Farmers Electric Cooperative Corporation

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

EIN: 710054405 ✦ Newport, AR ✦ Designated as a 501(c)(12)

Overview

What is Farmers Electric Cooperative Corporation?

Farmers Electric Cooperative Corporation is a nonprofit organization based in Newport, Arkansas. With approximately 5,000 members, they provide affordable electric energy to the community, ensuring a balance between economic viability and effective management. A notable investment of $3,750 was made toward a Fiber Ethernet 10G circuit for one customer. Their mission is to make electric energy accessible to their members at the most affordable price.


Is Farmers Electric Cooperative Corporation legitimate?

Farmers Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Farmers Electric Cooperative Corporation 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: $132,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Farmers Electric Cooperative Corporation?
Who is the CEO of Farmers Electric Cooperative Corporation?
What is the revenue of Farmers Electric Cooperative Corporation?
Who are the executives of Farmers Electric Cooperative Corporation and what are their salaries?
Where can I find the form 990 for Farmers Electric Cooperative Corporation?

Mission Statement of Farmers Electric Cooperative Corporation

Farmers Electric Cooperative Corporation, a nonprofit organization, is committed to making electric energy accessible to its members at the most affordable price, consistent with sound economic practices and effective management. In pursuit of this mission, the cooperative aims to provide its approximately 5,000 members with dependable and economical electricity. In doing so, Farmers Electric Cooperative Corporation prioritizes both the well-being of its customer base and the long-term sustainability of its operations.

To achieve this objective, the corporation invests in crucial infrastructure, such as the recent purchase of a Fiber Ethernet 10G circuit for one of its clients, totaling $3,750. This investment underlines the cooperative's dedication to delivering high-quality services and ensuring its members have access to modern technological solutions. By prioritizing both affordability and innovation, Farmers Electric Cooperative Corporation continues to strengthen its position as a trusted energy provider for its members.

In striving to make electric energy available at the lowest cost, Farmers Electric Cooperative Corporation also upholds the principles of sound economy and good management. This approach not only benefits its members but also ensures the organization remains financially responsible and efficient in its operations. As a result, the cooperative is able to provide reliable electricity services while maintaining a strong financial foundation.

In summary, Farmers Electric Cooperative Corporation is a mission-driven organization dedicated to providing its members with affordable electric energy, while adhering to sound economic principles and effective management practices. Through its commitment to affordability, investment in essential infrastructure, and focus on financial responsibility, the cooperative continues to make a positive impact on the lives of its members.

Impact

This information is meant to be a general summary of Farmers Electric Cooperative Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Farmers Electric Cooperative Corporation's impact includes providing a reliable and affordable source of electric energy to its members in Newport, Arkansas. By ensuring the availability of low-cost electricity, the cooperative directly benefits around 5,000 members in the community. Additionally, their recent investment in a Fiber Ethernet 10G circuit, costing $3,750, demonstrates a commitment to improving technological infrastructure for enhanced service delivery to customers. Through their mission of promoting sound economy and good management in energy distribution, Farmers Electric Cooperative Corporation contributes significantly to the public benefit and overall well-being of the community.





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: $35,320
  • Program Service Revenue: $11,999,632
  • Gross Receipts: $12,597,163

    • Assets and Liabilities:
  • Total Assets: $43,340,153
  • Total Liabilities: $23,377,437
  • Net Assets: $19,962,716
  • Programs

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

    Operating Revenue

    Revenue

    $11,999,632

    Organization Details

    Founding Year

    1937

    Principal Officer

    Brian Lindsey

    Main Address

    300 Highway 367 N, Newport, AR, 72112

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Farmers Electric Cooperative Corporation 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.