Farmers Electric Company Limited

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

EIN: 820293464 ✦ Burley, ID ✦ Designated as a 501(c)(12)

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Overview

What is Farmers Electric Company Limited?

Farmers Electric Company Limited is a public utilities organization, situated in its mission to provide essential electric services to rural communities. As a nonprofit entity, their primary focus is on ensuring reliable and efficient power supply to these remote areas, upholding the principle of rural electrification. Though the information provided is limited, it's clear that Farmers Electric Company Limited plays a crucial role in enhancing the quality of life in rural communities by providing them with a stable source of electricity.

Is Farmers Electric Company Limited legitimate?

Farmers Electric Company Limited is a legitimate nonprofit organization registered as a 501(c)(12) entity. Farmers Electric Company Limited 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: $3,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,231

For more financial information, click here

What is the mission statement of Farmers Electric Company Limited?

Farmers Electric Company Limited, functioning as a public utilities organization, is committed to providing rural electric service as its primary mission. This mission involves supplying electricity to rural areas, ensuring access to this essential resource for communities that may otherwise be underserved. By focusing on rural electric service, Farmers Electric Company Limited contributes to the improvement of living standards and the development of these communities.

Who is the CEO of Farmers Electric Company Limited?

Gary Buerkle is the President of Farmers Electric Company Limited.

What is the revenue of Farmers Electric Company Limited?

Farmers Electric Company Limited's revenue in 2022 was $64,747.

Who are the executives of Farmers Electric Company Limited and what are their salaries?

The average compensation at Farmers Electric Company Limited during 2022 was $14,431. There is 1 employee at Farmers Electric Company Limited.


Here are 5 key members and their salaries:


Gary Buerkle (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mervyn Baird (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Goin (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Bailes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Farmers Electric Company Limited?

Farmers Electric Company Limited's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Farmers Electric Company Limited

Farmers Electric Company Limited, as a public utilities organization, is dedicated to providing rural electric service as its primary mission. This mission involves delivering reliable and essential electricity to rural communities, ensuring that these areas have access to the same basic amenities that are common in urban areas. By operating as a provider of rural electric service, Farmers Electric Company Limited plays a crucial role in improving the living standards and quality of life for individuals and families living in rural areas. The company's mission is grounded in the belief that everyone deserves access to reliable electricity, regardless of their geographical location.

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Impact




October, 2024

Farmers Electric Company Limited plays a crucial role in enhancing the quality of life and economic development in rural areas by providing reliable electric service. By ensuring access to electricity, the organization supports local businesses, facilitates education, and improves overall living conditions for residents. This availability of power is essential for modern conveniences and essential services, contributing to community well-being and sustainability.

Operating in Burley, Idaho, Farmers Electric Company Limited focuses on meeting the unique needs of rural populations, often facing challenges in accessing reliable energy. This commitment helps empower communities, making it easier for them to adopt new technologies and innovations.

The organization's public utility status reflects its dedication to serving the community's best interests, ensuring that rural residents can benefit from the same level of service that urban areas enjoy. By fostering energy access, Farmers Electric Company Limited not only supports current residents but also helps attract new businesses and families, contributing to the growth and vibrancy of rural Idaho.




This information is meant to be a general summary of Farmers Electric Company Limited. 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
$64,747 (2022)
Expenses
$98,539 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $105
  • Program Service Revenue: $64,642
  • Gross Receipts: $64,747

Assets and Liabilities:

  • Total Assets: $411,401
  • Total Liabilities: $1,058
  • Net Assets: $410,343

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Programs

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

RURAL ELECTRIC SALES

Revenue

$265,228

LESS PURCHASED ENERGY

Revenue

-$200,586

Organization Details

Founding Year

1914

Principal Officer

Gary Buerkle

Main Address

1408 POMERELLE AVE SUITE C, BURLEY, ID, 83318

NTEE Category

Code: W80 - Public benefit

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