Nonprofit · EIN 57-0210417
MID-CAROLINA ELECTRIC COOPERATIVE INC
Tax-exempt · LEXINGTON, SC 29071
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $179,489,833 | $179,489,833 | $0 | $419,296,025 | $322,219,162 | $97,076,863 |
| December 31, 2024 | 990 | $157,771,134 | $157,771,134 | $0 | $403,878,706 | $312,771,753 | $91,106,953 |
| December 31, 2023 | 990 | $144,829,639 | $144,829,639 | $0 | $368,946,763 | $283,325,577 | $85,621,186 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $179,333,572
- Investment income
- $156,261
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $10,209,367
- Compensation of officers, directors and key employees
- $907,619
- Salaries, compensation and benefits (total)
- $907,619
- Professional fundraising fees
- $0
- Depreciation
- $11,907,958
Balance sheet and other
- Total assets, start of year
- $403,878,706
- Total assets, end of year
- $419,296,025
- Total liabilities, end of year
- $322,219,162
- Net assets, end of year
- $97,076,863
- Land, buildings and equipment
- $350,938,039
- Gross receipts
- $179,489,833
- Employees
- 172
- 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 | Other / benefits |
|---|---|---|---|---|
| B ROBERT PAULLING | PRESIDENT & Officer | 50 | $498,253 | $200,298 |
| THERESA CREPES | CFO Highest-paid employee | 50 | $295,472 | $145,711 |
| TROY SIMPSON | VP - MEMBER Highest-paid employee | 50 | $232,372 | $145,531 |
| BOBBY WILBUR | VP - OPERATI Highest-paid employee | 50 | $229,542 | $142,194 |
| STEVE DAVIDSON | VP- INFORMAT Highest-paid employee | 50 | $198,906 | $129,878 |
| LEE AYERS | VP - ENGINEE Highest-paid employee | 50 | $281,106 | $43,645 |
| DONETTE KIRKLAND | SECRETARY Trustee or director, Officer | 5.08 | $32,413 | $0 |
| MARVIN SOX | CHAIRMAN Trustee or director, Officer | 3.46 | $26,829 | $0 |
| EDDIE BEST | TRUSTEE Trustee or director | 3.31 | $24,330 | $0 |
| ALAN LUNSFORD | VICE CHAIRMA Trustee or director, Officer | 3.92 | $24,056 | $0 |
| MARK SVRCEK | TRUSTEE Trustee or director | 2.69 | $22,326 | $0 |
| CAREY BEDENBAUGH | TRUSTEE Trustee or director | 3.24 | $20,931 | $0 |
| KENNETH LINDLER | TRUSTEE Trustee or director | 3.65 | $20,189 | $0 |
| J ALLAN RISINGER | TREASURER Trustee or director, Officer | 4.04 | $19,665 | $0 |
| JUSTIN WATTS | TRUSTEE Trustee or director | 3.38 | $18,329 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| B ROBERT PAULLING | PRESIDENT & Officer | 50 | $446,056 | $185,717 |
| THERESA CREPES | CFO Highest-paid employee | 50 | $283,142 | $137,349 |
| TROY SIMPSON | VP - MEMBER Highest-paid employee | 50 | $254,533 | $137,859 |
| BOBBY WILBUR | VP - OPERATI Highest-paid employee | 50 | $226,466 | $134,317 |
| LEE AYERS | VP - ENGINEE Highest-paid employee | 50 | $281,122 | $42,635 |
| STEVE DAVIDSON | VP- INFORMAT Highest-paid employee | 50 | $188,673 | $117,748 |
| JUSTIN WATTS | TRUSTEE Trustee or director | 2.85 | $38,563 | $0 |
| DONETTE KIRKLAND | SECRETARY Trustee or director, Officer | 4.47 | $31,485 | $0 |
| MARVIN SOX | CHAIRMAN Trustee or director, Officer | 4.22 | $26,824 | $0 |
| CAREY BEDENBAUGH | TRUSTEE Trustee or director | 3.46 | $14,756 | $0 |
| ALAN LUNSFORD | VICE CHAIRMA Trustee or director, Officer | 3.52 | $14,669 | $0 |
| EDDIE BEST | TRUSTEE Trustee or director | 2.54 | $13,669 | $0 |
| J ALLAN RISINGER | TREASURER Trustee or director, Officer | 3.66 | $13,169 | $0 |
