Overview
What is Concho Valley Electric Cooperative Inc?
Concho Valley Electric Cooperative Inc is a nonprofit organization based in San Angelo, Texas, with a PO Box address (769023388). Their primary mission is to provide electric energy to rural areas on a cooperative basis. The cooperative improves the lifestyles of its members and the economic environment of its service area by dedicating itself to providing safe, reliable electric service at the lowest practical cost. They have a workforce of 87 employees and reported 15,832 active services at year end. The organization is committed to meeting the changing needs of its membership with a well-trained, quality workforce and sound business practices.
Official website here: www.cvec.coop
What are the reviews and ratings of this charity?
Concho Valley Electric Cooperative Inc is currently not rated by Charity Navigator because it is not a 501(c)(3) IRS registered nonprofit. The lack of a rating does not reflect negatively or positively on the organization but indicates that it hasn't been evaluated under Charity Navigator's criteria. Historical ratings from Charity Navigator would only relate to accountability and finance aspects, which are currently not applicable due to the organization's IRS status.
The absence of certain evaluations like Leadership & Adaptability and Culture & Community is mainly due to its non-501(c)(3) status, which limits Charity Navigator's ability to apply standard methodologies. Furthermore, the absence of electronically-filed Form 990 data within recent years means no revenue, expense, or salary data can be assessed. This underscores a lack of available quantitative data to gauge the cooperative's operations and financial health through traditional charity evaluation methods.
Without any available user reviews from GreatNonprofits, there is no direct consumer feedback to draw upon for additional insights into Concho Valley Electric Cooperative Inc's impact, customer satisfaction, or community interactions.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Concho Valley Electric Cooperative Inc?
74% of reviewers on Facebook recommend Concho Valley Electric Cooperative Inc. Here's a summary of their thoughts:
Many appreciate the responsiveness and dedication of the team, especially during emergencies. One user highlighted their commendable service by expressing gratitude for the crew that arrived at 3 AM to restore power, reflecting the cooperative's commitment to providing timely assistance.
While the overall sentiment leans positive, with some users acknowledging the cooperative's efforts, the limited number of reviews indicates room for improvement in service perception. Overall, there’s an acknowledgment of the essential role this nonprofit plays in the community, particularly in times of need.
This AI summary has been generated from reviews found on Facebook.
Is Concho Valley Electric Cooperative Inc legitimate?
Concho Valley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Concho 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: $662,865
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,260,982
For more financial information, click here
Official website here: www.cvec.coop
What is the mission statement of Concho Valley Electric Cooperative Inc?
Concho Valley Electric Cooperative Inc is committed to enhancing the lifestyles of its members and boosting the economic environment of the service area. The cooperative prioritizes providing safe and dependable electric service at the most affordable price. With a well-trained workforce and sound business practices, Concho Valley Electric Cooperative Inc strives to meet the evolving needs of its membership. The organization is dedicated to continuously improving and adapting to better serve its community.
Official website here: www.cvec.coop
Who is the CEO of Concho Valley Electric Cooperative Inc?
Kelly Lankford is the Director of Concho Valley Electric Cooperative Inc. The CEO's salary of Concho Valley Electric Cooperative Inc is $279,853 and their total compensation is $419,337.
Official website here: www.cvec.coop
What is the revenue of Concho Valley Electric Cooperative Inc?
Concho Valley Electric Cooperative Inc's revenue in 2022 was $52,841,209.
Official website here: www.cvec.coop
Who are the executives of Concho Valley Electric Cooperative Inc and what are their salaries?
The average compensation at Concho Valley Electric Cooperative Inc during 2022 was $45,102. There are 87 employees at Concho Valley Electric Cooperative Inc.
Here are 14 key members and their salaries (Concho Valley Electric Cooperative Inc's CEO's salary is $279,853 and their total compensation is $419,337):
- Compensation: $5,200
- Related: $0
- Other: $0
- Compensation: $2,200
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $5,200
- Related: $0
- Other: $0
- Compensation: $3,400
- Related: $0
- Other: $0
- Compensation: $279,853
- Related: $0
- Other: $139,484
- Compensation: $152,412
- Related: $0
- Other: $66,816
- Compensation: $128,862
- Related: $0
- Other: $96,812
- Compensation: $126,859
- Related: $0
- Other: $71,290
- Compensation: $124,091
- Related: $0
- Other: $68,843
- Compensation: $121,683
- Related: $0
- Other: $58,636
- Compensation: $118,442
- Related: $0
- Other: $60,611
Official website here: www.cvec.coop
Where can I find the form 990 for Concho Valley Electric Cooperative Inc?
Concho Valley Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cvec.coop
Learn more at the official website: www.cvec.coop
Mission Statement of Concho Valley Electric Cooperative Inc
Concho Valley Electric Cooperative, Inc. is a dedicated organization that strives to enhance the livelihoods of its members and contribute positively to the economic environment of its service area. This cooperative is firmly committed to providing its members with safe, dependable electric service at the most affordable practical cost. In pursuit of this mission, Concho Valley Electric Cooperative, Inc. employs a well-trained, high-quality workforce and adheres to sound business practices.
The cooperative's primary goal is to ensure that its members have access to electric energy, enabling them to lead comfortable and efficient lives in rural areas. By providing power on a cooperative basis, Concho Valley Electric Cooperative, Inc. fosters a sense of community and solidarity among its members. The organization is consistently working to meet the evolving needs of its membership, adapting and innovating to ensure the most effective and efficient service delivery. As a testament to its commitment to its members, Concho Valley Electric Cooperative, Inc. is devoted to maintaining a strong focus on safety and reliability, ensuring that the power supply is consistently available and dependable.
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Impact
October, 2024
Concho Valley Electric Cooperative Inc significantly enhances the quality of life in rural areas by providing reliable and affordable electric energy. With 15,832 active services, it caters to the energy needs of its members through a cooperative model that emphasizes cost savings and community involvement. The cooperative is dedicated to improving not just the electrical infrastructure but also the overall economic environment of its service area in San Angelo, Texas.
By prioritizing safety, reliability, and affordability, Concho Valley Electric Cooperative ensures that its members have access to essential services that bolster their daily lives and contribute to the local economy. The commitment to employing a skilled workforce and maintaining sound business practices further strengthens its ability to adapt to the evolving needs of its members, ensuring a sustainable future for the communities it serves.
This information is meant to be a general summary of Concho 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: $47,482
- Program Service Revenue: $52,673,757
- Gross Receipts: $52,998,863
Assets and Liabilities:
- Total Assets: $144,391,966
- Total Liabilities: $83,821,540
- Net Assets: $60,570,426
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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
$51,968,796
PATRONAGE DIVIDENDS
Revenue
$360,296
SERVICE FEES
Revenue
$330,461
SALES OF BROADBAND INTERNET
Revenue
$14,204
Organization Details
Founding Year
1940
Phone
(325) 655-6957Principal Officer
Kelly Lankford
Main Address
PO BOX 3388, SAN ANGELO, TX, 769023388
Website
www.cvec.coopNTEE Category
Code: W80 - Public benefit
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