Overview
What is San Luis Valley Rural Electric Cooperative Inc?
San Luis Valley Rural Electric Cooperative Inc is a nonprofit organization specializing in the sales of electric power to its members. Based on the data provided, their meter count increased from 12,825 in 2020 to 13,066 in 2022. The cooperative's mission revolves around supplying electricity on a cooperative basis to its community.
Official website here: www.slvrec.com
Is San Luis Valley Rural Electric Cooperative Inc legitimate?
San Luis Valley Rural Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. San Luis Valley Rural 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: $1,903,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,415,558
For more financial information, click here
Official website here: www.slvrec.com
What is the mission statement of San Luis Valley Rural Electric Cooperative Inc?
The San Luis Valley Rural Electric Cooperative Inc focuses on providing electric power to its members on a cooperative basis. As of the end of 2022, the cooperative had 13,066 meters in place, an increase from the 12,980 meters at the end of 2021 and the 12,825 meters at the end of 2020. Through sales of electricity, the cooperative aims to serve its community and meet the energy needs of its members. The organization's mission revolves around delivering reliable and cooperatively-owned electric power to its members.
Official website here: www.slvrec.com
Who is the CEO of San Luis Valley Rural Electric Cooperative Inc?
Loren Howard is the CEO of San Luis Valley Rural Electric Cooperative Inc The CEO's salary of San Luis Valley Rural Electric Cooperative Inc is $171,835 and their total compensation is $206,101.
Official website here: www.slvrec.com
What is the revenue of San Luis Valley Rural Electric Cooperative Inc?
San Luis Valley Rural Electric Cooperative Inc's revenue in 2023 was $43,288,734.
Official website here: www.slvrec.com
Who are the executives of San Luis Valley Rural Electric Cooperative Inc and what are their salaries?
The average compensation at San Luis Valley Rural Electric Cooperative Inc during 2023 was $73,210. There are 59 employees at San Luis Valley Rural Electric Cooperative Inc.
Here are 20 key members and their salaries (San Luis Valley Rural Electric Cooperative Inc's CEO's salary is $171,835 and their total compensation is $206,101):
- Compensation: $197,431
- Related: $0
- Other: $65,021
- Compensation: $184,471
- Related: $0
- Other: $55,808
- Compensation: $168,993
- Related: $0
- Other: $58,174
- Compensation: $168,896
- Related: $0
- Other: $58,154
- Compensation: $163,255
- Related: $0
- Other: $57,143
- Compensation: $165,865
- Related: $0
- Other: $50,499
- Compensation: $158,951
- Related: $0
- Other: $48,209
- Compensation: $171,835
- Related: $0
- Other: $34,266
- Compensation: $150,583
- Related: $0
- Other: $55,244
- Compensation: $150,583
- Related: $0
- Other: $53,008
- Compensation: $150,028
- Related: $0
- Other: $47,196
- Compensation: $150,784
- Related: $0
- Other: $45,400
- Compensation: $27,359
- Related: $0
- Other: $0
- Compensation: $26,458
- Related: $0
- Other: $0
- Compensation: $19,373
- Related: $0
- Other: $0
- Compensation: $13,497
- Related: $0
- Other: $0
- Compensation: $4,532
- Related: $0
- Other: $0
- Compensation: $3,861
- Related: $0
- Other: $0
- Compensation: $1,877
- Related: $0
- Other: $0
- Compensation: $908
- Related: $0
- Other: $0
Official website here: www.slvrec.com
Where can I find the form 990 for San Luis Valley Rural Electric Cooperative Inc?
San Luis Valley Rural Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.slvrec.com
Learn more at the official website: www.slvrec.com
Mission Statement of San Luis Valley Rural Electric Cooperative Inc
San Luis Valley Rural Electric Cooperative Inc, a cooperative entity, is dedicated to the sales of electric power to its member base. With a mission to provide electricity on a cooperative basis, the organization had 13,066 meters in operation at the end of 2022.
The cooperative's commitment to its members saw it expand its meter count from 12,825 in 2020 to 13,066 by the end of 2022. This growth underscores the organization's relentless pursuit to ensure its members have access to dependable electric power.
San Luis Valley Rural Electric Cooperative Inc's operations are centered around delivering electricity to its members, with a focus on a cooperative business structure. This cohesive team has managed to keep the electric power flowing to over 13,000 meters, enabling homes and businesses to function effectively.
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Impact
October, 2024
San Luis Valley Rural Electric Cooperative Inc plays a significant role in providing reliable electricity to its members in the San Luis Valley region of Colorado. With a steady increase in the number of meters from 12,825 in 2020 to 13,066 in 2022, the cooperative demonstrates its commitment to meeting the growing energy needs of the community. By focusing on cooperative sales of electric power, it fosters a sense of shared ownership and accountability among its members, which enhances local economic stability and sustainability. The cooperative model emphasizes public benefit, allowing members to collectively benefit from affordable and dependable energy services, thereby contributing to the overall quality of life in the area.
This information is meant to be a general summary of San Luis Valley Rural 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 2023.
- Investment Income: $109,969
- Program Service Revenue: $43,139,358
- Gross Receipts: $43,294,234
Assets and Liabilities:
- Total Assets: $151,737,878
- Total Liabilities: $97,950,073
- Net Assets: $53,787,805
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electricity Sales Revenue
Revenue
$35,550,377
Capital Credit Revenue
Revenue
$731,729
Broadband Revenue
Revenue
$6,699,995
Warehouse Sales
Revenue
$9,127
Fee and Service Revenue
Revenue
$127,421
Organization Details
Founding Year
1937
Principal Officer
Joan R Waudby
Website
www.slvrec.comNTEE Category
Code: W80 - Public benefit
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