Nonprofit · EIN 57-0124487
BLACK RIVER ELECTRIC COOPERATIVE INC
Tax-exempt · SUMTER, SC 29151
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $105,849,755 | $105,363,364 | $486,391 | $140,831,595 | $34,241,424 | $106,590,171 |
| December 31, 2024 | 990 | $91,445,577 | $90,883,829 | $561,748 | $133,206,928 | $33,554,711 | $99,652,217 |
| December 31, 2023 | 990 | $84,028,518 | $83,588,926 | $439,592 | $117,310,262 | $23,059,580 | $94,250,682 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $105,211,414
- Investment income
- $499,828
- Other revenue
- $138,513
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $10,149,471
- Compensation of officers, directors and key employees
- $581,423
- Salaries, compensation and benefits (total)
- $581,423
- Professional fundraising fees
- $0
- Depreciation
- $5,980,166
Balance sheet and other
- Total assets, start of year
- $133,206,928
- Total assets, end of year
- $140,831,595
- Total liabilities, end of year
- $34,241,424
- Net assets, end of year
- $106,590,171
- Land, buildings and equipment
- $100,052,523
- Gross receipts
- $105,849,755
- Employees
- 96
- Year formed
- 1939
- 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 | Other / benefits |
|---|---|---|---|---|
| KENNETH T CARTER | CEO Officer | 50 | $284,048 | $88,008 |
| SHAKEMA S WHITE | VP SUPPORT S Highest-paid employee | 50 | $145,733 | $58,497 |
| JAMES F MOYE | COO Highest-paid employee | 50 | $183,233 | $13,594 |
| MATTHEW COMPTON | ENGINEERING Highest-paid employee | 50 | $132,768 | $62,105 |
| TAIWAN T SIMMONS | CREW FOREMAN Highest-paid employee | 50 | $132,683 | $52,454 |
| LINSEY ROBINSON | CREW FOREMAN Highest-paid employee | 50 | $141,401 | $42,588 |
| CHARLES R ALLEN | CEO-EMERITUS Former | – | $129,281 | $0 |
| CAREN SCHWARTZ | VICE CHAIR-T Trustee or director, Officer | 12.5 | $28,683 | $0 |
| IVAN SANDERS | TRUSTEE Trustee or director | 10 | $26,433 | $0 |
| DWAYNE EDWARDS | TRUSTEE Trustee or director | 10 | $25,983 | $0 |
| THOMAS DURANT | SECRETARY-TR Trustee or director, Officer | 10 | $25,533 | $0 |
| MARY B SHERIDAN | CHAIR-TRUST Trustee or director, Officer | 10 | $25,533 | $0 |
| JULIAN DIXON JR | CHAPLAIN-TRU Trustee or director | 10 | $24,183 | $0 |
| RONALD FOUNTAIN | TRUSTEE Trustee or director | 10 | $24,003 | $0 |
| DAVID L TINDAL | TRUSTEE Trustee or director | 5 | $16,533 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR RONALD PRESTAGE | TRUSTEE Trustee or director | 5 | $12,483 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENNETH T CARTER | CEO Officer | 50 | $251,445 | $73,163 |
| JAMES F MOYE | COO Highest-paid employee | 50 | $178,015 | $24,479 |
| SHAKEMA S WHITE | VP SUPPORT S Highest-paid employee | 50 | $145,334 | $52,586 |
| TRACY GEDDINGS | OPS. SUPERIN Highest-paid employee | 50 | $134,246 | $62,791 |
| TAIWAN T SIMMONS | CREW FOREMAN Highest-paid employee | 50 | $129,372 | $48,869 |
| LINSEY ROBINSON | CREW FOREMAN Highest-paid employee | 50 | $136,856 | $41,070 |
| CHARLES R ALLEN | CEO-EMERITUS Former | – | $27,984 | $10,274 |
| CAREN SCHWARTZ | VICE CHAIR-T Trustee or director, Officer | 12.5 | $28,108 | $0 |
| MARY B SHERIDAN | CHAIR-TRUST Trustee or director, Officer | 10 | $24,958 | $0 |
| IVAN SANDERS | TRUSTEE Trustee or director | 10 | $23,158 | $0 |
| JULIAN DIXON JR | CHAPLAIN-TRU Trustee or director | 10 | $22,258 | $0 |
| RONALD FOUNTAIN | TRUSTEE Trustee or director | 10 | $20,736 | $0 |
| THOMAS DURANT | SECRETARY-TR Trustee or director, Officer | 10 | $20,458 | $0 |
| DAVID L TINDAL | TRUSTEE Trustee or director | 5 | $17,308 | $0 |
