Overview
What is Fort Loudoun Electric Cooperative?
Fort Loudoun Electric Cooperative is a nonprofit organization situated in Venore, Tennessee (PO Box 1030). With a dedicated team of 86 employees, their mission is to bring electricity to rural communities in Monroe, Loudon, and Blount Counties in East Tennessee. The cooperative is focused on providing essential electric services to these areas, ensuring that residents and businesses in these counties have access to reliable electricity.
Official website here: www.flec.org
Is Fort Loudoun Electric Cooperative legitimate?
Fort Loudoun Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fort Loudoun Electric Cooperative 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: $880,573
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,199,132
For more financial information, click here
Official website here: www.flec.org
What is the mission statement of Fort Loudoun Electric Cooperative?
Fort Loudoun Electric Cooperative is dedicated to bringing electricity to rural communities in Monroe, Loudon, and Blount Counties in East Tennessee. Their mission is to ensure that residents in these areas have reliable access to electricity, enhancing their quality of life and supporting the development of local communities. Through the provision of electric services, they aim to foster economic growth and create opportunities for residents in these rural regions. By focusing on electrification, Fort Loudoun Electric Cooperative plays a crucial role in improving infrastructure and providing essential services to those living in these areas.
Official website here: www.flec.org
Who is the CEO of Fort Loudoun Electric Cooperative?
Michael C Webb is the Director of Fort Loudoun Electric Cooperative. The CEO's salary of Fort Loudoun Electric Cooperative is $187,551 and their total compensation is $229,557.
Official website here: www.flec.org
What is the revenue of Fort Loudoun Electric Cooperative?
Fort Loudoun Electric Cooperative's revenue in 2023 was $83,744,387.
Official website here: www.flec.org
Who are the executives of Fort Loudoun Electric Cooperative and what are their salaries?
The average compensation at Fort Loudoun Electric Cooperative during 2023 was $70,694. There are 86 employees at Fort Loudoun Electric Cooperative.
Here are 20 key members and their salaries (Fort Loudoun Electric Cooperative's CEO's salary is $187,551 and their total compensation is $229,557):
- Jarrod Brackett (Ceo)
- Shane Schaffer (Supervisor)
- Michael C Webb (Cfo)
- Leland Chad Kirkpatrick (Vp)
- Phillip Teague (Foreman)
- Robert Hunt (Foreman)
- Eric Gibson (Foreman)
- Regan Dalton (Supervisor)
- Lisa Lingerfelt (Vp)
- Daniel Mckane (Foreman)
- Sheila Montooth (Vp)
- Ben Ward (Director)
- Denny Stevens (Director)
- Mike Wiggins (Director)
- Jr Pugh (Director)
- Lewis Jones (Director)
- John Loope (Director)
- Vernon Davis (Director)
- Angela Tallent (Director)
- Tom Greene (Director)
Official website here: www.flec.org
Where can I find the form 990 for Fort Loudoun Electric Cooperative?
The Fort Loudoun Electric Cooperative’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.flec.org
Learn more at the official website: www.flec.org
Mission Statement of Fort Loudoun Electric Cooperative
Fort Loudoun Electric Cooperative, a crucial nonprofit organization, dedicates itself to bringing electricity to rural communities in Monroe, Loudon, and Blount Counties in East Tennessee. This mission is driven by the cooperative's unwavering commitment to ensuring that residents in these areas have access to essential electric services. By providing electricity, Fort Loudoun Electric Cooperative not only enhances the quality of life for its members but also fosters economic opportunities and community development. Through its tireless efforts, the cooperative has played a pivotal role in electrifying rural Tennessee, thereby bridging the gap between urban and rural electric infrastructure.
Impact
This information is meant to be a general summary of Fort Loudoun Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Fort Loudoun Electric Cooperative's impact is significant in providing electricity to rural areas of Monroe, Loudon, and Blount counties in East Tennessee. Through its operations, it plays a crucial role in ensuring that residents in these rural areas have access to essential electricity services for their homes, businesses, and community facilities. This helps improve the quality of life, promotes economic development, and enhances overall sustainability in these regions.
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.
ELECTRIC SALES
Revenue
$80,902,913
Organization Details
Founding Year
1940
Phone
(877) 353-2674
Principal Officer
Michael C Webb
Main Address
PO BOX 1030, VENORE, TN, 37885
Website
www.flec.org
NTEE Category
Code: W80 - Public benefit
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