Overview
What is Fayette Electric Cooperative Inc?
Fayette Electric Cooperative Inc, located in La Grange, Texas (PO Box 490), is a nonprofit organization dedicated to providing reliable and cost-effective electric service to its member-owners. With a team of 43 employees, they allocate patronage capital for the sale of electric energy on a cooperative basis, serving 15,912 active services at year end. The mission of Fayette Electric Cooperative is to ensure the delivery of affordable electricity to its members.
Official website here: www.fayette.coop
Is Fayette Electric Cooperative Inc legitimate?
Fayette Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fayette 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: $356,653
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,027,382
For more financial information, click here
Official website here: www.fayette.coop
What is the mission statement of Fayette Electric Cooperative Inc?
Fayette Electric Cooperative Inc is dedicated to delivering reliable and cost-effective electric service to its member-owners. The cooperative's primary mission is to provide essential electricity needs, ensuring a consistent power supply to those it serves. Through cooperative sales of electric energy, the organization builds patronage capital, which benefits its members in the long run. In the fiscal year, there were 15,912 active services under the cooperative's care. By prioritizing reliability and affordability, Fayette Electric Cooperative Inc continues to uphold its commitment to its members.
Official website here: www.fayette.coop
Who is the CEO of Fayette Electric Cooperative Inc?
Gary Don Nietsche is the President of Fayette Electric Cooperative Inc.
Official website here: www.fayette.coop
What is the revenue of Fayette Electric Cooperative Inc?
Fayette Electric Cooperative Inc's revenue in 2022 was $35,384,324.
Official website here: www.fayette.coop
Who are the executives of Fayette Electric Cooperative Inc and what are their salaries?
The average compensation at Fayette Electric Cooperative Inc during 2022 was $55,443. There are 43 employees at Fayette Electric Cooperative Inc.
Here are 12 key members and their salaries:
- Gary Don Nietsche (General Manager)
- Larry Sulak (Safety Coordinator)
- Robert Thomas (Line Superintendent)
- Leo J Wick (Asst Eng Supervisor)
- Linda Gaddes (Accounting Supervisor)
- Joseph C Kruppa (Vice President) [Trustee/Director]
- David A Stancik (Director)
- Gale Lincke (Director)
- David Anderle (Director)
- Bill Briscoe (Secretary/Treasurer) [Trustee/Director]
- David G Lehmann (President) [Trustee/Director]
- Leo C Henke Jr (Director)
Official website here: www.fayette.coop
Where can I find the form 990 for Fayette Electric Cooperative Inc?
The Fayette Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.fayette.coop
Learn more at the official website: www.fayette.coop
Mission Statement of Fayette Electric Cooperative Inc
Fayette Electric Cooperative Inc, a cooperative entity, is committed to delivering dependable and economical electric services to its member-owners. The mission of this cooperative is geared towards ensuring that its members receive uninterrupted power supply at affordable rates.
Operating on a cooperative basis, Fayette Electric Cooperative Inc offers electric energy to its members through the allocation of patronage capital. This means that the profits generated from the sales of electricity are shared among the members, making the service more affordable for all. With over 15,912 active services at the end of the year, the cooperative's reach extends to a significant number of households and businesses.
Fayette Electric Cooperative Inc's dedication to reliable and cost-effective electric service is a testament to its commitment towards its members. By prioritizing affordability and dependability, the cooperative is able to build strong relationships with its members and contribute to their quality of life. The cooperative's mission is a driving force behind its operations, ensuring that its members receive the best possible electric service.
Impact
This information is meant to be a general summary of Fayette 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
Fayette Electric Cooperative Inc's impact lies in its ability to provide reliable and cost-effective electric service to its member-owners. By ensuring that these members have access to essential electricity through a cooperative model, the cooperative plays a critical role in supporting the daily lives and operations of individuals and businesses in the community. With a focus on delivering quality service and prioritizing the needs of its members, Fayette Electric Cooperative Inc contributes to the economic development and well-being of the region it serves. Through its mission to provide efficient service and uphold the values of cooperation, the cooperative plays a key role in enhancing the quality of life for its members.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$34,413,386
PATRONAGE DIVIDENDS
Revenue
$486,404
SERVICE FEES
Revenue
$294,381
OTHER PROGRAM REVENUE
Revenue
$57,750
Organization Details
Founding Year
1939
Phone
(979) 968-3181
Principal Officer
Gary Don Nietsche
Main Address
PO BOX 490, LA GRANGE, TX, 78945
Website
www.fayette.coop
NTEE Category
Code: W80 - Public benefit
If you are a representative of Fayette 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.