Overview
What is Ark Valley Electric Cooperative?
Ark Valley Electric Cooperative is a nonprofit organization headquartered in Hutchinson, Kansas. They specialize in distributing electricity to approximately 5,228 rural members, operating over 2,050 miles of overhead lines and 46 miles of underground distribution lines. Established as a voluntary membership cooperative, it is open to all who can utilize its services, adhering to the principle of one vote per member. The cooperative's surplus revenues are returned to members through capital allocations, aligning with its mission to provide affordable, safe, and reliable high-quality electric energy while striving to enhance the overall quality of life for its members.
Official website here: www.arkvalley.com
Is Ark Valley Electric Cooperative legitimate?
Ark Valley Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Ark 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: $477,318
Professional Fundraising Fees: $0
Other Salaries and Wages: $987,392
For more financial information, click here
Official website here: www.arkvalley.com
What is the mission statement of Ark Valley Electric Cooperative?
The Ark Valley Electric Cooperative Association, Inc., is committed to delivering safe, dependable, and high-quality electric energy to its members at the most affordable price. The cooperative strives to enhance the overall quality of life for all its members while adhering to cooperative principles. The organization serves approximately 5,228 rural members, managing 2,050 miles of overhead power lines and 46 miles of underground distribution lines. As a voluntary organization, it is open to anyone who can utilize its services. The members control the cooperative, with each one having an equal vote. The excess revenues, beyond what's required to cover expenses, are allocated back to the members in the form of capital credits.
Official website here: www.arkvalley.com
Who is the CEO of Ark Valley Electric Cooperative?
Jackie Holmberg is the General Mana of Ark Valley Electric Cooperative.
Official website here: www.arkvalley.com
What is the revenue of Ark Valley Electric Cooperative?
Ark Valley Electric Cooperative's revenue in 2022 was $15,570,728.
Official website here: www.arkvalley.com
Who are the executives of Ark Valley Electric Cooperative and what are their salaries?
The average compensation at Ark Valley Electric Cooperative during 2022 was $97,647. There are 15 employees at Ark Valley Electric Cooperative.
Here are 16 key members and their salaries:
- Compensation: $154,382
- Related: $0
- Other: $123,989
- Compensation: $145,650
- Related: $0
- Other: $125,718
- Compensation: $119,078
- Related: $0
- Other: $75,124
- Compensation: $116,550
- Related: $0
- Other: $59,199
- Compensation: $111,317
- Related: $0
- Other: $64,149
- Compensation: $111,890
- Related: $0
- Other: $58,717
- Compensation: $102,960
- Related: $0
- Other: $64,837
- Compensation: $4,950
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
- Compensation: $4,700
- Related: $0
- Other: $0
- Compensation: $3,950
- Related: $0
- Other: $0
- Compensation: $3,850
- Related: $0
- Other: $0
- Compensation: $3,250
- Related: $0
- Other: $0
- Compensation: $2,650
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
Official website here: www.arkvalley.com
Where can I find the form 990 for Ark Valley Electric Cooperative?
Ark Valley Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arkvalley.com
Learn more at the official website: www.arkvalley.com
Mission Statement of Ark Valley Electric Cooperative
Ark Valley Electric Cooperative, a voluntary organization, is committed to providing its members with safe, reliable, and high-quality electric energy at the lowest cost. This cooperative, controlled by its members with one vote per member, strives to enhance the overall quality of life for all its 5,228 rural members. The association operates over 2,050 miles of overhead lines and 46 miles of underground distribution lines.
At the heart of Ark Valley Electric Cooperative's mission is a dedication to adhering to cooperative principles. This includes a focus on community involvement and a commitment to returning any surplus margins beyond necessary expenses back to the members. The cooperative aims to provide essential electric energy services while fostering a sense of unity and collaboration among its members. By operating efficiently and effectively, Ark Valley Electric Cooperative is able to keep costs low and maintain a strong commitment to improving the lives of those it serves.
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Impact
October, 2024
Ark Valley Electric Cooperative plays a significant role in providing safe and reliable electric energy to its 5,228 rural members in Kansas. With an extensive network of 2,050 miles of overhead lines and 46 miles of underground distribution lines, the cooperative ensures that electricity is accessible to its members at the lowest possible cost.
By adhering to cooperative principles, Ark Valley empowers its members with a voice in decision-making, allowing each member to have one vote. This collaborative governance model fosters a sense of community and promotes transparency. Furthermore, the cooperative enhances the quality of life for its members by returning excess margins through capital allocations, which supports further improvements and initiatives within the community.
Overall, Ark Valley Electric Cooperative not only meets the fundamental need for electricity but also actively contributes to the well-being and economic stability of the rural areas it serves.
This information is meant to be a general summary of Ark 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $103,411
- Program Service Revenue: $15,444,928
- Gross Receipts: $15,570,728
Assets and Liabilities:
- Total Assets: $45,574,215
- Total Liabilities: $22,567,890
- Net Assets: $23,006,325
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$15,293,261
CAPITAL CREDITS
Revenue
$113,931
MISCELLANEOUS ELECTRIC
Revenue
$37,736
Organization Details
Founding Year
1939
Phone
(620) 662-6661Principal Officer
Jackie Holmberg
Main Address
PO BOX 1246, HUTCHINSON, KS, 675041246
Website
www.arkvalley.comNTEE Category
Code: W80 - Public benefit
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