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Employer Identification Number 74-0758801

MAGIC VALLEY ELECTRIC COOPERATIVE INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MAGIC VALLEY ELECTRIC COOPERATIVE INC
Employer identification number (EIN):74-0758801
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:221100
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
Number of Employees302
Number of Volunteers0
Year Formed1937

Organization Governance

Legal DomicileTX
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 318,632,504
Program Service Revenue from current yearUSD $ 308,647,742
Investment Income from prior yearUSD $ 343,113
Investment Income from current yearUSD $ 1,464,880
Other Revenue from prior yearUSD $ 1,163,798
Other Revenue from current yearUSD $ 1,300,716
Gross receipts from all sourcesUSD $ 311,413,338
Net assets / fund balances at end of fiscal yearUSD $ 332,914,758
Net assets / fund balances at beginning of fiscal yearUSD $ 310,807,974
Total liabilities at end of fiscal yearUSD $ 304,034,043
Total liabilities at beginning of fiscal yearUSD $ 273,946,705
Total assets at end of fiscal yearUSD $ 636,948,801
Total assets at beginning of fiscal yearUSD $ 584,754,679
Revenues less expenses for current yearUSD $ 177,000
Revenues less expenses for previous yearUSD $ 27,000
Total expenses for current yearUSD $ 311,236,338
Total expenses for previous yearUSD $ 320,112,415
Other expenses in current yearUSD $ 264,502,678
Other expenses in previous yearUSD $ 281,852,032
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 19,391,262
Employee salary and benefits paid in previous yearUSD $ 18,898,614
Benefits paid to or for members in current yearUSD $ 27,252,448
Benefits paid to or for members in previous yearUSD $ 19,242,621
Grants and similar amounts paid in current yearUSD $ 89,950
Grants and similar amounts paid in previous yearUSD $ 119,148
Total revenue in current fiscal yearUSD $ 311,413,338
Total revenue in previous fiscal yearUSD $ 320,139,415
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,294,716
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 262,147,543
Program Service Revenue from current yearUSD $ 318,632,504
Investment Income from prior yearUSD $ 131,830
Investment Income from current yearUSD $ 343,113
Other Revenue from prior yearUSD $ 4,479,149
Other Revenue from current yearUSD $ 1,163,798
Gross receipts from all sourcesUSD $ 320,140,719
Net assets / fund balances at end of fiscal yearUSD $ 310,807,974
Net assets / fund balances at beginning of fiscal yearUSD $ 297,109,822
Total liabilities at end of fiscal yearUSD $ 273,946,705
Total liabilities at beginning of fiscal yearUSD $ 245,048,727
Total assets at end of fiscal yearUSD $ 584,754,679
Total assets at beginning of fiscal yearUSD $ 542,158,549
Revenues less expenses for current yearUSD $ 27,000
Revenues less expenses for previous yearUSD $ 37,000
Total expenses for current yearUSD $ 320,112,415
Total expenses for previous yearUSD $ 266,721,522
Other expenses in current yearUSD $ 281,852,032
Other expenses in previous yearUSD $ 232,740,598
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 18,898,614
Employee salary and benefits paid in previous yearUSD $ 18,599,932
Benefits paid to or for members in current yearUSD $ 19,242,621
Benefits paid to or for members in previous yearUSD $ 15,373,492
Grants and similar amounts paid in current yearUSD $ 119,148
Grants and similar amounts paid in previous yearUSD $ 7,500
Total revenue in current fiscal yearUSD $ 320,139,415
Total revenue in previous fiscal yearUSD $ 266,758,522
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,157,798
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 239,833,211
Program Service Revenue from current yearUSD $ 262,147,543
Investment Income from prior yearUSD $ 125,922
Investment Income from current yearUSD $ 131,830
Other Revenue from prior yearUSD $ 954,730
Other Revenue from current yearUSD $ 4,479,149
Gross receipts from all sourcesUSD $ 266,758,522
Net assets / fund balances at end of fiscal yearUSD $ 297,109,822
Net assets / fund balances at beginning of fiscal yearUSD $ 287,016,534
Total liabilities at end of fiscal yearUSD $ 245,048,727
Total liabilities at beginning of fiscal yearUSD $ 234,000,137
Total assets at end of fiscal yearUSD $ 542,158,549
Total assets at beginning of fiscal yearUSD $ 521,016,671
Revenues less expenses for current yearUSD $ 37,000
Revenues less expenses for previous yearUSD $ 227,000
Total expenses for current yearUSD $ 266,721,522
Total expenses for previous yearUSD $ 240,686,863
Other expenses in current yearUSD $ 232,740,598
Other expenses in previous yearUSD $ 208,006,863
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 18,599,932
Employee salary and benefits paid in previous yearUSD $ 19,445,424
Benefits paid to or for members in current yearUSD $ 15,373,492
Benefits paid to or for members in previous yearUSD $ 13,159,615
Grants and similar amounts paid in current yearUSD $ 7,500
Grants and similar amounts paid in previous yearUSD $ 74,961
Total revenue in current fiscal yearUSD $ 266,758,522
