Nonprofit · EIN 85-0027414
CENTRAL VALLEY ELECTRIC COOPERATIVE INC
Tax-exempt · ARTESIA, NM 88211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $75,043,858 | $74,907,128 | $136,730 | $227,897,273 | $101,972,002 | $125,925,271 |
| December 31, 2023 | 990 | $72,029,196 | $71,836,785 | $192,411 | $223,211,520 | $98,729,317 | $124,482,203 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $74,576,358
- Investment income
- $431,828
- Net gain from sales of assets
- $35,568
- Other revenue
- $35,672
Expenses
- Grants and similar amounts paid
- $7,015
- Benefits paid to members
- $4,166,770
- Compensation of officers, directors and key employees
- $1,086,231
- Other salaries and wages
- $5,107,923
- Salaries, compensation and benefits (total)
- $8,476,157
- Professional fundraising fees
- $0
- Depreciation
- $6,564,986
Balance sheet and other
- Total assets, start of year
- $223,211,520
- Total assets, end of year
- $227,897,273
- Total liabilities, end of year
- $101,972,002
- Net assets, end of year
- $125,925,271
- Land, buildings and equipment
- $175,077,754
- Gross receipts
- $75,103,569
- Employees
- 91
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- NM
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 |
|---|---|---|---|---|
| CHARLES PINSON JR | GENERAL MANAGER & EXECUTIVE VP Officer | 41.6 | $286,160 | $229,002 |
| MICHAEL ANDERSON | MGR OF FINANCE & ADMINISTRATION Officer | 40.3 | $184,174 | $159,913 |
| AARON HORNER | LINE SUPERINTENDENT Highest-paid employee | 40.7 | $144,414 | $94,775 |
| WADE NELSON | MGR OF DISTRIBUTION ENGINE Highest-paid employee | 43.7 | $151,382 | $79,864 |
| PHILIP MCKEE | MGR OF OPERATIONS ENGINEERING Highest-paid employee | 41.7 | $164,527 | $56,816 |
| NICHOLAS DALEY | SERVICEMAN Highest-paid employee | 45.6 | $129,526 | $40,813 |
| JARAD GEORGE | SERVICEMAN Highest-paid employee | 43.6 | $120,157 | $41,928 |
| CHARLES WAGNER | PRESIDENT Trustee or director, Officer | 8.7 | $37,743 | $0 |
| RUSTY GWYNNE | TRUSTEE Trustee or director | 9.2 | $33,372 | $0 |
| WESLEY PILLEY | SECRETARY/TREASURER Trustee or director, Officer | 7.6 | $32,803 | $0 |
| MICHAEL BENNETT | VICE PRESIDENT Trustee or director, Officer | 7.7 | $32,368 | $0 |
| STEVE SPENCE | TRUSTEE Trustee or director | 7.1 | $32,262 | $0 |
| JASON CIEMPA | TRUSTEE Trustee or director | 6 | $31,839 | $0 |
| LARRY BENEDICT | TRUSTEE Trustee or director | 7.6 | $26,595 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLES PINSON JR | GENERAL MANAGER & EXECUTIVE VP Officer | 41.6 | $263,021 | $207,377 |
| MICHAEL ANDERSON | MGR OF FINANCE & ADMINISTRATION Officer | 40.3 | $179,806 | $144,722 |
| AARON HORNER | LINE SUPERINTENDENT Highest-paid employee | 40.7 | $129,852 | $103,504 |
| WADE NELSON | MGR OF DISTRIBUTION ENGINEERING Highest-paid employee | 43.3 | $147,320 | $74,494 |
| PHILIP MCKEE | MGR OF OPERATIONS ENGINEERING Highest-paid employee | 40 | $158,139 | $56,541 |
| NICHOLAS DALEY | SERVICEMAN Highest-paid employee | 44.8 | $122,914 | $39,737 |
| LUKE DAVIS | SERVICEMAN Highest-paid employee | 44 | $122,764 | $37,686 |
| MICHAEL BENNETT | VICE PRESIDENT Trustee or director, Officer | 7.9 | $33,268 | $0 |
| CHARLES WAGNER | PRESIDENT Trustee or director, Officer | 7.9 | $32,828 | $0 |
| RUSTY GWYNNE | TRUSTEE Trustee or director | 9.2 | $32,280 | $0 |
| STEVE SPENCE | TRUSTEE Trustee or director | 6 | $31,142 | $0 |
| WESLEY PILLEY | SECRETARY/TREASURER Trustee or director, Officer | 6.1 | $30,547 | $0 |
| JASON CIEMPA | TRUSTEE Trustee or director | 4.9 | $30,118 | $0 |
| LARRY BENEDICT | TRUSTEE Trustee or director | 7.7 | $25,876 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 230, ARTESIA, NM 88211-0230
- Principal officer (990 for 2024)
- WADE NELSON, PO BOX 230, ARTESIA, NM 88211
- Signed the 990
- WADE NELSON, EXECUTIVE VP/CEO
- Phone
- (575) 746-3571
- Website
- WWW.CVECOOP.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
CENTRAL VALLEY ELECTRIC IS A MEMBER-FOCUSED ELECTRIC COOPERATIVE DEDICATED TO PERSONALIZED QUALITY SERVICE FOR ITS MEMBERS AND THE ECONOMIC VITALITY OF OUR COMMUNITY.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 15,268 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 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
- 85-0027414
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1953
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $227,897,273
- Income (IRS master file)
- $75,103,569
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $75,043,858 | $74,907,128 | $227,897,273 | IRS |
| 990 | December 2023 | $72,029,196 | $71,836,785 | $223,211,520 | XML |
| 990 | December 2022 | $89,450,287 | $89,438,287 | $225,823,114 | 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 85-0027414).
Questions about CENTRAL VALLEY ELECTRIC COOPERATIVE INC
- What is the EIN of CENTRAL VALLEY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of CENTRAL VALLEY ELECTRIC COOPERATIVE INC is 85-0027414.
- Is CENTRAL VALLEY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1953.
- Are donations to CENTRAL VALLEY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CENTRAL 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 CENTRAL 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 CENTRAL 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 CENTRAL VALLEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names WADE NELSON.
- Who are the officers and directors of CENTRAL VALLEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 14 received compensation from the organization, the highest $286,160 (CHARLES PINSON JR, GENERAL MANAGER & EXECUTIVE VP).
- How much revenue does CENTRAL VALLEY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $75,043,858, expenses of $74,907,128 and total assets of $227,897,273 at year end.
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