LITTLE RIVER ELECTRIC COOPERATIVE INC

Address
PO BOX 220
ABBEVILLE, SC 29620-0220
Contact
Phone: +1 (864) 366-2141
Nonprofit
NTEE: W80 - Public Utilities
EIN: 57-0199889

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.
 20172016201520142013
Basic features of the organization
Year of formation1940
Subsection code12
Form of organization
CorporationTrue
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 employees 31   
Number of people compensated >$100k 1   
Personnel
Brewer, Kay
Title SECRETARY/TR   
Name of key/compensated person KAY D BREWER   
Position of compensated person
Current individual trustee or director True   
Current officer True   
Average hours per week working for org 9.88   
Reportable compensation from org $25,104.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Davis, Wf
Title TRUSTEE   
Name of key/compensated person WF DAVIS   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 12.50   
Reportable compensation from org $13,459.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Ferris, Bobby
Title MANAGER   
Name of key/compensated person BOBBY FERRIS   
Position of compensated person
Current officer True   
Average hours per week working for org 50.00   
Reportable compensation from org $173,747.00   
Other comp, non-reportable, from org and related orgs $72,538.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Frasier, Thomas
Title TRUSTEE   
Name of key/compensated person THOMAS FRASIER   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 4.62   
Reportable compensation from org $4,850.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Gary, Wayne
Title TRUSTEE   
Name of key/compensated person WAYNE GARY   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 12.50   
Reportable compensation from org $13,048.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Haynes, Charlene
Title TRUSTEE   
Name of key/compensated person CHARLENE HAYNES   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 3.80   
Reportable compensation from org $19,393.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Johnson, Michael
Title TRUSTEE   
Name of key/compensated person MICHAEL JOHNSON   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 14.50   
Reportable compensation from org $26,932.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Manning, R
Title VICE PRESIDE   
Name of key/compensated person R CLELAND MANNING   
Position of compensated person
Current individual trustee or director True   
Current officer True   
Average hours per week working for org 4.55   
Reportable compensation from org $23,491.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
New, Susie
Title TRUSTEE   
Name of key/compensated person SUSIE NEW   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 8.96   
Reportable compensation from org $13,459.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Parker, Rn
Title PRESIDENT   
Name of key/compensated person RN PARKER   
Position of compensated person
Current individual trustee or director True   
Current officer True   
Average hours per week working for org 14.50   
Reportable compensation from org $25,492.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Shirley, William
Title TRUSTEE   
Name of key/compensated person WILLIAM SHIRLEY   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 4.67   
Reportable compensation from org $23,848.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activities 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.   
Programs, including revenue & expenses
N/A
Program description N/A   
Financial data
Revenue
Total revenue$26,926,845.00$26,962,212.00   
Investment income, current yr $146,862.00   
Total revenue from grants, etc., current yr $0.00   
Other revenue, current yr $0.00   
Program service revenue (total) $26,815,350.00   
Other types of revenue
Investment income $146,862.00   
Expense categories (totals)
Total functional expenses: sum of all $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$64,166,961.00$63,157,993.00   
Total assets, beginning of year $61,369,594.00   
Total liabilities $49,603,955.00   
Total liabilities, beginning of year $49,216,067.00   
Net assets $13,554,038.00   
Net assets, beginning of year $12,153,527.00   
Other liabilities $3,438,027.00   
Other assets $1,242,941.00   
Cash: non-interest bearing $1,872,759.00   
Cash: non-interest bearing, beginning of year $594,007.00   
Investments -- program-related $3,703,882.00   
Inventories for sale or use $748,921.00   
Other financial variables
Revenue less expenses $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 $44,440,247.00   
Total net assets or fund balances $13,554,038.00   
Depreciation, depletion, amortization $1,798,108.00   
Governance and accountability
Number of voting members 10   
Number of independent voting members 10   
Financial sheets were audited True   
Accrual accounting True   
Tax year start date 2016-01-01   
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF 990   
IRS schema version 2016v3.0   
Filing identifier 201711799349300436   
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