TO PROVIDE RELIABLE ELECTRIC POWER AND RELATED SERVICES TO OUR MEMBERS AT THE MOST AFFORDABLE COST.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.
- Base
- $258k
- Bonus
- —
- Other
- $5k
- Benefits
- $36k
- Base
- $140k
- Bonus
- —
- Other
- $3k
- Benefits
- $35k
- Base
- $159k
- Bonus
- —
- Other
- —
- Benefits
- $35k
- Base
- $136k
- Bonus
- —
- Other
- $50
- Benefits
- $35k
- Base
- $141k
- Bonus
- —
- Other
- $982
- Benefits
- $26k
- Base
- $137k
- Bonus
- —
- Other
- —
- Benefits
- $34k
- Base
- $132k
- Bonus
- $2k
- Other
- —
- Benefits
- $29k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO 75th to 90th percentile | $258k | — | $5k | $36k | $340k $366k |
Chief Operations Officer Highest Compensated Employee Median to 75th percentile | $140k | — | $3k | $35k | $230k $248k |
Journeyman Lineman Highest Compensated Employee Median to 75th percentile | $159k | — | — | $35k | $203k $218k |
CFO Median to 75th percentile | $136k | — | $50 | $35k | $190k $204k |
Journeyman Lineman Highest Compensated Employee Median to 75th percentile | $141k | — | $982 | $26k | $183k $196k |
Line Foreman Highest Compensated Employee Median to 75th percentile | $137k | — | — | $34k | $182k $195k |
Chief Information Officer 25th percentile to median | $132k | $2k | — | $29k | $177k $190k |
Trustee Board Member 25th percentile to median | — | — | — | — | $13k $14k |
Secretary Officer (Unspecified) | — | — | — | — | $12k $13k |
Trustee Board Member 25th percentile to median | — | — | — | — | $12k $13k |
Vice President 10th to 25th percentile | — | — | — | — | $11k $12k |
Treasurer Officer (Unspecified) | — | — | — | — | $10k $11k |
Trustee Board Member 25th percentile to median | — | — | — | — | $10k $11k |
Trustee Board Member 25th percentile to median | — | — | — | — | $9k $10k |
Trustee Board Member 25th percentile to median | — | — | — | — | $9k $10k |
President Below 10th percentile | — | — | — | — | $9k $9k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Top pay as a share of expenses
In 2024, the highest total compensation at FREESTATE ELECTRIC COOPERATIVE INC equaled 0.7% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 11%
from 2023
From $307k in 2023 to $340k in 2024.
Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 11% from 2023 to 2024, while revenue rose 4%.
- Highest Compensated Employee pay rose 20% from 2023 to 2024.
- Chief Financial Officer pay rose 3% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
FREESTATE ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.
What Public & Societal Benefit executives earn
Comparable public & societal benefit organizations nationwide pay their highest-earning executive a median of $83,690.
These are public & societal benefit sector-wide figures, not this organization's reported pay. Based on 2,612 organizations across 2,612 filings (2021 – 2024).
See full Public & Societal Benefit compensation data →Common questions about FREESTATE ELECTRIC COOPERATIVE INC
What does the Chief Executive Officer of FREESTATE ELECTRIC COOPERATIVE INC earn?
In 2024, the Chief Executive Officer of FREESTATE ELECTRIC COOPERATIVE INC received $339,944 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Public & Societal Benefit organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at FREESTATE ELECTRIC COOPERATIVE INC compare with similar nonprofits?
Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at FREESTATE ELECTRIC COOPERATIVE INC falls between the 75th and 90th percentiles. In 2024, the highest total compensation at FREESTATE ELECTRIC COOPERATIVE INC equaled 0.7% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
What are FREESTATE ELECTRIC COOPERATIVE INC's revenue and expenses?
In 2024, FREESTATE ELECTRIC COOPERATIVE INC reported $47.4M in total revenue and $47.4M in total expenses on its IRS Form 990.
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