Fleming-Mason Energy Cooperative Inc

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

EIN: 610193917 ✦ Flemingsburg, KY ✦ Designated as a 501(c)(12)

Overview

What is Fleming-Mason Energy Cooperative Inc?

Fleming-Mason Energy Cooperative Inc, located at 1449 Elizaville Road, Flemingsburg, Kentucky, is a nonprofit electric cooperative serving approximately 25,500 member-owners monthly. Their mission revolves around providing electric services on a patronage basis to this community. With a team of 51 employees, they ensure the delivery of reliable electricity to residents in the area.


Is Fleming-Mason Energy Cooperative Inc legitimate?

Fleming-Mason Energy Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fleming-Mason Energy 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: $257,041
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,093,711

For more financial information, click here


What is the mission statement of Fleming-Mason Energy Cooperative Inc?
Who is the CEO of Fleming-Mason Energy Cooperative Inc?
What is the revenue of Fleming-Mason Energy Cooperative Inc?
Who are the executives of Fleming-Mason Energy Cooperative Inc and what are their salaries?
Where can I find the form 990 for Fleming-Mason Energy Cooperative Inc?

Mission Statement of Fleming-Mason Energy Cooperative Inc

Fleming-Mason Energy Cooperative Inc is a mission-driven organization that focuses on providing electric service to its member owners on a patronage basis. With an average consumer base of approximately 25,475 individuals monthly, this cooperative ensures that each household receives reliable and efficient power supply.

At the heart of Fleming-Mason Energy Cooperative Inc's operations is a commitment to meet the electric needs of its member owners. By operating on a patronage basis, the cooperative fosters a sense of community and shared responsibility among its members. In doing so, it strives to go above and beyond, delivering more than just electricity.

Fleming-Mason Energy Cooperative Inc's dedication to its members extends beyond the provision of basic electric service. It is a collaborative effort aimed at ensuring the well-being of the communities it serves. Through its operations, the cooperative seeks to promote a sustainable energy future and contribute to the overall development of its members.

As a responsible energy provider, Fleming-Mason Energy Cooperative Inc stays committed to maintaining a high standard of service and keeping up with the latest advancements in the energy sector. By providing electric service to its member owners on a patronage basis and serving an average of approximately 25,475 consumers monthly, the cooperative continues to strengthen its role as a trusted partner in the lives of its members.

Impact

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




Thursday, August 15, 2024

Fleming-Mason Energy Cooperative Inc provides essential electric service to its member owners, serving an average of approximately 25,475 consumers monthly in the city of Flemingsburg, Kentucky. By delivering electricity on a patronage basis, the cooperative plays a critical role in ensuring that households and businesses have access to this vital resource. The impact of Fleming-Mason Energy Cooperative Inc extends beyond simply providing electricity; it contributes to the economic development and overall well-being of the community it serves. Through its public benefit tag, the cooperative demonstrates its commitment to serving the public interest and making a positive difference in the lives of its members.





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: $46,119
  • Program Service Revenue: $94,358,603
  • Gross Receipts: $98,170,225

    • Assets and Liabilities:
  • Total Assets: $148,749,248
  • Total Liabilities: $70,744,158
  • Net Assets: $78,005,090
  • Programs

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

    ELECTRIC SERVICE

    Revenue

    $94,358,603

    Organization Details

    Founding Year

    1938

    Principal Officer

    Brandon Hunt

    Main Address

    1449 ELIZAVILLE ROAD, FLEMINGSBURG, KY, 41041

    NTEE Category

    Code: W80 - Public benefit

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