Nonprofit · EIN 57-0113065
AIKEN ELECTRIC COOPERATIVE INC
Tax-exempt · AIKEN, SC 29802
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $145,685,592 | $147,836,297 | -$2,150,705 | $580,547,772 | $444,881,281 | $135,666,491 |
| December 31, 2023 | 990 | $133,351,302 | $135,776,672 | -$2,425,370 | $496,691,360 | $371,692,400 | $124,998,960 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $143,534,245
- Investment income
- $4,289,491
- Other revenue
- -$2,138,144
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $5,816,009
- Compensation of officers, directors and key employees
- $915,490
- Salaries, compensation and benefits (total)
- $940,519
- Professional fundraising fees
- $0
- Depreciation
- $14,464,463
Balance sheet and other
- Total assets, start of year
- $496,691,360
- Total assets, end of year
- $580,547,772
- Total liabilities, end of year
- $444,881,281
- Net assets, end of year
- $135,666,491
- Land, buildings and equipment
- $459,403,480
- Gross receipts
- $145,685,592
- Employees
- 159
- Year formed
- 1938
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GARY L STOOKSBURY | CEO Officer | 50 | $450,243 | $0 | $144,301 |
| DAN GARMAN | VP ENGINEERI Highest-paid employee | 45 | $281,837 | $0 | $173,251 |
| WILLIAM INMAN | VP STRATEGIC Highest-paid employee | 50 | $226,768 | $0 | $91,563 |
| LAURIE GLENN | VP HUMAN RES Highest-paid employee | 50 | $183,215 | $0 | $118,852 |
| APRIL COLLINS | VP FINANCE A Highest-paid employee | 50 | $196,421 | $0 | $91,809 |
| CASEY GRICE | CREW CHIEF Highest-paid employee | 59 | $180,677 | $0 | $35,295 |
| VINCENT FURTICK JR | TRUSTEE Trustee or director | 5.06 | $54,239 | $1,500 | $0 |
| SCOTT RIDDLE | TRUSTEE Trustee or director | 5.19 | $48,207 | $3,600 | $0 |
| DANA MOSELEY | TRUSTEE Trustee or director | 9.65 | $41,102 | $2,000 | $0 |
| O FRANK DORN | TRUSTEE Trustee or director | 9.13 | $40,670 | $2,000 | $0 |
| ROBERT CURRY | VICE PRESIDE Trustee or director, Officer | 7.87 | $31,714 | $2,000 | $0 |
| JAMES E STEWART JR | TRUSTEE Trustee or director | 5.78 | $28,697 | $2,000 | $0 |
| CHARLES SANDERS JR | ASSISTANT SE Trustee or director, Officer | 5.31 | $22,977 | $2,000 | $0 |
| J STROM THURMOND JR | PRESIDENT Trustee or director, Officer | 4.25 | $20,620 | $2,000 | $0 |
| ADAM L LIVINGSTON | TRUSTEE Trustee or director | 4.55 | $17,336 | $2,000 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| LINDA BRAMLETT | SECRETARY/TR Trustee or director, Officer | 7.94 | $15,384 | $2,000 |
| WAYNE FURTICK | FORMER TRUST Former | 0 | $12,811 | $0 |
| THEO R WILLIAMS | FORMER TRUST Former | 0 | $12,218 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GARY L STOOKSBURY | CEO Officer | 50 | $433,495 | $0 | $259,958 |
| DAN GARMAN | VP ENGINEERI Highest-paid employee | 50 | $242,781 | $0 | $181,839 |
| WILLIAM INMAN | VP STRATEGIC Highest-paid employee | 50 | $202,520 | $0 | $88,887 |
| MARTY SILVERS | VP OPERATION Highest-paid employee | 50 | $171,412 | $0 | $84,462 |
| APRIL COLLINS | VP FINANCE A Highest-paid employee | 50 | $167,730 | $0 | $87,501 |
| CASEY GRICE | CREW CHIEF Highest-paid employee | 50 | $171,121 | $0 | $33,795 |
| SCOTT RIDDLE | TRUSTEE Trustee or director | 6.6 | $50,127 | $3,600 | $0 |
| VINCENT FURTICK JR | TRUSTEE Trustee or director | 5.23 | $50,160 | $2,000 | $0 |
| O FRANK DORN | TRUSTEE Trustee or director | 10.71 | $42,076 | $2,000 | $0 |
| ROBERT CURRY | VICE PRESIDE Trustee or director, Officer | 9.25 | $33,137 | $2,000 | $0 |
| JAMES E STEWART JR | TRUSTEE Trustee or director | 6.77 | $29,187 | $2,000 | $0 |
| DANA MOSELEY | TRUSTEE Trustee or director | 10.66 | $28,578 | $2,000 | $0 |
| CHARLES SANDERS JR | ASSISTANT SE Trustee or director, Officer | 7.25 | $25,477 | $2,000 | $0 |
| J STROM THURMOND JR | PRESIDENT Trustee or director, Officer | 4.96 | $22,095 | $2,000 | $0 |
| LINDA BRAMLETT | SECRETARY/TR Trustee or director, Officer | 8.4 | $13,884 | $2,000 | $0 |
| OTIS DEWITT LIVINGSTON | TRUSTEE Trustee or director | 3.13 | $13,148 | $1,500 | $0 |
| WAYNE FURTICK | FORMER TRUST Former | – | $12,186 | $0 | $0 |
| THEO R WILLIAMS | FORMER TRUST Former | – | $11,603 | $0 | $0 |
| ADAM L LIVINGSTON | TRUSTEE Trustee or director | 1.75 | $2,836 | $500 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 417, AIKEN, SC 29802-0417
- Principal officer (990 for 2024)
- GARY L STOOKSBURY, PO BOX 417, AIKEN, SC 29802
- Signed the 990
- GARY L STOOKSBURY, CEO
- Phone
- (803) 649-6245
- Website
- WWW.AIKENCO-OP.ORG
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
AIKEN ELECTRIC COOPERATIVE, INC. WILL STRIVE TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT ARE DESIRED BY THE MEMBERSHIP.
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 | Not 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
- 57-0113065
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $580,547,772
- Income (IRS master file)
- $145,685,592
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $145,685,592 | $147,836,297 | $580,547,772 | XML |
| 990 | December 2023 | $133,351,302 | $135,776,672 | $496,691,360 | XML |
| 990 | December 2022 | $129,207,135 | $131,858,114 | $416,693,144 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 57-0113065).
Questions about AIKEN ELECTRIC COOPERATIVE INC
- What is the EIN of AIKEN ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of AIKEN ELECTRIC COOPERATIVE INC is 57-0113065.
- Is AIKEN ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to AIKEN ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AIKEN ELECTRIC COOPERATIVE INC 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 AIKEN ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AIKEN ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AIKEN ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names GARY L STOOKSBURY.
- Who are the officers and directors of AIKEN ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $450,243 (GARY L STOOKSBURY, CEO).
- How much revenue does AIKEN ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $145,685,592, expenses of $147,836,297 and total assets of $580,547,772 at year end.
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