Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC REVENUE

  total $429,191,686 · related or exempt $429,191,686

• 2b · Program service revenue: PATRONAGE CAPITAL CREDITS

  total $7,078,912 · related or exempt $7,078,912

• 2c · Program service revenue: POLE AND OTHER ATTACHMENTS

  total $332,049 · excluded $332,049

• 3 · Investment income

  total $459,156 · related or exempt $105,087 · excluded $354,069

• 6a · Gross rents

  real property $82,854

• 6b · Less rental expenses

  real property $189,141

• 6c · Rental income or loss

  real property -$106,287

• 6d · Net rental income or loss

  total -$106,287 · unrelated business -$106,287

• 11a · Other revenue: OTHER REVENUE

  total $194,217 · related or exempt $194,217

• 11e · Other revenue, total

  $194,217

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $14,695,832

• 5 · Compensation of officers, directors and key employees

  total $811,054

• 20 · Interest

  total $11,955,241

• 22 · Depreciation, depletion and amortization

  total $23,932,960

• 24a · Other expenses: PURCHASED POWER

  total $313,844,488

• 24b · Other expenses: DISTRIBUTION MAINTENANCE

  total $21,049,408

• 24c · Other expenses: DISTRIBUTION OPERATIONS

  total $19,521,128

• 24d · Other expenses: ADMIN. & GENERAL EXP.

  total $17,046,070

• 24e · All other expenses

  total $14,293,552

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,851,894 · end of year $7,299,250

• 2 · Savings and temporary cash investments

  beginning of year $19,000,000 · end of year $1,015,816

• 4 · Accounts receivable

  beginning of year $26,283,148 · end of year $26,291,566

• 7 · Other notes and loans receivable

  beginning of year $2,065,747 · end of year $2,262,174

• 8 · Inventories for sale or use

  beginning of year $9,619,538 · end of year $12,874,263

• 9 · Prepaid expenses and deferred charges

  beginning of year $325,140 · end of year $325,788

• 10a · Land, buildings and equipment: cost or other basis

  $809,549,909

• 10b · Land, buildings and equipment: accumulated depreciation

  $186,702,431

• 10c · Land, buildings and equipment, net

  beginning of year $578,889,666 · end of year $622,847,478

• 13 · Investments: program-related

  beginning of year $27,183,219 · end of year $33,534,226

• 15 · Other assets

  beginning of year $52,989 · end of year $23,482

• 17 · Accounts payable and accrued expenses

  beginning of year $40,996,497 · end of year $41,609,647

• 23 · Secured mortgages and notes payable

  beginning of year $379,388,210 · end of year $386,615,381

• 24 · Unsecured notes and loans payable

  end of year $10,000,000

• 25 · Other liabilities

  beginning of year $51,246,649 · end of year $49,715,029

• 29 · Capital stock, trust principal or current funds

  beginning of year $508,685 · end of year $528,645

• 31 · Retained earnings, endowment or other funds

  beginning of year $204,131,300 · end of year $218,005,341

The filer's explanations (Part III)

SCHEDULE J, PART III

SOUTH CAROLINA STATE LAW (33-49-615) REQUIRES SOUTH CAROLINA ELECTRIC MEMBERSHIP CORPORATIONS TO MAKE SPECIFIC COMPENSATION DISCLOSURES AVAILABLE TO ITS MEMBERS. THESE DISCLOSURES ARE IN EXCESS OF THE COMPENSATION DISCLOSURES REQUIRED BY FORM 990 AND ARE MADE AVAILABLE TO ITS MEMBERS THROUGH BERKELEY ELECTRIC COOPERATIVE'S MEMBER PORTAL.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• BERKELEY COOPERATIVE ENTERPRISES

  PROPANE · SC · controlled entity