NonprofitsLaurens Electric Cooperative Inc

Public & Societal Benefit

Laurens Electric Cooperative Inc

LAURENS, SC

Total revenue

$163.1M

Total expenses

$163.1M

Net assets

$118.7M

Grants received

EIN

570196563

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.

Programs

1 program

N/A

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$161.7M
Investment income$182K
Other revenue$1.2M
Total revenue$163.1M

Expenses

Grants paid
Salaries & benefits$723K
Fundraising
Other expenses$154.3M
Total expenses$163.1M
Total assets$335.7M
Net assets$118.7M

People

15 listed

NameRoleCompensation

MATTHEW D STANLEY

PRES & CEO

Board

$326K

50 hrs/wk

MARCUS COOK

TRUSTEE

Board

$60K

5 hrs/wk

JOE T NICHOLSON

TRUSTEE

Board

$36K

5 hrs/wk

MITCHELL POWERS

SECRETARY/TR

Board

$35K

5 hrs/wk

CHARLES E ADAIR

CHAIRMAN

Board

$33K

5 hrs/wk

WILLIAM HENDRIX

VICE CHAIRMA

Board

$30K

5 hrs/wk

EDDIE ABRAMS

TRUSTEE

Board

$28K

5 hrs/wk

JIMMIE PERRY

TRUSTEE

Board

$26K

5 hrs/wk

REID FISHER

TRUSTEE

Board

$22K

5 hrs/wk

JANICE CUNNINGHAM

TRUSTEE

Board

$12K

5 hrs/wk

NATHAN BROWN

VP-ENGINEER&

Staff

$247K

50 hrs/wk

JIM DONAHOO

VP MARKETING

Staff

$220K

50 hrs/wk

CHAD ARMSTRONG

VP OF HUMAN

Staff

$219K

50 hrs/wk

CHRISTOPHER J MIERS

VP,MEMBER SE

Staff

$208K

50 hrs/wk

DANIEL OTT

VP OF IT

Staff

$174K

50 hrs/wk

Independent contractors

SUMTER UTILITIES INC

SYSTEM REPAIR

$3.9M

CLCI SERVICES LLC

ROW CLEARING

$2.7M

SPE UNITLITY CONTRACTORS LLC

STORMWORK

$2.1M

ASPLUNDH LLC

ROW CLEARING

$1.7M

PIKE ENTERPRISES LLC

SYSTEM REPAIR

$1.6M

Details

EIN570196563
NTEE codeW80
Subsection12
Ruling date1942-03
Formed1939
Employees163
LAURENS ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo