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
What are the reviews and ratings of this charity?
Farmers Electric Cooperative Inc is not currently rated by Charity Navigator, largely because it is not registered as a 501(c)(3) nonprofit, which precludes it from evaluation under their existing metrics. This does not imply a specific judgement on the organization but rather reflects its particular corporate structure. Without being categorized under 501(c)(3), several standard evaluation criteria, like Accountability & Finance, cannot be applied.
Historically, Charity Navigator's ratings have concentrated on financial accountability and transparency, but for Farmers Electric Cooperative Inc., no financial data such as revenue, expenses, or key salaries are available. Consequently, there's a lack of insight into the cooperative's financial health and efficiency as compared to nonprofit peers.
Additionally, the cooperative's independent status suggests it operates autonomously without external affiliations or auxiliary ties. However, without more detailed insights into aspects like leadership, community culture, or impact, which are emerging components in nonprofit evaluations, it's challenging to provide a comprehensive assessment of its operational character or community contributions.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Farmers Electric Cooperative Inc?
90% of 20 reviewers on Facebook recommend Farmers Electric Cooperative Inc. Here is a summary of their reviews:
The sentiments expressed highlight a strong appreciation for the cooperative's prompt and amiable service. Many users are particularly impressed with the speed of response and the courteous nature of the staff, making them feel valued and supported.
Overall, the cooperative seems to make a positive impression on its members, delivering reliable services that meet their expectations. The favorable feedback reflects a commitment to customer satisfaction, contributing to a positive community reputation.
This AI summary has been generated from reviews found on Facebook.
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: $573,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fec-co.com
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:
- Compensation: $225,872
- Related: $0
- Other: $129,189
- Compensation: $129,781
- Related: $0
- Other: $62,182
- Compensation: $110,513
- Related: $0
- Other: $84,294
- Compensation: $108,118
- Related: $0
- Other: $80,907
- Compensation: $104,227
- Related: $0
- Other: $42,222
- Compensation: $102,824
- Related: $0
- Other: $60,796
- Compensation: $93,989
- Related: $0
- Other: $38,852
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $13,500
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $12,500
- Related: $0
- Other: $0
- Compensation: $12,500
- Related: $0
- Other: $0
- Compensation: $11,000
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
Official website here: www.fec-co.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.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.
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Impact
October, 2024
Farmers Electric Cooperative Inc plays a vital role in the community by ensuring access to reliable electricity for its members. With a commitment to safe and efficient energy distribution, the cooperative serves over 13,000 meters, providing essential power to residents and businesses in Chillicothe, MO, and the surrounding areas.
By prioritizing the needs of its cooperative member-owners, Farmers Electric Cooperative not only contributes to the economic vitality of the region but also fosters a sense of community and shared responsibility among its members. Through the annual allocation of margins to the membership, the cooperative reinforces the principle of collective benefit, promoting sustainable energy practices and supporting local initiatives.
Overall, Farmers Electric Cooperative Inc enhances the quality of life for its members while maintaining a focus on public benefit and community engagement.
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: $231,804
- Program Service Revenue: $33,787,653
- Gross Receipts: $34,019,457
Assets and Liabilities:
- Total Assets: $112,966,033
- Total Liabilities: $68,294,901
- Net Assets: $44,671,132
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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) 646-4281Principal Officer
Don Smith
Main Address
201 W Business Hwy 36, Chillicothe, MO, 64601
Website
www.fec-co.comNTEE Category
Code: W80 - Public benefit
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