NonprofitsFort Belknap Electric Cooperative Inc

Fort Belknap Electric Cooperative Inc

OLNEY, TX

Total revenue

$17.5M

Total expenses

$17.5M

Net assets

$31.0M

Grants received

EIN

750274876

Tax year

2024

Mission

To provide electric power to rural areas at cost on a cooperative basis.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$17.4M
Investment income$91K
Other revenue$18K
Total revenue$17.5M

Expenses

Grants paid$8K
Salaries & benefits$2.3M
Fundraising
Other expenses$14.8M
Total expenses$17.5M
Total assets$40.7M
Net assets$31.0M

People

10 listed

NameRoleCompensation

KENDALL MONTGOMERY

CEO/GENERAL MANAGER

Board

$156K

57 hrs/wk

BENNIE LANE

SECRETARY/TREASURER

Board

$27K

3.7 hrs/wk

RICK ICKERT

PRESIDENT

Board

$26K

2.18 hrs/wk

WILSON TAACK

DIRECTOR

Board

$25K

1.87 hrs/wk

JIMMY BRUTON

DIRECTOR

Board

$25K

1.38 hrs/wk

LARRY HEARNE

VICE PRESIDENT

Board

$25K

1.13 hrs/wk

JAMES R YANCEY

DIRECTOR

Board

$25K

1.67 hrs/wk

TERRY CREEL

DIRECTOR

Board

$25K

1.19 hrs/wk

KENNETH LOWE

DIRECTOR

Board

$25K

0.88 hrs/wk

JC MATHIEWS

DIRECTOR

Board

$25K

0.95 hrs/wk

Independent contractors

GRAHAM POLELINE LTD

ELECTRIC UTILITY CONTRACTOR

$702K

NORTHEAST SERVICES INC DBA HORTON TREE

TREE TRIMMING CONTRACTOR

$304K

SCARBOROUGH ENGINEERING INC

ENGINEERING SERVICES

$247K

Details

EIN750274876
Subsection12
Ruling date1943-04
Formed1939
Employees28
Volunteers0
FORT BELKNAP ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo