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Employer Identification Number 42-0260720

FRANKLIN RURAL ELECTRIC COOPERATIVE is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:FRANKLIN RURAL ELECTRIC COOPERATIVE
Employer identification number (EIN):42-0260720
EIN Issuing AuthorityPhiladelphia, PA
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO PROVIDE RELIABLE AND AFFORDABLE ELECTRICITY TO OUR MEMBERS
Number of Employees18
Number of Volunteers0
Year Formed1936

Organization Governance

Legal DomicileIA
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 2,022
Net unrelated business incomeUSD $ 5,016
Program Service Revenue from prior yearUSD $ 7,598,103
Program Service Revenue from current yearUSD $ 7,468,479
Investment Income from prior yearUSD $ 15,363
Investment Income from current yearUSD $ 43,506
Other Revenue from prior yearUSD $ 514,282
Other Revenue from current yearUSD $ 911,025
Gross receipts from all sourcesUSD $ 8,453,405
Net assets / fund balances at end of fiscal yearUSD $ 8,950,875
Net assets / fund balances at beginning of fiscal yearUSD $ 8,245,745
Total liabilities at end of fiscal yearUSD $ 11,305,007
Total liabilities at beginning of fiscal yearUSD $ 11,560,943
Total assets at end of fiscal yearUSD $ 20,255,882
Total assets at beginning of fiscal yearUSD $ 19,806,688
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ -2
Total expenses for current yearUSD $ 8,423,010
Total expenses for previous yearUSD $ 8,127,750
Other expenses in current yearUSD $ 7,046,568
Other expenses in previous yearUSD $ 7,282,082
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 404,818
Employee salary and benefits paid in previous yearUSD $ 333,585
Benefits paid to or for members in current yearUSD $ 971,624
Benefits paid to or for members in previous yearUSD $ 512,083
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 8,423,010
Total revenue in previous fiscal yearUSD $ 8,127,748
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 30,395
Gross sales of inventory assetsUSD $ 131,052
Total of other revenueUSD $ 810,368
2021-12-31
Total unrelated business incomeUSD $ -5,906
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 7,389,983
Program Service Revenue from current yearUSD $ 7,598,103
Investment Income from prior yearUSD $ 15,696
Investment Income from current yearUSD $ 15,363
Other Revenue from prior yearUSD $ 585,594
Other Revenue from current yearUSD $ 514,282
Gross receipts from all sourcesUSD $ 8,162,969
Net assets / fund balances at end of fiscal yearUSD $ 8,245,745
Net assets / fund balances at beginning of fiscal yearUSD $ 8,034,654
Total liabilities at end of fiscal yearUSD $ 11,560,943
Total liabilities at beginning of fiscal yearUSD $ 12,000,691
Total assets at end of fiscal yearUSD $ 19,806,688
Total assets at beginning of fiscal yearUSD $ 20,035,345
Revenues less expenses for current yearUSD $ -2
Revenues less expenses for previous yearUSD $ 166,684
Total expenses for current yearUSD $ 8,127,750
Total expenses for previous yearUSD $ 7,824,589
Other expenses in current yearUSD $ 7,282,082
Other expenses in previous yearUSD $ 6,974,828
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 333,585
Employee salary and benefits paid in previous yearUSD $ 281,501
Benefits paid to or for members in current yearUSD $ 512,083
Benefits paid to or for members in previous yearUSD $ 568,260
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 8,127,748
Total revenue in previous fiscal yearUSD $ 7,991,273
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 35,221
Gross sales of inventory assetsUSD $ 150,120
Total of other revenueUSD $ 399,383
2020-12-31
Total unrelated business incomeUSD $ -4,789
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 7,555,987
Program Service Revenue from current yearUSD $ 7,389,983
Investment Income from prior yearUSD $ 46,155
Investment Income from current yearUSD $ 15,696
Other Revenue from prior yearUSD $ 571,903
