NonprofitsNewberry Electric Cooperative Inc

Newberry Electric Cooperative Inc

NEWBERRY, SC

Total revenue

$53.7M

Total expenses

$53.7M

Net assets

$29.3M

Grants received

$1.5M

2 grants

EIN

570216285

Tax year

2024

Mission

To provide the best electric service to all who desire it within the system at the lowest price consistent with the highest standards of service.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$53.6M
Investment income$69K
Other revenue$40K
Total revenue$53.7M

Expenses

Grants paid
Salaries & benefits$792K
Fundraising
Other expenses$50.1M
Total expenses$53.7M
Total assets$112.6M
Net assets$29.3M

People

15 listed

NameRoleCompensation

GEORGE KEITH AVERY

PRESIDENT AN

Board

$346K

50 hrs/wk

JOHNNIE L DICKERT

CHAIRMAN

Board

$44K

20 hrs/wk

J CRAIG KESLER

DIRECTOR

Board

$43K

30 hrs/wk

BARBARA C BISHOP

DIRECTOR

Board

$39K

4 hrs/wk

MELANIE B HAWKINS

DIRECTOR

Board

$38K

30 hrs/wk

JOHN WAYNE NICHOLS

SECRETARY/TR

Board

$37K

30 hrs/wk

DOUGLAS E HIPP

DIRECTOR

Board

$35K

8 hrs/wk

BLAKE BRIGMAN

DIRECTOR

Board

$30K

8 hrs/wk

WILLIAM B LOMINICK SR

VICE CHAIRMA

Board

$28K

35 hrs/wk

LEON FULMER JR

DIRECTOR

Board

$27K

8 hrs/wk

KEVIN SHULL

VP-ENGINEERI

Staff

$197K

50 hrs/wk

ARTHUR GUY

CFO

Staff

$174K

50 hrs/wk

LEANN HUTTO

VP-HUMAN RES

Staff

$147K

50 hrs/wk

STEPHANIE SULLIVAN

VP-OPERATIOS

Staff

$133K

50 hrs/wk

ROBERT SHEALY

VP-OPERATION

Staff

$127K

50 hrs/wk

Independent contractors

LEE ELECTRICAL CONSTRUCTION INC

CONSTRUCTION

$3.2M

ELLASON GRADING AND LANDSCAPE

RIGHT OF WAY

$1.7M

SOUTHEAST UTILITIES OF GEORGIA

FIBER

$837K

PEACH TREE UTILITIES

FIBER

$496K

JACKSONS GLOBAL SOLUTIONS LLC

FIBER

$262K

Grants received

Showing 2 of 2

FromAmountPurposeYear
$1.5M
ECONOMIC DEVELOPMENT
2023
$25K
STRATEGIC PLANNING
2023

Funded by

$1.5M from 2 funders · 2 grants · 2023

Details

EIN570216285
Subsection12
Ruling date1942-11
Formed1940
Employees50
NEWBERRY ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo