Civic Intelligence

Black River Electric

990 • Fiscal year 2020 • EIN 57-0124487

Jan 01, 2020 to Dec 31, 2020 • Filed on May 19, 2021

Organization ProfileWWW.BLACKRIVER.COOP
PO Box 130Sumter, SC 29151-0130

(803) 469-8060

Siviq Scores

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

Liabilities / Assets

5th percentile

0.20x

Higher debt load relative to assets than 5% of similar nonprofits.

2020 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

2nd percentile

0.30x

Higher debt load relative to revenue than 2% of similar nonprofits.

2020 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2020

Net Margin

53rd percentile

0.0%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$342,925

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2020 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2020

Asset Growth

72nd percentile

7.0%

Faster asset growth than 72% of similar nonprofits.

2020 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

19th percentile

-5.4%

Faster revenue growth than 19% of similar nonprofits.

2020 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$113,057,071

Up $7,351,453 (+7.0%) from 2019

Net Assets

Up

$90,228,402

Up $5,121,689 (+6.0%) from 2019

Liabilities

Up

$22,828,669

Up $2,229,764 (+11%) from 2019

Revenue And Expenses
Liabilities / Revenue2nd percentileNet Margin53rd percentile

Revenue

Down

$76,630,599

Down $4,384,828 (-5.4%) from 2019

Expenses

Down

$76,630,599

Down $4,384,828 (-5.4%) from 2019

Net Income

Flat

$0

Flat from 2019

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

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

$150M$100M$50M$0Assets 2011: $93,235,266Liabilities 2011: $9,370,127Net Assets 2011: $83,865,1392011Assets 2012: $91,585,446Liabilities 2012: $9,604,625Net Assets 2012: $81,980,8212012Assets 2013: $93,834,688Liabilities 2013: $21,404,523Net Assets 2013: $72,430,1652013Assets 2014: $95,908,603Liabilities 2014: $26,662,481Net Assets 2014: $69,246,1222014Assets 2015: $95,368,573Liabilities 2015: $24,688,213Net Assets 2015: $70,680,3602015Assets 2016: $96,764,503Liabilities 2016: $23,655,904Net Assets 2016: $73,108,5992016Assets 2017: $94,888,340Liabilities 2017: $21,380,865Net Assets 2017: $73,507,4752017Assets 2018: $95,905,586Liabilities 2018: $18,666,371Net Assets 2018: $77,239,2152018Assets 2019: $105,705,618Liabilities 2019: $20,598,905Net Assets 2019: $85,106,7132019Assets 2020: $113,057,071Liabilities 2020: $22,828,669Net Assets 2020: $90,228,4022020Assets 2021: $113,858,929Liabilities 2021: $21,163,844Net Assets 2021: $92,695,0852021Assets 2022: $117,414,050Liabilities 2022: $25,226,014Net Assets 2022: $92,188,0362022Assets 2023: $117,310,262Liabilities 2023: $23,059,580Net Assets 2023: $94,250,6822023Assets 2024: $133,206,928Liabilities 2024: $33,554,711Net Assets 2024: $99,652,2172024

Highlighted filing

2020

Assets$113,057,071
Liabilities$22,828,669
Net Assets$90,228,402
Open 2020 Filing

Operations Trend

Revenue Growth19th percentile

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

$100M$50M$0Revenue 2011: $73,688,590Expenses 2011: $73,688,590Net Income 2011: $02011Revenue 2012: $69,858,502Expenses 2012: $69,858,502Net Income 2012: $02012Revenue 2013: $72,775,455Expenses 2013: $72,775,455Net Income 2013: $02013Revenue 2014: $80,377,020Expenses 2014: $80,377,020Net Income 2014: $02014Revenue 2015: $79,585,520Expenses 2015: $79,585,520Net Income 2015: $02015Revenue 2016: $77,831,926Expenses 2016: $77,831,926Net Income 2016: $02016Revenue 2017: $76,132,680Expenses 2017: $76,132,680Net Income 2017: $02017Revenue 2018: $82,587,386Expenses 2018: $82,587,386Net Income 2018: $02018Revenue 2019: $81,015,427Expenses 2019: $81,015,427Net Income 2019: $02019Revenue 2020: $76,630,599Expenses 2020: $76,630,599Net Income 2020: $02020Revenue 2021: $78,967,679Expenses 2021: $78,797,917Net Income 2021: $169,7622021Revenue 2022: $81,509,499Expenses 2022: $81,063,934Net Income 2022: $445,5652022Revenue 2023: $84,028,518Expenses 2023: $83,588,926Net Income 2023: $439,5922023Revenue 2024: $91,445,577Expenses 2024: $90,883,829Net Income 2024: $561,7482024

