Civic Intelligence

Berkeley Electric Cooperative Inc

990 • Fiscal year 2017 • EIN 57-0123093

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

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

83rd percentile

0.70x

Higher debt load relative to assets than 83% of similar nonprofits.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2017

Liabilities / Revenue

29th percentile

1.06x

Higher debt load relative to revenue than 29% of similar nonprofits.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2017

Net Margin

43rd percentile

0.0%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2017

Top Officer Pay

45th percentile

$461,447

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2017

Asset Growth

13th percentile

-1.1%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

10%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Down

$429,930,339

Down $4,790,612 (-1.1%) from 2016

Net Assets

Up

$127,171,438

Up $6,503,725 (+5.4%) from 2016

Liabilities

Down

$302,758,901

Down $11,294,337 (-3.6%) from 2016

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin43rd percentile

Revenue

Up

$284,895,251

Up $26,965,601 (+10%) from 2016

Expenses

Up

$284,895,251

Up $26,965,601 (+10%) from 2016

Net Income

Flat

$0

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2017

Assets$429,930,339
Liabilities$302,758,901
Net Assets$127,171,438
Open 2017 Filing

Operations Trend

Revenue Growth95th 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

2017

Revenue$284,895,251
Expenses$284,895,251
Net Income$0
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.0
Gross Receipts
$284,900,149
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$348,133,145$369,920,080▲ $21,786,935
Rtn Earn Endowment Incm Other Fnds$120,275,088$126,763,273▲ $6,488,185
Investments Program Related$18,382,464$19,425,524▲ $1,043,060
Savings and Temporary Cash Investments$44,376,874$14,225,000▼ $30,151,874
Accounts Receivable$6,385,387$8,127,170▲ $1,741,783
Cash and Non-Interest-Bearing Accounts$5,208,590$6,426,389▲ $1,217,799
Inventories for Sale or Use$5,060,256$5,792,290▲ $732,034
Cap Stk Tr Prin Current Funds$392,625$408,165▲ $15,540
Prepaid Expenses and Deferred Charges$89,205$231,630▲ $142,425
Other Notes and Loans Receivable, Net$1,200--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$434,720,951$429,930,339▼ $4,790,612
Other Assets Total$7,083,830$5,782,256▼ $1,301,574
Liabilities
Mortgage Notes Payable Secured by Investment Property$228,252,952$211,136,905▼ $17,116,047
Other Liabilities$52,631,034$54,675,929▲ $2,044,895
Accounts Payable and Accrued Expenses$33,169,252$36,946,067▲ $3,776,815
Total Liabilities$314,053,238$302,758,901▼ $11,294,337
Net Assets / Fund Balance
Total Net Assets Fund Balance$120,667,713$127,171,438▲ $6,503,725
Total Liabilities and Net Assets / Fund Balance$434,720,951$429,930,339▼ $4,790,612

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$346,620,575$146,525,281$493,145,856
Buildings$13,405,233$6,616,368$20,021,601
Land$9,894,272-$9,894,272
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dwayne CartwrightPresident & CEOFT$357,400$104,047$461,447
Tim MobleyVice President Engineering & OperationsFT$177,834$173,955$351,789
Scott ShepherdVP Customer ServiceFT$161,059$151,228$312,287
Louise MeadeVice President of Human ResourcesFT$150,417$155,514$305,931
Mark GaddyVice President of Economic DevelopmentFT$142,563$155,723$298,286
Tony CapobiancoVice President of Information SystemsFT$149,287$83,154$232,441
Joel StevensVice President FinanceFT$136,227$23,213$159,440
H BrunsonChairmanPT$44,719$400$45,119
W DewittSecretary/TreasurerPT$41,356$400$41,756
Cp ShulerBoard MemberPT$38,655$400$39,055
Willis SandersVice ChairmanPT$37,675$400$38,075
Henry Chavis SrBoard MemberPT$35,075$400$35,475
C CaddellBoard MemberPT$34,329$400$34,729
George McfaddenBoard MemberPT$33,175$400$33,575
M MooreBoard MemberPT$33,054$300$33,354
Sam GourdineBoard MemberPT$3,950$100$4,050
Robert VandrossBoard MemberPT$3,400$100$3,500
J Gibbs SrBoard MemberPT$2,545$100$2,645

Highest Paid Contractors

ContractorServicesLocationCompensation
Sumter UtilitiesConstructionPO BOX 846391, Dallas, TX 75284$3,803,843
AsplundhR-o-w ClearingPO BOX 532729, Atlanta, GA 30353$2,958,060
Pinnacle ConstructionBoringPO BOX 51505, Summerville, SC 29485$1,611,927
USIC Locating Services LLCLocating Underground ServicesPO Box 713359, Cincinnati, OH 45271$553,844
Lucas Tree ExpertsR-o-w ClearingPO BOX 958, Portland, ME 04104$477,624
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$281,771,127
Investment Income
$2,410,322
Other Revenue
$713,802
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$284,895,251
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$284,895,251
Total Revenue per Form 990
$284,895,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$275,616,965
Salaries, Compensation, and Employee Benefits$928,820
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$17,315,596
Other Expenses---$13,927,803
Benefits to Members---$8,349,466
Interest---$6,692,457
Current Officers, Directors, Trustees, and Key Employees---$928,820
Total Functional Expenses$0$0$0$284,895,251

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$284,895,251
Expenses per Audited Statements$276,545,785
Total Expenses per Audited Statements$276,545,785
Expenses Not Reported on Financial Statements$8,349,466
Other Expense Adjustments$8,349,466
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
Margin Stabilization Plan$26,912,775
Post Retirement Benefits$21,366,100
Accrued Vacation and Sick Leave$2,498,422
Accrued Taxes$2,480,566
Accrued Interest$696,348
Accrued Payroll$435,855
Miscellanous Accruals$285,863
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 the spring of 2017.”

