Overview
What is Shenandoah Valley Electric Cooperative?
Shenandoah Valley Electric Cooperative is a nonprofit organization headquartered at 180 Oakwood Drive, Rockingham, Virginia, 22801. With a workforce of 256 employees, their primary mission is to deliver reliable and safe electric service to their communities, upholding sound management practices and cooperative principles. Their significant program services, as indicated by expenses, consist of the cost of power, other salaries and wages, and depreciation expense.
Official website here: www.svec.coop
Is Shenandoah Valley Electric Cooperative legitimate?
Shenandoah Valley Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Shenandoah 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,099,581
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,776,825
For more financial information, click here
What is the mission statement of Shenandoah Valley Electric Cooperative?
Shenandoah Valley Electric Cooperative is dedicated to delivering reliable and safe electric service to its communities at the best possible value, adhering to sound management principles and cooperative values. The cooperative's primary focus is to ensure the provision of dependable electric service, prioritizing the well-being and satisfaction of its customer base. The organization invests significantly in the cost of power, as well as salaries and wages, and depreciation expenses to maintain and improve its infrastructure and operations.
Official website here: www.svec.coop
Who is the CEO of Shenandoah Valley Electric Cooperative?
Gregory S Rogers is the President & of Shenandoah Valley Electric Cooperative.
Official website here: www.svec.coop
What is the revenue of Shenandoah Valley Electric Cooperative?
Shenandoah Valley Electric Cooperative's revenue in 2022 was $277,006,002.
Official website here: www.svec.coop
Who are the executives of Shenandoah Valley Electric Cooperative and what are their salaries?
The average compensation at Shenandoah Valley Electric Cooperative during 2022 was $93,267. There are 256 employees at Shenandoah Valley Electric Cooperative.
Here are 17 key members and their salaries:
- Gregory S Rogers (President &)
- Jonathan M Aulgur (Asst Sec/Tre)
- Wayne D Hannah Jr (Vp & Cio)
- Jason E Burch (Vp Engineeri)
- Michael Alexander (Lead Lineman)
- Thomas H Handley (Director Of)
- Benjamin Cash (Mgr District)
- Ca Helsley (Sec/Treas) [Trustee/Director]
- Todd Van Horn (Director)
- Larry C Howdyshell (Director)
- Bill Orndoff (Chair) [Trustee/Director]
- Stephen Burkholder (Director)
- Robbie F Marchant (Director)
- Suzanne Obenshain (Director)
- Jr Dofflemyer (Vice Chair) [Trustee/Director]
- Brent Arbogast (Director)
- Brian Plum (Director)
Official website here: www.svec.coop
Where can I find the form 990 for Shenandoah Valley Electric Cooperative?
The Shenandoah Valley Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.svec.coop
Learn more at the official website: www.svec.coop
Mission Statement of Shenandoah Valley Electric Cooperative
Shenandoah Valley Electric Cooperative, a dedicated organization, is committed to delivering reliable and safe electric service to its communities at the most reasonable value. Adhering to sound management principles and cooperative values, the cooperative strives to create a sustainable electricity infrastructure for its members.
The core mission of Shenandoah Valley Electric Cooperative revolves around providing essential electric services. With a focus on reliability and safety, the cooperative ensures that the power needs of its communities are met consistently. By maintaining a strong commitment to cooperative principles, the organization fosters a sense of unity and collaboration among its members.
Three significant program areas, as indicated by expenses, contribute to the cooperative's efforts. The Cost of Power, the largest expense, is devoted to sourcing and delivering electricity to its members. The second largest expense, Other Salaries and Wages, represents the investment in its workforce, ensuring that the cooperative is staffed with skilled professionals capable of maintaining a robust electricity infrastructure. Lastly, Depreciation Expense is allocated for the ongoing upkeep and replacement of the cooperative's assets, enabling it to provide consistent electric services for generations to come.
Impact
This information is meant to be a general summary of Shenandoah Valley Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Shenandoah Valley Electric Cooperative's impact lies in providing reliable and safe electric service at the best possible value within our communities, consistent with sound management and cooperative principles. By ensuring access to electricity for residents in Rockingham, VA, the cooperative plays a crucial role in supporting the daily lives, businesses, and infrastructure of the local area. With a focus on public benefit, Shenandoah Valley Electric Cooperative's activities contribute to the economic development, safety, and well-being of the community it serves.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE AND DIST. OF ELECT.
Revenue
$269,351,664
CONTRIB IN AID OF CONSTRUCT
Revenue
$4,154,889
PATRONAGE ALLOC RECEIVED
Revenue
$987,789
Organization Details
Founding Year
1936
Phone
(540) 434-2200
Principal Officer
Gregory S Rogers
Main Address
180 OAKWOOD DR, ROCKINGHAM, VA, 22801
Website
www.svec.coop
NTEE Category
Code: W80 - Public benefit
If you are a representative of Shenandoah Valley Electric Cooperative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.