Highlighted filing

2020

Revenue$76,630,599
Expenses$76,630,599
Net Income$0
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 19, 2021
Return Version
2020v4.0
Gross Receipts
$76,722,338
Mission and Program Overview

Mission

To provide rural and urban areas within the cooperatives's assigned service territory with reliable, affordable electricity while also providing members with excellent customer service.

Distribution of electricity to residential, commercial, and industrial members within the cooperative's assigned service territories.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$85,106,713$90,228,402▲ $5,121,689
Land, Buildings, and Equipment, Net$78,063,508$78,360,493▲ $296,985
Cash and Non-Interest-Bearing Accounts$4,414,219$11,315,310▲ $6,901,091
Accounts Receivable$8,850,091$8,942,657▲ $92,566
Investments Program Related$8,421,148$8,540,054▲ $118,906
Savings and Temporary Cash Investments$4,737,374$4,731,636▼ $5,738
Inventories for Sale or Use$552,590$537,495▼ $15,095
Prepaid Expenses and Deferred Charges$365,738$314,701▼ $51,037
Other Notes and Loans Receivable, Net$269,596$269,925▲ $329
Total Assets$105,705,618$113,057,071▲ $7,351,453
Other Assets Total$31,354$44,800▲ $13,446
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,782,944$11,292,050▲ $2,509,106
Accounts Payable and Accrued Expenses$6,604,423$7,172,709▲ $568,286
Other Liabilities$5,211,538$4,363,910▼ $847,628
Total Liabilities$20,598,905$22,828,669▲ $2,229,764
Net Assets / Fund Balance
Total Net Assets Fund Balance$85,106,713$90,228,402▲ $5,121,689
Total Liabilities and Net Assets / Fund Balance$105,705,618$113,057,071▲ $7,351,453

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$75,732,671$58,646,826$134,379,497
Buildings$1,976,611$2,442,896$4,419,507
Land$651,211-$651,211
Investment Program Related Org$937,011--
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles R AllenCEOFT$227,127$121,814$342,925
Betty J WelshVP Finance &FT$166,233$62,839$229,072
Betty J WelshVP Finance & Admin-$150,217$77,427$229,072
James F MoyeVP EngineeriFT$118,656$43,793$162,449
James F MoyeVP Engineering-$102,624$55,237$162,449
John Baker JrCrew ForemanFT$107,271$35,714$142,985
Brenda P ChaseGovern & PubFT$109,624$28,761$138,385
Gregory HowardLine SuperinFT$105,750$21,916$127,666
Charlie RichardsonCrew ForemanFT$101,384$1,705$103,089
George R GibsonVice Chair.-PT$2,720$18,544$21,264
Mary B SheridanChair-trustPT$18,302-$18,302
Caren SchwartzTrusteePT$17,902-$17,902
Julian Dixon JrChaplain-truPT$17,639-$17,639
Ivan SandersTrusteePT$17,329-$17,329
Ronald FountainTrusteePT$16,945-$16,945
David L TindalSecretary-trPT$16,702-$16,702
Thomas DurantTrusteePT$16,129-$16,129
Dr Ronald PrestageTrusteePT$11,902-$11,902

