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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 Laurens Electric Cooperative Inc.

Laurens Electric Cooperative Inc.

Fiscal year ending 2024. Filed on November 6, 2025.

PO Box 700
Laurens, South Carolina 29360

Laurens Electric Cooperative Inc. (EIN: 57-0196563) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Laurens Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 163 total employees. Among the employees shown here, the average compensation is $295,400. The highest compensated employee at Laurens Electric Cooperative Inc. is Matthew D Stanley with fiscal year 2024 compensation of $441,278.

Revenue, expenses, and employee compensation

Revenue

$163,057,774

Expenses

$163,057,774

Employee compensation

$722,828
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Matthew D Stanley
President and Chief Executive Officer
$441,278
$325,606 No related comp$115,672
Nathan Brown
Vp-Engineer&
$357,473
$247,383 No related comp$110,090
Jim Donahoo
Vice President, Marketing
$323,289
$220,340 No related comp$102,949
Chad Armstrong
Vice President, Human Resources
$320,449
$218,861 No related comp$101,588
Christopher J Miers
Vice President, Member Services
$306,772
$208,045 No related comp$98,727
Daniel Ott
Vice President, Information Technology
$258,649
$173,559 No related comp$85,090
Marcus Cook
Trustee
$59,893
$59,893 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Joe T Nicholson
Trustee
$36,225
$36,225 No related compNo other comp
Mitchell Powers
Secretary and Treasurer
$35,038
$35,038 No related compNo other comp
Charles E Adair
Chair
$33,194
$33,194 No related compNo other comp
William Hendrix
Vice Chair
$29,753
$29,753 No related compNo other comp
Eddie Abrams
Trustee
$27,698
$27,698 No related compNo other comp
Jimmie Perry
Trustee
$25,948
$25,948 No related compNo other comp
Reid Fisher
Trustee
$21,848
$21,848 No related compNo other comp
Janice Cunningham
Trustee
$11,953
$11,953 No related compNo other comp

Contractors

Sumter Utilities
System Repair
$3,851,005
Clci Services LLC
Row Clearing
$2,679,619
Spe Unitlity Contractors LLC
Stormwork
$2,131,075
Asplundh
Row Clearing
$1,740,326
Pike Enterprises LLC
System Repair
$1,649,517

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

November 6, 2025:
2024 Laurens Electric Cooperative Inc. 990 filed
November 2, 2023:
2022 Laurens Electric Cooperative Inc. 990 filed
November 4, 2022:
2021 Laurens Electric Cooperative Inc. 990 filed

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