Overview
What is Powell Valley Electric Cooperative?
Powell Valley Electric Cooperative is a nonprofit electric utility based in New Tazewell, Tennessee. The cooperative's primary objective is to distribute TVA-generated power to its members. Moreover, it offers various programs funded by the Rural Utilities Service (RUS) in addition to its core services.
Official website here: www.pve.coop
Is Powell Valley Electric Cooperative legitimate?
Powell Valley Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Powell Valley Electric Cooperative 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $191,666
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,108,575
For more financial information, click here
Official website here: www.pve.coop
What is the mission statement of Powell Valley Electric Cooperative?
Powell Valley Electric Cooperative is dedicated to the distribution of electricity generated by TVA. As an electric cooperative, its primary goal is to bring power to its community. In addition to power distribution, the cooperative also provides various RUS programs to its members. These programs aim to assist and support the cooperative's efforts in providing reliable and affordable electricity. The cooperative's mission is to ensure a consistent power supply to its customers, enhancing their quality of life. By partnering with TVA, Powell Valley Electric Cooperative is able to deliver a steady flow of electricity to its members, ultimately contributing to the development and growth of the community it serves.
Official website here: www.pve.coop
Who is the CEO of Powell Valley Electric Cooperative?
Brad Coppock is the Board Director of Powell Valley Electric Cooperative.
Official website here: www.pve.coop
What is the revenue of Powell Valley Electric Cooperative?
Powell Valley Electric Cooperative's revenue in 2023 was $78,219,772.
Official website here: www.pve.coop
Who are the executives of Powell Valley Electric Cooperative and what are their salaries?
The average compensation at Powell Valley Electric Cooperative during 2023 was $75,907. There are 83 employees at Powell Valley Electric Cooperative.
Here are 15 key members and their salaries:
- Ronnie L Williams (Area Supervisor)
- Michael Coppock (General Manager)
- Charles S Goodin (Assistant General Manager)
- Bobby D Johnson (First Class Lineman)
- Travis Tolliver (Director Of Operations)
- Tracy Odom (First Class Lineman)
- Bill Surber (Board Director)
- Tracey Sharp (Board Director)
- David T Kindle (Board Vice President) [Trustee/Director]
- Judy Robertson (Board Secretary/Treasurer) [Trustee/Director]
- Michael Shockley (Board Director)
- Lena Short (Board Director)
- J Allen Parkey (Board Director)
- Gary L Russell (Board Director)
- Roger A Ball (Board President) [Trustee/Director]
Official website here: www.pve.coop
Where can I find the form 990 for Powell Valley Electric Cooperative?
The Powell Valley Electric Cooperative’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.pve.coop
Learn more at the official website: www.pve.coop
Mission Statement of Powell Valley Electric Cooperative
Powell Valley Electric Cooperative, based in Tennessee, is dedicated to the distribution of TVA-generated power. This nonprofit organization plays a crucial role in bringing electricity to various communities, making life more convenient and connected for its members.
The mission of Powell Valley Electric Cooperative goes beyond the mere transmission of power. It extends to offering a range of RUS programs as part of its services. These programs aim to ensure that electricity is accessible to a broader population and contribute to the betterment of the communities it serves.
Powell Valley Electric Cooperative's commitment to its members is evident in its mission to distribute TVA-generated power. As an electric cooperative, it prioritizes its members' needs and works to provide them with reliable and consistent electricity. Furthermore, the RUS programs it offers help to make electricity more affordable and accessible to those who may not be able to afford it otherwise. This commitment to its members and the communities it serves is a testament to Powell Valley Electric Cooperative's dedication to improving the quality of life for its customers.
Impact
This information is meant to be a general summary of Powell Valley Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Powell Valley Electric Cooperative's impact is significant in providing reliable electricity distribution services to the community in New Tazewell, TN. By distributing TVA-generated power, this cooperative ensures that residents have access to a crucial resource for their daily living and economic activities. Additionally, by offering various RUS programs, Powell Valley Electric Cooperative plays a role in promoting rural development and improving the quality of life for its members. Their services contribute to the overall well-being and prosperity of the region they serve.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SALES REVENUE
Revenue
$70,399,496
MISCEALLANEOUS ELECTRIC REVENUE
Revenue
$2,889,126
FIBER BUILDOUT
Revenue
$2,676,832
Organization Details
Founding Year
1940
Phone
(423) 626-0703
Principal Officer
Brad Coppock
Main Address
PO BOX 1528, NEW TAZEWELL, TN, 37824
Website
www.pve.coop
NTEE Category
Code: W80 - Public benefit
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