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Nonprofiteer
← SANTEE ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by SANTEE ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$156,282,282
Total expenses
$156,687,392
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$156,277,528
Investment income
$232,036
Other revenue
-$227,282
Total assets, end of year
$305,553,911
Total liabilities, end of year
$193,156,577
Net assets or fund balances, end of year
$112,397,334
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$156,687,392

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ELECTRIC REVENUE

    total $154,196,296 · related or exempt $154,196,296

  • 2b · Program service revenue: POLE RENTAL

    total $932,470 · excluded $932,470

  • 2c · Program service revenue: G & T CAPITAL CREDITS

    total $806,703 · related or exempt $806,703

  • 2d · Program service revenue: OTHER CAPITAL CREDITS

    total $342,059 · related or exempt $342,059

  • 3 · Investment income

    total $232,036 · excluded $232,036

  • 11a · Other revenue: OTHER

    total $177,828 · related or exempt $177,828

  • 11b · Other revenue: SUB REVENUE

    total -$405,110 · related or exempt -$405,110

  • 11e · Other revenue, total

    -$227,282

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $6,500,663

  • 5 · Compensation of officers, directors and key employees

    total $1,353,766

  • 7 · Other salaries and wages

    total $10,398,480

  • 8 · Pension plan contributions

    total $4,521,910

  • 9 · Other employee benefits

    total $4,307,356

  • 10 · Payroll taxes

    total $823,106

  • 11b · Fees: legal

    total $151,282

  • 11c · Fees: accounting

    total $81,323

  • 11g · Fees: other

    total $385,973

  • 12 · Advertising and promotion

    total $229,711

  • 13 · Office expenses

    total $328,047

  • 14 · Information technology

    total $984,141

  • 17 · Travel

    total $52,098

  • 19 · Conferences, conventions and meetings

    total $208,394

  • 20 · Interest

    total $5,129,674

  • 22 · Depreciation, depletion and amortization

    total $9,457,581

  • 23 · Insurance

    total $799,501

  • 24a · Other expenses: PURCHASED POWER

    total $102,647,579

  • 24b · Other expenses: DISTRIBUTION OPERATIONS

    total $7,997,857

  • 24c · Other expenses: DISTRIBUTION MAINTENANCE

    total $6,629,814

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $1,039,634

  • 24e · All other expenses

    total -$7,340,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,953,874 · end of year $3,159,656

  • 2 · Savings and temporary cash investments

    beginning of year $3,000,000 · end of year $12,000,000

  • 4 · Accounts receivable

    beginning of year $15,733,978 · end of year $18,060,761

  • 7 · Other notes and loans receivable

    beginning of year $1,734,236 · end of year $1,610,631

  • 8 · Inventories for sale or use

    beginning of year $4,455,072 · end of year $5,291,512

  • 9 · Prepaid expenses and deferred charges

    beginning of year $349,782 · end of year $438,997

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

    $321,947,293

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

    $96,569,764

  • 10c · Land, buildings and equipment, net

    beginning of year $215,907,287 · end of year $225,377,529

  • 13 · Investments: program-related

    beginning of year $20,563,161 · end of year $20,977,737

  • 15 · Other assets

    beginning of year $16,103,248 · end of year $18,637,088

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,517,853 · end of year $17,115,368

  • 23 · Secured mortgages and notes payable

    beginning of year $147,483,875 · end of year $170,123,087

  • 25 · Other liabilities

    beginning of year $11,032,207 · end of year $5,918,122

  • 29 · Capital stock, trust principal or current funds

    beginning of year $188,610 · end of year $188,890

  • 31 · Retained earnings, endowment or other funds

    beginning of year $106,578,093 · end of year $112,208,444

Mission and programs · 2025

Mission

TO PROVIDE QUALITY SERVICE AND PRODUCTS TO MEET THE ENERGY NEEDS OF OUR MEMBERS AT A COMPETITIVE PRICE CONSISTENT WITH SOUND BUSINESS PRACTICES, WHILE ENHANCING THE QUALITY OF LIFE IN OUR SERVICE AREA THROUGH THE SUPPORT OF ECONOMIC, CIVIC AND EDUCATIONAL OPPORTUNITIES.

  • TO PROVIDE SAFE AND RELIABLE ELECTRICITY TO ALL WHO DESIRE IT WITHIN THE COUNTIES WE SERVE.

