Civic Intelligence

Blue Ridge Electric Cooperative

990 • Fiscal year 2020 • EIN 57-0125510

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 03, 2021

PO Box 277Pickens, SC 29671

(864) 878-6326

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.79x

Higher debt load relative to assets than 93% of similar nonprofits.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

1.87x

Higher debt load relative to revenue than 73% of similar nonprofits.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2020

Net Margin

62nd percentile

0.4%

Higher net margin than 62% of similar nonprofits.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

47th percentile

$510,991

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2020

Asset Growth

63rd percentile

5.5%

Faster asset growth than 63% of similar nonprofits.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

56th percentile

-1.0%

Faster revenue growth than 56% of similar nonprofits.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Assets

Up

$367,130,472

Up $19,007,932 (+5.5%) from 2019

Net Assets

Up

$78,724,594

Up $1,885,994 (+2.5%) from 2019

Liabilities

Up

$288,405,878

Up $17,121,938 (+6.3%) from 2019

Revenue

Down

$154,190,330

Down $1,514,648 (-1.0%) from 2019

Expenses

Up

$153,647,075

Up $2,479,479 (+1.6%) from 2019

Net Income

Down

$543,255

Down $3,994,127 (-88%) from 2019

Historical Trend

Balance Sheet Trend

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

$600M$400M$200M$0Assets 2010: $244,153,756Liabilities 2010: $198,851,482Net Assets 2010: $45,302,2742010Assets 2011: $260,654,941Liabilities 2011: $214,730,480Net Assets 2011: $45,924,4612011Assets 2012: $260,833,053Liabilities 2012: $218,626,247Net Assets 2012: $42,206,8062012Assets 2013: $270,573,592Liabilities 2013: $224,277,551Net Assets 2013: $46,296,0412013Assets 2014: $274,170,842Liabilities 2014: $225,711,205Net Assets 2014: $48,459,6372014Assets 2015: $269,570,645Liabilities 2015: $222,464,463Net Assets 2015: $47,106,1822015Assets 2016: $287,303,518Liabilities 2016: $237,692,297Net Assets 2016: $49,611,2212016Assets 2017: $306,519,615Liabilities 2017: $239,510,095Net Assets 2017: $67,009,5202017Assets 2018: $331,427,437Liabilities 2018: $258,835,304Net Assets 2018: $72,592,1332018Assets 2019: $348,122,540Liabilities 2019: $271,283,940Net Assets 2019: $76,838,6002019Assets 2020: $367,130,472Liabilities 2020: $288,405,878Net Assets 2020: $78,724,5942020Assets 2021: $400,749,868Liabilities 2021: $320,158,373Net Assets 2021: $80,591,4952021Assets 2022: $468,943,378Liabilities 2022: $382,186,316Net Assets 2022: $86,757,0622022Assets 2023: $521,171,594Liabilities 2023: $445,319,342Net Assets 2023: $75,852,2522023Assets 2024: $580,061,882Liabilities 2024: $491,191,575Net Assets 2024: $88,870,3072024

Highlighted filing

2020

Assets$367,130,472
Liabilities$288,405,878
Net Assets$78,724,594

Operations Trend

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

$300M$200M$100M$0-$100MRevenue 2010: $129,303,070Expenses 2010: $130,479,297Net Income 2010: -$1,176,2272010Revenue 2011: $131,596,907Expenses 2011: $131,596,907Net Income 2011: $02011Revenue 2012: $127,251,459Expenses 2012: $129,914,595Net Income 2012: -$2,663,1362012Revenue 2013: $135,704,925Expenses 2013: $134,851,462Net Income 2013: $853,4632013Revenue 2014: $141,998,931Expenses 2014: $142,792,007Net Income 2014: -$793,0762014Revenue 2015: $145,580,010Expenses 2015: $146,204,810Net Income 2015: -$624,8002015Revenue 2016: $146,091,279Expenses 2016: $146,263,842Net Income 2016: -$172,5632016Revenue 2017: $151,323,335Expenses 2017: $139,963,031Net Income 2017: $11,360,3042017Revenue 2018: $157,621,122Expenses 2018: $156,759,281Net Income 2018: $861,8412018Revenue 2019: $155,704,978Expenses 2019: $151,167,596Net Income 2019: $4,537,3822019Revenue 2020: $154,190,330Expenses 2020: $153,647,075Net Income 2020: $543,2552020Revenue 2021: $161,177,852Expenses 2021: $161,807,311Net Income 2021: -$629,4592021Revenue 2022: $180,062,478Expenses 2022: $180,062,478Net Income 2022: $02022Revenue 2023: $178,719,621Expenses 2023: $190,220,058Net Income 2023: -$11,500,4372023Revenue 2024: $208,026,506Expenses 2024: $208,026,506Net Income 2024: $02024

