Fairfield Electric Cooperative Inc
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Fairfield Electric Cooperative Inc is a 501(c)(12) organization based in Blythewood, South Carolina, registered in 1942, with $87,876,216 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 2500, Blythewood, SC, 29016 EIN 57-0161235 Since 1942
Revenue (FY2024)
$87.9M
▲ 5.7% vs prior year
Expenses (FY2024)
$86.3M
Net assets
$55.0M
Employees
77
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
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. For Fairfield Electric Cooperative Inc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating8 mo reserves · +2% 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 Fairfield Electric Cooperative Inc: 8 mo reserves · +2% 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 Fairfield Electric 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 Fairfield Electric Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide our members quality energy services at a fair and reasonable price.
Contact & location
- Address
- Po Box 2500, Blythewood, SC, 29016
- City
- Blythewood
- State
- South Carolina
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $73.2M (FY2016) to $87.9M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $93.5MNet assets $55.0M
Operating margin
1.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$148.5M
Total liabilities
$93.5M
Net assets
$55.0M
Salaries & benefits
$514K
1% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $87,876,216▲5.7% | $86,333,938▲6.0% | $54,966,904▲1.2% | $148,506,470▲1.5% | 990 |
| 2023 | $83,149,712▲4.4% | $81,436,020▲3.6% | $54,336,308▲2.6% | $146,272,088▲0.3% | 990 |
| 2022 | $79,666,610▲5.0% | $78,632,714▲6.2% | $52,961,821 | $145,854,723▲6.7% | 990 |
| 2021 | $75,864,594▲2.0% | $74,049,465▲0.1% | $52,955,822▲1.9% | $136,717,721▼1.5% | 990 |
| 2020 | $74,391,474▼5.0% | $73,991,471▼5.5% | $51,954,821▲5.4% | $138,749,434▲7.3% | 990 |
| 2019 | $78,286,027▼2.7% | $78,280,130▼2.7% | $49,271,683▲10.7% | $129,269,020▲1.5% | 990 |
| 2018 | $80,466,579▲4.7% | $80,437,606▲4.8% | $44,512,614▲11.9% | $127,342,717▲1.5% | 990 |
| 2017 | $76,827,033▲5.0% | $76,774,523▲5.0% | $39,762,248▲9.3% | $125,509,317▲4.8% | 990 |
| 2016 | $73,164,101 | $73,123,995 | $36,368,313 | $119,720,470 | 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: Bruce G Bacon — $262,216 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bruce G Bacon | Ceo | 45 | $262,216 |
| Thomas S Black | Vp of Engineering | 45 | $205,242 |
| Erik A Marsha | Vp of Finance | 45 | $173,453 |
| Marvin M Price | Vp of Information Technology | 45 | $165,318 |
| Brandon M Boone | Vp of Operations | 45 | $157,341 |
| Douglas M Payne | Vp of Member Services | 45 | $157,183 |
| Robert Entzminger | Vice President | 7 | $43,552 |
| Mitchell D Rabon | President | 7 | $40,059 |
| Robert Kenneth Miles | Secretary | 7 | $33,864 |
| Derial L Ogburn | Trustee | 7 | $24,000 |
| Peggy D Swearingen | Trustee | 7 | $21,675 |
| William M Good | Trustee | 7 | $21,352 |
| Cynthia Able | Trustee | 7 | $18,300 |
| Timothy L Hopkins | Trustee | 7 | $13,700 |
| Ronald Friday | Trustee | 7 | $13,400 |
| Bruce E Honeycutt | Treasurer | 7 | $12,600 |
| Keith Lewis | Trustee | 7 | $9,305 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sumter Utilities | Utility Services | $3,144,056 |
| Xylem I LLC | Tree Services | $1,285,551 |
| Right Way Tree Experts LLC | Tree Cutting Services | $240,129 |
| Branhams Landscaping LLC | Landscaping Services | $204,247 |
| Dell Financial Services | Financial Services | $142,785 |
Grants received · $3.0M total
2 grants to Fairfield Electric Cooperative Inc totaling $3.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Central Electric Power Cooperative Inc | Economic development | 2023 | $1,579,728 |
| Central Electric Power Cooperative Inc | Economic development | 2022 | $1,420,272 |
Frequently asked questions
- Is Fairfield Electric Cooperative Inc a legitimate nonprofit?
- Yes. Fairfield Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 57-0161235, based in Blythewood, South Carolina.
- What is Fairfield Electric Cooperative Inc's EIN?
- Fairfield Electric Cooperative Inc's Employer Identification Number (EIN) is 57-0161235.
- How much revenue does Fairfield Electric Cooperative Inc report?
- Fairfield Electric Cooperative Inc reported $87,876,216 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Fairfield Electric Cooperative Inc's spending goes to programs?
- Fairfield Electric Cooperative Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Fairfield Electric Cooperative Inc have?
- CharityIndex grades Fairfield Electric Cooperative Inc A+, based on program efficiency and fundraising cost.
- How much does Fairfield Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Fairfield Electric Cooperative Inc's latest Form 990 is $262,216, paid to Bruce G Bacon (Ceo).
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Data for Fairfield Electric Cooperative Inc (EIN 57-0161235) 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.