Skip to content
ProPublica Donate
ProPublica Donate

Mid Carolina Electric Cooperative Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$145M (2023)

Expenses
$145M (2023)

Total Assets
$369M (2023)

Total Liabilities
$283M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$144,829,639
Expenses
$144,829,639
Net Income
$0
Net Assets
$85,621,186
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $144,745,717
99.9%
Investment Income $83,922
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $944,238
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $368,946,763
Total Liabilities $283,325,577
Net Assets $85,621,186
Club or Co-Op Income
Income From Members $138,052,463
Income From Other Sources $5,010,307
Compensation
Key Employees and Officers Compensation Related Other
B Robert Paulling (President &) $537,306 $0 $199,685
Theresa Crepes (Cfo) $258,468 $0 $129,733
Lee Ayers (Vp Enginee) $237,415 $0 $41,286
Troy Simpson (Vp Member) $206,925 $0 $130,193
Bobby Wilbur (Vp Operati) $201,909 $0 $127,719
Steve Davidson (Vp Informat) $168,332 $0 $112,873
Justin Watts (Trustee) $39,807 $0 $0
Donette Kirkland (Secretary) $32,983 $0 $0
Marvin Sox (Chairman) $28,230 $0 $0
Clifford Shealy (Vice Chairma) $23,905 $0 $0
Kenneth Lindler (Trustee) $20,147 $0 $0
Alan Lunsford (Trustee) $17,147 $0 $0
Carey Bedenbaugh (Trustee) $16,734 $0 $0
J Allan Risinger (Treasurer) $14,647 $0 $0
Eddie Best (Trustee) $13,647 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$148,136,586
Expenses
$148,136,586
Net Income
$0
Net Assets
$79,585,223
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $148,069,649
100.0%
Investment Income $66,937
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $754,617
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $329,734,139
Total Liabilities $250,148,916
Net Assets $79,585,223
Club or Co-Op Income
Income From Members $144,889,014
Income From Other Sources $3,784,391
Compensation
Key Employees and Officers Compensation Related Other
B Robert Paulling (President &) $402,657 $0 $169,058
Theresa Crepes (Cfo) $243,632 $0 $108,563
Troy Simpson (Vp Member) $237,305 $0 $118,710
Lee Ayers (Vp Enginee) $226,663 $0 $38,710
Keith Sturkie (Vp Informat) $215,110 $0 $99,281
Bobby Wilbur (Vp Operati) $192,665 $0 $118,655
Justin Watts (Trustee) $39,285 $0 $0
Donette Kirkland (Secretary) $32,612 $0 $0
Marvin Sox (Chairman) $23,993 $0 $0
Clifford Shealy (Vice Chairma) $19,818 $0 $0
Carey Bedenbaugh (Trustee) $15,212 $0 $0
Kenneth Lindler (Trustee) $14,607 $0 $0
J Allan Risinger (Treasurer) $13,125 $0 $0
Alan Lunsford (Trustee) $12,625 $0 $0
Eddie Best (Trustee) $11,625 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$130,746,610
Expenses
$130,746,610
Net Income
$0
Net Assets
$72,532,815
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $127,326,919
97.4%
Investment Income $67,861
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,351,830
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $711,562
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $316,005,069
Total Liabilities $243,472,254
Net Assets $72,532,815
Club or Co-Op Income
Income From Members $123,503,188
Income From Other Sources $2,855,884
Compensation
Key Employees and Officers Compensation Related Other
B Robert Paulling (President &) $401,606 $0 $156,159
Theresa Crepes (Cfo) $223,436 $0 $99,252
Lee Ayers (Vp Enginee) $215,000 $0 $37,025
Keith Sturkie (Vp Informat) $213,396 $0 $109,767
Bobby Wilbur (Vp Operati) $182,967 $0 $110,101
Troy Simpson (Vp Member) $181,909 $0 $108,704
Justin Watts (Trustee) $34,875 $0 $0
Donette Kirkland (Secretary) $24,627 $0 $0
Marvin Sox (Chairman) $19,798 $0 $0
Clifford Shealy (Vice Chairma) $14,475 $0 $0
Alan Lunsford (Trustee) $13,955 $0 $0
J Allan Risinger (Treasurer) $13,155 $0 $0
Kenneth Lindler (Trustee) $12,591 $0 $0
Carey Bedenbaugh (Trustee) $11,967 $0 $0
Eddie Best (Trustee) $8,355 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$129,212,311
Expenses
$129,212,311
Net Income
$0
Net Assets
$68,782,100
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $129,141,262
99.9%
Investment Income $71,049
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $722,674
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $301,678,019
Total Liabilities $232,895,919
Net Assets $68,782,100
Club or Co-Op Income
Income From Members $126,501,278
Income From Other Sources $1,989,768
Compensation
Key Employees and Officers Compensation Related Other
B Robert Paulling (President &) $373,330 $0 $162,425
Lee Ayers (Vp Enginee) $269,567 $0 $42,996
Theresa Crepes (Cfo) $233,481 $0 $92,683
Keith Sturkie (Vp Informat) $199,388 $0 $102,793
Bobby Wilbur (Vp Operati) $182,444 $0 $104,220
Troy Simpson (Vp Member) $175,926 $0 $101,822
Marvin Sox (Chairman) $36,781 $0 $0
Justin Watts (Trustee) $35,856 $0 $0
Donette Kirkland (Secretary) $26,332 $0 $0
Kenneth V Frick (Trustee) $20,341 $0 $0
Alan Lunsford (Trustee) $18,511 $0 $0
Eddie Best (Trustee) $14,286 $0 $0
Clifford Shealy (Vice Chairma) $12,388 $0 $0
Carey Bedenbaugh (Trustee) $11,898 $0 $0
J Allan Risinger (Treasurer) $10,526 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$132,579,704
Expenses
$132,579,704
Net Income
$0
Net Assets