Highlighted filing

2020

Revenue$154,190,330
Expenses$153,647,075
Net Income$543,255
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 3, 2021
Return Version
2020v4.0
Gross Receipts
$154,190,330
Mission and Program Overview

Mission

To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$306,477,067$324,281,877▲ $17,804,810
Rtn Earn Endowment Incm Other Fnds$76,516,657$78,396,714▲ $1,880,057
Accounts Receivable$17,980,187$19,145,901▲ $1,165,714
Investments Program Related$15,655,902$18,265,133▲ $2,609,231
Cash and Non-Interest-Bearing Accounts$4,405,384$2,349,037▼ $2,056,347
Inventories for Sale or Use$1,976,915$1,908,713▼ $68,202
Other Notes and Loans Receivable, Net$1,113,040$1,396,029▲ $282,989
Cap Stk Tr Prin Current Funds$321,943$327,880▲ $5,937
Prepaid Expenses and Deferred Charges$495,071$-234,818▼ $729,889
Total Assets$348,122,540$367,130,472▲ $19,007,932
Other Assets Total$18,974$18,600▼ $374
Liabilities
Mortgage Notes Payable Secured by Investment Property$211,802,170$221,432,927▲ $9,630,757
Accounts Payable and Accrued Expenses$35,019,876$41,196,278▲ $6,176,402
Other Liabilities$24,461,894$25,776,673▲ $1,314,779
Total Liabilities$271,283,940$288,405,878▲ $17,121,938
Net Assets / Fund Balance
Total Net Assets Fund Balance$76,838,600$78,724,594▲ $1,885,994
Total Liabilities and Net Assets / Fund Balance$348,122,540$367,130,472▲ $19,007,932

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$321,140,698$132,753,027$453,893,725
Land$3,141,179-$3,141,179
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James LovinggoodPresident &FT$389,431$121,560$510,991
James LovinggoodPresident & CEO-$349,751$161,240$510,991
David CollinsVP FinanceFT$253,346$137,992$391,338
Samuel McmillanVP OperationFT$266,893$97,844$364,737
Samuel McmillanVP Operations-$245,407$119,330$364,737
Denise MccormickVP Member SeFT$259,729$93,374$353,103
Denise MccormickVP Member Services-$232,869$120,234$353,103
Mark WatersVP EngineeriFT$200,488$93,869$294,357
Mark WatersVP Engineering-$191,674$102,683$294,357
Terry BallengerVP CommunicaFT$196,901$89,021$285,922
Terry BallengerVP Communications-$182,519$103,403$285,922
J Spencer DaltonVice ChairmaPT$46,269-$46,269
Jimmy Lee DodgensDirectorPT$46,018-$46,018
Joel R DavisChairmanPT$45,469-$45,469
Kenneth SoutherlinDirectorPT$40,589-$40,589
William G ElrodDirectorPT$40,319-$40,319
Len TalleySecretaryPT$40,074-$40,074
Mendel StoneDirectorPT$38,818-$38,818
Ben G BoltDirectorPT$23,773-$23,773
Franklin M Looper JrTreasurerPT$13,202-$13,202

Highest Paid Contractors

ContractorServicesLocationCompensation
Trehel CorporationConstruction935 S MAIN ST, Greenville, SC 29601$6,282,342
Sumter UtilitiesConstruction1151 N PIKE W, Sumter, SC 29153$2,688,176
Pike ElectricConstruction1700 WATER PL SE, Atlanta, GA 30339$2,454,456
Caldwell LandscapingRow ClearingMURRAY DR, Mauldin, SC 29662$1,922,877
Sluder Urban ForestryRow Clearing108 E MAIN STREET, Westminster, SC 29693$1,829,858
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$153,916,992
Investment Income
$170,688
Other Revenue
$102,650
Change in Net Assets
$543,255
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$150,617,176
Salaries, Compensation, and Employee Benefits$845,522
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$12,527,648
All Other Expenses---$10,524,721
Other Expenses---$8,250,690
Interest---$7,829,458
Benefits to Members---$2,184,377
Current Officers, Directors, Trustees, and Key Employees---$845,522
Total Functional Expenses$0$0$0$153,647,075
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
Accum. Prov for Pension & Benefits$23,633,738
Consumer Deposits$2,142,935
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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 which are avaliable on the cooperative's website.

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 which are avaliable on the cooperative's website.

