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Nonprofit · EIN 54-0346923

NORTHERN VIRGINIA ELECTRIC CO-OP

Tax-exempt · MANASSAS, VA 20109

Financials

$875.4M$858.8M2023$907M$882.2M2024
Revenue Expenses · by fiscal year end
Financials of NORTHERN VIRGINIA ELECTRIC CO-OP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$907,031,155$882,172,109$24,859,046$1,526,017,248$645,133,888$880,883,360
December 31, 2023990$875,409,915$858,829,865$16,580,050$1,386,742,429$542,184,202$844,558,227
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$887,403,035
Investment income
$16,891,289
Other revenue
$2,736,831

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$15,892,839
Compensation of officers, directors and key employees
$3,716,635
Other salaries and wages
$24,972,669
Salaries, compensation and benefits (total)
$31,695,418
Professional fundraising fees
$0
Legal fees
$1,616,882
Accounting fees
$249,084
Occupancy
$318,690
Travel
$251,975
Depreciation
$37,590,369

Balance sheet and other

Total assets, start of year
$1,386,742,429
Total assets, end of year
$1,526,017,248
Total liabilities, end of year
$645,133,888
Net assets, end of year
$880,883,360
Land, buildings and equipment
$873,629,389
Gross receipts
$907,031,155
Employees
406
Volunteers
0
Year formed
1983
State of legal domicile
VA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
David SchleicherPresident and CEO
Officer
42$805,090$85,216
Wilbur RollinsSr VP Finance
Officer
42$433,984$120,840
Patrick ToulmeVP and Corporate Counsel
Officer
42$416,382$137,099
Arnold SingletonVP Engineering
Officer
42$415,036$87,295
Thomas Pierpoint JrVP Operations
Officer
42$430,066$65,524
Gilbert JaramilloVP
Officer
42$364,737$122,494
Joyce JohnsonVP Human Resources
Officer
42$324,828$86,538
Lisa HookerVP Public Relations
Officer
42$334,901$59,772
Daniel SwingleVP Electric System Operations
Officer
42$273,013$94,653
John RaineyManager Special Projects
Key employee
42$237,595$84,200
James SirmonsTechnician
Highest-paid employee
42$232,358$54,541
Kyle R SarvisLead Line Technician
Highest-paid employee
73$219,256$66,721
Howard SpinnerManager Regulatory and Rates
Key employee
42$214,140$69,976
Michael HudakService Technician
Highest-paid employee
68$215,620$63,665
Gerald GardnerLead Line Technician
Highest-paid employee
80$224,414$42,081
10 more people on this return
NameTitleHours / weekCompensationOther / benefits
Heather V AndersonManager System Engineering
Highest-paid employee
42$223,223$41,087
Grove Walter RPast Director
Former
0$51,000$1,680
Michael E RaganSecretary
Trustee or director
1.23$42,331$6,131
Cynthia GilbrideTreasurer
Trustee or director
1.04$42,095$5,895
James ChesleyVice Chairman
Trustee or director
1.35$42,021$5,821
Wade C HouseChairman
Trustee or director
1.27$41,970$5,770
Brent GeorgeDirector
Trustee or director
0.92$41,795$4,395
Mark BrunoDirector
Trustee or director
0.92$41,795$4,395
Cleil W Albrite JrDirector
Trustee or director
0.92$41,795$4,395
Middleton EdithPast Director's Wife
Former
0$16,166$1,260
990 for the year ended December 31, 2023: 27 people
NameTitleHours / weekCompensationOther / benefits
Schleicher DavidPresident & CEO
Officer
40$789,905$29,175
Toulme PatrickVice President & Corporate Counsel
Officer
40$376,287$120,375
Rollins WilburSenior Vice President - Finance & Accounting
Officer
40$354,027$105,115
Arnold SingletonVice President - Engineering
Officer
40$343,045$57,180
Thomas Pierpoint JrVice President - Operations
Officer
40$357,399$34,268
Jaramillo GilbertVice President - Power Supply
Officer
40$279,362$77,398
Swingle DanielVice President - Electric System Operations
Officer
40$244,934$86,111
Dailey MichaelVice President - Energy Bus Development
Officer
40$253,588$69,682
Hooker LisaVice President - Communications
Officer
40$267,767$34,358
Rainey JohnDir - Origination and Plant Ops
Key employee
40$216,715$78,216
Spinner HowardManager - Regulatory & Rates
Key employee
40$199,600$60,303
Crouch Curt RManager Civil Engineering, Land Mgmt & Permitting
Highest-paid employee
40$189,879$46,915
Williams Benjamin BLead Line Technician
Highest-paid employee
68$188,997$39,424
Hartung Paul JManager - Substation & Telecom
Highest-paid employee
40$178,595$45,727
Joyce JohnsonVice President - Human Resources
Officer
40$195,199$24,861
Robert Studds JrLine Technician, 1st Class
Highest-paid employee
75$188,623$28,938
Krovi Sai SProgram and PMO Manager
Highest-paid employee
40$188,831$22,295
Bisson RobertVice President - Electric System Development
Officer
40$96,963$9,388
Ragan Michael ESecretary
Trustee or director
1.04$40,200$5,998
Gilbride CynthiaTreasurer
Trustee or director
1.35$40,200$5,760
Chesley JamesVice Chairperson
Trustee or director
1.36$40,200$5,687
House Wade CChairman
Trustee or director
1.23$40,200$5,638
George BrentDirector
Trustee or director
5.09$41,400$4,389
Albrite Jr Cleil WDirector
Trustee or director
0.92$41,400$4,389
Bruno MarkDirector
Trustee or director
4.36$41,400$1,760
Middleton EdithPast Director's Wife
Former
0$15,483$1,260
Grove Walter RPast Director
Former
0$12,000$1,680