Highest Paid Contractors

ContractorServicesLocationCompensation
Right Way Tree ExpertsRight Of Way/trPO BOX 191, Summerton, SC 29148$1,126,970
Southeaster Data Coop INCConsumer Acct.100 ASHFORD CENTER NORTH SUITE 500, Atlanta, GA 30338$434,423
Sumter UtilitiesPower Line ConsPO BOX 971, Sumter, SC 29150$362,267
Power Line ClearingRight Of WayPO BOX 971, Sumter, SC 29151$351,686
Surebill (env & Forms)Bill Print/mail2505 MEADOWBROOK PKY, Duluth, GA 30096$173,915
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$76,128,814
Investment Income
$265,055
Other Revenue
$236,730
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$76,630,599
Revenue Not Reported on Form 990
$1,039,240
Total Revenue per Audited Statements
$77,669,839
Total Revenue per Form 990
$76,630,599
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,093,231
Salaries, Compensation, and Employee Benefits$6,794,865
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$6,742,503--$6,742,503
Depreciation Depletion$4,943,412--$4,943,412
Other Salaries and Wages$3,568,729--$3,568,729
Pension Plan Contributions$1,567,358--$1,567,358
Office Expenses$745,114--$745,114
Other Employee Benefits$675,376--$675,376
Current Officers, Directors, Trustees, and Key Employees$574,490--$574,490
Other Expenses$512,463--$512,463
Payroll Taxes$408,912--$408,912
Interest$321,797--$321,797
Information Technology$300,002--$300,002
Occupancy$251,488--$251,488
Insurance$158,793--$158,793
Conferences and Meetings$73,219--$73,219
Fees for Services Accounting$47,099--$47,099
Fees for Services Legal$25,028--$25,028
Advertising$17,711--$17,711
Total Functional Expenses$76,630,599$0$0$76,630,599

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$76,630,599
Expenses per Audited Statements$69,888,096
Total Expenses per Audited Statements$69,888,096
Expenses Not Reported on Financial Statements$6,742,503
Other Expense Adjustments$6,742,503
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
Consumer Deposits$3,101,354
Other Long-term Liabilities$949,776
Other Deferred Credits$312,780
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 35% controlled entity
No
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, Page 6, Part VI, Line 6

“The cooperative has members as provided for in its bylaws.”

Form 990, Page 6, Part VI, Line 7A

“The cooperative has members who elect members of the governing body as provided for in its bylaws.”

Form 990, Page 6, Part VI, Line 7B

“Certain decisions of the governing body are subect to approval by members as provided for in its bylaws.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed in detail by the cooperative's governing body, with all supporting documentation made available to them before being filed.”

Form 990, Page 6, Part VI, Line 12C

“Black river electric cooperative's conflict of interest policy is directed to trustees/directors, officers, as well as other management personnel who can influence the actions of the cooperative. Disclosure and determination of the presence of a potential conflict of interest for any management personnel is made to the chief executive officer(or if she or he is the one with the conflict to the board chair), who then brings the matter to the attention of the board or a duly appointed committee thereof. Disclosure involving trustees/directors is to be made to the board chair (or if she or he is the one with the conflict to vice-chair), who then brings the matter to the attention of the board or a duly appointed committee thereof. In addition, each trustee/director, officer, and other management personnel are required to annually complete a disclosure statement identifying any potential transactions over prior year which could present itself as a potential conflict of interest.”

Form 990, Page 6, Part VI, Line 15A

“A duly appointed committee of trustees, wage & salary committee, is organized on an annual basis. This committee reviews salaries of all employees including ceo, officers, and key employees. In addition, the committee also annually reviews statewide salary surveys, market place cola, as well as recommendations of independent wage survey conducted by third party. The recommendation of the wage & salary committee is then brought before the full board at the next board meeting where it is considered, discussed, adopted or rejected. Executive sessions are also used in this compensation process.”

Form 990, Page 6, Part VI, Line 15B

“SEE 15A. ABOVE”

Form 990, Page 6, Part VI, Line 19

“The financial statements (audited annual statements) and bylaws are available to the public on the cooperative's website (www.blackriver.coop) in pdf format. Other governing documents and conflict of interest policy are available to the public upon request through public inspection at the cooperative headquarters or providing copies to members upon request to one of the cooperative's management employees.”

