Overview
What is Golden Valley Electric Association Inc?
The Golden Valley Electric Association, based in Fairbanks, Alaska, is a nonprofit organization dedicated to enhancing the economic, environmental, and social wellbeing of communities. With a mission to ensure the safe delivery of reliable electric service, excellent customer service, and innovative energy solutions to its member-owners, the Cooperative is committed to making a positive impact.
Official website here: www.gvea.com
What are the reviews and ratings of this charity?
Golden Valley Electric Association Inc is not currently rated by Charity Navigator. The absence of a rating does not imply a positive or negative evaluation, as this organization is not eligible for certain methodologies used by Charity Navigator. This is mainly due to its status as a non-501(c)(3) nonprofit, which limits its assessability in areas such as Accountability & Finance and Impact & Measurement.
Charity Navigator provides limited data about Golden Valley Electric Association Inc. There is no available information on revenue, expenses, or salaries of key personnel, which are typically used to assess financial transparency and governance. Notably, the organization operates independently, but its specifics remain largely unexplored due to its classification.
There are no user reviews available on GreatNonprofits for Golden Valley Electric Association Inc. Consequently, public sentiment and feedback from individuals who have interacted with or benefited from the organization's services are not represented in this overview.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Valley Electric Association Inc legitimate?
Golden Valley Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Golden 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: $3,152,334
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,856,363
For more financial information, click here
Official website here: www.gvea.com
What is the mission statement of Golden Valley Electric Association Inc?
The Golden Valley Electric Association is dedicated to delivering dependable electric service to its member-owners. Their commitment extends beyond electricity, encompassing quality customer service and innovative energy solutions. The organization's primary goal is to ensure the economic, environmental, and social sustainability of the communities it serves. By focusing on safety, reliability, and innovation, the Association aims to enhance the overall quality of life for its members.
Official website here: www.gvea.com
Who is the CEO of Golden Valley Electric Association Inc?
John J Burns is the President & Ceo of Golden Valley Electric Association Inc. The CEO's salary of Golden Valley Electric Association Inc is $381,092 and their total compensation is $528,387.
Official website here: www.gvea.com
What is the revenue of Golden Valley Electric Association Inc?
Golden Valley Electric Association Inc's revenue in 2022 was $290,488,698.
Official website here: www.gvea.com
Who are the executives of Golden Valley Electric Association Inc and what are their salaries?
The average compensation at Golden Valley Electric Association Inc during 2022 was $77,177. There are 337 employees at Golden Valley Electric Association Inc.
Here are 25 key members and their salaries (Golden Valley Electric Association Inc's CEO's salary is $381,092 and their total compensation is $528,387):
- Compensation: $381,092
- Related: $0
- Other: $147,295
- Compensation: $222,117
- Related: $0
- Other: $94,279
- Compensation: $205,164
- Related: $0
- Other: $100,900
- Compensation: $215,742
- Related: $0
- Other: $74,111
- Compensation: $215,195
- Related: $0
- Other: $73,291
- Compensation: $207,862
- Related: $0
- Other: $72,562
- Compensation: $207,752
- Related: $0
- Other: $72,008
- Compensation: $180,689
- Related: $0
- Other: $86,751
- Compensation: $212,668
- Related: $0
- Other: $46,748
- Compensation: $176,510
- Related: $0
- Other: $80,007
- Compensation: $160,854
- Related: $0
- Other: $83,197
- Compensation: $156,932
- Related: $0
- Other: $79,449
- Compensation: $152,772
- Related: $0
- Other: $75,552
- Compensation: $144,127
- Related: $0
- Other: $59,130
- Compensation: $155,233
- Related: $0
- Other: $46,604
- Compensation: $167,352
- Related: $0
- Other: $30,549
- Compensation: $58,575
- Related: $0
- Other: $8,230
- Compensation: $29,075
- Related: $0
- Other: $0
- Compensation: $23,275
- Related: $0
- Other: $0
- Compensation: $22,700
- Related: $0
- Other: $0
- Compensation: $21,400
- Related: $0
- Other: $0
- Compensation: $17,775
- Related: $0
- Other: $0
- Compensation: $14,300
- Related: $0
- Other: $0
- Compensation: $9,450
- Related: $0
- Other: $0
- Compensation: $7,650
- Related: $0
- Other: $0
Official website here: www.gvea.com
Where can I find the form 990 for Golden Valley Electric Association Inc?
Golden Valley Electric Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gvea.com
Learn more at the official website: www.gvea.com
Mission Statement of Golden Valley Electric Association Inc
Golden Valley Electric Association, a mission-driven organization, is dedicated to ensuring the well-being of communities by delivering safe and dependable electric services to its member-owners. With a commitment to reliability and quality, the Cooperative goes beyond just providing electricity. It strives to offer innovative energy solutions that contribute to the economic, environmental, and social sustainability of the areas it serves.
Embodying a deep sense of responsibility, Golden Valley Electric Association prioritizes the safety of its members and the public. It operates with a strong focus on maintaining a robust electric infrastructure, ensuring that power is always available when needed. This unwavering dedication to reliability is matched by a commitment to delivering exceptional customer service, addressing the unique needs and concerns of each member.
Golden Valley Electric Association's mission extends beyond the provision of electric services. It is a forward-thinking organization that recognizes the importance of fostering innovation and implementing advanced energy solutions. By embracing new technologies and trends, the Cooperative is able to help its members reduce their carbon footprint, save on energy costs, and contribute to a more sustainable future. Ultimately, Golden Valley Electric Association's mission is about more than just delivering electricity; it's about improving the lives of its members and contributing to the long-term prosperity of the communities it serves.
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Impact
October, 2024
Golden Valley Electric Association Inc plays a crucial role in enhancing the economic, environmental, and social viability of the communities it serves. By providing reliable electric service, it supports local businesses and households, facilitating day-to-day activities and promoting economic growth. The emphasis on quality customer service ensures that member-owners receive the assistance and information they need to optimize their energy use, further contributing to a thriving community.
In addition to its core services, Golden Valley Electric Association fosters innovative energy solutions that align with contemporary environmental standards. This approach not only addresses the immediate power needs of Fairbanks, AK, but also promotes sustainability and responsible energy consumption. The association’s commitment to the community underlines its importance as a vital resource, empowering residents and businesses to thrive while prioritizing environmental stewardship. Through its efforts, Golden Valley Electric Association Inc significantly impacts the overall quality of life in Fairbanks and surrounding areas.
This information is meant to be a general summary of Golden 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 2022.
- Investment Income: $2,968,255
- Program Service Revenue: $286,831,204
- Gross Receipts: $307,775,028
Assets and Liabilities:
- Total Assets: $748,155,757
- Total Liabilities: $478,501,984
- Net Assets: $269,653,773
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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
$282,574,202
POLE CONTRACTS
Revenue
$1,531,840
INTERCONNECT/MEMBER FEE
Revenue
$1,424,289
PATRONAGE DIVIDENDS
Revenue
$1,270,276
ALL OTHER PROGRAM SERVICE REVENUE
Revenue
$30,597
Organization Details
Founding Year
1946
Phone
(907) 452-1151Principal Officer
John J Burns
Main Address
758 Illinois St, Fairbanks, AK, 99707
Website
www.gvea.comNTEE Category
Code: W80 - Public benefit
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