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
NTEE code, primary
Description
Concho Valley Electric Cooperative dedicates itself to improving its member's lifestyle and the economic environment of its service area by providing safe, reliable electric service at the lowest practical cost. It achieves this mission by providing electric power sales to members on a cooperative basis through the allocation of patronage capital. At year end, there were 15,514 active services.
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.

Who funds Concho Valley Electric Cooperative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Cooperative Finance Corporation (CFC)Integrity Fund-Threatens Existence Under the Cooperative Business Model$150,000

Personnel at Concho Valley Electric Cooperative

NameTitleCompensation
Kelly LankfordExecutive Vice President and Chief Executive Officer$279,853
David WatsonDirector of Office Services$128,862
Dustin BrownManager of Engineering and Operations / Director of Engineering and Operations / Manager of Engineering$152,412
Jonathan CutrerDirector of Information Technology$126,859
Isai GarciaManager of Finance and Accounting
...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

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Egyptian Electric Cooperative AssociationMurphysboro, IL$46,695,240
Midland Power CooperativeBoone, IA$57,765,405
Carteret-Craven Electric CooperativeNewport, NC$72,417,120
Runestone Electric AssociationAlexandria, MN$32,966,732
Darke Rural Electric CooperativeGreenville, OH$18,787,119
Coahoma Electric Power AssociationLyon, MS$22,058,190
Jo-Carroll EnergyElizabeth, IL$66,042,694
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
No issues found
Characteristics
State / local level
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
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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