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...

EIN:
54-0346923
City:
State:
Metro:
Website:
Founded:
1983
Type:
501(c)(12)
NTEE:
Revenue:
$538,762,673
Assets:
$930,331,339
Employees:
321
Fiscal year end:
December
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

Field2018
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

 NameTypeRevenueLocation
1Mountrail-Williams Electric Cooperative501(c)(12)$310 millionWilliston, ND
2Magic Valley Electric Cooperative501(c)(12)$235 millionMercedes, TX
3Volunteer Energy Cooperative501(c)(12)$252 millionDecatur, TN
4Coserv Electric501(c)(12)$525 millionCorinth, TX
5Farmers Electric Cooperative501(c)(12)$149 millionGreenville, TX
6Wolverine Power Supply Cooperative501(c)(12)$476 millionCadillac, MI
7Old Dominion Electric Cooperative501(c)(12)$787 millionGlen Allen, VA
8South Central Power Company501(c)(12)$338 millionLancaster, OH
9East River Electric Power Cooperative501(c)(12)$315 millionMadison, SD
10McKenzie Electric Cooperative501(c)(12)$309 millionWatford City, ND
11Connexus Energy501(c)(12)$280 millionRamsey, MN
12Trinity Valley Electric Cooperative (TVEC)501(c)(12)$161 millionKaufman, TX
13Brazos Electric Power Cooperative501(c)(12)$1.0 billionWaco, TX
14Golden Spread Electric Cooperative501(c)(12)$342 millionAmarillo, TX
15Cooperative Energy501(c)(12)$829 millionHattiesburg, MS
16South Plains Electric Cooperative501(c)(12)$156 millionLubbock, TX
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
20Kansas Electric Power Cooperative501(c)(12)$164 millionTopeka, KS
21Prairie Power501(c)(12)$151 millionSpringfield, IL
22Energyunited Electric Membership Corporation501(c)(12)$288 millionStatesville, NC
23United Cooperative Services501(c)(12)$207 millionBurleson, TX
24Poudre Valley Rea501(c)(12)$136 millionFort Collins, CO
25Duck River Electric Membership Corporation501(c)(12)$204 millionShelbyville, TN