| DR RONALD PRESTAGE | TRUSTEE Trustee or director | 5 | $12,358 | $0 |
| DWAYNE EDWARDS | TRUSTEE Trustee or director | 5 | $11,206 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLES R ALLEN | CEO (THROUGH Officer | 50 | $267,006 | $140,995 |
| BETTY J WELSH | VP FINANCE & Key employee | 50 | $184,129 | $13,213 |
| JAMES F MOYE | VP ENGINEERI Highest-paid employee | 50 | $151,320 | $23,242 |
| LINSEY ROBINSON | CREW FOREMAN Highest-paid employee | 50 | $128,674 | $39,726 |
| SHAKEMA S WHITE | VP SUPPORT S Highest-paid employee | 50 | $121,215 | $46,478 |
| BRENDA P CHASE | PUBLIC RELAT Highest-paid employee | 50 | $123,090 | $44,342 |
| KENNETH T CARTER | CEO Officer | 50 | $49,222 | $17,632 |
| MARY B SHERIDAN | CHAIR-TRUST Trustee or director, Officer | 10 | $30,779 | $0 |
| CAREN SCHWARTZ | SECRETARY -T Trustee or director, Officer | 10 | $29,879 | $0 |
| THOMAS DURANT | TRUSTEE Trustee or director | 10 | $28,529 | $0 |
| IVAN SANDERS | TRUSTEE Trustee or director | 10 | $27,179 | $0 |
| RONALD FOUNTAIN | TRUSTEE Trustee or director | 10 | $27,015 | $0 |
| JULIAN DIXON JR | CHAPLAIN-TRU Trustee or director | 10 | $24,929 | $0 |
| DAVID L TINDAL | TRUSTEE Trustee or director | 5 | $22,229 | $0 |
| DR RONALD PRESTAGE | TRUSTEE Trustee or director | 5 | $13,229 | $0 |
| GEORGE R GIBSON | VICE CHAIR.- Trustee or director, Officer | 12.5 | $8,031 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 130, SUMTER, SC 29151-0130
- Principal officer (990 for 2025)
- KENNETH T CARTER, PO BOX 130, SUMTER, SC 291510130
- Signed the 990
- KENNETH T CARTER, CEO
- Phone
- (803) 469-8060
- Website
- WWW.BLACKRIVER.COOP
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
TO PROVIDE RURAL AND URBAN AREAS WITHIN THE COOPERATIVES'S ASSIGNED SERVICE TERRITORY WITH RELIABLE, AFFORDABLE ELECTRICITY WHILE ALSO PROVIDING MEMBERS WITH EXCELLENT CUSTOMER SERVICE.
Program accomplishments
- TO PROVIDE RURAL AND URBAN AREAS WITHIN THE COOPERATIVE'S ASSIGNED SERVICE TERRITORY WITH RELIABLE AND AFFORDABLE ELECTRICITY WHILE ALSO PROVIDING ITS MEMBERS WITH EXCELLENT CUSTOMER SERVICE.
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
- 57-0124487
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $140,831,595
- Income (IRS master file)
- $105,849,755
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $105,849,755 | $105,363,364 | $140,831,595 | IRS |
| 990 | December 2024 | $91,445,577 | $90,883,829 | $133,206,928 | IRS |
| 990 | December 2023 | $84,028,518 | $83,588,926 | $117,310,262 | XML |
| 990 | December 2022 | $81,509,499 | $81,063,934 | $117,414,050 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 57-0124487).
Questions about BLACK RIVER ELECTRIC COOPERATIVE INC
- What is the EIN of BLACK RIVER ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of BLACK RIVER ELECTRIC COOPERATIVE INC is 57-0124487.
- Is BLACK RIVER ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to BLACK RIVER ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BLACK RIVER 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 BLACK RIVER 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 BLACK RIVER 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 BLACK RIVER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names KENNETH T CARTER.
- Who are the officers and directors of BLACK RIVER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $284,048 (KENNETH T CARTER, CEO).
- How much revenue does BLACK RIVER ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $105,849,755, expenses of $105,363,364 and total assets of $140,831,595 at year end.
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