$66,761,237
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $132,507,917
99.9%
Investment Income $71,787
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $686,697
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $293,514,199
Total Liabilities $226,752,962
Net Assets $66,761,237
Club or Co-Op Income
Income From Members $130,244,368
Income From Other Sources $1,558,572
Compensation
Key Employees and Officers Compensation Related Other
B Robert Paulling (President &) $341,707 $0 $151,503
Theresa Crepes (Cfo) $205,185 $0 $86,125
Keith Sturkie (Vp Informat) $199,013 $0 $96,947
Lee Ayers (Vp Enginee) $198,315 $0 $37,812
Bobby Wilbur (Vp Operati) $169,964 $0 $97,956
Troy Simpson (Vp Member) $159,376 $0 $94,297
Marvin Sox (Chairman) $37,506 $0 $0
Justin Watts (Trustee) $35,043 $0 $0
Donette Kirkland (Secretary) $25,655 $0 $0
Kenneth V Frick (Trustee) $21,490 $0 $0
Clifford Shealy (Vice Chairma) $17,219 $0 $0
J Allan Risinger (Treasurer) $14,152 $0 $0
Eddie Best (Trustee) $13,352 $0 $0
Carey Bedenbaugh (Trustee) $12,728 $0 $0
Alan Lunsford (Trustee) $9,960 $0 $0
Lavenia D Hentz (Trustee) $6,383 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$132,913,236
Expenses
$132,913,236
Net Income
$0
Net Assets
$58,970,448
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $132,842,374
99.9%
Investment Income $70,862
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $729,915
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $282,494,662
Total Liabilities $223,524,214
Net Assets $58,970,448
Club or Co-Op Income
Income From Members $130,558,689
Income From Other Sources $828,139
Compensation
Key Employees and Officers Compensation Related Other
B Robert Paulling (President &) $334,283 $0 $146,088
Theresa Crepes (Cfo) $192,279 $0 $94,454
Keith Sturkie (Vp. Informat) $181,437 $0 $93,033
Lee Ayers (Vp Enginee) $177,394 $0 $38,255
Bobby Wilbur (Vp Operati) $162,754 $0 $94,018
Troy Simpson (Vp Member) $152,928 $0 $89,325
Marvin Sox (Chairman) $42,067 $0 $0
Clifford Shealy (Vice Chairma) $38,542 $0 $0
Justin Watts (Trustee) $38,069 $0 $0
Donette Kirkland (Secretary) $29,695 $0 $0
Kenneth V Frick (Trustee) $23,498 $0 $0
Carey Bedenbaugh (Trustee) $20,713 $0 $0
Lavenia D Hentz (Trustee) $20,285 $0 $0
Eddie Best (Trustee) $19,727 $0 $0
J Allan Risinger (Treasurer) $16,949 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$125,282,082
Expenses
$125,282,082
Net Income
$0
Net Assets
$60,974,137
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $125,211,210
99.9%
Investment Income $70,872
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $675,449
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $233,460,839
Total Liabilities $172,486,702
Net Assets $60,974,137
Club or Co-Op Income
Income From Members $123,886,320
Income From Other Sources $377,923
Compensation
Key Employees and Officers Compensation Related Other
B Robert Paulling (President &) $315,592 $0 $136,248
Theresa Crepes (Cfo) $186,738 $0 $95,147
Lee Ayers (Vp Enginee) $172,716 $0 $33,752
Keith Sturkie (Vp. Informat) $166,285 $0 $86,653
Bobby Wilbur (Vp Operati) $155,196 $0 $86,035
Troy Simpson (Vp Member) $142,380 $0 $82,041
Marvin Sox (Chairman) $38,655 $0 $0
Justin Watts (Trustee) $35,479 $0 $0
Lavenia D Hentz (Secretary) $35,283 $0 $0
Clifford Shealy (Vice Chairma) $32,877 $0 $0
Kenneth V Frick (Trustee) $23,232 $0 $0
Carey Bedenbaugh (Trustee) $15,813 $0 $0
Donette Kirkland (Trustee) $15,152 $0 $0
Eddie Best (Trustee) $14,127 $0 $0
J Allan Risinger (Treasurer) $12,992 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$122,496,409
Expenses
$122,496,409
Net Income
$0
Net Assets
$59,045,849
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $122,424,385
99.9%
Investment Income $72,024
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $521,046
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $208,935,372
Total Liabilities $149,889,523
Net Assets $59,045,849
Club or Co-Op Income
Income From Members $121,385,594
Income From Other Sources $362,993
Compensation
Key Employees and Officers Compensation Related Other
B Robert Paulling (President &) $296,920 $0 $119,131
Theresa Crepes (Cfo) $181,601 $0 $88,521
Keith Sturkie (Vp. Informat) $160,443 $0 $79,713
Lee Ayers (Vp Enginee) $158,550 $0 $13,255
Bobby Wilbur (Vp Operati) $149,392 $0 $78,918
Troy Simpson (Vp Member) $132,997 $0 $73,027
Marvin Sox (Chairman) $41,556 $0 $0
Justin Watts (Trustee) $35,980 $0 $0
Lavenia D Hentz (Secretary) $34,644 $0 $0
Clifford Shealy (Vice Chairma) $34,009 $0 $0
Kenneth V Frick (Trustee) $21,341 $0 $0
Carey Bedenbaugh (Trustee) $15,355 $0 $0
Donette Kirkland (Trustee) $14,787 $0 $0
J Allan Risinger (Treasurer) $13,827 $0 $0
Eddie Best (Trustee) $12,627 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$121,198,189
Expenses
$121,198,189
Net Income
$0
Net Assets
$57,759,643
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $121,127,521
99.9%
Investment Income $70,668
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $525,689
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $193,486,375
Total Liabilities $135,726,732
Net Assets $57,759,643
Club or Co-Op Income
Income From Members $120,277,969
Income From Other Sources $306,054

