Overview
What is Federated Rural Electric Association?
The Federated Rural Electric Association is a nonprofit organization, established in Jackson, Minnesota, with a presence in Jackson and Martin Counties, serving over 5,292 members since 1935. Their mission is to distribute energy and services in a cost-effective, reliable, and efficient manner. With a workforce of 33 employees, they have expanded their reach to include boundary customers in 11 additional counties, serving approximately 60 members in Iowa. The Association's commitment extends beyond providing electric service; they aim to enhance the lives of those they serve by ensuring safe, reliable, and affordable energy.
Official website here: www.federatedrea.coop
What are the reviews and ratings of this charity?
The Federated Rural Electric Association is not currently rated by Charity Navigator. This is primarily because it does not hold a 501(c)(3) status that is required for evaluation. The absence of a rating should not be interpreted as inherently positive or negative, simply that the organization has not been assessed under the typical parameters such as Leadership & Adaptability or Impact & Measurement.
Without a 501(c)(3) IRS registration, the Federated Rural Electric Association's finances or operational effectiveness cannot be fully evaluated by Charity Navigator. Key financial details such as total revenue, expenses, and personnel salary data are not available due to the lack of recent electronically-filed Form 990 data. While IRS published data is available, it only confirms the organization's independent operation status and not its financial conductivity or accountability metrics.
No user reviews have been found on GreatNonprofits for this organization, so additional insights from public sentiment or stakeholder experiences are unavailable. This limits the ability to capture community responsiveness or specific impacts that might further inform or elaborate on organizational efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Federated Rural Electric Association legitimate?
Federated Rural Electric Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Federated Rural Electric Association 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: $519,849
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,979,911
For more financial information, click here
Official website here: www.federatedrea.coop
What is the mission statement of Federated Rural Electric Association?
The Federated Rural Electric Association is dedicated to delivering safe, dependable, and affordable energy and essential services to its member-owners. The cooperative's commitment extends beyond providing electricity, enhancing the lives of those it serves. Since its inception in 1935, it has consistently ensured that rural customers in Jackson and Martin counties in Minnesota, as well as some smaller towns, have access to reliable electric service. Furthermore, the association offers electric service to boundary customers in 11 additional counties, encompassing approximately 60 members in Iowa.
Official website here: www.federatedrea.coop
Who is the CEO of Federated Rural Electric Association?
Scott Reimer is the President of Federated Rural Electric Association.
Official website here: www.federatedrea.coop
What is the revenue of Federated Rural Electric Association?
Federated Rural Electric Association's revenue in 2022 was $40,566,669.
Official website here: www.federatedrea.coop
Who are the executives of Federated Rural Electric Association and what are their salaries?
The average compensation at Federated Rural Electric Association during 2022 was $75,750. There are 33 employees at Federated Rural Electric Association.
Here are 14 key members and their salaries:
- Compensation: $16,650
- Related: $0
- Other: $0
- Compensation: $10,200
- Related: $0
- Other: $0
- Compensation: $15,600
- Related: $0
- Other: $0
- Compensation: $14,250
- Related: $0
- Other: $0
- Compensation: $12,900
- Related: $0
- Other: $0
- Compensation: $13,050
- Related: $0
- Other: $0
- Compensation: $10,500
- Related: $0
- Other: $0
- Compensation: $212,656
- Related: $0
- Other: $64,349
- Compensation: $100,362
- Related: $0
- Other: $45,867
- Compensation: $108,959
- Related: $0
- Other: $44,669
- Compensation: $103,991
- Related: $0
- Other: $47,031
- Compensation: $103,428
- Related: $0
- Other: $42,687
- Compensation: $102,638
- Related: $0
- Other: $41,767
- Compensation: $100,930
- Related: $0
- Other: $43,472
Official website here: www.federatedrea.coop
Where can I find the form 990 for Federated Rural Electric Association?
Federated Rural Electric Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.federatedrea.coop
Learn more at the official website: www.federatedrea.coop
Mission Statement of Federated Rural Electric Association
The Federated Rural Electric Association is dedicated to delivering safe, reliable, and affordable energy and essential services to its member-owners in an effective and efficient manner. This commitment has been upheld since the cooperative's inception, enabling over 5,292 members in Minnesota and some smaller towns to access electricity who otherwise would not have had it in 1935. Extending beyond its primary service area in Jackson and Martin Counties, the Association also provides electricity to boundary customers in 11 additional counties, serving approximately 60 members in Iowa. By consistently providing reliable electric service to rural customers, the Federated Rural Electric Association enhances the lives of those it serves.
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Impact
October, 2024
Federated Rural Electric Association plays a critical role in ensuring that over 5,292 members receive reliable electric service in rural areas of Jackson and Martin Counties in Minnesota, as well as parts of Iowa. Established in 1935, it addressed the need for electricity in these underserved regions, allowing communities to thrive and grow.
The cooperative focuses on distributing energy and services in a cost-effective, efficient manner, demonstrating a commitment to safety and affordability. This dedication significantly enhances the quality of life for its members, fostering economic development and improving access to essential services. By serving both rural customers and boundary customers in 11 additional counties, the association amplifies its positive impact on regional communities, ensuring that even smaller towns benefit from reliable energy access.
This information is meant to be a general summary of Federated Rural Electric Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $127,382
- Program Service Revenue: $39,596,269
- Gross Receipts: $41,000,708
Assets and Liabilities:
- Total Assets: $81,081,160
- Total Liabilities: $35,807,587
- Net Assets: $45,273,573
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$37,240,052
G&T CAPITAL CREDITS
Revenue
$1,765,564
EQUITY EARNINGS
Revenue
$114,851
OTHER CAPITAL CREDITS
Revenue
$110,203
Organization Details
Founding Year
1935
Phone
(507) 847-3520Principal Officer
Scott Reimer
Main Address
77100 US HWY 71, JACKSON, MN, 56143
Website
www.federatedrea.coopNTEE Category
Code: W80 - Public benefit
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