Berkeley Electric Cooperative Inc

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

EIN: 570123093 ✦ Moncks corner, SC ✦ Designated as a 501(c)(12)

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Overview

What is Berkeley Electric Cooperative Inc?

Berkeley Electric Cooperative Inc is a nonprofit organization based in Moncks Corner, South Carolina. With a team of 332 employees, they are dedicated to providing the best possible electric service to residents within Berkeley, Charleston, and Dorchester counties. Their commitment extends beyond just energy, as they aim to enhance the lives of those they serve. The cooperative prioritizes safety, reliability, and affordability, ensuring their services meet the highest standards.


Official website here: www.bec.coop

Is Berkeley Electric Cooperative Inc legitimate?

Berkeley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Berkeley 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $743,702
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.bec.coop

What is the mission statement of Berkeley Electric Cooperative Inc?

Berkeley Electric Cooperative strives to deliver safe, reliable, and affordable energy to those it serves, enhancing their lives in the process. Committed to providing the best possible electric service, the cooperative aims to meet the energy needs of all within South Carolina's Berkeley, Charleston, and Dorchester counties, all while maintaining the highest standards of service.


Official website here: www.bec.coop

Who is the CEO of Berkeley Electric Cooperative Inc?

Michael Fuller is the Chairman of Berkeley Electric Cooperative Inc. The CEO's salary of Berkeley Electric Cooperative Inc is $438,090 and their total compensation is $517,891.


Official website here: www.bec.coop

What is the revenue of Berkeley Electric Cooperative Inc?

Berkeley Electric Cooperative Inc's revenue in 2022 was $408,085,738.


Official website here: www.bec.coop

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

The average compensation at Berkeley Electric Cooperative Inc during 2022 was $2,240. There are 332 employees at Berkeley Electric Cooperative Inc.


Here are 16 key members and their salaries (Berkeley Electric Cooperative Inc's CEO's salary is $438,090 and their total compensation is $517,891):


H Wayne Dewitt (Chairman)
  • Compensation: $31,287
  • Related: $400
  • Other: $0
Willis Sanders (Vice Chairma)
  • Compensation: $27,225
  • Related: $400
  • Other: $0
Connie P Shuler (Secretary/Tr)
  • Compensation: $36,560
  • Related: $400
  • Other: $0
Robert Vandross (Director)
  • Compensation: $24,475
  • Related: $400
  • Other: $0
Sam Gourdine (Director)
  • Compensation: $26,125
  • Related: $400
  • Other: $0
Henry Chavis Sr (Director)
  • Compensation: $25,025
  • Related: $400
  • Other: $0
Sheila Powell (Director)
  • Compensation: $30,525
  • Related: $400
  • Other: $0
Denver Lee Clayton (Director)
  • Compensation: $3,850
  • Related: $100
  • Other: $0
Robert Jenkins (Director)
  • Compensation: $1,650
  • Related: $100
  • Other: $0
Harry Brunson (Director-Fmr)
  • Compensation: $15,789
  • Related: $300
  • Other: $0
Michael Fuller (Ceo)
  • Compensation: $438,090
  • Related: $0
  • Other: $79,801
Tim Mobley (Vp - Enginee)
  • Compensation: $219,285
  • Related: $0
  • Other: $108,905
Joel Stevens (Vp - Finance)
  • Compensation: $205,385
  • Related: $0
  • Other: $58,995
Louise Meade (Vp - Human R)
  • Compensation: $198,736
  • Related: $0
  • Other: $99,533
Trena Nelson (Vp - Bce)
  • Compensation: $188,471
  • Related: $0
  • Other: $82,819
Amy Langdon (Vp - Member)
  • Compensation: $160,054
  • Related: $0
  • Other: $84,092


Official website here: www.bec.coop

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

Berkeley Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bec.coop

Learn more at the official website: www.bec.coop

Mission Statement of Berkeley Electric Cooperative Inc

Berkeley Electric Cooperative Inc, a dedicated organization, is firmly committed to ensuring the provision of safe, reliable, and affordable energy to all who desire it within South Carolina. By prioritizing the highest standards of service, the cooperative enhances the lives of those it serves.

In pursuit of this mission, Berkeley Electric Cooperative meticulously works to deliver the best possible electric service to the communities in Berkeley, Charleston, and Dorchester Counties. The cooperative's unwavering dedication to its customers is evident in its commitment to ensuring the safety, reliability, and affordability of the energy it provides. With this mission at its core, Berkeley Electric Cooperative strives to make a positive impact on the lives of its customers every day.

Furthermore, Berkeley Electric Cooperative's mission extends beyond the mere provision of energy. The organization is passionate about enhancing the lives of those it serves, going above and beyond to meet the unique needs of its customer base. By consistently delivering on its promises, the cooperative fosters strong relationships and builds a sense of trust within the communities it serves.

In summary, Berkeley Electric Cooperative Inc is a mission-driven organization dedicated to providing safe, reliable, and affordable energy to its customers in South Carolina. Through its unwavering commitment to service, the cooperative not only meets the basic energy needs of its customers but also strives to enhance their lives in meaningful ways.

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Impact




October, 2024

Berkeley Electric Cooperative Inc plays a vital role in delivering safe, reliable, and affordable energy to communities in Berkeley, Charleston, and Dorchester counties in South Carolina. Its commitment to providing high-quality electric service ensures that all residents have access to essential energy resources, which is crucial for daily life and economic stability. The cooperative strives to enhance the lives of those it serves by prioritizing customer satisfaction and implementing programs aimed at improving service quality. By maintaining competitive costs while adhering to the highest standards, Berkeley Electric Cooperative fosters a sense of community and supports local development, contributing significantly to the overall well-being of the region.




This information is meant to be a general summary of Berkeley Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$408,085,738 (2022)
Expenses
$403,272,407 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,761,565
  • Program Service Revenue: $396,464,711
  • Gross Receipts: $411,209,966

Assets and Liabilities:

  • Total Assets: $676,271,341
  • Total Liabilities: $471,631,356
  • Net Assets: $204,639,985

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Programs

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

ELECTRIC REVENUE

Revenue

$393,209,589

PATRONAGE CAPITAL CREDITS

Revenue

$2,928,840

POLE AND OTHER ATTACHMENTS

Revenue

$326,282

Organization Details

Founding Year

1940

Principal Officer

Michael Fuller

Main Address

PO BOX 1234, MONCKS CORNER, SC, 29461

NTEE Category

Code: W80 - Public benefit

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