Berkeley Electric Cooperative INC

Not tax-deductible

Moncks Corner, SCMutual-benefit / member-servingSince 1940EIN 57-0123093Revenue $594.9M in FY2025

On file with the IRSbec.coopPo Box 1234, 29461-1244 · Moncks Corner, SCTax-exempt since Apr 1943

This page gets seen. Tell your story. Claim this org.

Berkeley Electric Cooperative is committed to providing safe, reliable and affordable energy, while enhancing the lives of those we serve.

$2.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $802K a year · under 1% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 0.3% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$533.4M
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$594.9M
+22% vs prior year
Spent
$594.9M
To programs
0%
Net assets
$257.8M
By yearFY2020–FY2025
Revenue
$594.9M
FY2025▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$344.0M
FY2021$366.0M
FY2022$408.1M
FY2023$437.1M
FY2024$488.2M
FY2025$594.9M
Expenses
$594.9M
FY2025▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$344.0M
FY2021$366.0M
FY2022$403.3M
FY2023$437.1M
FY2024$488.2M
FY2025$594.9M
Net assets
$257.8M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$183.1M
FY2021$201.1M
FY2022$204.6M
FY2023$218.5M
FY2024$228.7M
FY2025$257.8M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1943.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

17 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
$567,840Pt VII · Sec A
VP - Finance
$277,855Pt VII · Sec A
VP - Human R
$274,746Pt VII · Sec A
VP - Public
$225,948Pt VII · Sec A
VP - Info Te
$224,398Pt VII · Sec A
VP - Operati
$221,369Pt VII · Sec A
$31,636Pt VII · Sec A
Director
$31,625Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Fuller$567,840$504,743$484,208$438,090$420,297$109,578
Dwayne Cartwright—————$476,675
Tim Mobley——$347,038$219,285$209,951$203,251
Joel Stevens$277,855$238,141$222,885$205,385$182,632$175,152
Louise Meade$274,746$242,575$220,155$198,736$187,473$179,782
Tony Vincent$225,948—————
Amy Langdon$224,398——$160,054——
Thomas Harvey$221,369$191,374————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Berkeley Electric Cooperative INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides safe, reliable, and affordable energy to improve lives.

Questions for Berkeley Electric Cooperative INC

Tap to ask. Berkeley Electric Cooperative INC sees how many people are interested.

Your first name shows with your question. Berkeley Electric Cooperative INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $594.9M · in their own filed words · FY2025
01

To provide the best possible electric service to all who desire it within the south carolina counties of berkeley, charleston and dorchester counties at a reasonable cost, consistent with the highest standards of service.

$594.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$100K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$594.9M
Ln 12
Fees for servicesLn 2g$590.2M
Investment incomeLn 3$4.2M
Other incomeLn 4–11$494K
Money outPt IX
$594.9M
Ln 25
Owns and owesPt X
$257.8M
net assets · Ln 32
Cash and savingsLn 1–2$77.7M
Total assetsLn 16$791.2M
LiabilitiesLn 26$533.4M
PeoplePt VI, VII
17
listed · VII A
PaidVII A17
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$590.2M
Investment incomeLn 3$4.2M
Other incomeLn 4–11$494K
Total revenueLn 12$594.9M
Assets in detailPt X, end of year
CashLn 1$72.7M
SavingsLn 2$5.0M
Cash and savings togetherLn 1–2$77.7M
InvestmentsLn 11–13$41.1M
Land, buildings, equipmentLn 10c$638.7M
Other assetsLn 15$283K
Total assetsLn 16$791.2M
LiabilitiesLn 26$533.4M
Net assetsLn 32$257.8M
OperationsPt I, VI
EmployeesI 5338
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$113.9M$77.7M
InvestmentsLn 11–13$37.5M$41.1M
Land, buildings, equipmentLn 10c$572.3M$638.7M
Total assetsLn 16$766.2M$791.2M
LiabilitiesLn 26$537.4M$533.4M
Net assetsLn 32$228.7M$257.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$40.2M
Pay of current officers, directors and key staffLn 5$877K
InterestLn 20$14.0M
Depreciation, depletion and amortizationLn 22$26.0M
Other expenses (24a–d)Ln 24$477.9M
All other expensesLn 24e$35.9M
Total functional expensesLn 25$594.9M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $594.9M$594.9M$0$257.8M 990 PDF
FY2024 $488.2M$488.2M$0$228.7M 990 PDF
FY2023 $437.1M$437.1M$0$218.5M 990 PDF
FY2022 $408.1M$403.3M$4.8M$204.6M 990 PDF
FY2021 $366.0M$366.0M$0$201.1M 990 PDF
FY2020 $344.0M$344.0M$0$183.1M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $594,885,803 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $486,489,659$590,160,490
I-10 Investment incomePrior year $1,471,339$4,231,097
I-11 Other revenuePrior year $229,363$494,216
I-12 Total revenuePrior year $488,190,361$594,885,803
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $33,811,944$40,212,006
I-15 Salaries and benefitsPrior year $815,504$877,115
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $453,562,913$553,796,682
I-18 Total expensesPrior year $488,190,361$594,885,803
I-19 Revenue less expenses$0
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $594,885,803 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $589,827,678 · Excluded from tax $332,812$590,160,490
VIII-3 Investment incomeRelated to mission $137,957 · Excluded from tax $4,093,140$4,231,097
VIII-6 Net rental income or lossUnrelated business −$10,198−$10,198
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $280,111 · Unrelated business $224,303$504,414
VIII-12 Total revenueRelated to mission $590,245,746 · Unrelated business $214,105 · Excluded from tax $4,425,952$594,885,803
Part IX · Statement of functional expenses $594,885,803 across 6 lines filed
IX-4 Benefits paid to or for members$40,212,006
IX-5 Pay of current officers, directors and key staff$877,115
IX-20 Interest$13,952,539
IX-22 Depreciation, depletion and amortization$26,047,296
IX-24 Other expenses (24a–d)$477,922,665
IX-24e All other expenses$35,874,182
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$594,885,803
Part X · Balance sheet $791,195,308 assets, 14 lines filed
Asset lines not itemized here account for $3,110,613; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $97,412,311$72,661,994
X-2 Savings and temporary cash investmentsStart of year $16,496,179$5,000,000
X-4 Accounts receivableStart of year $27,660,327$16,954,577
X-8 Inventories for sale or useStart of year $11,465,605$13,104,793
X-9 Prepaid expenses and deferred chargesStart of year $372,311$295,631
X-10c Land, buildings and equipment, netStart of year $572,302,312$638,714,086
X-13 Program-related investmentsStart of year $37,539,217$41,070,934
X-15 Other assetsStart of year $247,648$282,680
X-16 Total assetsStart of year $766,173,909$791,195,308
X-17 Accounts payable and accrued expensesStart of year $46,270,797$61,004,257
X-25 Other liabilitiesStart of year $72,826,712$82,063,812
X-26 Total liabilitiesStart of year $537,448,481$533,430,696
X-32 Total net assets or fund balancesStart of year $228,725,428$257,764,612
X-33 Total liabilities and net assetsStart of year $766,173,909$791,195,308
Part XI · Reconciliation of net assets $257,764,612 net assets at year end
XI-1 Total revenue$594,885,803
XI-2 Total expenses$594,885,803
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$228,725,428
XI-9 Other changes in net assets$29,039,184
XI-10 Net assets at end of year$257,764,612

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.