Overview
What is Fannin County Electric Cooperative Inc?
Fannin Electric Cooperative Inc is a nonprofit organization dedicated to delivering quality and reliable electric service to its 11,606 active members in a cooperative manner. Through patronage capital, they ensure the provision of essential electric needs in a cost-effective and community-driven approach. Their mission is to allocate resources towards maintaining the highest standard of electric service for their members.
Official website here: www.fcec.coop
What are the reviews and ratings of this charity?
Fannin County Electric Cooperative Inc is not currently rated by Charity Navigator. This absence of a rating indicates that the organization has not met the specific criteria required by Charity Navigator, primarily because it is not registered as a 501(c)(3) nonprofit. This status prevents any evaluation using the methods of Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability.
While Charity Navigator offers insights on many nonprofits, it specifically evaluates those registered as 501(c)(3) organizations. Fannin County Electric Cooperative does not qualify under this category; hence, data like total revenue, expenses, and salaries of key personnel are not available for public review through this platform. This lack of financial transparency may limit potential donors and stakeholders from fully understanding the organization's operational efficacy.
There are no user reviews available from GreatNonprofits for Fannin County Electric Cooperative Inc, leaving a gap in understanding public and beneficiary views of the organization's impact and service quality. Such feedback could offer additional insights into the organization's community engagement and effectiveness, which formal ratings do not cover.
This AI summary has been generated from information found on Charity Navigator.
Is Fannin County Electric Cooperative Inc legitimate?
Fannin County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fannin County 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: $721,189
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,598,807
For more financial information, click here
Official website here: www.fcec.coop
What is the mission statement of Fannin County Electric Cooperative Inc?
Fannin County Electric Cooperative Inc is dedicated to delivering quality and reliable electric service to its 11,606 active members on a cooperative basis. The cooperative allocates patronage capital to ensure the provision of uninterrupted power to its community. By working together as a cooperative, Fannin Electric Cooperative is able to offer affordable electric services to its members. Its primary goal is to maintain a strong electrical infrastructure, ensuring consistent power delivery. The cooperative's commitment to its members also includes a focus on customer service and fostering a sense of community among its users.
Official website here: www.fcec.coop
Who is the CEO of Fannin County Electric Cooperative Inc?
John Ed Shinpaugh is the Vice-President of Fannin County Electric Cooperative Inc. The CEO's salary of Fannin County Electric Cooperative Inc is $262,244 and their total compensation is $378,450.
Official website here: www.fcec.coop
What is the revenue of Fannin County Electric Cooperative Inc?
Fannin County Electric Cooperative Inc's revenue in 2022 was $32,788,438.
Official website here: www.fcec.coop
Who are the executives of Fannin County Electric Cooperative Inc and what are their salaries?
The average compensation at Fannin County Electric Cooperative Inc during 2022 was $62,703. There are 37 employees at Fannin County Electric Cooperative Inc.
Here are 14 key members and their salaries (Fannin County Electric Cooperative Inc's CEO's salary is $262,244 and their total compensation is $378,450):
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $7,600
- Related: $0
- Other: $0
- Compensation: $7,800
- Related: $0
- Other: $0
- Compensation: $7,800
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $262,244
- Related: $0
- Other: $116,206
- Compensation: $213,438
- Related: $0
- Other: $76,101
- Compensation: $157,944
- Related: $0
- Other: $77,423
- Compensation: $149,035
- Related: $0
- Other: $95,759
- Compensation: $136,308
- Related: $0
- Other: $122,990
- Compensation: $128,399
- Related: $0
- Other: $32,377
- Compensation: $122,120
- Related: $0
- Other: $68,005
Official website here: www.fcec.coop
Where can I find the form 990 for Fannin County Electric Cooperative Inc?
Fannin County Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fcec.coop
Learn more at the official website: www.fcec.coop
Mission Statement of Fannin County Electric Cooperative Inc
Fannin Electric Cooperative, a dedicated nonprofit organization, is committed to delivering quality and dependable electric services to its 11,606 active members. The cooperative operates on a cooperative basis, meaning that it allocates patronage capital to ensure the provision of top-notch electric services to its community. Fannin Electric Cooperative goes above and beyond to meet the energy needs of its members, ensuring that every household and business stays connected and powered. By pooling resources together, the cooperative is able to offer affordable electric services, making a significant difference in the lives of those it serves. Fannin Electric Cooperative's mission extends beyond just providing electricity. With a cooperative approach, the organization fosters a strong sense of community and collaboration among its members, working together to maintain a robust and reliable electric infrastructure. Through its unwavering commitment to quality and affordability, Fannin Electric Cooperative continues to make a positive impact on the lives of its members.
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Impact
October, 2024
Fannin County Electric Cooperative Inc significantly impacts its community by delivering quality and reliable electric service to its 11,606 active members in Bonham, Texas. The cooperative is dedicated to serving its members at cost, ensuring that they receive affordable electricity while prioritizing the needs of the community. By allocating patronage capital, Fannin Electric Cooperative enhances service quality and fosters a sense of shared ownership among its members. This community-focused approach not only contributes to economic stability but also strengthens social ties within the region, ultimately benefiting all residents by providing essential services in an equitable manner.
This information is meant to be a general summary of Fannin County 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: $271,399
- Program Service Revenue: $32,344,486
- Gross Receipts: $32,800,203
Assets and Liabilities:
- Total Assets: $82,496,559
- Total Liabilities: $54,641,792
- Net Assets: $27,854,767
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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
$30,951,148
PATRONAGE DIVIDENDS
Revenue
$892,321
SERVICE FEES
Revenue
$346,632
WHOLESALE TRANSMISSION ACCESS
Revenue
$154,385
Organization Details
Founding Year
1939
Phone
(903) 583-2117Principal Officer
John Ed Shinpaugh
Main Address
PO BOX 250, BONHAM, TX, 75418
Website
www.fcec.coopNTEE Category
Code: W80 - Public benefit
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