Civic Intelligence

Berkeley Electric Cooperative Inc

990 • Fiscal year 2015 • EIN 57-0123093

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 08, 2016

Organization Profilewww.bec.coop

View Organization Page

PO Box 1234Moncks Corner, SC 29461-1234

(843) 761-8200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.73x

Higher debt load relative to assets than 78% of similar nonprofits.

2015 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2015

Liabilities / Revenue

50th percentile

1.27x

Higher debt load relative to revenue than 50% of similar nonprofits.

2015 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2015

Net Margin

4th percentile

-1.2%

Higher net margin than 4% of similar nonprofits.

2015 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2015

Top Officer Pay

20th percentile

$315,869

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2015 filings • $250M-$1B nonprofits • Source year 2015

Asset Growth

88th percentile

7.6%

Faster asset growth than 88% of similar nonprofits.

2015 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Revenue Growth

82nd percentile

4.1%

Faster revenue growth than 82% of similar nonprofits.

2015 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$422,841,458

Up $29,810,777 (+7.6%) from 2014

Net Assets

Up

$114,849,662

Up $5,675,927 (+5.2%) from 2014

Liabilities

Up

$307,991,796

Up $24,134,850 (+8.5%) from 2014

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin4th percentile

Revenue

Up

$241,859,605

Up $9,428,748 (+4.1%) from 2014

Expenses

Up

$244,692,696

Up $11,877,178 (+5.1%) from 2014

Net Income

Down

-$2,833,091

Down $2,448,430 (-637%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800M$600M$400M$200M$0Assets 2010: $339,321,258Liabilities 2010: $252,998,436Net Assets 2010: $86,322,8222010Assets 2011: $337,666,160Liabilities 2011: $244,901,419Net Assets 2011: $92,764,7412011Assets 2012: $335,411,395Liabilities 2012: $237,152,686Net Assets 2012: $98,258,7092012Assets 2013: $351,382,140Liabilities 2013: $247,913,520Net Assets 2013: $103,468,6202013Assets 2014: $393,030,681Liabilities 2014: $283,856,946Net Assets 2014: $109,173,7352014Assets 2015: $422,841,458Liabilities 2015: $307,991,796Net Assets 2015: $114,849,6622015Assets 2016: $434,720,951Liabilities 2016: $314,053,238Net Assets 2016: $120,667,7132016Assets 2017: $429,930,339Liabilities 2017: $302,758,901Net Assets 2017: $127,171,4382017Assets 2018: $461,428,469Liabilities 2018: $310,439,760Net Assets 2018: $150,988,7092018Assets 2019: $537,447,738Liabilities 2019: $368,877,656Net Assets 2019: $168,570,0822019Assets 2020: $555,545,257Liabilities 2020: $372,398,916Net Assets 2020: $183,146,3412020Assets 2021: $620,212,746Liabilities 2021: $419,136,012Net Assets 2021: $201,076,7342021Assets 2022: $676,271,341Liabilities 2022: $471,631,356Net Assets 2022: $204,639,9852022Assets 2023: $706,474,043Liabilities 2023: $487,940,057Net Assets 2023: $218,533,9862023Assets 2024: $766,173,909Liabilities 2024: $537,448,481Net Assets 2024: $228,725,4282024

Highlighted filing

2015

Assets$422,841,458
Liabilities$307,991,796
Net Assets$114,849,662
Open 2015 Filing

Operations Trend

Revenue Growth82nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600M$400M$200M$0-$200MExpenses 2010: $187,282,9742010Expenses 2011: $197,669,5922011Expenses 2012: $205,250,8712012Revenue 2013: $217,443,187Expenses 2013: $217,253,802Net Income 2013: $189,3852013Revenue 2014: $232,430,857Expenses 2014: $232,815,518Net Income 2014: -$384,6612014Revenue 2015: $241,859,605Expenses 2015: $244,692,696Net Income 2015: -$2,833,0912015Revenue 2016: $257,929,650Expenses 2016: $257,929,650Net Income 2016: $02016Revenue 2017: $284,895,251Expenses 2017: $284,895,251Net Income 2017: $02017Revenue 2018: $324,970,807Expenses 2018: $324,970,807Net Income 2018: $02018Revenue 2019: $327,227,393Expenses 2019: $327,227,393Net Income 2019: $02019Revenue 2020: $344,018,397Expenses 2020: $344,018,397Net Income 2020: $02020Revenue 2021: $366,017,101Expenses 2021: $366,017,101Net Income 2021: $02021Revenue 2022: $408,085,738Expenses 2022: $403,272,407Net Income 2022: $4,813,3312022Revenue 2023: $437,149,733Expenses 2023: $437,149,733Net Income 2023: $02023Revenue 2024: $488,190,361Expenses 2024: $488,190,361Net Income 2024: $02024

