Nonprofit · EIN 74-3023938
GUADALUPE VALLEY ELECTRIC COOPERATIVE INC
Tax-exempt · GONZALES, TX 78629
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $336,835,943 | $336,773,776 | $62,167 | $1,069,952,586 | $630,483,842 | $439,468,744 |
| December 31, 2023 | 990 | $344,406,938 | $344,506,781 | -$99,843 | $1,019,194,887 | $597,680,433 | $421,514,454 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $327,841,525
- Investment income
- $1,717,293
- Net gain from sales of assets
- $98,631
- Other revenue
- $7,277,125
Expenses
- Grants and similar amounts paid
- $50,440
- Benefits paid to members
- $23,503,569
- Compensation of officers, directors and key employees
- $4,061,497
- Other salaries and wages
- $22,627,309
- Salaries, compensation and benefits (total)
- $34,250,581
- Professional fundraising fees
- $0
- Depreciation
- $40,946,483
Balance sheet and other
- Total assets, start of year
- $1,019,194,887
- Total assets, end of year
- $1,069,952,586
- Total liabilities, end of year
- $630,483,842
- Net assets, end of year
- $439,468,744
- Land, buildings and equipment
- $801,358,838
- Gross unrelated business income
- $12,998,552
- Gross receipts
- $336,867,062
- Employees
- 481
- Volunteers
- 0
- Year formed
- 1938
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARREN SCHAUER | GM/CEO Officer | 60 | $959,698 | $68,867 |
| SEAN ALVAREZ | COO Officer | 50 | $516,719 | $68,233 |
| GARY KORN | CFO Officer | 48 | $386,289 | $60,310 |
| ASHLEY COBURN | CPO Officer | 45 | $327,073 | $66,017 |
| KRISTA DAVIS | SR EXEC MGR - MARKETING/BTM Key employee | 50 | $265,253 | $58,196 |
| CEASON BARNICK | SR EXEC MGR - CUSTOMER REL Key employee | 45 | $254,801 | $58,374 |
| ROBERT RUSSELL | EXEC ENGINEERING OF COMM TECHNOLOGY Highest-paid employee | 47 | $264,940 | $38,945 |
| JEFF STRAHL | NETWORK ENGINEERING MGR Highest-paid employee | 45 | $238,331 | $57,177 |
| WILLIAM NICHOLS | EXEC MGR - POWER SUPPLY/IT Key employee | 50 | $236,232 | $51,343 |
| ZACHARY TAYLOR | EXEC MGR - ENGINEERING Highest-paid employee | 40 | $220,192 | $50,643 |
| RICHARD MCKINNEY | EXEC MGR - OPERATIONS Highest-paid employee | 48 | $203,741 | $46,997 |
| MICHELLE SCARBROUGH | SR EXEC MGR - KEY ACCOUNTS Key employee | 45 | $197,733 | $30,726 |
| ETHAN WALPOLE | JOURNEYMAN LINEMAN Highest-paid employee | 54.5 | $175,209 | $44,573 |
| GARY BIRDWELL | PRESIDENT Trustee or director, Officer | 15 | $54,475 | $0 |
| LEWIS BORGFELD | DIRECTOR Trustee or director | 8.3 | $51,766 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LEO YORK | DIRECTOR Trustee or director | 9.1 | $51,041 |
| MORRIS HARVEY | SECRETARY/TREASURER Trustee or director, Officer | 8.6 | $42,491 |
| HENRY SCHMIDT | VICE PRESIDENT Trustee or director, Officer | 8.6 | $39,341 |
| MARK ROBERTS | DIRECTOR Trustee or director | 7 | $38,440 |
| ROBERT WERNER | DIRECTOR Trustee or director | 6 | $37,991 |
| SHAWN MARTINEZ | DIRECTOR Trustee or director | 5 | $36,583 |
| DON WILLIAMS | DIRECTOR Trustee or director | 6 | $33,935 |
| MELVIN STREY | DIRECTOR Trustee or director | 10 | $29,086 |
| WARREN SEIDEL | DIRECTOR (JULY-DEC) Trustee or director | 10 | $23,443 |
| DAVID WARZECHA | DIRECTOR Trustee or director | 5 | $17,041 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DARREN SCHAUER | GM/CEO Officer | 60 | $806,814 | $64,479 |
| SEAN ALVAREZ | COO Officer | 50 | $505,555 | $62,967 |
| GARY KORN | CFO Officer | 48 | $351,166 | $55,907 |
| ASHLEY COBURN | CPO Officer | 45 | $288,502 | $58,257 |
| CEASON BARNICK | SR EXEC MGR - CUSTOMER RELATIONS Key employee | 45 | $245,795 | $53,058 |
| JEFFREY STRAHL | EXEC MGR - INFORMATION TECHNOLOGY Highest-paid employee | 55 | $239,735 | $54,025 |
