Broad River Electric Cooperative Inc

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

EIN: 570128696 ✦ Gaffney, SC ✦ Designated as a 501(c)(12)

Overview

What is Broad River Electric Cooperative Inc?

Broad River Electric Cooperative Inc is a nonprofit organization based in Gaffney, South Carolina. With a team of 57 dedicated employees, their mission is to provide the community with safe, reliable, and reasonably priced electric and related energy services. They are committed to enhancing the places they serve, going beyond just energy provision.


Official website here: www.broadriverelectric.com

Is Broad River Electric Cooperative Inc legitimate?

Broad River Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Broad 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: $701,742
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.broadriverelectric.com

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

Broad River Electric Cooperative Inc is dedicated to delivering safe, dependable, and reasonably priced electric and energy-related services to its community. The cooperative's commitment extends beyond providing electricity; it strives to enhance the communities it serves through its operations. By focusing on safety, reliability, and affordable pricing, Broad River Electric Cooperative Inc aims to meet the energy needs of its customers while contributing positively to the well-being of the communities it serves. This commitment to community improvement is reflected in its day-to-day operations, ensuring a sustainable and prosperous future for all.


Official website here: www.broadriverelectric.com

Who is the CEO of Broad River Electric Cooperative Inc?

Terry W Mallard is the President & of Broad River Electric Cooperative Inc.


Official website here: www.broadriverelectric.com

What is the revenue of Broad River Electric Cooperative Inc?

Broad River Electric Cooperative Inc's revenue in 2022 was $56,431,065.


Official website here: www.broadriverelectric.com

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

The average compensation at Broad River Electric Cooperative Inc during 2022 was $12,311. There are 57 employees at Broad River Electric Cooperative Inc.

Here are 15 key members and their salaries:

    Terry W Mallard (President &)
  • Compensation: $443,668
  • Related: $0
  • Other: $126,523

    • Cary Johnson (Vp-Operation)
  • Compensation: $169,120
  • Related: $0
  • Other: $67,834

    • John B Fowler (Vp-Member Se)
  • Compensation: $142,923
  • Related: $0
  • Other: $64,343

    • Jeffery S Humphries (Vp-Economic)
  • Compensation: $137,829
  • Related: $0
  • Other: $61,598

    • Kenny Griswold (Vp-Informati)
  • Compensation: $119,702
  • Related: $0
  • Other: $59,053

    • Andrew Allsbrook (Vp-Engineeri)
  • Compensation: $134,795
  • Related: $0
  • Other: $43,920

    • Norris R Fowler (Chairman) [Trustee/Director]
  • Compensation: $20,714
  • Related: $0
  • Other: $0

    • E Dewitt Mccraw (Trustee)
  • Compensation: $18,794
  • Related: $0
  • Other: $0

    • Mark Patterson (Trustee)
  • Compensation: $18,523
  • Related: $0
  • Other: $0

    • R Wayne West (Trustee)
  • Compensation: $18,267
  • Related: $0
  • Other: $0

    • Decole Gallman (Sec/Treas) [Trustee/Director]
  • Compensation: $14,394
  • Related: $0
  • Other: $0

    • Kevin Moss (Trustee)
  • Compensation: $12,123
  • Related: $0
  • Other: $0

    • Bobby Foster (Trustee)
  • Compensation: $10,523
  • Related: $0
  • Other: $0

    • Anita P Whitney (Vice Chairma) [Trustee/Director]
  • Compensation: $10,123
  • Related: $0
  • Other: $0

    • William Peeler (Trustee)
  • Compensation: $8,090
  • Related: $0
  • Other: $0


  • Official website here: www.broadriverelectric.com

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

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


    Official website here: www.broadriverelectric.com

    Learn more at the official website: www.broadriverelectric.com

    Mission Statement of Broad River Electric Cooperative Inc

    Broad River Electric Cooperative Inc is dedicated to delivering safe, dependable, and reasonably priced electric and related energy services to the communities it serves. The cooperative operates with a mission to improve these communities beyond just energy provisions.

    In their commitment to enhancing the well-being of the areas they serve, Broad River Electric Cooperative Inc strives to provide essential electric and energy-related services efficiently and affordably. They are not just a utility company; they are an integral part of the communities they support. By ensuring a consistent power supply, Broad River Electric Cooperative Inc contributes to the overall development and progress of the communities it serves.

    Moreover, Broad River Electric Cooperative Inc extends its reach beyond energy services. They are actively involved in community improvement initiatives, working hand in hand with the communities to identify and address their unique needs. This dedication to community development sets Broad River Electric Cooperative Inc apart as a responsible and forward-thinking cooperative.

    Impact

    This information is meant to be a general summary of Broad 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

    Broad River Electric Cooperative Inc's impact lies in the provision of safe, reliable, and reasonably priced electric and other energy-related services to the communities it serves in Gaffney, South Carolina. By ensuring access to essential services, the cooperative plays a vital role in supporting the quality of life for residents and businesses in the area. Furthermore, the cooperative's commitment to improving the communities it serves underscores its dedication to creating a positive and sustainable impact on local economies and societal well-being.





    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: $89,127
  • Program Service Revenue: $56,294,145
  • Gross Receipts: $56,431,065

    • Assets and Liabilities:
  • Total Assets: $143,703,578
  • Total Liabilities: $99,198,417
  • Net Assets: $44,505,161
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $55,557,994

    CAPITAL CREDITS

    Revenue

    $614,989

    POLE RENTAL REVENUE

    Revenue

    $121,162

    Organization Details

    Founding Year

    1940

    Principal Officer

    Terry W Mallard

    Main Address

    PO BOX 2269, GAFFNEY, SC, 293422269

    NTEE Category

    Code: W80 - Public benefit

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