Overview
What is Fort Belknap Electric Cooperative Inc?
Fort Belknap Electric Cooperative Inc is a nonprofit organization based in Olney, Texas. Their primary mission is to provide affordable and reliable electric power to rural areas through a cooperative business model. With 6,200 meters/services at year end, they allocate patronage capital to sell electricity to their members at cost. The cooperative employs 29 individuals and aims to maintain financial integrity while delivering quality electric service to their member-owners.
Official website here: www.fortbelknapec.com
Is Fort Belknap Electric Cooperative Inc legitimate?
Fort Belknap Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fort Belknap 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: $420,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,064,182
For more financial information, click here
Official website here: www.fortbelknapec.com
What is the mission statement of Fort Belknap Electric Cooperative Inc?
Fort Belknap Electric Cooperative Inc is committed to delivering reliable and quality electric service to its member-owners at an affordable and competitive cost. The cooperative operates on a cooperative basis, selling electricity to its members at cost. The organization prioritizes maintaining the financial integrity of the cooperative. At the end of the year, there were 6,200 meters and services being provided by the cooperative.
Official website here: www.fortbelknapec.com
Who is the CEO of Fort Belknap Electric Cooperative Inc?
Kendall Montgomery is the President of Fort Belknap Electric Cooperative Inc. The CEO's salary of Fort Belknap Electric Cooperative Inc is $144,448 and their total compensation is $220,496.
Official website here: www.fortbelknapec.com
What is the revenue of Fort Belknap Electric Cooperative Inc?
Fort Belknap Electric Cooperative Inc's revenue in 2022 was $17,327,038.
Official website here: www.fortbelknapec.com
Who are the executives of Fort Belknap Electric Cooperative Inc and what are their salaries?
The average compensation at Fort Belknap Electric Cooperative Inc during 2022 was $51,206. There are 29 employees at Fort Belknap Electric Cooperative Inc.
Here are 10 key members and their salaries (Fort Belknap Electric Cooperative Inc's CEO's salary is $144,448 and their total compensation is $220,496):
- Kendall Montgomery (Ceo/General Manager)
- Rick Ickert (President) [Trustee/Director]
- Bennie Lane (Secretary/Treasurer) [Trustee/Director]
- Wilson Taack (Director)
- Jc Mathiews (Director)
- Terry Creel (Director)
- Kenneth Lowe (Director)
- Larry Hearne (Vice President) [Trustee/Director]
- James R Yancey (Director)
- Jimmy Bruton (Director)
Official website here: www.fortbelknapec.com
Where can I find the form 990 for Fort Belknap Electric Cooperative Inc?
The Fort Belknap Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.fortbelknapec.com
Learn more at the official website: www.fortbelknapec.com
Mission Statement of Fort Belknap Electric Cooperative Inc
Fort Belknap Electric Cooperative Inc, a cooperative with a mission to provide electric power to rural areas, strives to deliver reliable and high-quality electric service to its member-owners at an affordable and competitive cost. With a strong emphasis on maintaining the financial integrity of the cooperative, Fort Belknap Electric Cooperative Inc aims to offer electric power to its members at cost, distributing patronage capital as part of this cooperative business model. The cooperative served approximately 6,200 meters or services at the end of the year.
Impact
This information is meant to be a general summary of Fort Belknap 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
Fort Belknap Electric Cooperative Inc provides vital electric power to rural areas in a cost-effective and cooperative manner. With a mission to offer reliable and quality electric service to member-owners at an affordable cost, the cooperative plays a crucial role in ensuring that residents in rural areas have access to electricity for their daily needs. By maintaining the financial integrity of the cooperative and operating on a patronage capital allocation basis, Fort Belknap Electric Cooperative Inc contributes to the sustainability and development of the communities it serves.
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
$16,980,059
SERVICE FEES
Revenue
$147,425
OTHER ELECTRIC PROGRAM INCOME
Revenue
$62,965
PATRONAGE DIVIDENDS
Revenue
$53,314
Organization Details
Founding Year
1939
Phone
(940) 564-3526
Principal Officer
Kendall Montgomery
Main Address
PO BOX 486, OLNEY, TX, 763740486
Website
www.fortbelknapec.com
NTEE Category
Code: W80 - Public benefit
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