Overview
What is Verdigris Valley Electric Cooperative Inc?
Verdigris Valley Electric Cooperative Inc is a nonprofit organization headquartered in Collinsville, Oklahoma. With a team of 100 employees, they provide electricity to over 38,000 active services and a total of 43,963 services in place. The cooperative aims to deliver reliable electric service to its members at a reasonable cost. The year-end report showed that 43,963 total services were provided cooperatively, with 5,169 of these services remaining idle. The cooperative allocates patronage capital to its members.
Official website here: www.vvec.com
Is Verdigris Valley Electric Cooperative Inc legitimate?
Verdigris Valley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Verdigris 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,603,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,460,213
For more financial information, click here
What is the mission statement of Verdigris Valley Electric Cooperative Inc?
Verdigris Valley Electric Cooperative Inc is committed to delivering reliable electric service to its members at a reasonable cost. This cooperative provides electricity to a total of 43,963 services, with 38,794 of these being active at the end of the year. The organization allocates patronage capital to its members in a cooperative manner as part of its service.
Official website here: www.vvec.com
Who is the CEO of Verdigris Valley Electric Cooperative Inc?
Michael Hall is the Coo / Cao of Verdigris Valley Electric Cooperative Inc.
Official website here: www.vvec.com
What is the revenue of Verdigris Valley Electric Cooperative Inc?
Verdigris Valley Electric Cooperative Inc's revenue in 2022 was $80,766,147.
Official website here: www.vvec.com
Who are the executives of Verdigris Valley Electric Cooperative Inc and what are their salaries?
The average compensation at Verdigris Valley Electric Cooperative Inc during 2022 was $30,637. There are 100 employees at Verdigris Valley Electric Cooperative Inc.
Here are 17 key members and their salaries:
- Alice Houston (General Mana)
- Michael Hall (Coo / Cao)
- Randy Riddle (Dir Operatio)
- Marlin Barnhart (Purchasing A)
- Kimberly Loffer (Exc Secr./Me)
- Keith Delozier (Engineer)
- Bill Gillespie (Safety Coord)
- Shannon Brewer (Row Coordina)
- Jimmy Lambert (Trustee)
- Jack Bogart (President) [Trustee/Director]
- Ken Howard (Vice Preside) [Trustee/Director]
- Jimmy Brackett (Trustee)
- John Hibdon (Trustee)
- Dennis Lenox (Treasurer) [Trustee/Director]
- Vernon Lewis (Trustee)
- Charles Huerter (Trustee)
- Buddy Mccarty (Trustee)
Official website here: www.vvec.com
Where can I find the form 990 for Verdigris Valley Electric Cooperative Inc?
The Verdigris Valley Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.vvec.com
Learn more at the official website: www.vvec.com
Mission Statement of Verdigris Valley Electric Cooperative Inc
Verdigris Valley Electric Cooperative Inc, a Cooperative with a mission to deliver, sets out to provide its members with reliable electric service at a reasonable cost. This organization, dedicated to its members, served a total of 43,963 services in place at the end of the year, with 38,794 of those being actively used. The Cooperative's commitment to its members is illustrated in its allocation of Patronage Capital, a testament to the cooperative nature of the business. In essence, Verdigris Valley Electric Cooperative Inc is an electrifying force, ensuring a consistent power supply for its members, all while maintaining affordability.
Impact
This information is meant to be a general summary of Verdigris Valley Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Verdigris Valley Electric Cooperative Inc's impact lies in its mission to provide reliable electric service to its members at a reasonable cost. With over 38,000 active services and a total of 43,963 services in place, the cooperative ensures that its members have access to essential electricity on a cooperative basis. By allocating patronage capital, Verdigris Valley Electric Cooperative Inc not only meets the energy needs of its community but also fosters a sense of ownership and partnership among its members. This cooperative approach to providing electricity contributes to the economic well-being and sustainability of the community it serves in Collinsville, Oklahoma.
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.
SALES OF ELECTRICITY
Revenue
$77,579,680
PATRONAGE DIVIDENDS
Revenue
$2,715,471
Organization Details
Founding Year
1938
Phone
(918) 371-2584
Principal Officer
Michael Hall
Main Address
PO BOX 219, COLLINSVILLE, OK, 74021
Website
www.vvec.com
NTEE Category
Code: W80 - Public benefit
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