Mpd Electric Cooperative Inc
- Assets
- $212.8m
- Revenue
- $23.3m
- Investments
- $0.0
- Employees
- 114
- Location
- Bennettsville, SC
- Founding
- Data as of
- 12/2022
- EIN
- 85-4014392
Organization Overview
Mpd Electric Cooperative Inc is located in Bennettsville, SC. 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 12/2022, Mpd Electric Cooperative Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mpd 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC 501(C)(12) MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William L Fleming Jr President (c | Officer | 40 | $562,381 |
Robert B Fleming Chief Operat | 40 | $562,094 | |
Thomas H Freeman Chief Admin | 40 | $317,182 | |
Lori A Stuckey Chief Consum | 40 | $312,824 | |
Robert T Kirk VP Operation | 40 | $304,157 | |
Jessica Mason Vp, Accounti | 40 | $311,243 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Be&k Building Group Construction | 12/30/22 | $24,419,016 |
Southeastern Limb & Tree Trimming | 12/30/22 | $1,157,754 |
Fvs Llc Herbicide | 12/30/22 | $171,144 |
Wheeler Trigg Odeonnel Llp Legal Services | 12/30/22 | $114,281 |
Davis Construction Line Repair | 12/30/22 | $110,025 |
View All Vendors
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 | $23,305,384 |
| Investment income | $1,976 |
| 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 | $23,307,360 |
| 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 | $733,709 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,360,982 |
| 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 | $68,845 |
| Office expenses | $264,941 |
| 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 | $2,947,900 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,619,495 |
| Insurance | $0 |
| All other expenses | $83,579 |
| Total functional expenses | $23,307,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,555 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,187,420 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,291,837 |
| Prepaid expenses and deferred charges | $476,457 |
| Net Land, buildings, and equipment | $200,947,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,000 |
| Intangible assets | $0 |
| Other assets | $631,039 |
| Total assets | $212,788,185 |
| Accounts payable and accrued expenses | $9,888,912 |
| 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 | $141,706,293 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,195,087 |
| Total liabilities | $155,790,292 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $56,997,893 |
| Total liabilities and net assets/fund balances | $212,788,185 |