Overview
What is Magic Valley Electric Cooperative Inc?
Magic Valley Electric Cooperative Inc, based in Mercedes, Texas, is a nonprofit organization dedicated to delivering electric energy to its members on a cooperative basis. With 144,161 active services at year end, the cooperative aims to provide quality and reliable electric service, enhancing people's lives by safely offering the most affordable electric service. They prioritize their members' interests, employing a workforce of 308 individuals to ensure the most reliable power supply.
Official website here: www.magicvalley.coop
Is Magic Valley Electric Cooperative Inc legitimate?
Magic Valley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Magic Valley 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,020,528
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,151,499
For more financial information, click here
Official website here: www.magicvalley.coop
What is the mission statement of Magic Valley Electric Cooperative Inc?
Magic Valley Electric Cooperative Inc is dedicated to delivering quality and reliable electric service to its cooperative members. The organization goes beyond just providing energy, aiming to enhance people's lives by ensuring the most reliable and affordable electric service possible. By keeping the best interests of its members in mind, Magic Valley Electric Cooperative Inc strives for excellence in electricity supply. The cooperative's operations extend beyond electricity provision, as it also redistributes patronage capital to its members. In serving over 144,000 active services, Magic Valley Electric Cooperative Inc prioritizes the well-being of its community, ensuring a cooperative spirit in its electricity delivery.
Official website here: www.magicvalley.coop
Who is the CEO of Magic Valley Electric Cooperative Inc?
Brian R Acosta is the President (Jan-Nov) of Magic Valley Electric Cooperative Inc.
Official website here: www.magicvalley.coop
What is the revenue of Magic Valley Electric Cooperative Inc?
Magic Valley Electric Cooperative Inc's revenue in 2022 was $320,139,415.
Official website here: www.magicvalley.coop
Who are the executives of Magic Valley Electric Cooperative Inc and what are their salaries?
The average compensation at Magic Valley Electric Cooperative Inc during 2022 was $42,766. There are 308 employees at Magic Valley Electric Cooperative Inc.
Here are 15 key members and their salaries:
- Brian Acosta (General Manager)
- Felipe Amaya (Technical Services Manager)
- Abraham Quiroga (Central Division Manager)
- Juan Sanchez (Lineman A/Operations Superintendent)
- Dane Hocott (Services Division Manager)
- Eleno Torres Jr (Lineman A)
- Domitilo Cantu (Eastern Division Manager)
- Sonia Salazar-Rangel (Services Division Manager)
- Rolando Alaniz (Asst Secretary/Treasurer) [Trustee/Director]
- Barbara S Miller (President) [Trustee/Director]
- Frank Ferris (Asst Secretary/Treasurer) [Trustee/Director]
- Reynaldo Lopez (Vice President) [Trustee/Director]
- Adrienne Pena-Garza (Director)
- Martin Garcia (President (Jan-Nov)) [Trustee/Director]
- Douglas Martin (Secretary/Treasurer) [Trustee/Director]
Official website here: www.magicvalley.coop
Where can I find the form 990 for Magic Valley Electric Cooperative Inc?
The Magic Valley Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.magicvalley.coop
Learn more at the official website: www.magicvalley.coop
Mission Statement of Magic Valley Electric Cooperative Inc
Magic Valley Electric Cooperative Inc, a cooperative dedicated to its members, aims to enhance their lives by safely providing the most reliable and affordable electric service. The cooperative's mission is centered around putting its members' best interests first. By providing electric energy on a cooperative basis through the allocation of patronage capital, Magic Valley Electric Cooperative Inc ensures a consistent and high-quality electric service.
The cooperative's commitment to its members extends beyond just electricity. Its priority lies in ensuring the safety of the electric service it provides. By maintaining a strong focus on safety, Magic Valley Electric Cooperative Inc instills confidence in its members, allowing them to rely on the power they receive from the cooperative. The cooperative's reliability is evident in its 144,161 active services at the end of the year, a testament to the trust and confidence its members place in the organization.
Impact
This information is meant to be a general summary of Magic Valley Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Magic Valley Electric Cooperative Inc's impact is significant in providing quality and reliable electric service to its members. With 144,161 active services at year-end, the cooperative plays a crucial role in ensuring that people have access to essential electric energy on a cooperative basis. By prioritizing the best interests of its members, Magic Valley Electric Cooperative Inc enhances people's lives by safely delivering the most reliable and affordable electric service. This not only contributes to the well-being of individuals and households but also supports overall community development and sustainability.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$298,782,222
PATRONAGE DIVIDENDS
Revenue
$13,140,659
SERVICE FEES
Revenue
$6,677,283
OTHER PROGRAM REVENUE
Revenue
$32,340
Organization Details
Founding Year
1937
Phone
(956) 514-1200
Principal Officer
Brian R Acosta
Main Address
PO BOX 267, MERCEDES, TX, 785700267
Website
www.magicvalley.coop
NTEE Category
Code: W80 - Public benefit
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