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Nonprofit · EIN 57-0125510

BLUE RIDGE ELECTRIC COOPERATIVE

Tax-exempt · PICKENS, SC 29671

Financials

$178.7M$190.2M2023$208M$208M2024
Revenue Expenses · by fiscal year end
Financials of BLUE RIDGE ELECTRIC COOPERATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$208,026,506$208,026,506$0$580,061,882$491,191,575$88,870,307
December 31, 2023990$178,719,621$190,220,058-$11,500,437$521,171,594$445,319,342$75,852,252
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$207,710,853
Investment income
$185,271
Other revenue
$130,382

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$13,016,641
Compensation of officers, directors and key employees
$1,055,333
Salaries, compensation and benefits (total)
$1,055,333
Professional fundraising fees
$0
Depreciation
$18,831,889

Balance sheet and other

Total assets, start of year
$521,171,594
Total assets, end of year
$580,061,882
Total liabilities, end of year
$491,191,575
Net assets, end of year
$88,870,307
Land, buildings and equipment
$502,936,132
Gross receipts
$208,026,506
Employees
214
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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JAMES LOVINGGOODPRESIDENT &
Officer
50$544,305$111,061
DAVID COLLINSVP FINANCE
Highest-paid employee
50$352,405$95,184
ZACH HINTONVP OF BROADB
Highest-paid employee
50$324,083$88,769
DENISE MCCORMICKVP MEMBER SE
Highest-paid employee
50$318,994$87,477
MARK WATERSVP ENGINEERI
Highest-paid employee
50$307,542$89,685
TERREL BALLENGERVP OF COMMUN
Highest-paid employee
50$260,295$83,450
JIMMY LEE DODGENSTRUSTEE
Trustee or director
5$56,973$0
JOEL R DAVISTRUSTEE
Trustee or director
5$53,092$0
LEN TALLEYCHAIRMAN
Trustee or director, Officer
5$52,631$0
MENDEL STONEVICE CHAIRMA
Trustee or director, Officer
5$50,973$0
WILLIAM G ELRODTRUSTEE
Trustee or director
5$48,473$0
KENNETH SOUTHERLINTRUSTEE
Trustee or director
5$48,348$0
J SPENCER DALTONTRUSTEE
Trustee or director
5$42,794$0
WILLIAM ANDERSONTREASURER
Trustee or director, Officer
5$27,298$0
FRANKLIN M LOOPER JRSECRETARY
Trustee or director, Officer
5$19,385$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
JAMES LOVINGGOODPRESIDENT &
Officer
50$481,126$105,501
DAVID COLLINSVP FINANCE
Highest-paid employee
50$327,070$88,630
SAMUEL MCMILLANVP OPERATION
Highest-paid employee
50$321,755$86,909
DENISE MCCORMICKVP MEMBER SE
Highest-paid employee
50$296,709$80,748
ZACH HINTONVP OF BROADB
Highest-paid employee
50$269,639$77,157
MARK WATERSVP ENGINEERI
Highest-paid employee
50$254,253$81,217
JIMMY LEE DODGENSTRUSTEE
Trustee or director
5$55,913$0
JOEL R DAVISTRUSTEE
Trustee or director
5$53,940$0
LEN TALLEYVICE CHAIRMA
Trustee or director, Officer
5$52,369$0
KENNETH SOUTHERLINTRUSTEE
Trustee or director
5$52,085$0
MENDEL STONETREASURER
Trustee or director, Officer
5$51,913$0
J SPENCER DALTONCHAIRMAN
Trustee or director, Officer
5$51,470$0
WILLIAM G ELRODTRUSTEE
Trustee or director
5$48,613$0
WILLIAM ANDERSONTRUSTEE
Trustee or director
5$21,712$0
FRANKLIN M LOOPER JRSECRETARY
Trustee or director, Officer
5$18,663$0

Address and contacts

Address (IRS master file)
PO BOX 277, PICKENS, SC 29671-0277
Principal officer (990 for 2024)
JAMES LOVINGGOOD
Signed the 990
JAMES LOVINGGOOD, PRESIDENT & CEO
Phone
(864) 878-6326
Return prepared by
MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
57-0125510
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)
$580,061,882
Income (IRS master file)
$208,026,506

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$208,026,506$208,026,506$580,061,882XML
990December 2023$178,719,621$190,220,058$521,171,594XML
990December 2022$180,062,478$180,062,478$468,943,378IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 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 57-0125510).

Questions about BLUE RIDGE ELECTRIC COOPERATIVE

What is the EIN of BLUE RIDGE ELECTRIC COOPERATIVE?
The employer identification number (EIN) of BLUE RIDGE ELECTRIC COOPERATIVE is 57-0125510.
Is BLUE RIDGE ELECTRIC COOPERATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
Are donations to BLUE RIDGE ELECTRIC COOPERATIVE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BLUE RIDGE ELECTRIC COOPERATIVE 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 BLUE RIDGE ELECTRIC COOPERATIVE 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 BLUE RIDGE ELECTRIC COOPERATIVE 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 BLUE RIDGE ELECTRIC COOPERATIVE?
The 990 for the year ended December 31, 2024 names JAMES LOVINGGOOD.
Who are the officers and directors of BLUE RIDGE ELECTRIC COOPERATIVE?
The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $544,305 (JAMES LOVINGGOOD, PRESIDENT &).
How much revenue does BLUE RIDGE ELECTRIC COOPERATIVE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $208,026,506, expenses of $208,026,506 and total assets of $580,061,882 at year end.

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