Overview
What is Fort Loudoun Electric Cooperative?
Fort Loudoun Electric Cooperative is a nonprofit organization situated in Venore, Tennessee (PO Box 1030). With a dedicated team of 86 employees, their mission is to bring electricity to rural communities in Monroe, Loudon, and Blount Counties in East Tennessee. The cooperative is focused on providing essential electric services to these areas, ensuring that residents and businesses in these counties have access to reliable electricity.
Official website here: www.flec.org
What are the reviews and ratings of this charity?
The Fort Loudoun Electric Cooperative is not currently rated by Charity Navigator, primarily because it is not a 501(c)(3) IRS registered nonprofit. Charity Navigator can only evaluate nonprofits registered under this category. Therefore, the absence of a rating does not reflect positively or negatively on the organization.
As an independent organization, the Cooperative's IRS published data is available, but detailed information on total revenue, expenses, and salaries of key persons is not provided. This limits a comprehensive analysis of its fiscal accountability and transparency through popular nonprofit evaluation methods.
There are no user reviews available on GreatNonprofits to provide additional insights into the public's perception of Fort Loudoun Electric Cooperative. Without these reviews, further assessment from the perspective of service users or beneficiaries is unavailable.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Loudoun Electric Cooperative legitimate?
Fort Loudoun Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fort Loudoun Electric Cooperative 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: $932,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,636,248
For more financial information, click here
Official website here: www.flec.org
What is the mission statement of Fort Loudoun Electric Cooperative?
Fort Loudoun Electric Cooperative is dedicated to bringing electricity to rural communities in Monroe, Loudon, and Blount Counties in East Tennessee. Their mission is to ensure that residents in these areas have reliable access to electricity, enhancing their quality of life and supporting the development of local communities. Through the provision of electric services, they aim to foster economic growth and create opportunities for residents in these rural regions. By focusing on electrification, Fort Loudoun Electric Cooperative plays a crucial role in improving infrastructure and providing essential services to those living in these areas.
Official website here: www.flec.org
Who is the CEO of Fort Loudoun Electric Cooperative?
Jarrod Brackett is the CEO of Fort Loudoun Electric Cooperative The CEO's salary of Fort Loudoun Electric Cooperative is $191,437 and their total compensation is $234,482.
Official website here: www.flec.org
What is the revenue of Fort Loudoun Electric Cooperative?
Fort Loudoun Electric Cooperative's revenue in 2024 was $82,796,643.
Official website here: www.flec.org
Who are the executives of Fort Loudoun Electric Cooperative and what are their salaries?
The average compensation at Fort Loudoun Electric Cooperative during 2024 was $79,145. There are 83 employees at Fort Loudoun Electric Cooperative.
Here are 19 key members and their salaries (Fort Loudoun Electric Cooperative's CEO's salary is $191,437 and their total compensation is $234,482):
- Compensation: $10,500
- Related: $0
- Other: $0
- Compensation: $8,550
- Related: $0
- Other: $0
- Compensation: $8,700
- Related: $0
- Other: $0
- Compensation: $11,100
- Related: $0
- Other: $0
- Compensation: $9,600
- Related: $0
- Other: $0
- Compensation: $8,250
- Related: $0
- Other: $0
- Compensation: $11,310
- Related: $0
- Other: $0
- Compensation: $10,050
- Related: $0
- Other: $0
- Compensation: $132,462
- Related: $0
- Other: $35,572
- Compensation: $123,319
- Related: $0
- Other: $29,654
- Compensation: $191,437
- Related: $0
- Other: $43,045
- Compensation: $166,528
- Related: $0
- Other: $39,780
- Compensation: $169,471
- Related: $0
- Other: $42,308
- Compensation: $165,324
- Related: $0
- Other: $38,781
- Compensation: $130,339
- Related: $0
- Other: $34,803
- Compensation: $146,977
- Related: $0
- Other: $20,440
- Compensation: $174,555
- Related: $0
- Other: $16,537
- Compensation: $118,476
- Related: $0
- Other: $16,548
- Compensation: $149,191
- Related: $0
- Other: $31,666
Official website here: www.flec.org
Where can I find the form 990 for Fort Loudoun Electric Cooperative?
Fort Loudoun Electric Cooperative's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.flec.org
Learn more at the official website: www.flec.org
Mission Statement of Fort Loudoun Electric Cooperative
Fort Loudoun Electric Cooperative, a crucial nonprofit organization, dedicates itself to bringing electricity to rural communities in Monroe, Loudon, and Blount Counties in East Tennessee. This mission is driven by the cooperative's unwavering commitment to ensuring that residents in these areas have access to essential electric services. By providing electricity, Fort Loudoun Electric Cooperative not only enhances the quality of life for its members but also fosters economic opportunities and community development. Through its tireless efforts, the cooperative has played a pivotal role in electrifying rural Tennessee, thereby bridging the gap between urban and rural electric infrastructure.
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Impact
October, 2024
Fort Loudoun Electric Cooperative plays a vital role in enhancing the quality of life in rural areas of Monroe, Loudon, and Blount Counties in East Tennessee by providing reliable electricity. This access to electricity not only powers homes but also supports local businesses, contributes to economic development, and enables easier access to modern conveniences and technologies. By ensuring that these communities stay connected and energized, Fort Loudoun Electric Cooperative fosters growth and sustainability, ultimately improving the overall well-being of residents in the region.
This information is meant to be a general summary of Fort Loudoun Electric Cooperative. 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 2024.
- Investment Income: $623,572
- Program Service Revenue: $79,897,081
- Gross Receipts: $82,796,643
Assets and Liabilities:
- Total Assets: $117,508,880
- Total Liabilities: $19,697,563
- Net Assets: $97,811,317
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SALES
Revenue
$79,897,081
Organization Details
Founding Year
1940
Principal Officer
Michael C Webb
Website
www.flec.orgNTEE Category
Code: W80 - Public benefit
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