New Hampshire Electric Cooperative Inc

Organization Overview

New Hampshire Electric Cooperative Inc is located in Plymouth, NH. The organization was established in 1971. 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 12/2022, New Hampshire Electric Cooperative Inc employed 252 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Hampshire Electric Cooperative Inc 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 12/2022, New Hampshire Electric Cooperative Inc generated $186.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $187.5m during the year ending 12/2022. While expenses have increased by 5.5% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC PROVIDES ELECTRIC ENERGY AND BROADBAND SERVICES TO ITS MEMBERS THROUGHOUT THE STATE OF NEW HAMPSHIRE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALL RECEIPTS FROM SALE OF ELECTRIC ENERGY AND RELATED SERVICE ACTIVITIES IN EXCESS OF OPERATING COSTS ARE RECEIVED WITH THE UNDERSTANDING THAT IT IS FURNISHED BY THE PATRONS AS CAPITAL. THIS CAPITAL SHALL BE ALLOCATED TO THE COOPERATIVE MEMBER ON A PATRONAGE BASIS. CURRENTLY, NEW HAMPSHIRE ELECTRIC COOPERATIVE, INC. PROVIDES ELECTRIC ENERGY TO APPROXIMATELY 85,000 ACTIVE MEMBER SERVICES THROUGHOUT NEW HAMPSHIRE.


THE BROADBAND DIVISION, A SINGLE MEMBER LLC, PROVIDES BROADBAND INTERNET SERVICES THROUGH THE CONSTRUCTION OF A FIBER-OPTIC NETWORK. WHEN CUMULATIVE NET MARGINS DERIVED FROM MEMBER SALES OF BROADBAND INTERNET SERVICES EXCEED CUMULATIVE LOSSES FROM SUCH SALES, THE COOPERATIVE WILL ALLOCATE PATRONAGE CAPITAL TO THE MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffrey Morrill
Board Chair
$36,295
Daniel Senie Partial Year
Vice Chair
$9,275
Brenda Boisvert
Secretary
$30,775
Edward French
Treasurer
$37,975
Carolyn Kedersha
Assistant Tr
$41,568
Thomas Mongeon
Director
$37,875

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Asplundh Tree Expert
Right-of-way
$4,507,859
Eustis Cable Enterprises
Fiber
$2,323,573
Tts Tree Service
Right-of-way
$1,373,556
Conexon Llc
Fiber
$1,325,767
First Point Power
Energy Services
$1,060,503
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$185,921,414
Investment income $2,039
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $13,161
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $186,063,964

Peer Organizations

Organization NameAssets
New Hampshire Electric Cooperative Inc
Plymouth, NH
$186,063,964
Vermont Electric Cooperative Inc
Johnson, VT
$91,765,977
Eastern Maine Electric Cooperative Inc
Calais, ME
$17,279,980
Washington Electric Co-Operative Inc
East Montpelier, VT
$7,858,542
Citizens Energy Corp
Boston, MA
$1,841,369
Northeast Public Power Association
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$3,168,903
Fox Islands Electric Cooperative Inc
Vinalhaven, ME
$2,926,731
Boston Community Access & Programming Foundation Inc
Roxbury, MA
$3,169,094
New England States Committee On Electricity
Osterville, MA
$1,523,021
New England Power Generators Association Inc
Westborough, MA
$1,366,286
Utility Contractors Association Of New England Inc
Quincy, MA
$1,574,721
Light Of Life Ministries Inc
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$1,151,596
Northern Maine Independent System Administration Inc
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$1,121,875
Maine Water Utilities Association
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$846,884
Peoples Solar Energy Fund
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$754,677
Canton Cable Access Corporation
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$647,088
Industrial Energy Consumer Group
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$454,852
Access Bellingham Inc
Bellingham, MA
$429,014
Northeast Energy And Commerce Association Inc
Needham, MA
$399,794
Medfield Community Cable Access Corporation
Medfield, MA
$325,092
Maine Renewable Energy Association
Augusta, ME
$397,860
Massachusetts Electrical Contractors Association Inc
Dedham, MA
$581,694
Mountain Top Telecom Inc
Franconia, NH
$251,110
Monmouth Water Association
Monmouth, ME
$222,087
National Electrical Contractors Association Inc
Springfield, MA
$0

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