Nonprofit · EIN 57-0161235
FAIRFIELD ELECTRIC COOPERATIVE INC
Tax-exempt · BLYTHEWOOD, SC 29016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $99,865,183 | $99,851,700 | $13,483 | $154,307,020 | $97,603,061 | $56,703,959 |
| December 31, 2024 | 990 | $87,876,216 | $86,333,938 | $1,542,278 | $148,506,470 | $93,539,566 | $54,966,904 |
| December 31, 2023 | 990 | $83,149,712 | $81,436,020 | $1,713,692 | $146,272,088 | $91,935,780 | $54,336,308 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $99,814,978
- Investment income
- $50,205
- Net gain from sales of assets
- $7,400
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $4,343,800
- Compensation of officers, directors and key employees
- $554,039
- Salaries, compensation and benefits (total)
- $554,039
- Professional fundraising fees
- $0
- Occupancy
- $339,367
- Depreciation
- $6,848,204
Balance sheet and other
- Total assets, start of year
- $148,506,470
- Total assets, end of year
- $154,307,020
- Total liabilities, end of year
- $97,603,061
- Net assets, end of year
- $56,703,959
- Land, buildings and equipment
- $127,942,511
- Gross receipts
- $105,646,412
- Employees
- 78
- Volunteers
- 0
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE G BACON | CEO Officer | 45 | $261,086 | $23,468 | $123,502 |
| THOMAS S BLACK | VP OF ENGINEERING Highest-paid employee | 45 | $207,397 | $0 | $102,582 |
| MARVIN M PRICE | VP OF INFORMATION TECHNOLO Highest-paid employee | 45 | $174,139 | $0 | $87,759 |
| ERIK A MARSHA | VP OF FINANCE Highest-paid employee | 45 | $175,656 | $0 | $79,325 |
| BRANDON M BOONE | VP OF OPERATIONS Highest-paid employee | 45 | $162,514 | $0 | $87,341 |
| DOUGLAS M PAYNE | VP OF MEMBER SERVICES Highest-paid employee | 45 | $163,768 | $0 | $72,559 |
| MITCHELL D RABON | PRESIDENT Trustee or director, Officer | 7 | $44,778 | $9,685 | $0 |
| ROBERT ENTZMINGER | TRUSTEE Trustee or director | 7 | $47,572 | $0 | $0 |
| ROBERT KENNETH MILES | SECRETARY Trustee or director, Officer | 7 | $42,082 | $0 | $0 |
| RONALD FRIDAY | TRUSTEE Trustee or director | 7 | $27,650 | $0 | $0 |
| PEGGY D SWEARINGEN | TRUSTEE Trustee or director | 7 | $23,529 | $0 | $0 |
| DERIAL L OGBURN | TRUSTEE Trustee or director | 7 | $23,100 | $0 | $0 |
| CYNTHIA ABLE | TRUSTEE Trustee or director | 7 | $22,450 | $0 | $0 |
| WILLIAM M GOOD | TRUSTEE Trustee or director | 7 | $21,782 | $0 | $0 |
| TIMOTHY L HOPKINS | VICE PRESIDENT Trustee or director, Officer | 7 | $17,150 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRUCE E HONEYCUTT | TREASURER Trustee or director, Officer | 7 | $14,050 |
| KEITH LEWIS | TRUSTEE Trustee or director | 7 | $8,810 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE G BACON | CEO Officer | 45 | $262,216 | $14,900 | $146,542 |
| THOMAS S BLACK | VP OF ENGINEERING Highest-paid employee | 45 | $205,242 | $0 | $115,421 |
| ERIK A MARSHA | VP OF FINANCE Highest-paid employee | 45 | $173,453 | $0 | $93,760 |
| MARVIN M PRICE | VP OF INFORMATION TECHNOLOGY Highest-paid employee | 45 | $165,318 | $0 | $96,823 |
| BRANDON M BOONE | VP OF OPERATIONS Highest-paid employee | 45 | $157,341 | $0 | $99,882 |
| DOUGLAS M PAYNE | VP OF MEMBER SERVICES Highest-paid employee | 45 | $157,183 | $0 | $81,768 |
| MITCHELL D RABON | PRESIDENT Trustee or director, Officer | 7 | $40,059 | $10,430 | $0 |
| ROBERT ENTZMINGER | VICE PRESIDENT Trustee or director, Officer | 7 | $43,552 | $0 | $0 |
| ROBERT KENNETH MILES | SECRETARY Trustee or director, Officer | 7 | $33,864 | $0 | $0 |
| DERIAL L OGBURN | TRUSTEE Trustee or director | 7 | $24,000 | $0 | $0 |
| PEGGY D SWEARINGEN | TRUSTEE Trustee or director | 7 | $21,675 | $0 | $0 |
| WILLIAM M GOOD | TRUSTEE Trustee or director | 7 | $21,352 | $0 | $0 |
| CYNTHIA ABLE | TRUSTEE Trustee or director | 7 | $18,300 | $0 | $0 |
| TIMOTHY L HOPKINS | TRUSTEE Trustee or director | 7 | $13,700 | $0 | $0 |