| ROBERT RUSSELL | EXEC ENGINEER - COMMUNICATION TECHNOLOGY Highest-paid employee | 50 | $256,376 | $36,869 |
| KRISTA DAVIS | SR EXEC MGR - MARKETING Key employee | 50 | $235,377 | $51,913 |
| ROBERT CHRISTMAS | SR EXEC MGR - COMPLIANCE Key employee | 55 | $235,603 | $47,461 |
| WILLIAM NICHOLS | EXEC MGR - POWER SUPPLY Highest-paid employee | 50 | $221,681 | $46,896 |
| ZACHARY TAYLOR | EXEC MGR - ENGINEERING Highest-paid employee | 50 | $208,696 | $46,534 |
| RICHARD MCKINNEY | EXEC MGR - OPERATIONS Highest-paid employee | 48 | $194,908 | $42,710 |
| GARY BIRDWELL | PRESIDENT Trustee or director, Officer | 10 | $53,106 | $0 |
| LEO YORK | DIRECTOR Trustee or director | 7.8 | $47,706 | $0 |
| LEWIS BORGFELD | DIRECTOR Trustee or director | 8.3 | $42,297 | $0 |
| MORRIS HARVEY | SECRETARY/TREASURER Trustee or director, Officer | 7.4 | $39,156 | $0 |
| HENRY SCHMIDT | VICE PRESIDENT Trustee or director, Officer | 9 | $39,156 | $0 |
| MARK ROBERTS | DIRECTOR Trustee or director | 6.5 | $35,922 | $0 |
| SHAWN MARTINEZ | DIRECTOR Trustee or director | 5 | $34,802 | $0 |
| DON WILLIAMS | DIRECTOR Trustee or director | 6.3 | $33,750 | $0 |
| ROBERT WERNER | DIRECTOR Trustee or director | 5 | $30,156 | $0 |
| MELVIN STREY | DIRECTOR Trustee or director | 10 | $29,458 | $0 |
| DAVID WARZECHA | DIRECTOR Trustee or director | 4.4 | $25,197 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 118, GONZALES, TX 78629-0118
- In care of
- % GUADALUPE VALLEY ELECTRIC COOPERA
- Principal officer (990 for 2024)
- DARREN SCHAUER, PO BOX 118, GONZALES, TX 78629
- Signed the 990
- GARY KORN, CFO
- Phone
- (830) 857-1200
- Website
- WWW.GVEC.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
BUILDING ON OUR HERITAGE AND HAVING CONFIDENCE IN THE FUTURE, GUADALUPE VALLEY ELECTRIC COOPERATIVE IS A TEAM OF PROFESSIONALS COMMITTED TO EXCEEDING EXPECTATIONS BY IDENTIFYING AND INVESTING IN PRODUCTS & SERVICES THAT EMPOWER THE PEOPLE AND COMMUNITIES WE SERVE.
Program accomplishments
- ELECTRIC DIVISION:SALE OF ELECTRIC POWER TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 103,781 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.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-3023938
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y22)
- Assets (IRS master file)
- $1,069,952,586
- Income (IRS master file)
- $336,867,062
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $336,835,943 | $336,773,776 | $1,069,952,586 | IRS |
| 990 | December 2023 | $344,406,938 | $344,506,781 | $1,019,194,887 | XML |
| 990 | December 2022 | $333,516,518 | $329,697,006 | $960,046,886 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 74-3023938).
Questions about GUADALUPE VALLEY ELECTRIC COOPERATIVE INC
- What is the EIN of GUADALUPE VALLEY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of GUADALUPE VALLEY ELECTRIC COOPERATIVE INC is 74-3023938.
- Is GUADALUPE VALLEY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2004.
- Are donations to GUADALUPE VALLEY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GUADALUPE 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 GUADALUPE 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 GUADALUPE 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 GUADALUPE VALLEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names DARREN SCHAUER.
- Who are the officers and directors of GUADALUPE VALLEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 25 received compensation from the organization, the highest $959,698 (DARREN SCHAUER, GM/CEO).
- How much revenue does GUADALUPE VALLEY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $336,835,943, expenses of $336,773,776 and total assets of $1,069,952,586 at year end.
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