| MARK SVRCEK | TRUSTEE Trustee or director | 2.55 | $10,519 | $0 |
| CLIFFORD SHEALY | TRUSTEE-RET. Trustee or director | 2.57 | $10,193 | $0 |
| KENNETH LINDLER | TRUSTEE Trustee or director | 2.11 | $8,669 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| B ROBERT PAULLING | PRESIDENT & Officer | 50 | $537,306 | $199,685 |
| THERESA CREPES | CFO Highest-paid employee | 50 | $258,468 | $129,733 |
| TROY SIMPSON | VP - MEMBER Highest-paid employee | 50 | $206,925 | $130,193 |
| BOBBY WILBUR | VP - OPERATI Highest-paid employee | 50 | $201,909 | $127,719 |
| STEVE DAVIDSON | VP- INFORMAT Highest-paid employee | 50 | $168,332 | $112,873 |
| LEE AYERS | VP - ENGINEE Highest-paid employee | 50 | $237,415 | $41,286 |
| JUSTIN WATTS | TRUSTEE Trustee or director | 2.94 | $39,807 | $0 |
| DONETTE KIRKLAND | SECRETARY Trustee or director | 4.24 | $32,983 | $0 |
| MARVIN SOX | CHAIRMAN Trustee or director, Officer | 4.63 | $28,230 | $0 |
| CLIFFORD SHEALY | VICE CHAIRMA Trustee or director, Officer | 4.02 | $23,905 | $0 |
| KENNETH LINDLER | TRUSTEE Trustee or director | 5.02 | $20,147 | $0 |
| ALAN LUNSFORD | TRUSTEE Trustee or director | 4.53 | $17,147 | $0 |
| CAREY BEDENBAUGH | TRUSTEE Trustee or director | 3.51 | $16,734 | $0 |
| J ALLAN RISINGER | TREASURER Trustee or director, Officer | 4.16 | $14,647 | $0 |
| EDDIE BEST | TRUSTEE Trustee or director | 3 | $13,647 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 669, LEXINGTON, SC 29071-0669
- In care of
- MID-CAROLINA ELECTRIC COOPERATIVE
- Principal officer (990 for 2025)
- B ROBERT PAULLING, PO BOX 669, LEXINGTON, SC 29071
- Signed the 990
- B ROBERT PAULLING, PRESIDENT & CEO
- Phone
- (803) 749-6468
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
WE DELIVER RELIABLE, COST EFFICIENT UTILITIES AND INNOVATIVE SOLUTIONS TO OUR MEMBERS.
Program accomplishments
- N/A
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
- 57-0210417
- 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)
- $419,296,025
- Income (IRS master file)
- $179,489,833
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $179,489,833 | $179,489,833 | $419,296,025 | XML |
| 990 | December 2024 | $157,771,134 | $157,771,134 | $403,878,706 | XML |
| 990 | December 2023 | $144,829,639 | $144,829,639 | $368,946,763 | XML |
| 990 | December 2022 | $148,136,586 | $148,136,586 | $329,734,139 | 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 57-0210417).
Questions about MID-CAROLINA ELECTRIC COOPERATIVE INC
- What is the EIN of MID-CAROLINA ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of MID-CAROLINA ELECTRIC COOPERATIVE INC is 57-0210417.
- Is MID-CAROLINA ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to MID-CAROLINA ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MID-CAROLINA 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 MID-CAROLINA 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 MID-CAROLINA 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 MID-CAROLINA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names B ROBERT PAULLING.
- Who are the officers and directors of MID-CAROLINA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $498,253 (B ROBERT PAULLING, PRESIDENT &).
- How much revenue does MID-CAROLINA ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $179,489,833, expenses of $179,489,833 and total assets of $419,296,025 at year end.
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