Florida Electric Cooperatives Assn
- Assets
- $1.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Tallahassee, FL
- Founding
- 12/1963
- Data as of
- 12/2021
- EIN
- 59-0633990
Organization Overview
Florida Electric Cooperatives Assn is located in Tallahassee, FL. The organization was established in 1963. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Florida Electric Cooperatives Assn employed 8 individuals. This organization is the central organization for a national or regional group of organizations. Florida Electric Cooperatives Assn is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Florida Electric Cooperatives Assn generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENT MEMBERS IN STATE LEGISLATIVE & REGULATORY ACTIVITIES, FEDERAL LEGISLATIVE ACTIVITIES; ASSIST WITH STATEWIDE DISASTERS, PROVIDE SELF-SUPPORTED SERVICE TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FECA REPRESENTS 15 ELECTRIC DISTRIBUTION COOPERATIVES AND 2 GENERATION AND TRANSMISSION COOPERATIVES SERVING OVER 1 MILLION CONSUMERS IN 54 OF 67 COUNTIES IN FLORIDA. FECA HOSTS MEETINGS TO EXCHANGE IDEAS THROUGH CONFERENCES, CONVENTIONS, AND REGULAR MEETINGS.
FECA REPRESENTS ITS MEMBERS BEFORE THE FLORIDA LEGISLATURE AND THE PUBLIC SERVICE COMMISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michel L Bjorklund Executive Vice President | Officer | 40 | $312,210 |
Michelle L Hershel Director Of Regulatory Affairs | 40 | $159,344 | |
Allison P Carter Director Of Government Affairs | 40 | $149,809 | |
Raymond G Trusik Director Of Accounting | Officer | 40 | $133,016 |
Barbara Townsend Secretary | OfficerTrustee | 1 | $0 |
Doug Bruce President As Of 2/4/21 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,847,960 |
| Investment income | $743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,997,692 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $624,940 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $408,483 |
| Pension plan accruals and contributions | $165,696 |
| Other employee benefits | $41,711 |
| Payroll taxes | $52,549 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,201 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $23,074 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,542 |
| Advertising and promotion | $6,517 |
| Office expenses | $21,864 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,912 |
| Travel | $43,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,282 |
| Interest | $3,919 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,986 |
| Insurance | $18,032 |
| All other expenses | $8,287 |
| Total functional expenses | $2,023,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,879 |
| Savings and temporary cash investments | $575,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,853 |
| Net Land, buildings, and equipment | $87,086 |
| Investments—publicly traded securities | $622,581 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,310 |
| Total assets | $1,592,997 |
| Accounts payable and accrued expenses | $151,846 |
| Grants payable | $0 |
| Deferred revenue | $19,125 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $75,616 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $622,581 |
| Total liabilities | $869,168 |
| Net assets without donor restrictions | $433,238 |
| Net assets with donor restrictions | $290,591 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,592,997 |
Grants Awarded
Over the last fiscal year, Florida Electric Cooperatives Assn has awarded $101,061 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Sumterville, FL PURPOSE: HURRICANE RELIEF | $71,967 |
Moore Haven, FL PURPOSE: HURRICANE RELIEF | $16,400 |
Tavernier, FL PURPOSE: HURRICANE RELIEF | $12,694 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Florida Electric Cooperatives Assn has recieved totaling $11,600.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATIONAL FUND-FECA SUMMER LEADERSHIP CONFERENCE | $11,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Middle Georgia Electric Membership Corporation Vienna, GA | $60,693,839 | $19,174,900 |
Tombigbee Electric Cooperative Inc Hamilton, AL | $70,534,555 | $17,768,087 |
Upson Electric Membership Corporation Thomaston, GA | $38,150,316 | $15,452,555 |
Marshall-Dekalb Electric Cooperative Boaz, AL | $96,065,726 | $18,545,582 |
Destin Water Users Inc Destin, FL | $116,857,681 | $20,467,236 |
Holley Navarre Water System Navarre, FL | $73,632,093 | $12,282,279 |
Pace Water Systems Inc Pace, FL | $100,740,740 | $12,498,088 |
South Walton Utility Company Inc Miramar Beach, FL | $77,529,965 | $12,379,659 |
Franklin Electric Cooperative Russellville, AL | $55,032,541 | $9,493,610 |
Island Water Association Inc Sanibel, FL | $37,970,400 | $8,170,096 |
Gasparilla Island Water Assoc Inc Boca Grande, FL | $40,821,701 | $6,839,429 |
Auburn Water System Inc Crestview, FL | $22,363,702 | $6,295,559 |