Overview
What is Forked Deer Electric Cooperative Inc?
Forked Deer Electric Cooperative Inc is a nonprofit organization based in Halls, Tennessee. Their primary focus lies in generating electricity sales, derived from power transactions with their cooperative members. The revenues derived from these sales serve as a means to offset their power purchases. The cooperative employs a team of 49 individuals to ensure the smooth execution of their operations.
Official website here: www.forkeddeer.com
What are the reviews and ratings of this charity?
Forked Deer Electric Cooperative Inc does not currently have a rating from Charity Navigator. This absence of a rating is due to the organization not being registered as a 501(c)(3) nonprofit, which is a requirement for evaluation by Charity Navigator. As such, this lack of evaluation should not be interpreted as a reflection of the cooperative's effectiveness or financial health.
Charity Navigator evaluates organizations based on criteria like Accountability & Finance, but since Forked Deer Electric Cooperative is not a 501(c)(3), it does not meet the standards set for this analysis. Additionally, there is no available data regarding the cooperative's finances or key personnel salaries, as it lacks the necessary IRS Form 990 submissions.
Without user reviews from GreatNonprofits, there is no direct feedback available from the public on Forked Deer Electric Cooperative. Thus, while objective metrics or user experiences are not available, this does not constitute any definitive evaluation of the cooperative's performance or impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Forked Deer Electric Cooperative Inc?
80% of the 8 reviewers on Facebook recommend Forked Deer Electric Cooperative Inc. Here is a summary of their reviews:
The overall sentiment indicates satisfaction with the organization, particularly emphasizing the quality of service. Reviewers appreciate the respectful and kind demeanor of the staff, suggesting a positive customer experience.
In summary, the cooperative appears to effectively fulfill its promise of delivering excellent service, leaving community members feeling valued and well-treated.
This AI summary has been generated from reviews found on Facebook.
Is Forked Deer Electric Cooperative Inc legitimate?
Forked Deer Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Forked Deer 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: $220,189
Professional Fundraising Fees: $0
Other Salaries and Wages: $691,329
For more financial information, click here
Official website here: www.forkeddeer.com
What is the mission statement of Forked Deer Electric Cooperative Inc?
Forked Deer Electric Cooperative Inc generates electricity sales from supplying power to its cooperative members. The revenue earned is utilized to balance out the purchases of power. The cooperative's primary focus is on the distribution of electricity to its members, with the financial resources derived from the sales being essential for this purpose. The cooperative's role is to ensure a consistent power supply to its community, relying on the revenue to cover the costs of acquiring electricity.
Official website here: www.forkeddeer.com
Who is the CEO of Forked Deer Electric Cooperative Inc?
Jeffery Newman is the General Mana of Forked Deer Electric Cooperative Inc.
Official website here: www.forkeddeer.com
What is the revenue of Forked Deer Electric Cooperative Inc?
Forked Deer Electric Cooperative Inc's revenue in 2023 was $27,315,041.
Official website here: www.forkeddeer.com
Who are the executives of Forked Deer Electric Cooperative Inc and what are their salaries?
The average compensation at Forked Deer Electric Cooperative Inc during 2023 was $18,602. There are 49 employees at Forked Deer Electric Cooperative Inc.
Here are 10 key members and their salaries:
- Compensation: $186,569
- Related: $0
- Other: $0
- Compensation: $6,425
- Related: $0
- Other: $0
- Compensation: $5,300
- Related: $0
- Other: $0
- Compensation: $5,300
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.forkeddeer.com
Where can I find the form 990 for Forked Deer Electric Cooperative Inc?
Forked Deer Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.forkeddeer.com
Learn more at the official website: www.forkeddeer.com
Mission Statement of Forked Deer Electric Cooperative Inc
Forked Deer Electric Cooperative Inc, a notable cooperative, is dedicated to generating electricity sales from power transactions with its members. The revenues accrued from these sales serve a crucial purpose: they offset the cooperative's purchases of power.
In simple terms, Forked Deer Electric Cooperative Inc operates on a unique business model. It sells electricity to its members, who, in turn, enable the cooperative to afford the power it needs to maintain its operations. This cycle benefits both parties, with the cooperative ensuring a consistent power supply for its members while efficiently managing its financial resources.
The primary objective of Forked Deer Electric Cooperative Inc is to provide electricity to its cooperative members and effectively manage its financial commitments. By generating revenue through power sales, the cooperative is able to offset its expenses and continue delivering essential electricity services to its community.
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Impact
October, 2024
Forked Deer Electric Cooperative Inc significantly contributes to its community by providing reliable electricity to its members in Hall, Tennessee. The cooperative generates revenue through the sale of power, which is then reinvested to offset the costs of purchasing electricity. This ensures that members receive affordable and dependable power, enhancing the overall quality of life in the area.
By focusing on meeting the energy needs of its members, Forked Deer Electric Cooperative plays a vital role in supporting local development and economic growth. The cooperative’s operations help maintain a stable energy supply, which is essential for residential, commercial, and industrial activities in the region. Additionally, the cooperative embraces a mission centered on public benefit, reflecting its commitment to serving the community and ensuring access to essential services.
The cooperative not only addresses energy needs but also fosters a sense of community among its members, promoting engagement and collaboration. The revenues generated support the long-term sustainability of the cooperative, ensuring that it can continue to serve its members effectively and adapt to evolving energy demands. Overall, Forked Deer Electric Cooperative Inc is integral to the economic vitality and well-being of the Hall community, providing essential public benefit through its services.
This information is meant to be a general summary of Forked Deer 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 2023.
- Investment Income: $1,219,848
- Program Service Revenue: $25,952,574
- Gross Receipts: $27,315,041
Assets and Liabilities:
- Total Assets: $64,335,725
- Total Liabilities: $41,030,658
- Net Assets: $23,305,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL SALES
Revenue
$18,732,468
RENT FROM ELECTRIC PROPERTY
Revenue
$3,032,184
LARGE LIGHTING & POWER SALES
Revenue
$2,413,561
SMALL LIGHTING & POWER SALES
Revenue
$2,212,594
FD CONNECT
Revenue
$1,674,351
Organization Details
Founding Year
1940
Phone
(731) 836-7508Principal Officer
Jeffery Newman
Main Address
PO BOX 67, HALLS, TN, 38040
Website
www.forkeddeer.comNTEE Category
Code: W80 - Public benefit
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