2024-11-14T09:29:50-06:00 2023-12-31 570940019 BAUKNIGHT PIETRAS & STORMER PA 1501 MAIN ST SUITE 600 COLUMBIA SC 29201 990 2023-01-01 570873176 PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM PALM 8032549211 1201 MAIN STREET 1710 COLUMBIA SC 29201 JAMES CHAVEZ PRESIDENT AND CEO 8032549211 2024-11-06 1 1 SHELLIE S JOHNSON P00294226 8037718943 2024-11-06 2023 2024-10-15 13:58:12Z JAMES CHAVEZ 1201 MAIN STREET SUITE 1710 COLUMBIA SC 29201 6811456 0 X WWW.SCPOWERTEAM.COM X 1988 SC PALMETTO ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT ALLIANCE OF THE STATE'S 19 ELECTRIC COOPERATIVES. TOGETHER THEY PROVIDE POWER TO MORE THAN 2 MILLION SOUTH CAROLINIANS. 15 14 9 0 0 0 0 0 3697200 4175000 150269 -28310 0 0 3847469 4146690 1214 158439 0 0 2090689 2116169 0 0 0 1603492 1844703 3695395 4119311 152074 27379 3111995 3104203 1238208 1182177 1873787 1922026 PALMETTO ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT ALLIANCE OF THE STATE'S 19 ELECTRIC COOPERATIVES. TOGETHER THEY PROVIDE POWER TO MORE THAN 2 MILLION SOUTH CAROLINIANS. 0 0 1603369 79220 2087500 FACILITATE THE GROWTH OF JOBS, INVESTMENT AND ELECTRIC LOAD THROUGH THE ATTRACTION OF NEW INDUSTRIAL AND COMMERCIAL ACTIVITY 1603368 79219 2087500 SUPPORT EXPANSION AND RETENTION OF EXISTING BUSINESSES AND FACILITIES 3206737 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 29 0 1 9 1 0 0 0 0 0 0 0 0 0 0 X 15 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X JAMES CHAVEZ 8032549211 1201 SOUTH MAIN ST 1710 COLUMBIA SC 29201 B ROBERT PAULLING CHAIRMAN 4.00 5.00 X 4963 19852 0 MARY SHERIDAN TRUSTEE 2.00 7.00 X 10635 15598 0 DAVID FELKEL TRUSTEE 2.00 7.00 X 3545 21979 0 JAMES ROWE VICE CHAIRMAN 4.00 5.00 X 2482 18434 0 J DAVID WASSON TRUSTEE 2.00 7.00 X 2836 25524 0 PAUL BASHA VOTING EX-OFFICIO 2.00 7.00 X 8508 60620 0 JAMES M BUNTON JR TRUSTEE 2.00 7.00 X 6381 13471 0 TERRY W MALLARD TRUSTEE 2.00 7.00 X 8863 23397 0 ROB HOCHSTETLER NON-VOTING EX- OFFICIO 4.00 40.00 X 0 954669 447012 DANIEL B SHELLEY III TRUSTEE 2.00 7.00 X 0 0 0 WF BILL DAVIS SR TRUSTEE 2.00 7.00 X 4254 7799 0 JOHNNIE L DICKERT TRUSTEE 2.00 7.00 X 6381 16662 0 CHARLES E ADAIR TRUSTEE 2.00 X 2127 13471 0 BRIAN W BROUGHTON TRUSTEE 2.00 X 4254 25170 0 GARY L STOOKSBURY TRUSTEE 2.00 X 4254 26588 0 BARBARA F WESTON TRUSTEE 2.00 X 4254 14180 0 MICHAEL FULLER TRUSTEE 2.00 X 0 0 0 JAMES CHAVEZ PRESIDENT AND CEO 40.00 X 353965 0 125845 WARREN DARBY JR SR VP GLOBAL BUSINESS 40.00 X 203673 0 74950 JAMES W FROST SR VP COMMUNITY PREPAREDNE 40.00 X 257554 0 81354 REBECCA BRELAND DIRECTOR OF SITE DEVELOPME 40.00 X 118906 0 31521 MARC METCALF SENIOR PROJECT MANAGER 40.00 X 119277 0 26932 ANGELYN SMITH SENIOR PROJECT MANAGER 40.00 X 111915 0 34775 1239027 1257414 822389 6 0 1 0 HAMILTON CAPITOL CENTER LLC 1201 MAIN STREET COLUMBIA SC 29201 RENT 161250 NP STRATEGY LLC PO BOX 2426 COLUMBIA SC 29202 CONSULTING 133726 BOYETTE STRATEGIC ADVISORS 225 E MARKHAM ST SUITE 450 LITTLE ROCK AR 72201 CONSULTING 109530 3 PROFESSIONAL SERVICES 541900 4175000 4175000 4175000 71899 71899 2564557 2664766 -100209 -100209 -100209 4146690 4175000 0 -28310 158439 158439 1595615 1356273 239342 393006 353705 39301 -61381 -55243 -6138 85100 76590 8510 103829 93446 10383 28346 28346 34808 34808 349534 349534 247477 247477 25579 17172 8407 62274 31137 31137 114157 102741 11416 275194 206395 68799 72574 72574 62800 62800 25929 25929 SPECIAL PROJECTS 374787 374787 COMMUNITY DEVELOPMENT A 91058 91058 DUES 80186 80186 4119311 3206737 912574 0 94302 67831 