Nonprofit · EIN 57-0216285
NEWBERRY ELECTRIC COOPERATIVE INC
Tax-exempt · NEWBERRY, SC 29108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $58,676,656 | $58,649,684 | $26,972 | $121,049,238 | $89,732,122 | $31,317,116 |
| December 31, 2024 | 990 | $53,742,395 | $53,742,395 | $0 | $112,606,084 | $83,301,701 | $29,304,383 |
| December 31, 2023 | 990 | $48,559,358 | $48,559,358 | $0 | $100,587,926 | $72,897,950 | $27,689,976 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $58,549,176
- Investment income
- $77,841
- Other revenue
- $49,639
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $768,400
- Compensation of officers, directors and key employees
- $757,251
- Salaries, compensation and benefits (total)
- $757,251
- Professional fundraising fees
- $0
- Depreciation
- $3,764,908
Balance sheet and other
- Total assets, start of year
- $112,606,084
- Total assets, end of year
- $121,049,238
- Total liabilities, end of year
- $89,732,122
- Net assets, end of year
- $31,317,116
- Land, buildings and equipment
- $99,392,007
- Gross unrelated business income
- $49,639
- Gross receipts
- $58,676,656
- Employees
- 48
- 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 |
|---|---|---|---|---|
| GEORGE KEITH AVERY | PRESIDENT AN Officer | 50 | $330,018 | $120,045 |
| KEVIN SHULL | VP-ENGINEERI Highest-paid employee | 50 | $178,493 | $72,034 |
| ARTHUR GUY | VP-FINANCE, Highest-paid employee | 50 | $170,351 | $68,414 |
| LEANN HUTTO | VP-HUMAN RES Highest-paid employee | 50 | $129,385 | $58,569 |
| STEPHANIE SULLIVAN | VP-OPERATION Highest-paid employee | 50 | $124,875 | $57,027 |
| ROBERT SHEALY | VP-OPERATION Highest-paid employee | 50 | $120,631 | $55,088 |
| J CRAIG KESLER | DIRECTOR Trustee or director | 2.5 | $44,211 | $0 |
| MELANIE B HAWKINS | DIRECTOR Trustee or director | 5 | $39,461 | $0 |
| JOHNNIE L DICKERT | CHAIRMAN Trustee or director, Officer | 5 | $37,054 | $0 |
| BARBARA C BISHOP | DIRECTOR Trustee or director | 5 | $35,281 | $0 |
| DOUGLAS E HIPP | DIRECTOR Trustee or director | 5 | $32,316 | $0 |
| JOHN WAYNE NICHOLS | SECRETARY/TR Trustee or director, Officer | 6.25 | $32,270 | $0 |
| BLAKE BRIGMAN | DIRECTOR Trustee or director | 2.5 | $30,911 | $0 |
| WILLIAM B LOMINICK SR | VICE CHAIRMA Trustee or director, Officer | 5 | $28,802 | $0 |
| LEON FULMER JR | DIRECTOR Trustee or director | 5 | $26,882 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GEORGE KEITH AVERY | PRESIDENT AN Officer | 50 | $345,909 | $124,921 |
| KEVIN SHULL | VP-ENGINEERI Highest-paid employee | 50 | $197,098 | $76,935 |
| ARTHUR GUY | CFO Highest-paid employee | 50 | $173,903 | $74,230 |
| LEANN HUTTO | VP-HUMAN RES Highest-paid employee | 50 | $146,934 | $61,620 |
| STEPHANIE SULLIVAN | VP-OPERATIOS Highest-paid employee | 50 | $132,914 | $65,771 |
| ROBERT SHEALY | VP-OPERATION Highest-paid employee | 50 | $126,767 | $66,946 |
| JOHNNIE L DICKERT | CHAIRMAN Trustee or director, Officer | 20 | $44,055 | $0 |
| J CRAIG KESLER | DIRECTOR Trustee or director | 30 | $42,747 | $0 |
| BARBARA C BISHOP | DIRECTOR Trustee or director | 4 | $38,566 | $0 |
| MELANIE B HAWKINS | DIRECTOR Trustee or director | 30 | $38,472 | $0 |
| JOHN WAYNE NICHOLS | SECRETARY/TR Trustee or director, Officer | 30 | $36,954 | $0 |
| DOUGLAS E HIPP | DIRECTOR Trustee or director | 8 | $35,134 | $0 |
| BLAKE BRIGMAN | DIRECTOR Trustee or director | 8 | $29,922 | $0 |
