Fox Islands Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010333304 ✦ Vinalhaven, ME ✦ Designated as a 501(c)(12)

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Overview

What is Fox Islands Electric Cooperative Inc?

Fox Islands Electric Cooperative Inc, located at 66 Main Street PO Box 527, Vinalhaven, Maine 04863, is a nonprofit organization dedicated to delivering dependable, economical, and environmentally conscious electrical services to residential, commercial, and industrial customers on the islands of North Haven and Vinalhaven, Maine. As part of its mission, it completed and commissioned a wind power project in November 2009. With a team of 15 employees, the cooperative is committed to ensuring a sustainable and reliable energy supply for its community.


Official website here: www.foxislands.net

Is Fox Islands Electric Cooperative Inc legitimate?

Fox Islands Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fox Islands Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $130,956
Professional Fundraising Fees: $0
Other Salaries and Wages: $322,606

For more financial information, click here


Official website here: www.foxislands.net

What is the mission statement of Fox Islands Electric Cooperative Inc?

Fox Islands Electric Cooperative Inc's mission is centered around providing reliable, affordable, and environmentally responsible electric service to both residential, commercial, and industrial customers. This commitment is extended to the islands of North Haven and Vinalhaven, Maine. In line with this mission, the cooperative completed and put into service a wind power project in November 2009, demonstrating their dedication to sustainable energy solutions.


Official website here: www.foxislands.net

Who is the CEO of Fox Islands Electric Cooperative Inc?

Amy Turner is the Ceo of Fox Islands Electric Cooperative Inc. The CEO's salary of Fox Islands Electric Cooperative Inc is $130,956 and their total compensation is $130,956.


Official website here: www.foxislands.net

What is the revenue of Fox Islands Electric Cooperative Inc?

Fox Islands Electric Cooperative Inc's revenue in 2022 was $2,624,320.


Official website here: www.foxislands.net

Who are the executives of Fox Islands Electric Cooperative Inc and what are their salaries?

The average compensation at Fox Islands Electric Cooperative Inc during 2022 was $30,237. There are 15 employees at Fox Islands Electric Cooperative Inc.


Here are 11 key members and their salaries (Fox Islands Electric Cooperative Inc's CEO's salary is $130,956 and their total compensation is $130,956):


Amy Turner (Ceo)
  • Compensation: $130,956
  • Related: $0
  • Other: $0
Loren Bunker (Line Supervi)
  • Compensation: $113,253
  • Related: $0
  • Other: $0
Jeffrey Martin (Treasurer)
  • Compensation: $120
  • Related: $0
  • Other: $0
L Patrick Trainor (President)
  • Compensation: $120
  • Related: $0
  • Other: $0
Chad King (Vice Preside)
  • Compensation: $110
  • Related: $0
  • Other: $0
Alan Lazaro (Director)
  • Compensation: $110
  • Related: $0
  • Other: $0
Dennis Pratt (Director)
  • Compensation: $110
  • Related: $0
  • Other: $0
Sheri Romer (Secretary)
  • Compensation: $110
  • Related: $0
  • Other: $0
Aaron Cabot (Director)
  • Compensation: $100
  • Related: $0
  • Other: $0
Kathleen Macy (Director)
  • Compensation: $100
  • Related: $0
  • Other: $0
Don Young (Director)
  • Compensation: $90
  • Related: $0
  • Other: $0


Official website here: www.foxislands.net

Where can I find the form 990 for Fox Islands Electric Cooperative Inc?

Fox Islands Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.foxislands.net

Learn more at the official website: www.foxislands.net

Mission Statement of Fox Islands Electric Cooperative Inc

Fox Islands Electric Cooperative Inc, a vital entity, is committed to delivering reliable, affordable, and environmentally responsible electric service to its residential, commercial, and industrial customers. Established on the islands of North Haven and Vinalhaven, Maine, the cooperative's mission is to cater to the energy needs of its community, ensuring a sustainable and cost-effective power supply.

Operating in an environmentally conscious manner, Fox Islands Electric Cooperative Inc strives to minimize its ecological footprint while providing uninterrupted power supply. This commitment is reflected in its initiatives, such as the completion and operation of a wind power project in November 2009. This project not only contributes to the cooperative's mission of environmental responsibility but also serves as a testament to its dedication to sustainable energy solutions.

In essence, Fox Islands Electric Cooperative Inc is a beacon of reliability and sustainability in the energy sector. By providing affordable electric service, it enables its customers to lead comfortable lives, while its commitment to the environment sets a precedent for other energy providers. The cooperative's mission is not just about power supply; it's about empowering its community with a sustainable, affordable, and eco-friendly energy solution.

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Impact




October, 2024

Fox Islands Electric Cooperative Inc plays a crucial role in the lives of residents and businesses on Vinalhaven and North Haven Islands in Maine by providing reliable and affordable electric services. The cooperative ensures that both residential and commercial customers have access to essential electricity, contributing to the overall quality of life and economic stability in the community.

By prioritizing environmentally responsible practices, the cooperative enhances the sustainability of energy usage on the islands. One notable initiative is their wind power project, which was completed and put into service in November 2009. This project exemplifies their commitment to renewable energy, reducing reliance on fossil fuels and minimizing the ecological impact of energy consumption.

Overall, Fox Islands Electric Cooperative Inc significantly enhances the infrastructure of Vinalhaven and North Haven, supporting local residents and businesses with clean, dependable energy solutions that foster growth and well-being in the islands' unique environment.




This information is meant to be a general summary of Fox Islands Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$2,624,320 (2022)
Expenses
$2,624,320 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $11,387
  • Gross Receipts: $4,333,735

Assets and Liabilities:

  • Total Assets: $19,483,806
  • Total Liabilities: $12,301,570
  • Net Assets: $7,182,236

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Organization Details

Founding Year

1975

Principal Officer

Amy Turner

Main Address

66 MAIN STREET PO BOX 527, VINALHAVEN, ME, 04863

NTEE Category

Code: W80 - Public benefit

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