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Employer Identification Number 75-0261611

Fannin County Electric Cooperative Inc is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:Fannin County Electric Cooperative Inc
Employer identification number (EIN):75-0261611
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 QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.
Number of Employees35
Number of Volunteers0
Year Formed1939

Organization Governance

Legal DomicileTX
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 22,532,802
Program Service Revenue from current yearUSD $ 32,344,486
Investment Income from prior yearUSD $ 116,524
Investment Income from current yearUSD $ 271,399
Other Revenue from prior yearUSD $ 24,704
Other Revenue from current yearUSD $ 172,553
Gross receipts from all sourcesUSD $ 32,800,203
Net assets / fund balances at end of fiscal yearUSD $ 27,854,767
Net assets / fund balances at beginning of fiscal yearUSD $ 25,901,725
Total liabilities at end of fiscal yearUSD $ 54,641,792
Total liabilities at beginning of fiscal yearUSD $ 36,008,552
Total assets at end of fiscal yearUSD $ 82,496,559
Total assets at beginning of fiscal yearUSD $ 61,910,277
Revenues less expenses for current yearUSD $ 422,835
Revenues less expenses for previous yearUSD $ 116,924
Total expenses for current yearUSD $ 32,365,603
Total expenses for previous yearUSD $ 22,557,106
Other expenses in current yearUSD $ 27,488,182
Other expenses in previous yearUSD $ 18,716,204
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 $ 3,358,391
Employee salary and benefits paid in previous yearUSD $ 3,321,412
Benefits paid to or for members in current yearUSD $ 1,514,762
Benefits paid to or for members in previous yearUSD $ 512,715
Grants and similar amounts paid in current yearUSD $ 4,268
Grants and similar amounts paid in previous yearUSD $ 6,775
Total revenue in current fiscal yearUSD $ 32,788,438
Total revenue in previous fiscal yearUSD $ 22,674,030
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 176
Total of other revenueUSD $ 172,729
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 21,471,137
Program Service Revenue from current yearUSD $ 22,532,802
Investment Income from prior yearUSD $ 254,672
Investment Income from current yearUSD $ 116,524
Other Revenue from prior yearUSD $ 23,306
Other Revenue from current yearUSD $ 24,704
Gross receipts from all sourcesUSD $ 22,675,202
Net assets / fund balances at end of fiscal yearUSD $ 25,901,725
Net assets / fund balances at beginning of fiscal yearUSD $ 26,023,343
Total liabilities at end of fiscal yearUSD $ 36,008,552
Total liabilities at beginning of fiscal yearUSD $ 40,168,610
Total assets at end of fiscal yearUSD $ 61,910,277
Total assets at beginning of fiscal yearUSD $ 66,191,953
Revenues less expenses for current yearUSD $ 116,924
Revenues less expenses for previous yearUSD $ 255,616
Total expenses for current yearUSD $ 22,557,106
Total expenses for previous yearUSD $ 21,493,499
Other expenses in current yearUSD $ 18,716,204
Other expenses in previous yearUSD $ 17,455,004
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 $ 3,321,412
Employee salary and benefits paid in previous yearUSD $ 3,329,414
Benefits paid to or for members in current yearUSD $ 512,715
Benefits paid to or for members in previous yearUSD $ 706,466
Grants and similar amounts paid in current yearUSD $ 6,775
Grants and similar amounts paid in previous yearUSD $ 2,615
Total revenue in current fiscal yearUSD $ 22,674,030
Total revenue in previous fiscal yearUSD $ 21,749,115
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 24,704
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 22,740,720
Program Service Revenue from current yearUSD $ 21,471,137
Investment Income from prior yearUSD $ 734,180
Investment Income from current yearUSD $ 254,672
Other Revenue from prior yearUSD $ 6,524
Other Revenue from current yearUSD $ 23,306
Gross receipts from all sourcesUSD $ 21,749,087
Net assets / fund balances at end of fiscal yearUSD $ 26,023,343
Net assets / fund balances at beginning of fiscal yearUSD $ 25,789,998
Total liabilities at end of fiscal yearUSD $ 40,168,610
Total liabilities at beginning of fiscal yearUSD $ 50,058,221
