Overview
What is Canadian Valley Electric Cooperative Inc?
Canadian Valley Electric Cooperative Inc is a nonprofit organization based primarily in rural areas of Seminole, Oklahoma, with a US address at 11277 N HWY 99. Their mission is to provide retail electric utility services to cooperative members on a not-for-profit basis. With a team of 100 employees, they deliver essential electricity to the community, primarily focusing on rural areas. The cooperative offers its members reliable, affordable electricity services.
Official website here: www.mycvec.coop
Is Canadian Valley Electric Cooperative Inc legitimate?
Canadian Valley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Canadian Valley Electric Cooperative 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: $827,314
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,039,760
For more financial information, click here
Official website here: www.mycvec.coop
What is the mission statement of Canadian Valley Electric Cooperative Inc?
The Canadian Valley Electric Cooperative Inc is dedicated to providing retail electric utility service to its cooperative members on a not-for-profit basis, primarily focusing on rural areas. In simple terms, the cooperative aims to ensure that electricity is accessible to those living in rural communities without generating profits. By prioritizing rural areas, the organization seeks to bridge the gap in power supply for individuals and communities often overlooked by traditional utility providers. The cooperative's goal is to deliver essential electric services, fostering a sense of community and shared responsibility among its members.
Official website here: www.mycvec.coop
Who is the CEO of Canadian Valley Electric Cooperative Inc?
Gary Highley is the Ceo of Canadian Valley Electric Cooperative Inc. The CEO's salary of Canadian Valley Electric Cooperative Inc is $266,152 and their total compensation is $327,509.
Official website here: www.mycvec.coop
What is the revenue of Canadian Valley Electric Cooperative Inc?
Canadian Valley Electric Cooperative Inc's revenue in 2022 was $68,485,719.
Official website here: www.mycvec.coop
Who are the executives of Canadian Valley Electric Cooperative Inc and what are their salaries?
The average compensation at Canadian Valley Electric Cooperative Inc during 2022 was $48,671. There are 100 employees and 8 volunteers at Canadian Valley Electric Cooperative Inc.
Here are 17 key members and their salaries (Canadian Valley Electric Cooperative Inc's CEO's salary is $266,152 and their total compensation is $327,509):
- Compensation: $266,152
- Related: $0
- Other: $61,357
- Compensation: $158,617
- Related: $0
- Other: $45,209
- Compensation: $142,021
- Related: $0
- Other: $36,743
- Compensation: $149,155
- Related: $0
- Other: $26,023
- Compensation: $130,882
- Related: $0
- Other: $40,950
- Compensation: $126,390
- Related: $0
- Other: $40,511
- Compensation: $124,667
- Related: $0
- Other: $40,051
- Compensation: $123,738
- Related: $0
- Other: $14,093
- Compensation: $16,156
- Related: $0
- Other: $0
- Compensation: $16,036
- Related: $0
- Other: $0
- Compensation: $15,956
- Related: $0
- Other: $0
- Compensation: $15,956
- Related: $0
- Other: $0
- Compensation: $15,606
- Related: $0
- Other: $0
- Compensation: $14,296
- Related: $0
- Other: $0
- Compensation: $14,264
- Related: $0
- Other: $0
- Compensation: $10,314
- Related: $0
- Other: $0
- Compensation: $5,563
- Related: $0
- Other: $0
Official website here: www.mycvec.coop
Where can I find the form 990 for Canadian Valley Electric Cooperative Inc?
Canadian Valley Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mycvec.coop
Learn more at the official website: www.mycvec.coop
Mission Statement of Canadian Valley Electric Cooperative Inc
Canadian Valley Electric Cooperative Inc, a not-for-profit organization, is dedicated to providing retail electric utility service to its cooperative members primarily in rural areas. In simple terms, the Cooperative's mission is to ensure that electricity reaches the homes and businesses of its members, all while operating on a non-profit basis.
The Cooperative's commitment to its community is rooted in its mission to deliver essential electric utility services. By providing electric power, Canadian Valley Electric Cooperative Inc plays a vital role in enhancing the quality of life for its members. Its operations extend beyond the mere provision of electricity; the organization is deeply invested in the well-being of its rural population.
Canadian Valley Electric Cooperative Inc's service area is focused predominantly on rural communities. These areas often face unique challenges in accessing reliable electric utility services. By stepping in to provide these services, the Cooperative is filling a crucial gap in the infrastructure of these communities. The Cooperative's not-for-profit status allows it to prioritize the needs of its members over financial gains, making it a trusted partner in ensuring the continued development of rural areas.
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Impact
October, 2024
Canadian Valley Electric Cooperative Inc plays a vital role in delivering reliable electric utility services primarily to rural areas. By focusing on providing retail electric utility service to cooperative members, it enhances energy access and affordability for communities that may otherwise struggle to receive adequate electricity. Serving members on a not-for-profit basis, it ensures that the benefits of energy distribution are prioritized for the community rather than profit-making. This commitment not only fosters economic development in these regions but also supports the well-being and quality of life for residents. Through its efforts, Canadian Valley Electric Cooperative Inc significantly contributes to the sustainability and growth of rural areas in Oklahoma, ensuring that electricity is accessible, dependable, and affordable for all members.
This information is meant to be a general summary of Canadian Valley Electric Cooperative 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.
- Investment Income: $542,892
- Program Service Revenue: $90,092,188
- Gross Receipts: $93,071,839
Assets and Liabilities:
- Total Assets: $211,219,672
- Total Liabilities: $135,578,487
- Net Assets: $75,641,185
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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
$88,515,032
G&T CAPITAL CREDITS
Revenue
$1,407,930
OTHER CAPITAL CREDITS
Revenue
$169,226
Organization Details
Founding Year
1939
Phone
(405) 382-3680Principal Officer
Gary Highley
Main Address
11277 N HWY 99, SEMINOLE, OK, 74868
Website
www.mycvec.coopNTEE Category
Code: W80 - Public benefit
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