NonprofitsBlack River Electric Cooperative Inc

Black River Electric Cooperative Inc

SUMTER, SC

Total revenue

$91.4M

Total expenses

$90.9M

Net assets

$99.7M

Grants received

$2M

3 grants

EIN

570124487

Tax year

2024

Mission

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

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$91.0M
Investment income$458K
Other revenue
Total revenue$91.4M

Expenses

Grants paid
Salaries & benefits$505K
Fundraising
Other expenses$82.2M
Total expenses$90.9M
Total assets$133.2M
Net assets$99.7M

People

16 listed

NameRoleCompensation

KENNETH T CARTER

CEO

Board

$251K

50 hrs/wk

CAREN SCHWARTZ

VICE CHAIR-T

Board

$28K

12.5 hrs/wk

MARY B SHERIDAN

CHAIR-TRUST

Board

$25K

10 hrs/wk

IVAN SANDERS

TRUSTEE

Board

$23K

10 hrs/wk

JULIAN DIXON JR

CHAPLAIN-TRU

Board

$22K

10 hrs/wk

RONALD FOUNTAIN

TRUSTEE

Board

$21K

10 hrs/wk

THOMAS DURANT

SECRETARY-TR

Board

$20K

10 hrs/wk

DAVID L TINDAL

TRUSTEE

Board

$17K

5 hrs/wk

DR RONALD PRESTAGE

TRUSTEE

Board

$12K

5 hrs/wk

DWAYNE EDWARDS

TRUSTEE

Board

$11K

5 hrs/wk

JAMES F MOYE

COO

Staff

$178K

50 hrs/wk

SHAKEMA S WHITE

VP SUPPORT S

Staff

$145K

50 hrs/wk

LINSEY ROBINSON

CREW FOREMAN

Staff

$137K

50 hrs/wk

TRACY GEDDINGS

OPS. SUPERIN

Staff

$134K

50 hrs/wk

TAIWAN T SIMMONS

CREW FOREMAN

Staff

$129K

50 hrs/wk

CHARLES R ALLEN

CEO-EMERITUS

Staff

$28K

Independent contractors

RIGHT WAY TREE EXPERTS LLC

ROW

$120K

K & M CONSTRUCTION LLC

BORING SERVICES

$116K

Grants received

Showing 3 of 3

FromAmountPurposeYear
$200K
ECONOMIC DEVELOPMENT
2024
$300K
ECONOMIC DEVELOPMENT
2023
$1.5M
ECONOMIC DEVELOPMENT
2022

Funded by

$2M from 1 funder · 3 grants · 2022–2024

Central Electric Power Cooperative Inc

$2M · 3 grants · 2022–2024

Details

EIN570124487
Subsection12
Ruling date1942-10
Formed1939
Employees93
BLACK RIVER ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo