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EIN 54-0346923

Northern Virginia Electric Co-Op (NOVEC)

IRS 501(c) type
501(c)(12)
Num. employees
350
City
Manassas
State
Virginia
Year formed
1983
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Northern Virginia Electric Co-Op's mission is to create value for its members, employees and communities by providing safe, reliable electricity and quality products at competitive prices. It distributes electricity to approximately 177,383 meters/customers with a 99.99% average system reliability rate. In addition, NOVEC returned $6.7M in patronage capital to its member-owners, connected 1,731 meters and completed $34M in net new construction during the fiscal year.
Total revenues
$875,409,915
2023
Total expenses
$858,829,865
2023
Total assets
$1,386,742,429
2023
Num. employees
350
2023

Program areas at NOVEC

Provide affordable service to its 180,323 members with 99.99% average system reliability rate. NOVEC returned to its member-owners $11.3M in patronage capital; connected 1,526 meters and completed $46M in net new construction during the fiscal year.

Personnel at NOVEC

NameTitleCompensation
Feuerberg Stanley CPresident and Chief Executive Officer$907,254
Schleicher DavidPresident and Chief Executive Officer / Vice President - Administration Substations Telecom$594,360
Wilbur RollinsSenior Vice President of Finance
Hooker LisaVice President - Public Relations$188,639
Whyte Kevin MDirector System Engineering$172,002
...and 17 more key personnel

Financials for NOVEC

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$864,007,865
Investment income and dividends$8,353,906
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
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$0
Miscellaneous revenues$3,048,144
Total revenues$875,409,915

Form 990s for NOVEC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-08990View PDF
2022-122023-11-06990View PDF
2021-122022-11-09990View PDF
2020-122021-11-05990View PDF
2018-122020-01-03990View PDF
...and 9 more Form 990s

Organizations like NOVEC

OrganizationLocationRevenue
Old Dominion Electric CooperativeGlen Allen, VA$1,091,559,152
Sumter Electric CooperativeSumterville, FL$482,988,385
Coserv ElectricCorinth, TX$780,794,954
McKenzie Electric CooperativeWatford City, ND$441,740,325
East River Electric Power CooperativeMadison, SD$356,938,059
Warren Rural Electric Cooperative CorporationBowling Green, KY$244,265,812
Volunteer Energy CooperativeDecatur, TN$282,124,718
PNGC Power (PNGC)Clackamas, OR$223,116,302
Golden Spread Electric CooperativeAmarillo, TX$772,338,275
South Texas Electric CooperativeNursery, TX$688,786,888
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 2 new personnel
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Used new vendors
Identified 1 new vendor, including
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
Political advocacyState / local levelReceives government funding
General information
Address
PO Box 2710
Manassas, VA 20108
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Manassas city, VA
Website URL
novec.com/ 
Phone
(703) 335-0500
IRS details
EIN
54-0346923
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1983
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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