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EIN 74-0758801

Magic Valley Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
308
City
Mercedes
State
Texas
Year formed
1937
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Magic Valley Electric Cooperative enhances people's lives by safely providing the most reliable and affordable electric service while keeping members' best interests in mind. They provide electric energy to their members through the allocation of patronage capital, with 144,161 active services at year-end.
Total revenues
$320,139,415
2022
Total expenses
$320,112,415
2022
Total assets
$584,754,679
2022
Num. employees
308
2022

Program areas at Magic Valley Electric Cooperative

Providing Electric energy to our members on a Cooperative basis through the allocation of patronage capital. There were 144,161 active services at year end.

Grants made by Magic Valley Electric Cooperative

GranteeGrant descriptionAmount
TSTC FoundationScholarship Program$10,000
Rio Grande Valley Livestock Show2022 Sponsorship$7,560
United Way of South Texas2022 Sponsorship$5,500

Personnel at Magic Valley Electric Cooperative

NameTitleCompensation
Brian R AcostaGeneral Manager$266,192
Felipe AmayaTechnical Services Division Manager / Technical Services Manager$163,212
Abraham QuirogaCentral Division Manager / Business and Employee Development Division Manager / Business and Employee Development Manager$156,327
Atanacio HinojosaWestern Division Manager / Business Development Manager$155,485
Domitilo CantuEastern Division Manager$138,510
...and 10 more key personnel

Financials for Magic Valley Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$318,632,504
Investment income and dividends$327,917
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$6,000
Net gain from sale of non-inventory assets$15,196
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,157,798
Total revenues$320,139,415

Form 990s for Magic Valley Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-14990View PDF
2020-122021-11-08990View PDF
2018-122020-01-10990View PDF
2017-122018-12-22990View PDF
...and 8 more Form 990s

Organizations like Magic Valley Electric Cooperative

OrganizationLocationRevenue
Volunteer Energy CooperativeDecatur, TN$298,075,624
Gibson Electric MembershipTrenton, TN$121,430,242
United Cooperative ServicesBurleson, TX$365,623,485
Nueces Electric CooperativeRobstown, TX$110,016,479
Dixie Electric Membership CorporationBaton Rouge, LA$316,976,547
Connexus EnergyRamsey, MN$266,851,245
Mid-South SynergyNavasota, TX$151,349,587
South Central Power CompanyLancaster, OH$369,451,843
Cotton Electric CooperativeWalters, OK$92,171,139
Central Valley Electric CooperativeArtesia, NM$89,450,287
Data update history
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 8, 2024
Updated personnel
Identified 3 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 14, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
PO Box 267
Mercedes, TX 78570
Metro area
McAllen-Edinburg-Mission, TX
County
Hidalgo County, TX
Website URL
magicvalley.coop/ 
Phone
(956) 514-1200
IRS details
EIN
74-0758801
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Central organization
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