Farmers Electric Cooperative Inc

Greenville, TX
Tax-exempt since March 1943
EIN: 75-0263046

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$224M (2022)

Expenses

$220M (2022)

Total Assets

$433M (2022)

Total Liabilities

$244M (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

Revenue

$223,821,354

Expenses

$219,660,101

Net Income

$4,161,253

Net Assets

$188,343,222

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$222,604,716	99.5%
Investment Income	$159,990	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,500	0.0%
Net Fundraising	$0
Sales of Assets	$734	0.0%
Net Inventory Sales	$10	0.0%
Other Revenue	$1,046,404	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,038,733	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,134,156	3.2%

Assets/Debt
Total Assets	$432,838,169
Total Liabilities	$244,494,947
Net Assets	$188,343,222

Club or Co-Op Income
Income From Members	$222,277,596
Income From Other Sources	$5,563,592

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Stubbs (Ceo/General Manager)	$571,488	$0	$186,588
Brian Green (Director Of Engineering/Op)	$344,521	$0	$157,312
Samantha Crouch Baxter (General Counsel/Sr Director Of Ps & Es)	$327,016	$0	$112,110
Kathy Scroggins (Cfo/Director Of Finance)	$276,986	$0	$144,386
David Mark Lyles (Director Of Administration)	$269,462	$0	$126,275
David Earls (Manager Of Operations)	$177,071	$0	$90,600
Anthony Grant (Manager Of Information Tec)	$173,653	$0	$100,641
Michael Hale (Manager Of Power Quality)	$162,019	$0	$88,281
Shaun Chronister (Manager Of Engineering)	$160,006	$0	$81,776
Rosa Garmon (Manager Of Member Care)	$151,284	$0	$90,770
Tabitha Bryant (Mgr Of Hr & Development)	$136,480	$0	$53,225
James Nimmo (Mgr Of Communications)	$135,974	$0	$73,511
Mitchell Kellogg (Line Superintendent)	$134,501	$0	$63,969
Craig Anderson (Crew Foreman)	$133,327	$0	$50,496
Gary Giles (Line Superintendent)	$126,830	$0	$81,142
Bob Middleton Jr (Secretary/Treasurer)	$31,402	$0	$0
Tommy Pulliam (Vice President)	$29,430	$0	$0
Paul Tallant (Director)	$29,239	$0	$0
Marvin Fuller (Director)	$28,135	$0	$0
Martin Allain (Director)	$28,062	$0	$0
Bill Samuels (President)	$28,053	$0	$0
Don Phillips (Director)	$27,378	$0	$0
Wayne Douglas (Director)	$27,368	$0	$0
Larry Lane June Dec (Director)	$17,421	$0	$0

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990

Filed on Nov. 6, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$165,790,839

Expenses

$162,577,860

Net Income

$3,212,979

Net Assets

$169,355,280

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$162,007,065	97.7%
Investment Income	$125,572	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,500	0.0%
Net Fundraising	$0
Sales of Assets	-$30,713
Net Inventory Sales	$70	0.0%
Other Revenue	$3,679,345	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,200,165	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,821,672	4.2%

Assets/Debt
Total Assets	$380,713,687
Total Liabilities	$211,358,407
Net Assets	$169,355,280

Club or Co-Op Income
Income From Members	$159,459,621
Income From Other Sources	$4,945,901

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Stubbs (Ceo/General Manager)	$500,863	$0	$165,568
Brian Green (Director Of Engineering/Operations)	$306,774	$0	$145,434
Samantha Crouch Baxter (General Counsel/Dir Member Services)	$275,904	$0	$102,090
Kathy Scroggins (Cfo/Director Of Finance)	$246,929	$0	$137,247
David Mark Lyles (Director Of Administration)	$240,329	$0	$118,198
David Earls (Manager Of Operations)	$165,449	$0	$86,498
Anthony Grant (Manager Of Information Technology)	$157,892	$0	$92,538
Shaun Chronister (Manager Of Engineering)	$152,073	$0	$74,763
Michael Hale (Manager Of Power Quality)	$145,776	$0	$85,471
Rosa Garmon (Manager Of Member Care)	$138,975	$0	$87,926
Gary Giles (Line Superintendent)	$124,892	$0	$87,053
Craig Anderson (Crew Foreman)	$124,120	$0	$38,475
Brian Sims (Line Superintendent)	$123,746	$0	$72,946
Martin Allain (Director)	$27,864	$0	$0
Marvin Fuller (Director)	$27,814	$0	$0
Tommy Pulliam (Vice President)	$27,514	$0	$0
Bill Samuels (President)	$27,264	$0	$0
Wayne Douglas (Director)	$26,939	$0	$0
Don Phillips (Director)	$26,376	$0	$0
Bob Middleton Jr (Secretary/Treasurer)	$26,264	$0	$0
Betty Adams Jan Oct (Director)	$21,597	$0	$0
Paul Tallant May Dec (Director)	$19,984	$0	$0

