Black River Electric Cooperative Inc

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

EIN: 570124487 ✦ Sumter, SC ✦ Designated as a 501(c)(12)

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Overview

What is Black River Electric Cooperative Inc?

Black River Electric Cooperative Inc is a nonprofit organization based in Sumter, South Carolina. Their primary mission is to deliver reliable and affordable electricity to both rural and urban communities within their assigned service territory. With a team of 84 employees, they dedicate themselves to customer satisfaction in addition to energy distribution. Their operations encompass providing electricity to residential, commercial, and industrial members, ensuring a consistent power supply for these communities.


Official website here: www.blackriver.coop

What do the Facebook reviews say about Black River Electric Cooperative Inc?

76% of 44 reviewers on Facebook recommend Black River Electric Cooperative Inc. Here is a summary of their reviews:

Many users appreciate the prompt response times of the cooperative, particularly highlighting instances of emergency service, such as quick arrival after a tree fell on power lines. This efficiency, especially during after-hours situations, has contributed positively to their overall impression of the organization.

Overall, the sentiment leans towards satisfaction, with customers recognizing the cooperative's commitment to ensuring reliable service and being attentive to their needs. The appreciation for fast and friendly assistance stands out in the feedback provided.


This AI summary has been generated from reviews found on Facebook.

Is Black River Electric Cooperative Inc legitimate?

Black River Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Black River 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: $821,263
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,705,083

For more financial information, click here


Official website here: www.blackriver.coop

What is the mission statement of Black River Electric Cooperative Inc?

Black River Electric Cooperative Inc strives to deliver reliable and affordable electricity to the rural and urban communities within its assigned service territories. Their mission goes beyond supplying power, as they prioritize providing excellent customer service to their members. The cooperative aims to maintain a dependable electricity supply, ensuring a consistent energy source for residents, commercial entities, and industrial operations alike. This commitment to service excellence is a crucial aspect of Black River Electric Cooperative Inc's mission.


Official website here: www.blackriver.coop

Who is the CEO of Black River Electric Cooperative Inc?

Charles R Allen is the Chair-Trust of Black River Electric Cooperative Inc. The CEO's salary of Black River Electric Cooperative Inc is $264,323 and their total compensation is $388,903.


Official website here: www.blackriver.coop

What is the revenue of Black River Electric Cooperative Inc?

Black River Electric Cooperative Inc's revenue in 2022 was $81,509,499.


Official website here: www.blackriver.coop

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

The average compensation at Black River Electric Cooperative Inc during 2022 was $53,885. There are 84 employees at Black River Electric Cooperative Inc.


Here are 16 key members and their salaries (Black River Electric Cooperative Inc's CEO's salary is $264,323 and their total compensation is $388,903):


Mary B Sheridan (Chair-Trust)
  • Compensation: $24,656
  • Related: $0
  • Other: $0
George R Gibson (Vice Chair.-)
  • Compensation: $10,867
  • Related: $0
  • Other: $20,500
Caren Schwartz (Secretary -T)
  • Compensation: $24,656
  • Related: $0
  • Other: $0
Julian Dixon Jr (Chaplain-Tru)
  • Compensation: $24,206
  • Related: $0
  • Other: $0
Thomas Durant (Trustee)
  • Compensation: $24,656
  • Related: $0
  • Other: $0
Ronald Fountain (Trustee)
  • Compensation: $23,600
  • Related: $0
  • Other: $0
Dr Ronald Prestage (Trustee)
  • Compensation: $10,706
  • Related: $0
  • Other: $0
Ivan Sanders (Trustee)
  • Compensation: $25,106
  • Related: $0
  • Other: $0
David L Tindal (Trustee)
  • Compensation: $17,006
  • Related: $0
  • Other: $0
Charles R Allen (Ceo)
  • Compensation: $264,323
  • Related: $0
  • Other: $124,580
Betty J Welsh (Vp Finance &)
  • Compensation: $174,832
  • Related: $0
  • Other: $51,569
James F Moye (Vp Engineeri)
  • Compensation: $137,593
  • Related: $0
  • Other: $22,207
Brenda P Chase (Public Relat)
  • Compensation: $118,411
  • Related: $0
  • Other: $40,626
Linsey Robinson (Crew Foreman)
  • Compensation: $127,481
  • Related: $0
  • Other: $36,387
Tracy Geddings (Line Superin)
  • Compensation: $114,857
  • Related: $0
  • Other: $51,980
Matthew Compton (Eng. Manager)
  • Compensation: $111,034
  • Related: $0
  • Other: $38,951


Official website here: www.blackriver.coop

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

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


Official website here: www.blackriver.coop

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

Mission Statement of Black River Electric Cooperative Inc

Black River Electric Cooperative Inc, a dedicated provider, works to bring reliable and affordable electricity to both rural and urban communities within its assigned service territories. The cooperative's primary mission is to ensure that its members, whether residential, commercial, or industrial, have consistent access to electricity essential for their daily lives and businesses.

In pursuit of this goal, Black River Electric Cooperative Inc goes beyond just electricity distribution. The cooperative is deeply committed to delivering excellent customer service that sets it apart from other utility providers. By prioritizing open communication, prompt problem-solving, and attentiveness to its members' needs, the cooperative fosters strong relationships and trust within the communities it serves.

Black River Electric Cooperative Inc's tireless efforts in providing essential energy and exceptional customer service are integral to enhancing the quality of life for its members. By remaining steadfast in its mission, the cooperative plays a crucial role in powering the progress and growth of its communities.

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Impact




October, 2024

Black River Electric Cooperative Inc plays a crucial role in delivering reliable and affordable electricity to both rural and urban areas within its service territory in Sumter, SC. By focusing on the distribution of electricity to residential, commercial, and industrial members, the cooperative ensures that its communities have access to essential energy services that support daily living and economic activities.

The cooperative emphasizes excellent customer service, which enhances member satisfaction and fosters a sense of community among users. This commitment not only contributes to the well-being of individual households and businesses but also supports the overall growth and stability of the local economy. In essence, Black River Electric Cooperative Inc is dedicated to providing indispensable public benefits through its mission of delivering energy solutions that cater to the needs of its diverse membership.




This information is meant to be a general summary of Black River 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
$81,509,499 (2022)
Expenses
$81,063,934 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $244,997
  • Program Service Revenue: $81,274,564
  • Gross Receipts: $81,509,499

Assets and Liabilities:

  • Total Assets: $117,414,050
  • Total Liabilities: $25,226,014
  • Net Assets: $92,188,036

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Programs

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

ELECTRIC REVENUE

Revenue

$80,618,475

PATRONAGE CAPITAL

Revenue

$616,996

POLE RENTAL

Revenue

$39,093

Organization Details

Founding Year

1939

Principal Officer

Charles R Allen

Main Address

PO BOX 130, SUMTER, SC, 291510130

NTEE Category

Code: W80 - Public benefit

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