Overview
What is Alaska Village Electric Cooperative Inc?
Alaska Village Electric Cooperative Inc, located in Anchorage, Alaska, is a nonprofit organization dedicated to bringing electric power to 58 remote villages in the state. With a workforce of 112 employees, they have generated an impressive 133.5M KWH of electricity to cater to the needs of 11,512 consumers. Their mission is to ensure the provision of reliable electric power to these rural areas, enhancing the quality of life and promoting sustainable development within these communities.
Official website here: www.avec.org
What are the reviews and ratings of this charity?
Alaska Village Electric Cooperative Inc is not currently rated by Charity Navigator. This is primarily due to the nonprofit not being registered as a 501(c)(3) organization, which is a requirement for evaluation. The absence of a rating does not necessarily suggest a negative or positive assessment but rather that the organization hasn't undergone evaluation based on available criteria.
The nonprofit does not provide total revenue and expense data, making a financial assessment challenging. Moreover, key personnel salaries are also undisclosed. Historically, evaluations were aligned with today's notions of accountability and finance, but new criteria such as Leadership & Adaptability and Culture & Community are not applicable to this organization due to its distinct nonprofit status.
No user reviews are available on GreatNonprofits, providing little insight into public perceptions or individual experiences with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Alaska Village Electric Cooperative Inc legitimate?
Alaska Village Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Alaska Village 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: $817,688
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,326,099
For more financial information, click here
Official website here: www.avec.org
What is the mission statement of Alaska Village Electric Cooperative Inc?
The Alaska Village Electric Cooperative Inc is committed to delivering electric power to 58 remote communities. Their primary goal is to ensure a consistent electricity supply for the residents of these villages. In 2021, they generated an impressive 133.5M KWH of power, catering to the energy needs of 11,512 consumers. By providing reliable electric power, they contribute significantly to enhancing the quality of life in these remote areas. Their efforts facilitate access to modern amenities and services, ultimately improving the overall living conditions for thousands of people.
Official website here: www.avec.org
Who is the CEO of Alaska Village Electric Cooperative Inc?
William Stamm is the President & Ceo of Alaska Village Electric Cooperative Inc. The CEO's salary of Alaska Village Electric Cooperative Inc is $276,545 and their total compensation is $521,479.
Official website here: www.avec.org
What is the revenue of Alaska Village Electric Cooperative Inc?
Alaska Village Electric Cooperative Inc's revenue in 2022 was $69,708,185.
Official website here: www.avec.org
Who are the executives of Alaska Village Electric Cooperative Inc and what are their salaries?
The average compensation at Alaska Village Electric Cooperative Inc during 2022 was $54,855. There are 112 employees at Alaska Village Electric Cooperative Inc.
Here are 15 key members and their salaries (Alaska Village Electric Cooperative Inc's CEO's salary is $276,545 and their total compensation is $521,479):
- Compensation: $276,545
- Related: $0
- Other: $244,934
- Compensation: $225,754
- Related: $0
- Other: $100,332
- Compensation: $165,278
- Related: $0
- Other: $131,604
- Compensation: $163,676
- Related: $0
- Other: $104,076
- Compensation: $155,183
- Related: $0
- Other: $111,956
- Compensation: $165,784
- Related: $0
- Other: $93,124
- Compensation: $156,487
- Related: $0
- Other: $88,097
- Compensation: $6,397
- Related: $0
- Other: $0
- Compensation: $4,823
- Related: $0
- Other: $0
- Compensation: $4,335
- Related: $0
- Other: $0
- Compensation: $4,086
- Related: $0
- Other: $0
- Compensation: $3,842
- Related: $0
- Other: $0
- Compensation: $2,965
- Related: $0
- Other: $0
- Compensation: $1,572
- Related: $0
- Other: $0
- Compensation: $1,050
- Related: $0
- Other: $0
Official website here: www.avec.org
Where can I find the form 990 for Alaska Village Electric Cooperative Inc?
Alaska Village Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.avec.org
Learn more at the official website: www.avec.org
Mission Statement of Alaska Village Electric Cooperative Inc
Alaska Village Electric Cooperative Inc, a dedicated organization, works tirelessly to bring electric power to 58 remote Alaskan villages. With a clear mission to provide electricity, the cooperative generates an impressive 133.5M kWh of energy annually, serving a community of 11,512 consumers.
In the vast and diverse landscapes of Alaska, access to electricity is a crucial necessity. Alaska Village Electric Cooperative Inc acknowledges this challenge and consistently strives to address it, extending the reach of electricity to the most remote corners of the state. As a result, the cooperative plays a pivotal role in enhancing the quality of life for the residents of these communities, enabling them to access essential modern amenities and fostering economic growth.
The cooperative's commitment to its mission is unwavering. It not only generates the required power but also ensures its efficient delivery to the villages. The cooperative's efforts enable the residents to enjoy the benefits of electricity, such as improved communication, education, and healthcare facilities. As the cooperative continues to power the lives of Alaskan villagers, it remains steadfast in its promise to bring light and progress to the most remote corners of the state.
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Impact
October, 2024
Alaska Village Electric Cooperative Inc has significantly improved the quality of life in 58 remote Alaskan villages by providing essential electric power to their residents. With a generation of 133.5 million kilowatt-hours for over 11,500 consumers, the cooperative plays a crucial role in delivering reliable energy solutions in areas often overlooked by larger utility providers. This access to electricity supports various daily activities, enhances safety, and fosters community development, ultimately contributing to the socioeconomic stability of these rural locations.
This information is meant to be a general summary of Alaska Village 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: $368,674
- Program Service Revenue: $60,772,521
- Gross Receipts: $76,094,194
Assets and Liabilities:
- Total Assets: $150,723,795
- Total Liabilities: $91,621,111
- Net Assets: $59,102,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUEL REVENUE
Revenue
$34,504,067
ELECTRIC REVENUE
Revenue
$26,268,454
Organization Details
Founding Year
1967
Phone
(907) 561-1818Principal Officer
William Stamm
Main Address
4831 EAGLE STREET, ANCHORAGE, AK, 99503
Website
www.avec.orgNTEE Category
Code: W80 - Public benefit
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