4922 43 2842803 2929161 614574 507406 169968 107168 3111995 3104203 193129 267051 1045079 915126 1238208 1182177 X 1873787 1922026 1873787 1922026 3111995 3104203 X 27379 20860 X X 0 1 X 0 0 X 3425000 3081000 3331400 3697200 4175000 17709600 3425000 3081000 3331400 3697200 4175000 17709600 0 0 0 17709600 59170 70561 92681 150269 -28310 344371 59170 70561 92681 150269 -28310 344371 3484170 3151561 3424081 3847469 4146690 18053971 0.98090 0.97640 0.01910 0.02360 X 614574 507406 107168 107168 LEASE LIABILITIES 915126 915126 X 4175000 0 4175000 -28310 -28310 4146690 4108902 0 4108902 10409 10409 4119311 PART X, LINE 2: MANAGEMENT HAS DETERMINED THAT PEDC DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. AS A RESULT, THE ORGANIZATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, INTEREST, OR PENALTIES AS OF THE PERIOD ENDING WITH THIS TAX RETURN. PART XI, LINE 4B - OTHER ADJUSTMENTS: RETIREE WELFARE BENEFIT TRUST EIN 22-6987698 -28,310. PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREE WELFARE BENEFIT TRUST EIN 22-6987698 10,409. 1 NEWBERRY ELECTRIC COOPERATIVE PO BOX 477 NEWBERRY SC 29108 570216285 25000 0 STRATEGIC PLANNING YORK ELECTRIC COOPERATIVE INC 1385 ALEXANDER LOVE HWY YORK SC 29745 570274084 10000 0 SITE ADVANCEMENT DORCHESTER COUNTY ECONOMIC DEVELOPMENT 402 N MAIN ST SUMMERVILLE SC 29483 821136999 26306 0 STRATEGIC PLANNING CHILDRENSWEAR HOLDING CORP 7005 PELHAM RD SUITE D GREENVILLE SC 29615 030442752 12500 0 RETRAINING INITIATIVE NATIONAL MACHINERY & FABRICATION INC 4977 STEELE VILLAGE RD ROCK HILL SC 29730 562195067 11000 0 RETRAINING INITIATIVE FLAME SPRAY NORTH AMERICA INC 576 INTERNATIONAL BLVD FOUNTAIN INN SC 29644 275204422 20000 0 RETRAINING INITIATIVE MARTIN PRINTING 1743 POWDERSVILLE RD EASLEY SC 29642 570157542 5650 0 RETRAINING INITIATIVE NATION FORD CHEMICAL 2300 BANK STREET FORT MILL SC 29715 570657367 25000 0 RETRAINING INITIATIVE X 1 1 X 0 0 0 0 0 0 0 0 0 ROB HOCHSTETLER NON-VOTING EX- OFFICIO 0 917500 0 18866 0 18303 0 416222 0 30790 0 1401681 0 0 JAMES CHAVEZ PRESIDENT AND CEO 350000 0 7309 0 -3344 0 93779 0 32066 0 479810 0 0 0 JAMES W FROST SR VP COMMUNITY PREPAREDNE 255474 0 5748 0 -3668 0 56084 0 25270 0 338908 0 0 0 WARREN DARBY JR SR VP GLOBAL BUSINESS 205026 0 4705 0 -6058 0 45286 0 29664 0 278623 0 0 0 REBECCA BRELAND DIRECTOR OF SITE DEVELOPME 114737 0 620 0 3549 0 14632 0 16889 0 150427 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 PEDC'S BOARD IS MADE UP OF MEMBERS FROM CENTRAL ELECTRIC POWER COOPERATIVE INC.'S BOARD. MEMBERS ARE ALSO EMPLOYEES OR TRUSTEES OF SC'S NINETEEN DISTRIBUTION COOPERATIVES AND SERVE ON VARIOUS OTHER COOPERATIVE RELATED BOARDS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BI-ANNUAL DETAILED REVIEW OF THE POLICY WITH FULL BOARD OF TRUSTEES FORM 990, PART VI, SECTION B, LINE 15 MARKET COMPARABLES ARE REVIEWED FOR THE CEO AND SENIOR STAFF. THE RESULTS OF THE STUDY ARE REVIEWED BY THE BOARD AND RECOMMENDATIONS IMPLEMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADDRESS. FORM 990, PART XI, LINE 9: RETIREE WELFARE BENEFIT TRUST EIN 22-6987698 38,719. APBO -17,859. FORM 990, PART XIII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED THE OVERSIGHT OR SELECTION PROCESS FOR AN INDEPENDENT ACCOUNTANT. CENTRAL ELECTRIC COOPERATIVE INC 20 COOPERATIVE WAY COLUMBIA SC 29210 570299350 GENERATION AND TRANSMISSION OF POWER SC ELECTRIC COOPERATIVE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 CENTRAL ELECTRIC POWER COOPERATIVE Q 4175000 ACTUAL COST