Overview
What is Regional Headquarters Inc?
Regional Headquarters Inc is a nonprofit organization, headquartered in Glen Allen, Virginia. It primarily serves as a shared office facility, benefiting two distinguished nonprofit entities: Old Dominion Electric Cooperative and the VA MD & DE Association of Electric Cooperatives. This joint venture allows both organizations to utilize a common workspace, leveraging their shared resources and objectives. The primary mission of Regional Headquarters Inc is to provide a conducive office environment for these two cooperatives, exempt from federal income tax under sections 501(C)(12) and 501(C)(6) of the Internal Revenue Code.
Official website here: www.odec.com
Is Regional Headquarters Inc legitimate?
Regional Headquarters Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Regional Headquarters Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.odec.com
What is the mission statement of Regional Headquarters Inc?
Regional Headquarters Inc serves as a common office facility, jointly owned and benefited by two non-profit organizations: Old Dominion Electric Cooperative and the VA MD & DE Assoc. of Electric Co-ops. The primary mission of Regional Headquarters Inc is to provide a shared space, fostering collaboration and mutual benefits for both organizations, which are exempt from federal income tax under IRC Sec 501(C)(12) and 501(C)(6). This shared facility aims to support the operational needs of these two electric cooperatives, thereby enhancing their collective efficiency and effectiveness in serving their respective communities.
Official website here: www.odec.com
Who is the CEO of Regional Headquarters Inc?
Bryan S Rogers is the Director of Regional Headquarters Inc. The CEO's salary of Regional Headquarters Inc is $0 and their total compensation is $0.
Official website here: www.odec.com
What is the revenue of Regional Headquarters Inc?
Regional Headquarters Inc's revenue in 2022 was $591,402.
Official website here: www.odec.com
Who are the executives of Regional Headquarters Inc and what are their salaries?
Here are 8 key members and their salaries (Regional Headquarters Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.odec.com
Where can I find the form 990 for Regional Headquarters Inc?
Regional Headquarters Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.odec.com
Learn more at the official website: www.odec.com
Mission Statement of Regional Headquarters Inc
Regional Headquarters Inc, comprising of Old Dominion Electric Cooperative and the VA MD & DE Assoc. of Electric Co-ops, holds title to a shared office facility for their mutual benefit. This common office space serves as a collective asset for these two non-profit organizations, both of which are exempt from federal income tax under IRC Sec 501(C)(12) and 501(C)(6). By jointly owning the office facility, both organizations can leverage their resources and costs, thereby operating more efficiently and effectively. This shared arrangement allows them to focus more on their respective missions, rather than being burdened by the overhead costs associated with maintaining separate office spaces. In essence, Regional Headquarters Inc plays a crucial role in facilitating a collaborative environment for these two electric cooperatives, enabling them to work together more closely and effectively.
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Impact
October, 2024
Regional Headquarters Inc plays a significant role in facilitating collaboration and resource sharing between the Old Dominion Electric Cooperative and the Virginia, Maryland, and Delaware Association of Electric Co-ops. By holding title to a common office facility, it creates a centralized hub that enhances operational efficiency for both organizations. This shared space not only supports their administrative needs but also fosters a stronger sense of community among electric cooperatives in the region.
The impact of Regional Headquarters Inc is evident in its contribution to improved service delivery and enhanced communication among member organizations. By providing a dedicated environment for meetings, training, and strategic planning, it helps streamline processes and encourages innovative solutions to challenges faced by electric co-ops. This ultimately benefits local communities by promoting reliable and efficient electric service.
Furthermore, the commitment to community improvement underscores its broader mission. By enabling two key organizations to collaborate effectively, Regional Headquarters Inc supports initiatives that enhance the economic and social well-being of the regions served by these cooperatives. This cooperative approach not only strengthens the electric grid but also fosters resilience within the communities that depend on these vital services.
This information is meant to be a general summary of Regional Headquarters Inc. 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.
- Gross Receipts: $591,402
Assets and Liabilities:
- Total Assets: $1,466,851
- Total Liabilities: $206,945
- Net Assets: $1,259,906
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Organization Details
Founding Year
1986
Phone
(804) 968-4034Principal Officer
Bryan S Rogers
Main Address
4201 DOMINION BLVD, GLEN ALLEN, VA, 23060
Website
www.odec.comNTEE Category
Code: S47 - Community improvement
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