Central Valley Electric Cooperative Inc

Central Valley Electric Cooperative Inc Overview

Central Valley Electric Cooperative Inc is located in Artesia, NM. The organization was established in 1953. 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 12/2019, Central Valley Electric Cooperative Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central 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 12/2019, Central Valley Electric Cooperative Inc generated $60.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $60.4m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

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 ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 15,355 ACTIVE SERVICES AT YEAR END.


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Central Valley Electric Cooperative Inc Board, Officers & Key Employees

Central Valley Electric Cooperative Inc Vendors

Vendor Name (Service)Compensation
Arc Power-line Construction
Construction Contractor
$1,547,354
Ddgrid Llc
Construction Contractor
$780,892
Deans Inc
Construction Contractor
$1,801,910
Sgs Engineering Llc
Consulting Engineers
$196,135
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$59,090,334
Investment income $1,391,954
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,000
Net Gain/Loss on Asset Sales $26,333
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $60,542,915

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