Nonprofit · EIN 85-4014392
MPD ELECTRIC COOPERATIVE INC
Tax-exempt · FLORENCE, SC 29502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $214,898,728 | $210,570,727 | $4,328,001 | $401,909,826 | $231,644,195 | $170,265,631 |
| December 31, 2023 | 990 | $70,674,045 | $74,541,812 | -$3,867,767 | $372,979,249 | $229,066,383 | $143,912,866 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $208,557,950
- Investment income
- $1,442,093
- Other revenue
- $4,898,685
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $22,770,857
- Compensation of officers, directors and key employees
- $3,774,694
- Other salaries and wages
- $2,998,222
- Salaries, compensation and benefits (total)
- $6,772,916
- Professional fundraising fees
- $0
- Depreciation
- $12,527,584
Balance sheet and other
- Total assets, start of year
- $372,979,249
- Total assets, end of year
- $401,909,826
- Total liabilities, end of year
- $231,644,195
- Net assets, end of year
- $170,265,631
- Land, buildings and equipment
- $275,064,362
- Gross receipts
- $214,898,728
- Employees
- 121
- Year formed
- 2020
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM L FLEMING JR | PRESIDENT (C Officer | 40 | $633,203 | $194,145 |
| ROBERT B FLEMING JR | CHIEF OPERAT Highest-paid employee | 40 | $563,339 | $195,751 |
| PAUL CONWAY | VP BUSINESS Highest-paid employee | 40 | $535,744 | $170,496 |
| ANNIE CROWLEY | CFO Officer | 40 | $403,203 | $184,584 |
| JESSICA MASON | VP, ACCOUNTI Highest-paid employee | 40 | $389,280 | $175,915 |
| LORI A STUCKEY | CHIEF CONSUM Highest-paid employee | 40 | $357,091 | $164,669 |
| THOMAS H FREEMAN JR | SR VP ADMIN Highest-paid employee | – | $389,721 | $125,387 |
| DONALD JEFF QUICK | SECRETARY/TR Trustee or director, Officer | 2 | $44,205 | $0 |
| DAVID HOWELL | DIRECTOR Trustee or director | 2 | $43,994 | $0 |
| LEE C WHITE | DIRECTOR Trustee or director | 2 | $43,994 | $0 |
| SAM P MCINNIS JR | CHAIRMAN Trustee or director, Officer | 2 | $43,498 | $0 |
| JOHN ALFORD | DIRECTOR Trustee or director | 2 | $25,874 | $0 |
| MELVIN CARABO | DIRECTOR Trustee or director | 2 | $25,874 | $0 |
| EDGAR GORDON | DIRECTOR Trustee or director | 2 | $25,874 | $0 |
| ROBERT NORTON | DIRECTOR Trustee or director | 2 | $25,874 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| W RONALD QUICK | DIRECTOR Trustee or director | 2 | $25,874 |
| JANELLE SAULS | DIRECTOR Trustee or director | 2 | $25,874 |
| RICKY SMITH | DIRECTOR Trustee or director | 2 | $25,874 |
| PATRICK ANN TONEY | DIRECTOR Trustee or director | 2 | $25,874 |
| DON R TEAL | DIRECTOR Trustee or director | 2 | $25,756 |
| HAMER PARNELL | DIRECTOR Trustee or director | 2 | $25,677 |
| WILLIAM F BUSTER ROGERS | DIRECTOR Trustee or director | 2 | $25,677 |
| JAMES A GOODSON | VICE CHAIRMA Trustee or director, Officer | 2 | $25,661 |
| PRESTON GAINEY | DIRECTOR Trustee or director | 2 | $10,898 |
| F LASHON SELLERS | DIRECTOR Trustee or director | 2 | $6,761 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM L FLEMING JR | PRESIDENT (C Officer | 40 | $570,863 |
| PAUL CONWAY | OFFICER Highest-paid employee | 40 | $499,881 |
| ANNIE CROWLEY | CFO Officer | 40 | $383,663 |
| JEFFREY B SINGLETARY | OFFICER Highest-paid employee | 40 | $352,299 |
| LORI A STUCKEY | CHIEF CONSUM Highest-paid employee | 40 | $347,123 |
