Nonprofit · EIN 57-0274084
YORK ELECTRIC COOPERATIVE INC
Tax-exempt · YORK, SC 29745
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $151,220,535 | $151,220,535 | $0 | $282,095,755 | $161,852,235 | $120,243,520 |
| December 31, 2023 | 990 | $141,230,800 | $141,230,800 | $0 | $254,106,046 | $137,499,951 | $116,606,095 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $150,990,352
- Investment income
- $230,183
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $6,466,730
- Compensation of officers, directors and key employees
- $567,415
- Salaries, compensation and benefits (total)
- $567,415
- Professional fundraising fees
- $0
- Depreciation
- $10,206,648
Balance sheet and other
- Total assets, start of year
- $254,106,046
- Total assets, end of year
- $282,095,755
- Total liabilities, end of year
- $161,852,235
- Net assets, end of year
- $120,243,520
- Land, buildings and equipment
- $219,710,070
- Publicly traded securities
- $869,491
- Gross receipts
- $151,220,535
- Employees
- 138
- Year formed
- 1941
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| E PAUL BASHA | PRESIDENT & Officer | 50 | $450,618 | $25,456 |
| J CRAIG SPENCER | PRESIDENT & Officer | 50 | $274,162 | $40,957 |
| R MARCUS HOWIE | VP-COMM. DEV Highest-paid employee | 40 | $193,129 | $98,038 |
| W PHILLIP LEAKE | VP OF OPERAT Highest-paid employee | 40 | $171,229 | $87,547 |
| JAMES SALMON | VP OF INFO. Highest-paid employee | 40 | $167,111 | $89,299 |
| PATRICIA MOSS | VP OF HUMAN Highest-paid employee | 40 | $160,709 | $88,014 |
| WENDY CATLEDGE | VP-MEMBER SE Highest-paid employee | 40 | $162,476 | $84,662 |
| WILLIAM MITCHELL | TRUSTEE Trustee or director | 4 | $43,323 | $0 |
| SCOTT GOOD | TRUSTEE Trustee or director | 4 | $41,673 | $0 |
| RICHARD SADLER | VICE CHAIRMA Trustee or director, Officer | 5 | $41,323 | $0 |
| KEVIN TOLSON | TRUSTEE Trustee or director | 4 | $24,409 | $0 |
| CAROLYN BOYD | SECRETARY/TR Trustee or director, Officer | 5 | $23,286 | $0 |
| TOMMIE BRATTON | TRUSTEE Trustee or director | 4 | $22,575 | $0 |
| TOM SETTLEMYRE | CHAIRMAN Trustee or director, Officer | 6 | $22,404 | $0 |
| EDWARD JACK CORNWELL | TRUSTEE Trustee or director | 4 | $17,050 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD ROACH | TRUSTEE Trustee or director | 4 | $16,254 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| E PAUL BASHA | PRESIDENT & Officer | 50 | $382,362 | $45,114 |
| R MARCUS HOWIE | VP OF GOV RE Highest-paid employee | 40 | $182,407 | $91,811 |
| J CRAIG SPENCER | VP OF ENGINE Highest-paid employee | 40 | $208,583 | $53,223 |
| JAMES SALMON | VP OF INFO. Highest-paid employee | 40 | $155,907 | $80,995 |
| PATRICIA MOSS | VP OF HUMAN Highest-paid employee | 40 | $149,817 | $78,400 |
| W PHILLIP LEAKE | VP OF OPERAT Highest-paid employee | 40 | $149,559 | $74,099 |
| WILLIAM MITCHELL | TRUSTEE Trustee or director | 4 | $40,079 | $0 |
| SCOTT GOOD | TRUSTEE Trustee or director | 4 | $39,729 | $0 |
| RICHARD SADLER | VICE CHAIRMA Trustee or director, Officer | 5 | $39,029 | $0 |
| TOMMIE BRATTON | TRUSTEE Trustee or director | 4 | $31,185 | $0 |
| CAROLYN BOYD | SECRETARY/TR Trustee or director, Officer | 5 | $22,353 | $0 |
| TOM SETTLEMYRE | CHAIRMAN Trustee or director, Officer | 6 | $20,873 | $0 |
| EDWARD JACK CORNWELL | TRUSTEE Trustee or director | 4 | $16,268 | $0 |
| RICHARD ROACH | TRUSTEE Trustee or director | 4 | $13,823 | $0 |
| MARION COMER | TRUSTEE Trustee or director | 4 | $9,468 | $0 |
Address and contacts
- Address (IRS master file)
- 1385 ALEXANDER LOVE HWY E, YORK, SC 29745-7705
- Principal officer (990 for 2024)
- J CRAIG SPENCER
- Signed the 990
- J CRAIG SPENCER, PRESIDENT & CEO
- Phone
- (803) 684-4247
- Website
- HTTP://WWW.YORKELECTRIC.NET
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
TO PROVIDE UNSURPASSED INNOVATIVE AND DIVERSIFIED SERVICE AT A REASONABLE COST WHILE IMPROVING THE QUALITY OF LIFE AND PROMOTING INTEGRITY, ECONOMIC DEVELOPMENT, SAFETY AND A VISION OF THE FUTURE.
Program accomplishments
- TO PROVIDE UNSURPASSED INNOVATIVE AND DIVERSIFIED ELECTRIC SERVICE AT A REASONABLE COST WHILE IMPROVING THE QUALITY OF LIFE AND PROMOTING INTEGRITY, ECONOMIC DEVELOPMENT, SAFETY AND A VISION OF THE FUTURE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0274084
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $282,095,755
- Income (IRS master file)
- $151,220,535
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $151,220,535 | $151,220,535 | $282,095,755 | XML |
| 990 | December 2023 | $141,230,800 | $141,230,800 | $254,106,046 | XML |
| 990 | December 2022 | $136,652,507 | $136,652,507 | $252,077,799 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-0274084).
Questions about YORK ELECTRIC COOPERATIVE INC
- What is the EIN of YORK ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of YORK ELECTRIC COOPERATIVE INC is 57-0274084.
- Is YORK ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1975.
- Are donations to YORK ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does YORK ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of YORK ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did YORK ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of YORK ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names J CRAIG SPENCER.
- Who are the officers and directors of YORK ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $450,618 (E PAUL BASHA, PRESIDENT &).
- How much revenue does YORK ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $151,220,535, expenses of $151,220,535 and total assets of $282,095,755 at year end.
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