Nonprofit · EIN 92-0023631
COPPER VALLEY ELECTRIC ASSOCIATION INC
Tax-exempt · GLENNALLEN, AK 99588
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $26,545,299 | $26,123,222 | $422,077 | $87,854,885 | $63,948,174 | $23,906,711 |
| December 31, 2024 | 990 | $28,503,389 | $27,121,970 | $1,381,419 | $86,458,114 | $62,427,062 | $24,031,052 |
| December 31, 2023 | 990 | $30,444,676 | $28,955,855 | $1,488,821 | $86,378,120 | $62,175,035 | $24,203,085 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $338,954
- of which government grants
- $338,954
- Program service revenue
- $25,900,495
- Investment income
- $222,725
- Net rental income
- $83,125
- Other revenue
- $83,125
Expenses
- Grants and similar amounts paid
- $86,595
- Benefits paid to members
- $103,186
- Compensation of officers, directors and key employees
- $682,369
- Other salaries and wages
- $5,430,463
- Salaries, compensation and benefits (total)
- $9,835,357
- Professional fundraising fees
- $0
- Accounting fees
- $72,514
- Depreciation
- $4,156,293
- Program services (functional)
- $23,926,903
- Management and general (functional)
- $2,196,319
Balance sheet and other
- Total assets, start of year
- $86,458,114
- Total assets, end of year
- $87,854,885
- Total liabilities, end of year
- $63,948,174
- Net assets, end of year
- $23,906,711
- Land, buildings and equipment
- $71,779,469
- Gross receipts
- $26,545,299
- Employees
- 52
- Volunteers
- 0
- Year formed
- 1955
- State of legal domicile
- AK
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAIME MATTHEWS | CEO Officer | 55 | $275,241 | $134,110 |
| DONALD MCKINZEY | COO Officer | 45 | $216,020 | $92,083 |
| TIMOTHY STRADINGER | LINE FOREMAN Highest-paid employee | 48 | $202,223 | $60,645 |
| STEVE WILLIAMS | POWER GENERATION MANAGER Highest-paid employee | 48 | $179,061 | $77,885 |
| RYAN LUITEN | LINEMAN Highest-paid employee | 52 | $194,510 | $60,523 |
| JUSTIN MONCRIEF | LINE APPRENTICE Highest-paid employee | 48 | $189,740 | $60,358 |
| ALEXANDER REED | PLANT OPERATOR Highest-paid employee | 48 | $189,736 | $60,257 |
| LON RAKE | PRESIDENT Trustee or director, Officer | 3 | $8,750 | $0 |
| ANDREW HESS | DIRECTOR Trustee or director | 3 | $8,500 | $0 |
| CATHERINE VERELINE | DIRECTOR Trustee or director | 3 | $6,750 | $0 |
| YVETTE DELAQUITO | VICE PRESIDENT Trustee or director, Officer | 3 | $5,750 | $0 |
| JANICE MASLEN | DIRECTOR Trustee or director | 3 | $5,000 | $0 |
| JEFF SAXE | DIRECTOR Trustee or director | 3 | $3,500 | $0 |
| WILL STARK | TREASURER Trustee or director, Officer | 3 | $3,500 | $0 |
| DAN STOWE | SECRETARY Trustee or director, Officer | 3 | $2,500 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAIME MATTHEWS | CEO Officer | 55 | $249,370 | $119,881 |
| DONALD MCKINZEY | COO Officer | 45 | $197,668 | $86,035 |
| TODD STAHLEY | OPERATIONS MANAGER Highest-paid employee | 3 | $165,633 | $91,292 |
| SCOTT SHIPMAN | LINE FOREMAN Highest-paid employee | 52 | $199,632 | $56,777 |
| JESS BOHN | NECA LINEMAN Highest-paid employee | 50 | $174,559 | $67,034 |
| ALEX REED | PLANT OPERATOR Highest-paid employee | 56 | $182,734 | $54,610 |
| STEVE WILLIAMS | POWER GENREATION MANAGER Highest-paid employee | 3 | $166,706 | $68,306 |
| LON RAKE | PRESIDENT Trustee or director, Officer | 3 | $7,500 | $0 |
| YVETTE DELAQUITO | VICE PRESIDENT Trustee or director, Officer | 3 | $5,500 | $0 |
| ANDREW HESS | DIRECTOR Trustee or director | 3 | $5,125 | $0 |
| DAN STOWE | SECRETARY Trustee or director, Officer | 3 | $4,000 | $0 |
| JANICE MASLEN | DIRECTOR Trustee or director | 3 | $3,000 | $0 |
| JEFF SAXE | DIRECTOR Trustee or director | 3 | $2,750 | $0 |
| WILL STARK | TREASURER Trustee or director, Officer | 3 | $2,500 | $0 |
| PAUL KILDAL | DIRECTOR Trustee or director | 3 | $1,000 | $0 |
| CATHERINE VERELINE | DIRECTOR Trustee or director | 3 | $750 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TRAVIS MILLION | PRIOR CEO Officer | 55 | $244,158 | $68,294 |
| JAIME MATTHEWS | CEO/ PRIOR CFO Officer | 55 | $209,503 | $76,724 |
| DONALD MCKINZEY | COO Officer | 45 | $202,618 | $71,423 |
