Overview
What is Powell Valley Electric Cooperative?
Powell Valley Electric Cooperative is a nonprofit electric utility based in New Tazewell, Tennessee. The cooperative's primary objective is to distribute TVA-generated power to its members. Moreover, it offers various programs funded by the Rural Utilities Service (RUS) in addition to its core services.
Official website here: www.pve.coop
What do the Facebook reviews say about Powell Valley Electric Cooperative?
60% of 14 reviewers on Facebook recommend Powell Valley Electric Cooperative. Here is a summary of their reviews:
There appears to be a notable level of dissatisfaction among users regarding power reliability. Some users express frustration with frequent power outages, indicating that these issues often occur without clear reasons, even in favorable weather conditions. The sentiment conveyed in some comments suggests that these outages have significantly impacted their trust in the cooperative.
While a handful of reviewers might have had positive experiences, concerns about outdated systems and inconsistent service seem to dominate the feedback. Users are looking for improvements, particularly in the reliability of power delivery, indicating that there is room for the cooperative to enhance its services.
This AI summary has been generated from reviews found on Facebook.
Is Powell Valley Electric Cooperative legitimate?
Powell Valley Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Powell 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: $191,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,108,575
For more financial information, click here
Official website here: www.pve.coop
What is the mission statement of Powell Valley Electric Cooperative?
Powell Valley Electric Cooperative is dedicated to the distribution of electricity generated by TVA. As an electric cooperative, its primary goal is to bring power to its community. In addition to power distribution, the cooperative also provides various RUS programs to its members. These programs aim to assist and support the cooperative's efforts in providing reliable and affordable electricity. The cooperative's mission is to ensure a consistent power supply to its customers, enhancing their quality of life. By partnering with TVA, Powell Valley Electric Cooperative is able to deliver a steady flow of electricity to its members, ultimately contributing to the development and growth of the community it serves.
Official website here: www.pve.coop
Who is the CEO of Powell Valley Electric Cooperative?
Brad Coppock is the Board Director of Powell Valley Electric Cooperative.
Official website here: www.pve.coop
What is the revenue of Powell Valley Electric Cooperative?
Powell Valley Electric Cooperative's revenue in 2023 was $78,219,772.
Official website here: www.pve.coop
Who are the executives of Powell Valley Electric Cooperative and what are their salaries?
The average compensation at Powell Valley Electric Cooperative during 2023 was $75,907. There are 83 employees at Powell Valley Electric Cooperative.
Here are 15 key members and their salaries:
- Compensation: $1,200
- Related: $0
- Other: $5,601
- Compensation: $900
- Related: $0
- Other: $15,540
- Compensation: $1,950
- Related: $0
- Other: $10,813
- Compensation: $1,050
- Related: $0
- Other: $5,601
- Compensation: $900
- Related: $0
- Other: $5,601
- Compensation: $1,200
- Related: $0
- Other: $5,601
- Compensation: $1,050
- Related: $0
- Other: $5,451
- Compensation: $1,200
- Related: $0
- Other: $10,813
- Compensation: $1,425
- Related: $0
- Other: $5,551
- Compensation: $180,791
- Related: $0
- Other: $16,722
- Compensation: $244,897
- Related: $0
- Other: $11,819
- Compensation: $136,923
- Related: $0
- Other: $16,075
- Compensation: $146,373
- Related: $0
- Other: $11,820
- Compensation: $130,125
- Related: $0
- Other: $11,327
- Compensation: $134,858
- Related: $0
- Other: $16,337
Official website here: www.pve.coop
Where can I find the form 990 for Powell Valley Electric Cooperative?
Powell Valley Electric Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pve.coop
Learn more at the official website: www.pve.coop
Mission Statement of Powell Valley Electric Cooperative
Powell Valley Electric Cooperative, based in Tennessee, is dedicated to the distribution of TVA-generated power. This nonprofit organization plays a crucial role in bringing electricity to various communities, making life more convenient and connected for its members.
The mission of Powell Valley Electric Cooperative goes beyond the mere transmission of power. It extends to offering a range of RUS programs as part of its services. These programs aim to ensure that electricity is accessible to a broader population and contribute to the betterment of the communities it serves.
Powell Valley Electric Cooperative's commitment to its members is evident in its mission to distribute TVA-generated power. As an electric cooperative, it prioritizes its members' needs and works to provide them with reliable and consistent electricity. Furthermore, the RUS programs it offers help to make electricity more affordable and accessible to those who may not be able to afford it otherwise. This commitment to its members and the communities it serves is a testament to Powell Valley Electric Cooperative's dedication to improving the quality of life for its customers.
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Impact
October, 2024
Powell Valley Electric Cooperative plays a crucial role in providing reliable electricity to the community of New Tazewell, TN, by distributing TVA-generated power. This ensures that residents and businesses have access to essential energy resources, fostering economic growth and enhancing quality of life. Additionally, Powell Valley Electric Cooperative offers various RUS programs, further supporting the needs of its members and contributing to the overall well-being of the region. By prioritizing efficient energy distribution and community services, the cooperative positively impacts the local economy and environment, promoting sustainable practices and supporting public benefit initiatives.
This information is meant to be a general summary of Powell 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 2023.
- Investment Income: $2,237,766
- Program Service Revenue: $75,965,454
- Gross Receipts: $78,219,772
Assets and Liabilities:
- Total Assets: $117,417,626
- Total Liabilities: $29,599,154
- Net Assets: $87,818,472
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SALES REVENUE
Revenue
$70,399,496
MISCEALLANEOUS ELECTRIC REVENUE
Revenue
$2,889,126
FIBER BUILDOUT
Revenue
$2,676,832
Organization Details
Founding Year
1940
Phone
(423) 626-0703Principal Officer
Brad Coppock
Main Address
PO BOX 1528, NEW TAZEWELL, TN, 37824
Website
www.pve.coopNTEE Category
Code: W80 - Public benefit
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