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EIN 74-0758801

Magic Valley Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
323
City
Mercedes
State
Texas
Year formed
1937
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Magic Valley Electric Cooperative enhances people's lives by safely providing the most reliable and affordable electric service while keeping members' best interests in mind. They provide electric energy to their members through the allocation of patronage capital, with 144,161 active services at year-end.
Total revenues
$311,413,338
2023
20192020202120222023$0.2b$0.3b$0.3b
Total expenses
$311,236,338
2023
20192020202120222023$0.2b$0.3b$0.3b
Total assets
$636,948,801
2023
20192020202120222023$0.4b$0.6b
Num. employees
323
2023
201920202021202220230200400

Program areas at Magic Valley Electric Cooperative

Providing Electric energy to our members on a Cooperative basis through the allocation of patronage capital. There were 150,164 active services at year end.

Grants made by Magic Valley Electric Cooperative

GranteeGrant descriptionAmount
Rio Grande Valley Livestock Show2023 Sponsorship$7,500
United Way of South Texas2023 Sponsorship$5,500

Personnel at Magic Valley Electric Cooperative

NameTitleCompensation
Brian R AcostaGeneral Manager$275,075
Sonia RangelServices Division Manager
Felipe AmayaTechnical Services Division Manager / Technical Services Manager$163,212
Rene SaenzInformation Technology Manager / I.t Manager / Information Services Manager$139,634
Debbie BocanegraHuman Resources Manager
...and 4 more key personnel

Financials for Magic Valley Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$308,647,742
Investment income and dividends$749,996
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$6,000
Net gain from sale of non-inventory assets$714,884
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,294,716
Total revenues$311,413,338

Form 990s for Magic Valley Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-08990View PDF
2018-122020-01-10990View PDF
...and 9 more Form 990s

Organizations like Magic Valley Electric Cooperative

OrganizationLocationRevenue
Mid-South SynergyNavasota, TX$151,151,344
Central Texas Electric CooperativeFredericksburg, TX$81,587,002
South Central Power CompanyLancaster, OH$368,883,157
Connexus EnergyRamsey, MN$260,909,344
Southwest Louisiana Electric Membership CorporationLafayette, LA$313,037,185
Brunswick Electric Membership CorporationShallotte, NC$218,088,595
Upper Cumberland Electric Membership Corporation (UCEMC)Carthage, TN$128,247,752
First Electric Cooperative CorporationJacksonville, AR$273,232,530
Mountrail-Williams Electric CooperativeWilliston, ND$463,576,484
Cuivre River Electric CooperativeTroy, MO$150,347,337
Data update history
January 24, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 11, 2025
Used new vendors
Identified 2 new vendors, including , and
October 19, 2024
Updated personnel
Identified 4 new personnel
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
PO Box 267
Mercedes, TX 78570
Metro area
McAllen-Edinburg-Mission, TX
County
Hidalgo County, TX
Website URL
magicvalley.coop/ 
Phone
(956) 514-1200
IRS details
EIN
74-0758801
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
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
Central organization
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