Total assets at end of fiscal yearUSD $ 66,191,953
Total assets at beginning of fiscal yearUSD $ 75,848,219
Revenues less expenses for current yearUSD $ 255,616
Revenues less expenses for previous yearUSD $ 734,180
Total expenses for current yearUSD $ 21,493,499
Total expenses for previous yearUSD $ 22,747,244
Other expenses in current yearUSD $ 17,455,004
Other expenses in previous yearUSD $ 18,342,011
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 $ 3,329,414
Employee salary and benefits paid in previous yearUSD $ 2,977,531
Benefits paid to or for members in current yearUSD $ 706,466
Benefits paid to or for members in previous yearUSD $ 1,422,535
Grants and similar amounts paid in current yearUSD $ 2,615
Grants and similar amounts paid in previous yearUSD $ 5,167
Total revenue in current fiscal yearUSD $ 21,749,115
Total revenue in previous fiscal yearUSD $ 23,481,424
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 23,306
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 22,883,644
Program Service Revenue from current yearUSD $ 22,740,720
Investment Income from prior yearUSD $ -695,444
Investment Income from current yearUSD $ 734,180
Other Revenue from prior yearUSD $ 18,898
Other Revenue from current yearUSD $ 6,524
Gross receipts from all sourcesUSD $ 23,720,127
Net assets / fund balances at end of fiscal yearUSD $ 25,789,998
Net assets / fund balances at beginning of fiscal yearUSD $ 23,988,978
Total liabilities at end of fiscal yearUSD $ 50,058,221
Total liabilities at beginning of fiscal yearUSD $ 62,774,898
Total assets at end of fiscal yearUSD $ 75,848,219
Total assets at beginning of fiscal yearUSD $ 86,763,876
Revenues less expenses for current yearUSD $ 734,180
Revenues less expenses for previous yearUSD $ 485,406
Total expenses for current yearUSD $ 22,747,244
Total expenses for previous yearUSD $ 21,721,692
Other expenses in current yearUSD $ 18,342,011
Other expenses in previous yearUSD $ 17,715,941
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 $ 2,977,531
Employee salary and benefits paid in previous yearUSD $ 2,533,350
Benefits paid to or for members in current yearUSD $ 1,422,535
Benefits paid to or for members in previous yearUSD $ 1,467,266
Grants and similar amounts paid in current yearUSD $ 5,167
Grants and similar amounts paid in previous yearUSD $ 5,135
Total revenue in current fiscal yearUSD $ 23,481,424
Total revenue in previous fiscal yearUSD $ 22,207,098
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 6,524
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 19,881,403
Program Service Revenue from current yearUSD $ 22,883,644
Investment Income from prior yearUSD $ 48,534
Investment Income from current yearUSD $ -695,444
Other Revenue from prior yearUSD $ 18,483
Other Revenue from current yearUSD $ 18,898
Gross receipts from all sourcesUSD $ 23,408,548
Net assets / fund balances at end of fiscal yearUSD $ 23,988,978
Net assets / fund balances at beginning of fiscal yearUSD $ 22,833,108
Total liabilities at end of fiscal yearUSD $ 62,774,898
Total liabilities at beginning of fiscal yearUSD $ 19,280,093
Total assets at end of fiscal yearUSD $ 86,763,876
Total assets at beginning of fiscal yearUSD $ 42,113,201
Revenues less expenses for current yearUSD $ 485,406
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 21,721,692
Total expenses for previous yearUSD $ 19,948,420
Other expenses in current yearUSD $ 17,715,941
Other expenses in previous yearUSD $ 16,565,990
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 $ 2,533,350
Employee salary and benefits paid in previous yearUSD $ 2,337,463
Benefits paid to or for members in current yearUSD $ 1,467,266
Benefits paid to or for members in previous yearUSD $ 1,041,917
Grants and similar amounts paid in current yearUSD $ 5,135
Grants and similar amounts paid in previous yearUSD $ 3,050
Total revenue in current fiscal yearUSD $ 22,207,098
Total revenue in previous fiscal yearUSD $ 19,948,420
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 18,898
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 18,492,973
Program Service Revenue from current yearUSD $ 19,881,403
Investment Income from prior yearUSD $ 666,689
Investment Income from current yearUSD $ 48,534
