Guadalupe Valley Electric Cooperative Inc
- Assets
- $883.6m
- Revenue
- $305.2m
- Investments
- $0.0
- Employees
- 432
- Location
- Gonzales, TX
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 74-3023938
Organization Overview
Guadalupe Valley Electric Cooperative Inc is located in Gonzales, TX. The organization was established in 2004. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Guadalupe Valley Electric Cooperative Inc employed 432 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guadalupe 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, Guadalupe Valley Electric Cooperative Inc generated $305.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $304.3m during the year ending 12/2021. While expenses have increased by 5.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELIABLE ELECTRIC & INTERNET SERVICE ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTRIC DIVISION:SALE OF ELECTRIC POWER TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 91,762 ACTIVE SERVICES AT YEAR END.
INTERNET/BROADBAND SERVICE DIVISION:PROVIDING FIBER INTERNET SERVICES TO ITS MEMBERS THROUGH A COMBINATION OF WIRELESS AND FIBER-TO-THE-HOME TECHNOLOGIES. SERVICES OF THIS DIVISION WILL BE PROVIDED TO MEMBERS ON A PATRONAGE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL TO THE EXTENT OF MARGINS FOR SUCH DIVISION. FIBER AND WIRELESS INTERNET IS ALSO PROVIDED TO NON-MEMBERS ON A NON-PATRONAGE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren Schauer Gm/ceo | Officer | 60 | $738,474 |
Sean Alvarez COO | Officer | 50 | $449,261 |
Gary Korn CFO | Officer | 48 | $327,193 |
Robert Russell Exec Engineer - Communication Tech | 50 | $224,448 | |
Ceason Barnick Sr Exec Mgr - Customer Relations | Officer | 50 | $222,591 |
Robert Christmas Sr Exec Mgr - Compliance | 55 | $219,478 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amp Utility Company Llc Line Construction | 12/30/21 | $2,671,537 |
Source Power Llc Oh Construction | 12/30/21 | $2,907,077 |
Power Engineers Inc Line Design | 12/30/21 | $1,965,495 |
Lambda Construction Ltd Line Construction | 12/30/21 | $5,747,354 |
Tlt Construction Co Inc Line Construction | 12/30/21 | $6,397,242 |
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 | $297,387,081 |
| Investment income | $445,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,138 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,173,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,827 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $23,810,501 |
| Compensation of current officers, directors, key employees. | $2,595,699 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,890,393 |
| Pension plan accruals and contributions | $1,735,496 |
| Other employee benefits | $3,010,437 |
| Payroll taxes | $1,444,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,777,838 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,639,477 |
| Insurance | $0 |
| All other expenses | $7,586,699 |
| Total functional expenses | $304,311,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,257,449 |
| Savings and temporary cash investments | $271,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,522,060 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,621,252 |
| Inventories for sale or use | $127,058 |
| Prepaid expenses and deferred charges | $186,139,832 |
| Net Land, buildings, and equipment | $627,548,771 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $15,163,505 |
| Intangible assets | $3,219,789 |
| Other assets | $9,733,918 |
| Total assets | $883,605,194 |
| Accounts payable and accrued expenses | $31,736,695 |
| Grants payable | $0 |
| Deferred revenue | $220,865 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $51,456 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $462,597,681 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,509,179 |
| Total liabilities | $518,115,876 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,870,816 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $361,618,502 |
| Total liabilities and net assets/fund balances | $883,605,194 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guadalupe Valley Electric Cooperative Inc Gonzales, TX | $883,605,194 | $305,173,096 |
United Electric Cooperative Services Inc Burleson, TX | $643,753,281 | $247,306,541 |
Brazos Sandy Creek Electric Cooperative Inc Houston, TX | $476,133,566 | $90,167,263 |
Heart Of Texas Electric Cooperative Inc Mcgregor, TX | $108,808,693 | $50,473,996 |
Orangefield Water Supply Corporation Orangefield, TX | $25,738,476 | $3,318,279 |
Creedmoor-Maha Water Supply Co-Op Inc Buda, TX | $19,735,495 | $4,359,702 |
Blackland Water Supply Corp Fate, TX | $4,691,303 | $2,323,752 |
Elmo Water Supply Corporation Elmo, TX | $2,119,290 | $882,080 |
Brushy Creek Water Supply Corp Montalba, TX | $2,997,097 | $1,042,438 |
Better Waterworks Inc Swartz, LA | $3,539,567 | $485,708 |
Eastern Cass Water Supply Corporation Bivins, TX | $4,445,285 | $567,658 |
Usfon Inc Lockhart, TX | $1,205,491 | $731,967 |