Cause IQ organization profile

Northern Virginia Electric Co-Op (NOVEC)

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

NOVEC is a public utility based in Manassas, VA that was founded in 1983. As of 2019 they had $538 million in revenue and $930 million in assets.

To exceed the expectations of our customers and to be the preferred energy provider in all markets served. Distribution of Electricity (153,892 Meters/Customers). Mission: To exceed the expectations of our customers and to be the preferred energy prov...

Fiscal year end:
Revenue trends:
Asset trends:

Program areas at NOVEC

Provide affordable service to its 170,124 members with 99.99% average system reliability rate. NOVEC returned to its member-owners $4.5M in patronage capital; connected 2,755 meters and completed $72M in net new construction during the fiscal year.

Form 990s for NOVEC

Fiscal year endingDate received by IRSFormPDF link
2018-12Jan 3, 2020990View PDF
2017-12Feb 21, 2019990View PDF
2016-12Jan 18, 2018990View PDF
2015-12Jan 20, 2017990OView PDF
2014-12Sep 15, 2015990OView PDF
...and five more Form 990 PDFs

Financials for NOVEC

Total grants, contributions, etc.$0
Program services$534,439,697
Investment income and dividends$4,416,460
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-93,484
Total revenues$538,762,673

Vendors for NOVEC

VendorServicesAmount paidDate
KimbiaFundraising software2020-02-20
███████ ███ ████Fundraising software; Payment processing2020-02-20
████████ ██████It Services$5,282,2672017-12-01
█████ ████ ███████ ███Construction Row$4,433,5662017-12-01
███ ████████████ ███████Underground Utility Construction$6,648,2192017-12-01
█ █ ██████ ████████████ ███████Substation Construction$8,613,9592017-12-01
███ ██████████ ████████████Construction$3,602,1102017-12-01
████ ███Audit accounting2013-09-30

Personnel at NOVEC

NameTitleCompensationMost recent data
Feuerberg StanPresident and Chief Executive Officer$635,042Dec. 31, 2018
Wilbur RollinsSenior Vice President of Finance-Jan. 3, 2020
███████ █████Vice President - Customer Service$72,539Dec. 31, 2017
██████ ███████Vice President - Public Relations$69,604Dec. 31, 2018
███████ ██████Manager - Regulatory Affairs$164,458Dec. 31, 2018
█████████ █████Manager - System Construction$144,340Dec. 31, 2018
█████████ ███████Manager - PWR Portfolio Opt and Bus Devel$181,330Dec. 31, 2018
███ █ ███████Lead Line Technician$152,193Dec. 31, 2018
███████ ██████Past Senior Vice President - Finance$280,865Dec. 31, 2018
███████ ██████Vice President - Electric System Operations$148,251Dec. 31, 2018
...and nine more key personnel

Peer public utilities

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17Owen Electric Cooperative501(c)(12)$183 millionOwenton, KY
18Powder River Energy Corporation501(c)(12)$202 millionSundance, WY
19Pennyrile Rural Electric Cooperative Corporation501(c)(12)$134 millionHopkinsville, KY
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22Energyunited Electric Membership Corporation501(c)(12)$288 millionStatesville, NC
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25Duck River Electric Membership Corporation501(c)(12)$204 millionShelbyville, TN