| WILLIAM B LOMINICK SR | VICE CHAIRMA Trustee or director, Officer | 35 | $27,847 | $0 |
| LEON FULMER JR | DIRECTOR Trustee or director | 8 | $27,104 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GEORGE KEITH AVERY | PRESIDENT AN Officer | 50 | $285,161 | $120,553 |
| KEVIN SHULL | VP- ENGINEER Highest-paid employee | 50 | $157,069 | $69,206 |
| ARTHUR GUY | CFO Highest-paid employee | 50 | $157,500 | $67,636 |
| LEANN HUTTO | VP- HUMAN RE Highest-paid employee | 50 | $117,068 | $55,145 |
| ROBERT SHEALY | VP- OPERATIO Highest-paid employee | 50 | $111,588 | $60,192 |
| DEBRA SHAW | VP OF PUBLIC Highest-paid employee | 50 | $118,034 | $53,179 |
| JOHNNIE L DICKERT | CHAIRMAN Trustee or director, Officer | 20 | $41,389 | $0 |
| MELANIE B HAWKINS | DIRECTOR Trustee or director | 30 | $39,821 | $0 |
| DOUGLAS E HIPP | DIRECTOR Trustee or director | 8 | $35,639 | $0 |
| J CRAIG KESLER | DIRECTOR Trustee or director | 30 | $35,546 | $0 |
| JOHN WAYNE NICHOLS | SECRETARY/TR Trustee or director, Officer | 30 | $35,229 | $0 |
| BLAKE BRIGMAN | DIRECTOR Trustee or director | 8 | $30,321 | $0 |
| WILLIAM B LOMINICK SR | VICE CHAIRMA Trustee or director, Officer | 35 | $28,038 | $0 |
| LEON FULMER JR | DIRECTOR Trustee or director | 8 | $26,031 | $0 |
| BARBARA C BISHOP | DIRECTOR Trustee or director | 4 | $19,010 | $0 |
| CHARLES J BISHOP | DIRECTOR Trustee or director | 4 | $7,282 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 477, NEWBERRY, SC 29108-0477
- Principal officer (990 for 2025)
- GEORGE KEITH AVERY, PO BOX 477, NEWBERRY, SC 29108
- Signed the 990
- GEORGE KEITH AVERY, PRESIDENT AND CEO
- Phone
- (803) 276-1121
- Website
- WWW.NEC.COOP
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
TO PROVIDE THE BEST ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT THE LOWEST PRICE CONSISTENT WITH HIGHEST STANDARDS OF SERVICE.
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
- 57-0216285
- 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)
- $121,049,238
- Income (IRS master file)
- $58,676,656
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $58,676,656 | $58,649,684 | $121,049,238 | IRS |
| 990 | December 2024 | $53,742,395 | $53,742,395 | $112,606,084 | IRS |
| 990 | December 2023 | $48,559,358 | $48,559,358 | $100,587,926 | XML |
| 990 | December 2022 | $45,705,196 | $45,705,196 | $94,155,817 | 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 57-0216285).
Questions about NEWBERRY ELECTRIC COOPERATIVE INC
- What is the EIN of NEWBERRY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of NEWBERRY ELECTRIC COOPERATIVE INC is 57-0216285.
- Is NEWBERRY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to NEWBERRY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEWBERRY 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 NEWBERRY 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 NEWBERRY 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 NEWBERRY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names GEORGE KEITH AVERY.
- Who are the officers and directors of NEWBERRY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $330,018 (GEORGE KEITH AVERY, PRESIDENT AN).
- How much revenue does NEWBERRY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $58,676,656, expenses of $58,649,684 and total assets of $121,049,238 at year end.
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