Golden Valley Electric Association Inc

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

EIN: 920014712 ✦ Fairbanks, AK ✦ Designated as a 501(c)(12)

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

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 not tax deductible.

Here 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):

    John Burns (President & Ceo)
  • Compensation: $381,092
  • Related: $0
  • Other: $147,295

    • Sarah J Rixie (Cfo)
  • Compensation: $222,117
  • Related: $0
  • Other: $94,279

    • Peter Sarauer (Power Systems Manager)
  • Compensation: $205,164
  • Related: $0
  • Other: $100,900

    • Ian Olesen (Lineman Journeymen)
  • Compensation: $215,742
  • Related: $0
  • Other: $74,111

    • Benjamin Porter (Lineman Journeyman)
  • Compensation: $215,195
  • Related: $0
  • Other: $73,291

    • Marc Dugas (Lineman Journeyman)
  • Compensation: $207,862
  • Related: $0
  • Other: $72,562

    • Joseph Waggoner (Lineman Journeyman)
  • Compensation: $207,752
  • Related: $0
  • Other: $72,008

    • Christopher Forrest (Director Of Power Supply)
  • Compensation: $180,689
  • Related: $0
  • Other: $86,751

    • Daniel Bishop (Director Of Engineering Svcs)
  • Compensation: $212,668
  • Related: $0
  • Other: $46,748

    • Abbigail Dillard (Director Of Member Services)
  • Compensation: $176,510
  • Related: $0
  • Other: $80,007

    • Naomi Morton Knight - Former (Environmental Officer)
  • Compensation: $160,854
  • Related: $0
  • Other: $83,197

    • Reagan Russell (Director Of Human Resources)
  • Compensation: $156,932
  • Related: $0
  • Other: $79,449

    • Nathaniel Minnema (Director Of Operations)
  • Compensation: $152,772
  • Related: $0
  • Other: $75,552

    • Joshua Davis - Terminated (Director Of Operations)
  • Compensation: $144,127
  • Related: $0
  • Other: $59,130

    • Frank Perkins - Terminated (Vp Of Power Supply)
  • Compensation: $155,233
  • Related: $0
  • Other: $46,604

    • Shannon Telling (Director Of Information Tech.)
  • Compensation: $167,352
  • Related: $0
  • Other: $30,549

    • Ronald E Woolf - Terminated (Cfo)
  • Compensation: $58,575
  • Related: $0
  • Other: $8,230

    • Gary C Newman (Secretary) [Trustee/Director]
  • Compensation: $29,075
  • Related: $0
  • Other: $0

    • Thomas P Delong (Chairman) [Trustee/Director]
  • Compensation: $23,275
  • Related: $0
  • Other: $0

    • Richard J Solie Jr (Director)
  • Compensation: $22,700
  • Related: $0
  • Other: $0

    • David Pelunis-Messier (Treasurer) [Trustee/Director]
  • Compensation: $21,400
  • Related: $0
  • Other: $0

    • Todd M Adams (Director)
  • Compensation: $17,775
  • Related: $0
  • Other: $0

    • Christopher M Bunch (Director)
  • Compensation: $14,300
  • Related: $0
  • Other: $0

    • John K Sloan (Vice Chairman) [Trustee/Director]
  • Compensation: $9,450
  • Related: $0
  • Other: $0

    • Fredrick W Sheen (Director)
  • 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?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Golden Valley Electric Association Inc's impact lies in providing member-owners in Fairbanks, AK with reliable electric service, quality customer service, and innovative energy solutions. By fulfilling its mission of ensuring economic, environmental, and social viability of communities through safe and reliable electricity provision, the Cooperative plays a crucial role in supporting the daily lives and overall well-being of its members.





    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 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
  • 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

    Principal Officer

    John J Burns

    Main Address

    758 Illinois St, Fairbanks, AK, 99707

    NTEE Category

    Code: W80 - Public benefit

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