Habersham Electric Membership Corp

Organization Overview

Habersham Electric Membership Corp is located in Clarkesville, GA. The organization was established in 1942. 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, Habersham Electric Membership Corp employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habersham Electric Membership Corp 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, Habersham Electric Membership Corp generated $70.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $70.6m during the year ending 12/2021. While expenses have increased by 0.4% 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 THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.


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Board, Officers & Key Employees

Name (title)Compensation
Bryan Ferguson
Pres/ceo
$276,752
Kelly Wilkins
Vp, Finance
$190,228
Glenn Purcell
VP Of Techno
$187,307
Josh Allen
VP Of Engine
$149,250
Tony Adams
Director Of
$127,539
Sandra G Welborn
Director, Hr
$127,101

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cable East Inc
Fiber Service
$1,651,089
Quanta Energy Service Llc
Line Const.
$1,030,853
Denton Contracting Inc
Fiber Install
$1,317,058
Georgia Right-of-way Co
Row Clearing
$664,274
Stanley Skinner Cable
Fiber Install
$737,538
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$70,005,775
Investment income $382,445
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $14,940
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 $70,636,080

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