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EIN 92-0014079

Homer Electric Association

IRS 501(c) type
501(c)(12)
Num. employees
159
City
Homer
State
Alaska
Year formed
1946
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
The Homer Electric Association offers electrical services to its members while striving to provide reliable electricity through superior customer service and innovative energy solutions at fair and reasonable prices. The association operates on a cooperative basis, complying with the requirements, and provided 456,724,486 kwhs to 33,426 consumers in 2022.
Total revenues
$109,015,250
2023
Total expenses
$108,853,497
2023
Total assets
$268,137,644
2023
Num. employees
159
2023

Program areas at Homer Electric Association

Homer Electric Association (hea) operates on a cooperative basis and is in compliance with the cooperative requirements. Hea provided a total of 452,107,802 kwhs to 33,818 consumers during 2023.

Who funds Homer Electric Association

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Alaska Rural Electric Cooperative Association Educational FoundationScholarships$9,500

Personnel at Homer Electric Association

NameTitleCompensation
Rob MontgomeryChief Operating Officer
Sarah LambeChief Financial Officer$203,406
John JunglingChief Technology Officer$240,247
Sheri GowerChief Administrative Officer$234,272
Keriann BakerChief Strategy Officer$211,775
...and 21 more key personnel

Financials for Homer Electric Association

RevenuesFYE 12/2023
Total grants, contributions, etc.$9,500
Program services$108,419,129
Investment income and dividends$220,708
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$262,500
Net gain from sale of non-inventory assets$75,653
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$27,760
Total revenues$109,015,250

Form 990s for Homer Electric Association

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-06-25990View PDF
...and 10 more Form 990s

Organizations like Homer Electric Association

OrganizationLocationRevenue
Three Rivers Electric CooperativeLinn, MO$48,189,109
East Central EnergyBraham, MN$136,415,496
Oconee Electric Membership CorporationDudley, GA$34,153,511
Matanuska Electric AssociationPalmer, AK$166,127,735
Joe Wheeler Electric Membership CorporationTrinity, AL$182,521,630
Hancock-Wood Electric CooperativeNorth Baltimore, OH$53,187,130
Alaska Electric and Energy CooperativeHomer, AK$68,025,106
Colquitt Electric Membership CorporationMoultrie, GA$161,729,916
Magnolia Electric Power AssociationMccomb, MS$83,370,782
Norris Electric CooperativeNewton, IL$51,604,627
Data update history
October 22, 2024
Received grants
Identified 1 new grant, including a grant for $9,500 from Alaska Rural Electric Cooperative Association Educational Foundation
October 19, 2024
Updated personnel
Identified 1 new personnel
June 14, 2024
Used new vendors
Identified 1 new vendor, including
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 5 new personnel
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local levelProvides scholarships
General information
Address
3977 Lake St
Homer, AK 99603
County
Kenai Peninsula Borough, AK
Website URL
homerelectric.com/ 
Phone
(907) 235-8551
Facebook page
homerelectricassociation 
Twitter profile
@homerelectric 
IRS details
EIN
92-0014079
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1946
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Central organization
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