| JESSICA MASON | VP, ACCOUNTI Highest-paid employee | 40 | $345,595 |
| ROBERT B FLEMING | CHIEF OPERAT Highest-paid employee | 40 | $345,594 |
| SAM P MCINNIS JR | VICE CHAIRMA Trustee or director, Officer | 2 | $17,543 |
| DONALD JEFF QUICK | DIRECTOR Trustee or director | 2 | $16,941 |
| LEE C WHITE | DIRECTOR Trustee or director | 2 | $16,906 |
| DAVID HOWELL | DIRECTOR Trustee or director | 2 | $15,740 |
| JOHN ALFORD | DIRECTOR Trustee or director | 2 | $14,750 |
| MELVIN CARABO | DIRECTOR Trustee or director | 2 | $14,750 |
| PRESTON GAINEY | DIRECTOR Trustee or director | 2 | $14,750 |
| JAMES A GOODSON | CHAIRMAN Trustee or director, Officer | 2 | $14,750 |
| EDGAR GORDON | DIRECTOR Trustee or director | 2 | $14,750 |
| ROBERT NORTON | DIRECTOR Trustee or director | 2 | $14,750 |
| HAMER PARNELL | DIRECTOR Trustee or director | 2 | $14,750 |
| W RONALD QUICK | DIRECTOR Trustee or director | 2 | $14,750 |
| WILLIAM F BUSTER ROGERS | DIRECTOR Trustee or director | 2 | $14,750 |
| JANELLE SAULS | DIRECTOR Trustee or director | 2 | $14,750 |
| F LASHON SELLERS | DIRECTOR Trustee or director | 2 | $14,750 |
| RICKY SMITH | DIRECTOR Trustee or director | 2 | $14,750 |
| DON R TEAL | DIRECTOR Trustee or director | 2 | $14,750 |
| PATRICK ANN TONEY | SECRETARY/TR Trustee or director, Officer | 2 | $14,750 |
| JAMIE T GRANT | DIRECTOR Trustee or director | 2 | $7,350 |
Address and contacts
- Address (IRS master file)
- PO BOX 100561, FLORENCE, SC 29502-0561
- In care of
- % KIMBERLY FOWLER
- Principal officer (990 for 2024)
- WILLIAM L FLEMING JR, PO BOX 100561, FLORENCE, SC 29502
- Signed the 990
- WILLIAM L FLEMING JR, PRESIDENT (CEO)
- Phone
- (843) 479-3855
- Website
- MPD.COOP
- 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.Expenses $210,570,727
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 | Not 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
- 85-4014392
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80)
- Assets (IRS master file)
- $401,909,826
- Income (IRS master file)
- $214,898,728
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $214,898,728 | $210,570,727 | $401,909,826 | IRS |
| 990 | December 2023 | $70,674,045 | $74,541,812 | $372,979,249 | IRS |
| 990 | December 2022 | – | – | – | 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 85-4014392).
Questions about MPD ELECTRIC COOPERATIVE INC
- What is the EIN of MPD ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of MPD ELECTRIC COOPERATIVE INC is 85-4014392.
- Is MPD ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2023.
- Are donations to MPD ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MPD 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 MPD ELECTRIC COOPERATIVE INC 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 MPD ELECTRIC COOPERATIVE INC 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 MPD ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names WILLIAM L FLEMING JR.
- Who are the officers and directors of MPD ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 25 received compensation from the organization, the highest $633,203 (WILLIAM L FLEMING JR, PRESIDENT (C).
- How much revenue does MPD ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $214,898,728, expenses of $210,570,727 and total assets of $401,909,826 at year end.
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