,152
Total Liabilities $19,372,512
Net Assets $16,793,640
Club or Co-Op Income
Income From Members $13,781,614
Income From Other Sources $373,689
Compensation
Key Employees and Officers Compensation Related Other
Terry Stout (General Mana) $120,060 $0 $36,671
Ronald Watson (Director) $4,355 $0 $0
C B Sharp (Director) $3,650 $0 $0
Philip Macmillan (Vice Preside) $3,517 $0 $0
Greg Robertson (Director) $3,354 $0 $0
Jeff Nelson (Secretary/Tr) $2,480 $0 $0
James Stuart (Director) $2,400 $0 $0
Glenn Cox Jr (President) $645 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,163,514
Expenses
$12,737,699
Net Income
$1,425,815
Net Assets
$15,529,013
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,018,465
99.0%
Investment Income $9,275
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $8,196
0.1%
Net Inventory Sales $0
Other Revenue $127,578
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $137,572
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,390,709
10.9%
Assets/Debt
Total Assets $36,411,848
Total Liabilities $20,882,835
Net Assets $15,529,013
Club or Co-Op Income
Income From Members $14,018,465
Income From Other Sources $145,049
Compensation
Key Employees and Officers Compensation Related Other
Terry Stout (General Mana) $114,214 $0 $0
Ronald Watson (Director) $5,583 $0 $0
C B Sharp (President) $4,122 $0 $0
Philip Macmillan (Secretary/Tr) $2,972 $0 $0
Michael Cross (Director) $2,927 $0 $0
Glenn Cox Jr (Vice Preside) $2,700 $0 $0
Greg Robertson (Director) $2,289 $0 $0
James Stuart (Secretary/Tr) $1,945 $0 $0
Darrell Powell (Secretary/Tr) $420 $0 $0
Jeff Nelson (Director) $400 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,714,335
Expenses
$13,778,752
Net Income
$935,583
Net Assets
$14,368,283
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $14,502,504
98.6%
Investment Income $13,657
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $87,120
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $111,054
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $133,535
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,290,818
9.4%
Assets/Debt
Total Assets $35,196,183
Total Liabilities $20,827,900
Net Assets $14,368,283
Club or Co-Op Income
Income From Members $14,502,504
Income From Other Sources $211,831
Compensation
Key Employees and Officers Compensation Related Other
Terry Stout (General Mana) $110,925 $0 $35,392
Michael Cross (Director) $5,490 $0 $0
Darrell Powell (Secretary/Tr) $4,200 $0 $0
C B Sharp (Director) $3,600 $0 $0
Greg Robertson (President) $3,520 $0 $0
Ronald Watson (Vice Preside) $2,800 $0 $0
James Stuart (Director) $2,600 $0 $0
Glenn Cox Jr (Director) $400 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,288,064
Expenses
$13,515,217
Net Income
$1,772,847
Net Assets
$13,691,595
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $15,046,329
98.4%
Investment Income $12,977
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $80,845
0.5%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $147,913
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $138,779
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,296,904
9.6%
Assets/Debt
Total Assets $35,273,493
Total Liabilities $21,581,898
Net Assets $13,691,595
Club or Co-Op Income
Income From Members $15,046,329
Income From Other Sources $241,735
Compensation
Key Employees and Officers Compensation Related Other
Terry Stout (General Mana) $114,869 $0 $47,220
Ronald Watson (Director) $4,240 $0 $0
Michael Cross (Director) $4,120 $0 $0
Darrell Powell (Secretary/Tr) $3,950 $0 $0
C B Sharp (Vice Preside) $3,200 $0 $0
James Stuart (Director) $3,200 $0 $0
Greg Robertson (President) $2,600 $0 $0
Glenn Cox Jr (Director) $2,600 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,783,874
Expenses
$12,697,726
Net Income
$1,086,148
Net Assets
$12,651,469
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,576,885
98.5%
Investment Income $9,088
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $80,848
0.6%
Net Fundraising $0
Sales of Assets -$10,325
Net Inventory Sales $0
Other Revenue $127,378
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $143,039
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,185,834
9.3%
Assets/Debt
Total Assets $33,711,991
Total Liabilities $21,060,522
Net Assets $12,651,469
Club or Co-Op Income
Income From Members $13,576,885
Income From Other Sources $206,989
Compensation
Key Employees and Officers Compensation Related Other
Terry Stout (General Mana) $113,863 $0 $45,102
Michael Cross (President) $5,067 $0 $0
Ronald Watson (Director) $4,964 $0 $0
Darrell Powell (Secretary/Tr) $4,416 $0 $0
James Stuart (Director) $4,347 $0 $0
Greg Robertson (Vice Preside) $3,953 $0 $0
C B Sharp (Director) $3,700 $0 $0
Kent Vance (Director) $2,312 $0 $0
Glenn Cox Jr (Director) $417 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,490,419
Expenses
$12,714,678
Net Income
$775,741
Net Assets
$11,802,777
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,366,585
99.1%
Investment Income $9,148
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $114,686
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $257,646
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,041,629
8.2%
Assets/Debt
Total Assets $31,427,433
Total Liabilities $19,624,656
Net Assets $11,802,777
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,547,934
Expenses
$12,271,304
Net Income
$1,276,630
Net Assets
$11,048,501
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,385,555
98.8%
Investment Income $9,737
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $152,642
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $286,230
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $902,734
7.4%
Assets/Debt
Total Assets $31,092,882
Total Liabilities $20,044,381
Net Assets $11,048,501
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.

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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 »

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