2024-11-15T08:05:52-06:00 2023-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2023-01-01 260749479 FARMERS ELECTRIC CHARITABLE FOUNDATION FARM 9034551715 2000 EAST I-30 GREENVILLE TX 75402 MARK STUBBS EXECUTIVE DIRECTOR 9034551715 2024-10-17 1 1 MATT R WILLIS P00419741 8067473806 2024-10-17 X 2023 2024-10-15 13:58:12Z MARK STUBBS 2000 EAST I-30 GREENVILLE TX 75402 419884 0 X FARMERSELECTRIC.COOP/COMMUNITY-INVOLVEMENT X 2007 TX THE ACCUMULATION OF AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE COUNTIES COMPRISING THE SERVICE TERRITORY OF FARMERS ELECTRIC COOPERATIVE. 9 9 0 9 0 0 390661 417851 0 0 1077 2033 0 0 391738 419884 343796 407374 0 0 0 0 0 0 0 0 379 343796 407753 47942 12131 261498 273629 0 0 261498 273629 X THE ACCUMULATION OF AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE COUNTIES COMPRISING THE SERVICE TERRITORY OF FARMERS ELECTRIC COOPERATIVE, INC. THIS INCLUDES THE FOLLOWING COUNTIES IN TEXAS: DALLAS, COLLIN, ROCKWALL, HUNT, HOPKINS, KAUFMAN, RAINS, DELTA, FRANKLIN, FANNIN, VAN ZANDT AND WOOD. 0 0 407753 407374 IN 2023 THE FOUNDATION DONATED $263,653 TO 31 DIFFERENT CHARITABLE ORGANIZATIONS AND DONATED $143,721 TO NEEDY INDIVIDUALS TO HELP WITH THEIR UTILITY BILLS. 407753 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X BOB MIDDLETON 9034551715 2000 EAST I-30 GREENVILLE TX 75402 MARTIN ALLAIN DIRECTOR 1.00 4.10 X 0 26007 0 MARVIN FULLER DIRECTOR 1.00 5.10 X 0 26007 0 TOMMY PULLIAM VICE PRESIDENT 1.00 4.40 X X 0 26993 0 BILL SAMUELS PRESIDENT 1.00 6.50 X X 0 28229 0 WAYNE DOUGLAS DIRECTOR 1.00 4.80 X 0 28465 0 DON PHILLIPS DIRECTOR 1.00 3.60 X 0 25873 0 BOB MIDDLETON JR TREASURER/SECRETARY 1.00 6.20 X X 0 31142 0 PAUL TALLANT DIRECTOR 1.00 4.90 X 0 28479 0 LARRY LANE DIRECTOR 1.00 5.80 X 0 30083 0 MARK STUBBS EXECUTIVE DIRECTOR 1.00 48.00 X 0 662418 180924 0 913696 180924 0 0 1 0 0 417851 417851 2033 2033 419884 0 0 2033 263653 263653 143721 143721 OTHER EXPENSES 379 379 407753 407753 0 0 261498 273629 261498 273629 0 0 X 0 0 0 0 261498 273629 261498 273629 261498 273629 12131 0 X X 0 1 X 0 0 X 304391 354446 327597 390661 417851 1794946 304391 354446 327597 390661 417851 1794946 1794946 4545 1747 597 1077 2033 9999 1804945 0.99450 0.99450 X 0 X 419884 0 419884 0 419884 407753 0 407753 0 407753 PART X, LINE 2: THE FOUNDATION HAS ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE FOUNDATION IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE FOUNDATION DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, OR OTHER STATE TAXING AUTHORITY, AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. 1 WYLIE CHRISTIAN CARE CENTER PO BOX 262 WYLIE TX 75098 752355156 501(C)(3) 40000 0 TO ASSIST THE NEEDY. ROCKWALL COUNTY HELPING HANDS INC PO BOX 375 ROCKWALL TX 75087 752402276 501(C)(3) 30000 0 TO PROVIDE FINANCIAL ASSISTANCE FOR BASIC NEEDS AND EDUCATIONAL RESOURCES. HOPKINS COUNTY COMMUNITY CHEST PO BOX 353 SULPHUR SPRINGS TX 75482 272789504 501(C)(3) 15000 0 TO ASSIST THE NEEDY. MEALS ON WHEELS ROCKWALL COUNTY 950 WILLIAMS ST BLD C STE 200 ROCKWALL TX 75087 311621625 501(C)(3) 