Overview
What is Farmers Electric Cooperative Inc?
Farmers Electric Cooperative Inc, based in Greenville, Texas, is a nonprofit organization dedicated to providing electric energy to its member-owners on a cooperative basis. With a workforce of 191 employees, they allocate patronage capital to ensure quality electric service at reasonable costs. Their mission encompasses delivering electricity to their members efficiently and effectively, as stated in their 88,070 active services at year end.
Official website here: www.farmerselectric.coop
Is Farmers Electric Cooperative Inc legitimate?
Farmers Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Farmers 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: $4,038,733
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,134,156
For more financial information, click here
Official website here: www.farmerselectric.coop
What is the mission statement of Farmers Electric Cooperative Inc?
Farmers Electric Cooperative Inc is dedicated to delivering quality electric service to its member-owners at a reasonable cost. They allocate patronage capital on a cooperative basis to provide electric energy to their members. With over 88,000 active services, the cooperative prioritizes supplying reliable and affordable electric power to its community. Their mission underscores the commitment to maintaining a cooperative business model, ensuring that the needs of the members are met in an equitable manner.
Official website here: www.farmerselectric.coop
Who is the CEO of Farmers Electric Cooperative Inc?
Mark Stubbs is the Director of Farmers Electric Cooperative Inc. The CEO's salary of Farmers Electric Cooperative Inc is $571,488 and their total compensation is $758,076.
Official website here: www.farmerselectric.coop
What is the revenue of Farmers Electric Cooperative Inc?
Farmers Electric Cooperative Inc's revenue in 2022 was $223,821,354.
Official website here: www.farmerselectric.coop
Who are the executives of Farmers Electric Cooperative Inc and what are their salaries?
The average compensation at Farmers Electric Cooperative Inc during 2022 was $58,497. There are 191 employees at Farmers Electric Cooperative Inc.
Here are 24 key members and their salaries (Farmers Electric Cooperative Inc's CEO's salary is $571,488 and their total compensation is $758,076):
- Mark Stubbs (Ceo/General Manager)
- Brian Green (Director Of Engineering/Op)
- Samantha Crouch Baxter (General Counsel/Sr Director Of Ps & Es)
- Kathy Scroggins (Cfo/Director Of Finance)
- David Mark Lyles (Director Of Administration)
- Anthony Grant (Manager Of Information Tec)
- David Earls (Manager Of Operations)
- Michael Hale (Manager Of Power Quality)
- Rosa Garmon (Manager Of Member Care)
- Shaun Chronister (Manager Of Engineering)
- James Nimmo (Mgr Of Communications)
- Gary Giles (Line Superintendent)
- Mitchell Kellogg (Line Superintendent)
- Tabitha Bryant (Mgr Of Hr & Development)
- Craig Anderson (Crew Foreman)
- Bob Middleton Jr (Secretary/Treasurer) [Trustee/Director]
- Tommy Pulliam (Vice President) [Trustee/Director]
- Paul Tallant (Director)
- Marvin Fuller (Director)
- Martin Allain (Director)
- Bill Samuels (President) [Trustee/Director]
- Don Phillips (Director)
- Wayne Douglas (Director)
- Larry Lane June-Dec (Director)
Official website here: www.farmerselectric.coop
Where can I find the form 990 for Farmers Electric Cooperative Inc?
The Farmers Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.farmerselectric.coop
Learn more at the official website: www.farmerselectric.coop
Mission Statement of Farmers Electric Cooperative Inc
Farmers Electric Cooperative Inc, a mission-driven organization, strives to deliver top-notch electric services to its member-owners at reasonable costs. By focusing on cooperative principles, the cooperative goes beyond just providing electricity, allocating patronage capital to enhance the overall value for its members.
With a strong commitment to quality, Farmers Electric Cooperative Inc serves approximately 88,070 active services, ensuring a reliable source of electricity that powers homes and businesses. The cooperative's dedication extends beyond the power lines, working to keep costs reasonable and accessible for its member-owners.
As a cooperative, Farmers Electric Cooperative Inc is more than just a utility company. It's a community-focused organization that prioritizes the well-being of its members. By staying true to its mission, the cooperative not only delivers essential electric services but also fosters a strong sense of partnership and collaboration among its members.
Impact
This information is meant to be a general summary of Farmers 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
Farmers Electric Cooperative Inc's impact lies in its mission to provide quality electric service to member-owners at a reasonable cost. By serving 88,070 active services at the end of the year, this organization plays a crucial role in ensuring reliable access to electricity for its members in Greenville, TX. Through the cooperative allocation of patronage capital, Farmers Electric Cooperative Inc contributes to the well-being and stability of the community by meeting the essential energy needs of 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
$200,710,392
SERVICE FEES
Revenue
$13,119,173
PATRONAGE DIVIDENDS
Revenue
$7,174,892
OTHER PROGRAM REVENUE
Revenue
$882,540
TRANSMISSION WHEELING
Revenue
$717,719
Organization Details
Founding Year
1937
Phone
(903) 455-1715
Principal Officer
Mark Stubbs
Main Address
2000 I-30 EAST, GREENVILLE, TX, 75402
Website
www.farmerselectric.coop
NTEE Category
Code: W80 - Public benefit
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