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Employer Identification Number 74-0964933

VICTORIA 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:VICTORIA ELECTRIC COOPERATIVE INC
Employer identification number (EIN):74-0964933
EIN Issuing AuthorityPhiladelphia, PA
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 StatementVICTORIA ELECTRIC COOPERATIVE PROVIDED ELECTRIC DISTRIBUTION UTILITY SERVICE TO AN AVERAGE OF 15,955 MEMBER-OWNERS DURING 2017. THE COOPERATIVE OPERATED 2,972.2 MILES OF ENERGIZED LINES ACROSS SIX (6) COUNTIES IN THE TEXAS MID-COAST REGION INCLUDING TWO OUT-MIGRATION COUNTIES. THE COOPERATIVE PROVIDED MEMBER-OWNERS ELECTRIC POWER AT COST EQUALING TO APPROXIMATELY A 10-20% SAVINGS FROM OPEN MARKET PRICING. THE COOPERATIVE COMMUNICATES TO THE MEMBER-OWNERS PRIMARILY THROUGH A "LOCAL PAGEX INSERT IN THE TEXAS COOP POWER MAGAZINE.
Number of Employees80
Number of Volunteers0
Year Formed1938

Organization Governance

Legal DomicileTX
Voting Members - Governing Body10
Voting Members - Independent10

