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Nonprofit · EIN 71-0054405

FARMERS ELECTRIC COOPERATIVE CORPORATION

Tax-exempt · NEWPORT, AR 72112

Financials

$11.2M$11.2M2023$13.5M$13.5M2024
Revenue Expenses · by fiscal year end
Financials of FARMERS ELECTRIC COOPERATIVE CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$13,499,638$13,499,638$0$54,762,396$33,798,791$20,963,605
December 31, 2023990$11,204,866$11,204,866$0$47,967,681$27,422,867$20,544,814
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$12,426,752
Investment income
$1,027,680
Other revenue
$45,206

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$1,407,733
Compensation of officers, directors and key employees
$500,907
Other salaries and wages
$149,359
Salaries, compensation and benefits (total)
$652,251
Professional fundraising fees
$0
Depreciation
$1,520,602

Balance sheet and other

Total assets, start of year
$47,967,681
Total assets, end of year
$54,762,396
Total liabilities, end of year
$33,798,791
Net assets, end of year
$20,963,605
Land, buildings and equipment
$46,553,959
Gross receipts
$13,499,638
Employees
24
Year formed
1937
State of legal domicile
AR

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.

NameTitleHours / weekCompensationOther / benefits
LARRY BRIGHTGENERAL MANA
Key employee
40$189,044$54,191
RONALD MARK BOWENCONST SUPERI
Highest-paid employee
50$105,684$43,675
CANDACE SHIRLEYSECRETARY-TR
Trustee or director
2$30,004$0
SCOTT MEARSDIRECTOR
Trustee or director
2$27,196$0
KENNY FALWELLPRESIDENT
Trustee or director
2$24,283$0
SAM HOUSTONVICE PRESIDE
Trustee or director
2$23,390$0
MICHAEL HONEYDIRECTOR
Trustee or director
2$23,335$0
SCOTT FOUSHEEDIRECTOR
Trustee or director
2$3,768$0
TODD HULETTDIRECTOR
Trustee or director
2$1,716$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensationOther / benefits
LARRY BRIGHTGENERAL MANA
Key employee
40$153,602$42,644
RONALD MARK BOWENCONST SUPERI
Highest-paid employee
50$101,550$31,625
CANDACE SHIRLEYDIRECTOR
Trustee or director
2$29,701$0
SCOTT MEARSDIRECTOR
Trustee or director
2$26,518$0
SAM HOUSTONVICE PRESIDE
Trustee or director
2$22,036$0
MICHAEL HONEYDIRECTOR
Trustee or director
2$21,652$0
KENNY FALWELLPRESIDENT
Trustee or director
2$19,668$0
BUDDY HULETTSECRETARY-TR
Trustee or director
2$3,677$0
SCOTT FOUSHEEDIRECTOR
Trustee or director
2$3,519$0

Address and contacts

Address (IRS master file)
300 HIGHWAY 367 N, NEWPORT, AR 72112-4829
Principal officer (990 for 2024)
BRIAN LINDSEY, 300 HIGHWAY 367 NORTH, NEWPORT, AR 72112
Signed the 990
BRIAN LINDSEY, MGR OF ACCOUNTING
Phone
(870) 523-3691
Return prepared by
THOMAS SPEIGHT & NOBLE CPA'S

Mission

TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • THE SALE OF LOW COST ELECTRICITY BENEFITS AN AVERAGE OF APPROXIMATELY 5,000 MEMBERS

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
71-0054405
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1938
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$54,762,396
Income (IRS master file)
$13,499,638

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$13,499,638$13,499,638$54,762,396XML
990December 2023$11,204,866$11,204,866$47,967,681XML
990December 2022$12,597,163$11,982,556$43,340,153IRS
990December 2021–––IRS
990December 2020–––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 71-0054405).

Questions about FARMERS ELECTRIC COOPERATIVE CORPORATION

What is the EIN of FARMERS ELECTRIC COOPERATIVE CORPORATION?
The employer identification number (EIN) of FARMERS ELECTRIC COOPERATIVE CORPORATION is 71-0054405.
Is FARMERS ELECTRIC COOPERATIVE CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
Are donations to FARMERS ELECTRIC COOPERATIVE CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FARMERS ELECTRIC COOPERATIVE CORPORATION 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 ELECTRIC COOPERATIVE CORPORATION 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 ELECTRIC COOPERATIVE CORPORATION 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 ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended December 31, 2024 names BRIAN LINDSEY.
Who are the officers and directors of FARMERS ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended December 31, 2024 lists 9 people; 9 received compensation from the organization, the highest $189,044 (LARRY BRIGHT, GENERAL MANA).
How much revenue does FARMERS ELECTRIC COOPERATIVE CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $13,499,638, expenses of $13,499,638 and total assets of $54,762,396 at year end.

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