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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Barc Electric Cooperative

Barc Electric Cooperative

Fiscal year ending 2020. Filed on November 15, 2021.

PO Box 264
Millboro, Virginia 24460

Barc Electric Cooperative (EIN: 54-0130127) has filed an IRS Form 990 from fiscal year 2016–2022. In its fiscal year 2020 IRS Form 990 filing, Barc Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 93 total employees. Among the employees shown here, the average compensation is $182,003. The highest compensated employee at Barc Electric Cooperative is Michael Keyser with fiscal year 2020 compensation of $450,666.

Revenue, expenses, and employee compensation

Revenue

$29,594,882

Expenses

$28,061,175

Employee compensation

$6,622,250
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Keyser
CEO and GEN MG
$450,666
$378,538 No related comp$72,128
Jamie Lowry
Chief Operating Officer
$185,872
$129,180 No related comp$56,692
Gregory Cook
Chief Financial Officer
$174,685
$134,068 No related comp$40,617
Stephen Clark
LINE CREW FO
$137,659
$117,562 No related comp$20,097
Donald Altizer
Construction
$135,611
$100,529 No related comp$35,082
Shay McMullen
LINE CREW FO
$129,820
$110,193 No related comp$19,627
Kevin Bryant
LINE CREW FO
$125,394
$102,542 No related comp$22,852
Rick Armstrong
Supvr Field
$116,313
$106,947 No related comp$9,366
Courtney Perdue
Chief Financial Officer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Keith L Swisher
President
$17,225
$17,225 No related compNo other comp
C Michael Sandridge
Vice President
$15,900
$15,900 No related compNo other comp
Jason P Black
Director
$15,900
$15,900 No related compNo other comp
Edsel B Ford
Director
$15,900
$15,900 No related compNo other comp
Jay Lewis II
Director
$15,900
$15,900 No related compNo other comp
John M Quantz
Secretary and Treasurer
$15,900
$15,900 No related compNo other comp
Gary R Johnson
Assistant Secretary
$15,900
$15,900 No related compNo other comp

Contractors

Thayer Power and Communication
Fiber Construction
$3,650,592
Vantage Point
Fiber Engineer
$2,215,531
Mj Electric LLC
Fiber Construction
$1,545,310
Lee Electrical Construction Inc.
Construction
$1,467,482
Pike Electric LLC
Construction
$1,442,651

Mission Statement

TO PROVIDE SAFE AND RELIABLE POWER TO THE MEMBERS OF BARC ELECTRIC COOPERATIVE LOCATED IN THE COUNTIES OF ALLEGHANY, AUGUSTA, BATH, HIGHLAND, AND ROCKBRIDGE IN THE COMMONWEALTH OF VIRGINIA.

Revisions to this organization profile

November 12, 2023:
2022 Barc Electric Cooperative 990 filed
November 15, 2022:
2021 Barc Electric Cooperative 990 filed
November 15, 2021:
2020 Barc Electric Cooperative 990 filed

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