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Nonprofit · EIN 74-0866703

NAVASOTA VALLEY ELECTRIC COOPERATIVE INC

Tax-exempt · FRANKLIN, TX 77856

Financials

$61M$63.6M2023$58.9M$59.6M2024
Revenue Expenses · by fiscal year end
Financials of NAVASOTA VALLEY ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$58,873,627$59,579,660-$706,033$114,558,372$30,411,934$84,146,438
December 31, 2023990$61,012,125$63,565,647-$2,553,522$108,980,268$24,047,828$84,932,440
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$58,826,730
Investment income
$29,560
Other revenue
$17,337

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$328,030
Other salaries and wages
$3,970,726
Salaries, compensation and benefits (total)
$6,747,111
Professional fundraising fees
$0
Depreciation
$3,215,138

Balance sheet and other

Total assets, start of year
$108,980,268
Total assets, end of year
$114,558,372
Total liabilities, end of year
$30,411,934
Net assets, end of year
$84,146,438
Land, buildings and equipment
$80,101,097
Gross receipts
$58,873,627
Employees
73
Volunteers
0
Year formed
1941
State of legal domicile
TX

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
STEVE JONESGENERAL MANAGER
Officer
43$160,586$51,813
JACK HANCOCKLINE SUPERVISOR
Highest-paid employee
40$124,155$69,592
RUSSELL CARROLLLINEMAN
Highest-paid employee
40$111,441$57,494
FERNANDO JACKSONLINEMAN
Highest-paid employee
40$123,082$28,757
BRIAN RODGERSLINEMAN
Highest-paid employee
40$115,579$23,676
AARON WEGSCHEIDLINEMAN
Highest-paid employee
40$122,468$12,067
TERRANCE SMITHERMANPRESIDENT
Trustee or director, Officer
5$16,326$0
GRANVILLE DAWSONDIRECTOR
Trustee or director
4.5$16,318$0
JAMES MATTHEWSDIRECTOR
Trustee or director
4.2$15,318$0
MICHAEL AUTREYSECRETARY/TREASURER
Trustee or director, Officer
2.9$12,826$0
CHARLIE CARRIGANDIRECTOR
Trustee or director
5$11,318$0
CRAIG DUNLAPVICE CHAIRMAN
Trustee or director, Officer
3.4$11,318$0
BENNIE KIRVEN JAN-OCTDIRECTOR
Trustee or director
2.4$11,122$0
JEFF GONZALES JAN-OCTDIRECTOR
Trustee or director
2.2$8,765$0
KENNETH ELLIOTT JAN-OCTDIRECTOR
Trustee or director
1.8$6,712$0
2 more people on this return
NameTitleHours / weekCompensation
CALEB TRUAX NOV-DECDIRECTOR
Trustee or director
1.1$4,054
CRAIG CHAMPION NOV-DECDIRECTOR
Trustee or director
1.6$1,554
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensationOther / benefits
STEVE JONESGENERAL MANAGER
Officer
41.5$159,420$37,283
JACK HANCOCKLINE SUPERVISOR
Highest-paid employee
40$120,312$50,855
FERNANDO JACKSONLINEMAN
Highest-paid employee
40$134,745$19,165
JEFF HRNCIRLINEMAN
Highest-paid employee
40$121,021$23,074
DARRYL MCCORMICKLINEMAN
Highest-paid employee
40$110,564$27,295
PIOQUINTO STEARNSLINEMAN
Highest-paid employee
40$121,679$9,845
GRANVILLE DAWSONDIRECTOR
Trustee or director
4.7$17,303$0
JEFF GONZALESPRESIDENT
Trustee or director, Officer
3.9$14,303$0
CHARLIE CARRIGANDIRECTOR
Trustee or director
3.7$14,303$0
CRAIG DUNLAPSECRETARY
Trustee or director, Officer
3.5$12,803$0
KENNETH ELLIOTT JAN-OCTSECRETARY/TREASURER
Trustee or director, Officer
2.6$12,778$0
BENNIE KIRVENDIRECTOR
Trustee or director
3$12,172$0
JERRY HUBBARD JAN-OCTDIRECTOR
Trustee or director
2.1$10,172$0
JERRY ROBERTSON JAN-OCTVICE PRESIDENT
Trustee or director, Officer
2$9,212$0
JAMES MATTHEWS NOV-DECDIRECTOR
Trustee or director
0.9$2,500$0
KEITH NICKELSON JAN-APRILDIRECTOR
Trustee or director
2.8$2,500$0
MICHAL AUTRY NOV-DECDIRECTOR
Trustee or director
1.3$1,500$0
TERRANCE SMITHERMAN NOV-DECDIRECTOR
Trustee or director
2.8$0$0
WILL SMITH MAY-DECDIRECTOR
Trustee or director
1.6$0$0

Address and contacts

Address (IRS master file)
PO BOX 848, FRANKLIN, TX 77856-0848
Principal officer (990 for 2024)
STEVE JONES, PO BOX 848, FRANKLIN, TX 778560848
Signed the 990
STEVE JONES, GENERAL MANAGER
Phone
(979) 828-3232
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

Mission

OUR MISSION IS TO PROVIDE SAFE, RELIABLE, COMPETITIVELY PRICED ELECTRIC AND RELATED SERVICES TO OUR MEMBERS/CONSUMERS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING ELECTRIC POWER TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 21,508 ACTIVE SERVICES AT YEAR END.

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
74-0866703
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1943
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$114,558,372
Income (IRS master file)
$58,873,627

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$58,873,627$59,579,660$114,558,372XML
990December 2023$61,012,125$63,565,647$108,980,268XML
990December 2022$60,586,411$60,586,411$109,425,993IRS
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 74-0866703).

Questions about NAVASOTA VALLEY ELECTRIC COOPERATIVE INC

What is the EIN of NAVASOTA VALLEY ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of NAVASOTA VALLEY ELECTRIC COOPERATIVE INC is 74-0866703.
Is NAVASOTA VALLEY ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
Are donations to NAVASOTA VALLEY ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NAVASOTA VALLEY ELECTRIC COOPERATIVE INC 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 NAVASOTA VALLEY ELECTRIC COOPERATIVE INC 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 NAVASOTA VALLEY ELECTRIC COOPERATIVE INC 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 NAVASOTA VALLEY ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names STEVE JONES.
Who are the officers and directors of NAVASOTA VALLEY ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 17 people; 17 received compensation from the organization, the highest $160,586 (STEVE JONES, GENERAL MANAGER).
How much revenue does NAVASOTA VALLEY ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $58,873,627, expenses of $59,579,660 and total assets of $114,558,372 at year end.

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