Filing and Contact Details

Filer

Filer Name
Black River Electric
EIN
57-0124487
Phone
8034698060
Address
PO BOX 130, SUMTER, SC 29151-0130

Signing Officer

Name
Charles R Allen
Title
CEO
Phone
8034698060
Signed
2021-05-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles R Allen
Formed
1939
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
80

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
Bryan a Isgett
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Membership fees 2,440 benefits paid to members 6,742,506 asc-980 regulatory liability 1,039,240 other equities 184,277 retirement of patronage capital -2,846,774 total 5,121,689”

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

“Asc-980 regulatory liability 1,039,240”

Schedule D, Page 4, Part XII, Line 4B

“Patronage capital credits 6,742,503”

Raw XML AppendixShowing 400 of 578 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06604423
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07172709
IRS990/AccountsReceivableGrp/BOYAmt08850091
IRS990/AccountsReceivableGrp/EOYAmt08942657
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0DISTRIBUTION OF ELECTRICITY TO RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL MEMBERS WITHIN THE COOPERATIVE'S ASSIGNED SERVICE TERRITORIES.
IRS990/AdvertisingGrp/ProgramServicesAmt017711
IRS990/AdvertisingGrp/TotalAmt017711
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/ProgramServicesAmt06742503
IRS990/BenefitsToMembersGrp/TotalAmt06742503
IRS990/BooksInCareOfDetail/PersonNm0BETTY J WELSH
IRS990/BooksInCareOfDetail/PhoneNum08034698060
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01121 N PIKE RD WEST
IRS990/BooksInCareOfDetail/USAddress/CityNm0SUMTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029513
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt04414219
IRS990/CashNonInterestBearingGrp/EOYAmt011315310
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt06
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0574490
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0574490
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt073219
IRS990/ConferencesMeetingsGrp/TotalAmt073219
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/ContractorCompensationGrp/CompensationAmt01126970
IRS990/ContractorCompensationGrp/CompensationAmt1434423
IRS990/ContractorCompensationGrp/CompensationAmt2362267
IRS990/ContractorCompensationGrp/CompensationAmt3351686
IRS990/ContractorCompensationGrp/CompensationAmt4173915
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0PO BOX 191
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1100 ASHFORD CENTER NORTH SUITE 500
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 971
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3PO BOX 971
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt42505 MEADOWBROOK PKY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SUMMERTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1ATLANTA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2SUMTER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3SUMTER
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4DULUTH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0SC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2SC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3SC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4GA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd029148
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd130338
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd229150
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd329151
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd430096
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0RIGHT WAY TREE EXPERTS
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1SOUTHEASTER DATA COOP INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2SUMTER UTILITIES
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3POWER LINE CLEARING
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4SUREBILL (ENV & FORMS)
IRS990/ContractorCompensationGrp/ServicesDesc0RIGHT OF WAY/TR
IRS990/ContractorCompensationGrp/ServicesDesc1CONSUMER ACCT.
IRS990/ContractorCompensationGrp/ServicesDesc2POWER LINE CONS
IRS990/ContractorCompensationGrp/ServicesDesc3RIGHT OF WAY
IRS990/ContractorCompensationGrp/ServicesDesc4BILL PRINT/MAIL
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt06742503
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0265055
IRS990/CYOtherExpensesAmt063093231
IRS990/CYOtherRevenueAmt0236730
IRS990/CYProgramServiceRevenueAmt076128814
IRS990/CYRevenuesLessExpensesAmt00
IRS990/CYSalariesCompEmpBnftPaidAmt06794865
IRS990/CYTotalExpensesAmt076630599
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt076630599
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt04943412
IRS990/DepreciationDepletionGrp/TotalAmt04943412
IRS990/Desc0N/A
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt080
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt047099
IRS990/FeesForServicesAccountingGrp/TotalAmt047099
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt025028
IRS990/FeesForServicesLegalGrp/TotalAmt025028
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt28.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt38.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt48.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt58.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt78.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt88.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt950.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1055.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1145.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1345.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1445.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1545.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd1X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd2X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd3X
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt118544
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt999715
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1062839
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1143793
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1228761
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1335714
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1421916
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt151705
IRS990/Form990PartVIISectionAGrp/PersonNm0MARY B SHERIDAN
IRS990/Form990PartVIISectionAGrp/PersonNm1GEORGE R GIBSON
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID L TINDAL
IRS990/Form990PartVIISectionAGrp/PersonNm3JULIAN DIXON JR
IRS990/Form990PartVIISectionAGrp/PersonNm4THOMAS DURANT
IRS990/Form990PartVIISectionAGrp/PersonNm5RONALD FOUNTAIN
IRS990/Form990PartVIISectionAGrp/PersonNm6DR RONALD PRESTAGE
IRS990/Form990PartVIISectionAGrp/PersonNm7IVAN SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm8CAREN SCHWARTZ
IRS990/Form990PartVIISectionAGrp/PersonNm9CHARLES R ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm10BETTY J WELSH
IRS990/Form990PartVIISectionAGrp/PersonNm11JAMES F MOYE
IRS990/Form990PartVIISectionAGrp/PersonNm12BRENDA P CHASE
IRS990/Form990PartVIISectionAGrp/PersonNm13JOHN BAKER JR
IRS990/Form990PartVIISectionAGrp/PersonNm14GREGORY HOWARD
IRS990/Form990PartVIISectionAGrp/PersonNm15CHARLIE RICHARDSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt018302
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12720
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt216702
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt317639
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt416129