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$131,384,378
Expenses
$131,384,378
Net Income
$0
Net Assets
$56,781,483
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $129,901,465
98.9%
Investment Income $1,482,913
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $542,733
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $195,787,668
Total Liabilities $139,006,185
Net Assets $56,781,483
Club or Co-Op Income
Income From Members $128,904,524
Income From Other Sources $1,963,319

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$114,945,190
Expenses
$114,945,190
Net Income
$0
Net Assets
$56,260,592
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $113,438,377
98.7%
Investment Income $1,506,813
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $999,536
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $327,366
0.3%
Assets/Debt
Total Assets $186,297,033
Total Liabilities $130,036,441
Net Assets $56,260,592
Club or Co-Op Income
Income From Members $112,431,188
Income From Other Sources $1,991,566

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$115,091,056
Expenses
$115,091,056
Net Income
$0
Net Assets
$55,838,837
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $113,561,375
98.7%
Investment Income $1,516,146
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,535
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $681,305
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $182,699,609
Total Liabilities $126,860,772
Net Assets $55,838,837
Club or Co-Op Income
Income From Members $112,487,459
Income From Other Sources $2,062,820

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$117,124,006
Expenses
$117,124,006
Net Income
$0
Net Assets
$48,194,218
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $115,358,500
98.5%
Investment Income $1,724,696
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $40,810
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $656,083
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $171,223,972
Total Liabilities $123,029,754
Net Assets $48,194,218
Club or Co-Op Income
Income From Members $114,017,607
Income From Other Sources $2,653,988

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »