Overview
What is Fort Belknap Electric Cooperative Inc?
Fort Belknap Electric Cooperative Inc is a nonprofit organization based in Olney, Texas. Their primary mission is to provide affordable and reliable electric power to rural areas through a cooperative business model. With 6,200 meters/services at year end, they allocate patronage capital to sell electricity to their members at cost. The cooperative employs 29 individuals and aims to maintain financial integrity while delivering quality electric service to their member-owners.
Official website here: www.fortbelknapec.com
What are the reviews and ratings of this charity?
Fort Belknap Electric Cooperative Inc is not currently rated by Charity Navigator. This absence of a rating should not be seen positively or negatively; it simply reflects that an evaluation has not been conducted. Charity Navigator's current rating methods emphasize accountability, finance, and impact, along with other qualitative aspects, but the Fort Belknap Electric Cooperative Inc does not fall under their purview as it is not registered as a 501(c)(3) organization.
The Cooperative does not have available data regarding its revenue, expenses, or the salaries of key personnel typically used for Charity Navigator assessments. Their status as an independent organization indicates they operate separately from larger network influences and are autonomous in their activities. However, this also means they lack some standard methodologies for accountability and finance reviews designated for 501(c)(3) nonprofits.
Since no user reviews are available on GreatNonprofits, further public sentiment or individual experiences with the cooperative cannot be assessed at this time.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Belknap Electric Cooperative Inc legitimate?
Fort Belknap Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fort Belknap 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: $420,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,064,182
For more financial information, click here
Official website here: www.fortbelknapec.com
What is the mission statement of Fort Belknap Electric Cooperative Inc?
Fort Belknap Electric Cooperative Inc is committed to delivering reliable and quality electric service to its member-owners at an affordable and competitive cost. The cooperative operates on a cooperative basis, selling electricity to its members at cost. The organization prioritizes maintaining the financial integrity of the cooperative. At the end of the year, there were 6,200 meters and services being provided by the cooperative.
Official website here: www.fortbelknapec.com
Who is the CEO of Fort Belknap Electric Cooperative Inc?
Kendall Montgomery is the President of Fort Belknap Electric Cooperative Inc. The CEO's salary of Fort Belknap Electric Cooperative Inc is $144,448 and their total compensation is $220,496.
Official website here: www.fortbelknapec.com
What is the revenue of Fort Belknap Electric Cooperative Inc?
Fort Belknap Electric Cooperative Inc's revenue in 2022 was $17,327,038.
Official website here: www.fortbelknapec.com
Who are the executives of Fort Belknap Electric Cooperative Inc and what are their salaries?
The average compensation at Fort Belknap Electric Cooperative Inc during 2022 was $51,206. There are 29 employees at Fort Belknap Electric Cooperative Inc.
Here are 10 key members and their salaries (Fort Belknap Electric Cooperative Inc's CEO's salary is $144,448 and their total compensation is $220,496):
- Compensation: $23,260
- Related: $0
- Other: $0
- Compensation: $22,660
- Related: $0
- Other: $0
- Compensation: $22,274
- Related: $0
- Other: $0
- Compensation: $22,060
- Related: $0
- Other: $0
- Compensation: $22,060
- Related: $0
- Other: $0
- Compensation: $22,060
- Related: $0
- Other: $0
- Compensation: $22,004
- Related: $0
- Other: $0
- Compensation: $21,972
- Related: $0
- Other: $0
- Compensation: $21,960
- Related: $0
- Other: $0
- Compensation: $144,448
- Related: $0
- Other: $76,048
Official website here: www.fortbelknapec.com
Where can I find the form 990 for Fort Belknap Electric Cooperative Inc?
Fort Belknap Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fortbelknapec.com
Learn more at the official website: www.fortbelknapec.com
Mission Statement of Fort Belknap Electric Cooperative Inc
Fort Belknap Electric Cooperative Inc, a cooperative with a mission to provide electric power to rural areas, strives to deliver reliable and high-quality electric service to its member-owners at an affordable and competitive cost. With a strong emphasis on maintaining the financial integrity of the cooperative, Fort Belknap Electric Cooperative Inc aims to offer electric power to its members at cost, distributing patronage capital as part of this cooperative business model. The cooperative served approximately 6,200 meters or services at the end of the year.
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Impact
October, 2024
Fort Belknap Electric Cooperative Inc plays a crucial role in delivering electric power to rural areas, enhancing the quality of life for its members in Olney, Texas. By focusing on providing reliable, quality electric service at an affordable and competitive cost, the cooperative ensures that its 6,200 meters/services meet the energy needs of its community.
The cooperative operates on a model that prioritizes affordability while maintaining financial integrity, distributing power to its member-owners based on a patronage capital system. This approach not only keeps energy costs low, but it also fosters a sense of community and collective ownership among its members. The cooperative's commitment to serving rural regions helps to bridge the gap in access to reliable electricity, supporting local economic development and improving the overall well-being of its residents.
Overall, Fort Belknap Electric Cooperative Inc's impact is significant as it empowers its member-owners with essential services while ensuring that those services are delivered sustainably and economically.
This information is meant to be a general summary of Fort Belknap 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: $76,523
- Program Service Revenue: $17,243,763
- Gross Receipts: $17,327,038
Assets and Liabilities:
- Total Assets: $40,767,507
- Total Liabilities: $11,203,538
- Net Assets: $29,563,969
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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
$16,980,059
SERVICE FEES
Revenue
$147,425
OTHER ELECTRIC PROGRAM INCOME
Revenue
$62,965
PATRONAGE DIVIDENDS
Revenue
$53,314
Organization Details
Founding Year
1939
Phone
(940) 564-3526Principal Officer
Kendall Montgomery
Main Address
PO BOX 486, OLNEY, TX, 763740486
Website
www.fortbelknapec.comNTEE Category
Code: W80 - Public benefit
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