Nonprofit · EIN 83-0129756
LOWER VALLEY ENERGY INC
Tax-exempt · AFTON, WY 83110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $80,234,390 | $73,909,980 | $6,324,410 | $318,743,205 | $200,194,931 | $118,548,274 |
| December 31, 2023 | 990 | $77,896,056 | $73,112,349 | $4,783,707 | $325,927,439 | $214,881,730 | $111,045,709 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $79,570,837
- Investment income
- $567,579
- Other revenue
- $95,974
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $2,187,138
- Compensation of officers, directors and key employees
- $1,101,033
- Other salaries and wages
- $8,810,723
- Salaries, compensation and benefits (total)
- $14,206,664
- Professional fundraising fees
- $0
- Legal fees
- $90,342
- Accounting fees
- $48,570
- Depreciation
- $7,483,404
Balance sheet and other
- Total assets, start of year
- $325,927,439
- Total assets, end of year
- $318,743,205
- Total liabilities, end of year
- $200,194,931
- Net assets, end of year
- $118,548,274
- Land, buildings and equipment
- $142,562,783
- Gross receipts
- $80,234,390
- Employees
- 98
- Year formed
- 1936
- State of legal domicile
- WY
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 |
|---|---|---|---|---|
| James R Webb | PresidentChief Executive Officer Officer | 50 | $440,280 | $53,886 |
| Richard Knori | Director of Engineering Highest-paid employee | 50 | $274,506 | $44,631 |
| Craig Coles | Director of Gas Operations Highest-paid employee | 50 | $190,924 | $90,820 |
| Mallory Winters | Electric Foreman Highest-paid employee | 50 | $186,984 | $87,370 |
| Jon Hougland | Staff Assistant Officer | 50 | $196,285 | $49,303 |
| Preston Conte | Journeyman Lineman Highest-paid employee | 50 | $167,720 | $74,986 |
| Larry Bowlin | Foreman Highest-paid employee | 50 | $165,727 | $50,719 |
| Anna Helm | Finance Manager Officer | 50 | $123,170 | $74,986 |
| Ray Elser | SecretaryTreasurerDirector Trustee or director, Officer | 10 | $29,775 | $0 |
| Nancy Winters | Director Trustee or director | 5 | $24,500 | $0 |
| Max Moran | Director Trustee or director | 5 | $24,350 | $0 |
| Bob McLaurin | Director Trustee or director | 5 | $23,900 | $0 |
| Dan Dockstader | ChairmanDirector Trustee or director, Officer | 10 | $21,200 | $0 |
| Fred Brog | Director Trustee or director | 5 | $21,100 | $0 |
| Ted Ladd | Vice-ChairDirector Trustee or director, Officer | 5 | $18,300 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| James R Webb | PresidentChief Executive Off Officer | 50 | $477,767 |
| Richard Knori | Director of Engineering Highest-paid employee | 50 | $307,003 |
| Mallory Winters | Electric Foreman Highest-paid employee | 50 | $262,019 |
| Craig Coles | Director of Gas Operations Highest-paid employee | 50 | $252,749 |
| Jon Hougland | Staff Assistant Highest-paid employee | 50 | $231,805 |
| Kyle Thurston | Lineman Highest-paid employee | 50 | $218,229 |
| Larry Bowlin | Foreman Highest-paid employee | 50 | $214,774 |
| Anna Helm | Finance Manager Officer | 50 | $186,747 |
| Ray Elser | SecretaryTreasurerDirector Trustee or director, Officer | 10 | $23,825 |
| Bob McLaurin | Director Trustee or director | 4 | $17,950 |
| Ted Ladd | Vice-ChairDirector Trustee or director, Officer | 5 | $17,100 |
| Fred Brog | Director Trustee or director | 5 | $16,500 |
| Nancy Winters | Director Trustee or director | 4 | $15,800 |
| Dan Dockstader | ChairmanDirector Trustee or director, Officer | 10 | $14,500 |
| Scott Anderson | Director Former | 3 | $13,250 |
| Max Moran | Director Trustee or director | 5 | $6,250 |
Address and contacts
- Address (IRS master file)
- PO BOX 188, AFTON, WY 83110-0188
- In care of
- % LOWER VALLEY ENERGY INC
- Principal officer (990 for 2024)
- James R Webb, PO Box 188, Afton, WY 83110
- Signed the 990
- JAMES R WEBB, PresidentChief Executive Officer
- Phone
- (307) 885-3175
- Website
- www.lvenergy.com
- Return prepared by
- MADDAD Accounting and Tax Services
Mission
The organization provides electricity and natural gas to rural members on a not-for-profit cooperative basis.
Program accomplishments
- During the year, the cooperative provided electricity and natural gas utility service to its members.Expenses $73,909,980 · revenue $80,234,390
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
- 83-0129756
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1937
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $318,743,205
- Income (IRS master file)
- $80,234,390
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $80,234,390 | $73,909,980 | $318,743,205 | XML |
| 990 | December 2023 | $77,896,056 | $73,112,349 | $325,927,439 | XML |
| 990 | December 2022 | $77,408,969 | $70,618,350 | $308,120,188 | 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 83-0129756).
Questions about LOWER VALLEY ENERGY INC
- What is the EIN of LOWER VALLEY ENERGY INC?
- The employer identification number (EIN) of LOWER VALLEY ENERGY INC is 83-0129756.
- Is LOWER VALLEY ENERGY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1937.
- Are donations to LOWER VALLEY ENERGY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LOWER VALLEY ENERGY 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 LOWER VALLEY ENERGY 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 LOWER VALLEY ENERGY 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 LOWER VALLEY ENERGY INC?
- The 990 for the year ended December 31, 2024 names James R Webb.
- Who are the officers and directors of LOWER VALLEY ENERGY INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $440,280 (James R Webb, PresidentChief Executive Officer).
- How much revenue does LOWER VALLEY ENERGY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $80,234,390, expenses of $73,909,980 and total assets of $318,743,205 at year end.
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