New Horizon Electric Cooperative Inc in Laurens, South Carolina (SC)
Table of contents:
| New Horizon Electric Cooperative Inc | |
| Employer Identification Number (EIN) | 562057487 |
| Name of Organization | New Horizon Electric Cooperative Inc |
| Address | PO BOX 1169, Laurens, SC 29360-1169 |
| Subsection | Mutual Ditch or Irrigation Co. |
| Ruling Date | 05/1999 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Tax Period | 12/2012 |
| Assets | $50,000,000 to greater |
| Income | $5,000,000 to $9,999,999 |
| Filing Requirement | 990 (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 |
Non-representatives - add comments:
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: | $129,985 |
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: | $512,274 |
Expenses in 2012: $7,338,900
| New Horizon Electric Cooperative Inc: | $7,338,900 |
| Other organizations performing similar types of work: | $115,862 |
Income to expenses ratio in 2012: 1.1
| New Horizon Electric Cooperative Inc: | 1.1 |
| Other organizations performing similar types of work: | 1.0 |
Number of employees in 2012: 19
| This organization: | 19 |
| Other organizations performing similar types of work: | 1 |
Revenue for 2012
Functional expenses for 2012
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| 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 | $7,391,651 |
| Gross income from other sources | $901,727 |
| Statement of Revenue (for 2012) | |
| Total revenue | $7,338,900 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $7,939,845 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $59,577 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental loss | $-660,522 |
| Gross rents (Real / Personal) | $0 / $361,248 |
| Less: rental expenses (Real / Personal) | $0 / $1,021,770 |
| Rental income or (loss) (Real / Personal) | $0 / $-660,522 |
| 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 2012) | |
| Total functional expenses | $7,338,900 |
| Compensation of current officers, directors, trustees, and key employees | $26,000 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $7,312,900 |
| Balance Sheet (for 2012) | |
| Total assets | $54,168,490 |
| Total liabilities | $35,114,026 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $34,026,547 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $1,087,479 |
| Total net assets or fund balances | $19,054,464 |
| Retained earnings, endowment, accumulated income, or other funds | $19,053,964 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | Not provided |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | United Electric Cooperative Services Inc | PO BOX 16, Cleburne, TX 76033-0016 | TX | 2003-04 | $172,217,747 |
| 2 | Wolverine Power Marketing Cooperative | 10125 W Watergate Rd, Cadillac, MI 49601-8458 | MI | 2001-03 | $56,652,550 |
| 3 | Southeastern Electric Cooperative Inc | PO BOX 388, Marion, SD 57043-0388 | SD | 2000-08 | $54,003,871 |
| 4 | Southern Montana Electric Generation And Transmission Coop I | PO BOX 80048, Billings, MT 59108-0048 | MT | 2005-05 | $43,604,621 |
| 5 | Smarr Emc | 2100 E Exchange Pl, Tucker, GA 30084-5342 | GA | 2000-06 | $37,165,074 |
| 6 | California Broadband Cooperative Inc | 1101 Nimitz Avenue, Vallejo, CA 94592-1014 | CA | 2011-04 | $20,811,664 |
| 7 | Talquin Water And Wastewater Inc | 1640 W Jeffrson St, Quincy, FL 32351 | FL | 2007-05 | $11,697,863 |
| 8 | West Oregon Electric Cooperative Inc | PO BOX 69, Vernonia, OR 97064-0069 | OR | 1945-09 | $9,704,097 |
| 9 | New Horizon Electric Cooperative Inc | PO BOX 1169, Laurens, SC 29360-1169 | SC | 1999-05 | $8,360,670 |
| 10 | Washington County Rural Telephone Cooperative Inc | 105 E Railroad St, Pekin, IN 47165-7848 | IN | 1965-12 | $4,978,300 |
| 11 | Utilities Service Alliance Inc | 9200 Indian Creek Parkway Suite 20, Overland Park, KS 66210-2036 | KS | 2006-04 | $2,887,337 |
| 12 | North Georgia Network Cooperative Inc | 6135 Hwy 115 W Suite 1a, Clarkesville, GA 30523-6761 | GA | 2012-04 | $2,815,215 |
| 13 | Meansville Riley Road Water Company Inc | PO BOX 823, Union, SC 29379-0823 | SC | 2006-06 | $2,250,508 |
| 14 | West Laurel Water Association | PO BOX 726, London, KY 40743-0726 | KY | 2010-09 | $2,134,380 |
| 15 | Creedmoor-Maha Water Supply Co-Op Inc | 12100 Laws Rd, Buda, TX 78610-9607 | TX | 1999-12 | $1,914,937 |
| 16 | Kunia Water Association Inc | PO BOX 700489, Kapolei, HI 96709-0489 | HI | 2011-03 | $1,468,833 |
| 17 | Village Energy Cooperative Association Inc, V E C A | 4100 Holiday St Nw Ste 201, Canton, OH 44718-2589 | OH | 2000-04 | $1,160,224 |
| 18 | Dewees Utility Corporation | 273 Old House Ln, Dewees Island, SC 29451-9408 | SC | 2007-03 | $567,602 |
| 19 | Rocky Creek Water Co | PO BOX 806, Jonesville, SC 29353-0806 | SC | 2010-07 | $396,985 |
| 20 | Levy Limehouse Bellinger Hill Water Company Inc | 6 Snake Rd, Okatie, SC 29909-3937 | SC | 2008-06 | $261,306 |
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