Newberry Electric Cooperative Inc

Organization Overview

Newberry Electric Cooperative Inc is located in Newberry, SC. The organization was established in 1942. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Newberry Electric Cooperative Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newberry Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2023, Newberry Electric Cooperative Inc generated $48.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $48.6m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE THE BEST ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Johnnie L Dickert
Chairman
$41,389
William B Lominick Sr
Vice Chairma
$28,038
John Wayne Nichols
Secretary/tr
$35,229
Douglas E Hipp
Director
$35,639
J Craig Kesler
Director
$35,546
Leon Fulmer Jr
Director
$26,031

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lee Electrical Construction Inc
Construction
$1,646,645
Ellason Grading And Landscape
Tree Service
$1,567,372
Mccall-thomas Engineering Co
Eng. Consulting
$229,805
Southeast Utilities Of Georgia
Fiber
$1,091,543
Survalent Technology
Scada
$257,645
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$48,441,249
Investment income $54,065
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $48,559,358

Peer Organizations

Organization NameAssets
Blue Ridge Mountain Electric Membership Corp 101-10 Irc
Young Harris, GA
$118,245,767
Diverse Power Incorporated
Lagrange, GA
$117,227,225
Institute Of Nuclear Power Operations
Atlanta, GA
$103,717,427
Amicalola Electric Membership Corp
Jasper, GA
$110,407,403
South River Electric Membership Corporation
Dunn, NC
$110,165,030
Wake Electric Membership Corp
Wake Forest, NC
$105,727,856
Four County Electric Membership Corp
Burgaw, NC
$108,859,188
Pee Dee Electric Cooperative Inc
Darlington, SC
$97,590,031
Georgia System Operations Corporation
Tucker, GA
$92,308,341
Okefenoke Rural Electric Membership Corporation
Nahunta, GA
$88,852,838
Hart Electric Membership Corp
Hartwell, GA
$84,757,035
French Broad Electric Membership Corporation
Marshall, NC
$85,151,420
Fairfield Electric Cooperative Inc
Blythewood, SC
$83,149,712
Black River Electric Cooperative Inc
Sumter, SC
$81,509,499
Habersham Electric Membership Corp
Clarkesville, GA
$76,985,449
Jefferson Energy Cooperative
Wrens, GA
$79,306,347
Marlboro Electric Cooperative Inc
Bennettsville, SC
$78,601,633
Piedmont Electric Membership Corp
Hillsborough, NC
$76,825,164
Randolph Electric Membership Corp
Asheboro, NC
$72,253,775
Mitchell Electric Membership
Camilla, GA
$71,421,657
Canoochee Electric Membership Corp
Reidsville, GA
$69,238,946
Green Power Emc
Tucker, GA
$68,702,889
Carteret-Craven Electric Cooperative
Newport, NC
$70,087,411
Coastal Electric Membership Corp
Midway, GA
$66,759,109
Altamaha Electric Membership Corporation
Lyons, GA
$61,459,109

Create an account to unlock the data you need.

or