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EIN 54-0346923

Northern Virginia Electric Co-Op (NOVEC)

IRS 501(c) type
501(c)(12)
Num. employees
327
City
Manassas
State
Virginia
Year formed
1983
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Northern Virginia Electric Co-Op's mission is to create value for its members, employees and communities by providing safe, reliable electricity and quality products at competitive prices. It distributes electricity to approximately 177,383 meters/customers with a 99.99% average system reliability rate. In addition, NOVEC returned $6.7M in patronage capital to its member-owners, connected 1,731 meters and completed $34M in net new construction during the fiscal year.
Total revenues
$998,080,039
2022
Total expenses
$986,247,208
2022
Total assets
$1,247,676,031
2022
Num. employees
327
2022

Program areas at NOVEC

Provide affordable service to its 178,903 members with 99.99% average system reliability rate. NOVEC returned to its member-owners $6.7M in patronage capital; connected 1,544 meters and completed $53M in net new construction during the fiscal year.

Who funds Northern Virginia Electric Co-Op (NOVEC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
United Way of Greater Richmond and PetersburgDonor Directs Funds(designations) for Energy Share$95,374

Personnel at NOVEC

NameTitleCompensation
Feuerberg Stanley CPresident and Chief Executive Officer$907,254
Schleicher DavidPresident and Chief Executive Officer / Vice President - Administration Substations Telecom$594,360
Wilbur RollinsSenior Vice President of Finance
Hooker LisaVice President - Public Relations$188,639
Whyte Kevin MDirector System Engineering$172,002
...and 17 more key personnel

Financials for NOVEC

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$992,337,511
Investment income and dividends$3,886,703
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$1,855,825
Total revenues$998,080,039

Form 990s for NOVEC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-06990View PDF
2021-122022-11-09990View PDF
2020-122021-11-05990View PDF
2018-122020-01-03990View PDF
2017-122019-02-21990View PDF
...and 8 more Form 990s

Organizations like NOVEC

OrganizationLocationRevenue
Golden Spread Electric CooperativeAmarillo, TX$772,338,275
Clay Electric CooperativeKeystone Heights, FL$477,827,474
North Carolina Electric Membership CorporationRaleigh, NC$1,247,913,136
Sumter Electric CooperativeSumterville, FL$537,389,478
Old Dominion Electric CooperativeGlen Allen, VA$1,012,166,528
McKenzie Electric CooperativeWatford City, ND$401,082,882
Minnkota Power CooperativeGrand Forks, ND$451,623,057
Kenergy CorporationHenderson, KY$624,047,751
Wolverine Power Supply CooperativeCadillac, MI$706,588,810
Wabash Valley Power Alliance (WVPA)Indianapolis, IN$934,723,597
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 2 new personnel
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Used new vendors
Identified 1 new vendor, including
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
PO Box 2710
Manassas, VA 20108
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
Manassas city, VA
Website URL
novec.com/ 
Phone
(703) 335-0500
IRS details
EIN
54-0346923
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1983
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
Independent
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