Nonprofit · EIN 57-0158355
EDISTO ELECTRIC COOPERATIVE INC
Tax-exempt · BAMBERG, SC 29003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $69,615,546 | $69,615,546 | $0 | $253,987,794 | $209,213,185 | $44,774,609 |
| December 31, 2024 | 990 | $61,524,641 | $61,524,641 | $0 | $169,192,038 | $126,656,957 | $42,535,081 |
| December 31, 2023 | 990 | $56,517,224 | $56,517,224 | $0 | $117,150,452 | $76,193,092 | $40,957,360 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $66,808,719
- Investment income
- $2,806,827
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $3,669,402
- Compensation of officers, directors and key employees
- $838,787
- Salaries, compensation and benefits (total)
- $838,787
- Professional fundraising fees
- $0
- Depreciation
- $4,606,436
Balance sheet and other
- Total assets, start of year
- $169,192,038
- Total assets, end of year
- $253,987,794
- Total liabilities, end of year
- $209,213,185
- Net assets, end of year
- $44,774,609
- Land, buildings and equipment
- $119,157,348
- Gross receipts
- $69,615,546
- Employees
- 73
- 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 |
|---|---|---|---|---|
| DAVID E FELKEL | PRESIDENT & Officer | 50 | $363,558 | $167,986 |
| LAWRENCE C SMOAK III | VP OF OPERAT Highest-paid employee | 40 | $181,725 | $102,760 |
| ROBERT D BESSINGER | VP OF FINANC Highest-paid employee | 40 | $180,879 | $102,434 |
| DANIEL C EUBANKS | VP OF ENGINE Highest-paid employee | 40 | $177,045 | $101,113 |
| BRIAN C HEFNER | VP OF MEMBER Highest-paid employee | 40 | $160,408 | $91,890 |
| MICHAEL C KINARD | OPS. SUPERVI Highest-paid employee | 40 | $128,956 | $82,839 |
| JACK G VALLENTINE III | TRUSTEE Trustee or director | 2 | $47,255 | $0 |
| DOUGLAS A REEVES | CHAIRMAN Trustee or director, Officer | 4 | $42,833 | $0 |
| STANLEY M FUNCHESS | TRUSTEE Trustee or director | 2 | $42,609 | $0 |
| CHRISTOPHER P SANDIFER | TRUSTEE Trustee or director | 2 | $42,323 | $0 |
| MICHAEL T HOLLINGSWORTH | TRUSTEE Trustee or director | 2 | $42,171 | $0 |
| ERVIN M MATHIAS III | TRUSTEE Trustee or director | 2 | $41,709 | $0 |
| MARY F NIMMONS | TRUSTEE Trustee or director | 2 | $25,055 | $0 |
| R WAYNE WELCH | VICE CHAIRMA Trustee or director, Officer | 3 | $10,961 | $0 |
| TRAVIS OWENS BURBAGE | TRUSTEE Trustee or director | 2 | $6,689 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| F PICKENS WILLIAMS | SEC./TREASUR Trustee or director | 3 | $5,638 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID E FELKEL | PRESIDENT & Officer | 50 | $332,678 | $158,801 |
| LAWRENCE C SMOAK III | VP OF OPERAT Highest-paid employee | 40 | $179,324 | $99,058 |
| DANIEL C EUBANKS | VP OF ENGINE Highest-paid employee | 40 | $170,096 | $95,948 |
| ROBERT D BESSINGER | VP OF FINANC Highest-paid employee | 40 | $160,926 | $88,565 |
| BRIAN C HEFNER | VP OF MEMBER Highest-paid employee | 40 | $151,487 | $88,058 |
| MICHAEL C KINARD | OPS. SUPERVI Highest-paid employee | 40 | $126,379 | $79,570 |
| JACK G VALLENTINE III | TRUSTEE Trustee or director | 3 | $42,328 | $0 |
| CHRISTOPHER P SANDIFER | TRUSTEE Trustee or director | 2 | $38,595 | $0 |
| DOUGLAS A REEVES | CHAIRMAN Trustee or director, Officer | 4 | $38,210 | $0 |
| MICHAEL T HOLLINGSWORTH | TRUSTEE Trustee or director | 2 | $38,167 | $0 |
| ERVIN M MATHIAS III | TRUSTEE Trustee or director | 2 | $37,981 | $0 |
| STANLEY M FUNCHESS | TRUSTEE Trustee or director | 2 | $37,081 | $0 |
| MARY F NIMMONS | TRUSTEE Trustee or director | 2 | $25,310 | $0 |
