EIN 75-0263046

Farmers Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
208
State
Year formed
1937
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Farmers Electric Cooperative provides quality electric service to member-owners at a reasonable cost. It provides electric energy to its members cooperatively by allocating patronage capital. At year-end, it had 88,070 active services.
Total revenues
$205,067,907
2023
Total expenses
$205,682,056
2023
Total assets
$485,382,315
2023
Num. employees
208
2023

Program areas at Farmers Electric Cooperative

Providing Electric energy to our members on a Cooperative basis through the allocation of patronage capital. There were 94,562 active services at year end.

Grants made by Farmers Electric Cooperative

GranteeGrant descriptionAmount
Northeast Texas Livestock AssociationSupport Community Youth at Livestock Show$7,336
Hunt County Fair AssociationSupport Community Youth at Livestock Show.$5,341
Youth Fair of RockwallSupport Community Youth at Livestock Show.$5,100

Who funds Farmers Electric Cooperative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Farmers Electric Charitable FoundationGrant To Cooperative So Cooperative Can Receive $10,000 Matching Grant From Cobank Sharing Success.$10,000

Personnel at Farmers Electric Cooperative

NameTitleCompensation
Mark StubbsChief Executive Officer and General Manager$662,418
Kathy ScrogginsChief Financial Officer and Director of Finance$300,358
David Mark LylesDirector of Administration$298,423
Brian GreenSenior Director of Engineering and Op / Director of Engineering and Operations / Director of Engr and Operations / Director of Engineering and Op$366,131
Samantha Crouch BaxterGeneral Counsel and SR Director of PS and Es / General Counsel and Director Member Services$367,166
...and 10 more key personnel

Financials for Farmers Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$203,936,861
Investment income and dividends$200,724
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$9,914
Net gain from sale of non-inventory assets$56,119
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$20
Miscellaneous revenues$864,269
Total revenues$205,067,907

Form 990s for Farmers Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-06990View PDF
2021-122022-10-20990View PDF
2020-122021-11-03990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s

Organizations like Farmers Electric Cooperative

OrganizationLocationRevenue
Jones-Onslow Electric Membership Corporation (JOEMC)Jacksonville, NC$159,869,087
Consumers PowerPhilomath, OR$51,938,913
Coserv ElectricCorinth, TX$780,794,954
Sequachee Valley Electric CooperativeSouth Pittsburg, TN$112,585,937
Glades Electric CooperativeMoore Haven, FL$58,797,465
Volunteer Energy CooperativeDecatur, TN$282,124,718
Gibson Electric MembershipTrenton, TN$119,497,988
Southern Maryland Electric CooperativeHughesville, MD$482,120,622
New Hampshire Electric Cooperative (NHEC)Plymouth, NH$183,216,707
Dixie Electric Membership CorporationBaton Rouge, LA$255,138,584
Data update history
February 7, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 17, 2025
Updated personnel
Identified 2 new personnel
January 11, 2025
Used new vendors
Identified 1 new vendor, including
January 5, 2025
Received grants
Identified 1 new grant, including a grant for $10,000 from Farmers Electric Charitable Foundation
December 31, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
Receives government funding
General information
Address
2000 I-30 East
Greenville, TX 75402
Metro area
Dallas-Fort Worth-Arlington, TX
County
Hunt County, TX
Website URL
farmerselectric.coop/ 
Phone
(903) 455-1715
IRS details
EIN
75-0263046
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Central organization
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