Overview
What is Forked Deer Electric Cooperative Inc?
Forked Deer Electric Cooperative Inc is a nonprofit organization based in Halls, Tennessee. Their primary focus lies in generating electricity sales, derived from power transactions with their cooperative members. The revenues derived from these sales serve as a means to offset their power purchases. The cooperative employs a team of 49 individuals to ensure the smooth execution of their operations.
Official website here: www.forkeddeer.com
Is Forked Deer Electric Cooperative Inc legitimate?
Forked Deer Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Forked Deer 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: $220,189
Professional Fundraising Fees: $0
Other Salaries and Wages: $691,329
For more financial information, click here
Official website here: www.forkeddeer.com
What is the mission statement of Forked Deer Electric Cooperative Inc?
Forked Deer Electric Cooperative Inc generates electricity sales from supplying power to its cooperative members. The revenue earned is utilized to balance out the purchases of power. The cooperative's primary focus is on the distribution of electricity to its members, with the financial resources derived from the sales being essential for this purpose. The cooperative's role is to ensure a consistent power supply to its community, relying on the revenue to cover the costs of acquiring electricity.
Official website here: www.forkeddeer.com
Who is the CEO of Forked Deer Electric Cooperative Inc?
Jeffery Newman is the General Mana of Forked Deer Electric Cooperative Inc.
Official website here: www.forkeddeer.com
What is the revenue of Forked Deer Electric Cooperative Inc?
Forked Deer Electric Cooperative Inc's revenue in 2023 was $27,315,041.
Official website here: www.forkeddeer.com
Who are the executives of Forked Deer Electric Cooperative Inc and what are their salaries?
The average compensation at Forked Deer Electric Cooperative Inc during 2023 was $18,602. There are 49 employees at Forked Deer Electric Cooperative Inc.
Here are 10 key members and their salaries:
- Jeffery Newman (General Mana)
- Keith Warren (President) [Trustee/Director]
- Ronnie Fisher (Director)
- Ronnie Roberts (Director)
- Lynn Burnett (Vice Preside) [Trustee/Director]
- Wally Childress (Director)
- Mike Harris (Director)
- Joe Smith (Director)
- David Walker (Secretary/Tr) [Trustee/Director]
- Ron Weir (Director)
Official website here: www.forkeddeer.com
Where can I find the form 990 for Forked Deer Electric Cooperative Inc?
The Forked Deer Electric Cooperative Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.forkeddeer.com
Learn more at the official website: www.forkeddeer.com
Mission Statement of Forked Deer Electric Cooperative Inc
Forked Deer Electric Cooperative Inc, a notable cooperative, is dedicated to generating electricity sales from power transactions with its members. The revenues accrued from these sales serve a crucial purpose: they offset the cooperative's purchases of power.
In simple terms, Forked Deer Electric Cooperative Inc operates on a unique business model. It sells electricity to its members, who, in turn, enable the cooperative to afford the power it needs to maintain its operations. This cycle benefits both parties, with the cooperative ensuring a consistent power supply for its members while efficiently managing its financial resources.
The primary objective of Forked Deer Electric Cooperative Inc is to provide electricity to its cooperative members and effectively manage its financial commitments. By generating revenue through power sales, the cooperative is able to offset its expenses and continue delivering essential electricity services to its community.
Impact
This information is meant to be a general summary of Forked Deer 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
Forked Deer Electric Cooperative Inc's impact lies in providing essential electricity services to its cooperative members in Halls, TN. By generating revenue from the sales of power to its members, the cooperative is able to offset its purchases of power, ensuring a reliable source of electricity for the community. This contributes to the overall well-being and functioning of the area by providing a vital utility service to residents and businesses.
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 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL SALES
Revenue
$18,732,468
RENT FROM ELECTRIC PROPERTY
Revenue
$3,032,184
LARGE LIGHTING & POWER SALES
Revenue
$2,413,561
SMALL LIGHTING & POWER SALES
Revenue
$2,212,594
FD CONNECT
Revenue
$1,674,351
Organization Details
Founding Year
1940
Phone
(731) 836-7508
Principal Officer
Jeffery Newman
Main Address
PO BOX 67, HALLS, TN, 38040
Website
www.forkeddeer.com
NTEE Category
Code: W80 - Public benefit
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