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 447,085
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 62,215,808
Program Service Revenue from current yearUSD $ 73,265,767
Investment Income from prior yearUSD $ 119,811
Investment Income from current yearUSD $ 88,147
Other Revenue from prior yearUSD $ 1,729,327
Other Revenue from current yearUSD $ 338,843
Gross receipts from all sourcesUSD $ 73,692,757
Net assets / fund balances at end of fiscal yearUSD $ 87,891,575
Net assets / fund balances at beginning of fiscal yearUSD $ 84,687,351
Total liabilities at end of fiscal yearUSD $ 71,171,382
Total liabilities at beginning of fiscal yearUSD $ 67,580,076
Total assets at end of fiscal yearUSD $ 159,062,957
Total assets at beginning of fiscal yearUSD $ 152,267,427
Revenues less expenses for current yearUSD $ -426,091
Revenues less expenses for previous yearUSD $ 924,023
Total expenses for current yearUSD $ 74,118,848
Total expenses for previous yearUSD $ 63,140,923
Other expenses in current yearUSD $ 63,729,359
Other expenses in previous yearUSD $ 54,062,736
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 $ 6,156,846
Employee salary and benefits paid in previous yearUSD $ 6,109,985
Benefits paid to or for members in current yearUSD $ 4,230,843
Benefits paid to or for members in previous yearUSD $ 2,965,798
Grants and similar amounts paid in current yearUSD $ 1,800
Grants and similar amounts paid in previous yearUSD $ 2,404
Total revenue in current fiscal yearUSD $ 73,692,757
Total revenue in previous fiscal yearUSD $ 64,064,946
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 0
Gross sales of inventory assetsUSD $ 6,501
Total of other revenueUSD $ 303,742
2021-12-31
Total unrelated business incomeUSD $ 301,365
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 59,984,858
Program Service Revenue from current yearUSD $ 62,215,808
Investment Income from prior yearUSD $ 133,925
Investment Income from current yearUSD $ 119,811
Other Revenue from prior yearUSD $ 469,667
Other Revenue from current yearUSD $ 1,729,327
Gross receipts from all sourcesUSD $ 64,064,946
Net assets / fund balances at end of fiscal yearUSD $ 84,687,351
Net assets / fund balances at beginning of fiscal yearUSD $ 81,533,980
Total liabilities at end of fiscal yearUSD $ 67,580,076
Total liabilities at beginning of fiscal yearUSD $ 69,412,282
Total assets at end of fiscal yearUSD $ 152,267,427
Total assets at beginning of fiscal yearUSD $ 150,946,262
Revenues less expenses for current yearUSD $ 924,023
Revenues less expenses for previous yearUSD $ -397,621
Total expenses for current yearUSD $ 63,140,923
Total expenses for previous yearUSD $ 60,986,071
Other expenses in current yearUSD $ 54,062,736
Other expenses in previous yearUSD $ 51,615,680
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 $ 6,109,985
Employee salary and benefits paid in previous yearUSD $ 5,900,502
Benefits paid to or for members in current yearUSD $ 2,965,798
Benefits paid to or for members in previous yearUSD $ 3,466,818
Grants and similar amounts paid in current yearUSD $ 2,404
Grants and similar amounts paid in previous yearUSD $ 3,071
Total revenue in current fiscal yearUSD $ 64,064,946
Total revenue in previous fiscal yearUSD $ 60,588,450
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 0
Gross sales of inventory assetsUSD $ 5,220
Total of other revenueUSD $ 1,676,557
2020-12-31
Total unrelated business incomeUSD $ 147,141
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 16,341,239
Program Service Revenue from current yearUSD $ 59,984,858
Investment Income from prior yearUSD $ 175,339
Investment Income from current yearUSD $ 133,925
Other Revenue from prior yearUSD $ 5,602,204
Other Revenue from current yearUSD $ 469,667
Gross receipts from all sourcesUSD $ 60,588,450
Net assets / fund balances at end of fiscal yearUSD $ 81,533,980
Net assets / fund balances at beginning of fiscal yearUSD $ 79,198,227
Total liabilities at end of fiscal yearUSD $ 69,412,282
Total liabilities at beginning of fiscal yearUSD $ 60,350,433
Total assets at end of fiscal yearUSD $ 150,946,262
Total assets at beginning of fiscal yearUSD $ 139,548,660
Revenues less expenses for current yearUSD $ -397,621
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 60,986,071
Total expenses for previous yearUSD $ 22,118,782
Other expenses in current yearUSD $ 51,615,680
Other expenses in previous yearUSD $ 10,874,082
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 $ 5,900,502
Employee salary and benefits paid in previous yearUSD $ 4,310,507
Benefits paid to or for members in current yearUSD $ 3,466,818
Benefits paid to or for members in previous yearUSD $ 6,934,193
Grants and similar amounts paid in current yearUSD $ 3,071
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 60,588,450
Total revenue in previous fiscal yearUSD $ 22,118,782
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 0
Gross sales of inventory assetsUSD $ 7,082
Total of other revenueUSD $ 425,525
2019-12-31
Total unrelated business incomeUSD $ -1,185,876
Program Service Revenue from prior yearUSD $ 15,856,955
Program Service Revenue from current yearUSD $ 16,341,239
Investment Income from prior yearUSD $ 151,648
Investment Income from current yearUSD $ 175,339
Other Revenue from prior yearUSD $ 2,518,109
Other Revenue from current yearUSD $ 5,602,204
Gross receipts from all sourcesUSD $ 22,118,782
Net assets / fund balances at end of fiscal yearUSD $ 79,198,227
Net assets / fund balances at beginning of fiscal yearUSD $ 72,999,231
Total liabilities at end of fiscal yearUSD $ 60,350,433
Total liabilities at beginning of fiscal yearUSD $ 62,769,001
Total assets at end of fiscal yearUSD $ 139,548,660
Total assets at beginning of fiscal yearUSD $ 135,768,232
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 1
Total expenses for current yearUSD $ 22,118,782
Total expenses for previous yearUSD $ 18,526,711
Other expenses in current yearUSD $ 10,874,082
Other expenses in previous yearUSD $ 10,516,671
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,310,507
Employee salary and benefits paid in previous yearUSD $ 4,142,012
Benefits paid to or for members in current yearUSD $ 6,934,193
