EIN 54-0377465

Shenandoah Valley Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
261
Year formed
1936
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Shenandoah Valley Electric Cooperative ensures the safe and effective distribution of electricity to its members. Three of its largest program expenses include cost of power at $180,537,126, depreciation expense at $19,030,385, and other salaries and wages at $21,502,153.
Total revenues
$293,135,758
2023
Total expenses
$288,336,265
2023
Total assets
$614,582,746
2023
Num. employees
261
2023

Program areas at Shenandoah Valley Electric Cooperative

Provide reliable and safe Electric service at the best possible value within our communities, consistent with sound management and Cooperative principles. The three largest program services as measured by expenses were as follows: cost of power 199,582,842 other salaries and wages 23,530,647 depreciation expense 20,220,265

Who funds Shenandoah Valley Electric Cooperative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
United Way of Greater Richmond and PetersburgDonor Directs Funds(designations) for Energy Share$83,373

Personnel at Shenandoah Valley Electric Cooperative

NameTitleCompensation
Gregory S RogersPresident and Chief Executive Officer$566,072
Jason BurchVice President of Engineering and Operations and Chief Operations Officer$211,815
J. Michael AulgurSenior Vice President and Chief Financial and Strategy Officer
William E ReesVice President Operations$183,598
Tracy McBrideVice President of Finance and Accounting$180,869
...and 10 more key personnel

Financials for Shenandoah Valley Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$287,977,406
Investment income and dividends$3,300,977
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,545,928
Net gain from sale of non-inventory assets$311,447
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$293,135,758

Form 990s for Shenandoah Valley Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-22990View PDF
2022-122023-11-03990View PDF
2021-122022-11-14990View PDF
2020-122021-11-09990View PDF
2019-122021-06-25990View PDF
...and 10 more Form 990s

Organizations like Shenandoah Valley Electric Cooperative

OrganizationLocationRevenue
Warren Rural Electric Cooperative CorporationBowling Green, KY$244,265,812
Jones-Onslow Electric Membership Corporation (JOEMC)Jacksonville, NC$159,869,087
Sequachee Valley Electric CooperativeSouth Pittsburg, TN$112,585,937
Coserv ElectricCorinth, TX$780,794,954
Georgia Transmission CorporationTucker, GA$419,312,319
East Kentucky Power CooperativeWinchester, KY$1,127,394,084
Vermont Electric CooperativeJohnson, VT$100,257,337
Farmers Electric CooperativeGreenville, TX$205,067,907
Guadalupe Valley Electric CooperativeGonzales, TX$344,406,938
Duck River Electric Membership CorporationShelbyville, TN$235,445,434
Data update history
December 7, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 27, 2024
Updated personnel
Identified 2 new personnel
November 27, 2024
Used new vendors
Identified 1 new vendor, including
September 24, 2024
Updated personnel
Identified 3 new personnel
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $83,373 from United Way of Greater Richmond and Petersburg
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
Receives government funding
General information
Address
180 Oakwood Dr
Rockingham, VA 22801
Metro area
Harrisonburg, VA
County
Rockingham County, VA
Website URL
svec.coop/ 
Phone
(540) 434-2200
IRS details
EIN
54-0377465
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
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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