Overview
What is Lower Valley Energy Inc?
Lower Valley Energy Inc, based in Afton, Wyoming, serves as a not-for-profit cooperative providing essential utility services to rural communities. With a team of 85 dedicated employees, the organization offers both electricity and natural gas to its members. Their mission is to deliver these resources cooperatively, ensuring access to these necessities for the community. Throughout the year, they have successfully provided utility service to their members, reinforcing their commitment to enhancing the quality of life in rural areas.
Official website here: www.lvenergy.com
What are the reviews and ratings of this charity?
Lower Valley Energy Inc currently has no rating on Charity Navigator. This lack of evaluation does not imply a positive or negative stance but rather reflects the organization's status as a non-501(c)(3) entity, which excludes it from ratings calculated under Charity Navigator's current methodologies. Evaluations typically require categories like Accountability & Finance or Impact & Measurement, which are not applicable to this organization due to its IRS foundation status.
Despite not having a direct rating, data from IRS Forms 990 is available for Lower Valley Energy Inc, which can provide insight into some operational aspects. This financial transparency could be beneficial, even though comprehensive evaluations considering aspects like Leadership & Adaptability or Culture & Community are not applied here. The organization's independent status suggests autonomy in its operations and decision-making processes.
The absence of user reviews on GreatNonprofits means there is limited publicly available feedback from individuals who interact with Lower Valley Energy Inc. In such cases, gathering additional information from community sources or directly from the organization could be useful for stakeholders and community members interested in understanding its impact and operations.
This AI summary has been generated from information found on Charity Navigator.
Is Lower Valley Energy Inc legitimate?
Lower Valley Energy Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lower Valley Energy 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: $1,021,494
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,036,618
For more financial information, click here
Official website here: www.lvenergy.com
What is the mission statement of Lower Valley Energy Inc?
Lower Valley Energy Inc is committed to serving rural communities on a not-for-profit cooperative basis, delivering essential electricity and natural gas to its members. The organization's mission focuses on providing these vital resources to its members, ensuring they have access to reliable energy sources. Through its cooperative structure, Lower Valley Energy Inc fosters a sense of community among its members, working together to meet their energy needs. The cooperative's efforts extend beyond just supplying energy; it strives to contribute positively to the daily lives and wellbeing of those it serves.
Official website here: www.lvenergy.com
Who is the CEO of Lower Valley Energy Inc?
James R Webb is the CEO of Lower Valley Energy Inc The CEO's salary of Lower Valley Energy Inc is $477,767 and their total compensation is $477,767.
Official website here: www.lvenergy.com
What is the revenue of Lower Valley Energy Inc?
Lower Valley Energy Inc's revenue in 2023 was $77,896,056.
Official website here: www.lvenergy.com
Who are the executives of Lower Valley Energy Inc and what are their salaries?
The average compensation at Lower Valley Energy Inc during 2023 was $104,116. There are 87 employees at Lower Valley Energy Inc.
Here are 16 key members and their salaries (Lower Valley Energy Inc's CEO's salary is $477,767 and their total compensation is $477,767):
- Compensation: $477,767
- Related: $0
- Other: $0
- Compensation: $307,003
- Related: $0
- Other: $0
- Compensation: $262,019
- Related: $0
- Other: $0
- Compensation: $252,749
- Related: $0
- Other: $0
- Compensation: $231,805
- Related: $0
- Other: $0
- Compensation: $218,229
- Related: $0
- Other: $0
- Compensation: $214,774
- Related: $0
- Other: $0
- Compensation: $186,747
- Related: $0
- Other: $0
- Compensation: $23,825
- Related: $0
- Other: $0
- Compensation: $17,950
- Related: $0
- Other: $0
- Compensation: $17,100
- Related: $0
- Other: $0
- Compensation: $16,500
- Related: $0
- Other: $0
- Compensation: $15,800
- Related: $0
- Other: $0
- Compensation: $14,500
- Related: $0
- Other: $0
- Compensation: $13,250
- Related: $0
- Other: $0
- Compensation: $6,250
- Related: $0
- Other: $0
Official website here: www.lvenergy.com
Where can I find the form 990 for Lower Valley Energy Inc?
Lower Valley Energy Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lvenergy.com
Learn more at the official website: www.lvenergy.com
Mission Statement of Lower Valley Energy Inc
Lower Valley Energy Inc, a not-for-profit organization, is dedicated to delivering electricity and natural gas services to rural communities. With a mission centered on cooperation, this organization strives to provide essential utilities to its members, ensuring they have access to the energy resources they need for their homes and daily lives.
In a committed effort to serve, Lower Valley Energy Inc focuses on providing electricity and natural gas to its rural members on a cooperative basis. This means that the organization functions as a collective, working together to meet the energy needs of its community members. By operating on a not-for-profit basis, Lower Valley Energy Inc prioritizes affordability and accessibility, ensuring that its services are available to all members, regardless of their financial circumstances.
Throughout the year, Lower Valley Energy Inc fulfills its mission by delivering reliable and consistent electricity and natural gas utility services to its members. The organization plays a crucial role in ensuring that the communities it serves have access to the energy they need, enabling them to maintain comfortable and functional living environments.
In their quest to make a positive impact, Lower Valley Energy Inc goes beyond just delivering energy services. They are committed to fostering a strong sense of community and cooperation, working collaboratively with their members to address any concerns and ensure their needs are met. Through their cooperative structure, Lower Valley Energy Inc creates an environment where members have a voice in the organization, fostering a sense of ownership and investment in the services they receive.
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Impact
October, 2024
Lower Valley Energy Inc plays a significant role in delivering essential utility services to rural communities in Afton, Wyoming. By providing electricity and natural gas to its members, the cooperative supports local households and businesses, ensuring they have access to reliable energy sources. This service is critical for economic development, allowing residents to power their homes, operate businesses, and engage in daily activities without interruption.
The cooperative model fosters community engagement and investment, as members have a say in how the organization operates and can benefit from lower energy costs derived from its not-for-profit status. The focus on rural areas addresses energy access disparities, promoting public benefit by enhancing the quality of life for its members and contributing to regional stability and growth. Lower Valley Energy Inc's impact is profound, as it not only meets immediate energy needs but also supports broader economic and community development goals within the region.
This information is meant to be a general summary of Lower Valley Energy 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 2023.
- Investment Income: $796,197
- Program Service Revenue: $77,003,663
- Gross Receipts: $77,896,056
Assets and Liabilities:
- Total Assets: $308,120,188
- Total Liabilities: $203,389,494
- Net Assets: $104,730,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Retail Sales of Energy
Revenue
$71,812,473
Service Related Revenue
Revenue
$198,526
Patronage Capital
Revenue
$321,900
Rental Income
Revenue
$4,032,430
Other Non-Operating
Revenue
$629,657
Organization Details
Founding Year
1936
Principal Officer
James R Webb
Website
www.lvenergy.comNTEE Category
Code: W80 - Public benefit
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