Overview
What is Farmers Electric Cooperative Inc Of New Mexico?
Farmers Electric Cooperative of New Mexico is a nonprofit organization dedicated to delivering quality and dependable electric services to its member base. With over 16,000 active services in operation at the end of the year, the cooperative allocates patronage capital to ensure the accomplishment of its mission. The primary focus revolves around delivering reliable electric service to its community.
Official website here: www.fecnm.org
What are the reviews and ratings of this charity?
Farmers Electric Cooperative Inc of New Mexico is not currently rated by Charity Navigator. This lack of assessment is largely due to the organization's status as a non-501(c)(3) entity, which excludes it from Charity Navigator’s usual evaluation processes that cater predominantly to charitable nonprofits.
The organization's foundation status and affiliation as an independent body mean it operates outside the parameters set for accountability and impact measurements usually applied to charitable organizations. The absence of electronically-filed Form 990 data further limits financial transparency, although this does not inherently reflect on the organization's performance or governance.
No user reviews are available from GreatNonprofits to provide additional insights into public perception or stakeholder feedback. This leaves a limited view of the cooperative's broader effectiveness, community impact, and operational methodologies from a non-financial perspective.
This AI summary has been generated from information found on Charity Navigator.
Is Farmers Electric Cooperative Inc Of New Mexico legitimate?
Farmers Electric Cooperative Inc Of New Mexico is a legitimate nonprofit organization registered as a 501(c)(12) entity. Farmers Electric Cooperative Inc Of New Mexico 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: $836,029
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,970,787
For more financial information, click here
Official website here: www.fecnm.org
What is the mission statement of Farmers Electric Cooperative Inc Of New Mexico?
Farmers Electric Cooperative Inc Of New Mexico is committed to delivering top-notch and dependable electric service to its cooperative members. This mission is achieved by the cooperative through the allocation of patronage capital, ensuring the satisfaction of 16,028 active services at the end of the year. The cooperative prioritizes the provision of high-quality electricity to enhance the daily lives of its members. By focusing on reliability and efficiency, Farmers Electric Cooperative of New Mexico aims to build a strong and connected community. Additionally, the cooperative's dedication to maintaining a robust electricity network ensures that its members always have access to the essential power they need to thrive.
Official website here: www.fecnm.org
Who is the CEO of Farmers Electric Cooperative Inc Of New Mexico?
Antonio Sanchez Jr is the President of Farmers Electric Cooperative Inc Of New Mexico. The CEO's salary of Farmers Electric Cooperative Inc Of New Mexico is $103,680 and their total compensation is $154,803.
Official website here: www.fecnm.org
What is the revenue of Farmers Electric Cooperative Inc Of New Mexico?
Farmers Electric Cooperative Inc Of New Mexico's revenue in 2022 was $47,264,526.
Official website here: www.fecnm.org
Who are the executives of Farmers Electric Cooperative Inc Of New Mexico and what are their salaries?
The average compensation at Farmers Electric Cooperative Inc Of New Mexico during 2022 was $65,635. There are 58 employees at Farmers Electric Cooperative Inc Of New Mexico.
Here are 16 key members and their salaries (Farmers Electric Cooperative Inc Of New Mexico's CEO's salary is $103,680 and their total compensation is $154,803):
- Compensation: $4,901
- Related: $0
- Other: $0
- Compensation: $4,527
- Related: $0
- Other: $0
- Compensation: $2,927
- Related: $0
- Other: $0
- Compensation: $2,600
- Related: $0
- Other: $0
- Compensation: $4,927
- Related: $0
- Other: $0
- Compensation: $3,527
- Related: $0
- Other: $0
- Compensation: $3,079
- Related: $0
- Other: $0
- Compensation: $146,566
- Related: $0
- Other: $152,806
- Compensation: $115,450
- Related: $0
- Other: $62,260
- Compensation: $112,183
- Related: $0
- Other: $65,473
- Compensation: $103,680
- Related: $0
- Other: $51,123
- Compensation: $117,906
- Related: $0
- Other: $32,518
- Compensation: $121,335
- Related: $0
- Other: $5,129
- Compensation: $113,100
- Related: $0
- Other: $56,662
- Compensation: $111,726
- Related: $0
- Other: $120,677
- Compensation: $111,488
- Related: $0
- Other: $54,750
Official website here: www.fecnm.org
Where can I find the form 990 for Farmers Electric Cooperative Inc Of New Mexico?
Farmers Electric Cooperative Inc Of New Mexico's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fecnm.org
Learn more at the official website: www.fecnm.org
Mission Statement of Farmers Electric Cooperative Inc Of New Mexico
Farmers Electric Cooperative of New Mexico, a dedicated organization, is committed to delivering quality and reliable electric service to its members. With a mission deeply rooted in its name, the cooperative prioritizes the needs of its community, serving a total of 16,028 active services at the end of the year. Through the allocation of patronage capital, Farmers Electric Cooperative ensures the provision of high-quality electricity that fuels the daily lives of its members. This commitment to excellence extends beyond the power grid as the cooperative strives to maintain a strong and dependable infrastructure, ultimately contributing to the overall well-being of the communities it serves. By focusing on the delivery of unwavering electric service, Farmers Electric Cooperative of New Mexico plays a vital role in enhancing the quality of life for its members, fostering a sense of trust and stability within its community.
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Impact
October, 2024
Farmers Electric Cooperative Inc of New Mexico significantly impacts its members by providing quality and reliable electric service. Serving 16,028 active services as of the end of the year, the cooperative ensures that the community has access to essential electricity, which is vital for both residential and commercial needs. By prioritizing dependable service, the cooperative plays a crucial role in fostering economic stability and supporting daily life in the region.
The cooperative's practice of allocating patronage capital not only helps sustain its operations but also invests back into the community, potentially enhancing local infrastructure and services. This commitment to its members reflects a focus on public benefit, ensuring that the needs and interests of the community are met while promoting energy reliability and accessibility. Overall, Farmers Electric Cooperative is a cornerstone of the Clovis, NM area, contributing to the well-being and development of the community it serves.
This information is meant to be a general summary of Farmers Electric Cooperative Inc Of New Mexico. 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: $267,119
- Program Service Revenue: $46,990,855
- Gross Receipts: $47,264,526
Assets and Liabilities:
- Total Assets: $137,800,646
- Total Liabilities: $80,395,080
- Net Assets: $57,405,566
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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
$46,135,426
PATRONAGE DIVIDENDS
Revenue
$842,604
SERVICE FEES
Revenue
$12,825
Organization Details
Founding Year
1937
Phone
(575) 762-4466Principal Officer
Antonio Sanchez Jr
Main Address
PO BOX 550, CLOVIS, NM, 881020550
Website
www.fecnm.orgNTEE Category
Code: W80 - Public benefit
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