Valley Rural Electric Cooperative Inc

Organization Overview

Valley Rural Electric Cooperative Inc is located in Huntingdon, PA. The organization was established in 1940. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Valley Rural Electric Cooperative Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley Rural Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Valley Rural Electric Cooperative Inc generated $22.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $18.1m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DISTRIBUTION OF ELECTRICITY TO MEMBERS/OWNERS IN RURAL AREAS OF PA ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DISTRIBUTION OF ELECTRICITY TO MEMBERS/OWNERS IN RURAL AREAS OF PA ON A COOPERATIVE BASIS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ayers Line Construction
Line Construction
$177,201
B&l Tree Service
Right Of Way Maintenance
$871,052
Penn Line Services Inc
Right Of Way Maintenance
$1,182,997
Osmose Utility Services
Pole Inspections
$132,148
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $49,350
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $864,414
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $18,144,655
Miscellaneous Revenue$0
Total Revenue $22,053,014

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