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990

Filed on Oct. 20, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$146,859,103

Expenses

$145,884,227

Net Income

$974,876

Net Assets

$153,970,525

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$146,398,032	99.7%
Investment Income	$160,073	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,550	0.0%
Net Fundraising	$0
Sales of Assets	$60,233	0.0%
Net Inventory Sales	$20	0.0%
Other Revenue	$231,195	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,706,643	1.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,447,155	4.4%

Assets/Debt
Total Assets	$357,035,116
Total Liabilities	$203,064,591
Net Assets	$153,970,525

Club or Co-Op Income
Income From Members	$145,195,180
Income From Other Sources	$4,692,233

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Stubbs (Ceo/General Manager)	$441,783	$0	$140,027
Brian Green (Director Of Engineering/Op)	$290,673	$0	$121,269
Samantha Crouch Baxter (General Counsel)	$256,546	$0	$83,908
Kathy Scroggins (Cfo)	$229,056	$0	$114,590
David Mark Lyles (Director Of Administration)	$220,701	$0	$96,452
David Earls (Manager Of Operations)	$163,453	$0	$70,714
Anthony Grant (Manager Of Information Technology)	$151,410	$0	$78,425
Michael Hale (Manager Of Power Quality)	$143,450	$0	$75,412
Shaun Chronister (Manager Of Engineering)	$143,285	$0	$64,028
Rosa Garmon (Manager Of Memeber Care)	$130,036	$0	$73,811
Brian Sims (Line Superintendent)	$129,451	$0	$65,617
Mitchell Kellogg (Line Superintendent)	$120,349	$0	$52,454
Tommy Pulliam (Director)	$29,003	$0	$0
Wayne Douglas (Director)	$28,335	$0	$0
David Magness Deceased Dec (President)	$27,948	$0	$0
Martin Allain (Director)	$27,728	$0	$0
Bill Samuels (Vice President)	$27,523	$0	$0
Bob Middleton Jr (Secretary/Treasurer)	$27,478	$0	$0
Marvin Fuller (Director)	$27,383	$0	$0
Don Phillips (Director)	$26,374	$0	$0
Betty Adams (Director)	$25,864	$0	$0

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990

Filed on Nov. 3, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$150,509,505

Expenses

$150,474,992

Net Income

$34,513

Net Assets

$145,154,225

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$150,217,069	99.8%
Investment Income	$145,656	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,700	0.0%
Net Fundraising	$0
Sales of Assets	-$86,968
Net Inventory Sales	$125	0.0%
Other Revenue	$223,923	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,985,318	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,983,778	4.6%

Assets/Debt
Total Assets	$337,924,602
Total Liabilities	$192,770,377
Net Assets	$145,154,225

Club or Co-Op Income
Income From Members	$146,748,469
Income From Other Sources	$4,460,207

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Stubbs (Ceo/General Manager)	$449,302	$0	$118,738
Brian Green (Director Of Engineering/Operations)	$267,725	$0	$90,170
Samantha Crouch Baxter (General Counsel)	$233,372	$0	$61,600
Kathy Scroggins (Cfo)	$210,321	$0	$83,543
David Mark Lyles (Director Of Administration)	$192,940	$0	$67,725
Michael Hale (Manager Of Power Quality)	$138,996	$0	$65,368
Anthony Grant (Manager Of Information Technology)	$137,512	$0	$65,981
David Earls (Manager Of Operations)	$134,404	$0	$51,132
Shaun Chronister (Manager Of Engineering)	$129,667	$0	$51,971
Rosa Garmon (Manager Of Memeber Care)	$124,264	$0	$62,189
Bill Samuels (Vice President)	$30,674	$0	$0
Don Phillips (Director)	$27,918	$0	$0
David Magness (President)	$27,757	$0	$0
Martin Allain (Director)	$27,599	$0	$0
Tommy Pulliam (Director)	$23,897	$0	$0
Bob Middleton Jr (Director)	$21,199	$0	$0
Betty Adams (Secretary/Treasurer)	$18,269	$0	$0
Wayne Douglas (Director)	$17,562	$0	$0
Marvin Fuller (Director)	$15,007	$0	$0

