NonprofitsEdisto Electric Cooperative Inc

Public & Societal Benefit

Edisto Electric Cooperative Inc

BAMBERG, SC

Total revenue

$61.5M

Total expenses

$61.5M

Net assets

$42.5M

Grants received

$16K

1 grants

EIN

570158355

Tax year

2024

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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$60.4M
Investment income$1.2M
Other revenue
Total revenue$61.5M

Expenses

Grants paid
Salaries & benefits$775K
Fundraising
Other expenses$57.4M
Total expenses$61.5M
Total assets$169.2M
Net assets$42.5M

People

16 listed

NameRoleCompensation

DAVID E FELKEL

PRESIDENT &

Board

$333K

50 hrs/wk

JACK G VALLENTINE III

TRUSTEE

Board

$42K

3 hrs/wk

CHRISTOPHER P SANDIFER

TRUSTEE

Board

$39K

2 hrs/wk

DOUGLAS A REEVES

CHAIRMAN

Board

$38K

4 hrs/wk

MICHAEL T HOLLINGSWORTH

TRUSTEE

Board

$38K

2 hrs/wk

ERVIN M MATHIAS III

TRUSTEE

Board

$38K

2 hrs/wk

STANLEY M FUNCHESS

TRUSTEE

Board

$37K

2 hrs/wk

MARY F NIMMONS

TRUSTEE

Board

$25K

2 hrs/wk

F PICKENS WILLIAMS

SEC./TREASUR

Board

$10K

3 hrs/wk

R WAYNE WELCH

VICE CHAIRMA

Board

$9K

3 hrs/wk

TRAVIS OWENS BURBAGE

TRUSTEE

Board

$7K

2 hrs/wk

LAWRENCE C SMOAK III

VP OF OPERAT

Staff

$179K

40 hrs/wk

DANIEL C EUBANKS

VP OF ENGINE

Staff

$170K

40 hrs/wk

ROBERT D BESSINGER

VP OF FINANC

Staff

$161K

40 hrs/wk

BRIAN C HEFNER

VP OF MEMBER

Staff

$151K

40 hrs/wk

MICHAEL C KINARD

OPS. SUPERVI

Staff

$126K

40 hrs/wk

Independent contractors

SUMTER UTILITIES INC

CONSTRUCTION

$2.0M

BROTHERS TREE COMPANY

RIGHT OF WAY

$1.4M

LEE ELECTRICAL CONSTRUCTION

CONSTRUCTION

$1.1M

XYLEM TREE EXPERTS

RIGHT OF WAY

$783K

PIKE ELECTRICAL LLC

CONSTRUCTION

$569K

Grants received

Showing 1 of 1

FromAmountPurposeYear
$16K
ECONOMIC DEVELOPMENT
2023

Funded by

$16K from 1 funder · 1 grant · 2023

Details

EIN570158355
NTEE codeW80
Subsection12
Ruling date1942-09
Formed1939
Employees74
EDISTO ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo