Overview
What is Norval Electric Cooperative Inc?
Norval Electric Cooperative Inc is a nonprofit organization, specifically an electric utility cooperative, established in Glasgow, Montana. With a focus on rural areas, they provide essential electricity services to farms, residences, businesses, and various industrial entities in the counties of Daniels, McCone, Phillips, Roosevelt, and Valley. The cooperative employs a team of 24 individuals, dedicated to ensuring reliable power supply in Northeastern Montana.
Official website here: www.norval.coop
Is Norval Electric Cooperative Inc legitimate?
Norval Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Norval 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: $273,240
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,383,630
For more financial information, click here
Official website here: www.norval.coop
What is the mission statement of Norval Electric Cooperative Inc?
Norval Electric Cooperative Inc's mission is centered around supplying electricity to rural communities. This includes farmlands, residences, businesses, and other industrial entities located in Northeastern Montana. Their objective is to ensure reliable and consistent energy supply to these areas, thereby contributing to their overall development and well-being. The cooperative is committed to serving its community, providing them with the essential power they need for various purposes.
Official website here: www.norval.coop
Who is the CEO of Norval Electric Cooperative Inc?
Ronald Reddig is the Principal Officer of Norval Electric Cooperative Inc.
Official website here: www.norval.coop
What is the revenue of Norval Electric Cooperative Inc?
Norval Electric Cooperative Inc's revenue in 2022 was $8,069,987.
Official website here: www.norval.coop
Who are the executives of Norval Electric Cooperative Inc and what are their salaries?
The average compensation at Norval Electric Cooperative Inc during 2022 was $69,036. There are 24 employees at Norval Electric Cooperative Inc.
Here are 9 key members and their salaries:
- Compensation: $141,655
- Related: $0
- Other: $0
- Compensation: $114,835
- Related: $0
- Other: $0
- Compensation: $3,950
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $2,650
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $2,250
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
Official website here: www.norval.coop
Where can I find the form 990 for Norval Electric Cooperative Inc?
Norval Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.norval.coop
Learn more at the official website: www.norval.coop
Mission Statement of Norval Electric Cooperative Inc
Norval Electric Cooperative Inc, as a utility cooperative, is committed to a mission that serves rural communities in Montana. The organization's primary objective is to provide electricity to residential, agricultural, commercial, and industrial entities located in Daniels, McCone, Phillips, Roosevelt, and Valley Counties. By supplying this essential resource, Norval Electric Cooperative Inc plays a vital role in supporting the daily operations and quality of life for its clients in Northeastern Montana. The cooperative's mission is centered around ensuring that residents, farms, businesses, and industries in these sparse, rural areas have reliable access to electricity, thereby fostering a sustainable and prosperous living environment.
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Impact
October, 2024
Norval Electric Cooperative Inc. plays a crucial role in enhancing the quality of life and economic development in Northeast Montana by providing reliable electricity to rural farms, residences, businesses, and industrial entities. Serving areas across Daniels, McCone, Phillips, Roosevelt, and Valley Counties, the cooperative ensures that even remote communities have access to essential electric utilities.
This impact supports various essential services, facilitates local agriculture, and encourages business growth, contributing to the overall vitality of the region. By focusing on mutual benefit, Norval Electric Cooperative fosters a sense of community, enabling residents and businesses to thrive. Their commitment to delivering electricity to underserved areas helps bridge the energy gap, making significant strides toward sustainable development and community resilience in rural Montana.
This information is meant to be a general summary of Norval 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: $16,479
- Program Service Revenue: $7,647,079
- Gross Receipts: $8,069,987
Assets and Liabilities:
- Total Assets: $30,343,737
- Total Liabilities: $14,418,366
- Net Assets: $15,925,371
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sale of Electricity
Revenue
$7,647,079
Organization Details
Founding Year
1941
Phone
(406) 228-9351Principal Officer
Ronald Reddig
Main Address
PO Box 951, Glasgow, MT, 59230
Website
www.norval.coopNTEE Category
Code: Y22 - Mutual benefit
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