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990

Filed on Nov. 9, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$149,207,895

Expenses

$147,035,710

Net Income

$2,172,185

Net Assets

$137,958,484

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$148,847,785	99.8%
Investment Income	$134,979	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,450	0.0%
Net Fundraising	$0
Sales of Assets	-$4,894
Net Inventory Sales	$150	0.0%
Other Revenue	$220,425	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,228,467	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,046,446	4.1%

Assets/Debt
Total Assets	$322,290,389
Total Liabilities	$184,331,905
Net Assets	$137,958,484

Club or Co-Op Income
Income From Members	$146,770,070
Income From Other Sources	$5,149,292

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Stubbs (Ceo/General Manager)	$833,637	$0	$122,985
Brian Green (Director Of Engineering/Operations)	$235,277	$0	$80,689
Samantha Crouch Baxter (General Counsel)	$199,576	$0	$57,686
Kathy Scroggins (Cfo)	$185,208	$0	$72,666
David Mark Lyles (Director Of Administration)	$172,993	$0	$56,925
Anthony Grant (Manager Of Information Technology)	$134,938	$0	$65,247
Michael Hale (Manager Of Power Quality)	$134,229	$0	$65,629
David Earls (Manager Of Operations)	$120,243	$0	$49,164
Brian Sims (Line Superintendent)	$119,320	$0	$54,066
Rosa Garmon (Manager Of Memeber Care)	$117,220	$0	$58,005
David Magness (President)	$27,969	$0	$0
Martin Allain (Director)	$27,710	$0	$0
Bill Samuels (Vice President)	$27,534	$0	$0
Don Phillips (Director)	$27,137	$0	$0
Bob Middleton Jr (Director)	$24,293	$0	$0
Tommy Pulliam (Director)	$22,959	$0	$0
Wayne Douglas (Director)	$20,967	$0	$0
Marvin Fuller (Director)	$16,794	$0	$0
Betty Adams (Secretary/Treasurer)	$15,462	$0	$0

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990

Filed on Nov. 13, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$133,038,312

Expenses

$132,458,847

Net Income

$579,465

Net Assets

$129,994,853

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,000	0.0%
Program Services	$132,602,187	99.7%
Investment Income	$153,693	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$6,150	0.0%
Net Fundraising	$0
Sales of Assets	$53,901	0.0%
Net Inventory Sales	$721	0.0%
Other Revenue	$216,660	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,774,237	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,193,206	4.7%

Assets/Debt
Total Assets	$304,943,338
Total Liabilities	$174,948,485
Net Assets	$129,994,853

Club or Co-Op Income
Income From Members	$130,895,166
Income From Other Sources	$5,832,842

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Stubbs (Ceo/General Manager)	$398,981	$0	$212,228
Brian Green (Director Of Engineering/Operations)	$210,243	$0	$70,465
David Mark Lyles (Director Of Administration)	$176,531	$0	$48,878
Kathy Scroggins (Cfo)	$167,836	$0	$62,879
Samantha Crouch Baxter (General Counsel)	$163,103	$0	$59,817
Michael Hale (Manager Of Power Quality)	$134,305	$0	$55,217
Anthony Grant (Manager Of Information Technology)	$131,619	$0	$54,836
David Earls (Manager Of Operations)	$112,927	$0	$35,777
Shaun Chronister (Manager Of Engineering)	$109,871	$0	$41,596
Rosa Garmon (Manager Of Memeber Care)	$109,209	$0	$47,958
Bob Middleton Jr (Director)	$27,087	$0	$0
Martin Allain (Director)	$25,902	$0	$0
Don Phillips (Director)	$24,140	$0	$0
Wayne Douglas (Director)	$23,868	$0	$0
Bill Samuels (Vice President)	$23,463	$0	$0
Tommy Pulliam (Director)	$21,588	$0	$0
David Magness (President)	$20,250	$0	$0
Betty Adams (Secretary/Treasurer)	$19,503	$0	$0
Marvin Fuller (Director)	$17,475	$0	$0

