Chariton Valley Electric Cooperative

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 420625814 ✦ Albia, IA ✦ Designated as a 501(c)(12)

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Overview

What is Chariton Valley Electric Cooperative?

Chariton Valley Electric Cooperative is a public utility organization, headquartered in Albia, Iowa. Dedicated to providing essential electric services, they cater to their members with the goal of fulfilling a communal public utility mission.


Official website here: www.cvrec.com

Is Chariton Valley Electric Cooperative legitimate?

Chariton Valley Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Chariton Valley Electric Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,149,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $684,653

For more financial information, click here


Official website here: www.cvrec.com

What is the mission statement of Chariton Valley Electric Cooperative?

Chariton Valley Electric Cooperative is a public utility organization dedicated to delivering electric services to its members. The primary goal of this cooperative is to ensure access to electricity for its community, thus fulfilling the essential role of a public utility. By providing reliable and consistent electric service, the cooperative contributes significantly to improving the quality of life for its members. Additionally, the organization strives to maintain a strong commitment to ensuring the long-term sustainability of its electric infrastructure and continuously exploring options for energy efficiency and renewable energy solutions. The cooperative's mission is to meet the ongoing electric needs of its members and ensure their access to a dependable power source.


Official website here: www.cvrec.com

Who is the CEO of Chariton Valley Electric Cooperative?

Troy Amoss is the Operations Manager of Chariton Valley Electric Cooperative.


Official website here: www.cvrec.com

What is the revenue of Chariton Valley Electric Cooperative?

Chariton Valley Electric Cooperative's revenue in 2022 was $13,135,106.


Official website here: www.cvrec.com

Who are the executives of Chariton Valley Electric Cooperative and what are their salaries?

The average compensation at Chariton Valley Electric Cooperative during 2022 was $73,367. There are 25 employees at Chariton Valley Electric Cooperative.


Here are 16 key members and their salaries:


Leilani Todd (General Manager)
  • Compensation: $176,021
  • Related: $0
  • Other: $57,195
Trudy Grade (Finance Manager)
  • Compensation: $116,896
  • Related: $0
  • Other: $42,547
Troy Amoss (Operations Manager)
  • Compensation: $101,984
  • Related: $0
  • Other: $42,680
Kile Overmeyer (Lineman)
  • Compensation: $108,246
  • Related: $0
  • Other: $35,944
Jared Shaw (Line Foreman)
  • Compensation: $107,807
  • Related: $0
  • Other: $34,759
Kyle Kirchner (Lineman)
  • Compensation: $103,052
  • Related: $0
  • Other: $34,626
Tim Scott (Lineman)
  • Compensation: $98,698
  • Related: $0
  • Other: $35,941
Norm Major (Secretary)
  • Compensation: $8,000
  • Related: $0
  • Other: $0
Richard Welsh (Director)
  • Compensation: $7,750
  • Related: $0
  • Other: $0
Kenneth Vandenberg (Director)
  • Compensation: $7,125
  • Related: $0
  • Other: $0
Marchelle Brown (Treasurer)
  • Compensation: $6,250
  • Related: $0
  • Other: $0
Randy Gottschalk (Vice President)
  • Compensation: $5,750
  • Related: $0
  • Other: $0
John Houser (Director)
  • Compensation: $5,500
  • Related: $0
  • Other: $0
Wesley Green (Director)
  • Compensation: $4,750
  • Related: $0
  • Other: $0
Michael Miller (President)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Jerry Durian (Director)
  • Compensation: $3,500
  • Related: $0
  • Other: $0


Official website here: www.cvrec.com

Where can I find the form 990 for Chariton Valley Electric Cooperative?

Chariton Valley Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cvrec.com

Learn more at the official website: www.cvrec.com

Mission Statement of Chariton Valley Electric Cooperative

Chariton Valley Electric Cooperative, a public utility organization, is dedicated to supplying electric services to its members in fulfillment of its mission. This Albia, Iowa-based cooperative prioritizes public utility, ensuring uninterrupted power to its community.

Chariton Valley Electric Cooperative's primary objective is to deliver essential electric services to its members. As a public utility organization, it acknowledges its responsibility to the community it serves, providing them with a reliable and consistent power supply. By doing so, it strengthens connections within the community and contributes to the overall quality of life.

The cooperative's commitment to providing public utility goes beyond just electric services. It is an essential partner in the development and growth of its community, ensuring that its members have access to the energy they need to power their homes and businesses. Chariton Valley Electric Cooperative's mission is rooted in a deep understanding of the importance of electric power in modern life and the role it plays in enabling progress and opportunity.

Chariton Valley Electric Cooperative's efforts extend beyond the simple provision of electric services. They are dedicated to maintaining a strong and stable infrastructure, ensuring the reliable delivery of electricity to their members. Additionally, they employ a team of knowledgeable and skilled professionals who are always available to address any concerns or inquiries from their customers.

In summary, Chariton Valley Electric Cooperative is a public utility organization that places the needs of its members at the forefront of its mission. By providing consistent, reliable electric services, it plays a crucial role in the development and progress of its community.

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Impact




October, 2024

Chariton Valley Electric Cooperative significantly enhances the quality of life for its members by delivering reliable electric service in Albia, IA. By prioritizing the needs of the community, the cooperative ensures that residents have access to essential utilities, supporting both daily activities and economic growth. Their commitment to providing public utility fosters a sense of community and shared benefit among members, making a meaningful impact on the overall well-being of the area. Through their operations, Chariton Valley Electric Cooperative plays a vital role in promoting sustainable energy practices and contributing to the local economy, ultimately enriching the lives of those they serve.




This information is meant to be a general summary of Chariton Valley Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$13,135,106 (2022)
Expenses
$13,002,148 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $159,409
  • Program Service Revenue: $12,940,243
  • Gross Receipts: $13,152,940

Assets and Liabilities:

  • Total Assets: $43,233,896
  • Total Liabilities: $28,042,097
  • Net Assets: $15,191,799

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ELECTRIC SERVICE

Revenue

$12,726,878

CAPITAL CREDITS

Revenue

$213,365

Organization Details

Founding Year

1945

Principal Officer

Troy Amoss

Main Address

2090 HIGHWAY 5 SOUTH, ALBIA, IA, 52531

NTEE Category

Code: W80 - Public benefit

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