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Employer Identification Number 57-0216285

NEWBERRY ELECTRIC COOPERATIVE INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:NEWBERRY ELECTRIC COOPERATIVE INC
Employer identification number (EIN):57-0216285
EIN Issuing AuthorityBrookhaven, NY
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO PROVIDE THE BEST ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
Number of Employees44
Year Formed1940

Organization Governance

Legal DomicileSC
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 44,301,094
Program Service Revenue from current yearUSD $ 48,441,249
Investment Income from prior yearUSD $ 25,308
Investment Income from current yearUSD $ 54,065
Other Revenue from prior yearUSD $ 1,378,794
Other Revenue from current yearUSD $ 64,044
Gross receipts from all sourcesUSD $ 48,559,358
Net assets / fund balances at end of fiscal yearUSD $ 27,689,976
Net assets / fund balances at beginning of fiscal yearUSD $ 26,282,608
Total liabilities at end of fiscal yearUSD $ 72,897,950
Total liabilities at beginning of fiscal yearUSD $ 67,873,209
Total assets at end of fiscal yearUSD $ 100,587,926
Total assets at beginning of fiscal yearUSD $ 94,155,817
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 48,559,358
Total expenses for previous yearUSD $ 45,705,196
Other expenses in current yearUSD $ 45,600,321
Other expenses in previous yearUSD $ 43,538,230
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 704,020
Employee salary and benefits paid in previous yearUSD $ 667,767
Benefits paid to or for members in current yearUSD $ 2,255,017
Benefits paid to or for members in previous yearUSD $ 1,499,199
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 48,559,358
Total revenue in previous fiscal yearUSD $ 45,705,196
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 64,044
2022-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 40,492,736
Program Service Revenue from current yearUSD $ 44,301,094
Investment Income from prior yearUSD $ 21,809
Investment Income from current yearUSD $ 25,308
Other Revenue from prior yearUSD $ 1,778,085
Other Revenue from current yearUSD $ 1,378,794
Gross receipts from all sourcesUSD $ 45,705,196
Net assets / fund balances at end of fiscal yearUSD $ 26,282,608
Net assets / fund balances at beginning of fiscal yearUSD $ 25,247,759
Total liabilities at end of fiscal yearUSD $ 67,873,209
Total liabilities at beginning of fiscal yearUSD $ 64,062,202
Total assets at end of fiscal yearUSD $ 94,155,817
Total assets at beginning of fiscal yearUSD $ 89,309,961
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 615,816
Total expenses for current yearUSD $ 45,705,196
Total expenses for previous yearUSD $ 41,676,814
Other expenses in current yearUSD $ 43,538,230
Other expenses in previous yearUSD $ 38,642,457
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 667,767
Employee salary and benefits paid in previous yearUSD $ 622,030
Benefits paid to or for members in current yearUSD $ 1,499,199
Benefits paid to or for members in previous yearUSD $ 2,412,327
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 45,705,196
Total revenue in previous fiscal yearUSD $ 42,292,630
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,378,794
2021-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 40,715,790
Program Service Revenue from current yearUSD $ 40,492,736
Investment Income from prior yearUSD $ 26,297
Investment Income from current yearUSD $ 21,809
Other Revenue from prior yearUSD $ 500,202
Other Revenue from current yearUSD $ 1,778,085
Gross receipts from all sourcesUSD $ 42,292,630
Net assets / fund balances at end of fiscal yearUSD $ 25,247,759
Net assets / fund balances at beginning of fiscal yearUSD $ 22,376,141
Total liabilities at end of fiscal yearUSD $ 64,062,202
Total liabilities at beginning of fiscal yearUSD $ 59,973,419
Total assets at end of fiscal yearUSD $ 89,309,961
Total assets at beginning of fiscal yearUSD $ 82,349,560
Revenues less expenses for current yearUSD $ 615,816
Revenues less expenses for previous yearUSD $ 526,503
Total expenses for current yearUSD $ 41,676,814
Total expenses for previous yearUSD $ 40,715,786
Other expenses in current yearUSD $ 38,642,457
Other expenses in previous yearUSD $ 37,428,582
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 622,030
Employee salary and benefits paid in previous yearUSD $ 593,555
