Guadalupe Valley Electric Cooperative Inc

Organization Overview

Guadalupe Valley Electric Cooperative Inc is located in Gonzales, TX. The organization was established in 2004. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2022, Guadalupe Valley Electric Cooperative Inc employed 432 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guadalupe 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 12/2022, Guadalupe Valley Electric Cooperative Inc generated $333.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $329.7m during the year ending 12/2022. While expenses have increased by 5.4% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE RELIABLE ELECTRIC & INTERNET SERVICE ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ELECTRIC DIVISION:SALE OF ELECTRIC POWER TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 95,782 ACTIVE SERVICES AT YEAR END.


INTERNET/BROADBAND SERVICE DIVISION:PROVIDING FIBER INTERNET SERVICES TO ITS MEMBERS THROUGH A COMBINATION OF WIRELESS AND FIBER-TO-THE-HOME TECHNOLOGIES. SERVICES OF THIS DIVISION WILL BE PROVIDED TO MEMBERS ON A PATRONAGE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL TO THE EXTENT OF MARGINS FOR SUCH DIVISION. FIBER AND WIRELESS INTERNET IS ALSO PROVIDED TO NON-MEMBERS ON A NON-PATRONAGE BASIS.


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Board, Officers & Key Employees

Name (title)Compensation
Gary Birdwell
Chairman
$51,542
Leo York
Director
$49,292
Henry Schmidt
Vice President
$41,192
Lewis Borgfeld
Director
$38,483
Morris Harvey
Secretary/treasurer
$35,792
Mark Roberts
Director
$30,486

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Tlt Construction Co Inc
Line Construction
$8,114,013
Lambda Construction Ltd
Line Construction
$6,620,950
Source Power Llc
Oh Construction
$5,207,681
Northstar Energy Solutions
Electric Construction
$3,533,768
Amp Utility Company Llc
Line Construction
$3,305,824
View All Vendors

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$327,990,887
Investment income $654,716
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $21,602
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $333,516,518

Grants Awarded

Over the last fiscal year, Guadalupe Valley Electric Cooperative Inc has awarded $106,000 in support to 2 organizations.

Grant RecipientAmount

TSTC FOUNDATION

PURPOSE: CONTRIBUTION FOR DEVELOPMENT OF TRADE SKILLS

$100,000

GONZALES HEALTHCARE SYSTEMS FOUNDATION

PURPOSE: 2022 CONTRIBUTION

$6,000
View Grant Profile

Peer Organizations

Organization NameAssets
United Electric Cooperative Services Inc
Burleson, TX
$362,077,068
Guadalupe Valley Electric Cooperative Inc
Gonzales, TX
$333,516,518
Heart Of Texas Electric Cooperative Inc
Mcgregor, TX
$73,385,808
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$6,348,642
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$180,725,695
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$762,578
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$276,717
Cleveland County Rural Water Users Association Inc
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$376,917
Leehammond Water Treatment Plant
Bloomfield, NM
$477,941
Hilltop Lakes Water Supply Corporation
Hilltop Lakes, TX
$540,394
Windmill Water Supply Corporation
Uvalde, TX
$439,962
Goodwill Water System Inc
Oak Grove, LA
$393,970
Belah - Fellowship Water System Inc
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$420,011
Southside Mutual Domestic Water Association
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$364,274
The Ethiopian Community Edir
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$418,073

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