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990

Filed on Oct. 29, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$131,913,422

Expenses

$131,568,795

Net Income

$344,627

Net Assets

$126,707,846

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,500	0.0%
Program Services	$131,510,435	99.7%
Investment Income	$156,068	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,350	0.0%
Net Fundraising	$0
Sales of Assets	$19,150	0.0%
Net Inventory Sales	$59	0.0%
Other Revenue	$205,860	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,709,264	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,087,091	4.6%

Assets/Debt
Total Assets	$286,048,131
Total Liabilities	$159,340,285
Net Assets	$126,707,846

Club or Co-Op Income
Income From Members	$125,473,527
Income From Other Sources	$5,471,687

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Stubbs (Ceo/Gm)	$393,622	$0	$213,720
Brian Green (Director Of Engineering/Operations)	$199,866	$0	$63,023
Kathy Scroggins (Cfo)	$162,946	$0	$56,652
Samantha Crouch Baxter (General Counsel)	$153,265	$0	$39,039
David Mark Lyles (Director Of Administration)	$152,236	$0	$37,882
Michael Hale (Manager Of Operations)	$137,010	$0	$55,301
Stephen Geiger (Manager Of Engineering)	$128,606	$0	$50,614
Anthony Grant (Manager Of It)	$126,463	$0	$56,166
Brian Sims (Crew Foreman)	$121,176	$0	$44,924
David Earls (Crew Foreman)	$115,392	$0	$37,073
Wayne Douglas (Director)	$31,245	$0	$0
David Magness (President)	$30,499	$0	$0
Bob Middleton Jr (Director)	$29,788	$0	$0
Martin Allain (Director)	$28,640	$0	$0
Don Phillips (Director)	$28,437	$0	$0
Tommy Pulliam (Director)	$24,839	$0	$0
Bill Samuels (Vice President)	$24,189	$0	$0
Betty Adams (Secretary/Treasurer)	$21,202	$0	$0
Marvin Fuller (Director)	$18,174	$0	$0

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990

Filed on Nov. 13, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$127,751,869

Expenses

$127,459,448

Net Income

$292,421

Net Assets

$121,304,688

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$13,000	0.0%
Program Services	$127,317,413	99.7%
Investment Income	$169,707	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$9,150	0.0%
Net Fundraising	$0
Sales of Assets	$37,517	0.0%
Net Inventory Sales	$47	0.0%
Other Revenue	$205,035	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,381,079	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,278,363	4.1%

Assets/Debt
Total Assets	$271,930,866
Total Liabilities	$150,626,178
Net Assets	$121,304,688

Club or Co-Op Income
Income From Members	$122,106,217
Income From Other Sources	$1,828,954

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Stubbs (Ceo)	$361,511	$0	$182,985
Brian Green (Director Of Engr/Ops)	$176,176	$0	$53,982
David Mark Lyles (Director Of Admin)	$150,299	$0	$33,873
Kathy Scroggins (Cfo)	$141,173	$0	$50,292
Samantha Crouch Baxter (General Counsel)	$136,879	$0	$26,560
Michael Hale (Manager Of Operations)	$127,253	$0	$50,282
Stephen Geiger (Manager Of Engr)	$116,471	$0	$46,353
Anthony Grant (Manager Of It)	$116,385	$0	$50,540
Jon White (Eng Superintendent)	$101,119	$0	$53,905
Wayne Douglas (Director)	$31,968	$0	$0
Bill Samuels (Vice President)	$30,896	$0	$0
Bob Middleton Jr (Director)	$30,496	$0	$0
Don Phillips (Director)	$28,208	$0	$0
David Magness (President)	$27,857	$0	$0
Martin Allain (Director)	$23,846	$0	$0
Tommy Pulliam (Director)	$23,296	$0	$0
Betty Adams (Secretary/Treasurer)	$20,139	$0	$0
Marvin Fuller (Director)	$14,082	$0	$0

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990

Filed on Oct. 3, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$123,389,047

Expenses

$124,125,447

Net Income

-$736,400

Net Assets

$113,800,440

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,763	0.0%
Program Services	$122,967,224	99.7%
Investment Income	$172,698	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$215,460	0.2%
Net Fundraising	$0
Sales of Assets	$27,840	0.0%
Net Inventory Sales	$62	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,076,393	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,044,545	4.1%

Assets/Debt
Total Assets	$248,885,198
Total Liabilities	$135,084,758
Net Assets	$113,800,440

