Overview
What is Fem Electric Association Inc?
Fem Electric Association Inc is a nonprofit organization, based in Ipswich, South Dakota (PO Box 468), that provides electric service to approximately 1,294 members. They maintain approximately 1,967 miles of overhead and underground lines. The Association's mission is to enhance the quality of life of its members by safely delivering reliable and cost-efficient electricity and other essential services. In 2022, they saw a decrease of 113.81 miles in overhead lines and an increase of 35.48 miles in underground lines. The organization employs 18 individuals and is dedicated to ensuring the safety and reliability of electric services to its members.
Official website here: www.femelectric.coop
What are the reviews and ratings of this charity?
Fem Electric Association Inc is not currently rated on Charity Navigator, mainly due to its status as a non-501(c)(3) organization. This means it does not fall under the purview of Charity Navigator's evaluation systems that assess aspects like Accountability & Finance or Impact & Measurement for such non-profit classifications. The absence of a rating should not be interpreted as a negative reflection; rather, it indicates that this organization has not undergone a specific type of scrutiny based on IRS registrations typical of charitable entities.
Charity Navigator does provide a historical framework primarily emphasizing Accountability and Finance. While past evaluations did not address areas such as Leadership & Adaptability or Culture & Community, the historical scope offers limited insights as the organization is categorized outside the typical charitable formations examined under 501(c)(3) guidelines. Furthermore, there is minimal financial data available, with no reported revenue or expenses.
There are no user reviews for Fem Electric Association Inc on GreatNonprofits, suggesting limited public engagement or feedback in this particular venue. This absence may contribute to a less comprehensive understanding of the organization's community impact or reputation within the sector.
This AI summary has been generated from information found on Charity Navigator.
Is Fem Electric Association Inc legitimate?
Fem Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fem Electric Association 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: $260,841
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,294,432
For more financial information, click here
Official website here: www.femelectric.coop
What is the mission statement of Fem Electric Association Inc?
The Fem Electric Association Inc is dedicated to enhancing the quality of life of its members by safely providing reliable and cost-efficient electricity and other services. Their mission is to ensure the delivery of essential electric services to approximately 1,294 members, while maintaining approximately 1,967 miles of overhead and underground lines. In the recent year of 2022, the overhead line infrastructure was reduced by 113.81 miles, while the underground lines were expanded by 35.48 miles. The association prioritizes safety in all its operations, aiming to provide uninterrupted power supply to its members.
Official website here: www.femelectric.coop
Who is the CEO of Fem Electric Association Inc?
Gary Bachman is the President of Fem Electric Association Inc. The CEO's salary of Fem Electric Association Inc is $155,839 and their total compensation is $304,143.
Official website here: www.femelectric.coop
What is the revenue of Fem Electric Association Inc?
Fem Electric Association Inc's revenue in 2022 was $17,398,603.
Official website here: www.femelectric.coop
Who are the executives of Fem Electric Association Inc and what are their salaries?
The average compensation at Fem Electric Association Inc during 2022 was $86,404. There are 18 employees at Fem Electric Association Inc.
Here are 7 key members and their salaries (Fem Electric Association Inc's CEO's salary is $155,839 and their total compensation is $304,143):
- Compensation: $8,414
- Related: $0
- Other: $0
- Compensation: $5,614
- Related: $0
- Other: $0
- Compensation: $4,910
- Related: $0
- Other: $0
- Compensation: $6,664
- Related: $0
- Other: $0
- Compensation: $6,489
- Related: $0
- Other: $0
- Compensation: $155,839
- Related: $0
- Other: $148,304
- Compensation: $111,525
- Related: $0
- Other: $122,883
Official website here: www.femelectric.coop
Where can I find the form 990 for Fem Electric Association Inc?
Fem Electric Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.femelectric.coop
Learn more at the official website: www.femelectric.coop
Mission Statement of Fem Electric Association Inc
Fem Electric Association Inc, a notable organization, is dedicated to enhancing the quality of life of its members by safely providing reliable and cost-efficient electricity and other essential services. Through its mission, the association works tirelessly to ensure the community it serves receives uninterrupted power supply and additional beneficial offerings.
The association prides itself on ensuring the safety and reliability of the electric services it delivers. By providing this crucial resource, Fem Electric Association Inc plays a pivotal role in enabling its members to lead comfortable and efficient lives. The nonprofit organization has successfully connected approximately 1,294 members, supplying them with power through around 1,967 miles of overhead and underground lines.
In the year 2022, Fem Electric Association Inc made significant strides in enhancing its infrastructure. Overhead lines decreased by 113.81 miles, while underground lines expanded by an impressive 35.48 miles. This expansion and improvement of the electric grid not only improve the reliability of the power supply but also contributes to the long-term sustainability and growth of the organization. The association's commitment to safety and efficiency is evident in its ongoing efforts to maintain and upgrade its infrastructure to meet the evolving needs of its members.
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Impact
October, 2024
Fem Electric Association Inc impacts the community by ensuring access to reliable and cost-efficient electricity for its members in Ipswich, South Dakota. With approximately 1,294 members served, the organization maintains around 1,967 miles of overhead and underground electrical lines, facilitating essential power for homes and businesses. The strategic infrastructure management—evident in the reduction of overhead lines and the increase in underground lines—demonstrates a commitment to safety and reliability. By consistently adapting its services, Fem Electric contributes to enhancing the overall quality of life for its members, enabling economic stability and growth within the community.
This information is meant to be a general summary of Fem Electric Association 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: $100,585
- Program Service Revenue: $17,257,317
- Gross Receipts: $18,018,654
Assets and Liabilities:
- Total Assets: $45,456,850
- Total Liabilities: $26,693,883
- Net Assets: $18,762,967
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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
$15,864,385
COOP CAPITAL CREDITS
Revenue
$1,392,932
Organization Details
Founding Year
1949
Phone
(605) 426-6891Principal Officer
Gary Bachman
Main Address
PO BOX 468, IPSWICH, SD, 574510468
Website
www.femelectric.coopNTEE Category
Code: Z99 - Unknown
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