Overview
What is Freeborn Mower Electric Cooperative?
Freeborn Mower Electric Cooperative, based in Albert Lea, Minnesota, is a nonprofit organization with a mission to provide electric power to approximately 21,100 members in the cooperative. With a team of 70 employees, they ensure the delivery of electricity to their community, ensuring a reliable power source for daily life.
Official website here: www.fmec.coop
Is Freeborn Mower Electric Cooperative legitimate?
Freeborn Mower Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Freeborn Mower Electric Cooperative 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $401,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Freeborn Mower Electric Cooperative?
The Freeborn Mower Electric Cooperative is dedicated to providing electric power to a community of roughly 21,100 members. This cooperative prioritizes delivering electricity to its members, ensuring they have a reliable source of energy for their daily needs. By doing so, the cooperative plays a crucial role in enhancing the quality of life for its member base. Additionally, the cooperative may invest in and implement advancements in power generation and distribution technologies to better serve its community and maintain a sustainable energy supply. Through its commitment to electricity provision, the Freeborn Mower Electric Cooperative contributes significantly to the well-being and progress of its members.
Official website here: www.fmec.coop
Who is the CEO of Freeborn Mower Electric Cooperative?
Steve Garbisch is the Treasurer of Freeborn Mower Electric Cooperative. The CEO's salary of Freeborn Mower Electric Cooperative is $215,879 and their total compensation is $308,250.
Official website here: www.fmec.coop
What is the revenue of Freeborn Mower Electric Cooperative?
Freeborn Mower Electric Cooperative's revenue in 2022 was $62,118,752.
Official website here: www.fmec.coop
Who are the executives of Freeborn Mower Electric Cooperative and what are their salaries?
The average compensation at Freeborn Mower Electric Cooperative during 2022 was $5,736. There are 70 employees at Freeborn Mower Electric Cooperative.
Here are 16 key members and their salaries (Freeborn Mower Electric Cooperative's CEO's salary is $215,879 and their total compensation is $308,250):
- James Krueger (President/Ceo)
- Al Stadheim (Director Of Engin & Operations)
- Jack Kortan (Manager Of Operations)
- Ethan Eggum (Working Foreman)
- Alan Casterton (Working Foreman)
- Brad Devries (Working Foreman)
- Richard Schaufler (Director)
- John Jack Korman (Board Chair) [Trustee/Director]
- Jay Neitzell (Director (From March 2022))
- Frank Fryer (Secretary (From March 2022)) [Trustee/Director]
- Dennis Anderson (Vice Chairman) [Trustee/Director]
- Joe Pacovsky (Director)
- Larry Irvine (Director)
- William Trygstad (Director)
- Steve Garbisch (Treasurer) [Trustee/Director]
- Burton Magnuson (Secretary (Through March 2022)) [Trustee/Director]
Official website here: www.fmec.coop
Where can I find the form 990 for Freeborn Mower Electric Cooperative?
The Freeborn Mower Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.fmec.coop
Learn more at the official website: www.fmec.coop
Mission Statement of Freeborn Mower Electric Cooperative
Freeborn Mower Electric Cooperative, a cooperative of approximately 21,100 members, is dedicated to providing electric power to its community. This nonprofit organization's primary mission is to ensure that every member has consistent access to electricity, making a significant difference in their daily lives. By harnessing the power of electricity, Freeborn Mower Electric Cooperative empowers its members to improve their living conditions and pursue opportunities that may not have been possible without reliable power.
The cooperative's commitment to its members extends beyond the mere provision of electricity. Freeborn Mower Electric Cooperative recognizes the importance of a reliable power source in ensuring the overall well-being of its community. By delivering electricity to its members, the cooperative plays a crucial role in enabling families to cook meals, keep their homes warm or cool depending on the season, and power essential appliances such as refrigerators and medical devices.
Moreover, the availability of electricity powers local businesses, enabling them to thrive and contribute to the local economy. By providing electric power, Freeborn Mower Electric Cooperative helps sustain the livelihoods of families and businesses, creating a strong, resilient community. The cooperative's unwavering dedication to its members is a testament to its commitment to improving the quality of life for those it serves.
Impact
This information is meant to be a general summary of Freeborn Mower Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Freeborn Mower Electric Cooperative plays a crucial role in providing electric power to approximately 21,100 members in the community. By ensuring reliable access to electricity, the cooperative contributes to the functioning of homes, businesses, and essential services in the area. Its impact is felt daily as members rely on the cooperative for their electricity needs, powering homes, farms, schools, and other critical infrastructure. This reliable source of power supports economic activities, enhances quality of life, and facilitates growth and development in the region.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF POWER
Revenue
$60,707,650
Organization Details
Founding Year
1936
Phone
(507) 373-6421
Principal Officer
Steve Garbisch
Main Address
3366 BRIDGE AVE, ALBERT LEA, MN, 56007
Website
www.fmec.coop
NTEE Category
Code: W80 - Public benefit
If you are a representative of Freeborn Mower Electric Cooperative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.