Highlighted filing

2015

Revenue$241,859,605
Expenses$244,692,696
Net Income-$2,833,091
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 8, 2016
Return Version
2015v2.1
Gross Receipts
$241,864,188
Mission and Program Overview

Mission

Berkeley electric cooperative is committed to providing safe, reliable and affordable energy, while enhancing the lives of those we serve.

Providing electricity to our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$320,220,471$332,954,526▲ $12,734,055
Rtn Earn Endowment Incm Other Fnds$108,807,065$114,470,532▲ $5,663,467
Savings and Temporary Cash Investments$28,794,295$45,203,017▲ $16,408,722
Investments Program Related$16,335,972$17,146,072▲ $810,100
Accounts Receivable$9,793,285$8,281,804▼ $1,511,481
Inventories for Sale or Use$5,012,754$5,433,718▲ $420,964
Cash and Non-Interest-Bearing Accounts$2,828,193$5,103,911▲ $2,275,718
Cap Stk Tr Prin Current Funds$366,670$379,130▲ $12,460
Prepaid Expenses and Deferred Charges$206,710$233,364▲ $26,654
Other Notes and Loans Receivable, Net$3,600$2,400▼ $1,200
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$393,030,681$422,841,458▲ $29,810,777
Other Assets Total$9,835,401$8,482,646▼ $1,352,755
Liabilities
Mortgage Notes Payable Secured by Investment Property$227,341,547$239,555,291▲ $12,213,744
Other Liabilities$26,861,221$38,979,635▲ $12,118,414
Accounts Payable and Accrued Expenses$29,654,178$29,456,870▼ $197,308
Total Liabilities$283,856,946$307,991,796▲ $24,134,850
Net Assets / Fund Balance
Total Net Assets Fund Balance$109,173,735$114,849,662▲ $5,675,927
Total Liabilities and Net Assets / Fund Balance$393,030,681$422,841,458▲ $29,810,777

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$311,444,862$128,718,894$440,163,756
Buildings$15,454,916$5,270,552$20,725,468
Land$6,054,748-$6,054,748
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dwayne CartwrightPresident & CEOFT$238,304$74,515$312,819
Tim MobleyVice President Engineering & OperationsFT$153,693$151,790$305,483
M KearneyVice President Finance & Business DevelopmentFT$168,694$132,819$301,513
Scott ShepherdVP Customer ServiceFT$150,606$122,701$273,307
John VilleponteauxManager of OperationsFT$128,618$133,327$261,945
Mark GaddyVice President of Economic DevelopmentFT$133,211$120,805$254,016
Louise MeadeVice President of Human ResourcesFT$130,681$105,799$236,480
Tony CapobiancoVice President of Information SystemsFT$136,633$64,010$200,643
H BrunsonChairmanPT$46,757$400$47,157
M MooreBoard MemberPT$42,388$400$42,788
Cp ShulerBoard MemberPT$37,816$400$38,216
W DewittSecretary / TreasurePT$33,970$400$34,370
B HartFormer Board MemberPT$32,069$32,369$32,369
C CaddellV ChairmanPT$29,199$400$29,599
J Gibbs SrBoard MemberPT$28,404$400$28,804
George McfaddenBoard MemberPT$28,350$400$28,750
Willis SandersBoard MemberPT$27,000$400$27,400
Henry Chavis SrBoard MemberPT$2,700$100$2,800

Highest Paid Contractors

ContractorServicesLocationCompensation
Sumter UtilitiesConstructionPO BOX 846391, Dallas, TX 75284$2,914,624
Lucas Tree ExpertsR-o-w ClearingPO BOX 958, Portland, ME 04104$1,960,425
Infratech CoorportionConstruction2036A BAKER CT, Kennesaw, GA 30144$880,555
Lee ElectricalConstructionPO BOX 55, Aberdeen, NC 28315$458,858
USIC Locating Services LLCLocating Underground ServicesPO Box 713359, Cincinnati, OH 45271$345,905
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$239,505,800
Investment Income
$1,381,008
Other Revenue
$972,797
Change in Net Assets
$-2,833,091

