Overview
What is Tennessee Valley Electric Coop?
Tennessee Valley Electric Coop is a nonprofit organization dedicated to delivering safe and reliable electricity to consumers at the most affordable price. According to their Form 990 filing, they prioritize ensuring the well-being and access to electricity for their customers. The cooperative's mission revolves around this commitment, as stated on line 4d of Form 990, Part III.
Official website here: www.tvec.com
Is Tennessee Valley Electric Coop legitimate?
Tennessee Valley Electric Coop is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tennessee Valley Electric Coop 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: $237,605
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,156,148
For more financial information, click here
Official website here: www.tvec.com
What is the mission statement of Tennessee Valley Electric Coop?
The Tennessee Valley Electric Coop is dedicated to delivering safe and reliable electricity to its consumer customers at the most affordable price possible. The cooperative's primary focus is on ensuring the provision of uninterrupted power to its community, prioritizing their needs and budgets. By offering dependable electrical services, Tennessee Valley Electric Coop strives to enhance the quality of life for its customers and contribute to their overall well-being. The organization's commitment to affordability and reliability is a testament to its dedication to its consumer base. Additionally, it continuously aims to improve its infrastructure and operational efficiency to maintain the lowest possible electricity costs for its customers.
Official website here: www.tvec.com
Who is the CEO of Tennessee Valley Electric Coop?
Gerald L Taylor Jr is the General Mana of Tennessee Valley Electric Coop.
Official website here: www.tvec.com
What is the revenue of Tennessee Valley Electric Coop?
Tennessee Valley Electric Coop's revenue in 2023 was $50,137,214.
Official website here: www.tvec.com
Who are the executives of Tennessee Valley Electric Coop and what are their salaries?
The average compensation at Tennessee Valley Electric Coop during 2023 was $57,380. There are 94 employees at Tennessee Valley Electric Coop.
Here are 13 key members and their salaries:
- Compensation: $195,605
- Related: $0
- Other: $0
- Compensation: $122,102
- Related: $0
- Other: $0
- Compensation: $116,369
- Related: $0
- Other: $0
- Compensation: $113,695
- Related: $0
- Other: $0
- Compensation: $111,034
- Related: $0
- Other: $0
- Compensation: $108,680
- Related: $0
- Other: $0
- Compensation: $8,500
- Related: $0
- Other: $0
- Compensation: $7,250
- Related: $0
- Other: $0
- Compensation: $6,750
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $5,250
- Related: $0
- Other: $0
- Compensation: $4,750
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
Official website here: www.tvec.com
Where can I find the form 990 for Tennessee Valley Electric Coop?
Tennessee Valley Electric Coop's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tvec.com
Learn more at the official website: www.tvec.com
Mission Statement of Tennessee Valley Electric Coop
Tennessee Valley Electric Coop, a nonprofit organization, is dedicated to delivering safe and reliable electric power to its consumer customers at the most affordable price. The cooperative's primary mission is to ensure the community's access to uninterrupted electricity, maintaining a standard of excellence in power delivery. By focusing on cost efficiency, Tennessee Valley Electric Coop passes on significant savings to its customers, making it an essential provider of essential energy services. Through its commitment to affordability, the cooperative enhances the quality of life for its consumers, powering their homes and businesses with dependable electricity.
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Impact
October, 2024
Tennessee Valley Electric Coop significantly impacts its community by ensuring access to safe and reliable electricity for its consumer customers. By focusing on providing electricity at the lowest possible price, the organization helps to enhance the quality of life for residents in Savannah, TN, and surrounding areas. This commitment promotes energy affordability, which is crucial for household budgets and local economies. Additionally, the reliability of the electricity service supports various activities, from daily living to business operations, thereby fostering overall community development and stability. Through its mission, Tennessee Valley Electric Coop plays a vital role in promoting public benefit and enhancing the well-being of its customers.
This information is meant to be a general summary of Tennessee Valley Electric Coop. 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: $532,280
- Program Service Revenue: $49,604,934
- Gross Receipts: $50,137,214
Assets and Liabilities:
- Total Assets: $72,776,537
- Total Liabilities: $17,883,805
- Net Assets: $54,892,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRIC ENERGY
Revenue
$48,425,145
POWER POLE FEES
Revenue
$680,422
MISC. SERVICE REVENUE
Revenue
$276,134
FORFEITED DISCOUNTS
Revenue
$186,434
MISCELLANEOUS REVENUE
Revenue
$26,987
Organization Details
Founding Year
1939
Phone
(731) 925-4916Principal Officer
Gerald L Taylor Jr
Main Address
PO BOX 400, SAVANNAH, TN, 38372
Website
www.tvec.comNTEE Category
Code: W80 - Public benefit
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