Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 636208857 ✦ Rainsville, AL ✦ Designated as a 501(c)(9)

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Overview

What is Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn?

Farmers Telecommunications Cooperative Voluntary Employees Beneficiary Association, based in Rainsville, Alabama, is a nonprofit organization. Their primary mission is to offer medical benefits to their participating members. Operating as fraternal beneficiary societies and voluntary employees associations, this association aims to support the health needs of its members with medical coverage. The organization's activities are centered around providing these medical benefits to its participants.

Is Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn legitimate?

Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn is a legitimate nonprofit organization registered as a 501(c)(9) entity. Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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What is the mission statement of Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn?

The Farmers Telecommunications Cooperative Voluntary Employees Beneficiary Association is dedicated to providing medical benefits to its participants. Operating as a fraternal beneficiary society and voluntary employees association, its mission is to offer healthcare support to those involved. The association aims to enhance the wellbeing of its participants by providing necessary medical coverage. While the information does not provide specific details, it can be inferred that the association is committed to promoting health and wellness among its members through its medical benefits offerings.

Who is the CEO of Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn?

Paul Higdon is the Trustee of Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn.

What is the revenue of Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn?

Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn's revenue in 2022 was $3,677,559.

Who are the executives of Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn and what are their salaries?


There is 1 key member and their salary:


Reliance Trust (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn?

Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn

The Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Association, often referred to as a fraternal beneficiary society or voluntary employees association, is dedicated to providing medical benefits to its participants. This nonprofit organization operates with the primary goal of extending essential healthcare services to its members, thereby enhancing their well-being. By offering medical benefits, the association aims to support the health needs of its participants, playing a significant role in their overall well-being.

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Impact




October, 2024

Farmers Telecommunications Cooperative Inc Voluntary Employees Beneficiary Association plays a significant role in enhancing the health and welfare of its members by providing essential medical benefits. Operating in Rainsville, AL, this organization helps participants access the healthcare services they need, alleviating financial burdens associated with medical expenses.

By functioning as a fraternal beneficiary society and a voluntary employees association, it fosters a sense of community and mutual support among its members. This collaborative environment not only promotes well-being but also instills a sense of belonging and security. The organization's commitment to medical benefits underscores its mission to improve the quality of life for its participants, making a tangible impact on the lives of individuals and families in the region.




This information is meant to be a general summary of Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn. 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.

Revenue
$3,677,559 (2022)
Expenses
$3,409,220 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $577,512
  • Program Service Revenue: $3,100,047
  • Gross Receipts: $5,234,673

Assets and Liabilities:

  • Total Assets: $10,707,025
  • Total Liabilities: $241,379
  • Net Assets: $10,465,646

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Employer Contribution

Revenue

$3,100,047

Organization Details

Founding Year

1997

Principal Officer

Paul Higdon

Main Address

P O Box 217, Rainsville, AL, 35986

NTEE Category

Code: Y43 - Mutual benefit

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