Benefits paid to or for members in previous yearUSD $ 3,868,028
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 22,118,782
Total revenue in previous fiscal yearUSD $ 18,526,712
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 5,602,204
2018-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 15,965,737
Program Service Revenue from current yearUSD $ 15,856,955
Investment Income from prior yearUSD $ 149,919
Investment Income from current yearUSD $ 151,648
Other Revenue from prior yearUSD $ 2,341,772
Other Revenue from current yearUSD $ 2,518,109
Gross receipts from all sourcesUSD $ 18,526,712
Net assets / fund balances at end of fiscal yearUSD $ 72,999,231
Net assets / fund balances at beginning of fiscal yearUSD $ 69,869,072
Total liabilities at end of fiscal yearUSD $ 62,769,001
Total liabilities at beginning of fiscal yearUSD $ 63,540,019
Total assets at end of fiscal yearUSD $ 135,768,232
Total assets at beginning of fiscal yearUSD $ 133,409,091
Revenues less expenses for current yearUSD $ 1
Total expenses for current yearUSD $ 18,526,711
Total expenses for previous yearUSD $ 18,457,428
Other expenses in current yearUSD $ 10,516,671
Other expenses in previous yearUSD $ 13,292,835
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,142,012
Employee salary and benefits paid in previous yearUSD $ 4,037,823
Benefits paid to or for members in current yearUSD $ 3,868,028
Benefits paid to or for members in previous yearUSD $ 1,126,770
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 18,526,712
Total revenue in previous fiscal yearUSD $ 18,457,428
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 2,518,109
2017-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 15,524,839
Program Service Revenue from current yearUSD $ 15,965,737
Investment Income from prior yearUSD $ 126,429
Investment Income from current yearUSD $ 149,919
Other Revenue from prior yearUSD $ 2,276,941
Other Revenue from current yearUSD $ 2,341,772
Gross receipts from all sourcesUSD $ 18,457,428
Net assets / fund balances at end of fiscal yearUSD $ 69,869,072
Net assets / fund balances at beginning of fiscal yearUSD $ 68,741,342
Total liabilities at end of fiscal yearUSD $ 63,540,019
Total liabilities at beginning of fiscal yearUSD $ 57,318,088
Total assets at end of fiscal yearUSD $ 133,409,091
Total assets at beginning of fiscal yearUSD $ 126,059,430
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 18,457,428
Total expenses for previous yearUSD $ 17,928,209
Other expenses in current yearUSD $ 13,292,835
Other expenses in previous yearUSD $ 9,420,093
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,037,823
Employee salary and benefits paid in previous yearUSD $ 3,929,204
Benefits paid to or for members in current yearUSD $ 1,126,770
Benefits paid to or for members in previous yearUSD $ 4,578,912
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 18,457,428
Total revenue in previous fiscal yearUSD $ 17,928,209
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 2,341,772
2016-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 15,260,263
Program Service Revenue from current yearUSD $ 15,524,839
Investment Income from prior yearUSD $ 121,339
Investment Income from current yearUSD $ 126,429
Other Revenue from prior yearUSD $ 2,539,834
Other Revenue from current yearUSD $ 2,276,941
Gross receipts from all sourcesUSD $ 17,928,209
Net assets / fund balances at end of fiscal yearUSD $ 68,741,342
Net assets / fund balances at beginning of fiscal yearUSD $ 64,968,042
Total liabilities at end of fiscal yearUSD $ 57,318,088
Total liabilities at beginning of fiscal yearUSD $ 49,714,768
Total assets at end of fiscal yearUSD $ 126,059,430
Total assets at beginning of fiscal yearUSD $ 114,682,810
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 17,928,209
Total expenses for previous yearUSD $ 17,921,436
Other expenses in current yearUSD $ 9,420,093
Other expenses in previous yearUSD $ 8,791,208
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,929,204
Employee salary and benefits paid in previous yearUSD $ 3,718,865
Benefits paid to or for members in current yearUSD $ 4,578,912
Benefits paid to or for members in previous yearUSD $ 5,411,363
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 17,928,209
Total revenue in previous fiscal yearUSD $ 17,921,436
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 2,276,941
2015-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 14,193,254
Program Service Revenue from current yearUSD $ 15,260,263
Investment Income from prior yearUSD $ 114,640
Investment Income from current yearUSD $ 121,339
Other Revenue from prior yearUSD $ 2,913,695
Other Revenue from current yearUSD $ 2,539,834
Gross receipts from all sourcesUSD $ 17,921,436
Net assets / fund balances at end of fiscal yearUSD $ 64,968,042
Net assets / fund balances at beginning of fiscal yearUSD $ 60,551,757
Total liabilities at end of fiscal yearUSD $ 49,714,768
Total liabilities at beginning of fiscal yearUSD $ 47,397,854
Total assets at end of fiscal yearUSD $ 114,682,810
Total assets at beginning of fiscal yearUSD $ 107,949,611
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 17,921,436
Total expenses for previous yearUSD $ 17,221,589
Other expenses in current yearUSD $ 8,791,208
Other expenses in previous yearUSD $ 8,513,430
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,718,865
Employee salary and benefits paid in previous yearUSD $ 3,442,429
Benefits paid to or for members in current yearUSD $ 5,411,363
Benefits paid to or for members in previous yearUSD $ 5,265,730
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 17,921,436
Total revenue in previous fiscal yearUSD $ 17,221,589
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 2,539,834

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 740964933

USA Mailing Address
PO BOX 2178
VICTORIA
TX
77902
Date first seen: 2008-10-01
Date last seen: 2024-06-30
USA Mailing Address
PO BOX 2178
VICTORIA
TX
779022178
Date first seen: 2016-03-16
Date last seen: 2016-03-16

Nearby companies/organizations

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

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