13500 0 TO SUPPORT THE DELIVERY OF MEALS TO THE ELDERLY AND AFFIRMED. HUNT COUNTY SHARED MINISTRIES INC PO BOX 124 GREENVILLE TX 75403 752344035 501(C)(3) 12500 0 TO PROVIDE FINANCIAL SUPPORT FOR INDIGENT PEOPLE IN THE NORTHEAST TEXAS AREA. COVENTRY RESERVE PO BOX 1134 WYLIE TX 75098 200476382 501(C)(3) 10153 0 TO PROVIDE FINANCIAL ASSISTANCE TO ADULTS WITH SPECIAL NEEDS. LAKE AREA SHARED MINISTRIES 8493 HWY 34 SOUTH QUINLAN TX 75474 030415402 501(C)(3) 25000 0 ASSISTANCE FOR THE NEEDY. RAINS CO GOOD SAMARITANS P O BOX 114 EMORY TX 75440 752155423 501(C)(3) 10000 0 PROVIDE FOOD ASSISTANCE, FREE CLOTHING AND EMERGENCY ASSISTANCE. SOCIETY OF ST VINCENT PAUL 3826 GILBERT AVE DALLAS TX 75219 812423774 501(C)(3) 10000 0 PROVIDE FOOD, CLOTHING AND HOUSING ASSISTANCE. THE SALVATION ARMY OF KAUFMAN 5 OAK CREEK DRIVE KAUFMAN TX 75142 580660607 501(C)(3) 15000 0 MEET HUMAN NEEDS WHEREVER AND WHENEVER. HELP A CHILD BENEFIT 161 CR 3513 DIKE TX 75437 364893130 501(C)(3) 6000 0 TO PROVIDE FOOD AND ASSISTANCE TO CHILDREN. FARMERS ELECTRIC COOPERATIVE INC 2000 I-30 EAST GREENVILLE TX 75402 750263046 501(C)(12) 10000 0 GRANT TO COOPERATIVE SO COOPERATIVE CAN RECEIVE $10,000 MATCHING GRANT FROM COBANK SHARING SUCCESS. 11 1 GRANTS TO NEEDY INDIVIDUALS TO HELP WITH THEIR UTILITY BILLS. 1315 143721 PART I, LINE 2: THE FOUNDATION GRANTS MONEY DURING THE FISCAL YEAR TO VARIOUS TAX-EXEMPT ORGANIZATIONS. THE FOUNDATION MAINTAINS RECORDS WHICH SHOW THE AMOUNT OF MONEY GIVEN TO THE VARIOUS ORGANIZATIONS, ALONG WITH THE PURPOSE OF WHY THE FUNDS WERE GRANTED. THE FOUNDATION MAKES A DETERMINATION OF WHICH ORGANIZATIONS WILL RECEIVE GRANT MONEY DURING THE YEAR AND DONATES THE FUNDS ACCORDINGLY. 0 0 0 0 0 0 0 0 0 MARK STUBBS EXECUTIVE DIRECTOR 0 577976 0 3950 0 80492 0 150637 0 30287 0 843342 0 0 FORM 990, SCHEDULE J, PART II ALL COMPENSATION REPORTED ON SCHEDULE J PART II IS RELATED TO MR. STUBBS' EMPLOYMENT WITH FARMERS ELECTRIC COOPERATIVE, INC. FARMERS ELECTRIC COOPERATIVE PROVIDES ALL STAFF AND ADMINISTRATIVE OVERHEAD TO FARMERS ELECTRIC CHARITABLE FOUNDATION AT NO COST. 100% OF THE PROCEEDS FROM THE OPERATION ROUND-UP PROGRAM ARE DESIGNATED TO PROVIDE CHARITABLE ASSISTANCE. THE FOUNDATION DOES NOT PAY ANY COMPENSATION TO ITS DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WERE PROVIDED A COPY OF THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B) HAS READ AND UNDERSTANDS THE POLICY, C) HAS AGREED TO COMPLY WITH THE POLICY, AND D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF SUCH CONFLICT AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD AS A WHOLE IS RESPONSIBLE FOR SELECTING THE INDEPENDENT CPA TO PERFORM THE FINANCIAL STATEMENT AUDIT. FARMERS ELECTRIC COOPERATIVE INC 2000 I-30 EAST GREENVILLE TX 75402 750263046 ELECTRIC COOPERATIVE TX 501(C)(12) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 FARMERS ELECTRIC COOPERATIVE INC R 143721 CASH FARMERS ELECTRIC COOPERATIVE INC O 0 N/A LESS THAN $50,000 FARMERS ELECTRIC COOPERATIVE INC N 0 N/A LESS THAN $50,000 FARMERS ELECTRIC COOPERATIVE INC B 0 N/A LESS THAN $50,000