Berkeley Electric Cooperative Inc
501(c)(12)
Growing revenue
Berkeley Electric Cooperative Inc is a 501(c)(12) organization based in Moncks Corner, South Carolina, registered in 1943, with $594,885,803 in FY2025 revenue.
Po Box 1234, Moncks Corner, SC, 29461 EIN 57-0123093 Since 1943
Revenue (FY2025)
$594.9M
▲ 21.9% vs prior year
Expenses (FY2025)
$594.9M
Net assets
$257.8M
Employees
342
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Berkeley Electric Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Berkeley Electric Cooperative Inc: 5 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Berkeley Electric Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Berkeley Electric Cooperative Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Berkeley electric cooperative is committed to providing safe, reliable and affordable energy, while enhancing the lives of those we serve.
What they do
To provide affordable, safe and reliable electric service to our member owners.
Contact & location
- Address
- Po Box 1234, Moncks Corner, SC, 29461
- City
- Moncks Corner
- State
- South Carolina
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $217.4M (FY2013) to $594.9M (FY2025) across 13 reported years.
Financial snapshot
Financial health & position (FY2025)
Liabilities $533.4MNet assets $257.8M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$791.2M
Total liabilities
$533.4M
Net assets
$257.8M
Salaries & benefits
$877K
0% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $594,885,803▲21.9% | $594,885,803▲21.9% | $257,764,612▲12.7% | $791,195,308▲3.3% | 990 |
| 2024 | $488,190,361▲11.7% | $488,190,361▲11.7% | $228,725,428▲4.7% | $766,173,909▲8.5% | 990 |
| 2023 | $437,149,733▲7.1% | $437,149,733▲8.4% | $218,533,986▲6.8% | $706,474,043▲4.5% | 990 |
| 2022 | $408,085,738▲11.5% | $403,272,407▲10.2% | $204,639,985▲1.8% | $676,271,341▲9.0% | 990 |
| 2021 | $366,017,101▲6.4% | $366,017,101▲6.4% | $201,076,734▲9.8% | $620,212,746▲11.6% | 990 |
| 2020 | $344,018,397▲5.1% | $344,018,397▲5.1% | $183,146,341▲8.6% | $555,545,257▲3.4% | 990 |
| 2019 | $327,227,393▲0.7% | $327,227,393▲0.7% | $168,570,082▲11.6% | $537,447,738▲16.5% | 990 |
| 2018 | $324,970,807▲14.1% | $324,970,807▲14.1% | $150,988,709▲18.7% | $461,428,469▲7.3% | 990 |
| 2017 | $284,895,251▲10.5% | $284,895,251▲10.5% | $127,171,438▲5.4% | $429,930,339▼1.1% | 990 |
| 2016 | $257,929,650▲6.6% | $257,929,650▲5.4% | $120,667,713▲5.1% | $434,720,951▲2.8% | 990 |
| 2015 | $241,859,605▲4.1% | $244,692,696▲5.1% | $114,849,662▲5.2% | $422,841,458▲7.6% | 990 |
| 2014 | $232,430,857▲6.9% | $232,815,518▲7.2% | $109,173,735▲5.5% | $393,030,681▲11.9% | 990 |
| 2013 | $217,443,187 | $217,253,802▲5.8% | $103,468,620▲5.3% | $351,382,140▲4.8% | 990 |
| 2012 | — | $205,250,871▲3.8% | $98,258,709▲5.9% | $335,411,395▼0.7% | 990 |
| 2011 | — | $197,669,592▲5.5% | $92,764,741▲7.5% | $337,666,160▼0.5% | 990 |
| 2010 | — | $187,282,974 | $86,322,822 | $339,321,258 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2025)
Highest-paid: Michael Fuller — $567,840 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Fuller | Ceo | 50 | $567,840 |
| Joel Stevens | Vp - Finance | 50 | $277,855 |
| Louise Meade | Vp - Human R | 50 | $274,746 |
| Tony Vincent | Vp - Public | 50 | $225,948 |
| Amy Langdon | Vp - Info Te | 50 | $224,398 |
| Thomas Harvey | Vp - Operati | 50 | $221,369 |
| H Wayne Dewitt | Chairman | 12 | $31,636 |
| Sam Gourdine | Director | 10 | $31,625 |
| Willis Sanders | Vice Chairma | 10 | $27,225 |
| Robert Vandross | Director | 10 | $25,300 |
| Connie P Shuler | Secretary/tr | 10 | $23,034 |
| Henry Chavis Sr | Director | 10 | $21,725 |
| Sheila Powell | Director: Ja | 10 | $20,350 |
| Robert Jenkins | Director | 10 | $16,775 |
| Denver Lee Clayton | Director: Ja | 10 | $14,025 |
| Clay Helms | Director | 10 | $1,100 |
| Debbie Chatman Bryant | Director | 10 | $1,100 |
Top vendors & contractors (FY2025)
| Contractor | Services | Paid |
|---|---|---|
| Sumter Utilities | Construction | $9,094,567 |
| Xylem Tree Experts | Row Clearing | $3,651,938 |
| Pinnacle Construction | Boring | $2,030,701 |
| Utiliquest | Underground Svc | $1,020,450 |
| Ampirical Solutions LLC | Engineering | $589,451 |
Grants received · $100K total
1 grant to Berkeley Electric Cooperative Inc totaling $100K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Central Electric Power Cooperative Inc | Economic development | 2024 | $100,000 |
Frequently asked questions
- Is Berkeley Electric Cooperative Inc a legitimate nonprofit?
- Yes. Berkeley Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 57-0123093, based in Moncks Corner, South Carolina.
- What is Berkeley Electric Cooperative Inc's EIN?
- Berkeley Electric Cooperative Inc's Employer Identification Number (EIN) is 57-0123093.
- How much revenue does Berkeley Electric Cooperative Inc report?
- Berkeley Electric Cooperative Inc reported $594,885,803 in total revenue on its fiscal year 2025 IRS Form 990 filing.
- How much does Berkeley Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Berkeley Electric Cooperative Inc's latest Form 990 is $567,840, paid to Michael Fuller (Ceo).
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Data for Berkeley Electric Cooperative Inc (EIN 57-0123093) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.