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Edisto Electric Cooperative Inc

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

EIN: 570158355 ✦ Bamberg, SC ✦ Designated as a 501(c)(12)

Overview

What is Edisto Electric Cooperative Inc?

Edisto Electric Cooperative Inc is a nonprofit organization headquartered in Bamberg, South Carolina. Their primary mission is to deliver superior electric services to all who wish to avail of it within their service area, maintaining affordable costs while adhering to the highest service standards. With a team of 77 dedicated employees, they are committed to ensuring uninterrupted electric service to residents and businesses in the community.


Is Edisto Electric Cooperative Inc legitimate?

Edisto Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Edisto 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: $678,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Edisto Electric Cooperative Inc?
Who is the CEO of Edisto Electric Cooperative Inc?
What is the revenue of Edisto Electric Cooperative Inc?
Who are the executives of Edisto Electric Cooperative Inc and what are their salaries?
Where can I find the form 990 for Edisto Electric Cooperative Inc?

Mission Statement of Edisto Electric Cooperative Inc

Edisto Electric Cooperative Inc, a dedicated electric service provider, commits to delivering the highest standard of electricity to all who wish to avail of it within its operational area. Consistently adhering to reasonableness in costs, this organization puts forth unwavering efforts to meet the electric needs of its community with excellence.

At the core of Edisto Electric Cooperative Inc's operations is the unwavering dedication to delivering superior electric services. The cooperative's mission is to extend the best possible electric service to all residents and businesses within its jurisdiction, ensuring that the quality of the electricity supplied remains consistently high. The organization's emphasis on reasonable costs underlines its commitment to accessibility and affordability, allowing more individuals and families to enjoy the benefits of reliable electricity within their homes and businesses.

Edisto Electric Cooperative Inc's unwavering pursuit of excellence in electric services ensures that its customers experience minimal disruptions and maximum reliability. By maintaining the highest standards of service, the cooperative not only meets the immediate needs of its customers but also positions itself as a trusted partner in the community, working towards a brighter and more connected future for all.

Impact

This information is meant to be a general summary of Edisto 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

Edisto Electric Cooperative Inc's impact lies in its commitment to providing the best possible electric service to all individuals within its system area at a reasonable cost while upholding the highest standards of service. By fulfilling this mission, Edisto Electric Cooperative Inc plays a crucial role in ensuring that residents and businesses have reliable access to electricity, which is essential for everyday life and economic activities. Through its public benefit tag, the cooperative demonstrates its dedication to serving the community's needs and contributing to the overall well-being and development of the area it serves in Bamberg, SC.





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: $336,377
  • Program Service Revenue: $53,696,366
  • Gross Receipts: $54,032,743

    • Assets and Liabilities:
  • Total Assets: $118,264,291
  • Total Liabilities: $78,778,549
  • Net Assets: $39,485,742
  • Programs

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

    ELECTRIC SERVICE REVENUE

    Revenue

    $52,003,372

    OTHER ELECTRIC REVENUE

    Revenue

    $1,150,878

    CAPITAL CREDITS

    Revenue

    $504,335

    POLE RENTAL

    Revenue

    $37,781

    Organization Details

    Founding Year

    1939

    Principal Officer

    David E Felkel

    Main Address

    PO BOX 547, BAMBERG, SC, 29003

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Edisto 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.