Tennessee Valley Electric Coop

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 620382231 ✦ Savannah, TN ✦ Designated as a 501(c)(12)

Overview

What is Tennessee Valley Electric Coop?

Tennessee Valley Electric Coop is a nonprofit organization dedicated to delivering safe and reliable electricity to consumers at the most affordable price. According to their Form 990 filing, they prioritize ensuring the well-being and access to electricity for their customers. The cooperative's mission revolves around this commitment, as stated on line 4d of Form 990, Part III.


Official website here: www.tvec.com

Is Tennessee Valley Electric Coop legitimate?

Tennessee Valley Electric Coop is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tennessee Valley Electric Coop 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: $237,605
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,156,148

For more financial information, click here


Official website here: www.tvec.com

What is the mission statement of Tennessee Valley Electric Coop?

The Tennessee Valley Electric Coop is dedicated to delivering safe and reliable electricity to its consumer customers at the most affordable price possible. The cooperative's primary focus is on ensuring the provision of uninterrupted power to its community, prioritizing their needs and budgets. By offering dependable electrical services, Tennessee Valley Electric Coop strives to enhance the quality of life for its customers and contribute to their overall well-being. The organization's commitment to affordability and reliability is a testament to its dedication to its consumer base. Additionally, it continuously aims to improve its infrastructure and operational efficiency to maintain the lowest possible electricity costs for its customers.


Official website here: www.tvec.com

Who is the CEO of Tennessee Valley Electric Coop?

Gerald L Taylor Jr is the General Mana of Tennessee Valley Electric Coop.


Official website here: www.tvec.com

What is the revenue of Tennessee Valley Electric Coop?

Tennessee Valley Electric Coop's revenue in 2023 was $50,137,214.


Official website here: www.tvec.com

Who are the executives of Tennessee Valley Electric Coop and what are their salaries?

The average compensation at Tennessee Valley Electric Coop during 2023 was $57,380. There are 94 employees at Tennessee Valley Electric Coop.

Here are 13 key members and their salaries:

    Gerald L Taylor Jr (General Mana)
  • Compensation: $195,605
  • Related: $0
  • Other: $0

    • Patrick Mclin (Lineman)
  • Compensation: $122,102
  • Related: $0
  • Other: $0

    • Grady E Berry (District Ope)
  • Compensation: $116,369
  • Related: $0
  • Other: $0

    • Tracy Martin (Lineman)
  • Compensation: $113,695
  • Related: $0
  • Other: $0

    • Don Doran (Operating Su)
  • Compensation: $111,034
  • Related: $0
  • Other: $0

    • Harold Gipson (Lineman)
  • Compensation: $108,680
  • Related: $0
  • Other: $0

    • William Howard (Director)
  • Compensation: $8,500
  • Related: $0
  • Other: $0

    • Ronald Franks (President) [Trustee/Director]
  • Compensation: $7,250
  • Related: $0
  • Other: $0

    • Kevin Robertson (Director)
  • Compensation: $6,750
  • Related: $0
  • Other: $0

    • Paul Jaggars (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0

    • Richard Lacher (Second Vice) [Trustee/Director]
  • Compensation: $5,250
  • Related: $0
  • Other: $0

    • Terry Weaver (First Vice P) [Trustee/Director]
  • Compensation: $4,750
  • Related: $0
  • Other: $0

    • Haskel Jerrolds (Secretary/Tr) [Trustee/Director]
  • Compensation: $3,500
  • Related: $0
  • Other: $0


  • Official website here: www.tvec.com

    Where can I find the form 990 for Tennessee Valley Electric Coop?

    The Tennessee Valley Electric Coop’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.tvec.com

    Learn more at the official website: www.tvec.com

    Mission Statement of Tennessee Valley Electric Coop

    Tennessee Valley Electric Coop, a nonprofit organization, is dedicated to delivering safe and reliable electric power to its consumer customers at the most affordable price. The cooperative's primary mission is to ensure the community's access to uninterrupted electricity, maintaining a standard of excellence in power delivery. By focusing on cost efficiency, Tennessee Valley Electric Coop passes on significant savings to its customers, making it an essential provider of essential energy services. Through its commitment to affordability, the cooperative enhances the quality of life for its consumers, powering their homes and businesses with dependable electricity.

    Impact

    This information is meant to be a general summary of Tennessee Valley Electric Coop. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Tennessee Valley Electric Coop's impact lies in providing our consumer customers with safe, reliable electricity at the lowest possible price. Our mission is centered around ensuring that our consumers have access to affordable and dependable electricity, contributing to their well-being and economic stability. By delivering on our commitment to providing excellent service and cost-effective electricity, we make a significant difference in the lives of the communities we serve.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $532,280
  • Program Service Revenue: $49,604,934
  • Gross Receipts: $50,137,214

    • Assets and Liabilities:
  • Total Assets: $72,776,537
  • Total Liabilities: $17,883,805
  • Net Assets: $54,892,732
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SALES OF ELECTRIC ENERGY

    Revenue

    $48,425,145

    POWER POLE FEES

    Revenue

    $680,422

    MISC. SERVICE REVENUE

    Revenue

    $276,134

    FORFEITED DISCOUNTS

    Revenue

    $186,434

    MISCELLANEOUS REVENUE

    Revenue

    $26,987

    Organization Details

    Founding Year

    1939

    Principal Officer

    Gerald L Taylor Jr

    Main Address

    PO BOX 400, SAVANNAH, TN, 38372

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Tennessee Valley Electric Coop and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.