Form 990, Part VI, Section C, Line 19

“The form 990 is available at all districts 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
Joel Stevens
Title
VP Finance
Phone
8437618200
Signed
2018-11-12

Organization Details

Principal Officer
Dwayne Cartwright
Formed
1940
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
330
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 25

“The corporation's records are maintained in accordance with the uniform system of accounts prescribed by the federal energy regulatory commission (18cfr. Part 101). Those practices utilize allocation of certain expenses based on labor charges or other allocation bases. As a result, it would require significant effort to break out expenses in the functional categories provided for on the statement of functional expenses. Management has opted to classify its expenses on the statement of functional expenses in the same manner it reports its financial results to lenders and its member-owners.”

Form 990, Part XI, Line 9

“Assignments 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 utlimate 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 any patronage capital / margins. This entry reconciles the audited financial statements with expenses reported in this return.”

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IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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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/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt11101533
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1223913
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt13174728
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt14150879
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt15155141
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1679627
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt17156565
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IRS990/Form990PartVIISectionAGrp/PersonNm1M MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm2W DEWITT
IRS990/Form990PartVIISectionAGrp/PersonNm3C CADDELL
IRS990/Form990PartVIISectionAGrp/PersonNm4WILLIS SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm5CP SHULER
IRS990/Form990PartVIISectionAGrp/PersonNm6HENRY CHAVIS SR
IRS990/Form990PartVIISectionAGrp/PersonNm7GEORGE MCFADDEN
IRS990/Form990PartVIISectionAGrp/PersonNm8J GIBBS SR
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBERT VANDROSS
IRS990/Form990PartVIISectionAGrp/PersonNm10SAM GOURDINE
IRS990/Form990PartVIISectionAGrp/PersonNm11DWAYNE CARTWRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm12JOEL STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm13TIM MOBLEY
IRS990/Form990PartVIISectionAGrp/PersonNm14SCOTT SHEPHERD
IRS990/Form990PartVIISectionAGrp/PersonNm15LOUISE MEADE
IRS990/Form990PartVIISectionAGrp/PersonNm16TONY CAPOBIANCO
IRS990/Form990PartVIISectionAGrp/PersonNm17MARK GADDY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt133054
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt241356
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt334329
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt437675
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt538655
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt635075
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt733175
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt82545
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt93400
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12135527
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15150790
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16152814
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2400
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4400
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5400
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7400
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE PRESIDENT FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDENT ENGINEERING & OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP CUSTOMER SERVICE
IRS990/Form990PartVIISectionAGrp/TitleTxt15VICE PRESIDENT OF HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE PRESIDENT OF INFORMATION SYSTEMS
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE PRESIDENT OF ECONOMIC DEVELOPMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01940
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
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/GrossReceiptsAmt0284900149
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt029600
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IncmFromInvestBondProceedsGrp/UnrelatedBusinessRevenueAmt00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt035
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/InterestGrp/TotalAmt06692457
IRS990/InventoriesForSaleOrUseGrp/BOYAmt05060256
IRS990/InventoriesForSaleOrUseGrp/EOYAmt05792290
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt02410322
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02410322
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsProgramRelatedGrp/BOYAmt018382464
IRS990/InvestmentsProgramRelatedGrp/EOYAmt019425524
IRS990/IRPDocumentCnt0101
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0153141649
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0348133145
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0369920080
IRS990/LandBldgEquipCostOrOtherBssAmt0523061729
IRS990/LegalDomicileStateCd0SC
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt04898
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt0284205591
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt024142
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt024142
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0TO PROVIDE AFFORDABLE ELECTRIC SERVICE TO OUR MEMBERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0228252952
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0211136905
IRS990/NetAssetsOrFundBalancesBOYAmt0120667713
IRS990/NetAssetsOrFundBalancesEOYAmt0127171438
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt024702
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt024702
IRS990/NetUnrelatedBusTxblIncmAmt024702
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07083830
IRS990/OtherAssetsTotalGrp/EOYAmt05782256
IRS990/OtherChangesInNetAssetsAmt06503725
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION - OPERATIONS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2CUST. SVC. INFORMATIONAL & SALES
IRS990/OtherExpensesGrp/Desc3ADMIN & GENERAL/ALL OTHERS
IRS990/OtherExpensesGrp/TotalAmt0200484852
IRS990/OtherExpensesGrp/TotalAmt128971187
IRS990/OtherExpensesGrp/TotalAmt28225070
IRS990/OtherExpensesGrp/TotalAmt313927803
IRS990/OtherLiabilitiesGrp/BOYAmt052631034
IRS990/OtherLiabilitiesGrp/EOYAmt054675929
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0CAPITAL CREDITS
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0664958
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0664958
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt0689100
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherSourcesGrossIncomeAmt0689660
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01200
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0231630
IRS990/PrincipalOfficerNm0DWAYNE CARTWRIGHT
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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/ExclusionAmt1305240
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0281424888
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt240999
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0281424888
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1305240
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt240999
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$429,930,339
Liabilities
$302,758,901
Net assets
$127,171,438
Revenue
$284,895,251
Expenses
$284,895,251
Net income
$0
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