Navasota Valley Electric Cooperative Inc

Organization Overview

Navasota Valley Electric Cooperative Inc is located in Franklin, TX. The organization was established in 1943. 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, Navasota Valley Electric Cooperative Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Navasota Valley 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, Navasota Valley Electric Cooperative Inc generated $44.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $44.1m 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

TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ELECTRIC POWER TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 20,678 ACTIVE SERVICES AT YEAR END.


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Board, Officers & Key Employees

Name (title)Compensation
Steve Jones
General Manager
$154,805
Jack Hancock
Line Supervisor
$115,525
Charlie Carrigan
Director
$9,787
Jeff Gonzales
President
$9,287
Ken Elliott
Secretary/treasurer
$9,287
Craig Dunlap
Director
$7,787

Outside Vendors & Contractors

Vendor Name (Service)Compensation
S&h Power Line
Line Construction
$1,523,126
Johnny Coulter Dba Jcs Tree Service
Tree Trimming
$796,668
Row Line Construction
Tree Trimming
$575,182
Cold Creek Construction
Tree Trimming
$579,308
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$44,080,693
Investment income $33,028
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$13,198
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $44,111,524

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