Overview
What is Valley Electric Association Inc?
Valley Electric Association Inc is a Nevada-based cooperative nonprofit organization, with a PO Box address in Pahrump, providing electric and internet services to its members. With a workforce of 169 employees, their mission is to deliver quality and reliable energy to enhance the lives of the communities they serve. They allocate patronage capital to ensure cooperative ownership and had 24,502 active services as of the year end.
Official website here: www.vea.coop
Is Valley Electric Association Inc legitimate?
Valley Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Valley Electric Association 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: $3,081,118
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,371,100
For more financial information, click here
Official website here: www.vea.coop
What is the mission statement of Valley Electric Association Inc?
Valley Electric Association Inc is dedicated to delivering quality and reliable electric and internet services to its cooperative members. The organization's mission goes beyond just providing energy; it aims to enhance the lives of the people and communities it serves. By operating on a cooperative basis, Valley Electric Association Inc allocates patronage capital to its members. At the end of the year, there were 24,502 active services being provided by the association.
Official website here: www.vea.coop
Who is the CEO of Valley Electric Association Inc?
Angela Evans is the CEO of Valley Electric Association Inc The CEO's salary of Valley Electric Association Inc is $336,724 and their total compensation is $336,724.
Official website here: www.vea.coop
What is the revenue of Valley Electric Association Inc?
Valley Electric Association Inc's revenue in 2023 was $117,610,413.
Official website here: www.vea.coop
Who are the executives of Valley Electric Association Inc and what are their salaries?
The average compensation at Valley Electric Association Inc during 2023 was $70,259. There are 163 employees at Valley Electric Association Inc.
Here are 26 key members and their salaries (Valley Electric Association Inc's CEO's salary is $336,724 and their total compensation is $336,724):
- Compensation: $22,200
- Related: $0
- Other: $0
- Compensation: $19,400
- Related: $0
- Other: $0
- Compensation: $8,500
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $19,000
- Related: $0
- Other: $0
- Compensation: $18,600
- Related: $0
- Other: $0
- Compensation: $8,300
- Related: $0
- Other: $0
- Compensation: $13,050
- Related: $0
- Other: $0
- Compensation: $396,221
- Related: $0
- Other: $126,731
- Compensation: $211,759
- Related: $0
- Other: $59,960
- Compensation: $145,083
- Related: $0
- Other: $7,914
- Compensation: $248,160
- Related: $0
- Other: $53,144
- Compensation: $217,715
- Related: $0
- Other: $43,540
- Compensation: $179,496
- Related: $0
- Other: $60,991
- Compensation: $177,019
- Related: $0
- Other: $51,625
- Compensation: $171,434
- Related: $0
- Other: $80,049
- Compensation: $168,579
- Related: $0
- Other: $162,398
- Compensation: $160,463
- Related: $0
- Other: $44,909
- Compensation: $154,894
- Related: $0
- Other: $29,484
- Compensation: $198,349
- Related: $0
- Other: $92,974
- Compensation: $195,241
- Related: $0
- Other: $57,491
- Compensation: $189,828
- Related: $0
- Other: $53,569
- Compensation: $182,518
- Related: $0
- Other: $66,884
- Compensation: $181,517
- Related: $0
- Other: $48,278
- Compensation: $336,724
- Related: $0
- Other: $0
Official website here: www.vea.coop
Where can I find the form 990 for Valley Electric Association Inc?
Valley Electric Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vea.coop
Learn more at the official website: www.vea.coop
Mission Statement of Valley Electric Association Inc
Valley Electric Association Inc, a cooperative dedicated to providing quality and reliable electric and internet service, strives to enhance the lives of the people and communities it serves. Through the cooperative model, the organization allocates patronage capital to deliver electric energy to its members. In doing so, Valley Electric Association Inc serves a total of 24,502 active services at year end. By focusing on improving lives, the Association goes beyond just supplying electricity. Its mission is deeply rooted in ensuring the communities it serves receive the essential energy they need to thrive. This commitment to quality and reliability empowers individuals and families to build better futures, fueling progress and development within the communities Valley Electric Association Inc serves.
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Impact
October, 2024
Valley Electric Association Inc plays a vital role in enhancing the quality of life for the residents of Pahrump, NV, and surrounding areas by delivering reliable electric and internet services. With over 24,500 active services, the cooperative ensures that its members have access to essential utilities that support their daily activities and foster community development.
By operating on a cooperative model, Valley Electric emphasizes the allocation of patronage capital, which further strengthens its commitment to its members. This approach allows for reinvestment in the community, helping to improve infrastructure and services while keeping costs manageable for participants. The mission to improve the lives of both individuals and the broader community underscores the organization’s focus on public benefit, ensuring that every initiative aligns with the needs and expectations of its members.
In addition to providing essential services, Valley Electric Association Inc's impact is evident in its community engagement efforts and support for local initiatives. By prioritizing the well-being of its members and the community, the organization fosters a sense of belonging and encourages collaboration, contributing to a robust and interconnected community in the region.
This information is meant to be a general summary of Valley Electric Association 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: $304,643
- Program Service Revenue: $116,881,072
- Gross Receipts: $117,617,089
Assets and Liabilities:
- Total Assets: $326,082,663
- Total Liabilities: $253,718,620
- Net Assets: $72,364,043
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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
$88,782,278
WHEELING & TRANSMISSION REVENUE
Revenue
$15,503,491
BROADBAND REVENUE
Revenue
$11,181,603
PATRONAGE DIVIDENDS
Revenue
$1,277,960
SERVICE FEES
Revenue
$135,740
Organization Details
Founding Year
1965
Principal Officer
Mark Stallons
Website
www.vea.coopNTEE Category
Code: W80 - Public benefit
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