York Electric Cooperative Inc

Organization Overview

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.

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


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Fiber Optic Solutions
Fiber
$894,031
Asplundh Tree Expert Co
Right Of Way
$2,411,799
Pike Enterprises Llc
Contractors
$2,065,892
Turner Communications
Communications
$329,776
Williams Electric Company
Contractor
$658,779
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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$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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that York Electric Cooperative Inc has recieved totaling $53,280.

Awarding OrganizationAmount
Central Electric Power Cooperative Inc

Columbia, SC

PURPOSE: ECONOMIC DEVELOPMENT

$53,280
View Grant Recipient Profile

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