Nonprofit · EIN 56-6536978
PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST
Tax-exempt · WALTERBORO, SC 29488
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,427,277 | $531,335 | $895,942 | $13,795,548 | $0 | $13,795,548 |
| December 31, 2024 | 990 | $1,115,933 | $380,968 | $734,965 | $12,667,734 | $0 | $12,667,734 |
| December 31, 2023 | 990 | $668,406 | $347,907 | $320,499 | $11,371,442 | $0 | $11,371,442 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $500,731
- Investment income
- $926,546
- Net gain from sales of assets
- $275,388
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $500,731
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $12,667,734
- Total assets, end of year
- $13,795,548
- Total liabilities, end of year
- $0
- Net assets, end of year
- $13,795,548
- Publicly traded securities
- $13,795,548
- Gross receipts
- $5,588,705
- Employees
- 0
- Year formed
- 2006
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RIAZZI RHYNE SWAIM INVESTMENTS | INVESTMENT A Institutional trustee | 5 | $0 |
990 for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RIAZZI RHYNE SWAIM INVESTMENT | INST. TRUSTE Institutional trustee | 5 | $0 | $34,737 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RIAZZI RHYNE SWAIM INVESTMENT | INST. TRUSTE Institutional trustee | 5 | $0 | $24,363 |
Address and contacts
- Address (IRS master file)
- 2471 JEFFERIES HWY, WALTERBORO, SC 29488-7234
- In care of
- % H J DANDRIDGE III GEN MGR
- Principal officer (990 for 2025)
- JASON J DANDRIDGE, 2471 JEFFERIES HIGHWAY, WALTERBORO, SC 29488
- Signed the 990
- JASON J DANDRIDGE, CEO - PRTC
- Phone
- (843) 538-2020
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
TO FUND AND PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR ELIGIBLE EMPLOYEES OF PALMETTO RURAL TELEPHONE COOPERATIVE, INC.
Program accomplishments
- N/A
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-6536978
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y43)
- Assets (IRS master file)
- $13,795,548
- Income (IRS master file)
- $5,588,705
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,427,277 | $531,335 | $13,795,548 | IRS |
| 990 | December 2024 | $1,115,933 | $380,968 | $12,667,734 | IRS |
| 990 | December 2023 | $668,406 | $347,907 | $11,371,442 | XML |
| 990 | December 2022 | $807,649 | $384,792 | $10,522,737 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-6536978).
Questions about PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST
- What is the EIN of PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST?
- The employer identification number (EIN) of PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST is 56-6536978.
- Is PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2007.
- Are donations to PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST?
- The 990 for the year ended December 31, 2025 names JASON J DANDRIDGE.
- Who are the officers and directors of PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST?
- The 990 for the year ended December 31, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does PALMETTO RURAL TELEPHONE COOPERATIVE INC VEBA TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,427,277, expenses of $531,335 and total assets of $13,795,548 at year end.
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