| DARIN SAULS | MANAGER OF ENGINEERING Highest-paid employee | 45 | $157,276 | $63,329 |
| TODD STAHLEY | MANAGER OF OPERATIONS Highest-paid employee | 45 | $160,230 | $59,942 |
| JASON SHIELL | PLANT OPERATOR Highest-paid employee | 46 | $164,965 | $31,201 |
| DIRK WILLIAMS | LINE FOREMAN Highest-paid employee | 50 | $161,734 | $30,409 |
| ADAM HINNENKAMP | LINEMAN Highest-paid employee | 85 | $160,769 | $26,576 |
| LON RAKE | PRESIDENT Trustee or director, Officer | 3 | $6,750 | $0 |
| MARK SHORTEN | DIRECTOR Trustee or director | 3 | $5,125 | $0 |
| JANICE MASLEN | DIRECTOR Trustee or director | 3 | $4,375 | $0 |
| JEFF SAXE | DIRECTOR Trustee or director | 3 | $4,000 | $0 |
| YVETTE DELAQUITO | VICE PRESIDENT Trustee or director, Officer | 3 | $3,875 | $0 |
| DAN STOWE | SECRETARY Trustee or director, Officer | 3 | $3,750 | $0 |
| WILL STARK | TREASURER Trustee or director, Officer | 3 | $3,500 | $0 |
| ANDREW HESS | DIRECTOR Trustee or director | 3 | $2,875 | $0 |
| PAUL KILDAL | DIRECTOR Trustee or director | 3 | $2,750 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 45, GLENNALLEN, AK 99588-0045
- In care of
- % JAIME MATTHEWS
- Principal officer (990 for 2025)
- JAIME MATTHEWS, PO BOX 45, GLENNALLEN, AK 995880045
- Signed the 990
- JAIME MATTHEWS, CEO
- Phone
- (907) 822-3211
- Website
- WWW.CVEA.ORG
- Return prepared by
- KPMG LLP
Mission
TO PROVIDE EXCEPTIONAL CUSTOMER SERVICE THROUGH SAFE, RELIABLE, COST EFFECTIVE, ELECTRIC SERVICES AND PROGRAMS.
Program accomplishments
- SALE OF ELECTRICITY TO 4,057 MEMBER CONSUMERSExpenses $23,926,903 · grants $86,595 · revenue $25,900,495
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 | 990 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
- 92-0023631
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1963
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $87,854,885
- Income (IRS master file)
- $26,545,299
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $26,545,299 | $26,123,222 | $87,854,885 | XML |
| 990 | December 2024 | $28,503,389 | $27,121,970 | $86,458,114 | XML |
| 990 | December 2023 | $30,444,676 | $28,955,855 | $86,378,120 | XML |
| 990 | December 2022 | $28,124,757 | $27,236,024 | $81,153,192 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 92-0023631).
Questions about COPPER VALLEY ELECTRIC ASSOCIATION INC
- What is the EIN of COPPER VALLEY ELECTRIC ASSOCIATION INC?
- The employer identification number (EIN) of COPPER VALLEY ELECTRIC ASSOCIATION INC is 92-0023631.
- Is COPPER VALLEY ELECTRIC ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1963.
- Are donations to COPPER VALLEY ELECTRIC ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COPPER VALLEY ELECTRIC ASSOCIATION 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 COPPER VALLEY ELECTRIC ASSOCIATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COPPER VALLEY ELECTRIC ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of COPPER VALLEY ELECTRIC ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 names JAIME MATTHEWS.
- Who are the officers and directors of COPPER VALLEY ELECTRIC ASSOCIATION INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $275,241 (JAIME MATTHEWS, CEO).
- How much revenue does COPPER VALLEY ELECTRIC ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $26,545,299, expenses of $26,123,222 and total assets of $87,854,885 at year end.
Other nonprofits in GLENNALLEN
- COPPER RIVER NATIVE ASSOCIATION EIN 92-0041638 · last filed 990 for 2025
- CROSS ROAD HEALTH MINISTRIES INC EIN 92-0126047 · last filed 990 for 2025
- AHTNA INTERTRIBAL RESOURCE COMMISSION EIN 45-3221112 · last filed 990 for 2025
- COPPER VALLEY DEVELOPMENT ASSOCIATION INC EIN 92-0134864 · last filed 990 for 2025
- COPPER RIVER EMERGENCY MEDICAL SERVICES COUNCIL INC EIN 92-0102938 · last filed 990 for 2025
- JOY MEDIA MINISTRIES EIN 47-2427800 · last filed 990 for 2025
- GLENNALLEN IMPROVEMENT CORPORATION EIN 92-0113764 · last filed 990 for 2025
- COPPER VALLEY ELECTRIC ASSOCIATION COMMUNITY FOUNDATION INC EIN 38-3737079 · last filed 990-PF for 2025