Nonprofit · EIN 63-6208857
FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE
Tax-exempt · RAINSVILLE, AL 35986
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,673,016 | $4,594,517 | -$921,501 | $12,368,983 | $230,326 | $12,138,657 |
| December 31, 2023 | 990 | $5,282,919 | $3,664,729 | $1,618,190 | $13,835,577 | $1,239,657 | $12,595,920 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,166,266
- Investment income
- $506,750
- Net gain from sales of assets
- $186,451
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $4,543,472
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $13,835,577
- Total assets, end of year
- $12,368,983
- Total liabilities, end of year
- $230,326
- Net assets, end of year
- $12,138,657
- Publicly traded securities
- $11,601,993
- Gross receipts
- $13,723,893
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1997
- State of legal domicile
- AL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Reliance Trust | Trustee Institutional trustee | 0 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Reliance Trust | Trustee Institutional trustee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 217, RAINSVILLE, AL 35986-0217
- In care of
- % COMPASS BANK
- Principal officer (990 for 2024)
- Paul Higdon, P O Box 217, Rainsville, AL 35986
- Signed the 990
- Paul Higdon, CEO
- Phone
- (256) 638-2144
- Return prepared by
- Jackson Thornton & Co PC
Mission
None
Program accomplishments
- Provide medical benefits to participantsExpenses $4,594,517 · revenue $3,166,266
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 63-6208857
- Tax-exempt status
- 501(c)(9): Voluntary employees' beneficiary association
- Donations deductible
- No
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $12,368,983
- Income (IRS master file)
- $13,723,893
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,673,016 | $4,594,517 | $12,368,983 | XML |
| 990 | December 2023 | $5,282,919 | $3,664,729 | $13,835,577 | XML |
| 990 | December 2022 | $3,677,559 | $3,409,220 | $10,707,025 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 63-6208857).
Questions about FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE
- What is the EIN of FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE?
- The employer identification number (EIN) of FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE is 63-6208857.
- Is FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 1999.
- Are donations to FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE?
- The 990 for the year ended December 31, 2024 names Paul Higdon.
- Who are the officers and directors of FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE?
- The 990 for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,673,016, expenses of $4,594,517 and total assets of $12,368,983 at year end.
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