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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 Public & Societal Benefit Edisto Electric Cooperative Inc.

Edisto Electric Cooperative Inc.

Fiscal year ending 2023. Filed on May 3, 2024.

PO Box 547
Bamberg, South Carolina 29003

Edisto Electric Cooperative Inc. (EIN: 57-0158355) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2023 IRS Form 990 filing, Edisto Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 6 out of 75 total employees. Among the employees shown here, the average compensation is $272,674. The highest compensated employee at Edisto Electric Cooperative Inc. is David E Felkel with fiscal year 2023 compensation of $459,255.

Revenue, expenses, and employee compensation

Revenue

$56,517,224

Expenses

$56,517,224

Employee compensation

$741,759
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

David E Felkel
President
$459,255
$313,073 No related comp$146,182
Richard C Stephenson
Vice President, Finance
$260,194
$167,034 No related comp$93,160
Lawrence C Smoak III
Vice President, Operations
$250,076
$160,834 No related comp$89,242
Daniel C Eubanks
Vice President, Engineering
$238,748
$152,253 No related comp$86,495
Brian C Hefner
Vice President, Membership
$216,383
$135,967 No related comp$80,416
Robert D Bessinger
Vice President, Human Resources
$211,387
$131,717 No related comp$79,670

Benchmark Employee Compensation

Non-Employee Board Members

Jack G Vallentine III
Trustee
$38,973
$38,973 No related compNo other comp
Michael T Hollingsworth
Trustee
$36,596
$36,596 No related compNo other comp
F Pickens Williams
Secretary and Treasurer
$35,549
$35,549 No related compNo other comp
Christopher P Sandifer
Trustee
$35,543
$35,543 No related compNo other comp
Ervin M Mathias III
Trustee
$34,329
$34,329 No related compNo other comp
Stanley M Funchess
Trustee
$34,329
$34,329 No related compNo other comp
Douglas A Reeves
Chair
$33,937
$33,937 No related compNo other comp
Mary F Nimmons
Trustee
$20,395
$20,395 No related compNo other comp
R Wayne Welch
Vice Chair
$7,358
$7,358 No related compNo other comp
Travis Owens Burbage
Trustee
$5,494
$5,494 No related compNo other comp

Contractors

Brothers Tree Company
Right of Way
$1,225,087
Lee Electrical Construction
Construction
$755,876
Right Way Tree Experts
Right of Way
$382,564
Draw Enterprises
Construction
$243,483
Southeast Woodland Services
Forestry
$184,796

Mission Statement

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.

Revisions to this organization profile

May 13, 2025:
2024 Edisto Electric Cooperative Inc. 990 filed
May 3, 2024:
2023 Edisto Electric Cooperative Inc. 990 filed
September 8, 2023:
2022 Edisto Electric Cooperative Inc. 990 filed

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