Overview
What is Suwannee Valley Electric Cooperative?
Suwannee Valley Electric Cooperative is a member-owned organization based in Live Oak, Florida, serving over 20,000 members across four counties with reliable electric services. As a community-focused cooperative, their mission lies in delivering excellent customer service at competitive rates while contributing to the enhancement of residents' quality of life in the Suwannee River Valley. With a workforce of 96 employees, they actively strive to maintain a commitment to their members and the local community.
Official website here: www.svec-coop.com
Is Suwannee Valley Electric Cooperative legitimate?
Suwannee Valley Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Suwannee 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: $1,273,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.svec-coop.com
What is the mission statement of Suwannee Valley Electric Cooperative?
Suwannee Valley Electric Cooperative is dedicated to delivering superior customer service and competitive rates to its member community in Florida. As a member-owned organization, its mission is to enrich the lives of residents by providing reliable electric service. The Cooperative strives to go beyond energy delivery, aiming to contribute positively to the quality of life of its members. With a commitment to excellence, it serves over 20,000 members across four counties in the state.
Official website here: www.svec-coop.com
Who is the CEO of Suwannee Valley Electric Cooperative?
Michael S Mcwaters is the Secretary of Suwannee Valley Electric Cooperative. The CEO's salary of Suwannee Valley Electric Cooperative is $240,013 and their total compensation is $438,645.
Official website here: www.svec-coop.com
What is the revenue of Suwannee Valley Electric Cooperative?
Suwannee Valley Electric Cooperative's revenue in 2022 was $76,170,256.
Official website here: www.svec-coop.com
Who are the executives of Suwannee Valley Electric Cooperative and what are their salaries?
The average compensation at Suwannee Valley Electric Cooperative during 2022 was $13,263. There are 96 employees at Suwannee Valley Electric Cooperative.
Here are 19 key members and their salaries (Suwannee Valley Electric Cooperative's CEO's salary is $240,013 and their total compensation is $438,645):
- Compensation: $7,000
- Related: $0
- Other: $0
- Compensation: $8,750
- Related: $0
- Other: $0
- Compensation: $7,000
- Related: $0
- Other: $0
- Compensation: $8,250
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $9,750
- Related: $0
- Other: $0
- Compensation: $7,750
- Related: $0
- Other: $0
- Compensation: $9,750
- Related: $0
- Other: $0
- Compensation: $6,500
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $240,013
- Related: $0
- Other: $198,632
- Compensation: $136,510
- Related: $0
- Other: $56,598
- Compensation: $192,839
- Related: $0
- Other: $128,085
- Compensation: $166,953
- Related: $0
- Other: $82,341
- Compensation: $128,250
- Related: $0
- Other: $70,997
- Compensation: $110,348
- Related: $0
- Other: $6,455
- Compensation: $119,580
- Related: $0
- Other: $44,980
- Compensation: $119,427
- Related: $0
- Other: $59,140
- Compensation: $124,674
- Related: $0
- Other: $30,004
Official website here: www.svec-coop.com
Where can I find the form 990 for Suwannee Valley Electric Cooperative?
Suwannee Valley Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.svec-coop.com
Learn more at the official website: www.svec-coop.com
Mission Statement of Suwannee Valley Electric Cooperative
Suwannee Valley Electric Cooperative, a member-owned organization, is dedicated to delivering exceptional and dependable customer service at competitive rates. Its ultimate goal is to improve the quality of life for residents within its reach. With over 20,000 members spread across four counties in Florida, the Cooperative takes pride in serving its community by providing them with essential electric services.
Driven by its mission, Suwannee Valley Electric Cooperative strives to establish a strong bond with its members. By prioritizing customer satisfaction and affordability, the Cooperative ensures that households and businesses in the Suwannee River Valley receive reliable electric services to support their daily needs. By enhancing the overall quality of life, the Cooperative goes beyond just powering homes; it contributes to the development and prosperity of its community.
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Impact
October, 2024
Suwannee Valley Electric Cooperative plays a crucial role in the communities within the Suwannee River Valley by providing electric service to over 20,000 members across four counties in Florida. The Cooperative is dedicated to delivering excellent and reliable customer service while maintaining competitive rates, directly impacting the quality of life for residents in the area. By focusing on member needs, it fosters community well-being and economic stability, ensuring that families and businesses have access to the power they need to thrive.
This information is meant to be a general summary of Suwannee 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: $41,095
- Program Service Revenue: $76,023,097
- Gross Receipts: $76,187,337
Assets and Liabilities:
- Total Assets: $150,357,185
- Total Liabilities: $87,972,097
- Net Assets: $62,385,088
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electricity Sales
Revenue
$74,706,310
Patronage Dividends
Revenue
$1,078,442
Consumer Service Fees
Revenue
$238,345
Organization Details
Founding Year
1937
Phone
(386) 362-2226Principal Officer
Michael S Mcwaters
Main Address
PO Box 160, Live Oak, FL, 320640160
Website
www.svec-coop.comNTEE Category
Code: W80 - Public benefit
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