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt516945
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt611902
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt717329
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt817902
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9243210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10166233
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11118656
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12109624
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13107271
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14105750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15101384
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR-TRUST
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR.-
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY-TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAPLAIN-TRU
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP FINANCE &
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP ENGINEERI
IRS990/Form990PartVIISectionAGrp/TitleTxt12GOVERN & PUB
IRS990/Form990PartVIISectionAGrp/TitleTxt13CREW FOREMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt14LINE SUPERIN
IRS990/Form990PartVIISectionAGrp/TitleTxt15CREW FOREMAN
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01939
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt047361
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0139100
IRS990/GrossReceiptsAmt076722338
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0300002
IRS990/InformationTechnologyGrp/TotalAmt0300002
IRS990/InsuranceGrp/ProgramServicesAmt0158793
IRS990/InsuranceGrp/TotalAmt0158793
IRS990/InterestGrp/ProgramServicesAmt0321797
IRS990/InterestGrp/TotalAmt0321797
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0552590
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0537495
IRS990/InvestmentIncomeGrp/ExclusionAmt0217694
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0217694
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt08421148
IRS990/InvestmentsProgramRelatedGrp/EOYAmt08540054
IRS990/IRPDocumentCnt057
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt061089722
IRS990/LandBldgEquipBasisNetGrp/BOYAmt078063508
IRS990/LandBldgEquipBasisNetGrp/EOYAmt078360493
IRS990/LandBldgEquipCostOrOtherBssAmt0139450215
IRS990/LegalDomicileStateCd0SC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt091739
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt076097798
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE RURAL AND URBAN AREAS WITHIN THE COOPERATIVES'S ASSIGNED SERVICE TERRITORY WITH RELIABLE, AFFORDABLE ELECTRICITY WHILE ALSO PROVIDING MEMBERS WITH EXCELLENT CUSTOMER SERVICE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08782944
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011292050
IRS990/NetAssetsOrFundBalancesBOYAmt085106713
IRS990/NetAssetsOrFundBalancesEOYAmt090228402
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt047361
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt047361
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0251488
IRS990/OccupancyGrp/TotalAmt0251488
IRS990/OfficeExpensesGrp/ProgramServicesAmt0745114
IRS990/OfficeExpensesGrp/TotalAmt0745114
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt031354
IRS990/OtherAssetsTotalGrp/EOYAmt044800
IRS990/OtherChangesInNetAssetsAmt05121689
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0675376
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0675376
IRS990/OtherExpensesGrp/Desc0PURCHASE POWER
IRS990/OtherExpensesGrp/Desc1PROPERTY TAX
IRS990/OtherExpensesGrp/Desc2OPS, MAINT,CONS, A&G
IRS990/OtherExpensesGrp/Desc3GROSS RECEIPTS/EXCISE TAX
IRS990/OtherExpensesGrp/ProgramServicesAmt052267202
IRS990/OtherExpensesGrp/ProgramServicesAmt12122569
IRS990/OtherExpensesGrp/ProgramServicesAmt21307334
IRS990/OtherExpensesGrp/ProgramServicesAmt3512463
IRS990/OtherExpensesGrp/TotalAmt052267202
IRS990/OtherExpensesGrp/TotalAmt12122569
IRS990/OtherExpensesGrp/TotalAmt21307334
IRS990/OtherExpensesGrp/TotalAmt3512463
IRS990/OtherLiabilitiesGrp/BOYAmt05211538
IRS990/OtherLiabilitiesGrp/EOYAmt04363910
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0CAPITAL CREDITS
IRS990/OtherRevenueMiscGrp/Desc1EQUITY EARNINGS SUBSIDIARY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0254074
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-17344
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0254074
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-17344
IRS990/OtherRevenueTotalAmt0236730
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03568729
IRS990/OtherSalariesAndWagesGrp/TotalAmt03568729
IRS990/OtherSourcesGrossIncomeAmt0543032
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0269596
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0269925
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0408912
IRS990/PayrollTaxesGrp/TotalAmt0408912
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01567358
IRS990/PensionPlanContributionsGrp/TotalAmt01567358
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0365738
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0314701
IRS990/PrincipalOfficerNm0CHARLES R ALLEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1POLE RENTAL
IRS990/ProgramServiceRevenueGrp/ExclusionAmt031016
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt076097798
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt076097798
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt131016
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt06352240
IRS990/PYInvestmentIncomeAmt0250249
IRS990/PYOtherExpensesAmt068101107
IRS990/PYOtherRevenueAmt0199627
IRS990/PYProgramServiceRevenueAmt080565551
IRS990/PYSalariesCompEmpBnftPaidAmt06562080
IRS990/PYTotalExpensesAmt081015427
IRS990/PYTotalRevenueAmt081015427
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt085106713
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt090228402
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04737374
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04731636
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01976611
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02442896
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04419507
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt06742503
IRS990ScheduleD/ExpensesSubtotalAmt069888096
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt05901019
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt11702024
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2937011
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN ASSOC. ORGANIZATIONS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN SUBSIDIARY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2SPECIAL FUNDS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/LandGrp/BookValueAmt0651211
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0651211
IRS990ScheduleD/OtherExpensesNotIncludedAmt06742503
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt075732671
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt058646826
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0134379497
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03101354
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1949776
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2312780
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LONG-TERM LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER DEFERRED CREDITS
IRS990ScheduleD/OtherRevenueAmt01039240
IRS990ScheduleD/RevenueNotReportedAmt01039240
IRS990ScheduleD/RevenueSubtotalAmt076630599
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC-980 REGULATORY LIABILITY 1,039,240
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PATRONAGE CAPITAL CREDITS 6,742,503