Audited Revenue Reconciliation

Revenue per Audited Statements
$241,859,605
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$241,859,605
Total Revenue per Form 990
$241,859,605
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$222,692,061
Salaries, Compensation, and Employee Benefits$10,837,114
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$13,934,612
Benefits to Members---$11,163,521
Other Expenses---$10,486,255
Other Salaries and Wages---$9,952,526
Interest---$6,700,744
Current Officers, Directors, Trustees, and Key Employees---$884,588
Total Functional Expenses$0$0$0$244,692,696

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$244,692,696
Expenses per Audited Statements$233,529,175
Total Expenses per Audited Statements$233,529,175
Expenses Not Reported on Financial Statements$11,163,521
Other Expense Adjustments$11,163,521
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Post Retirement Benefits$17,392,622
Margin Stabilization Plan$16,452,702
Accrued Vacation and Sick Leave$2,330,568
Accrued Taxes$2,282,243
Accrued Payroll$283,654
Miscellaneous Accruals$237,846
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Electric Cooperative Organization.”

Form 990, Part VI, Section A, Line 7A

“Board of Directors Elected By Members at Annual Meeting.”

Form 990, Part VI, Section A, Line 7B

“Bylaw Changes Approved By Members at Annual Meeting.”

Form 990, Part VI, Section B, Line 11B

“Reviewed With Full Board and Attorney.”

Form 990, Part VI, Section B, Line 12C

“Officers, Trustees and Key Employees Are Required To Sign A Document Stating Whether They Have Any Potential Conflicts.”

Form 990, Part VI, Section B, Line 15

“Outside Consultants Are Used To Evaluate Job Responsibilities In Comparison With Other Cooperatives And Whether Level Of Compensation Is In Line With Similar Size Duties For Individual And Cooperative. The Most Recent Evaluation / Review Was Conducted In May 2015.”

Form 990, Part VI, Section C, Line 19

“The Form 990 Is Available At All District Offices, Sent Upon Request And Posted On Public Website. Annual Reports Are Distributed At The Annual Meeting And Bylaws Are Provided To New Applicants Upon Request For Service.”

Filing and Contact Details

Filer

Filer Name
Berkeley Electric Cooperative Inc
EIN
57-0123093
Phone
8437618200
Address
PO Box 1234, Moncks Corner, SC 29461-1234

Signing Officer

Name
Michael Kearney
Title
VP Finance and Business Dev.
Phone
8437618200
Signed
2016-08-08

Organization Details

Principal Officer
Dwayne Cartwright
Formed
1940
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
310
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Assignment and adjustments to patronage capital accounts.”

Financial Statement Notes

Schedule D, Part X, Line 2

“The company is required to recognize the provisions of fin 48 for the current year. This interpretation prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken on a tax return. For those benefits to be recognized, a tax position must be more-than-likely-than-not to be sustained upon examination by taxing authorities. The amount recognized is measured as the largest amount of benefit that is greater that 50% likely of being realized upon ultimate settlement. The company has not recognized any deferred tax assets of the balance sheet date.”

Schedule D, Part XII, Line 4B

“Berkeley electric cooperative, inc. Interpreted the instructions to report the allocation of capital credits. This entry reconciles the audited financial statements with expenses reported in this return.”

