Firelands Electric Cooperative Inc

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

EIN: 344232845 ✦ New london, OH ✦ Designated as a 501(c)(12)

Overview

What is Firelands Electric Cooperative Inc?

Firelands Electric Cooperative Inc is a nonprofit organization based in New London, Ohio. With a team of 35 dedicated employees, they serve as a rural electricity provider to approximately 7,933 members. Their mission is centered around the distribution of electric energy and associated services to the community they serve.


Official website here: www.firelandsec.com

Is Firelands Electric Cooperative Inc legitimate?

Firelands Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Firelands 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $351,083
Professional Fundraising Fees: $0
Other Salaries and Wages: $272,560

For more financial information, click here


Official website here: www.firelandsec.com

What is the mission statement of Firelands Electric Cooperative Inc?

Firelands Electric Cooperative Inc is dedicated to providing rural electric energy and associated services to a membership of approximately 7,933 individuals. Their primary mission revolves around the distribution of electricity to aid in powering homes and businesses in rural areas. By doing so, they contribute to improving the quality of life in these communities. Additionally, they offer related services that ensure the reliable and efficient delivery of electricity. Through their efforts, Firelands Electric Cooperative Inc plays a crucial role in ensuring access to essential energy resources in the rural sector.


Official website here: www.firelandsec.com

Who is the CEO of Firelands Electric Cooperative Inc?

Daniel Schloemer is the Genl Mgr, Tr of Firelands Electric Cooperative Inc.


Official website here: www.firelandsec.com

What is the revenue of Firelands Electric Cooperative Inc?

Firelands Electric Cooperative Inc's revenue in 2022 was $22,829,839.


Official website here: www.firelandsec.com

Who are the executives of Firelands Electric Cooperative Inc and what are their salaries?

The average compensation at Firelands Electric Cooperative Inc during 2022 was $17,818. There are 35 employees at Firelands Electric Cooperative Inc.

Here are 12 key members and their salaries:

    Daniel Mcnaull (Genl Mgr, Tr) [Trustee/Director]
  • Compensation: $164,071
  • Related: $0
  • Other: $25,308

    • Tabitha Shepherd (Dir Fin&Acct)
  • Compensation: $140,617
  • Related: $0
  • Other: $41,687

    • Daniel Schloemer (Bd President) [Trustee/Director]
  • Compensation: $6,525
  • Related: $0
  • Other: $2,106

    • Robert Turk (Trustee)
  • Compensation: $5,150
  • Related: $0
  • Other: $2,239

    • Carl Ayers (Bd Sec/Treas) [Trustee/Director]
  • Compensation: $5,450
  • Related: $0
  • Other: $1,797

    • Bruce Leimbach (Bd V-Preside) [Trustee/Director]
  • Compensation: $5,450
  • Related: $0
  • Other: $1,660

    • Thomas Lucha (Trustee)
  • Compensation: $5,125
  • Related: $0
  • Other: $1,878

    • John Martin (Trustee)
  • Compensation: $4,800
  • Related: $0
  • Other: $1,642

    • Richard Reidy (Trustee)
  • Compensation: $4,450
  • Related: $0
  • Other: $1,864

    • Gene Lamoreaux (Trustee)
  • Compensation: $4,270
  • Related: $0
  • Other: $1,745

    • Elaine Oswald (Trustee)
  • Compensation: $3,150
  • Related: $0
  • Other: $1,199

    • W E Anderson (Trustee)
  • Compensation: $2,025
  • Related: $0
  • Other: $657


  • Official website here: www.firelandsec.com

    Where can I find the form 990 for Firelands Electric Cooperative Inc?

    The Firelands Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.firelandsec.com

    Learn more at the official website: www.firelandsec.com

    Mission Statement of Firelands Electric Cooperative Inc

    Firelands Electric Cooperative Inc is dedicated to providing rural distribution of electric energy and related services to 7,933 members. In simple terms, this cooperative plays a crucial role in bringing electricity to rural communities, ensuring that its members have access to this essential resource.

    The mission of Firelands Electric Cooperative Inc goes beyond just supplying electricity. It is an organization committed to delivering reliable and sustainable energy solutions to its members. With a deep sense of responsibility towards its community, the cooperative strives to meet the unique energy needs of each household and business in its network. By focusing on rural distribution, Firelands Electric Cooperative Inc prioritizes serving areas that may not be easily reached by larger energy providers.

    Firelands Electric Cooperative Inc is more than just a power supplier; it is a partner to its members. It is a team that understands the importance of a stable electricity supply and takes pride in ensuring that its members have access to the energy they need to live comfortable and productive lives. The cooperative's commitment to its members shines through in its dedication to providing top-notch customer service and addressing any issues promptly. With a strong focus on community engagement and sustainable practices, Firelands Electric Cooperative Inc is not just a business; it is a vital part of the rural communities it serves.

    Impact

    This information is meant to be a general summary of Firelands Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Firelands Electric Cooperative Inc impacts the community by providing rural distribution of electric energy and related services to its 7,933 members in New London, Ohio. Their activities help ensure that residents in rural areas have access to reliable electricity, benefiting individuals, families, and businesses in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $36,118
  • Program Service Revenue: $22,116,905
  • Gross Receipts: $22,829,839

    • Assets and Liabilities:
  • Total Assets: $51,498,648
  • Total Liabilities: $26,431,346
  • Net Assets: $25,067,302
  • Programs

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

    SALE OF ELECTRIC

    Revenue

    $22,116,905

    Organization Details

    Founding Year

    1936

    Principal Officer

    Daniel Schloemer

    Main Address

    PO BOX 32, NEW LONDON, OH, 44851

    NTEE Category

    Code: W80 - Public benefit

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