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Nonprofiteer
← EASTERN MAINE ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by EASTERN MAINE ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$20,265,948
Total expenses
$20,265,948
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$19,862,783
Investment income
$403,165
Other revenue
$0
Total assets, end of year
$56,330,249
Total liabilities, end of year
$40,514,652
Net assets or fund balances, end of year
$15,815,597
Program services expenses (Part IX)
$20,265,948
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$20,265,948

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Electric Supply & Delivery

    total $19,862,783 · related or exempt $19,862,783 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $387,636 · related or exempt $387,636 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $15,529

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $15,529

  • 7d · Net gain or loss

    total $15,529 · related or exempt $15,529 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $557,862 · program services $557,862

  • 5 · Compensation of officers, directors and key employees

    total $702,082 · program services $702,082

  • 6 · Compensation of disqualified persons

    total $0 · program services $0

  • 7 · Other salaries and wages

    total $2,173,145 · program services $2,173,145

  • 8 · Pension plan contributions

    total $0 · program services $0

  • 9 · Other employee benefits

    total $0 · program services $0

  • 10 · Payroll taxes

    total $0 · program services $0

  • 11a · Fees: management

    total $0 · program services $0

  • 11b · Fees: legal

    total $116,262 · program services $116,262

  • 11c · Fees: accounting

    total $46,522 · program services $46,522

  • 12 · Advertising and promotion

    total $24,141 · program services $24,141

  • 13 · Office expenses

    total $130,330 · program services $130,330

  • 14 · Information technology

    total $74,967 · program services $74,967

  • 16 · Occupancy

    total $70,322 · program services $70,322

  • 17 · Travel

    total $36,114 · program services $36,114

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0

  • 19 · Conferences, conventions and meetings

    total $108,350 · program services $108,350

  • 20 · Interest

    total $971,969 · program services $971,969

  • 21 · Payments to affiliates

    total $0 · program services $0

  • 22 · Depreciation, depletion and amortization

    total $2,785,518 · program services $2,785,518

  • 23 · Insurance

    total $155,084 · program services $155,084

  • 24a · Other expenses: Purchase Power & Energy Supply

    total $7,415,256 · program services $7,415,256 · management and general $0 · fundraising $0

  • 24b · Other expenses: Distribution & Transmission

    total $2,460,037 · program services $2,460,037 · management and general $0 · fundraising $0

  • 24c · Other expenses: Consumer Account, General Adm & Membership

    total $1,488,113 · program services $1,488,113 · management and general $0 · fundraising $0

  • 24d · Other expenses: Reg Fees, Energy Con, LIAP

    total $949,874 · program services $949,874 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $847,083 · end of year $1,770,529

  • 2 · Savings and temporary cash investments

    beginning of year $5,808,818 · end of year $5,677,588

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,521,634 · end of year $2,465,396

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $1,427,785 · end of year $1,449,123

  • 9 · Prepaid expenses and deferred charges

    beginning of year $519,619 · end of year $555,982

  • 10a · Land, buildings and equipment: cost or other basis

    $83,199,125

  • 10b · Land, buildings and equipment: accumulated depreciation

    $46,094,289

  • 10c · Land, buildings and equipment, net

    beginning of year $35,982,470 · end of year $37,104,836

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $1,049,377 · end of year $1,054,610

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $6,629,276 · end of year $6,252,185

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,062,530 · end of year $1,473,361

  • 19 · Deferred revenue

    beginning of year $5,674,500 · end of year $5,674,500

  • 23 · Secured mortgages and notes payable

    beginning of year $27,624,738 · end of year $28,235,121

  • 25 · Other liabilities

    beginning of year $5,086,316 · end of year $5,131,670

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $15,337,978 · end of year $15,815,597

Mission and programs · 2025

Mission

Eastern Maine Electric Cooperative, Inc. (EMEC) is Maine's premiere consumer-owned utility providing low cost energy solutions and adding value to our member's quality of life through creative application of technology, capital and a dedicated workforce.

Activities or mission (Part I)

EMEC is a non-profit consumer owned electric utility serving parts of Aroostook, Penobscot & Washington Counties on Maine's eastern border with Canada.

  • Utility System Programs, General/Others" Delivery of Electric Power (13,194 Consumers)

    Expenses $20,265,948 · Revenue $18,785,330

As filed on the 2025 return.

Listed in Part VII

  • Scott M Halowell

    Chief Executive Officer

    Total calculated
    $565,563
    From this org
    $298,889
    From related orgs
    $0
    Other
    $266,674
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $294,042
    Bonus
    $0
    Other
    $4,847
    Deferred
    $250,844
    Nontaxable benefits
    $15,830
    Filer's total
    $565,563

  • Michael Carrier

    Manager of Operations

    Total calculated
    $293,907
    From this org
    $151,386
    From related orgs
    $0
    Other
    $142,521
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $150,044
    Bonus
    $0
    Other
    $1,342
    Deferred
    $125,037
    Nontaxable benefits
    $17,484
    Filer's total
    $293,907

  • Charles E McAlpin

    Manager of Member Services

    Total calculated
    $249,058
    From this org
    $147,730
    From related orgs
    $0
    Other
    $101,328
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $145,766
    Bonus
    $0
    Other
    $1,964
    Deferred
    $90,496
    Nontaxable benefits
    $10,832
    Filer's total
    $249,058

  • Elery Beale

    Manager of Information Technology

    Total calculated
    $195,281
    From this org
    $140,822
    From related orgs
    $0
    Other
    $54,459
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $140,132
    Bonus
    $0
    Other
    $690
    Deferred
    $36,325
    Nontaxable benefits
    $18,133
    Filer's total
    $195,280

  • Warren Moholland

    Chief Financial Officer

    Total calculated
    $171,842
    From this org
    $128,650
    From related orgs
    $0
    Other
    $43,192
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $128,037
    Bonus
    $0
    Other
    $613
    Deferred
    $26,428
    Nontaxable benefits
    $16,764
    Filer's total
    $171,842

  • John L Gallant

    Secretary

    Total calculated
    $14,525
    From this org
    $14,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Timothy R Peters

    Treasurer

    Total calculated
    $14,500
    From this org
    $14,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • John Leighton

    Board Member

    Total calculated
    $14,200
    From this org
    $14,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • R Scott Skinner

    President

    Total calculated
    $11,350
    From this org
    $11,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • David A Harbison

    Board Member

    Total calculated
    $9,400
    From this org
    $9,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Dwayne Young

    Board Member

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • David A Johnson

    Board Member

    Total calculated
    $8,550
    From this org
    $8,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Lawrence E Clark

    Board Member

    Total calculated
    $5,125
    From this org
    $5,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Earl Hill Jr

    Vice President

    Total calculated
    $5,125
    From this org
    $5,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dana R Hatton

    Board Member

    Total calculated
    $4,450
    From this org
    $4,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bart Chandler

    Board Member

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
31 July 2026
IRS schema version
2025v4.0
Source object
202622459349301402

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