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EIN 92-0014079

Homer Electric Association

IRS 501(c) type
501(c)(12)
Num. employees
167
City
Homer
State
Alaska
Year formed
1946
Most recent tax filings
2022-12-01
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
$105,957,011
2022
Total expenses
$103,729,655
2022
Total assets
$267,608,771
2022
Num. employees
167
2022

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 456,724,486 kwhs to 33,426 consumers during 2022.

Who funds Homer Electric Association

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Alaska Rural Electric Cooperative Association Educational FoundationScholarships$11,000

Personnel at Homer Electric Association

NameTitleCompensation
Bradley P JanorschkeGeneral Manager$379,984
Steve CannonDirector of Operations$218,737
Sarah LambeDirector of Finance$203,406
Keriann BakerDirector of Member Services$211,775
Sheri GowerDirector of Administrative Services / Director of Administration$234,272
...and 22 more key personnel

Financials for Homer Electric Association

RevenuesFYE 12/2022
Total grants, contributions, etc.$11,000
Program services$105,485,664
Investment income and dividends$147,334
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$252,000
Net gain from sale of non-inventory assets$45,371
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$15,642
Total revenues$105,957,011

Form 990s for Homer Electric Association

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2019-122021-06-25990View PDF
2018-122020-01-29990View PDF
...and 9 more Form 990s

Organizations like Homer Electric Association

OrganizationLocationRevenue
La Plata Electric AssociationDurango, CO$112,117,449
Three Rivers Electric CooperativeLinn, MO$47,009,896
Oconee Electric Membership CorporationDudley, GA$34,153,511
Crow Wing Cooperative Power and LightBrainerd, MN$91,498,148
Matanuska Electric AssociationPalmer, AK$162,949,434
Joe Wheeler Electric Membership CorporationTrinity, AL$182,521,630
Hancock-Wood Electric CooperativeNorth Baltimore, OH$51,057,046
Tex-La Electric Cooperative of TexasNacogdoches, TX$121,752,749
Great Lakes Energy CooperativeBoyne City, MI$262,446,486
Northeast Texas Electric Cooperative (NTEC)Longview, TX$309,803,168
Data update history
January 22, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 22, 2024
Updated personnel
Identified 5 new personnel
January 1, 2024
Used new vendors
Identified 2 new vendors, including , and
September 26, 2023
Received grants
Identified 1 new grant, including a grant for $11,000 from Alaska Rural Electric Cooperative Association Educational Foundation
August 5, 2023
Posted financials
Added Form 990 for fiscal year 2021
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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