Total revenue in previous fiscal yearUSD $ 240,913,863
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 4,473,149
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 236,498,836
Program Service Revenue from current yearUSD $ 239,833,211
Investment Income from prior yearUSD $ 317,621
Investment Income from current yearUSD $ 125,922
Other Revenue from prior yearUSD $ 1,116,472
Other Revenue from current yearUSD $ 954,730
Gross receipts from all sourcesUSD $ 240,913,863
Net assets / fund balances at end of fiscal yearUSD $ 287,016,534
Net assets / fund balances at beginning of fiscal yearUSD $ 279,521,830
Total liabilities at end of fiscal yearUSD $ 234,000,137
Total liabilities at beginning of fiscal yearUSD $ 212,714,255
Total assets at end of fiscal yearUSD $ 521,016,671
Total assets at beginning of fiscal yearUSD $ 492,236,085
Revenues less expenses for current yearUSD $ 227,000
Revenues less expenses for previous yearUSD $ -50,000
Total expenses for current yearUSD $ 240,686,863
Total expenses for previous yearUSD $ 237,982,929
Other expenses in current yearUSD $ 208,006,863
Other expenses in previous yearUSD $ 199,423,940
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 19,445,424
Employee salary and benefits paid in previous yearUSD $ 17,188,385
Benefits paid to or for members in current yearUSD $ 13,159,615
Benefits paid to or for members in previous yearUSD $ 21,265,858
Grants and similar amounts paid in current yearUSD $ 74,961
Grants and similar amounts paid in previous yearUSD $ 104,746
Total revenue in current fiscal yearUSD $ 240,913,863
Total revenue in previous fiscal yearUSD $ 237,932,929
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 948,730
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 4,326
Program Service Revenue from prior yearUSD $ 221,135,493
Program Service Revenue from current yearUSD $ 234,776,241
Investment Income from prior yearUSD $ 189,660
Investment Income from current yearUSD $ 309,985
Other Revenue from prior yearUSD $ 444,502
Other Revenue from current yearUSD $ 746,574
Gross receipts from all sourcesUSD $ 235,841,830
Net assets / fund balances at end of fiscal yearUSD $ 263,935,925
Net assets / fund balances at beginning of fiscal yearUSD $ 249,188,551
Total liabilities at end of fiscal yearUSD $ 194,686,003
Total liabilities at beginning of fiscal yearUSD $ 179,247,969
Total assets at end of fiscal yearUSD $ 458,621,928
Total assets at beginning of fiscal yearUSD $ 428,436,520
Revenues less expenses for current yearUSD $ 189,000
Revenues less expenses for previous yearUSD $ 105,999
Total expenses for current yearUSD $ 235,643,800
Total expenses for previous yearUSD $ 221,663,656
Other expenses in current yearUSD $ 199,676,942
Other expenses in previous yearUSD $ 191,032,723
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 15,883,884
Employee salary and benefits paid in previous yearUSD $ 14,848,824
Benefits paid to or for members in current yearUSD $ 19,948,747
Benefits paid to or for members in previous yearUSD $ 15,669,430
Grants and similar amounts paid in current yearUSD $ 134,227
Grants and similar amounts paid in previous yearUSD $ 112,679
Total revenue in current fiscal yearUSD $ 235,832,800
Total revenue in previous fiscal yearUSD $ 221,769,655
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 3,740
Total of other revenueUSD $ 744,314
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 215,787,507
Program Service Revenue from current yearUSD $ 221,135,493
Investment Income from prior yearUSD $ 140,560
Investment Income from current yearUSD $ 189,660
Other Revenue from prior yearUSD $ 443,339
Other Revenue from current yearUSD $ 444,502
Gross receipts from all sourcesUSD $ 221,774,960
Net assets / fund balances at end of fiscal yearUSD $ 249,188,551
Net assets / fund balances at beginning of fiscal yearUSD $ 237,163,129
Total liabilities at end of fiscal yearUSD $ 179,247,969
Total liabilities at beginning of fiscal yearUSD $ 165,762,319
Total assets at end of fiscal yearUSD $ 428,436,520
Total assets at beginning of fiscal yearUSD $ 402,925,448
Revenues less expenses for current yearUSD $ 105,999
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 221,663,656
Total expenses for previous yearUSD $ 216,371,406
Other expenses in current yearUSD $ 191,032,723
Other expenses in previous yearUSD $ 184,384,332
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 14,848,824
Employee salary and benefits paid in previous yearUSD $ 14,066,469
Benefits paid to or for members in current yearUSD $ 15,669,430
Benefits paid to or for members in previous yearUSD $ 17,912,125
Grants and similar amounts paid in current yearUSD $ 112,679
Grants and similar amounts paid in previous yearUSD $ 8,480
Total revenue in current fiscal yearUSD $ 221,769,655
Total revenue in previous fiscal yearUSD $ 216,371,406
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 5,305
Total of other revenueUSD $ 444,307
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 211,328,916
Program Service Revenue from current yearUSD $ 215,787,507
Investment Income from prior yearUSD $ 97,215
