Upshur-Rural Electric Cooperative Corporation

Organization Overview

Upshur-Rural Electric Cooperative Corporation is located in Gilmer, TX. The organization was established in 1939. 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, Upshur-Rural Electric Cooperative Corporation employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Upshur-Rural Electric Cooperative Corporation 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, Upshur-Rural Electric Cooperative Corporation generated $98.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $98.2m during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 6 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

URECC PROVIDES AFFORDABLE, RELIABLE ELECTRIC ENERGY CONSISTENT WITH SOUND ECONOMY, SAFETY, AND QUALITY MANAGEMENT TO OUR MEMBERS AND THE COMMUNITIES WE SERVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

URECC PROVIDES AFFORDABLE, RELIABLE ELECTRIC ENERGY CONSISTENT WITH SOUND ECONOMY, SAFETY, AND QUALITY MANAGEMENT TO OUR MEMBERS AND THE COMMUNITIES WE SERVE.


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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$96,485,016
Investment income $84,138
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $130,764
Net Gain/Loss on Asset Sales $48,029
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $98,243,041

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