Address and contacts

Address (IRS master file)
10323 LOMOND DR, MANASSAS, VA 20109-3113
In care of
% KRISTEN SENECHAL
Principal officer (990 for 2024)
David Schleicher, PO Box 2710, Manassas, VA 201080875
Signed the 990
Wilbur Rollins, Sr. VP of Finance
Phone
(703) 335-0500

Mission

Creating value for its members, employees and communities by providing safe, reliable electricity and quality products at competitive prices. Distribution of Electricity (182,074 Meters/Customers)

990 for the year ended December 31, 2024

Program accomplishments

  • Provide affordable service to its 182,074 members with 99.99% average system reliability rate. NOVEC returned to its member-owners $15.9M in patronage capital; connected 1,837 meters and completed $140M in net new construction during the fiscal year.
    Expenses $882,172,109 · revenue $887,403,034

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
54-0346923
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1945
Accounting year ends
December
Files
Form 990 or 990-EZ

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$907,031,155$882,172,109$1,526,017,248IRS
990December 2023$875,409,915$858,829,865$1,386,742,429XML
990December 2022$998,080,039$986,247,208$1,247,676,031IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-0346923).

Questions about NORTHERN VIRGINIA ELECTRIC CO-OP

What is the EIN of NORTHERN VIRGINIA ELECTRIC CO-OP?
The employer identification number (EIN) of NORTHERN VIRGINIA ELECTRIC CO-OP is 54-0346923.
Is NORTHERN VIRGINIA ELECTRIC CO-OP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1945.
Are donations to NORTHERN VIRGINIA ELECTRIC CO-OP tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NORTHERN VIRGINIA ELECTRIC CO-OP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NORTHERN VIRGINIA ELECTRIC CO-OP due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NORTHERN VIRGINIA ELECTRIC CO-OP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NORTHERN VIRGINIA ELECTRIC CO-OP?
The 990 for the year ended December 31, 2024 names David Schleicher.
Who are the officers and directors of NORTHERN VIRGINIA ELECTRIC CO-OP?
The 990 for the year ended December 31, 2024 lists 25 people; 25 received compensation from the organization, the highest $805,090 (David Schleicher, President and CEO).
How much revenue does NORTHERN VIRGINIA ELECTRIC CO-OP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $907,031,155, expenses of $882,172,109 and total assets of $1,526,017,248 at year end.

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