New Horizon Electric Cooperative Inc in Laurens, South Carolina (SC)

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New Horizon Electric Cooperative Inc
Employer Identification Number (EIN)562057487
Name of OrganizationNew Horizon Electric Cooperative Inc
AddressPO BOX 1169, Laurens, SC 29360-1169
SubsectionMutual Ditch or Irrigation Co.
Ruling Date05/1999
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$50,000,000 to greater
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$54,168,490
Amount of Income$8,360,670
Form 990 Revenue Amount$7,338,900
National Taxonomy of Exempt Entities (NTEE)Mutual/Membership Benefit Organizations, Other: Local Benevolent Life Insurance Associations, Mutual Irrigation and Telephone Companies, and Like Organizations


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Amount of income in 2012: $8,360,670 (it was $9,376,122 in 2011)
New Horizon Electric Cooperative Inc: 

 $8,360,670
Other organizations performing similar types of work: 

 $131,837

Assets in 2012: $54,168,490 (it was $57,428,292 in 2011)
New Horizon Electric Cooperative Inc: 

 $54,168,490
Other organizations performing similar types of work: 

 $519,164

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$10,055,825
Gross income from other sources$1,193,512
Statement of Revenue (for 2011)
Total revenue$9,376,122
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$10,120,831
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$52,439
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental loss$-797,148
Gross rents (Real / Personal)$0 / $911,847
Less: rental expenses (Real / Personal)$0 / $1,708,995
Rental income or (loss) (Real / Personal)$0 / $-797,148
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$9,376,122
Compensation of current officers, directors, trustees, and key employees$1,044,432
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$8,331,690
Balance Sheet (for 2011)
Total assets$57,428,292
Total liabilities$39,756,223
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$38,279,606
Unsecured notes and loans payable to unrelated third parties$0
Other$1,476,617
Total net assets or fund balances$17,672,069
Retained earnings, endowment, accumulated income, or other funds$17,671,569
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1United Electric Cooperative Services Inc3309 N Main St, Cleburne, TX 76033-5055TX2003-04$189,645,355
2Wolverine Power Marketing Cooperative10125 W Watergate Rd, Cadillac, MI 49601-8458MI2001-03$76,711,611
3Southern Montana Electric Generation And Transmission Coop I7250 Entryway Dr, Billings, MT 59101-6236MT2005-05$55,117,724
4Smarr Emc2100 E Exchange Pl, Tucker, GA 30084-5342GA2000-06$51,939,170
5Southeastern Electric Cooperative Inc501 S Broadway Ae Box 368, Marion, SD 57043-2111SD2000-08$48,937,879
6California Broadband Cooperative Inc1101 Nimitz Ave, Vallejo, CA 94592-1014CA2011-04$26,473,411
7Wrp IncP O Box 308, Destin, FL 32540-0308FL1999-11$16,900,206
8Talquin Water And Wastewater Inc1640 W Jeffrson St, Quincy, FL 32351FL2007-05$10,729,079
9West Oregon Electric Cooperative IncPO BOX 69, Vernonia, OR 97064-0069OR1945-09$9,141,852
10New Horizon Electric Cooperative IncPO BOX 1169, Laurens, SC 29360-1169SC1999-05$8,360,670
11Washington County Rural Telephone Cooperative IncPO BOX 9, Pekin, IN 47165-0009IN1965-12$4,190,092
12Utilities Service Alliance Inc9200 Indian Creek Parkway Suite 20, Overland Park, KS 66210-2036KS2006-04$3,416,292
13West Laurel Water AssociationPO BOX 726, London, KY 40743-0726KY2010-09$2,214,272
14Western Wayne Water DistrictPO BOX 336, Wayne City, IL 62895-0336IL2008-03$2,012,560
15Creedmoor-Maha Water Supply Co-Op Inc6203 Nasco Dr, Austin, TX 78757-2713TX1999-12$1,802,398
16North Georgia Network Cooperative IncPO BOX 25, Clarkesville, GA 30523-0095GA2012-04$1,744,569
17Meansville Riley Road Water Company IncPO BOX 823, Union, SC 29379-0823SC2006-06$1,431,467
18Dewees Utility Corporation273 Old House Ln, Dewees Island, SC 29451-9408SC2007-03$646,637
19Rocky Creek Water CoPO BOX 806, Jonesville, SC 29353-0806SC2010-07$381,909
20Levy Limehouse Bellinger Hill Water Company Inc6 Snake Rd, Okatie, SC 29909-3937SC2008-06$261,306
Number of organizations performing similar types of work
Alaska5
Alabama4
Arkansas13
Arizona13
California89
Colorado41
Connecticut1
Florida12
Georgia5
Hawaii6
Iowa1
Idaho30
Illinois16
Indiana9
Kansas3
Kentucky3
Louisiana17
Massachusetts3
Maryland4
Michigan6
Minnesota3
Missouri11
Mississippi36
Montana10
North Carolina7
North Dakota1
New Hampshire3
New Jersey1
New Mexico26
Nevada5
New York6
Ohio12
Oklahoma4
Oregon21
Pennsylvania15
Rhode Island1
South Carolina5
South Dakota4
Tennessee3
Texas60
Utah33
Virginia5
Vermont3
Washington51
West Virginia5
Wyoming5
Total617

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