Overview
What is Farmers Rural Electric Cooperative Corporation?
Farmers Rural Electric Cooperative Corporation is a nonprofit organization headquartered in Glasgow, Kentucky. With a mission to provide dependable electric service to its member-owners at an affordable cost, the cooperative served 26,254 customers as of December 31, 2021. The cooperative's primary activity revolves around the distribution of electricity in rural areas. Employing a workforce of 73 individuals, Farmers RECC strives to enhance the quality of life for its members and communities by delivering reliable and competitively priced energy services.
Official website here: www.farmersrecc.com
Is Farmers Rural Electric Cooperative Corporation legitimate?
Farmers Rural Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Farmers Rural Electric Cooperative Corporation 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: $340,517
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,437,203
For more financial information, click here
Official website here: www.farmersrecc.com
What is the mission statement of Farmers Rural Electric Cooperative Corporation?
Farmers Rural Electric Cooperative Corporation is dedicated to providing reliable electric service to its member-owners in a cost-effective manner. Their mission goes beyond just energy distribution, as they aim to enhance the quality of life for their communities. As of December 31, 2021, they served 26,254 customers. The cooperative strives to deliver competitively priced energy services, ensuring that its members can rely on a consistent power supply for their daily needs. The organization's commitment to its member-owners extends beyond electricity, as it seeks to contribute positively to their overall well-being.
Official website here: www.farmersrecc.com
Who is the CEO of Farmers Rural Electric Cooperative Corporation?
Tobias B Moss is the Chairman of Farmers Rural Electric Cooperative Corporation. The CEO's salary of Farmers Rural Electric Cooperative Corporation is $225,367 and their total compensation is $296,756.
Official website here: www.farmersrecc.com
What is the revenue of Farmers Rural Electric Cooperative Corporation?
Farmers Rural Electric Cooperative Corporation's revenue in 2022 was $67,395,267.
Official website here: www.farmersrecc.com
Who are the executives of Farmers Rural Electric Cooperative Corporation and what are their salaries?
The average compensation at Farmers Rural Electric Cooperative Corporation during 2022 was $38,051. There are 73 employees at Farmers Rural Electric Cooperative Corporation.
Here are 14 key members and their salaries (Farmers Rural Electric Cooperative Corporation's CEO's salary is $225,367 and their total compensation is $296,756):
- Compensation: $20,200
- Related: $0
- Other: $0
- Compensation: $15,700
- Related: $0
- Other: $0
- Compensation: $16,600
- Related: $0
- Other: $0
- Compensation: $14,350
- Related: $0
- Other: $0
- Compensation: $16,900
- Related: $0
- Other: $0
- Compensation: $14,800
- Related: $0
- Other: $0
- Compensation: $16,600
- Related: $0
- Other: $0
- Compensation: $225,367
- Related: $0
- Other: $71,389
- Compensation: $117,697
- Related: $0
- Other: $46,946
- Compensation: $123,952
- Related: $0
- Other: $53,873
- Compensation: $122,746
- Related: $0
- Other: $47,292
- Compensation: $107,878
- Related: $0
- Other: $26,284
- Compensation: $121,965
- Related: $0
- Other: $48,945
- Compensation: $104,027
- Related: $0
- Other: $48,712
Official website here: www.farmersrecc.com
Where can I find the form 990 for Farmers Rural Electric Cooperative Corporation?
Farmers Rural Electric Cooperative Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.farmersrecc.com
Learn more at the official website: www.farmersrecc.com
Mission Statement of Farmers Rural Electric Cooperative Corporation
Farmers Rural Electric Cooperative Corporation, or Farmers RECC, is a mission-driven rural electric distribution system. With a commitment to providing reliable and affordable energy services, the cooperative aims to enhance the quality of life for its member-owners. Farmers RECC's mission is geared towards delivering dependable and competitively priced electricity to its clientele, ensuring their daily needs are met efficiently.
As of December 31, 2021, the cooperative successfully distributed electricity to over 26,000 customers. This achievement underscores Farmers RECC's dedication to ensuring uninterrupted electric service to its rural communities. By prioritizing cost-effectiveness, the cooperative is able to offer competitive rates, enabling its members to manage their energy expenses more comfortably. Farmers RECC's unwavering focus on reliability and affordability sets it apart as a trusted energy provider, serving the unique needs of rural areas.
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Impact
October, 2024
Farmers Rural Electric Cooperative Corporation significantly impacts the communities it serves by providing reliable and cost-effective electric service to its members. As of December 31, 2021, it distributed electricity to 26,254 customers in and around Glasgow, Kentucky. The cooperative’s commitment to delivering competitively priced energy enhances the quality of life for its member-owners, ensuring access to essential services that support both individual households and local businesses. By focusing on dependable energy solutions, Farmers RECC plays a vital role in fostering economic stability and community development in the region.
This information is meant to be a general summary of Farmers Rural Electric Cooperative Corporation. 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: $21,240
- Program Service Revenue: $65,454,721
- Gross Receipts: $67,395,267
Assets and Liabilities:
- Total Assets: $129,515,239
- Total Liabilities: $75,139,836
- Net Assets: $54,375,403
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DISTRIBUTION OF ELECTRICITY
Revenue
$60,864,735
DISTRIBUTION OF PORPANE
Revenue
$4,589,986
Organization Details
Founding Year
1938
Phone
(270) 651-2191Principal Officer
Tobias B Moss
Main Address
504 SOUTH BROADWAY, GLASGOW, KY, 42141
Website
www.farmersrecc.comNTEE Category
Code: W80 - Public benefit
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