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt977481
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt11153693
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt12123294
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1361633
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt14119926
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt15106117
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt16133608
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/PersonNm0H BRUNSON
IRS990/Form990PartVIISectionAGrp/PersonNm1M MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm2W DEWITT
IRS990/Form990PartVIISectionAGrp/PersonNm3C CADDELL
IRS990/Form990PartVIISectionAGrp/PersonNm4J GIBBS SR
IRS990/Form990PartVIISectionAGrp/PersonNm5CP SHULER
IRS990/Form990PartVIISectionAGrp/PersonNm6WILLIS SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm7GEORGE MCFADDEN
IRS990/Form990PartVIISectionAGrp/PersonNm8HENRY CHAVIS SR
IRS990/Form990PartVIISectionAGrp/PersonNm9DWAYNE CARTWRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm10M KEARNEY
IRS990/Form990PartVIISectionAGrp/PersonNm11TIM MOBLEY
IRS990/Form990PartVIISectionAGrp/PersonNm12SCOTT SHEPHERD
IRS990/Form990PartVIISectionAGrp/PersonNm13TONY CAPOBIANCO
IRS990/Form990PartVIISectionAGrp/PersonNm14MARK GADDY
IRS990/Form990PartVIISectionAGrp/PersonNm15LOUISE MEADE
IRS990/Form990PartVIISectionAGrp/PersonNm16JOHN VILLEPONTEAUX
IRS990/Form990PartVIISectionAGrp/PersonNm17B HART
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt046757
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt142388
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt233970
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt329199
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt428404
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt537816
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1732069
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt8100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17300
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY / TREASURE
IRS990/Form990PartVIISectionAGrp/TitleTxt3V CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VICE PRESIDENT FINANCE & BUSINESS DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT ENGINEERING & OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP CUSTOMER SERVICE
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDENT OF INFORMATION SYSTEMS
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT OF ECONOMIC DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDENT OF HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt16MANAGER OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt17Former Board Member
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01940
IRS990/FormerOfcrEmployeesListedInd01
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0241864188
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt054800
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt014
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/InterestGrp/TotalAmt06700744
IRS990/InventoriesForSaleOrUseGrp/BOYAmt05012754
IRS990/InventoriesForSaleOrUseGrp/EOYAmt05433718
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01381008
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01381008
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt016335972
IRS990/InvestmentsProgramRelatedGrp/EOYAmt017146072
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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0133989446
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0332954526
IRS990/LandBldgEquipCostOrOtherBssAmt0466943972
IRS990/LegalDomicileStateCd0SC
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt04583
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt0241016542
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0129735
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0129735
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0TO PROVIDE AFFORDABLE ELECTRIC SERVICE TO OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0227341547
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0239555291
IRS990/NetAssetsOrFundBalancesBOYAmt0109173735
IRS990/NetAssetsOrFundBalancesEOYAmt0114849662
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt050217
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt050217
IRS990/NetUnrelatedBusTxblIncmAmt04717
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09835401
IRS990/OtherAssetsTotalGrp/EOYAmt08482646
IRS990/OtherChangesInNetAssetsAmt08509018
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION - OPERATIONS & MAINT.
IRS990/OtherExpensesGrp/Desc2CUST. SVC. INFORMATIONAL & SALES
IRS990/OtherExpensesGrp/Desc3ADMIN. & GENERAL / ALL OTHERS
IRS990/OtherExpensesGrp/TotalAmt0166284695
IRS990/OtherExpensesGrp/TotalAmt119953796
IRS990/OtherExpensesGrp/TotalAmt25331959
IRS990/OtherExpensesGrp/TotalAmt310486255
IRS990/OtherLiabilitiesGrp/BOYAmt026861221
IRS990/OtherLiabilitiesGrp/EOYAmt038979635
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0CAPITAL CREDITS
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0792845
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt0922580
IRS990/OtherSalariesAndWagesGrp/TotalAmt09952526
IRS990/OtherSourcesGrossIncomeAmt0843063
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03600
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02400
IRS990/PartialLiquidationInd00
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0206710
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0233364
IRS990/PrincipalOfficerNm0Dwayne Cartwright
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1POLE RENTAL
IRS990/ProgramServiceRevenueGrp/Desc2SURGE PROTECTION
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1300323
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0239168746
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt236731
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0239168746
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1300323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt236731
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$422,841,458
Liabilities
$307,991,796
Net assets
$114,849,662
Revenue
$241,859,605
Expenses
$244,692,696
Net income
-$2,833,091
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$766$537$229$488$488$0.00
2023Detailed filing. Detailed filing data is available for this year.$706$488$219$437$437$0.00
2022Detailed filing. Detailed filing data is available for this year.$676$472$205$408$403$4.81
2021Detailed filing. Detailed filing data is available for this year.$620$419$201$366$366$0.00
2020Detailed filing. Detailed filing data is available for this year.$556$372$183$344$344$0.00
2019Detailed filing. Detailed filing data is available for this year.$537$369$169$327$327$0.00
2018Detailed filing. Detailed filing data is available for this year.$461$310$151$325$325$0.00
2017Detailed filing. Detailed filing data is available for this year.$430$303$127$285$285$0.00
2016Detailed filing. Detailed filing data is available for this year.$435$314$121$258$258$0.00
2015Detailed filing. Detailed filing data is available for this year.$423$308$115$242$245$2.83
2014Detailed filing. Detailed filing data is available for this year.$393$284$109$232$233$0.38
2013Detailed filing. Detailed filing data is available for this year.$351$248$103$217$217$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$335$237$98.3$205
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$338$245$92.8$198
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$339$253$86.3$187