Overview
What is Magic Valley Electric Cooperative Inc?
Magic Valley Electric Cooperative Inc, based in Mercedes, Texas, is a nonprofit organization dedicated to delivering electric energy to its members on a cooperative basis. With 144,161 active services at year end, the cooperative aims to provide quality and reliable electric service, enhancing people's lives by safely offering the most affordable electric service. They prioritize their members' interests, employing a workforce of 308 individuals to ensure the most reliable power supply.
Official website here: www.magicvalley.coop
What are the reviews and ratings of this charity?
Magic Valley Electric Cooperative Inc is not currently rated by Charity Navigator due to its status. It doesn't meet the criteria for evaluation because it isn't a 501(c)(3) IRS registered nonprofit. The absence of a rating should not be seen as positive or negative, but rather that the organization hasn't been assessed by the available methodology.
Previously, any potential assessments mainly considered what is akin to today's Accountability and Finance, but this does not apply here. Charity Navigator requires earnings and expenses data for evaluation, which is unavailable for this nonprofit. Consequently, a meaningful analysis of its financial transparency and management practices isn't accessible.
Given the lack of user reviews on GreatNonprofits, there's no direct feedback available from individuals who have engaged with the organization. This gap leaves an open area for first-hand insights into the cooperative's impact and operations from the community’s perspective.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Magic Valley Electric Cooperative Inc?
54% of 332 reviewers on Facebook recommend Magic Valley Electric Cooperative Inc. Here's a summary of the reviews:
A significant portion of the feedback indicates frustration regarding the timeliness of service, particularly with installation delays. One reviewer expressed dissatisfaction after waiting beyond the promised timeframe for the installation of a meter and poles, despite having already made a substantial payment.
Overall, the sentiment reflects mixed opinions, with some customers noting concerns about the efficiency of services rendered. There is a clear indication that customers expect more prompt responses and timely installations to meet their needs.
This AI summary has been generated from reviews found on Facebook.
Is Magic Valley Electric Cooperative Inc legitimate?
Magic Valley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Magic 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: $1,020,528
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,151,499
For more financial information, click here
Official website here: www.magicvalley.coop
What is the mission statement of Magic Valley Electric Cooperative Inc?
Magic Valley Electric Cooperative Inc is dedicated to delivering quality and reliable electric service to its cooperative members. The organization goes beyond just providing energy, aiming to enhance people's lives by ensuring the most reliable and affordable electric service possible. By keeping the best interests of its members in mind, Magic Valley Electric Cooperative Inc strives for excellence in electricity supply. The cooperative's operations extend beyond electricity provision, as it also redistributes patronage capital to its members. In serving over 144,000 active services, Magic Valley Electric Cooperative Inc prioritizes the well-being of its community, ensuring a cooperative spirit in its electricity delivery.
Official website here: www.magicvalley.coop
Who is the CEO of Magic Valley Electric Cooperative Inc?
Brian R Acosta is the President (Jan-Nov) of Magic Valley Electric Cooperative Inc.
Official website here: www.magicvalley.coop
What is the revenue of Magic Valley Electric Cooperative Inc?
Magic Valley Electric Cooperative Inc's revenue in 2022 was $320,139,415.
Official website here: www.magicvalley.coop
Who are the executives of Magic Valley Electric Cooperative Inc and what are their salaries?
The average compensation at Magic Valley Electric Cooperative Inc during 2022 was $42,766. There are 308 employees at Magic Valley Electric Cooperative Inc.
Here are 15 key members and their salaries:
- Compensation: $27,000
- Related: $0
- Other: $0
- Compensation: $34,000
- Related: $0
- Other: $0
- Compensation: $28,750
- Related: $0
- Other: $0
- Compensation: $24,500
- Related: $0
- Other: $0
- Compensation: $36,150
- Related: $0
- Other: $0
- Compensation: $27,550
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $266,192
- Related: $0
- Other: $199,664
- Compensation: $172,942
- Related: $0
- Other: $9,650
- Compensation: $119,121
- Related: $0
- Other: $45,009
- Compensation: $163,212
- Related: $0
- Other: $64,367
- Compensation: $156,327
- Related: $0
- Other: $52,147
- Compensation: $144,586
- Related: $0
- Other: $60,990
- Compensation: $144,168
- Related: $0
- Other: $38,413
- Compensation: $138,510
- Related: $0
- Other: $34,488
Official website here: www.magicvalley.coop
Where can I find the form 990 for Magic Valley Electric Cooperative Inc?
Magic Valley Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.magicvalley.coop
Learn more at the official website: www.magicvalley.coop
Mission Statement of Magic Valley Electric Cooperative Inc
Magic Valley Electric Cooperative Inc, a cooperative dedicated to its members, aims to enhance their lives by safely providing the most reliable and affordable electric service. The cooperative's mission is centered around putting its members' best interests first. By providing electric energy on a cooperative basis through the allocation of patronage capital, Magic Valley Electric Cooperative Inc ensures a consistent and high-quality electric service.
The cooperative's commitment to its members extends beyond just electricity. Its priority lies in ensuring the safety of the electric service it provides. By maintaining a strong focus on safety, Magic Valley Electric Cooperative Inc instills confidence in its members, allowing them to rely on the power they receive from the cooperative. The cooperative's reliability is evident in its 144,161 active services at the end of the year, a testament to the trust and confidence its members place in the organization.
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Impact
October, 2024
Magic Valley Electric Cooperative Inc plays a vital role in enhancing the lives of its members by providing quality and reliable electric service. With a strong commitment to safety and affordability, the cooperative ensures that its 144,161 active members receive consistent access to electric energy. By operating on a cooperative basis, the organization allocates patronage capital, promoting a sense of community and shared understanding among its members. Located in Mercedes, Texas, Magic Valley Electric Cooperative Inc is dedicated to keeping the best interests of its members at the forefront of its efforts, ultimately improving the overall quality of life in the region.
This information is meant to be a general summary of Magic 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: $343,113
- Program Service Revenue: $318,632,504
- Gross Receipts: $320,140,719
Assets and Liabilities:
- Total Assets: $584,754,679
- Total Liabilities: $273,946,705
- Net Assets: $310,807,974
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$298,782,222
PATRONAGE DIVIDENDS
Revenue
$13,140,659
SERVICE FEES
Revenue
$6,677,283
OTHER PROGRAM REVENUE
Revenue
$32,340
Organization Details
Founding Year
1937
Phone
(956) 514-1200Principal Officer
Brian R Acosta
Main Address
PO BOX 267, MERCEDES, TX, 785700267
Website
www.magicvalley.coopNTEE Category
Code: W80 - Public benefit
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