Overview
What is Fayette Electric Cooperative Inc?
Fayette Electric Cooperative Inc, located in La Grange, Texas (PO Box 490), is a nonprofit organization dedicated to providing reliable and cost-effective electric service to its member-owners. With a team of 43 employees, they allocate patronage capital for the sale of electric energy on a cooperative basis, serving 15,912 active services at year end. The mission of Fayette Electric Cooperative is to ensure the delivery of affordable electricity to its members.
Official website here: www.fayette.coop
What do the Facebook reviews say about Fayette Electric Cooperative Inc?
96% of 15 reviewers on Facebook recommend Fayette Electric Cooperative Inc. Here is a summary of their reviews:
The feedback indicates a high level of satisfaction with the services provided by the cooperative. One specific review expressed appreciation for the work done on CR 226, highlighting timely and effective service.
Overall, the sentiment reflects a positive experience among users, suggesting that Fayette Electric Cooperative Inc effectively meets community needs and maintains good relationships with its members.
This AI summary has been generated from reviews found on Facebook.
Is Fayette Electric Cooperative Inc legitimate?
Fayette Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fayette 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: $356,653
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,027,382
For more financial information, click here
Official website here: www.fayette.coop
What is the mission statement of Fayette Electric Cooperative Inc?
Fayette Electric Cooperative Inc is dedicated to delivering reliable and cost-effective electric service to its member-owners. The cooperative's primary mission is to provide essential electricity needs, ensuring a consistent power supply to those it serves. Through cooperative sales of electric energy, the organization builds patronage capital, which benefits its members in the long run. In the fiscal year, there were 15,912 active services under the cooperative's care. By prioritizing reliability and affordability, Fayette Electric Cooperative Inc continues to uphold its commitment to its members.
Official website here: www.fayette.coop
Who is the CEO of Fayette Electric Cooperative Inc?
Gary Don Nietsche is the President of Fayette Electric Cooperative Inc.
Official website here: www.fayette.coop
What is the revenue of Fayette Electric Cooperative Inc?
Fayette Electric Cooperative Inc's revenue in 2022 was $35,384,324.
Official website here: www.fayette.coop
Who are the executives of Fayette Electric Cooperative Inc and what are their salaries?
The average compensation at Fayette Electric Cooperative Inc during 2022 was $55,443. There are 43 employees at Fayette Electric Cooperative Inc.
Here are 12 key members and their salaries:
- Compensation: $17,901
- Related: $0
- Other: $0
- Compensation: $19,931
- Related: $0
- Other: $0
- Compensation: $17,931
- Related: $0
- Other: $0
- Compensation: $19,111
- Related: $0
- Other: $0
- Compensation: $17,511
- Related: $0
- Other: $0
- Compensation: $18,111
- Related: $0
- Other: $0
- Compensation: $18,711
- Related: $0
- Other: $0
- Compensation: $162,236
- Related: $0
- Other: $65,210
- Compensation: $114,411
- Related: $0
- Other: $51,012
- Compensation: $108,346
- Related: $0
- Other: $58,600
- Compensation: $104,341
- Related: $0
- Other: $83,557
- Compensation: $103,890
- Related: $0
- Other: $73,554
Official website here: www.fayette.coop
Where can I find the form 990 for Fayette Electric Cooperative Inc?
Fayette Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fayette.coop
Learn more at the official website: www.fayette.coop
Mission Statement of Fayette Electric Cooperative Inc
Fayette Electric Cooperative Inc, a cooperative entity, is committed to delivering dependable and economical electric services to its member-owners. The mission of this cooperative is geared towards ensuring that its members receive uninterrupted power supply at affordable rates.
Operating on a cooperative basis, Fayette Electric Cooperative Inc offers electric energy to its members through the allocation of patronage capital. This means that the profits generated from the sales of electricity are shared among the members, making the service more affordable for all. With over 15,912 active services at the end of the year, the cooperative's reach extends to a significant number of households and businesses.
Fayette Electric Cooperative Inc's dedication to reliable and cost-effective electric service is a testament to its commitment towards its members. By prioritizing affordability and dependability, the cooperative is able to build strong relationships with its members and contribute to their quality of life. The cooperative's mission is a driving force behind its operations, ensuring that its members receive the best possible electric service.
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Impact
October, 2024
Fayette Electric Cooperative Inc significantly enhances its community by delivering reliable and cost-effective electric service to its member-owners. With a commitment to operating on a cooperative basis, it ensures that the sale of electric energy is tailored to meet the needs of its members. At the end of the year, Fayette Electric Cooperative served 15,912 active services, demonstrating its extensive reach and commitment to providing essential power to its community.
By allocating patronage capital, the cooperative fosters a sense of ownership among its members, allowing them to benefit directly from the services provided. This model not only supports local economies but also strengthens community ties by prioritizing service over profit. Fayette Electric Cooperative Inc's mission is reflected in its dedication to delivering dependable energy solutions, ultimately enhancing the quality of life for its members in La Grange, TX, and beyond.
This information is meant to be a general summary of Fayette 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 2022.
- Investment Income: $45,916
- Program Service Revenue: $35,251,921
- Gross Receipts: $35,393,280
Assets and Liabilities:
- Total Assets: $95,911,280
- Total Liabilities: $59,322,211
- Net Assets: $36,589,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$34,413,386
PATRONAGE DIVIDENDS
Revenue
$486,404
SERVICE FEES
Revenue
$294,381
OTHER PROGRAM REVENUE
Revenue
$57,750
Organization Details
Founding Year
1939
Phone
(979) 968-3181Principal Officer
Gary Don Nietsche
Main Address
PO BOX 490, LA GRANGE, TX, 78945
Website
www.fayette.coopNTEE Category
Code: W80 - Public benefit
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