Other Revenue from current yearUSD $ 585,594
Gross receipts from all sourcesUSD $ 8,082,234
Net assets / fund balances at end of fiscal yearUSD $ 8,034,654
Net assets / fund balances at beginning of fiscal yearUSD $ 7,622,923
Total liabilities at end of fiscal yearUSD $ 12,000,691
Total liabilities at beginning of fiscal yearUSD $ 9,594,271
Total assets at end of fiscal yearUSD $ 20,035,345
Total assets at beginning of fiscal yearUSD $ 17,217,194
Revenues less expenses for current yearUSD $ 166,684
Revenues less expenses for previous yearUSD $ 137,645
Total expenses for current yearUSD $ 7,824,589
Total expenses for previous yearUSD $ 8,036,400
Other expenses in current yearUSD $ 6,974,828
Other expenses in previous yearUSD $ 7,442,227
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 281,501
Employee salary and benefits paid in previous yearUSD $ 327,746
Benefits paid to or for members in current yearUSD $ 568,260
Benefits paid to or for members in previous yearUSD $ 266,427
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 7,991,273
Total revenue in previous fiscal yearUSD $ 8,174,045
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 88,461
Gross sales of inventory assetsUSD $ 220,784
Total of other revenueUSD $ 453,271
2019-12-31
Total unrelated business incomeUSD $ 37,937
Net unrelated business incomeUSD $ -5,107
Program Service Revenue from prior yearUSD $ 7,352,174
Program Service Revenue from current yearUSD $ 7,555,987
Investment Income from prior yearUSD $ 24,668
Investment Income from current yearUSD $ 46,155
Other Revenue from prior yearUSD $ 933,275
Other Revenue from current yearUSD $ 571,903
Gross receipts from all sourcesUSD $ 8,262,626
Net assets / fund balances at end of fiscal yearUSD $ 7,622,923
Net assets / fund balances at beginning of fiscal yearUSD $ 7,473,803
Total liabilities at end of fiscal yearUSD $ 9,594,271
Total liabilities at beginning of fiscal yearUSD $ 8,493,984
Total assets at end of fiscal yearUSD $ 17,217,194
Total assets at beginning of fiscal yearUSD $ 15,967,787
Revenues less expenses for current yearUSD $ 137,645
Revenues less expenses for previous yearUSD $ 132,688
Total expenses for current yearUSD $ 8,036,400
Total expenses for previous yearUSD $ 8,177,429
Other expenses in current yearUSD $ 7,442,227
Other expenses in previous yearUSD $ 7,042,209
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 327,746
Employee salary and benefits paid in previous yearUSD $ 300,327
Benefits paid to or for members in current yearUSD $ 266,427
Benefits paid to or for members in previous yearUSD $ 834,893
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 8,174,045
Total revenue in previous fiscal yearUSD $ 8,310,117
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 88,581
Gross sales of inventory assetsUSD $ 232,339
Total of other revenueUSD $ 428,145
2018-12-31
Total unrelated business incomeUSD $ 40,384
Net unrelated business incomeUSD $ -4,240
Program Service Revenue from prior yearUSD $ 7,289,426
Program Service Revenue from current yearUSD $ 7,352,174
Investment Income from prior yearUSD $ 17,136
Investment Income from current yearUSD $ 24,668
Other Revenue from prior yearUSD $ 479,290
Other Revenue from current yearUSD $ 933,275
Gross receipts from all sourcesUSD $ 8,448,944
Net assets / fund balances at end of fiscal yearUSD $ 7,473,803
Net assets / fund balances at beginning of fiscal yearUSD $ 6,743,324
Total liabilities at end of fiscal yearUSD $ 8,493,984
Total liabilities at beginning of fiscal yearUSD $ 8,780,781
Total assets at end of fiscal yearUSD $ 15,967,787
Total assets at beginning of fiscal yearUSD $ 15,524,105
Revenues less expenses for current yearUSD $ 132,688
Revenues less expenses for previous yearUSD $ 306,706
Total expenses for current yearUSD $ 8,177,429
Total expenses for previous yearUSD $ 7,479,146
Other expenses in current yearUSD $ 7,042,209
Other expenses in previous yearUSD $ 6,998,021
