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PALMETTO ECONOMIC DEVELOPMENT CORP

EIN 57-0873176 COLUMBIA, SC

Revenue 2024
$4,606,904
Expenses 2024
$4,091,829

Program services were 78.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
1201 MAIN ST STE 1710

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).

Mission and programs · 2024

Mission

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.

  • FACILITATE THE GROWTH OF JOBS, INVESTMENT AND ELECTRIC LOAD THROUGH THE ATTRACTION OF NEW INDUSTRIAL AND COMMERCIAL ACTIVITY

    Expenses $1,595,049 · Grants $27,449 · Revenue $2,225,000

  • SUPPORT EXPANSION AND RETENTION OF EXISTING BUSINESSES AND FACILITIES

    Expenses $1,595,048 · Grants $27,449 · Revenue $2,225,000

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.

  • Mary Sheridan

    VICE CHAIRMAN

    Total calculated
    $29,056
    From this org
    $8,568
    From related orgs
    $20,488
    Other
    $0
    Hours/week
    4 + 5 related

  • Paul Basha

    TRUSTEE

    Total calculated
    $28,310
    From this org
    $3,353
    From related orgs
    $24,957
    Other
    $0
    Hours/week
    2 + 7 related

  • James M Bunton Jr

    TRUSTEE

    Total calculated
    $18,252
    From this org
    $6,705
    From related orgs
    $11,547
    Other
    $0
    Hours/week
    2 + 5 related

  • Terry W Mallard

    CHAIRMAN

    Total calculated
    $34,270
    From this org
    $9,312
    From related orgs
    $24,958
    Other
    $0
    Hours/week
    4 + 5 related

  • Rob Hochstetler

    NON-VOTING EX- OFFICIO

    Total calculated
    $1,504,813
    From this org
    $0
    From related orgs
    $1,017,013
    Other
    $487,800
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $976,000 related
    Bonus
    $0 + $19,877 related
    Other
    $0 + $21,136 related
    Deferred
    $0 + $455,682 related
    Nontaxable benefits
    $0 + $32,118 related
    Filer's total
    $0 + $1,504,813 related

  • Daniel B Shelley III

    SECRETARY

    Total calculated
    $0
    Hours/week
    4 + 5 related

  • Johnnie L Dickert

    TRUSTEE

    Total calculated
    $17,135
    From this org
    $5,960
    From related orgs
    $11,175
    Other
    $0
    Hours/week
    2 + 5 related

  • Charles E Adair

    VICE CHAIRMAN

    Total calculated
    $20,115
    From this org
    $6,705
    From related orgs
    $13,410
    Other
    $0
    Hours/week
    2 + 5 related

  • Brian W Broughton

    TRUSTEE

    Total calculated
    $9,685
    From this org
    $2,980
    From related orgs
    $6,705
    Other
    $0
    Hours/week
    2 + 5 related

  • Gary L Stooksbury

    TRUSTEE

    Total calculated
    $24,213
    From this org
    $3,725
    From related orgs
    $20,488
    Other
    $0
    Hours/week
    2 + 5 related

  • Barbara F Weston

    TRUSTEE

    Total calculated
    $17,135
    From this org
    $6,705
    From related orgs
    $10,430
    Other
    $0
    Hours/week
    2 + 5 related

  • Michael Fuller

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Robert G Ardis III

    TRUSTEE

    Total calculated
    $32,407
    From this org
    $2,607
    From related orgs
    $29,800
    Other
    $0
    Hours/week
    2 + 5 related

  • Archie B Davis Jr

    TRUSTEE

    Total calculated
    $47,307
    From this org
    $2,980
    From related orgs
    $44,327
    Other
    $0
    Hours/week
    2 + 7 related

  • James Chavez

    PRESIDENT AND CEO

    Total calculated
    $552,777
    From this org
    $409,572
    From related orgs
    $0
    Other
    $143,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $400,000
    Bonus
    $8,270
    Other
    $1,302
    Deferred
    $110,781
    Nontaxable benefits
    $32,424
    Filer's total
    $552,777