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$113,057,071
Liabilities
$22,828,669
Net assets
$90,228,402
Revenue
$76,630,599
Expenses
$76,630,599
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$133$33.6$99.7$91.4$90.9$0.56
2023Detailed filing. Detailed filing data is available for this year.$117$23.1$94.3$84.0$83.6$0.44
2022Detailed filing. Detailed filing data is available for this year.$117$25.2$92.2$81.5$81.1$0.45
2021Detailed filing. Detailed filing data is available for this year.$114$21.2$92.7$79.0$78.8$0.17
2020Detailed filing. Detailed filing data is available for this year.$113$22.8$90.2$76.6$76.6$0.00
2019Detailed filing. Detailed filing data is available for this year.$106$20.6$85.1$81.0$81.0$0.00
2018Detailed filing. Detailed filing data is available for this year.$95.9$18.7$77.2$82.6$82.6$0.00
2017Detailed filing. Detailed filing data is available for this year.$94.9$21.4$73.5$76.1$76.1$0.00
2016Detailed filing. Detailed filing data is available for this year.$96.8$23.7$73.1$77.8$77.8$0.00
2015Summary only. Only limited summary data is available for this year.$95.4$24.7$70.7$79.6$79.6$0.00
2014Summary only. Only limited summary data is available for this year.$95.9$26.7$69.2$80.4$80.4$0.00
2013Summary only. Only limited summary data is available for this year.$93.8$21.4$72.4$72.8$72.8$0.00
2012Summary only. Only limited summary data is available for this year.$91.6$9.60$82.0$69.9$69.9$0.00
2011Summary only. Only limited summary data is available for this year.$93.2$9.37$83.9$73.7$73.7$0.00