Overview
What is Navasota Valley Electric Cooperative Inc?
Navasota Valley Electric Cooperative Inc is a nonprofit organization based in Franklin, Texas. Their primary focus is to provide electric power to rural communities on a cooperative basis, allocating patronage capital. With 21,142 active services at year end, they aim to deliver safe, reliable, and competitively priced electric and related services to their members. The cooperative values its mission, prioritizing the provision of electric energy in a cost-effective manner. They currently employ a team of 74 individuals to ensure their operations run smoothly.
Official website here: www.navasotavalley.com
Is Navasota Valley Electric Cooperative Inc legitimate?
Navasota Valley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Navasota 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: $348,889
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,382,309
For more financial information, click here
Official website here: www.navasotavalley.com
What is the mission statement of Navasota Valley Electric Cooperative Inc?
Navasota Valley Electric Cooperative Inc is dedicated to delivering electric energy to rural communities on a cooperative basis. Their mission goes beyond just providing electricity; they aim to offer safe, reliable, and competitively priced electric and related services to their members. Through the allocation of patronage capital, they provide electric power to their consumers in a cooperative manner. At the end of the year, there were 21,142 active services being provided by the cooperative.
Official website here: www.navasotavalley.com
Who is the CEO of Navasota Valley Electric Cooperative Inc?
Steve Jones is the Director of Navasota Valley Electric Cooperative Inc.
Official website here: www.navasotavalley.com
What is the revenue of Navasota Valley Electric Cooperative Inc?
Navasota Valley Electric Cooperative Inc's revenue in 2022 was $60,586,411.
Official website here: www.navasotavalley.com
Who are the executives of Navasota Valley Electric Cooperative Inc and what are their salaries?
The average compensation at Navasota Valley Electric Cooperative Inc during 2022 was $50,422. There are 74 employees at Navasota Valley Electric Cooperative Inc.
Here are 12 key members and their salaries:
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $12,294
- Related: $0
- Other: $0
- Compensation: $13,794
- Related: $0
- Other: $0
- Compensation: $12,130
- Related: $0
- Other: $0
- Compensation: $8,197
- Related: $0
- Other: $0
- Compensation: $10,182
- Related: $0
- Other: $0
- Compensation: $11,667
- Related: $0
- Other: $0
- Compensation: $7,794
- Related: $0
- Other: $0
- Compensation: $9,794
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $154,805
- Related: $0
- Other: $100,732
- Compensation: $118,988
- Related: $0
- Other: $69,704
Official website here: www.navasotavalley.com
Where can I find the form 990 for Navasota Valley Electric Cooperative Inc?
Navasota Valley Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.navasotavalley.com
Learn more at the official website: www.navasotavalley.com
Mission Statement of Navasota Valley Electric Cooperative Inc
Navasota Valley Electric Cooperative Inc is a mission-driven organization dedicated to providing electric energy to rural areas on a cooperative basis. In simpler terms, they work to ensure that electricity is accessible and affordably priced for their members.
The cooperative's primary goal is to deliver safe, reliable, and competitively priced electric and related services to its consumers. They do this by pooling resources and operating on a cooperative business model. In doing so, they allocate patronage capital to provide electric power to their members.
At the close of the year, Navasota Valley Electric Cooperative Inc served a total of 21,142 active services. This figure underscores their commitment to serving their community and ensuring that no one is left in the dark. Their mission to bring electricity to rural areas not only improves the quality of life for their members but also plays a crucial role in supporting local economies and fostering sustainable growth.
In summary, Navasota Valley Electric Cooperative Inc is more than just an electric power provider. They are a cooperative that stands by its members, ensuring they have access to the essential service of electricity at fair prices. Their commitment to safety, reliability, and affordability sets them apart as a trusted partner in the rural communities they serve.
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Impact
October, 2024
Navasota Valley Electric Cooperative Inc significantly impacts rural communities by providing safe, reliable, and competitively priced electric energy. Operating from Franklin, TX, the cooperative serves over 21,000 active services, ensuring that its members have access to essential power services. By functioning on a cooperative basis, it promotes the allocation of patronage capital, which further benefits its members and supports local economies. The cooperative's commitment to delivering electric power not only enhances the quality of life for residents but also fosters sustainable growth within rural areas, contributing to the overall development of the community.
This information is meant to be a general summary of Navasota 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: $82,518
- Program Service Revenue: $60,220,187
- Gross Receipts: $60,756,817
Assets and Liabilities:
- Total Assets: $109,425,993
- Total Liabilities: $22,417,206
- Net Assets: $87,008,787
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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
$59,564,611
SERVICE FEES
Revenue
$608,091
PATRONAGE DIVIDENDS
Revenue
$47,485
Organization Details
Founding Year
1941
Phone
(979) 828-3232Principal Officer
Steve Jones
Main Address
PO BOX 848, FRANKLIN, TX, 778560848
Website
www.navasotavalley.comNTEE Category
Code: W80 - Public benefit
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