Club or Co-Op Income
Income From Members	$116,948,964
Income From Other Sources	$7,681,764

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Stubbs (Ceo)	$335,745	$0	$132,515
Brian Green (Director Of Engr/Ops)	$158,203	$0	$46,225
Kathy Scroggins (Cfo)	$137,782	$0	$44,087
Samantha Crouch Baxter (General Counsel)	$124,915	$0	$30,658
David Mark Lyles (Director Of Admin)	$124,251	$0	$27,031
Stephen Geiger (Manager Of Engr)	$120,245	$0	$38,603
Michael Hale (Manager Of Operations)	$118,305	$0	$45,090
Anthony Grant (Manager Of It)	$108,275	$0	$44,373
Bill Samuels (Vice President)	$30,376	$0	$0
Bob Middleton Jr (Director)	$29,226	$0	$0
Wayne Douglas (Director)	$28,159	$0	$0
Don Phillips (Director)	$27,551	$0	$0
Martin Allain (Director)	$24,576	$0	$0
David Magness (President)	$23,112	$0	$0
Tommy Pulliam (Director)	$21,576	$0	$0
Betty Adams (Secretary/Treasurer)	$21,348	$0	$0
Marvin Fuller (Director)	$15,912	$0	$0

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990

Filed on Nov. 4, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$119,168,064

Expenses

$119,168,064

Net Income

Net Assets

$111,478,063

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$118,977,695	99.8%
Investment Income	$190,805	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$250	0.0%
Net Fundraising	$0
Sales of Assets	-$846
Net Inventory Sales	$0
Other Revenue	$160	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$659,219	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$240,113,051
Total Liabilities	$128,634,988
Net Assets	$111,478,063

Club or Co-Op Income
Income From Members	$118,789,310
Income From Other Sources	$395,400

Compensation

Key Employees and Officers	Compensation	Related	Other
Mark Stubbs (Ceo)	$323,586	$0	$135,415
Brian Green (Dir Of Engineering And Op)	$156,035	$0	$45,844
Kathy Scroggins (Cfo)	$132,008	$0	$43,856
Samantha Crouch Baxter (General Counsel)	$122,398	$0	$28,464
David Mark Lyles (Dir Of Administration)	$122,192	$0	$30,522
Mike Hale (Manager Of Operations)	$119,896	$0	$42,921
Stephen Geiger (Manager Of Engineering)	$113,931	$0	$35,330
Bob Middleton Jr (Director)	$29,151	$0	$0
Bill Samuels (Vice President)	$27,851	$0	$0
Don Phillips (Director)	$27,415	$0	$0
Tommy Pulliam (Director)	$24,779	$0	$0
Martin Allain (Director)	$21,779	$0	$0
Wayne Douglas (Director)	$20,827	$0	$0
David Magness (President)	$19,877	$0	$0
Betty Adams (Secretary/Treasurer)	$16,420	$0	$0
Marvin Fuller (Director)	$15,527	$0	$0

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990

Filed on Sept. 30, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$102,810,756

Expenses

$89,315,655

Net Income

$13,495,101

Net Assets

$98,388,731

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$102,609,851	99.8%
Investment Income	$197,018	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$100	0.0%
Net Fundraising	$0
Sales of Assets	$3,477	0.0%
Net Inventory Sales	$0
Other Revenue	$310	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$605,931	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$216,831,979
Total Liabilities	$118,443,248
Net Assets	$98,388,731

Club or Co-Op Income
Income From Members	$97,599,571
Income From Other Sources	$5,080,336

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$106,448,921

Expenses

$96,015,373

Net Income

$10,433,548

Net Assets

$87,227,488

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$106,274,010	99.8%
Investment Income	$198,939	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$200	0.0%
Net Fundraising	$0
Sales of Assets	-$24,349
Net Inventory Sales	$0
Other Revenue	$121	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$582,650	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$208,993,692
Total Liabilities	$121,766,204
Net Assets	$87,227,488

Club or Co-Op Income
Income From Members	$105,254,594
Income From Other Sources	$1,194,327

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 »

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 October 30, 2024

Farmers Electric Cooperative Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $224M (2022)

Expenses $220M (2022)

Total Assets $433M (2022)

Total Liabilities $244M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$224M (2022)

Expenses

$220M (2022)

Total Assets

$433M (2022)

Total Liabilities

$244M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004