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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
Total expenses
$311,236,338
2023
Total assets
$636,948,801
2023
Num. employees
323
2023

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$266,192
Sonia RangelServices Division Manager
Felipe AmayaTechnical Services Division Manager / Technical Services Manager$163,212
Debbie BocanegraHuman Resources Manager
Abraham QuirogaCentral Division Manager$156,327
...and 14 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
Northcentral Electric CooperativeOlive Branch, MS$142,343,736
North Carolina Electric Membership CorporationRaleigh, NC$1,171,919,581
Coserv ElectricCorinth, TX$780,794,954
Kenergy CorporationHenderson, KY$347,286,846
Farmers Electric CooperativeGreenville, TX$223,821,354
N. W. Electric Power CooperativeCameron, MO$113,398,837
Dakota Electric AssociationFarmington, MN$231,566,305
Guadalupe Valley Electric CooperativeGonzales, TX$333,516,518
Hilco Electric CooperativeItasca, TX$102,294,188
Sequachee Valley Electric CooperativeSouth Pittsburg, TN$112,585,937
Data update history
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
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
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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