LITTLE RIVER ELECTRIC COOPERATIVE INC

Address
PO BOX 220
ABBEVILLE, SC 296200220
Contact
Phone: +1 (864) 366-2141
Nonprofit
EIN: 57-0199889
Year formed: 1940

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
 20162015201420132012
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$435,361.00    
Sum of reportable (W2/1099) compensation$362,823.00    
Number of employees31    
Number of people compensated >$100k1    
Personnel
Brewer, Kay
TitleSECRETARY/TR    
Name of key/compensated personKAY D BREWER    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org9.88    
Reportable compensation from org$25,104.00    
Other comp, non-reportable, from org and related orgs$0.00    
Davis, Wf
TitleTRUSTEE    
Name of key/compensated personWF DAVIS    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org12.50    
Reportable compensation from org$13,459.00    
Other comp, non-reportable, from org and related orgs$0.00    
Ferris, Bobby
TitleMANAGER    
Name of key/compensated personBOBBY FERRIS    
Position of compensated person
Current officerTrue    
Average hours per week working for org50.00    
Reportable compensation from org$173,747.00    
Retirement and other deferred compensation$52,763.00    
Nontaxable benefits from org$19,775.00    
Other comp, non-reportable, from org and related orgs$72,538.00    
Sum of all compensation from org$246,285.00    
Frasier, Thomas
TitleTRUSTEE    
Name of key/compensated personTHOMAS FRASIER    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org4.62    
Reportable compensation from org$4,850.00    
Other comp, non-reportable, from org and related orgs$0.00    
Gary, Wayne
TitleTRUSTEE    
Name of key/compensated personWAYNE GARY    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org12.50    
Reportable compensation from org$13,048.00    
Other comp, non-reportable, from org and related orgs$0.00    
Haynes, Charlene
TitleTRUSTEE    
Name of key/compensated personCHARLENE HAYNES    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org3.80    
Reportable compensation from org$19,393.00    
Other comp, non-reportable, from org and related orgs$0.00    
Johnson, Michael
TitleTRUSTEE    
Name of key/compensated personMICHAEL JOHNSON    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org14.50    
Reportable compensation from org$26,932.00    
Other comp, non-reportable, from org and related orgs$0.00    
Manning, R
TitleVICE PRESIDE    
Name of key/compensated personR CLELAND MANNING    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org4.55    
Reportable compensation from org$23,491.00    
Other comp, non-reportable, from org and related orgs$0.00    
New, Susie
TitleTRUSTEE    
Name of key/compensated personSUSIE NEW    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org8.96    
Reportable compensation from org$13,459.00    
Other comp, non-reportable, from org and related orgs$0.00    
Parker, Rn
TitlePRESIDENT    
Name of key/compensated personRN PARKER    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org14.50    
Reportable compensation from org$25,492.00    
Other comp, non-reportable, from org and related orgs$0.00    
Shirley, William
TitleTRUSTEE    
Name of key/compensated personWILLIAM SHIRLEY    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org4.67    
Reportable compensation from org$23,848.00    
Other comp, non-reportable, from org and related orgs$0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.    
Programs, including revenue & expense
N/A
Program descriptionN/A    
Financial data
Revenue
Total revenue, current year$26,962,212.00    
Program service revenue, current year$26,815,350.00    
Investment income, current year$146,862.00    
Total revenue from grants, etc., current year$0.00    
Other revenue, current year$0.00    
Program service revenue (total)$26,815,350.00    
Other types of revenue
Investment income$146,862.00    
Expense categories (totals)
Total expenses, current year$26,962,212.00    
Total functional expenses: program service $0.00    
Total functional expenses: management and general$0.00    
Total functional expenses: fundraising$0.00    
Fees for services
Fundraising service fees (total)$0.00    
Assets and liabilities
Total assets, end of year$63,157,993.00    
Total assets, beginning of current year$61,369,594.00    
Total liabilities, end of year$49,603,955.00    
Total liabilities, beginning of year$49,216,067.00    
Net assets, end of year$13,554,038.00    
Net assets, beginning of current year$12,153,527.00    
Other liabilities$3,438,027.00    
Other assets$1,242,941.00    
Cash: non-interest bearing, end of year$1,872,759.00    
Cash: non-interest bearing, beginning of year$594,007.00    
Inventories for sale or use, end of year$748,921.00    
Gross receipts$26,962,212.00    
Revenue less expenses, current year$0.00    
Accounts receivable, net$1,996,301.00    
Prepaid expenses & deferred charges$106,090.00    
Accounts payable & accrued expenses$1,725,681.00    
Secured mortgages and notes payable, end of year$44,440,247.00    
Total net assets or fund balances, end of year$13,554,038.00    
Depreciation, depletion, amortization$1,798,108.00    
Governance and accountability
Number of voting members10    
Number of independent voting members10    
Accrual accountingTrue    
Financial sheets were auditedTrue    
Tax year start date2016-01-01    
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
Return type: 990, 990EZ, or 990PF990    
IRS schema version2016v3.0    
Filing identifier201711799349300436    
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