Investment Income from current yearUSD $ 140,560
Other Revenue from prior yearUSD $ 406,696
Other Revenue from current yearUSD $ 443,339
Gross receipts from all sourcesUSD $ 216,379,603
Net assets / fund balances at end of fiscal yearUSD $ 237,163,129
Net assets / fund balances at beginning of fiscal yearUSD $ 224,815,090
Total liabilities at end of fiscal yearUSD $ 165,762,319
Total liabilities at beginning of fiscal yearUSD $ 154,814,881
Total assets at end of fiscal yearUSD $ 402,925,448
Total assets at beginning of fiscal yearUSD $ 379,629,971
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 216,371,406
Total expenses for previous yearUSD $ 211,832,827
Other expenses in current yearUSD $ 184,384,332
Other expenses in previous yearUSD $ 178,183,128
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 14,066,469
Employee salary and benefits paid in previous yearUSD $ 12,960,145
Benefits paid to or for members in current yearUSD $ 17,912,125
Benefits paid to or for members in previous yearUSD $ 20,563,639
Grants and similar amounts paid in current yearUSD $ 8,480
Grants and similar amounts paid in previous yearUSD $ 125,915
Total revenue in current fiscal yearUSD $ 216,371,406
Total revenue in previous fiscal yearUSD $ 211,832,827
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 7,297
Gross sales of inventory assetsUSD $ 4,480
Total of other revenueUSD $ 440,156
2015-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 221,817,203
Program Service Revenue from current yearUSD $ 211,328,916
Investment Income from prior yearUSD $ 121,724
Investment Income from current yearUSD $ 97,215
Other Revenue from prior yearUSD $ 515,080
Other Revenue from current yearUSD $ 406,696
Gross receipts from all sourcesUSD $ 211,861,419
Net assets / fund balances at end of fiscal yearUSD $ 224,815,090
Net assets / fund balances at beginning of fiscal yearUSD $ 209,821,108
Total liabilities at end of fiscal yearUSD $ 154,814,881
Total liabilities at beginning of fiscal yearUSD $ 150,865,928
Total assets at end of fiscal yearUSD $ 379,629,971
Total assets at beginning of fiscal yearUSD $ 360,687,036
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 211,832,827
Total expenses for previous yearUSD $ 222,454,007
Other expenses in current yearUSD $ 178,183,128
Other expenses in previous yearUSD $ 187,844,752
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 12,960,145
Employee salary and benefits paid in previous yearUSD $ 12,101,178
Benefits paid to or for members in current yearUSD $ 20,563,639
Benefits paid to or for members in previous yearUSD $ 22,385,564
Grants and similar amounts paid in current yearUSD $ 125,915
Grants and similar amounts paid in previous yearUSD $ 122,513
Total revenue in current fiscal yearUSD $ 211,832,827
Total revenue in previous fiscal yearUSD $ 222,454,007
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 15,083
Gross sales of inventory assetsUSD $ 9,905
Total of other revenueUSD $ 406,874
2014-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 201,268,030
Program Service Revenue from current yearUSD $ 221,817,203
Investment Income from prior yearUSD $ 157,412
Investment Income from current yearUSD $ 121,724
Other Revenue from prior yearUSD $ 481,737
Other Revenue from current yearUSD $ 515,080
Gross receipts from all sourcesUSD $ 222,480,191
Net assets / fund balances at end of fiscal yearUSD $ 209,821,108
Net assets / fund balances at beginning of fiscal yearUSD $ 190,910,613
Total liabilities at end of fiscal yearUSD $ 150,865,928
Total liabilities at beginning of fiscal yearUSD $ 154,540,073
Total assets at end of fiscal yearUSD $ 360,687,036
Total assets at beginning of fiscal yearUSD $ 345,450,686
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 222,454,007
Total expenses for previous yearUSD $ 201,907,179
Other expenses in current yearUSD $ 187,844,752
Other expenses in previous yearUSD $ 170,670,495
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 12,101,178
Employee salary and benefits paid in previous yearUSD $ 11,531,238
Benefits paid to or for members in current yearUSD $ 22,385,564
Benefits paid to or for members in previous yearUSD $ 19,583,886
Grants and similar amounts paid in current yearUSD $ 122,513
Grants and similar amounts paid in previous yearUSD $ 121,560
Total revenue in current fiscal yearUSD $ 222,454,007
Total revenue in previous fiscal yearUSD $ 201,907,179
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 15,099
Gross sales of inventory assetsUSD $ 12,365

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 740758801

USA Mailing Address
P O DRAWER 267
MERCEDES
TX
785700267
Date first seen: 2012-10-15
Date last seen: 2024-11-13
USA Location Address
2200 WEST 2ND STREET
MERCEDES
TX
78570
Date first seen: 2014-01-01
Date last seen: 2025-11-23
USA Mailing Address
PO BOX 267
MERCEDES
TX
785700267
Date first seen: 2025-08-03
Date last seen: 2025-11-23
USA Mailing Address
2200 W 2ND ST
MERCEDES
TX
785701902
Date first seen: 2025-09-16
Date last seen: 2025-12-04

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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