Palmetto Economic Development Corp Dba South Carolina Power Team

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

EIN: 570873176 ✦ Columbia, SC ✦ Designated as a 501(c)(3)

Overview

What is Palmetto Economic Development Corp Dba South Carolina Power Team?

Palmetto Economic Development Corp Dba South Carolina Power Team, based in Columbia, South Carolina, serves as an economic development alliance for the state's 20 electric cooperatives. Their primary mission is to facilitate the growth of jobs, investments, and electric load by attracting new industrial and commercial activities. By doing so, they aim to provide power to over 2 million South Carolinians. The organization, with only 11 employees, plays a crucial role in driving economic progress in the state by leveraging the resources of its cooperative members.


Official website here: www.scpowerteam.com

Is Palmetto Economic Development Corp Dba South Carolina Power Team legitimate?

Palmetto Economic Development Corp Dba South Carolina Power Team is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palmetto Economic Development Corp Dba South Carolina Power Team 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 tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,471,407
Professional Fundraising Fees: $0
Other Salaries and Wages: $343,722

For more financial information, click here


Official website here: www.scpowerteam.com

What is the mission statement of Palmetto Economic Development Corp Dba South Carolina Power Team?

The Palmetto Economic Development Corporation, functioning as South Carolina Power Team, serves as an economic development alliance for the state's 20 electric cooperatives. Their primary objective is to provide electrical power to over 2 million South Carolinians. Beyond this, their mission involves facilitating the expansion of employment opportunities, investment, and electric load by attracting new industrial and commercial activities. This initiative contributes to the overall growth and development of the region.


Official website here: www.scpowerteam.com

Who is the CEO of Palmetto Economic Development Corp Dba South Carolina Power Team?

James Chavez is the Chairman of Palmetto Economic Development Corp Dba South Carolina Power Team. The CEO's salary of Palmetto Economic Development Corp Dba South Carolina Power Team is $321,095 and their total compensation is $468,677.


Official website here: www.scpowerteam.com

What is the revenue of Palmetto Economic Development Corp Dba South Carolina Power Team?

Palmetto Economic Development Corp Dba South Carolina Power Team's revenue in 2022 was $3,847,469.


Official website here: www.scpowerteam.com

Who are the executives of Palmetto Economic Development Corp Dba South Carolina Power Team and what are their salaries?

The average compensation at Palmetto Economic Development Corp Dba South Carolina Power Team during 2022 was $165,012. There are 11 employees at Palmetto Economic Development Corp Dba South Carolina Power Team.

Here are 20 key members and their salaries (Palmetto Economic Development Corp Dba South Carolina Power Team's CEO's salary is $321,095 and their total compensation is $468,677):

    Rob Hochstetler (Non-Voting Ex- Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $875,718
  • Other: $585,727

    • James Chavez (President And Ceo)
  • Compensation: $321,095
  • Related: $0
  • Other: $147,582

    • James W Frost (Sr Vp Community Preparedne)
  • Compensation: $231,831
  • Related: $0
  • Other: $97,268

    • Warren Darby Jr (Sr Vp Global Business)
  • Compensation: $183,707
  • Related: $0
  • Other: $91,132

    • Angelyn Smith (Non-Voting Member)
  • Compensation: $101,862
  • Related: $0
  • Other: $52,055

    • Rebecca Breland (Director Of Site Developme)
  • Compensation: $114,209
  • Related: $0
  • Other: $39,163

    • Paul Basha (Voting Ex-Officio) [Trustee/Director]
  • Compensation: $4,963
  • Related: $39,704
  • Other: $0

    • J David Wasson (Trustee)
  • Compensation: $2,836
  • Related: $23,752
  • Other: $0

    • Terry W Mallard (Trustee)
  • Compensation: $4,254
  • Related: $17,371
  • Other: $0

    • B Robert Paulling (Chairman) [Trustee/Director]
  • Compensation: $6,027
  • Related: $14,535
  • Other: $0

    • James Rowe (Vice Chairman) [Trustee/Director]
  • Compensation: $5,672
  • Related: $14,889
  • Other: $0

    • Keith Avery (Trustee)
  • Compensation: $3,191
  • Related: $16,307
  • Other: $0

    • James M Bunton Jr (Trustee)
  • Compensation: $2,836
  • Related: $14,889
  • Other: $0

    • Mary Sheridan (Trustee)
  • Compensation: $3,900
  • Related: $13,471
  • Other: $0

    • Johnnie L Dickert (Trustee)
  • Compensation: $2,127
  • Related: $14,889
  • Other: $0

    • Wf Bill Davis Sr (Trustee)
  • Compensation: $2,127
  • Related: $13,471
  • Other: $0

    • Andy Mcknight (Trustee)
  • Compensation: $1,418
  • Related: $13,117
  • Other: $0

    • David Felkel (Trustee)
  • Compensation: $2,836
  • Related: $11,334
  • Other: $0

    • Eugenne Harriott (Trustee)
  • Compensation: $1,418
  • Related: $2,836
  • Other: $0

    • Daniel B Shelley Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.scpowerteam.com

    Where can I find the form 990 for Palmetto Economic Development Corp Dba South Carolina Power Team?

    The Palmetto Economic Development Corp Dba South Carolina Power Team’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.scpowerteam.com

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

    Mission Statement of Palmetto Economic Development Corp Dba South Carolina Power Team

    Palmetto Economic Development Corporation, often referred to as South Carolina Power Team, serves as the economic development alliance for the state's 20 electric cooperatives. Their mission is centered around fostering growth in employment opportunities, investments, and electric load. By attracting new industrial and commercial activities, this organization plays a crucial role in driving economic development within South Carolina, providing power to over 2 million residents. In essence, Palmetto Economic Development Corporation is dedicated to enhancing the economic landscape of the state by facilitating the creation of jobs, encouraging investment, and managing the electric load demand effectively.

    Impact

    This information is meant to be a general summary of Palmetto Economic Development Corp Dba South Carolina Power Team. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Palmetto Economic Development Corp Dba South Carolina Power Team's impact can be seen in the facilitation of job growth, investment, and increased electric load in South Carolina. As the economic development alliance of the state's 20 electric cooperatives, they play a vital role in attracting new industrial and commercial activity to the region. This results in the creation of employment opportunities, influx of capital, and overall enhancement of the community. Their efforts contribute to the economic prosperity and development of South Carolina, benefiting over 2 million residents who rely on their services.





    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: $150,269
  • Program Service Revenue: $3,697,200
  • Gross Receipts: $6,045,789

    • Assets and Liabilities:
  • Total Assets: $3,111,995
  • Total Liabilities: $1,238,208
  • Net Assets: $1,873,787
  • Programs

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

    PROFESSIONAL SERVICES

    Revenue

    $3,697,000

    SPONSORSHIP INCOME

    Revenue

    $200

    Organization Details

    Founding Year

    1988

    Principal Officer

    James Chavez

    Main Address

    1201 MAIN STREET 1710, COLUMBIA, SC, 29201

    NTEE Category

    Code: S30 - Community improvement

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