    Expenses $156,687,392

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Billy L Morris Jr

    CHAIRMAN

    Total calculated
    $53,737
    From this org
    $53,737
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Allen Nesmith

    VICE CHAIRMA

    Total calculated
    $22,480
    From this org
    $22,480
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • William Floyd

    SECOND VICE

    Total calculated
    $23,988
    From this org
    $23,988
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Donald E Coker

    SEC-TREAS

    Total calculated
    $44,020
    From this org
    $44,020
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Andy D McKnight

    ASST. SEC-TR

    Total calculated
    $41,952
    From this org
    $41,952
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Walter Sanders

    TRUSTEE

    Total calculated
    $23,546
    From this org
    $23,546
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Dudley Musier

    TRUSTEE

    Total calculated
    $23,588
    From this org
    $23,588
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Harry Walters

    TRUSTEE

    Total calculated
    $14,980
    From this org
    $14,980
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Timothy Cooper

    TRUSTEE

    Total calculated
    $26,060
    From this org
    $26,060
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Robert Ardis III

    PRESIDENT &

    Total calculated
    $671,452
    From this org
    $453,082
    From related orgs
    $0
    Other
    $218,370
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $420,940
    Bonus
    $1,723
    Other
    $30,419
    Deferred
    $182,030
    Nontaxable benefits
    $36,340
    Filer's total
    $671,452

  • James R Cooper

    VICE PRESIDE

    Total calculated
    $407,963
    From this org
    $262,140
    From related orgs
    $0
    Other
    $145,823
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $242,508
    Bonus
    $1,723
    Other
    $17,909
    Deferred
    $108,808
    Nontaxable benefits
    $37,015
    Filer's total
    $407,963

  • Robert F Higbe III

    VP-ENGINEERI

    Total calculated
    $352,157
    From this org
    $219,534
    From related orgs
    $0
    Other
    $132,623
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $206,218
    Bonus
    $1,701
    Other
    $11,615
    Deferred
    $97,631
    Nontaxable benefits
    $34,992
    Filer's total
    $352,157

  • Ronald A Johnson

    VP-OPERATION

    Total calculated
    $304,966
    From this org
    $188,725
    From related orgs
    $0
    Other
    $116,241
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $177,862
    Bonus
    $1,865
    Other
    $8,998
    Deferred
    $81,249
    Nontaxable benefits
    $34,992
    Filer's total
    $304,966

  • James Kirby

    VP-PUBLIC AF

    Total calculated
    $198,639
    From this org
    $170,045
    From related orgs
    $0
    Other
    $28,594
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $160,992
    Bonus
    $1,865
    Other
    $7,188
    Deferred
    $3,371
    Nontaxable benefits
    $25,223
    Filer's total
    $198,639

  • Jaime Johnson

    CREW FOREMAN

    Total calculated
    $249,274
    From this org
    $163,258
    From related orgs
    $0
    Other
    $86,016
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $158,557
    Bonus
    $1,865
    Other
    $2,836
    Deferred
    $50,895
    Nontaxable benefits
    $35,121
    Filer's total
    $249,274

  • Clarence Pressley

    1ST CLASS LI

    Total calculated
    $249,235
    From this org
    $161,719
    From related orgs
    $0
    Other
    $87,516
    Hours/week
    67

    Schedule J breakdown matched by us

    Base
    $158,695
    Bonus
    $1,865
    Other
    $1,159
    Deferred
    $39,792
    Nontaxable benefits
    $47,724
    Filer's total
    $249,235

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART III
THE COOPERATIVE HAS ADOPTED 457(B) NONQUALIFIED DEFERRED COMPENSATION PLANS FOR THE FOLLOWING: 1. TRUSTEES 2. SELECT GROUP OF MANAGEMENT AND HIGHLY COMPENSATED EMPLOYEES UNDER THE TRUSTEE PLAN, TRUSTEES MAY DEFER THEIR COMPENSATION UNTIL SEPARATION FROM THE BOARD. DURING THE YEAR ENDED DECEMBER 31, 2025 THERE WERE NO TRUSTEE DEFERRALS OF PER DIEMS. UNDER THE MANAGEMENT PLAN, PARTICIPANTS MAY DEFER COMPENSATION BASED ON THE PLAN AGREEMENT. THIS PLAN CONSISTS OF EMPLOYEE DEFERRALS ONLY. SOUTH CAROLINA STATE LAW ( 33-49-615) REQUIRES SOUTH CAROLINA ELECTRIC COOPERATIVES TO MAKE SPECIFIC COMPENSATION DISCLOSURES AVAILABLE TO THE PUBLIC. THESE DISCLOSURES ARE IN EXCESS OF THE COMPENSATION DISCLOSURES REQUIRED BY FORM 990. IN CONJUNCTION WITH THE COMPENSATION INFORMATION REQUIRED BY FORM 990, THE COOPERATIVE HAS OPTED TO PROVIDE THE ADDITIONAL DETAIL REQUIRED BY STATE LAW AS AN ATTACHMENT TO THIS RETURN.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FIVE RIVERS DEVELOPMENT LLC

    ECON DEV · SC · income -$405,110 · assets $14,990,209

    Directly controlled by SANTEE ECI

Provenance

Return type
form_990
Tax year
2025
Filed
7 April 2026
IRS schema version
2025v4.0
Source object
202631059349300048

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