Civic Intelligence

Berkeley Electric Cooperative Trust

990 • Fiscal year 2023 • EIN 57-0956017

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 22, 2024

Organization ProfileWWW.BERKELEYELECTRIC.COOP
PO Box 1234Moncks Corner, SC 29461

(843) 761-8200

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

32nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

37th percentile

-1.3%

Higher net margin than 37% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

55th percentile

$2,100

Higher top officer pay than 55% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

18th percentile

-9.8%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

50th percentile

8.1%

Faster revenue growth than 50% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$79,948

Down $8,645 (-9.8%) from 2022

Net Assets

Down

$79,948

Down $8,645 (-9.8%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue32nd percentileNet Margin37th percentile

Revenue

Up

$650,250

Up $48,653 (+8.1%) from 2022

Expenses

Down

$658,895

Down $138,647 (-17%) from 2022

Net Income

Up

-$8,645

Up $187,300 (+96%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$600K$400K$200K$0Assets 2010: $125,153Liabilities 2010: $0Net Assets 2010: $125,1532010Assets 2011: $165,143Liabilities 2011: $0Net Assets 2011: $165,1432011Assets 2012: $203,160Liabilities 2012: $0Net Assets 2012: $203,1602012Assets 2013: $177,268Liabilities 2013: $0Net Assets 2013: $177,2682013Assets 2014: $173,805Liabilities 2014: $0Net Assets 2014: $173,8052014Assets 2015: $86,645Liabilities 2015: $0Net Assets 2015: $86,6452015Assets 2016: $67,970Liabilities 2016: $0Net Assets 2016: $67,9702016Assets 2017: $104,160Liabilities 2017: $0Net Assets 2017: $104,1602017Assets 2018: $162,916Liabilities 2018: $0Net Assets 2018: $162,9162018Assets 2019: $108,462Liabilities 2019: $0Net Assets 2019: $108,4622019Assets 2020: $450,058Liabilities 2020: $0Net Assets 2020: $450,0582020Assets 2021: $284,538Liabilities 2021: $0Net Assets 2021: $284,5382021Assets 2022: $88,593Liabilities 2022: $0Net Assets 2022: $88,5932022Assets 2023: $79,948Liabilities 2023: $0Net Assets 2023: $79,9482023Assets 2024: $163,427Liabilities 2024: $0Net Assets 2024: $163,4272024

Highlighted filing

2023

Assets$79,948
Liabilities$0
Net Assets$79,948
Open 2023 Filing

Operations Trend

Revenue Growth50th percentile

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

$1.0M$500K$0-$500KRevenue 2010: $365,973Expenses 2010: $405,730Net Income 2010: -$39,7572010Revenue 2011: $367,150Expenses 2011: $327,160Net Income 2011: $39,9902011Expenses 2012: $341,9272012Revenue 2013: $382,697Expenses 2013: $408,589Net Income 2013: -$25,8922013Revenue 2014: $388,341Expenses 2014: $391,804Net Income 2014: -$3,4632014Revenue 2015: $391,824Expenses 2015: $478,984Net Income 2015: -$87,1602015Revenue 2016: $398,392Expenses 2016: $417,067Net Income 2016: -$18,6752016Revenue 2017: $408,252Expenses 2017: $372,062Net Income 2017: $36,1902017Revenue 2018: $420,371Expenses 2018: $361,615Net Income 2018: $58,7562018Revenue 2019: $435,451Expenses 2019: $489,905Net Income 2019: -$54,4542019Revenue 2020: $457,415Expenses 2020: $115,819Net Income 2020: $341,5962020Revenue 2021: $493,471Expenses 2021: $658,991Net Income 2021: -$165,5202021Revenue 2022: $601,597Expenses 2022: $797,542Net Income 2022: -$195,9452022Revenue 2023: $650,250Expenses 2023: $658,895Net Income 2023: -$8,6452023Revenue 2024: $686,161Expenses 2024: $602,682Net Income 2024: $83,4792024

Highlighted filing

2023

Revenue$650,250
Expenses$658,895
Net Income-$8,645
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 22, 2024
Return Version
2023v5.0
Gross Receipts
$650,250
Mission and Program Overview

Mission

The mission of berkeley electric trust is the disbursement of operation round-up funds for charitable purposes in berkeley, charleston and dorchester counties. This shall be accomplished by disbursement of funds to individuals and organizations for food, shelter, clothing, health needs and education.

The mission of berkeley electric trust is the disbursement of operation round-up funds for charitable purposes in berkeley, charleston and dorchester counties.this shall be accomplished by disbursement of funds to individuals and organizations for food, shelter, clothing, health needs and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$51,657$54,235▲ $2,578
Cash and Non-Interest-Bearing Accounts$36,936$25,713▼ $11,223
Total Assets$88,593$79,948▼ $8,645
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$88,593$79,948▼ $8,645
Total Net Assets Fund Balance$88,593$79,948▼ $8,645
Total Liabilities and Net Assets / Fund Balance$88,593$79,948▼ $8,645
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleBaseTotal
Alton HoodChairman$2,100$2,100
Mavon JerniganTrustee$2,100$2,100
William JonesTrustee$2,100$2,100
William SmoakTrustee$2,100$2,100
Latonia BrothersSecretary$1,925$1,925
Barbara SingletonTrustee$1,925$1,925
Samuel BrownleeTreasurer$1,925$1,925
James GrahamVice Chairma$1,750$1,750
Queen WilsonTrustee$1,750$1,750
Revenue and Support

