NonprofitsLynches River Electric Cooperative Inc

Lynches River Electric Cooperative Inc

PAGELAND, SC

Total revenue

$66.1M

Total expenses

$66.3M

Net assets

$57.6M

Grants received

$495K

2 grants

EIN

570201923

Tax year

2024

Mission

To provide the best possible electric service to all who desire it within the system service 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$66.1M
Investment income$191K
Other revenue
Total revenue$66.1M

Expenses

Grants paid
Salaries & benefits$483K
Fundraising
Other expenses$61.6M
Total expenses$66.3M
Total assets$148.7M
Net assets$57.6M

People

16 listed

NameRoleCompensation

BRIAN W BROUGHTON

CEO

Board

$214K

50 hrs/wk

KEVIN SIMS

TRUSTEE

Board

$44K

2.31 hrs/wk

CINDY VINCENT

VICE CHAIR

Board

$29K

9.26 hrs/wk

MIKE CRAWFORD

TRUSTEE

Board

$26K

2.68 hrs/wk

STEVE CHEWNING

CHAIRMAN

Board

$21K

9.48 hrs/wk

JOHN T BLACKWELL

TRUSTEE

Board

$17K

2.6 hrs/wk

BILLY KING JR

TRUSTEE

Board

$14K

2.99 hrs/wk

THERESA S HICKS

SECRETARY/TR

Board

$14K

10.81 hrs/wk

HAROLD GARDNER

TRUSTEE

Board

$10K

6.25 hrs/wk

MYRTLE L FAILE

TRUSTEE JAN-

Board

$5K

1.2 hrs/wk

LYN GARDNER

TRUSTEE OCT-

Board

$4K

2.7 hrs/wk

DUSTIN CATOE

CFO

Staff

$169K

45 hrs/wk

ALEX HONEYCUTT

LINEMAN FIRS

Staff

$131K

45 hrs/wk

JOSEPH WRIGHT

CREW LEADER

Staff

$126K

45 hrs/wk

THOMAS GRAVITT

STAKING TECH

Staff

$125K

45 hrs/wk

GREGORY JORDAN

VP ENGINEER/

Staff

$124K

45 hrs/wk

Independent contractors

SOUTHEASTERN LIMB AND TREE

RIGHT OF WAY

$2.6M

LEE ELECTRICAL CONSTRUCTION

UTILITIES

$771K

CRAM INDUSTRIES LLC

BROADBAND

$487K

MOMENTUM TELECOM INC

TELECOM

$141K

FIBER OPTICS SOLUTIONS LLC

FIBER INSTALL

$110K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$470K
ECONOMIC DEVELOPMENT
2024
$25K
ECONOMIC DEVELOPMENT
2020

Funded by

$495K from 1 funder · 2 grants · 2020–2024

Central Electric Power Cooperative Inc

$495K · 2 grants · 2020–2024

Details

EIN570201923
Subsection12
Ruling date1942-03
Formed1939
Employees74
LYNCHES RIVER ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo