Fergus Electric Cooperative

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

EIN: 810134746 ✦ Lewistown, MT ✦ Designated as a 501(c)(12)

Overview

What is Fergus Electric Cooperative?

Fergus Electric Cooperative is a non-profit utility company based in Lewistown, Montana, serving 14 central Montana counties: Blaine, Cascade, Choteau, Fergus, Golden Valley, Judith Basin, Meagher, Musssellshell, Petroleum, Stillwater, Sweet Grass, Treasure, Wheatland, and Yellowstone. The cooperative, owned and supported by local members, aims to provide reliable, safe, and affordable energy services to these communities. With a team of 34 employees, Fergus Electric Cooperative values integrity, reliability, quality, affordability, and its employees in serving its member-owners. The cooperative aspires to be the trusted energy provider for all energy-related services required by its members.


Official website here: www.ferguselectric.coop/

Is Fergus Electric Cooperative legitimate?

Fergus Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Fergus 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $372,506

For more financial information, click here


Official website here: www.ferguselectric.coop/

What is the mission statement of Fergus Electric Cooperative?

Fergus Electric Cooperative is a non-profit utility cooperative dedicated to providing reliable, safe, and affordable energy services to the communities it serves in Central Montana. As a cooperative, it is owned, operated, and supported by its members. The cooperative's mission is to distribute electricity and ancillary services to 14 counties: Blaine, Cascade, Choteau, Fergus, Golden Valley, Judith Basin, Meagher, Musssellshell, Petroleum, Stillwater, Sweet Grass, Treasure, Wheatland, and Yellowstone. Values such as integrity, reliability, quality, affordability, and employees' role in serving the community and member-owners drive the cooperative. Fergus Electric Cooperative aspires to become the trusted provider for all energy and energy-related services required by its members.


Official website here: www.ferguselectric.coop/

Who is the CEO of Fergus Electric Cooperative?

Carson Sweeney is the Employee of Fergus Electric Cooperative.


Official website here: www.ferguselectric.coop/

What is the revenue of Fergus Electric Cooperative?

Fergus Electric Cooperative's revenue in 2022 was $29,316,943.


Official website here: www.ferguselectric.coop/

Who are the executives of Fergus Electric Cooperative and what are their salaries?

The average compensation at Fergus Electric Cooperative during 2022 was $10,956. There are 34 employees at Fergus Electric Cooperative.

Here are 7 key members and their salaries:

    Carson Sweeney (Employee)
  • Compensation: $165,785
  • Related: $0
  • Other: $0

    • Paul Descheemaeker (President) [Trustee/Director]
  • Compensation: $5,625
  • Related: $0
  • Other: $37,709

    • Jason Swanz (Sec/Treas) [Trustee/Director]
  • Compensation: $1,750
  • Related: $0
  • Other: $40,875

    • Brad Arntzen (Assistant Se) [Trustee/Director]
  • Compensation: $2,500
  • Related: $0
  • Other: $32,734

    • Bob Evans (Board Member) [Trustee/Director]
  • Compensation: $3,375
  • Related: $0
  • Other: $29,103

    • Terry Frost (Vice Preside) [Trustee/Director]
  • Compensation: $3,375
  • Related: $0
  • Other: $29,103

    • Cathy Kombol (Board Member) [Trustee/Director]
  • Compensation: $2,625
  • Related: $0
  • Other: $29,103


  • Official website here: www.ferguselectric.coop/

    Where can I find the form 990 for Fergus Electric Cooperative?

    The Fergus Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ferguselectric.coop/

    Learn more at the official website: www.ferguselectric.coop/

    Mission Statement of Fergus Electric Cooperative

    Fergus Electric Cooperative, a non-profit cooperative utility, is dedicated to providing reliable, safe, and affordable energy services to the communities it serves in Central Montana. This mission-driven organization is owned, operated, and supported by its members, who depend on Fergus Electric Cooperative for their energy needs.

    The cooperative's primary role is to distribute electricity and ancillary services to 14 central Montana counties: Blaine, Cascade, Choteau, Fergus, Golden Valley, Judith Basin, Meagher, Mussshell, Petroleum, Stillwater, Sweet Grass, Treasure, Wheatland, and Yellowstone. The team at Fergus Electric Cooperative values integrity, reliability, quality, affordability, and employees in serving their community and member-owners.

    Fergus Electric Cooperative aspires to become the trusted provider for all energy and energy-related services that its members require. The organization's dedication to its mission is evident in its commitment to providing dependable energy solutions, ensuring the safety of its services, and maintaining affordable rates for its members. With a strong focus on community and member satisfaction, Fergus Electric Cooperative continues to strive for excellence in the energy industry.

    Impact

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




    Thursday, August 15, 2024

    Fergus Electric Cooperative plays a crucial role in providing reliable, safe, and affordable energy services to communities across 14 central Montana counties. By distributing electricity and ancillary services, Fergus Electric Cooperative ensures that households and businesses have access to the power they need to function efficiently. This impact is felt not only in the provision of essential services but also in supporting economic activities and improving the overall quality of life in the region. Through its commitment to integrity, reliability, and affordability, Fergus Electric Cooperative aims to be the trusted provider for all energy-related services required by its members, further solidifying its role as a key contributor to the 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: $35,203
  • Program Service Revenue: $28,345,496
  • Gross Receipts: $29,316,943

    • Assets and Liabilities:
  • Total Assets: $54,389,942
  • Total Liabilities: $14,571,735
  • Net Assets: $39,818,207
  • Programs

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

    FROM CSA IMPORT

    Revenue

    $28,345,496

    Organization Details

    Founding Year

    1938

    Principal Officer

    Carson Sweeney

    Main Address

    84423 US HIGHWAY 87, LEWISTOWN, MT, 59457

    NTEE Category

    Code: W80 - Public benefit

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