Black River Electric Cooperative Inc

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

EIN: 570124487 ✦ Sumter, SC ✦ Designated as a 501(c)(12)

Overview

What is Black River Electric Cooperative Inc?

Black River Electric Cooperative Inc is a nonprofit organization based in Sumter, South Carolina. Their primary mission is to deliver reliable and affordable electricity to both rural and urban communities within their assigned service territory. With a team of 84 employees, they dedicate themselves to customer satisfaction in addition to energy distribution. Their operations encompass providing electricity to residential, commercial, and industrial members, ensuring a consistent power supply for these communities.


Official website here: www.blackriver.coop

Is Black River Electric Cooperative Inc legitimate?

Black River Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Black River 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: $821,263
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,705,083

For more financial information, click here


Official website here: www.blackriver.coop

What is the mission statement of Black River Electric Cooperative Inc?

Black River Electric Cooperative Inc strives to deliver reliable and affordable electricity to the rural and urban communities within its assigned service territories. Their mission goes beyond supplying power, as they prioritize providing excellent customer service to their members. The cooperative aims to maintain a dependable electricity supply, ensuring a consistent energy source for residents, commercial entities, and industrial operations alike. This commitment to service excellence is a crucial aspect of Black River Electric Cooperative Inc's mission.


Official website here: www.blackriver.coop

Who is the CEO of Black River Electric Cooperative Inc?

Charles R Allen is the Chair-Trust of Black River Electric Cooperative Inc. The CEO's salary of Black River Electric Cooperative Inc is $264,323 and their total compensation is $388,903.


Official website here: www.blackriver.coop

What is the revenue of Black River Electric Cooperative Inc?

Black River Electric Cooperative Inc's revenue in 2022 was $81,509,499.


Official website here: www.blackriver.coop

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

The average compensation at Black River Electric Cooperative Inc during 2022 was $53,885. There are 84 employees at Black River Electric Cooperative Inc.

Here are 16 key members and their salaries (Black River Electric Cooperative Inc's CEO's salary is $264,323 and their total compensation is $388,903):

    Charles R Allen (Ceo)
  • Compensation: $264,323
  • Related: $0
  • Other: $124,580

    • Betty J Welsh (Vp Finance &)
  • Compensation: $174,832
  • Related: $0
  • Other: $51,569

    • Tracy Geddings (Line Superin)
  • Compensation: $114,857
  • Related: $0
  • Other: $51,980

    • Linsey Robinson (Crew Foreman)
  • Compensation: $127,481
  • Related: $0
  • Other: $36,387

    • James F Moye (Vp Engineeri)
  • Compensation: $137,593
  • Related: $0
  • Other: $22,207

    • Brenda P Chase (Public Relat)
  • Compensation: $118,411
  • Related: $0
  • Other: $40,626

    • Matthew Compton (Eng. Manager)
  • Compensation: $111,034
  • Related: $0
  • Other: $38,951

    • George R Gibson (Vice Chair.-) [Trustee/Director]
  • Compensation: $10,867
  • Related: $0
  • Other: $20,500

    • Ivan Sanders (Trustee)
  • Compensation: $25,106
  • Related: $0
  • Other: $0

    • Mary B Sheridan (Chair-Trust) [Trustee/Director]
  • Compensation: $24,656
  • Related: $0
  • Other: $0

    • Caren Schwartz (Secretary -T) [Trustee/Director]
  • Compensation: $24,656
  • Related: $0
  • Other: $0

    • Thomas Durant (Trustee)
  • Compensation: $24,656
  • Related: $0
  • Other: $0

    • Julian Dixon Jr (Chaplain-Tru) [Trustee/Director]
  • Compensation: $24,206
  • Related: $0
  • Other: $0

    • Ronald Fountain (Trustee)
  • Compensation: $23,600
  • Related: $0
  • Other: $0

    • David L Tindal (Trustee)
  • Compensation: $17,006
  • Related: $0
  • Other: $0

    • Dr Ronald Prestage (Trustee)
  • Compensation: $10,706
  • Related: $0
  • Other: $0


  • Official website here: www.blackriver.coop

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

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


    Official website here: www.blackriver.coop

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

    Mission Statement of Black River Electric Cooperative Inc

    Black River Electric Cooperative Inc, a dedicated provider, works to bring reliable and affordable electricity to both rural and urban communities within its assigned service territories. The cooperative's primary mission is to ensure that its members, whether residential, commercial, or industrial, have consistent access to electricity essential for their daily lives and businesses.

    In pursuit of this goal, Black River Electric Cooperative Inc goes beyond just electricity distribution. The cooperative is deeply committed to delivering excellent customer service that sets it apart from other utility providers. By prioritizing open communication, prompt problem-solving, and attentiveness to its members' needs, the cooperative fosters strong relationships and trust within the communities it serves.

    Black River Electric Cooperative Inc's tireless efforts in providing essential energy and exceptional customer service are integral to enhancing the quality of life for its members. By remaining steadfast in its mission, the cooperative plays a crucial role in powering the progress and growth of its communities.

    Impact

    This information is meant to be a general summary of Black River 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

    Black River Electric Cooperative Inc's impact is significant in delivering reliable and affordable electricity to residential, commercial, and industrial members within its assigned service territories. By providing electricity to both rural and urban areas, the cooperative plays a crucial role in supporting the daily operations of businesses, households, and industries. Additionally, through its commitment to excellent customer service, Black River Electric Cooperative Inc ensures its members receive the necessary support and assistance regarding their electricity needs. Overall, the cooperative's efforts contribute to the development and sustainability of the communities it serves.





    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: $244,997
  • Program Service Revenue: $81,274,564
  • Gross Receipts: $81,509,499

    • Assets and Liabilities:
  • Total Assets: $117,414,050
  • Total Liabilities: $25,226,014
  • Net Assets: $92,188,036
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $80,618,475

    PATRONAGE CAPITAL

    Revenue

    $616,996

    POLE RENTAL

    Revenue

    $39,093

    Organization Details

    Founding Year

    1939

    Principal Officer

    Charles R Allen

    Main Address

    PO BOX 130, SUMTER, SC, 291510130

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Black River 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.