Benefits paid to or for members in current yearUSD $ 2,412,327
Benefits paid to or for members in previous yearUSD $ 2,693,649
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 42,292,630
Total revenue in previous fiscal yearUSD $ 41,242,289
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 1,778,085
2020-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 38,435,916
Program Service Revenue from current yearUSD $ 40,715,790
Investment Income from prior yearUSD $ 35,714
Investment Income from current yearUSD $ 26,297
Other Revenue from prior yearUSD $ 232,080
Other Revenue from current yearUSD $ 500,202
Gross receipts from all sourcesUSD $ 41,242,289
Net assets / fund balances at end of fiscal yearUSD $ 22,376,141
Net assets / fund balances at beginning of fiscal yearUSD $ 20,426,226
Total liabilities at end of fiscal yearUSD $ 59,973,419
Total liabilities at beginning of fiscal yearUSD $ 58,070,798
Total assets at end of fiscal yearUSD $ 82,349,560
Total assets at beginning of fiscal yearUSD $ 78,497,024
Revenues less expenses for current yearUSD $ 526,503
Revenues less expenses for previous yearUSD $ -1,142,316
Total expenses for current yearUSD $ 40,715,786
Total expenses for previous yearUSD $ 39,846,026
Other expenses in current yearUSD $ 37,428,582
Other expenses in previous yearUSD $ 38,662,321
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 593,555
Employee salary and benefits paid in previous yearUSD $ 632,393
Benefits paid to or for members in current yearUSD $ 2,693,649
Benefits paid to or for members in previous yearUSD $ 551,312
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 41,242,289
Total revenue in previous fiscal yearUSD $ 38,703,710
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 500,202
2019-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 39,174,885
Program Service Revenue from current yearUSD $ 38,435,916
Investment Income from prior yearUSD $ 23,713
Investment Income from current yearUSD $ 35,714
Other Revenue from prior yearUSD $ 82,054
Other Revenue from current yearUSD $ 232,080
Gross receipts from all sourcesUSD $ 38,703,710
Net assets / fund balances at end of fiscal yearUSD $ 20,426,226
Net assets / fund balances at beginning of fiscal yearUSD $ 21,661,184
Total liabilities at end of fiscal yearUSD $ 58,070,798
Total liabilities at beginning of fiscal yearUSD $ 55,360,641
Total assets at end of fiscal yearUSD $ 78,497,024
Total assets at beginning of fiscal yearUSD $ 77,021,825
Revenues less expenses for current yearUSD $ -1,142,316
Total expenses for current yearUSD $ 39,846,026
Total expenses for previous yearUSD $ 39,280,652
Other expenses in current yearUSD $ 38,662,321
Other expenses in previous yearUSD $ 37,251,981
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 632,393
Employee salary and benefits paid in previous yearUSD $ 635,131
Benefits paid to or for members in current yearUSD $ 551,312
Benefits paid to or for members in previous yearUSD $ 1,393,540
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 38,703,710
Total revenue in previous fiscal yearUSD $ 39,280,652
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 232,080
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 34
Program Service Revenue from prior yearUSD $ 35,422,942
Program Service Revenue from current yearUSD $ 39,174,885
Investment Income from prior yearUSD $ 26,385
Investment Income from current yearUSD $ 23,713
Other Revenue from prior yearUSD $ 67,154
Other Revenue from current yearUSD $ 82,054
Gross receipts from all sourcesUSD $ 39,280,652
Net assets / fund balances at end of fiscal yearUSD $ 21,661,184
Net assets / fund balances at beginning of fiscal yearUSD $ 19,721,961
Total liabilities at end of fiscal yearUSD $ 55,360,641
Total liabilities at beginning of fiscal yearUSD $ 49,850,110
Total assets at end of fiscal yearUSD $ 77,021,825
Total assets at beginning of fiscal yearUSD $ 69,572,071
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 39,280,652
Total expenses for previous yearUSD $ 35,516,481
Other expenses in current yearUSD $ 37,251,981
Other expenses in previous yearUSD $ 34,171,179
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 635,131
Employee salary and benefits paid in previous yearUSD $ 596,886
Benefits paid to or for members in current yearUSD $ 1,393,540
Benefits paid to or for members in previous yearUSD $ 748,416
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 39,280,652
