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Farmers Electric Cooperative Corporation

  • Newport, AR
  • Tax-exempt since Feb. 1938
  • EIN: 71-0054405

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$12.6M (2022)

Expenses
$12M (2022)

Total Assets
$43.3M (2022)

Total Liabilities
$23.4M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,597,163
Expenses
$11,982,556
Net Income
$614,607
Net Assets
$19,962,716
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,999,632
95.3%
Investment Income $35,320
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $562,211
4.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $132,279
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $43,340,153
Total Liabilities $23,377,437
Net Assets $19,962,716
Club or Co-Op Income
Income From Members $11,955,351
Income From Other Sources $576,560
Compensation
Key Employees and Officers Compensation Related Other
Larry Bright (General Manager) $153,500 $0 $0
Candace Shirley (Director) $28,271 $0 $0
Scott Mears (Director) $26,466 $0 $0
Darrell Houston (Director) $21,449 $0 $0
Michael Honey (Director) $21,402 $0 $0
Kenny Falwell (Director) $19,647 $0 $0
Scott Foushee (Director) $3,518 $0 $0
Buddy Hulett (Director) $3,364 $0 $0
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Document Links

990
Filed on May 9, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,561,082
Expenses
$10,885,557
Net Income
$675,525
Net Assets
$19,565,912
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,034,388
95.4%
Investment Income $15,192
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $511,502
4.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $133,148
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $38,614,201
Total Liabilities $19,048,289
Net Assets $19,565,912
Club or Co-Op Income
Income From Members $10,979,838
Income From Other Sources $534,975
Compensation
Key Employees and Officers Compensation Related Other
Larry Bright (General Manager) $152,520 $0 $0
Candace Shirley (Director) $27,636 $0 $0
Scott Mears (Director) $26,442 $0 $0
Darrell Sam Houston (Director) $21,944 $0 $0
Michael Honey (Director) $21,941 $0 $0
Kenny Falwell (Director) $20,776 $0 $0
Scott Foushee (Director) $4,017 $0 $0
Buddy Hulett (Director) $2,781 $0 $0
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Document Links

990
Filed on May 10, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,265,595
Expenses
$9,104,808
Net Income
$1,160,787
Net Assets
$19,166,317
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,289,268
90.5%
Investment Income $53,451
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $922,876
9.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $132,210
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $37,231,596
Total Liabilities $18,065,279
Net Assets $19,166,317
Club or Co-Op Income
Income From Members $9,246,698
Income From Other Sources $972,917
Compensation
Key Employees and Officers Compensation Related Other
Larry Bright (General Manager) $143,549 $0 $0
Candace Shirley (Director) $27,541 $0 $0
Scott Mears (Director) $26,937 $0 $0
Kenny Falwell (Director) $22,317 $0 $0
Michael Honey (Director) $21,926 $0 $0
Darrell Sam Houston (Director) $21,685 $0 $0
Buddy Hulett (Director) $3,789 $0 $0
Scott Foushee (Director) $3,766 $0 $0
+ View more people

Document Links

990
Filed on March 30, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,855,642
Expenses
$9,127,854
Net Income
$727,788
Net Assets
$18,261,490
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,307,506
94.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $548,136
5.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $148,976
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $36,592,076
Total Liabilities $18,330,586
Net Assets $18,261,490
Club or Co-Op Income
Income From Members $9,307,506
Income From Other Sources $548,136
Compensation
Key Employees and Officers Compensation Related Other
Larry Bright (General Manager) $143,332 $0 $0
Candace Shirley (Director) $30,702 $0 $0
Scott Mears (Director) $28,585 $0 $0
Kenny Falwell (Director) $24,038 $0 $0
Darrell Sam Houston (Director) $21,969 $0 $0
Michael Honey (Director) $21,288 $0 $0
Scott Foushee (Director) $4,268 $0 $0
Buddy Hulett (Director) $3,628 $0 $0
+ View more people

Document Links

990
Filed on Nov. 25, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,066,387
Expenses
$9,892,099
Net Income
$1,174,288
Net Assets
$17,871,077
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,537,891
95.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $528,496
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $117,084
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $36,906,341
Total Liabilities $19,035,264
Net Assets $17,871,077
Club or Co-Op Income
Income From Members $10,537,891
Income From Other Sources $528,496

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,041,027
Expenses
$9,302,734
Net Income
$738,293
Net Assets
$16,982,254
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,556,721
95.2%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $484,306
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $117,355
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $33,072,464
Total Liabilities $16,090,210
Net Assets $16,982,254
Club or Co-Op Income
Income From Members $9,556,721
Income From Other Sources $484,306

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,838,984
Expenses
$9,472,246
Net Income
$1,366,738
Net Assets
$16,512,144
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,444,403
96.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $394,581
3.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $113,129
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $31,415,690
Total Liabilities $14,903,546
Net Assets $16,512,144
Club or Co-Op Income
Income From Members $10,444,403
Income From Other Sources $394,581

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,714,906
Expenses
$10,111,769
Net Income
-$396,863
Net Assets
$15,342,563
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,400,710
96.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $314,196
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $127,328
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,201,297
Total Liabilities $13,858,734
Net Assets $15,342,563
Club or Co-Op Income
Income From Members $9,400,710
Income From Other Sources $314,196

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,502,737
Expenses
$9,396,912
Net Income
$1,105,825
Net Assets
$14,872,762
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $10,180,640
96.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $322,097
3.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $123,773
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $28,300,077
Total Liabilities $13,427,315
Net Assets $14,872,762
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,792,433
Expenses
$8,902,729
Net Income
$889,704
Net Assets
$14,009,648
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,476,830
96.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $315,603
3.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $127,619
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $26,900,986
Total Liabilities $12,891,338
Net Assets $14,009,648
Club or Co-Op Income
Income From Members $9,476,830
Income From Other Sources $315,603

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,035,567
Expenses
$8,458,974
Net Income
$1,576,593
Net Assets
$13,311,887
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,471,051
94.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $564,516
5.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $117,203
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,276,774
Total Liabilities $11,964,887
Net Assets $13,311,887
Club or Co-Op Income
Income From Members $9,471,051
Income From Other Sources $564,516

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,403,587
Expenses
$8,180,771
Net Income
$1,222,816
Net Assets
$11,595,436
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,895,342
94.6%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $508,245
5.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $102,158
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,686,339
Total Liabilities $12,090,903
Net Assets $11,595,436
Club or Co-Op Income
Income From Members $8,895,342
Income From Other Sources $508,245

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated