Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
11 people listed on the 990; $201K paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|
| Michael S Fuller | — | — | — | $240,569 |
| Jeffery Singletary | — | — | — | $154,009 |
| Jack R Dearhart III | — | — | — | $150,705 |
| Jessica Mason | — | — | — | $147,550 |
| Lori Stuckey | — | — | — | $146,461 |
| Thomas Freeman | — | — | — | $140,799 |
| Lee White | $33,181 | $21,600 | $42,736 | $36,680 |
| David Howell | $27,727 | $21,600 | $33,616 | $28,952 |
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 Pee Dee Electric Cooperative INC executive salaries →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
Supplies affordable, high-quality electricity to everyone in its service area.
Questions for Pee Dee Electric Cooperative INC
Your first name shows with your question. Pee Dee Electric Cooperative INC answers here, for everyone.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported no findings.
The auditor reported no findings.
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Total assetsLn 16 | $120.6M | $0 |
| LiabilitiesLn 26 | $19.0M | $0 |
| Net assetsLn 32 | $101.7M | $0 |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $2.0M | |||
| Depreciation, depletion and amortizationLn 22 | $498K | |||
| Other expenses (24a–d)Ln 24 | $71.2M | |||
| All other expensesLn 24e | $3.6M | |||
| Total functional expensesLn 25 | $77.3M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2023 Latest ViewingFiled with the IRS May 1, 2025 | $76.6M | $77.3M | −$696K | $0 | 990 PDF |
| FY2022Filed with the IRS Nov 10, 2023 | $97.6M | $96.6M | $982K | $101.7M | 990 PDF |
| FY2021Filed with the IRS Nov 3, 2022 | $94.5M | $92.8M | $1.7M | $98.2M | 990 PDF |
| FY2020Filed with the IRS Nov 11, 2021 | $82.6M | $82.6M | $0 | $81.5M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $76,610,172 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $76,610,172 across 4 lines filed
Part IX · Statement of functional expenses $77,306,139 across 4 lines filed
Part X · Balance sheet $0 assets, 4 lines filed
Part XI · Reconciliation of net assets $0 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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