Overview
What is Farmers Electric Cooperative Inc?
Farmers Electric Cooperative Inc is a nonprofit organization based in Greenfield, Iowa. With approximately 5,045 consumers or 3,823 members, they provide dependable electricity and other services to enhance the quality of life within their communities. The cooperative added 0.953 miles of line to ensure the delivery of a reliable electrical energy supply. Their mission is to offer safe, affordable electricity to their members, and they currently employ 23 individuals to carry out this essential task.
Official website here: www.farmersrec.com
What are the reviews and ratings of this charity?
Farmers Electric Cooperative Inc is not currently rated by Charity Navigator. The absence of a rating is not an assessment of the organization's performance but rather indicates that it has not been evaluated due to its non-qualification as a 501(c)(3) organization. Charity Navigator focuses on evaluating nonprofits based on various beacons, but this organization does not meet the criteria necessary for evaluation, such as Accountability & Finance or Impact & Measurement.
As an independent organization, Farmers Electric Cooperative Inc files a Form 990 annually, but it is classified under a foundation status other than 501(c)(3). This impacts its eligibility for tax-exempt status and tax-deductible contributions, which are key factors for certain evaluations. The lack of available data on total revenue, expenses, and key salaries further restricts comprehensive analysis on financial health or operational efficiency.
No user reviews are currently available on GreatNonprofits for additional insights into public perception and direct feedback from community interactions. This lack of user engagement data means there is no supplementary information to gauge personal experiences or sentiment regarding their activities and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Farmers Electric Cooperative Inc legitimate?
Farmers Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Farmers 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: $504,768
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,316,859
For more financial information, click here
Official website here: www.farmersrec.com
What is the mission statement of Farmers Electric Cooperative Inc?
Farmers Electric Cooperative Inc is committed to delivering a dependable quality and quantity of electrical energy to its members. The cooperative's mission goes beyond just providing electricity, as it aims to enhance the quality of life within the communities it serves. By offering safe, reliable, and affordable electric services, Farmers Electric Cooperative, Inc. ensures that its consumers can go about their daily lives with minimal interruptions. The cooperative's efforts extend beyond electricity, and it strives to make a positive impact on its members' lives in various ways. Approximately 5,045 consumers or 3,823 members have access to these essential services, and the cooperative has recently added 0.953 miles of line to expand its reach.
Official website here: www.farmersrec.com
Who is the CEO of Farmers Electric Cooperative Inc?
Holi Weston is the Director of Farmers Electric Cooperative Inc. The CEO's salary of Farmers Electric Cooperative Inc is $92,166 and their total compensation is $137,242.
Official website here: www.farmersrec.com
What is the revenue of Farmers Electric Cooperative Inc?
Farmers Electric Cooperative Inc's revenue in 2022 was $15,232,605.
Official website here: www.farmersrec.com
Who are the executives of Farmers Electric Cooperative Inc and what are their salaries?
The average compensation at Farmers Electric Cooperative Inc during 2022 was $79,201. There are 23 employees at Farmers Electric Cooperative Inc.
Here are 12 key members and their salaries (Farmers Electric Cooperative Inc's CEO's salary is $92,166 and their total compensation is $137,242):
- Compensation: $11,625
- Related: $0
- Other: $0
- Compensation: $15,350
- Related: $0
- Other: $0
- Compensation: $11,875
- Related: $0
- Other: $0
- Compensation: $10,325
- Related: $0
- Other: $0
- Compensation: $9,550
- Related: $0
- Other: $0
- Compensation: $10,700
- Related: $0
- Other: $0
- Compensation: $7,150
- Related: $0
- Other: $0
- Compensation: $13,525
- Related: $0
- Other: $0
- Compensation: $11,175
- Related: $0
- Other: $0
- Compensation: $113,782
- Related: $0
- Other: $52,691
- Compensation: $96,385
- Related: $0
- Other: $38,430
- Compensation: $92,166
- Related: $0
- Other: $45,076
Official website here: www.farmersrec.com
Where can I find the form 990 for Farmers Electric Cooperative Inc?
Farmers Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.farmersrec.com
Learn more at the official website: www.farmersrec.com
Mission Statement of Farmers Electric Cooperative Inc
Farmers Electric Cooperative Inc, a dedicated organization, is committed to delivering safe, reliable, and affordable electrical energy to enhance the quality of life within its communities. With a mission to provide its members with a dependable quality and quantity of electrical energy, the cooperative goes above and beyond to ensure a consistent power supply.
Through its operations, Farmers Electric Cooperative Inc strives to improve the living conditions of approximately 5,045 consumers or 3,823 members by providing them with essential electrical services. As a testament to its dedication, the cooperative has added 0.953 miles of line to expand its reach and ensure a stronger electrical infrastructure.
By focusing on providing dependable electrical energy, Farmers Electric Cooperative Inc plays a vital role in enabling its members to conduct their daily activities with ease. The cooperative understands the importance of a reliable power source and takes pride in delivering this necessity to its members, contributing to a more convenient and efficient lifestyle.
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Impact
October, 2024
Farmers Electric Cooperative Inc plays a crucial role in providing reliable and quality electrical energy to its members in Greenfield, Iowa. Serving approximately 5,045 consumers, the cooperative ensures that its members have access to safe and affordable electricity, which is essential for daily living and economic activities. The recent addition of nearly a mile of electrical line demonstrates their commitment to infrastructure improvement and expansion, further enhancing the reach of their services.
The cooperative's mission focuses on improving the quality of life within the communities it serves. By delivering dependable electricity and other related services, Farmers Electric Cooperative Inc contributes to the overall well-being and development of local residents. Their efforts foster community growth, support local businesses, and enhance the sustainability and resilience of the area's energy resources. This positive impact not only benefits individual members but also strengthens the social fabric of the community as a whole.
This information is meant to be a general summary of Farmers 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $158,962
- Program Service Revenue: $15,072,642
- Gross Receipts: $15,341,258
Assets and Liabilities:
- Total Assets: $47,835,770
- Total Liabilities: $24,783,955
- Net Assets: $23,051,815
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF POWER
Revenue
$14,749,952
CAPITAL CREDITS
Revenue
$290,023
Organization Details
Founding Year
1938
Phone
(641) 743-6146Principal Officer
Holi Weston
Main Address
2389 HWY 92 PO BOX 330, GREENFIELD, IA, 50849
Website
www.farmersrec.comNTEE Category
Code: W80 - Public benefit
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