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 300,327
Employee salary and benefits paid in previous yearUSD $ 200,654
Benefits paid to or for members in current yearUSD $ 834,893
Benefits paid to or for members in previous yearUSD $ 280,471
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 8,310,117
Total revenue in previous fiscal yearUSD $ 7,785,852
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 138,827
Gross sales of inventory assetsUSD $ 234,736
Total of other revenueUSD $ 837,366
2017-12-31
Total unrelated business incomeUSD $ 41,100
Net unrelated business incomeUSD $ 3,384
Program Service Revenue from prior yearUSD $ 7,305,834
Program Service Revenue from current yearUSD $ 7,289,426
Investment Income from prior yearUSD $ 30,517
Investment Income from current yearUSD $ 17,136
Other Revenue from prior yearUSD $ 617,497
Other Revenue from current yearUSD $ 479,290
Gross receipts from all sourcesUSD $ 7,939,324
Net assets / fund balances at end of fiscal yearUSD $ 6,743,324
Net assets / fund balances at beginning of fiscal yearUSD $ 6,419,578
Total liabilities at end of fiscal yearUSD $ 8,780,781
Total liabilities at beginning of fiscal yearUSD $ 8,522,416
Total assets at end of fiscal yearUSD $ 15,524,105
Total assets at beginning of fiscal yearUSD $ 14,941,994
Revenues less expenses for current yearUSD $ 306,706
Revenues less expenses for previous yearUSD $ 502,093
Total expenses for current yearUSD $ 7,479,146
Total expenses for previous yearUSD $ 7,451,755
Other expenses in current yearUSD $ 6,998,021
Other expenses in previous yearUSD $ 6,941,677
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 200,654
Employee salary and benefits paid in previous yearUSD $ 211,875
Benefits paid to or for members in current yearUSD $ 280,471
Benefits paid to or for members in previous yearUSD $ 298,203
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 7,785,852
Total revenue in previous fiscal yearUSD $ 7,953,848
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 153,472
Gross sales of inventory assetsUSD $ 240,941
Total of other revenueUSD $ 391,821
2016-12-31
Total unrelated business incomeUSD $ 68,209
Net unrelated business incomeUSD $ 8,773
Program Service Revenue from prior yearUSD $ 7,135,013
Program Service Revenue from current yearUSD $ 7,305,834
Investment Income from prior yearUSD $ 34,333
Investment Income from current yearUSD $ 30,517
Other Revenue from prior yearUSD $ 245,685
Other Revenue from current yearUSD $ 617,497
Gross receipts from all sourcesUSD $ 8,008,414
Net assets / fund balances at end of fiscal yearUSD $ 6,419,578
Net assets / fund balances at beginning of fiscal yearUSD $ 5,772,163
Total liabilities at end of fiscal yearUSD $ 8,522,416
Total liabilities at beginning of fiscal yearUSD $ 8,261,768
Total assets at end of fiscal yearUSD $ 14,941,994
Total assets at beginning of fiscal yearUSD $ 14,033,931
Revenues less expenses for current yearUSD $ 502,093
Revenues less expenses for previous yearUSD $ 145,474
Total expenses for current yearUSD $ 7,451,755
Total expenses for previous yearUSD $ 7,269,557
Other expenses in current yearUSD $ 6,941,677
Other expenses in previous yearUSD $ 6,605,511
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 211,875
Employee salary and benefits paid in previous yearUSD $ 344,583
Benefits paid to or for members in current yearUSD $ 298,203
Benefits paid to or for members in previous yearUSD $ 319,463
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 7,953,848
Total revenue in previous fiscal yearUSD $ 7,415,031
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 54,566
Gross sales of inventory assetsUSD $ 56,669
Total of other revenueUSD $ 615,394

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 420260720

USA Mailing Address
PO BOX 437
HAMPTON
IA
50441
Date first seen: 2007-01-01
Date last seen: 2024-09-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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