Overview
What is Fem Electric Association Inc?
Fem Electric Association Inc is a nonprofit organization, based in Ipswich, South Dakota (PO Box 468), that provides electric service to approximately 1,294 members. They maintain approximately 1,967 miles of overhead and underground lines. The Association's mission is to enhance the quality of life of its members by safely delivering reliable and cost-efficient electricity and other essential services. In 2022, they saw a decrease of 113.81 miles in overhead lines and an increase of 35.48 miles in underground lines. The organization employs 18 individuals and is dedicated to ensuring the safety and reliability of electric services to its members.
Official website here: www.femelectric.coop
Is Fem Electric Association Inc legitimate?
Fem Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fem Electric Association 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: $260,841
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,294,432
For more financial information, click here
Official website here: www.femelectric.coop
What is the mission statement of Fem Electric Association Inc?
The Fem Electric Association Inc is dedicated to enhancing the quality of life of its members by safely providing reliable and cost-efficient electricity and other services. Their mission is to ensure the delivery of essential electric services to approximately 1,294 members, while maintaining approximately 1,967 miles of overhead and underground lines. In the recent year of 2022, the overhead line infrastructure was reduced by 113.81 miles, while the underground lines were expanded by 35.48 miles. The association prioritizes safety in all its operations, aiming to provide uninterrupted power supply to its members.
Official website here: www.femelectric.coop
Who is the CEO of Fem Electric Association Inc?
Gary Bachman is the President of Fem Electric Association Inc. The CEO's salary of Fem Electric Association Inc is $155,839 and their total compensation is $304,143.
Official website here: www.femelectric.coop
What is the revenue of Fem Electric Association Inc?
Fem Electric Association Inc's revenue in 2022 was $17,398,603.
Official website here: www.femelectric.coop
Who are the executives of Fem Electric Association Inc and what are their salaries?
The average compensation at Fem Electric Association Inc during 2022 was $86,404. There are 18 employees at Fem Electric Association Inc.
Here are 7 key members and their salaries (Fem Electric Association Inc's CEO's salary is $155,839 and their total compensation is $304,143):
- Scott Moore (General Manager/Ceo/Cfo)
- Rhonda Tuscherer (Director Of Finance & Benefits)
- Gary Bachman (President) [Trustee/Director]
- Eric Odenbach (Secretary) [Trustee/Director]
- Paula Petersen (Treasurer) [Trustee/Director]
- Tom Thorpe (Vice President) [Trustee/Director]
- Kelly Melius (Assistant Sec/Treasurer) [Trustee/Director]
Official website here: www.femelectric.coop
Where can I find the form 990 for Fem Electric Association Inc?
The Fem Electric Association Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.femelectric.coop
Learn more at the official website: www.femelectric.coop
Mission Statement of Fem Electric Association Inc
Fem Electric Association Inc, a notable organization, is dedicated to enhancing the quality of life of its members by safely providing reliable and cost-efficient electricity and other essential services. Through its mission, the association works tirelessly to ensure the community it serves receives uninterrupted power supply and additional beneficial offerings.
The association prides itself on ensuring the safety and reliability of the electric services it delivers. By providing this crucial resource, Fem Electric Association Inc plays a pivotal role in enabling its members to lead comfortable and efficient lives. The nonprofit organization has successfully connected approximately 1,294 members, supplying them with power through around 1,967 miles of overhead and underground lines.
In the year 2022, Fem Electric Association Inc made significant strides in enhancing its infrastructure. Overhead lines decreased by 113.81 miles, while underground lines expanded by an impressive 35.48 miles. This expansion and improvement of the electric grid not only improve the reliability of the power supply but also contributes to the long-term sustainability and growth of the organization. The association's commitment to safety and efficiency is evident in its ongoing efforts to maintain and upgrade its infrastructure to meet the evolving needs of its members.
Impact
This information is meant to be a general summary of Fem Electric Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Fem Electric Association Inc's impact can be seen in the reliable and cost-efficient electricity services it provides to approximately 1,294 members in Ipswich, SD. The organization manages approximately 1,967 miles of overhead and underground lines, with a focus on enhancing the quality of life for its members. In 2022, there was a decrease of 113.81 miles of overhead lines and an increase of 35.48 miles of underground lines, indicating a commitment to infrastructure improvements and service expansion. This demonstrates Fem Electric Association Inc's dedication to meeting the energy needs of its community and contributing to its overall well-being.
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 POWER
Revenue
$15,864,385
COOP CAPITAL CREDITS
Revenue
$1,392,932
Organization Details
Founding Year
1949
Phone
(605) 426-6891
Principal Officer
Gary Bachman
Main Address
PO BOX 468, IPSWICH, SD, 574510468
Website
www.femelectric.coop
NTEE Category
Code: Z99 - Unknown
If you are a representative of Fem Electric Association Inc 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.