Berkeley Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 570123093 ✦ Moncks corner, SC ✦ Designated as a 501(c)(12)

Overview

What is Berkeley Electric Cooperative Inc?

Berkeley Electric Cooperative Inc is a nonprofit organization based in Moncks Corner, South Carolina. With a team of 332 employees, they are dedicated to providing the best possible electric service to residents within Berkeley, Charleston, and Dorchester counties. Their commitment extends beyond just energy, as they aim to enhance the lives of those they serve. The cooperative prioritizes safety, reliability, and affordability, ensuring their services meet the highest standards.


Official website here: www.bec.coop

Is Berkeley Electric Cooperative Inc legitimate?

Berkeley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Berkeley Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $743,702
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.bec.coop

What is the mission statement of Berkeley Electric Cooperative Inc?

Berkeley Electric Cooperative strives to deliver safe, reliable, and affordable energy to those it serves, enhancing their lives in the process. Committed to providing the best possible electric service, the cooperative aims to meet the energy needs of all within South Carolina's Berkeley, Charleston, and Dorchester counties, all while maintaining the highest standards of service.


Official website here: www.bec.coop

Who is the CEO of Berkeley Electric Cooperative Inc?

Michael Fuller is the Chairman of Berkeley Electric Cooperative Inc. The CEO's salary of Berkeley Electric Cooperative Inc is $438,090 and their total compensation is $517,891.


Official website here: www.bec.coop

What is the revenue of Berkeley Electric Cooperative Inc?

Berkeley Electric Cooperative Inc's revenue in 2022 was $408,085,738.


Official website here: www.bec.coop

Who are the executives of Berkeley Electric Cooperative Inc and what are their salaries?

The average compensation at Berkeley Electric Cooperative Inc during 2022 was $2,240. There are 332 employees at Berkeley Electric Cooperative Inc.

Here are 16 key members and their salaries (Berkeley Electric Cooperative Inc's CEO's salary is $438,090 and their total compensation is $517,891):

    Michael Fuller (Ceo)
  • Compensation: $438,090
  • Related: $0
  • Other: $79,801

    • Tim Mobley (Vp - Enginee)
  • Compensation: $219,285
  • Related: $0
  • Other: $108,905

    • Louise Meade (Vp - Human R)
  • Compensation: $198,736
  • Related: $0
  • Other: $99,533

    • Trena Nelson (Vp - Bce)
  • Compensation: $188,471
  • Related: $0
  • Other: $82,819

    • Joel Stevens (Vp - Finance)
  • Compensation: $205,385
  • Related: $0
  • Other: $58,995

    • Amy Langdon (Vp - Member)
  • Compensation: $160,054
  • Related: $0
  • Other: $84,092

    • Connie P Shuler (Secretary/Tr) [Trustee/Director]
  • Compensation: $36,560
  • Related: $400
  • Other: $0

    • H Wayne Dewitt (Chairman) [Trustee/Director]
  • Compensation: $31,287
  • Related: $400
  • Other: $0

    • Sheila Powell (Director)
  • Compensation: $30,525
  • Related: $400
  • Other: $0

    • Willis Sanders (Vice Chairma) [Trustee/Director]
  • Compensation: $27,225
  • Related: $400
  • Other: $0

    • Sam Gourdine (Director)
  • Compensation: $26,125
  • Related: $400
  • Other: $0

    • Henry Chavis Sr (Director)
  • Compensation: $25,025
  • Related: $400
  • Other: $0

    • Robert Vandross (Director)
  • Compensation: $24,475
  • Related: $400
  • Other: $0

    • Harry Brunson (Director-Fmr)
  • Compensation: $15,789
  • Related: $300
  • Other: $0

    • Denver Lee Clayton (Director)
  • Compensation: $3,850
  • Related: $100
  • Other: $0

    • Robert Jenkins (Director)
  • Compensation: $1,650
  • Related: $100
  • Other: $0


  • Official website here: www.bec.coop

    Where can I find the form 990 for Berkeley Electric Cooperative Inc?

    The Berkeley Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.bec.coop

    Learn more at the official website: www.bec.coop

    Mission Statement of Berkeley Electric Cooperative Inc

    Berkeley Electric Cooperative Inc, a dedicated organization, is firmly committed to ensuring the provision of safe, reliable, and affordable energy to all who desire it within South Carolina. By prioritizing the highest standards of service, the cooperative enhances the lives of those it serves.

    In pursuit of this mission, Berkeley Electric Cooperative meticulously works to deliver the best possible electric service to the communities in Berkeley, Charleston, and Dorchester Counties. The cooperative's unwavering dedication to its customers is evident in its commitment to ensuring the safety, reliability, and affordability of the energy it provides. With this mission at its core, Berkeley Electric Cooperative strives to make a positive impact on the lives of its customers every day.

    Furthermore, Berkeley Electric Cooperative's mission extends beyond the mere provision of energy. The organization is passionate about enhancing the lives of those it serves, going above and beyond to meet the unique needs of its customer base. By consistently delivering on its promises, the cooperative fosters strong relationships and builds a sense of trust within the communities it serves.

    In summary, Berkeley Electric Cooperative Inc is a mission-driven organization dedicated to providing safe, reliable, and affordable energy to its customers in South Carolina. Through its unwavering commitment to service, the cooperative not only meets the basic energy needs of its customers but also strives to enhance their lives in meaningful ways.

    Impact

    This information is meant to be a general summary of Berkeley Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Berkeley Electric Cooperative Inc impacts the community by providing safe, reliable, and affordable energy to residents in the South Carolina counties of Berkeley, Charleston, and Dorchester. By ensuring access to electricity at a reasonable cost and maintaining high standards of service, the cooperative enhances the lives of those it serves. Through their commitment to public benefit, Berkeley Electric Cooperative Inc plays a crucial role in supporting the well-being and sustainability of the local community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,761,565
  • Program Service Revenue: $396,464,711
  • Gross Receipts: $411,209,966

    • Assets and Liabilities:
  • Total Assets: $676,271,341
  • Total Liabilities: $471,631,356
  • Net Assets: $204,639,985
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ELECTRIC REVENUE

    Revenue

    $393,209,589

    PATRONAGE CAPITAL CREDITS

    Revenue

    $2,928,840

    POLE AND OTHER ATTACHMENTS

    Revenue

    $326,282

    Organization Details

    Founding Year

    1940

    Principal Officer

    Michael Fuller

    Main Address

    PO BOX 1234, MONCKS CORNER, SC, 29461

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Berkeley Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.