Overview
What is Federated Rural Electric Association?
The Federated Rural Electric Association is a nonprofit organization, established in Jackson, Minnesota, with a presence in Jackson and Martin Counties, serving over 5,292 members since 1935. Their mission is to distribute energy and services in a cost-effective, reliable, and efficient manner. With a workforce of 33 employees, they have expanded their reach to include boundary customers in 11 additional counties, serving approximately 60 members in Iowa. The Association's commitment extends beyond providing electric service; they aim to enhance the lives of those they serve by ensuring safe, reliable, and affordable energy.
Official website here: www.federatedrea.coop
Is Federated Rural Electric Association legitimate?
Federated Rural Electric Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Federated Rural Electric Association 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: $519,849
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,979,911
For more financial information, click here
Official website here: www.federatedrea.coop
What is the mission statement of Federated Rural Electric Association?
The Federated Rural Electric Association is dedicated to delivering safe, dependable, and affordable energy and essential services to its member-owners. The cooperative's commitment extends beyond providing electricity, enhancing the lives of those it serves. Since its inception in 1935, it has consistently ensured that rural customers in Jackson and Martin counties in Minnesota, as well as some smaller towns, have access to reliable electric service. Furthermore, the association offers electric service to boundary customers in 11 additional counties, encompassing approximately 60 members in Iowa.
Official website here: www.federatedrea.coop
Who is the CEO of Federated Rural Electric Association?
Scott Reimer is the President of Federated Rural Electric Association.
Official website here: www.federatedrea.coop
What is the revenue of Federated Rural Electric Association?
Federated Rural Electric Association's revenue in 2022 was $40,566,669.
Official website here: www.federatedrea.coop
Who are the executives of Federated Rural Electric Association and what are their salaries?
The average compensation at Federated Rural Electric Association during 2022 was $75,750. There are 33 employees at Federated Rural Electric Association.
Here are 14 key members and their salaries:
- Scott Reimer (General Manager)
- Matt Madden (Operations Manager)
- Christopher Borchardt (Lineman)
- Julie Resch (Cfo)
- Kollin Vandevere (Jackson Foreman)
- Michael Kleinschmidt (Lineman)
- Casey Schoellerman (Lineman)
- David A Hansen (President) [Trustee/Director]
- Darv Voss (Secretary-Treasurer) [Trustee/Director]
- Bruce Brockmann (Director)
- Scott J Thiesse (Director)
- Glenn Dicks (Director)
- Jon Saxen (Director)
- David E Meschke (Vice President) [Trustee/Director]
Official website here: www.federatedrea.coop
Where can I find the form 990 for Federated Rural Electric Association?
The Federated Rural Electric Association’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.federatedrea.coop
Learn more at the official website: www.federatedrea.coop
Mission Statement of Federated Rural Electric Association
The Federated Rural Electric Association is dedicated to delivering safe, reliable, and affordable energy and essential services to its member-owners in an effective and efficient manner. This commitment has been upheld since the cooperative's inception, enabling over 5,292 members in Minnesota and some smaller towns to access electricity who otherwise would not have had it in 1935. Extending beyond its primary service area in Jackson and Martin Counties, the Association also provides electricity to boundary customers in 11 additional counties, serving approximately 60 members in Iowa. By consistently providing reliable electric service to rural customers, the Federated Rural Electric Association enhances the lives of those it serves.
Impact
This information is meant to be a general summary of Federated Rural Electric Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Federated Rural Electric Association's impact lies in its crucial role of distributing energy and services in a cost-effective, reliable, and efficient manner. With a mission to provide safe, reliable, and affordable energy and other essential services, Federated Rural Electric Association serves over 5,292 members who would have been without electric service in 1935 without the formation of this cooperative. Since then, they have consistently provided service to all rural customers in Jackson and Martin counties in Minnesota, as well as some smaller towns. Additionally, they provide electric service to boundary customers of 11 additional counties, including approximately 60 members in Iowa. By fulfilling their mission and serving their member-owners, Federated Rural Electric Association positively impacts and enhances the lives of those they serve.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$37,240,052
G&T CAPITAL CREDITS
Revenue
$1,765,564
EQUITY EARNINGS
Revenue
$114,851
OTHER CAPITAL CREDITS
Revenue
$110,203
Organization Details
Founding Year
1935
Phone
(507) 847-3520
Principal Officer
Scott Reimer
Main Address
77100 US HWY 71, JACKSON, MN, 56143
Website
www.federatedrea.coop
NTEE Category
Code: W80 - Public benefit
If you are a representative of Federated Rural Electric Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.