| RONALD FRIDAY | TRUSTEE Trustee or director | 7 | $13,400 | $0 | $0 |
| BRUCE E HONEYCUTT | TREASURER Trustee or director, Officer | 7 | $12,600 | $0 | $0 |
| KEITH LEWIS | TRUSTEE Trustee or director | 7 | $9,305 | $0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRUCE G BACON | CEO Officer | 45 | $257,058 | $19,852 | $140,281 |
| THOMAS S BLACK | VP OF ENGINEERING Highest-paid employee | 45 | $190,379 | $0 | $113,803 |
| MARVIN M PRICE | VP OF INFORMATION TECHNOLOGY Highest-paid employee | 45 | $154,014 | $0 | $90,668 |
| BRANDON M BOONE | VP OF OPERATIONS Highest-paid employee | 45 | $147,859 | $0 | $86,552 |
| DOUGLAS M PAYNE | VP OF MEMBER SERVICES Highest-paid employee | 45 | $146,248 | $0 | $77,045 |
| ERIK A MARSHA | VP OF FINANCE Highest-paid employee | 45 | $138,370 | $0 | $69,158 |
| MITCHELL D RABON | PRESIDENT Trustee or director, Officer | 7 | $33,003 | $12,762 | $0 |
| ROBERT ENTZMINGER | VICE PRESIDENT Trustee or director, Officer | 7 | $36,794 | $0 | $0 |
| ROBERT KENNETH MILES | SECRETARY Trustee or director, Officer | 7 | $28,710 | $0 | $0 |
| DERIAL L OGBURN | TRUSTEE Trustee or director | 7 | $25,300 | $0 | $0 |
| WILLIAM M GOOD | TRUSTEE Trustee or director | 7 | $23,350 | $0 | $0 |
| PEGGY D SWEARINGEN | TRUSTEE Trustee or director | 7 | $19,668 | $0 | $0 |
| CYNTHIA ABLE | TRUSTEE Trustee or director | 7 | $16,000 | $0 | $0 |
| BRUCE E HONEYCUTT | TRUSTEE Trustee or director | 7 | $14,700 | $0 | $0 |
| TIMOTHY L HOPKINS | TRUSTEE Trustee or director | 7 | $14,200 | $0 | $0 |
| JOHN E ROBERTS III | TREASURER Trustee or director, Officer | 7 | $9,948 | $0 | $0 |
| KEITH LEWIS | TRUSTEE Trustee or director | 7 | $8,098 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 701 BLYTHEWOOD RD, BLYTHEWOOD, SC 29016-9514
- In care of
- % BRUCE G BACON
- Principal officer (990 for 2025)
- BRUCE G BACON, PO BOX 2500, BLYTHEWOOD, SC 29016
- Signed the 990
- BRUCE G BACON, CEO
- Phone
- (803) 754-0153
- Website
- WWW.FAIRFIELD.COOP
- Return prepared by
- ELLIOTT DAVIS ADVISORY LLC
Mission
TO SERVE OUR MEMBERS AND OUR COMMUNITY BY PROVIDING SAFE, RELIABLE, AND INNOVATIVE ENERGY SERVICES.
Program accomplishments
- THE COOPERATIVE PROVIDED ENERGY SERVICES TO MORE THAN 28,000 MEMBERS ON A COOPERATIVE BASIS IN FAIRFIELD, KERSHAW, RICHLAND, CHESTER AND YORK COUNTIES.
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
- 57-0161235
- 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)
- $154,307,020
- Income (IRS master file)
- $105,646,412
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $99,865,183 | $99,851,700 | $154,307,020 | IRS |
| 990 | December 2024 | $87,876,216 | $86,333,938 | $148,506,470 | IRS |
| 990 | December 2023 | $83,149,712 | $81,436,020 | $146,272,088 | XML |
| 990 | December 2022 | $79,666,610 | $78,632,714 | $145,854,723 | 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 57-0161235).
Questions about FAIRFIELD ELECTRIC COOPERATIVE INC
- What is the EIN of FAIRFIELD ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of FAIRFIELD ELECTRIC COOPERATIVE INC is 57-0161235.
- Is FAIRFIELD ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to FAIRFIELD ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FAIRFIELD 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 FAIRFIELD 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 FAIRFIELD 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 FAIRFIELD ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names BRUCE G BACON.
- Who are the officers and directors of FAIRFIELD ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $261,086 (BRUCE G BACON, CEO).
- How much revenue does FAIRFIELD ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $99,865,183, expenses of $99,851,700 and total assets of $154,307,020 at year end.
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