Fairfield Electric Cooperative Inc

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

EIN: 570161235 ✦ Blythewood, SC ✦ Designated as a 501(c)(12)

Overview

What is Fairfield Electric Cooperative Inc?

Fairfield Electric Cooperative Inc is a nonprofit organization based in South Carolina, specifically in PO Box 2500, Blythewood, with a ZIP code of 29016. The cooperative serves over 25,000 members in Fairfield, Kershaw, Richland, Chester, and York counties, providing them with high-quality energy services on a cooperative basis. The cooperative's mission is to serve its members and the community by ensuring the delivery of safe, reliable, and innovative energy services at a fair and reasonable price. The organization employs a team of 88 individuals to uphold these commitments.


Official website here: www.fairfield.coop

Is Fairfield Electric Cooperative Inc legitimate?

Fairfield Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fairfield 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: $436,530
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.fairfield.coop

What is the mission statement of Fairfield Electric Cooperative Inc?

Fairfield Electric Cooperative Inc is dedicated to delivering quality energy services to its members at a fair and reasonable price. Its mission is to serve and contribute to the community by providing safe, reliable, and innovative energy solutions. With over 25,000 members across various counties, the cooperative ensures that energy services are cooperatively managed and accessible to all. By focusing on safety, reliability, and innovation, the cooperative strives to enhance the quality of life for its members and contribute to the overall development of the community.


Official website here: www.fairfield.coop

Who is the CEO of Fairfield Electric Cooperative Inc?

Bruce G Bacon is the Ceo of Fairfield Electric Cooperative Inc. The CEO's salary of Fairfield Electric Cooperative Inc is $214,575 and their total compensation is $343,792.


Official website here: www.fairfield.coop

What is the revenue of Fairfield Electric Cooperative Inc?

Fairfield Electric Cooperative Inc's revenue in 2022 was $79,666,610.


Official website here: www.fairfield.coop

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

The average compensation at Fairfield Electric Cooperative Inc during 2022 was $4,961. There are 88 employees at Fairfield Electric Cooperative Inc.

Here are 17 key members and their salaries (Fairfield Electric Cooperative Inc's CEO's salary is $214,575 and their total compensation is $343,792):

    Bruce G Bacon (Ceo)
  • Compensation: $214,575
  • Related: $17,016
  • Other: $112,201

    • Thomas S Black (Vp Of Engineering)
  • Compensation: $184,945
  • Related: $0
  • Other: $105,908

    • Steven G Davidson (It Director)
  • Compensation: $138,535
  • Related: $0
  • Other: $90,586

    • Douglas M Payne (Vp Member Services)
  • Compensation: $140,743
  • Related: $0
  • Other: $71,841

    • Patra H Mason (Director Of Admin Services)
  • Compensation: $128,526
  • Related: $0
  • Other: $75,061

    • Earnest E Talford (Service Technician)
  • Compensation: $117,751
  • Related: $0
  • Other: $49,535

    • Mitchell D Rabon (President) [Trustee/Director]
  • Compensation: $31,898
  • Related: $13,117
  • Other: $0

    • Robert Entzminger (Vice President) [Trustee/Director]
  • Compensation: $35,688
  • Related: $0
  • Other: $0

    • Robert Kenneth Miles (Secretary) [Trustee/Director]
  • Compensation: $28,006
  • Related: $0
  • Other: $0

    • William M Good (Trustee)
  • Compensation: $23,257
  • Related: $0
  • Other: $0

    • Derial L Ogburn (Trustee)
  • Compensation: $22,100
  • Related: $0
  • Other: $0

    • Peggy D Swearingen (Trustee)
  • Compensation: $20,265
  • Related: $0
  • Other: $0

    • Cynthia Able (Trustee)
  • Compensation: $17,000
  • Related: $0
  • Other: $0

    • Timothy L Hopkins (Trustee)
  • Compensation: $14,400
  • Related: $0
  • Other: $0

    • John E Roberts Iii (Treasurer) [Trustee/Director]
  • Compensation: $12,146
  • Related: $0
  • Other: $0

    • Keith Lewis (Trustee)
  • Compensation: $11,195
  • Related: $0
  • Other: $0

    • Bruce E Honeycutt (Trustee)
  • Compensation: $6,000
  • Related: $0
  • Other: $0


  • Official website here: www.fairfield.coop

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

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


    Official website here: www.fairfield.coop

    Learn more at the official website: www.fairfield.coop

    Mission Statement of Fairfield Electric Cooperative Inc

    Fairfield Electric Cooperative Inc, a dedicated organization, strives to deliver quality energy services to its members at a fair and reasonable price. This mission is rooted in the cooperative's commitment to serving its community and ensuring the provision of safe, reliable, and innovative energy solutions.

    The cooperative's operation extends to more than 25,000 members in various counties. Through a cooperative basis, Fairfield Electric Cooperative Inc aims to provide its members with consistent access to essential energy resources, enabling them to lead comfortable and productive lives. The organization's unwavering dedication to safety, reliability, and innovation sets it apart, allowing it to adapt to the changing energy landscape and effectively cater to the evolving needs of its members.

    Fairfield Electric Cooperative Inc's commitment to its members goes beyond the delivery of energy services. As a responsible organization, it strives to maintain a strong connection with the communities it serves, fostering mutual trust and creating a positive impact. By consistently focusing on member satisfaction and community welfare, Fairfield Electric Cooperative Inc continues to solidify its position as a trusted energy provider and a valuable community partner.

    Impact

    This information is meant to be a general summary of Fairfield 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

    Fairfield Electric Cooperative Inc plays a crucial role in providing quality energy services to over 25,000 members in Fairfield, Kershaw, Richland, Chester, and York counties. By ensuring access to safe, reliable, and innovative energy services, the cooperative not only enhances the lives of its members but also contributes to the overall development and progress of the community it serves. Through its commitment to providing energy at a fair and reasonable price, Fairfield Electric Cooperative Inc positively impacts the lives of individuals, businesses, and industries in its area of operation, driving economic growth and fostering community well-being.





    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: $308,462
  • Program Service Revenue: $79,358,148
  • Gross Receipts: $79,666,610

    • Assets and Liabilities:
  • Total Assets: $145,854,723
  • Total Liabilities: $92,892,902
  • Net Assets: $52,961,821
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $78,174,567

    G&T CAPITAL CREDITS

    Revenue

    $430,560

    OTHER CAPITAL CREDITS

    Revenue

    $417,429

    POLE RENTAL

    Revenue

    $335,592

    Organization Details

    Founding Year

    1939

    Principal Officer

    Bruce G Bacon

    Main Address

    PO BOX 2500, BLYTHEWOOD, SC, 29016

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Fairfield Electric Cooperative 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.