  • Warren Darby Jr

    SR VP GLOBAL BUSINESS

    Total calculated
    $322,301
    From this org
    $236,902
    From related orgs
    $0
    Other
    $85,399
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,750
    Bonus
    $4,919
    Other
    $6,233
    Deferred
    $55,044
    Nontaxable benefits
    $30,355
    Filer's total
    $322,301

  • Rebecca Breland

    SR VP COMMUNITY PREPAREDNE

    Total calculated
    $197,587
    From this org
    $157,513
    From related orgs
    $0
    Other
    $40,074
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,825
    Bonus
    $625
    Other
    $63
    Deferred
    $17,076
    Nontaxable benefits
    $22,998
    Filer's total
    $197,587

  • Marc Metcalf

    SENIOR PROJECT MANAGER

    Total calculated
    $159,913
    From this org
    $125,376
    From related orgs
    $0
    Other
    $34,537
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,929
    Bonus
    $625
    Other
    $1,822
    Deferred
    $17,650
    Nontaxable benefits
    $16,887
    Filer's total
    $159,913

  • Angelyn Smith

    SENIOR PROJECT MANAGER

    Total calculated
    $173,486
    From this org
    $125,655
    From related orgs
    $0
    Other
    $47,831
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,947
    Bonus
    $2,989
    Other
    -$8,281
    Deferred
    $19,267
    Nontaxable benefits
    $28,564
    Filer's total
    $173,486

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
    $4,606,904
    Expenses
    $4,091,829
    Contributions
    $0
    Grants paid
    $54,898
  • 2023
    Revenue
    $4,146,690
    Expenses
    $4,119,311
    Contributions
    $0
    Grants paid
    $158,439
  • 2022
    Revenue
    $3,847,469
    Expenses
    $3,695,395
    Contributions
    $0
    Grants paid
    $1,214

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

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2023 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2022 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2021 · 990

    Revenue
    $3,424,081
    Expenses
    $3,237,673
    Assets (EOY)
    $2,291,624

  • 2021 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2020 · 990

    Revenue
    $3,152,652
    Expenses
    $2,718,658
    Assets (EOY)
    $1,954,549

  • 2019 · 990

    Revenue
    $3,501,037
    Expenses
    $3,182,690
    Assets (EOY)
    $1,918,154

  • 2016 · 990

    Revenue
    $3,090,513
    Expenses
    $3,310,866
    Assets (EOY)
    $131,215

  • 2015 · 990

    Revenue
    $4,035,134
    Expenses
    $3,758,389
    Assets (EOY)
    $413,215

  • 2014 · 990

    Revenue
    $3,314,926
    Expenses
    $3,228,445
    Assets (EOY)
    $186,252

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

  • DORCHESTER COUNTY ECONOMIC DEVELOPMENT

    $26,306

    2023 STRATEGIC PLANNING

  • FLORENCE COUNTY ECONOMIC DEVELOPMENT PARTNERSHIP

    $25,000

    2024 STRATEGIC PLANNING

  • NEWBERRY ELECTRIC COOPERATIVE

    $25,000

    2023 STRATEGIC PLANNING

  • NATION FORD CHEMICAL

    $25,000

    2023 RETRAINING INITIATIVE

  • FLAME SPRAY NORTH AMERICA INC

    $20,000

    2023 RETRAINING INITIATIVE

  • TRICO DEVELOPMENT LLC

    $18,000

    2024 SITE ADVANCEMENT

  • CHILDRENSWEAR HOLDING CORP

    $12,500

    2023 RETRAINING INITIATIVE

  • NATIONAL MACHINERY & FABRICATION INC

    $11,000

    2023 RETRAINING INITIATIVE

  • YORK ELECTRIC COOPERATIVE INC

    $10,000

    2023 SITE ADVANCEMENT

  • MARTIN PRINTING

    $5,650

    2023 RETRAINING INITIATIVE

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

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

Listed as of 13 October 2026, under deductibility PC.

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.