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Organizations Palmetto Economic Development Corp. Dba South Carolina Power Team

Palmetto Economic Development Corp. Dba South Carolina Power Team

Fiscal year ending 2024. Filed on November 12, 2025.

1201 Main Street 1710
Columbia, South Carolina 29201

Palmetto Economic Development Corp. Dba South Carolina Power Team (EIN: 57-0873176) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, Palmetto Economic Development Corp. Dba South Carolina Power Team, a 501(c)(3) charitable organization, reported compensation for 6 out of 10 total employees. Among the employees shown here, the average compensation is $485,146. The highest compensated employee at Palmetto Economic Development Corp. Dba South Carolina Power Team is Rob Hochstetler with fiscal year 2024 compensation of $1,504,813.

Revenue, expenses, and employee compensation

Revenue

$4,606,904

Expenses

$4,091,829

Employee compensation

$2,269,675
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Rob Hochstetler
Non-Voting EX Officio
$1,504,813
$0 $1,017,013 $487,800
James Chavez
President and Chief Executive Officer
$552,777
$409,572 No related comp$143,205
Warren Darby Jr
Senior Vice President Global Business
$322,301
$236,902 No related comp$85,399
Rebecca Breland
Senior Vice President Community Preparedne
$197,587
$157,513 No related comp$40,074
Angelyn Smith
Senior Project Manager
$173,486
$125,655 No related comp$47,831
Marc Metcalf
Senior Project Manager
$159,913
$125,376 No related comp$34,537

Benchmark Employee Compensation

Non-Employee Board Members

Archie B Davis Jr
Trustee
$47,307
$2,980 $44,327 No other comp
Terry W Mallard
Chair
$34,270
$9,312 $24,958 No other comp
Robert G Ardis III
Trustee
$32,407
$2,607 $29,800 No other comp
Mary Sheridan
Vice Chair
$29,056
$8,568 $20,488 No other comp
Paul Basha
Trustee
$28,310
$3,353 $24,957 No other comp
Gary L Stooksbury
Trustee
$24,213
$3,725 $20,488 No other comp
Charles E Adair
Vice Chair
$20,115
$6,705 $13,410 No other comp
James M Bunton Jr
Trustee
$18,252
$6,705 $11,547 No other comp
Johnnie L Dickert
Trustee
$17,135
$5,960 $11,175 No other comp
Barbara F Weston
Trustee
$17,135
$6,705 $10,430 No other comp
Brian W Broughton
Trustee
$9,685
$2,980 $6,705 No other comp
Michael Fuller
Secretary
No compensation reported

Contractors

Wild Dunes Jv LLC
Event Facilities
$195,678
Np Strategy LLC
Consulting
$160,149
Hamilton Capitol Center LLC
Rent
$141,718

Mission Statement

PALMETTO ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT ALLIANCE OF THE STATE'S 19 ELECTRIC COOPERATIVES. TOGETHER THEY PROVIDE POWER TO MORE THAN 2 MILLION SOUTH CAROLINIANS.

Revisions to this organization profile

November 12, 2025:
2024 Palmetto Economic Development Corp. Dba South Carolina Power Team 990 filed
November 14, 2024:
2023 Palmetto Economic Development Corp. Dba South Carolina Power Team 990 filed
November 9, 2023:
2022 Palmetto Economic Development Corp. Dba South Carolina Power Team 990 filed

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