| F PICKENS WILLIAMS | SEC./TREASUR Trustee or director | 3 | $9,774 | $0 |
| R WAYNE WELCH | VICE CHAIRMA Trustee or director, Officer | 3 | $9,430 | $0 |
| TRAVIS OWENS BURBAGE | TRUSTEE Trustee or director | 2 | $6,955 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID E FELKEL | PRESIDENT & Officer | 50 | $313,073 | $146,182 |
| RICHARD C STEPHENSON | VP OF FINANC Highest-paid employee | 40 | $167,034 | $93,160 |
| LAWRENCE C SMOAK III | VP OF OPERAT Highest-paid employee | 40 | $160,834 | $89,242 |
| DANIEL C EUBANKS | VP OF ENGINE Highest-paid employee | 40 | $152,253 | $86,495 |
| BRIAN C HEFNER | VP OF MEMBER Highest-paid employee | 40 | $135,967 | $80,416 |
| ROBERT D BESSINGER | VP OF HUMAN Highest-paid employee | 40 | $131,717 | $79,670 |
| JACK G VALLENTINE III | TRUSTEE Trustee or director | 3 | $38,973 | $0 |
| MICHAEL T HOLLINGSWORTH | TRUSTEE Trustee or director | 2 | $36,596 | $0 |
| F PICKENS WILLIAMS | SEC./TREASUR Trustee or director | 3 | $35,549 | $0 |
| CHRISTOPHER P SANDIFER | TRUSTEE Trustee or director | 2 | $35,543 | $0 |
| STANLEY M FUNCHESS | TRUSTEE Trustee or director | 2 | $34,329 | $0 |
| ERVIN M MATHIAS III | TRUSTEE Trustee or director | 2 | $34,329 | $0 |
| DOUGLAS A REEVES | CHAIRMAN Trustee or director, Officer | 4 | $33,937 | $0 |
| MARY F NIMMONS | TRUSTEE Trustee or director | 2 | $20,395 | $0 |
| R WAYNE WELCH | VICE CHAIRMA Trustee or director, Officer | 3 | $7,358 | $0 |
| TRAVIS OWENS BURBAGE | TRUSTEE Trustee or director | 2 | $5,494 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 547, BAMBERG, SC 29003-0547
- In care of
- % DANIEL BESSINGER
- Principal officer (990 for 2025)
- DAVID E FELKEL, PO BOX 547, BAMBERG, SC 29003
- Signed the 990
- DAVID E FELKEL, PRESIDENT & CEO
- Phone
- (803) 245-5141
- 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.
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 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
- 57-0158355
- 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
- Category (NTEE)
- Public and societal benefit (W80)
- Assets (IRS master file)
- $253,987,794
- Income (IRS master file)
- $69,615,546
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $69,615,546 | $69,615,546 | $253,987,794 | XML |
| 990 | December 2024 | $61,524,641 | $61,524,641 | $169,192,038 | IRS |
| 990 | December 2023 | $56,517,224 | $56,517,224 | $117,150,452 | XML |
| 990 | December 2022 | $54,032,743 | $54,032,743 | $118,264,291 | 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 57-0158355).
Questions about EDISTO ELECTRIC COOPERATIVE INC
- What is the EIN of EDISTO ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of EDISTO ELECTRIC COOPERATIVE INC is 57-0158355.
- Is EDISTO ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to EDISTO ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EDISTO 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 EDISTO 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 EDISTO 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 EDISTO ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names DAVID E FELKEL.
- Who are the officers and directors of EDISTO ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $363,558 (DAVID E FELKEL, PRESIDENT &).
- How much revenue does EDISTO ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $69,615,546, expenses of $69,615,546 and total assets of $253,987,794 at year end.
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