Overview
What is Farmers Electric Cooperative Inc?
Farmers Electric Cooperative Inc is a Missouri-based organization, specifically located at 201 W Business Hwy 36, Chillicothe, with the ZIP code 64601. The cooperative focuses on the distribution and sale of electricity to approximately 13,000 meters of member-owners. Their mission is to ensure the safe and dependable delivery of electricity to the community they serve. The cooperative's annual surplus is allocated to its members in the form of margins. The team at Farmers Electric Cooperative comprises 41 dedicated employees.
Official website here: www.fec-co.com
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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $573,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Farmers Electric Cooperative Inc?
Farmers Electric Cooperative Inc is dedicated to delivering reliable electricity to its cooperative member-owners. Their primary activity revolves around the distribution and sale of electricity to over 13,000 meters. An annual allocation of margins is made to the membership as part of their business model. In essence, Farmers Electric Cooperative Inc focuses on ensuring a consistent power supply for its community of members.
Official website here: www.fec-co.com
Who is the CEO of Farmers Electric Cooperative Inc?
Don Smith is the General Manager of Farmers Electric Cooperative Inc.
Official website here: www.fec-co.com
What is the revenue of Farmers Electric Cooperative Inc?
Farmers Electric Cooperative Inc's revenue in 2022 was $34,019,457.
Official website here: www.fec-co.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 $13,998. There are 41 employees at Farmers Electric Cooperative Inc.
Here are 14 key members and their salaries:
- Rodney Cotton (General Manager)
- Aaron Wagers (Lead Lineman)
- Troy Hermanson (Operations Manager)
- Garry Widner (Substation Serviceman)
- Jason Howe (Substation Serviceman)
- Kassidy Neuhalfen (Substation Serviceman)
- Lacey Capps (Cfo)
- Glen Waters (Vice-President) [Trustee/Director]
- Toni Cox (Director)
- Warren Hoyt (Treasurer) [Trustee/Director]
- Larry Muck (Asst Secretary) [Trustee/Director]
- W D Richards (Director)
- Arzy Bisbee Jr (Secretary) [Trustee/Director]
- Leroy Kern (President) [Trustee/Director]
Official website here: www.fec-co.com
Where can I find the form 990 for Farmers Electric Cooperative Inc?
The Farmers Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.fec-co.com
Learn more at the official website: www.fec-co.com
Mission Statement of Farmers Electric Cooperative Inc
Farmers Electric Cooperative Inc, a dedicated organization, is committed to providing its member-owners with safe and dependable electricity. With over 13,000 meters under its purview, the cooperative distributes and sells electricity to its members, ensuring a consistent power supply. The organization's financial success is shared annually with its membership through margin allocations.
At the heart of Farmers Electric Cooperative Inc's operations is the mission to safely deliver electricity to its cooperative members. This mission goes beyond just providing an essential utility service. The organization takes pride in ensuring the electricity it distributes is not only reliable but safe for its members' homes and businesses. By focusing on safety, Farmers Electric Cooperative Inc fosters trust and confidence in its services. This commitment to safety is a testament to the cooperative's dedication to putting its members first.
Farmers Electric Cooperative Inc's distribution and sale of electricity is more than just a business transaction. As a cooperative, it is owned by its members, and the organization operates with a sense of community and shared responsibility. The annual margin allocations serve as a reminder of this unique partnership, with the organization's success directly benefiting its members. Farmers Electric Cooperative Inc's mission is about more than just electricity; it's about building and sustaining a strong, connected community.
Impact
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.
Thursday, August 15, 2024
Farmers Electric Cooperative Inc's impact is primarily centered around providing its members with reliable electricity. By distributing and selling electricity to over 13,000 cooperative member/owners in Chillicothe, MO, the cooperative plays a vital role in powering homes, businesses, and communities in the region. This reliable source of electricity contributes to the overall well-being and economic development of the area served by the cooperative. Additionally, any margins generated by the cooperative are allocated annually to the membership, further benefiting the local community.
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.
Sales of Energy
Revenue
$32,252,829
Capital Credits
Revenue
$1,236,800
Other Electric Revenue
Revenue
$298,024
Organization Details
Founding Year
1938
Phone
(660) 646-4281
Principal Officer
Don Smith
Main Address
201 W Business Hwy 36, Chillicothe, MO, 64601
Website
www.fec-co.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of Farmers Electric Cooperative Inc 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.