Nonprofit · EIN 57-0123093
BERKELEY ELECTRIC COOPERATIVE INC
Tax-exempt · MONCKS CORNER, SC 29461
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $594,885,803 | $594,885,803 | $0 | $791,195,308 | $533,430,696 | $257,764,612 |
| December 31, 2024 | 990 | $488,190,361 | $488,190,361 | $0 | $766,173,909 | $537,448,481 | $228,725,428 |
| December 31, 2023 | 990 | $437,149,733 | $437,149,733 | $0 | $706,474,043 | $487,940,057 | $218,533,986 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $590,160,490
- Investment income
- $4,231,097
- Net rental income
- -$10,198
- Other revenue
- $494,216
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $40,212,006
- Compensation of officers, directors and key employees
- $877,115
- Salaries, compensation and benefits (total)
- $877,115
- Professional fundraising fees
- $0
- Depreciation
- $26,047,296
Balance sheet and other
- Total assets, start of year
- $766,173,909
- Total assets, end of year
- $791,195,308
- Total liabilities, end of year
- $533,430,696
- Net assets, end of year
- $257,764,612
- Land, buildings and equipment
- $638,714,086
- Gross unrelated business income
- $214,105
- Gross receipts
- $594,975,655
- Employees
- 342
- Year formed
- 1940
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL FULLER | CEO Officer | 50 | $567,840 | $0 | $95,380 |
| LOUISE MEADE | VP - HUMAN R Highest-paid employee | 50 | $274,746 | $0 | $135,658 |
| JOEL STEVENS | VP - FINANCE Highest-paid employee | 50 | $277,855 | $0 | $81,897 |
| THOMAS HARVEY | VP - OPERATI Highest-paid employee | 50 | $221,369 | $0 | $116,158 |
| AMY LANGDON | VP - INFO TE Highest-paid employee | 50 | $224,398 | $0 | $108,065 |
| TONY VINCENT | VP - PUBLIC Highest-paid employee | 50 | $225,948 | $0 | $70,473 |
| H WAYNE DEWITT | CHAIRMAN Trustee or director, Officer | 12 | $31,636 | $400 | $0 |
| SAM GOURDINE | DIRECTOR Trustee or director | 10 | $31,625 | $400 | $0 |
| WILLIS SANDERS | VICE CHAIRMA Trustee or director, Officer | 10 | $27,225 | $400 | $0 |
| ROBERT VANDROSS | DIRECTOR Trustee or director | 10 | $25,300 | $400 | $0 |
| CONNIE P SHULER | SECRETARY/TR Trustee or director, Officer | 10 | $23,034 | $400 | $0 |
| HENRY CHAVIS SR | DIRECTOR Trustee or director | 10 | $21,725 | $400 | $0 |
| SHEILA POWELL | DIRECTOR: JA Trustee or director | 10 | $20,350 | $200 | $0 |
| ROBERT JENKINS | DIRECTOR Trustee or director | 10 | $16,775 | $400 | $0 |
| DENVER LEE CLAYTON | DIRECTOR: JA Trustee or director | 10 | $14,025 | $300 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| CLAY HELMS | DIRECTOR Trustee or director | 10 | $1,100 | $100 |
| DEBBIE CHATMAN BRYANT | DIRECTOR Trustee or director | 10 | $1,100 | $100 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL FULLER | CEO Officer | 50 | $504,743 | $0 | $93,882 |
| LOUISE MEADE | VP - HUMAN R Highest-paid employee | 50 | $242,575 | $0 | $125,144 |
| JOEL STEVENS | VP - FINANCE Highest-paid employee | 50 | $238,141 | $0 | $74,077 |
| TRENA NELSON | VP - BCE Highest-paid employee | 50 | $209,865 | $0 | $99,771 |
| THOMAS HARVEY | VP - OPERATI Highest-paid employee | 50 | $191,374 | $0 | $104,859 |
| CHRIS RUTLEDGE | VP - ENGINEE Highest-paid employee | 50 | $191,619 | $0 | $90,421 |
| H WAYNE DEWITT | CHAIRMAN Trustee or director, Officer | 12 | $32,692 | $400 | $0 |
| SAM GOURDINE | DIRECTOR Trustee or director | 10 | $26,950 | $400 | $0 |
| ROBERT VANDROSS | DIRECTOR Trustee or director | 10 | $25,300 | $400 | $0 |
| WILLIS SANDERS | VICE CHAIRMA Trustee or director, Officer | 10 | $24,200 | $400 | $0 |
| HENRY CHAVIS SR | DIRECTOR Trustee or director | 10 | $22,550 | $400 | $0 |
| CONNIE P SHULER | SECRETARY/TR Trustee or director, Officer | 10 | $22,487 | $400 | $0 |
| SHEILA POWELL | DIRECTOR Trustee or director | 10 | $21,450 | $400 | $0 |