Total revenue in previous fiscal yearUSD $ 35,516,481
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 82,054
2016-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 33,512,069
Program Service Revenue from current yearUSD $ 34,776,039
Investment Income from prior yearUSD $ 18,970
Investment Income from current yearUSD $ 46,394
Other Revenue from prior yearUSD $ 205,112
Other Revenue from current yearUSD $ 287,426
Gross receipts from all sourcesUSD $ 35,109,859
Net assets / fund balances at end of fiscal yearUSD $ 18,605,380
Net assets / fund balances at beginning of fiscal yearUSD $ 17,471,174
Total liabilities at end of fiscal yearUSD $ 48,465,116
Total liabilities at beginning of fiscal yearUSD $ 41,085,102
Total assets at end of fiscal yearUSD $ 67,070,496
Total assets at beginning of fiscal yearUSD $ 58,556,276
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 35,109,859
Total expenses for previous yearUSD $ 33,736,151
Other expenses in current yearUSD $ 33,314,246
Other expenses in previous yearUSD $ 31,798,594
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 710,404
Employee salary and benefits paid in previous yearUSD $ 652,392
Benefits paid to or for members in current yearUSD $ 1,085,209
Benefits paid to or for members in previous yearUSD $ 1,285,165
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 35,109,859
Total revenue in previous fiscal yearUSD $ 33,736,151
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 287,426
2015-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 35,474,858
Program Service Revenue from current yearUSD $ 33,512,069
Investment Income from prior yearUSD $ 27,505
Investment Income from current yearUSD $ 18,970
Other Revenue from prior yearUSD $ 149,551
Other Revenue from current yearUSD $ 205,112
Gross receipts from all sourcesUSD $ 33,736,151
Net assets / fund balances at end of fiscal yearUSD $ 17,471,174
Net assets / fund balances at beginning of fiscal yearUSD $ 17,360,745
Total liabilities at end of fiscal yearUSD $ 41,085,102
Total liabilities at beginning of fiscal yearUSD $ 40,734,478
Total assets at end of fiscal yearUSD $ 58,556,276
Total assets at beginning of fiscal yearUSD $ 58,095,223
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 33,736,151
Total expenses for previous yearUSD $ 35,651,914
Other expenses in current yearUSD $ 31,798,594
Other expenses in previous yearUSD $ 34,488,057
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 652,392
Employee salary and benefits paid in previous yearUSD $ 492,620
Benefits paid to or for members in current yearUSD $ 1,285,165
Benefits paid to or for members in previous yearUSD $ 671,237
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 33,736,151
Total revenue in previous fiscal yearUSD $ 35,651,914
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 205,112
2014-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 31,173,627
Program Service Revenue from current yearUSD $ 35,474,858
Investment Income from prior yearUSD $ 82,491
Investment Income from current yearUSD $ 27,505
Other Revenue from prior yearUSD $ 136,665
Other Revenue from current yearUSD $ 149,551
Gross receipts from all sourcesUSD $ 35,651,914
Net assets / fund balances at end of fiscal yearUSD $ 17,360,745
Net assets / fund balances at beginning of fiscal yearUSD $ 16,960,945
Total liabilities at end of fiscal yearUSD $ 40,734,478
Total liabilities at beginning of fiscal yearUSD $ 36,804,487
Total assets at end of fiscal yearUSD $ 58,095,223
Total assets at beginning of fiscal yearUSD $ 53,765,432
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 35,651,914
Total expenses for previous yearUSD $ 31,392,783
Other expenses in current yearUSD $ 34,488,057
Other expenses in previous yearUSD $ 30,055,072
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 492,620
Employee salary and benefits paid in previous yearUSD $ 488,377
Benefits paid to or for members in current yearUSD $ 671,237
Benefits paid to or for members in previous yearUSD $ 849,334
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 35,651,914
Total revenue in previous fiscal yearUSD $ 31,392,783
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ 149,551

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 570216285

USA Mailing Address
PO BOX 477
NEWBERRY
SC
29108
Date first seen: 2007-01-01
Date last seen: 2024-04-05

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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