Revenue Composition

Contributions and Grants
$650,213
Program Service Revenue
$0
Investment Income
$37
Other Revenue
$0
All Other Contributions
$650,213
Change in Net Assets
$-8,645

Audited Revenue Reconciliation

Revenue per Audited Statements
$650,250
Revenue Not Reported on Form 990
$32,636
Total Revenue per Audited Statements
$682,886
Total Revenue per Form 990
$650,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$633,330
Salaries, Compensation, and Employee Benefits$17,675
Other Expenses$7,890
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$620,330--$620,330
Current Officers, Directors, Trustees, and Key Employees$17,675--$17,675
Grants to Domestic Orgs$13,000--$13,000
Fees for Services Other$7,890--$7,890
Total Functional Expenses$658,895$0$0$658,895

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$691,531
Expenses per Audited Statements$658,895
Total Expenses per Form 990$658,895
Expenses Not Reported on Form 990$32,636
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Maude Callen ClinicPineville, SC-Charitable$8,000
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is reviewed by the board will all supporting documentation made available to them.”

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

“The trust regularly and consistently monitors and enforces compliance with their conflict of interest policies as provided for in its policies.”

Form 990, Page 6, Part VI, Line 19

“The trust makes its bylaws and financial statements available to the public as part of its form 990. The form 990 is available upon request as reflected in part vi section c line 18.”

Filing and Contact Details

Filer

Filer Name
Berkeley Electric Cooperative Trust
EIN
57-0956017
Phone
8437618200
Address
PO BOX 1234, MONCKS CORNER, SC 29461

Signing Officer

Name
Joel Stevens
Title
Berkeley Eci - CFO
Phone
8437618200
Signed
2024-03-22

Organization Details

Principal Officer
Alton Hood
Formed
1992
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
William R Rountree
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Part III

“The trust receives in-kind donations of labor and related expenses from berkeley electric cooperative, inc., an affiliate of the trust. Donations in-kind totaled 32,636 and 30,077 for the years ended december 31, 2023 and 2022, respectively. Based on the form's instructions, these donations are not included in income or expenses for the purposes of form 990.”

Form 990, Page 2, Part III, Line 4D

“The purpose of the trust is to accumulate and disburse funds for charitable purposes in the service area of berkeley eci.”

Raw XML Appendix343 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.

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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/CashGrantAmt08000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CHARITABLE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MAUDE CALLEN CLINIC
IRS990ScheduleI/RecipientTable/RecipientEIN0271097304
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02669 HIGHWAY 45
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PINEVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd029468
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TRUST RECEIVES IN-KIND DONATIONS OF LABOR AND RELATED EXPENSES FROM BERKELEY ELECTRIC COOPERATIVE, INC., AN AFFILIATE OF THE TRUST. DONATIONS IN-KIND TOTALED 32,636 AND 30,077 FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, RESPECTIVELY. BASED ON THE FORM'S INSTRUCTIONS, THESE DONATIONS ARE NOT INCLUDED IN INCOME OR EXPENSES FOR THE PURPOSES OF FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF BERKELEY ECI.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE BOARD WILL ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TRUST REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICIES AS PROVIDED FOR IN ITS POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TRUST MAKES ITS BYLAWS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt088593
IRS990/TotalAssetsEOYAmt079948
IRS990/TotalAssetsGrp/BOYAmt088593
IRS990/TotalAssetsGrp/EOYAmt079948
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0650213
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0658895
IRS990/TotalFunctionalExpensesGrp/TotalAmt0658895
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt088593
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt079948
IRS990/TotalOtherProgSrvcExpenseAmt025565
IRS990/TotalProgramServiceExpensesAmt0658895
IRS990/TotalReportableCompFromOrgAmt017675
IRS990/TotalRevenueGrp/ExclusionAmt037
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0650250
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt088593
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt079948
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1234
IRS990/USAddress/CityNm0MONCKS CORNER
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029461
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HTTPS://WWW.BERKELEYELECTRIC.COOP/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOEL STEVENS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BERKELEY ECI - CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum08437618200
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BERKELEY ELECTRIC COOPERATIVE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0BERK
ReturnHeader/Filer/EIN0570956017
ReturnHeader/Filer/PhoneNum08437618200
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1234
ReturnHeader/Filer/USAddress/CityNm0MONCKS CORNER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029461
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0581094351
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0POST OFFICE BOX ONE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MACON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0312020001
ReturnHeader/PreparerPersonGrp/PhoneNum04787466277
ReturnHeader/PreparerPersonGrp/PreparationDt02024-03-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM R ROUNTREE
ReturnHeader/ReturnTs02024-03-22T11:07:17-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STEVENS
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$79,948
Liabilities
$0
Net assets
$79,948
Revenue
$650,250
Expenses
$658,895
Net income
-$8,645
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$6.86$6.03$0.83
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$6.50$6.59$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$6.02$7.98$1.96
2021Detailed filing. Detailed filing data is available for this year.$2.85$0.00$2.85$4.93$6.59$1.66
2020Detailed filing. Detailed filing data is available for this year.$4.50$0.00$4.50$4.57$1.16$3.42
2019Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$4.35$4.90$0.54
2018Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$4.20$3.62$0.59
2017Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$4.08$3.72$0.36
2016Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$3.98$4.17$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$3.92$4.79$0.87
2014Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$3.88$3.92$0.03
2013Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$3.83$4.09$0.26
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.00$2.03$3.42
2011Summary only. Only limited summary data is available for this year.$1.65$0.00$1.65$3.67$3.27$0.40
2010Summary only. Only limited summary data is available for this year.$1.25$0.00$1.25$3.66$4.06$0.40