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

Certain decisions of the governing body are subject to approval by members as provided for in its bylaws which are avaliable on the cooperative's website.

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

Form 990 is reviewed by the board with all supporting documentation made available to them.

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

The corporation regularly and consistently monitors and enforces compliance with its bylaws and policies including bylaw provisions and policies related to conflicts of interest as provided for in its bylaws which are avaliable on the cooperative's website.

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

Compensation for the ceo is reviewed and approved through the use of a performance review conducted by the member-elected board.

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

Compensation for key employees is reviewed and approved through the use of a performance review conducted by the ceo.

Form 990, Page 6, Part VI, Line 19

The cooperative makes its financial statements available to the public as part of its form 990 and its bylaws are avaliable on the cooperative's website. The form 990 is available upon request as reflected in part vi section c line 18.

Filing and Contact Details

Filer

Filer Name
Blue Ridge Electric Cooperative
EIN
57-0125510
Phone
8648786326
Address
PO BOX 277, PICKENS, SC 29671

Signing Officer

Name
James Lovinggood
Title
President & CEO
Phone
8648786326
Signed
2021-11-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Lovinggood
Formed
1940
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
203

Preparer

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

Additional Explanations

Form 990, Part XI, Line 9

Memberships 5,937 patronage capital assigned 2,184,377 other equity 152,496 patronage capital retirements -1,000,071 total 1,342,739

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

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt2VP OPERATION
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP MEMBER SE
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP ENGINEERI
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP COMMUNICA
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/MissionDesc0TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
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IRS990/OtherExpensesGrp/TotalAmt38250690
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IRS990/PrincipalOfficerNm0JAMES LOVINGGOOD
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IRS990/ProgramServiceRevenueGrp/Desc2INVESTMENTS IN ASSOC. CAPITAL
IRS990/ProgramServiceRevenueGrp/Desc3OTHER ELECTRIC REVENUES
IRS990/ProgramServiceRevenueGrp/Desc4G&T CAPITAL CREDITS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11053291
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2988181
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3311225
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21053291
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4311225
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IRS990/PYSalariesCompEmpBnftPaidAmt0845852
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IRS990/PYTotalRevenueAmt0155704978
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt078396714
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0132753027
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IRS990ScheduleD/LandGrp/BookValueAmt03141179
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03141179
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12142935
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCUM. PROV FOR PENSION & BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONSUMER DEPOSITS
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IRS990ScheduleD/TotalLiabilityAmt025776673
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IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1253346
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2245407
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4191674
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5182519
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0930
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount22110
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount3870
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount41880
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount51050
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt0118104
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt199714
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt296362
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt485829
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt583813
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt21482
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt32808
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt48040
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt55208
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt038750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt133570
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt219376
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt325990
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt46934
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt513332
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES LOVINGGOOD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAVID COLLINS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2SAMUEL MCMILLAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3DENISE MCCORMICK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4MARK WATERS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5TERRY BALLENGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP FINANCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VP OPERATIONS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VP MEMBER SERVICES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VP ENGINEERING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5VP COMMUNICATIONS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0510991
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1391338
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2364737
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3353103
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt4294357
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE AVALIABLE ON THE COOPERATIVE'S WEBSITE.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$580$491$88.9$208$208$0.00
2023Detailed filing. Detailed filing data is available for this year.$521$445$75.9$179$190$11.5
2022Detailed filing. Detailed filing data is available for this year.$469$382$86.8$180$180$0.00
2021Detailed filing. Detailed filing data is available for this year.$401$320$80.6$161$162$0.63
2020Detailed filing. Detailed filing data is available for this year.$367$288$78.7$154$154$0.54
2019Detailed filing. Detailed filing data is available for this year.$348$271$76.8$156$151$4.54
2018Detailed filing. Detailed filing data is available for this year.$331$259$72.6$158$157$0.86
2017Detailed filing. Detailed filing data is available for this year.$307$240$67.0$151$140$11.4
2016Detailed filing. Detailed filing data is available for this year.$287$238$49.6$146$146$0.17
2015Detailed filing. Detailed filing data is available for this year.$270$222$47.1$146$146$0.62
2014Summary only. Only limited summary data is available for this year.$274$226$48.5$142$143$0.79
2013Summary only. Only limited summary data is available for this year.$271$224$46.3$136$135$0.85
2012Summary only. Only limited summary data is available for this year.$261$219$42.2$127$130$2.66
2011Summary only. Only limited summary data is available for this year.$261$215$45.9$132$132$0.00
2010Summary only. Only limited summary data is available for this year.$244$199$45.3$129$130$1.18