#352 of 500 · Member & Benefit Funds

Berkeley Electric Cooperative Inc

EIN 57-0123093 · SC · NTEE n/a · Form 990, fiscal 2023

A not-for-profit, member-owned electric utility headquartered in Moncks Corner, South Carolina. It is the largest electric cooperative in South Carolina, serving more than 135,000 member accounts across Berkeley, Charleston, and Dorchester counties in the Lowcountry with over 6,500 miles of line. It distributes electricity, supports community and education programs, and operates according to the seven cooperative principles under a member-elected board.

Financials, fiscal 2023

Revenue

$437.1M

Expenses

$437.1M

Total assets

$706.5M

Net assets

$218.5M

Operating margin

0.0%

1-year growth

7.1%

5-year growth (CAGR)

7.5%

Reserve (years of spending)

6.0

Contributions share

n/a

Programme spending

99.9%

Fundraising cost

n/a

Executive pay share

0.19%

Employees

331

Revenue per employee

$1.3M

Grants paid

n/a

Years filing

80

NFP Health Score: 68 / 100

Financial 55 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

A not-for-profit, member-owned electric utility committed to providing safe, reliable and affordable energy while serving its members in accordance with the seven Cooperative Principles.

Revenue history