York Electric Cooperative Inc is located in York, SC. The organization was established in 1975. 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 12/2021, York Electric Cooperative Inc employed 127 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. York 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 12/2021, York Electric Cooperative Inc generated $132.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $132.4m during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE UNSURPASSED INNOVATIVE AND DIVERSIFIED SERVICE AT A REASONABLE COST WHILE IMPROVING THE QUALITY OF LIFE AND PROMOTING INTEGRITY, ECONOMIC DEVELOPMENT, SAFETY AND A VISION OF THE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
E Paul Basha President & | Officer | 50 | $352,442 |
M Dennis Lynn VP Of Energy | 40 | $216,522 | |
J Craig Spencer VP Of Engine | 40 | $177,089 | |
Tracy Mcbride VP Of Financ | 40 | $175,218 | |
R Marcus Howie VP Of Commun | 40 | $164,450 | |
James Salmon VP Of Info. | 40 | $128,890 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Fiber Optic Solutions Fiber | 12/30/21 | $894,031 |
Asplundh Tree Expert Co Right Of Way | 12/30/21 | $2,411,799 |
Pike Enterprises Llc Contractors | 12/30/21 | $2,065,892 |
Turner Communications Communications | 12/30/21 | $329,776 |
Williams Electric Company Contractor | 12/30/21 | $658,779 |
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 | $132,125,042 |
Investment income | $267,659 |
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 | $132,392,701 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $11,533,493 |
Compensation of current officers, directors, key employees. | $580,247 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,797,291 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $8,405,308 |
Insurance | $0 |
All other expenses | $4,554,364 |
Total functional expenses | $132,392,701 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $868,172 |
Savings and temporary cash investments | $26,686,595 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $11,560,774 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,622,177 |
Prepaid expenses and deferred charges | $2,015,704 |
Net Land, buildings, and equipment | $181,452,485 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $12,108,878 |
Intangible assets | $0 |
Other assets | $8,403 |
Total assets | $238,323,188 |
Accounts payable and accrued expenses | $16,145,110 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $94,206,858 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $23,130,211 |
Total liabilities | $133,482,179 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $289,045 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $104,551,964 |
Total liabilities and net assets/fund balances | $238,323,188 |
Over the last fiscal year, we have identified 1 grants that York Electric Cooperative Inc has recieved totaling $53,280.
Awarding Organization | Amount |
---|---|
Central Electric Power Cooperative Inc Columbia, SC PURPOSE: ECONOMIC DEVELOPMENT | $53,280 |
Organization Name | Assets | Revenue |
---|---|---|
Jackson Electric Membership Corp Jefferson, GA | $1,224,303,203 | $616,720,445 |
Cobb Electric Membership Corporation Marietta, GA | $1,101,529,853 | $448,648,839 |
Sawnee Electric Membership Corp Cumming, GA | $881,772,713 | $421,763,531 |
Berkeley Electric Cooperative Inc Moncks Corner, SC | $676,271,341 | $408,085,738 |
Georgia Transmission Corporation Tucker, GA | $2,954,026,800 | $380,617,270 |
Walton Emc Monroe, GA | $527,402,332 | $323,280,272 |
Greystone Power Corporation An Electric Membership Corporation Douglasville, GA | $623,308,885 | $319,065,747 |
Energyunited Electric Membership Corporation Statesville, NC | $513,896,783 | $280,523,963 |
Flint Electric Membership Corporation Reynolds, GA | $439,600,941 | $250,834,907 |
Snapping Shoals Electric Membership Corp Covington, GA | $296,699,406 | $211,884,091 |
Brunswick Electric Membership Corp Shallotte, NC | $489,243,089 | $201,275,080 |
Coweta Fayette Electric Membership Palmetto, GA | $416,915,682 | $186,432,980 |