Central Electric Power Cooperative Inc
501(c)(12)
Only null% goes to programs Thin reserves Growing revenue
Central Electric Power Cooperative Inc is a 501(c)(12) organization based in Columbia, South Carolina, registered in 1954, with $1,607,586,867 in FY2024 revenue. CharityIndex grades it B+.
20 Cooperative Way, Columbia, SC, 29210 EIN 57-0299350 Since 1954
Revenue (FY2024)
$1.6B
▲ 7.6% vs prior year
Expenses (FY2024)
$1.6B
Net assets
$104.2M
Employees
62
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—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 Central Electric Power 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 →
C+Financial health25% of the rating1 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 Central Electric Power Cooperative Inc: 1 mo reserves · +0% margin earns a C+ 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 Central Electric Power Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Central Electric Power Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Central exists to provide reliable power delivery for the benefit of our members.
What they do
Central constructs transmission tap lines to serve substations owned by member distribution cooperatives. total miles of transmission lines were 777 at 12/31/16 compared to 758 at 12/31/15.
Contact & location
- Address
- 20 Cooperative Way, Columbia, SC, 29210
- City
- Columbia
- State
- South Carolina
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $1.2B (FY2013) to $1.6B (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $454.7MNet assets $104.2M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$558.9M
Total liabilities
$454.7M
Net assets
$104.2M
Salaries & benefits
$13.4M
1% of expenses
Board members
38
38 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,607,586,867▲7.6% | $1,607,225,180▲7.5% | $104,216,493▲18.4% | $558,897,912▼3.6% | 990 |
| 2023 | $1,494,325,046▲2.4% | $1,494,640,588▲2.4% | $88,050,333▲16.8% | $579,816,387▲11.7% | 990 |
| 2022 | $1,459,022,371▲9.3% | $1,459,000,797▲9.3% | $75,368,347▲16.0% | $519,315,059▲18.7% | 990 |
| 2021 | $1,335,264,173▲2.5% | $1,334,505,600▲2.5% | $64,973,367▲8.2% | $437,527,195▼2.3% | 990 |
| 2020 | $1,302,836,659▼3.0% | $1,302,575,315▼3.0% | $60,045,150▲3.6% | $447,690,732▲4.7% | 990 |
| 2019 | $1,343,281,930▲6.4% | $1,343,105,032▲6.5% | $57,948,819▲26.2% | $427,496,454▲15.0% | 990 |
| 2016 | $1,262,689,509▲3.4% | $1,261,234,373▲3.3% | $45,930,956▲8.3% | $371,851,633▲8.8% | 990 |
| 2015 | $1,220,889,910▼2.7% | $1,220,734,029▼2.7% | $42,422,760▲6.3% | $341,849,307▼2.4% | 990 |
| 2014 | $1,254,791,457▲4.7% | $1,254,672,480▲4.7% | $39,909,233▲10.3% | $350,307,979▲0.1% | 990 |
| 2013 | $1,198,798,957 | $1,198,744,760▲4.8% | $36,166,515▲11.4% | $350,017,973▲15.4% | 990 |
| 2012 | — | $1,144,292,683▼0.4% | $32,479,908▲18.4% | $303,255,753▲5.1% | 990 |
| 2011 | — | $1,148,463,324▼1.4% | $27,422,182▲6.6% | $288,406,053▼7.8% | 990 |
| 2010 | — | $1,164,695,338 | $25,732,166 | $312,733,523 | 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 (FY2024)
Highest-paid: Robert Hochstetler — $1,017,013 (0.06% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Hochstetler | President & Ceo | 40 | $1,017,013 |
| Mryan Thomas | Svp of Administration & Cfo | 40 | $405,560 |
| James Cole Price | Evp of Member Services | 40 | $393,316 |
| Marcus Harris | Svp of Planning & Power Supply | 40 | $329,810 |
| William Ware | Svp of Engineering & Eng Svcs | 40 | $281,174 |
| Kenneth Motsinger | Director of Engineering | 40 | $225,592 |
| Gerald Fleming | Director of Power Supply | 40 | $209,092 |
| Leslie Maley | Vp of Planning and Power Supply | 40 | $191,500 |
| Dinah Raven | Corporate Controller | 40 | $190,378 |
| James Tindal | Dir of Transmission Design & Constr | 40 | $180,324 |
| Todd Berrian | Director of Right of Way Services | 40 | $177,430 |
| A Berl Davis | Chairman | 7 | $44,327 |
| Douglas A Reeves | Vice Chairman | 7 | $40,230 |
| Robert G Ardis III | Trustee | 5 | $29,800 |
| E Paul Basha | Chairman | 7 | $24,957 |
| Terry W Mallard | Trustee | 5 | $24,957 |
| James L Lovinggood | Trustee | 5 | $21,232 |
| G Keith Avery | Trustee | 5 | $20,860 |
| Gary L Stooksbury | Trustee | 5 | $20,488 |
| Mary B Sheridan | Trustee | 5 | $20,488 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Lee Electrical Construction Inc | Construction and Maintenance | $3,974,618 |
| Aces Power Marketing | Power Supply Marketing | $1,629,717 |
| Tiencken Law Firm LLC | Legal | $1,612,082 |
| Bluroc LLC | Construction and Maintenance | $1,267,106 |
| Eversheds Sutherland LLC | Legal | $970,098 |
Grants made · $3.1M in FY2024
9 grants totaling $3.1M in FY2024. All grants made by Central Electric Power Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Coastal Electric Cooperative Inc | Economic development | $1,000,000 |
| York Electric Cooperative Inc | Economic development | $580,000 |
| Lynches River Electric Cooperative Inc | Economic development | $470,000 |
| Santee Electric Cooperative Inc | Economic development | $280,000 |
| Black River Electric Cooperative Inc | Economic development | $200,000 |
| Tri-county Electric Cooperative Inc | Economic development | $187,199 |
| Little River Electric Cooperative Inc | Economic development | $185,000 |
| Horry Electric Cooperative Inc | Economic development | $100,000 |
| Berkeley Electric Cooperative Inc | Economic development | $100,000 |
Frequently asked questions
- Is Central Electric Power Cooperative Inc a legitimate nonprofit?
- Yes. Central Electric Power Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 57-0299350, based in Columbia, South Carolina.
- What is Central Electric Power Cooperative Inc's EIN?
- Central Electric Power Cooperative Inc's Employer Identification Number (EIN) is 57-0299350.
- How much revenue does Central Electric Power Cooperative Inc report?
- Central Electric Power Cooperative Inc reported $1,607,586,867 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Central Electric Power Cooperative Inc have?
- CharityIndex grades Central Electric Power Cooperative Inc B+, based on financial health (reserves and operating margin).
- How much does Central Electric Power Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Central Electric Power Cooperative Inc's latest Form 990 is $1,017,013, paid to Robert Hochstetler (President & Ceo).
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Data for Central Electric Power Cooperative Inc (EIN 57-0299350) 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.