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PALMETTO ELECTRIC COOPERATIVE INC

EIN 57-0221355 RIDGELAND, SC

Largest nonprofits in South Carolina

Revenue 2024
$194,786,503
Expenses 2024
$194,786,503

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

As filed

Subsection
12
Classification
4000
Street
4063 GRAYS HWY

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

TO DELIVER COMPETITIVELY PRICED, RELIABLE ENERGY AND INNOVATIVE RELATED SERVICES TO ITS MEMBERS AND TO PROVIDE LEADERSHIP AND SUPPORT TO THE COMMUNITIES WE SERVE

  • N/A

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jeremiah E Vaigneur

    CHAIRMAN

    Total calculated
    $29,839
    From this org
    $29,839
    From related orgs
    $0
    Other
    $0
    Hours/week
    7
  • D Terrell Smith

    VICE CHAIRMA

    Total calculated
    $29,167
    From this org
    $29,167
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Carolyn Grant

    SECRETARY-TR

    Total calculated
    $26,751
    From this org
    $26,751
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5
  • Drearl Bostick Sr

    DIRECTOR

    Total calculated
    $30,889
    From this org
    $30,889
    From related orgs
    $0
    Other
    $0
    Hours/week
    4
  • Greg Cook

    DIRECTOR

    Total calculated
    $17,800
    From this org
    $17,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4
  • Alicia Holland

    DIRECTOR

    Total calculated
    $33,676
    From this org
    $33,676
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Nicholas T Gohagan

    DIRECTOR

    Total calculated
    $9,250
    From this org
    $9,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4
  • William J Nimmer

    DIRECTOR

    Total calculated
    $41,053
    From this org
    $41,053
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • James L Rowe

    DIRECTOR

    Total calculated
    $49,391
    From this org
    $49,391
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5
  • David L White

    DIRECTOR

    Total calculated
    $19,517
    From this org
    $19,517
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5
  • Thomas Stanley Jr

    DIRECTOR

    Total calculated
    $25,127
    From this org
    $25,127
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • David Howard

    DIRECTOR

    Total calculated
    $31,427
    From this org
    $31,427
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5
  • A Berl Davis Jr

    PRES. & CEO

    Total calculated
    $1,036,538
    From this org
    $569,226
    From related orgs
    $0
    Other
    $467,312
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $452,512
    Bonus
    $53,018
    Other
    $63,696
    Deferred
    $440,016
    Nontaxable benefits
    $27,296
    Filer's total
    $1,036,538
  • Wilson D Saleeby

    V.P ENGIN/OP

    Total calculated
    $444,077
    From this org
    $323,819
    From related orgs
    $0
    Other
    $120,258
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $285,359
    Bonus
    $28,470
    Other
    $9,990
    Deferred
    $80,648
    Nontaxable benefits
    $39,610
    Filer's total
    $444,077
  • Tanya K Trull

    V.P FINANCE

    Total calculated
    $453,834
    From this org
    $274,758
    From related orgs
    $0
    Other
    $179,076
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $228,189
    Bonus
    $23,990
    Other
    $22,579
    Deferred
    $142,534
    Nontaxable benefits
    $36,542
    Filer's total
    $453,834
  • Georgia Vido

    V.P HUMAN RE

    Total calculated
    $412,031
    From this org
    $267,915
    From related orgs
    $0
    Other
    $144,116
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $224,090
    Bonus
    $22,305
    Other
    $21,520
    Deferred
    $107,788
    Nontaxable benefits
    $36,328
    Filer's total
    $412,031
  • Richard E Hunter III

    V.P MARKETIN

    Total calculated
    $387,436
    From this org
    $257,122
    From related orgs
    $0
    Other
    $130,314
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $216,611
    Bonus
    $25,246
    Other
    $15,265
    Deferred
    $94,252
    Nontaxable benefits
    $36,062
    Filer's total
    $387,436
  • Bruce K Draper

    OPERATIONS M

    Total calculated
    $411,460
    From this org
    $307,437
    From related orgs
    $0
    Other
    $104,023
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,565
    Bonus
    not reported
    Other
    $128,872
    Deferred
    $68,648
    Nontaxable benefits
    $35,375
    Filer's total
    $411,460

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $194,786,503
    Expenses
    $194,786,503
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $182,854,455
    Expenses
    $182,854,455
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $176,682,472
    Expenses
    $176,682,472
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $171,925,087
    Expenses
    $171,925,087
    Assets (EOY)
    $253,570,889
  • 2020 · 990

    Revenue
    $174,377,633
    Expenses
    $174,377,633
    Assets (EOY)
    $259,269,201
  • 2019 · 990

    Revenue
    $176,082,191
    Expenses
    $176,082,191
    Assets (EOY)
    $252,827,124
  • 2018 · 990

    Revenue
    $176,179,734
    Expenses
    $176,179,734
    Assets (EOY)
    $240,170,840
  • 2017 · 990

    Revenue
    $171,076,080
    Expenses
    $171,076,080
    Assets (EOY)
    $242,749,529
  • 2016 · 990

    Revenue
    $166,959,918
    Expenses
    $166,959,918
    Assets (EOY)
    $244,339,788
  • 2015 · 990

    Revenue
    $170,877,993
    Expenses
    $170,877,993
    Assets (EOY)
    $242,461,209
  • 2014 · 990

    Revenue
    $176,802,688
    Expenses
    $176,802,688
    Assets (EOY)
    $243,038,769
  • 2013 · 990

    Revenue
    $163,743,236
    Expenses
    $163,743,236
    Assets (EOY)
    $252,172,170
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $154,384,232
    Assets (EOY)
    $240,971,163

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.