Other Revenue from prior yearUSD $ 13,048
Other Revenue from current yearUSD $ 18,483
Gross receipts from all sourcesUSD $ 19,948,420
Net assets / fund balances at end of fiscal yearUSD $ 22,833,108
Net assets / fund balances at beginning of fiscal yearUSD $ 22,348,376
Total liabilities at end of fiscal yearUSD $ 19,280,093
Total liabilities at beginning of fiscal yearUSD $ 18,079,001
Total assets at end of fiscal yearUSD $ 42,113,201
Total assets at beginning of fiscal yearUSD $ 40,427,377
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 19,948,420
Total expenses for previous yearUSD $ 19,172,710
Other expenses in current yearUSD $ 16,565,990
Other expenses in previous yearUSD $ 16,486,565
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 $ 2,337,463
Employee salary and benefits paid in previous yearUSD $ 2,025,901
Benefits paid to or for members in current yearUSD $ 1,041,917
Benefits paid to or for members in previous yearUSD $ 657,139
Grants and similar amounts paid in current yearUSD $ 3,050
Grants and similar amounts paid in previous yearUSD $ 3,105
Total revenue in current fiscal yearUSD $ 19,948,420
Total revenue in previous fiscal yearUSD $ 19,172,710
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 18,483
2016-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 18,733,225
Program Service Revenue from current yearUSD $ 18,492,973
Investment Income from prior yearUSD $ 702,916
Investment Income from current yearUSD $ 666,689
Other Revenue from prior yearUSD $ 13,048
Other Revenue from current yearUSD $ 13,048
Gross receipts from all sourcesUSD $ 19,172,710
Net assets / fund balances at end of fiscal yearUSD $ 22,348,376
Net assets / fund balances at beginning of fiscal yearUSD $ 21,211,918
Total liabilities at end of fiscal yearUSD $ 18,079,001
Total liabilities at beginning of fiscal yearUSD $ 19,102,299
Total assets at end of fiscal yearUSD $ 40,427,377
Total assets at beginning of fiscal yearUSD $ 40,314,217
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 19,172,710
Total expenses for previous yearUSD $ 19,449,189
Other expenses in current yearUSD $ 18,042,920
Other expenses in previous yearUSD $ 17,877,777
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 472,651
Employee salary and benefits paid in previous yearUSD $ 515,606
Benefits paid to or for members in current yearUSD $ 657,139
Benefits paid to or for members in previous yearUSD $ 1,055,806
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 19,172,710
Total revenue in previous fiscal yearUSD $ 19,449,189
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0
2015-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 19,938,907
Program Service Revenue from current yearUSD $ 18,733,225
Investment Income from prior yearUSD $ 899,058
Investment Income from current yearUSD $ 702,916
Other Revenue from prior yearUSD $ 13,048
Other Revenue from current yearUSD $ 13,048
Gross receipts from all sourcesUSD $ 19,449,189
Net assets / fund balances at end of fiscal yearUSD $ 21,211,918
Net assets / fund balances at beginning of fiscal yearUSD $ 19,611,521
Total liabilities at end of fiscal yearUSD $ 19,102,299
Total liabilities at beginning of fiscal yearUSD $ 17,162,795
Total assets at end of fiscal yearUSD $ 40,314,217
Total assets at beginning of fiscal yearUSD $ 36,774,316
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 19,449,189
Total expenses for previous yearUSD $ 20,851,013
Other expenses in current yearUSD $ 17,877,777
Other expenses in previous yearUSD $ 18,913,562
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 515,606
Employee salary and benefits paid in previous yearUSD $ 335,716
Benefits paid to or for members in current yearUSD $ 1,055,806
Benefits paid to or for members in previous yearUSD $ 1,601,735
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 19,449,189
Total revenue in previous fiscal yearUSD $ 20,851,013
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 750261611

USA Mailing Address
P O Box 250
Bonham
TX
75418
Date first seen: 2009-06-01
Date last seen: 2024-09-30

Nearby companies/organizations

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

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