Overview
What is Guadalupe Valley Electric Cooperative Inc?
Guadalupe Valley Electric Cooperative Inc, based in Gonzales, Texas, is a cooperative providing reliable electric and internet services to its members. With a team of dedicated professionals, they strive to exceed expectations by continually investing in innovative products and services. At the close of the year, they catered to 95,782 active services. Their cooperative model allows them to allocate patronage capital for the sale of electric power.
Official website here: www.gvec.org
Is Guadalupe Valley Electric Cooperative Inc legitimate?
Guadalupe Valley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Guadalupe 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: $3,675,427
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,101,958
For more financial information, click here
Official website here: www.gvec.org
What is the mission statement of Guadalupe Valley Electric Cooperative Inc?
Guadalupe Valley Electric Cooperative Inc is dedicated to supplying reliable electric and internet services to its community on a cooperative basis. The team behind this cooperative is composed of professionals who go above and beyond by investing in innovative products and services that empower the people they serve. Through this cooperative model, they sell electric power to their members. The electric division of the cooperative had 95,782 active services at the end of the year. By building on their heritage and having faith in the future, Guadalupe Valley Electric Cooperative aims to exceed expectations and make a positive impact on the lives of those they serve.
Official website here: www.gvec.org
Who is the CEO of Guadalupe Valley Electric Cooperative Inc?
Darren Schauer is the Chairman of Guadalupe Valley Electric Cooperative Inc. The CEO's salary of Guadalupe Valley Electric Cooperative Inc is $733,479 and their total compensation is $794,421.
Official website here: www.gvec.org
What is the revenue of Guadalupe Valley Electric Cooperative Inc?
Guadalupe Valley Electric Cooperative Inc's revenue in 2022 was $333,516,518.
Official website here: www.gvec.org
Who are the executives of Guadalupe Valley Electric Cooperative Inc and what are their salaries?
The average compensation at Guadalupe Valley Electric Cooperative Inc during 2022 was $52,725. There are 432 employees at Guadalupe Valley Electric Cooperative Inc.
Here are 25 key members and their salaries (Guadalupe Valley Electric Cooperative Inc's CEO's salary is $733,479 and their total compensation is $794,421):
- Compensation: $51,542
- Related: $0
- Other: $0
- Compensation: $49,292
- Related: $0
- Other: $0
- Compensation: $41,192
- Related: $0
- Other: $0
- Compensation: $38,483
- Related: $0
- Other: $0
- Compensation: $35,792
- Related: $0
- Other: $0
- Compensation: $30,486
- Related: $0
- Other: $0
- Compensation: $29,942
- Related: $0
- Other: $0
- Compensation: $29,483
- Related: $0
- Other: $0
- Compensation: $28,587
- Related: $0
- Other: $0
- Compensation: $26,783
- Related: $0
- Other: $0
- Compensation: $25,748
- Related: $0
- Other: $0
- Compensation: $733,479
- Related: $0
- Other: $60,942
- Compensation: $469,105
- Related: $0
- Other: $59,001
- Compensation: $319,404
- Related: $0
- Other: $52,516
- Compensation: $244,519
- Related: $0
- Other: $51,886
- Compensation: $241,288
- Related: $0
- Other: $48,715
- Compensation: $255,729
- Related: $0
- Other: $27,156
- Compensation: $233,115
- Related: $0
- Other: $46,283
- Compensation: $187,638
- Related: $0
- Other: $48,166
- Compensation: $164,776
- Related: $0
- Other: $44,379
- Compensation: $243,430
- Related: $0
- Other: $35,095
- Compensation: $226,678
- Related: $0
- Other: $51,116
- Compensation: $209,643
- Related: $0
- Other: $43,841
- Compensation: $200,013
- Related: $0
- Other: $44,608
- Compensation: $187,197
- Related: $0
- Other: $40,865
Official website here: www.gvec.org
Where can I find the form 990 for Guadalupe Valley Electric Cooperative Inc?
Guadalupe Valley Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gvec.org
Learn more at the official website: www.gvec.org
Mission Statement of Guadalupe Valley Electric Cooperative Inc
Guadalupe Valley Electric Cooperative Inc, a team of dedicated professionals, is on a mission to provide reliable electric and internet services to its members cooperatively. Building on its heritage, the cooperative aims to exceed expectations by investing in innovative products and services that empower the people and communities it serves.
The electric division of Guadalupe Valley Electric Cooperative Inc is committed to selling electric power to its members on a cooperative basis. This means that the cooperative allocates patronage capital, enabling its members to benefit from the profits generated. At the end of the year, there were 95,782 active services under the cooperative's care. By prioritizing reliable electric and internet services, Guadalupe Valley Electric Cooperative Inc demonstrates its dedication to improving the lives of its members and fostering strong, connected communities.
In summary, Guadalupe Valley Electric Cooperative Inc, a cooperative powered by a team of passionate professionals, is driven to provide its members with reliable electric and internet services. Through its commitment to identifying and investing in forward-thinking solutions, the cooperative empowers its members and strengthens the communities it serves.
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Impact
October, 2024
Guadalupe Valley Electric Cooperative Inc significantly impacts the communities it serves by providing reliable electric and internet services based on cooperative principles. With 95,782 active services at year-end, it plays a vital role in ensuring that residents and businesses in Gonzales, Texas, have access to essential utilities. The cooperative focuses on customer satisfaction and community empowerment, reflecting its mission to build on its heritage while confidently looking to the future.
By prioritizing the allocation of patronage capital, Guadalupe Valley Electric Cooperative fosters a mutual benefit approach, which ensures that profits are reinvested back into the community. This not only enhances the quality of services provided but also supports local development initiatives. The cooperative's commitment to identifying and investing in innovative products and services translates to improved quality of life for its members, ultimately enhancing the overall vitality of the region.
This information is meant to be a general summary of Guadalupe 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: $676,318
- Program Service Revenue: $327,990,887
- Gross Receipts: $333,516,518
Assets and Liabilities:
- Total Assets: $960,046,886
- Total Liabilities: $565,035,727
- Net Assets: $395,011,159
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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
$283,703,312
SALES FROM INTERNET OPERATIONS
Revenue
$20,918,622
TRANSMISSION ACCESS
Revenue
$15,560,899
SERVICE FEES & OTHER CHARGES
Revenue
$2,671,477
TRANSMISSION LEASE
Revenue
$2,650,377
Organization Details
Founding Year
1938
Phone
(830) 857-1200Principal Officer
Darren Schauer
Main Address
PO BOX 118, GONZALES, TX, 78629
Website
www.gvec.orgNTEE Category
Code: Y22 - Mutual benefit
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