Coosa Valley Electric Cooperative Inc

Organization Overview

Coosa Valley Electric Cooperative Inc is located in Talladega, AL. The organization was established in 1944. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Coosa Valley Electric Cooperative Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coosa Valley Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Coosa Valley Electric Cooperative Inc generated $42.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $42.7m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COOSA VALLEY ELECTRIC COOPERATIVE IS A MEMBER OWNED AND OPERATED TOTAL ENERGY COOPERATIVE PROVIDING ECONOMIC AND COMMUNITY DEVELOPMENT WHILE DELIVERING HIGH QUALITY SERVICES AT COMPETITIVE RATES WITH COMPETENT AND WELL-TRAINED EMPLOYEES ADHERING TO STRONG AND ETHICAL BUSINESS PRACTICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

COOSA VALLEY ELECTRIC COOPERATIVE IS A MEMBER-OWNED DISTRIBUTION COOPERATIVE WHICH PROVIDES ELECTRIC SERVICE TO APPROXIMATELY 13,942 MEMBERS LOCATED IN ALABAMA.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$42,123,557
Investment income $25,578
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $476,352
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $42,681,564

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