| DENVER LEE CLAYTON | DIRECTOR Trustee or director | 10 | $20,900 | $400 | $0 |
| ROBERT JENKINS | DIRECTOR Trustee or director | 10 | $20,350 | $400 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHAEL FULLER | CEO Officer | 50 | $484,208 | $0 | $86,984 |
| TIM MOBLEY | VP - ENGINEE Highest-paid employee | 50 | $347,038 | $0 | $124,548 |
| LOUISE MEADE | VP - HUMAN R Highest-paid employee | 50 | $220,155 | $0 | $113,970 |
| TRENA NELSON | VP - BCE Highest-paid employee | 50 | $202,392 | $0 | $94,102 |
| JOEL STEVENS | VP - FINANCE Highest-paid employee | 50 | $222,885 | $0 | $67,237 |
| BRYAN REECE | VP - INFO. T Highest-paid employee | 50 | $176,594 | $0 | $56,333 |
| H WAYNE DEWITT | CHAIRMAN Trustee or director, Officer | 12 | $33,655 | $400 | $0 |
| CONNIE P SHULER | SECRETARY/TR Trustee or director, Officer | 10 | $31,007 | $400 | $0 |
| SHEILA POWELL | DIRECTOR Trustee or director | 10 | $28,600 | $400 | $0 |
| ROBERT VANDROSS | DIRECTOR Trustee or director | 10 | $25,850 | $400 | $0 |
| SAM GOURDINE | DIRECTOR Trustee or director | 10 | $25,850 | $400 | $0 |
| DENVER LEE CLAYTON | DIRECTOR Trustee or director | 10 | $25,850 | $400 | $0 |
| WILLIS SANDERS | VICE CHAIRMA Trustee or director, Officer | 10 | $24,200 | $400 | $0 |
| HENRY CHAVIS SR | DIRECTOR Trustee or director | 10 | $22,550 | $400 | $0 |
| ROBERT JENKINS | DIRECTOR Trustee or director | 10 | $18,700 | $400 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1234, MONCKS CORNER, SC 29461-1244
- In care of
- % BERKELEY ELECTRIC COOP INC
- Principal officer (990 for 2025)
- MICHAEL FULLER, PO BOX 1234, MONCKS CORNER, SC 29461
- Signed the 990
- MICHAEL FULLER, CEO
- Phone
- (843) 761-8200
- Website
- WWW.BEC.COOP
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
BERKELEY ELECTRIC COOPERATIVE IS COMMITTED TO PROVIDING SAFE, RELIABLE AND AFFORDABLE ENERGY, WHILE ENHANCING THE LIVES OF THOSE WE SERVE.
Program accomplishments
- TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SOUTH CAROLINA COUNTIES OF BERKELEY, CHARLESTON AND DORCHESTER COUNTIES AT A REASONABLE COST, CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.Expenses $594,885,803
- TO PROVIDE AFFORDABLE, SAFE AND RELIABLE ELECTRIC SERVICE TO OUR MEMBER OWNERS.
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
- 57-0123093
- 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)
- $791,195,308
- Income (IRS master file)
- $594,975,655
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $594,885,803 | $594,885,803 | $791,195,308 | XML |
| 990 | December 2024 | $488,190,361 | $488,190,361 | $766,173,909 | IRS |
| 990 | December 2023 | $437,149,733 | $437,149,733 | $706,474,043 | XML |
| 990 | December 2022 | $408,085,738 | $403,272,407 | $676,271,341 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 57-0123093).
Questions about BERKELEY ELECTRIC COOPERATIVE INC
- What is the EIN of BERKELEY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of BERKELEY ELECTRIC COOPERATIVE INC is 57-0123093.
- Is BERKELEY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to BERKELEY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BERKELEY 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 BERKELEY ELECTRIC COOPERATIVE INC 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 BERKELEY ELECTRIC COOPERATIVE INC 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 BERKELEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names MICHAEL FULLER.
- Who are the officers and directors of BERKELEY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $567,840 (MICHAEL FULLER, CEO).
- How much revenue does BERKELEY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $594,885,803, expenses of $594,885,803 and total assets of $791,195,308 at year end.
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