EIN 75-0204684

Concho Valley Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
87
State
Year formed
1940
Most recent tax filings
2022-12-01
Description
Concho Valley Electric Cooperative provides reliable electricity, builds a fiber-optic internet network, and offers renewable energy solutions while engaging the community through educational initiatives.
Total revenues
$52,841,209
2022
Total expenses
$52,841,209
2022
Total assets
$144,391,966
2022
Num. employees
87
2022

Program areas at Concho Valley Electric Cooperative

Electric division:sales of Electric power to members on a Cooperative basis through the allocation of patronage capital. There were 15,832 active services at year end.
Broadband division:sales of fiber based broadband internet services to members on a Cooperative basis. When cumulative net margins derived from member sales of broadband internet services exceed cumulative net losses from such sales, the Cooperative will allocate patronage capital to the member subscribers of this division. There were 196 broadband subscribers at year end.

Personnel at Concho Valley Electric Cooperative

NameTitleCompensation
Kelly LankfordExecutive Vice President and Chief Executive Officer$279,853
Dave WatsonDirector of Finance and Office Services
David WatsonDirector of Office Services$128,862
Dustin BrownDirector of Engineering and Operations$152,412
Jonathan CutrerDirector of Information Technology$126,859
...and 11 more key personnel

Financials for Concho Valley Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$52,673,757
Investment income and dividends$47,482
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$30,266
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$23,729
Miscellaneous revenues$65,975
Total revenues$52,841,209

Form 990s for Concho Valley Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-15990View PDF
2018-122019-12-27990View PDF
2017-122019-02-21990View PDF
...and 8 more Form 990s

Organizations like Concho Valley Electric Cooperative

OrganizationLocationRevenue
Deaf Smith Electric CooperativeHereford, TX$86,716,385
Shelby Energy CooperativeShelbyville, KY$53,500,392
Barc Electric CooperativeMillboro, VA$38,312,606
Swisher Electric CooperativeTulia, TX$25,409,868
Jackson Energy CooperativeMckee, KY$123,029,209
Southwest Electric CooperativeBolivar, MO$70,745,586
West Oregon Electric CooperativeVernonia, OR$15,106,488
SouthEastern Illinois Electric CoopCarrier Mills, IL$88,029,423
Lighthouse Electric CooperativeFloydada, TX$36,666,400
Choctaw Electric CooperativeHugo, OK$62,989,544
Data update history
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 28, 2023
Updated personnel
Identified 3 new personnel
December 24, 2023
Used new vendors
Identified 2 new vendors, including , and
November 27, 2023
Received grants
Identified 1 new grant, including a grant for $150,000 from Cooperative Finance Corporation (CFC)
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
Education
Characteristics
No characteristics found
General information
Address
PO Box 3388
San Angelo, TX 76902
Metro area
San Angelo, TX
County
Tom Green County, TX
Website URL
cvec.coop/ 
Phone
(325) 655-6957
IRS details
EIN
75-0204684
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1940
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W50: Telephone, Telegraph, and Telecommunications Services
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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