NonprofitsFairfield Electric Cooperative Inc

Fairfield Electric Cooperative Inc

BLYTHEWOOD, SC

Total revenue

$87.9M

Total expenses

$86.3M

Net assets

$55.0M

Grants received

$3M

2 grants

EIN

570161235

Tax year

2024

Mission

Provide our members quality energy services at a fair and reasonable price.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$87.7M
Investment income$158K
Other revenue
Total revenue$87.9M

Expenses

Grants paid
Salaries & benefits$514K
Fundraising
Other expenses$83.2M
Total expenses$86.3M
Total assets$148.5M
Net assets$55.0M

People

17 listed

NameRoleCompensation

BRUCE G BACON

CEO

Board

$262K

45 hrs/wk

ROBERT ENTZMINGER

VICE PRESIDENT

Board

$44K

7 hrs/wk

MITCHELL D RABON

PRESIDENT

Board

$40K

7 hrs/wk

ROBERT KENNETH MILES

SECRETARY

Board

$34K

7 hrs/wk

DERIAL L OGBURN

TRUSTEE

Board

$24K

7 hrs/wk

PEGGY D SWEARINGEN

TRUSTEE

Board

$22K

7 hrs/wk

WILLIAM M GOOD

TRUSTEE

Board

$21K

7 hrs/wk

CYNTHIA ABLE

TRUSTEE

Board

$18K

7 hrs/wk

TIMOTHY L HOPKINS

TRUSTEE

Board

$14K

7 hrs/wk

RONALD FRIDAY

TRUSTEE

Board

$13K

7 hrs/wk

BRUCE E HONEYCUTT

TREASURER

Board

$13K

7 hrs/wk

KEITH LEWIS

TRUSTEE

Board

$9K

7 hrs/wk

THOMAS S BLACK

VP OF ENGINEERING

Staff

$205K

45 hrs/wk

ERIK A MARSHA

VP OF FINANCE

Staff

$173K

45 hrs/wk

MARVIN M PRICE

VP OF INFORMATION TECHNOLOGY

Staff

$165K

45 hrs/wk

BRANDON M BOONE

VP OF OPERATIONS

Staff

$157K

45 hrs/wk

DOUGLAS M PAYNE

VP OF MEMBER SERVICES

Staff

$157K

45 hrs/wk

Independent contractors

SUMTER UTILITIES

UTILITY SERVICES

$3.1M

XYLEM I LLC

TREE SERVICES

$1.3M

RIGHT WAY TREE EXPERTS LLC

TREE CUTTING SERVICES

$240K

BRANHAMS LANDSCAPING LLC

LANDSCAPING SERVICES

$204K

DELL FINANCIAL SERVICES

FINANCIAL SERVICES

$143K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$1.6M
ECONOMIC DEVELOPMENT
2023
$1.4M
ECONOMIC DEVELOPMENT
2022

Funded by

$3M from 1 funder · 2 grants · 2022–2023

Central Electric Power Cooperative Inc

$3M · 2 grants · 2022–2023

Details

EIN570161235
Subsection12
Ruling date1942-08
Formed1939
Employees77
Volunteers0
FAIRFIELD ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo