Sumter Electric Cooperative Inc

Sumterville, FL
Tax-exempt since Sept. 1939
EIN: 59-0469125

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$483M (2023)

Expenses

$472M (2023)

Total Assets

$1.22B (2023)

Total Liabilities

$856M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Revenue

$482,988,385

Expenses

$472,468,328

Net Income

$10,520,057

Net Assets

$366,937,585

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$482,323,611	99.9%
Investment Income	$175,208	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$30,453	0.0%
Net Fundraising	$0
Sales of Assets	$459,113	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,334,521	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,502,829	0.3%

Assets/Debt
Total Assets	$1,223,281,639
Total Liabilities	$856,344,054
Net Assets	$366,937,585

Club or Co-Op Income
Income From Members	$476,660,506
Income From Other Sources	$2,571,264

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
John Laselva (Coo)	$965,366	$0	$159,271
Curtis Wynn (Ceo)	$743,921	$0	$150,789
Greggory H Morrell (Ccso)	$520,306	$0	$90,080
Micheal White (Vp Of Engine)	$415,754	$0	$46,948
Kathryn E Gloria (Vp Cor Comm)	$398,047	$0	$111,594
Benjamin Dawson (Vp Growth, S)	$347,594	$0	$140,414
Tracy De Lemos (Vp Corp Gen)	$340,867	$0	$69,091
Anh Reynolds (Vp Fin & A)	$289,995	$0	$67,320
Lonnie W Pennington (Mgr Engineer)	$252,279	$0	$113,518
Latricia Helton (System Contr)	$248,323	$0	$40,249
Corey James Price (Line Tech 1 S)	$244,322	$0	$25,553
Shaun T Lamar (Mgr Of Inf T)	$211,131	$0	$87,091
Marietta Hicks (Mgr Eng Svcs)	$201,629	$0	$78,734
Eugene V Kanikovsky (Cfo)	$183,769	$0	$46,865
James P Duncan (Former Ceo)	$134,614	$0	$0
Gerald Anderson (Trustee Pr)	$34,554	$0	$0
Shannon Wright (Trustee)	$31,053	$0	$0
Michael Muffett (Trustee)	$28,853	$0	$0
Morgan Hatfield (Trustee Se)	$28,604	$0	$0
Joseph Kusiak (Trustee)	$27,103	$0	$0
William James Jr (Trustee)	$25,753	$0	$0
Richard Dennison (Trustee)	$24,853	$0	$0
Joyce Anderson (Trustee)	$24,203	$0	$0
Scott Boyatt (Trustee Vi)	$21,554	$0	$0

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990

Filed on Oct. 29, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2022

Revenue

$537,389,478

Expenses

$526,256,107

Net Income

$11,133,371

Net Assets

$343,123,144

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$59,679	0.0%
Program Services	$536,877,881	99.9%
Investment Income	$248,279	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$33,625	0.0%
Net Fundraising	$0
Sales of Assets	$169,663	0.0%
Net Inventory Sales	$351	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$5,384,019	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,614,320	0.3%

Assets/Debt
Total Assets	$1,126,136,135
Total Liabilities	$783,012,991
Net Assets	$343,123,144

Club or Co-Op Income
Income From Members	$532,557,146
Income From Other Sources	$1,425,708

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Curtis Wynn (Ceo)	$696,900	$0	$169,803
James P Duncan (Ceo Exitin)	$666,184	$0	$4,141
John Laselva (Vp Of Operat)	$502,592	$0	$165,205
Eugene V Kanikovsky (Cfo)	$447,859	$0	$142,241
Greggory H Morrell (Vp Of Hr & C)	$433,789	$0	$107,224
Micheal White (Vp Of Engine)	$425,763	$0	$106,667
Kathryn E Gloria (Vp Cor Comm)	$417,618	$0	$131,915
Benjamin Dawson (Vp Growth, S)	$280,735	$0	$113,240
Tracy De Lemos (Deputy Gener)	$268,198	$0	$64,869
Lonnie W Pennington (Mgr Trans &)	$250,083	$0	$137,388
Jerry T Brown (Mgr Of Techn)	$213,246	$0	$71,836
Shaun T Lamar (Mgr Of Inf T)	$207,420	$0	$93,716
Craig S Balius (Mgr Of Safet)	$205,215	$0	$147,678
Marietta Hicks (Mgr Eng Svcs)	$203,836	$0	$83,902
Joseph Kusiak (Trustee)	$33,703	$0	$0
Michael Muffett (Trustee)	$32,203	$0	$0
Gerald Anderson (Trustee Pr)	$28,403	$0	$0
Shannon Wright (Trustee)	$28,402	$0	$0
Joyce Anderson (Trustee Se)	$26,003	$0	$0
Morgan Hatfield (Trustee)	$23,753	$0	$0
Richard Dennison (Trustee)	$23,653	$0	$0
Scott Boyatt (Trustee Vi)	$23,603	$0	$0
William James Jr (Trustee)	$19,353	$0	$0

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990

Filed on Oct. 26, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$440,111,118

Expenses

$426,958,048

Net Income

$13,153,070

Net Assets

$322,251,590

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,500,898	1.9%
Program Services	$430,554,257	97.8%
Investment Income	$370,435	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$35,295	0.0%
Net Fundraising	$0
Sales of Assets	$650,233	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,300,633	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,552,836	0.4%

Assets/Debt
Total Assets	$962,585,573
Total Liabilities	$640,333,983
Net Assets	$322,251,590

Club or Co-Op Income
Income From Members	$427,036,855
Income From Other Sources	$1,018,316

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James P Duncan (Ceo Exitin)	$1,156,511	$0	$111,780
John Laselva (Vp Of Operat)	$471,190	$0	$243,947
Eugene V Kanikovsky (Cfo)	$419,068	$0	$180,607
Greggory H Morrell (Vp Of Hr & C)	$400,149	$0	$106,942
Kathryn E Gloria (Vp Cor Comm)	$382,529	$0	$133,649
Micheal White (Vp Of Engine)	$354,947	$0	$74,949
Lonnie W Pennington (Mgr Trans &)	$244,602	$0	$131,750
Benjamin Dawson (Mgr, Subst/T)	$220,101	$0	$102,388
Jerry T Brown (Mgr Of Techn)	$207,108	$0	$79,604
Shaun T Lamar (Mgr Of Inf T)	$199,646	$0	$83,805
Craig S Balius (Mgr Of Safet)	$179,270	$0	$104,560
Michael Muffett (Trustee)	$34,603	$0	$0
Curtis Wynn (Ceo Incomi)	$34,580	$0	$910
Joyce Anderson (Trustee Se)	$33,353	$0	$0
Morgan Hatfield (Trustee)	$30,201	$0	$0
Gerald Anderson (Trustee Vi)	$28,003	$0	$0
Joseph Kusiak (Trustee)	$25,903	$0	$0
Scott Boyatt (Trustee)	$22,203	$0	$0
Richard Dennison (Trustee Pr)	$21,803	$0	$0
William James Jr (Trustee)	$21,503	$0	$0
Ray F Vick (Trustee Th)	$10,799	$0	$0
Jerry D Hatfield (Trustee Th)	$503	$0	$0

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990

Filed on Sept. 21, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$424,311,848

Expenses

$407,892,541

Net Income

$16,419,307

Net Assets

$302,498,596

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$69,095	0.0%
Program Services	$423,376,867	99.8%
Investment Income	$451,687	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$30,097	0.0%
Net Fundraising	$0
Sales of Assets	$384,102	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$4,406,412	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,590,502	0.4%

Assets/Debt
Total Assets	$900,033,803
Total Liabilities	$597,535,207
Net Assets	$302,498,596

Club or Co-Op Income
Income From Members	$419,950,671
Income From Other Sources	$1,036,854

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James P Duncan (Ceo)	$1,106,380	$0	$93,051
Roland B Brickhouse Exiting (Vp Of Engine)	$469,433	$0	$24,610
John Laselva (Vp Of Operat)	$446,434	$0	$217,481
Eugene V Kanikovsky (Cfo)	$413,963	$0	$154,591
Greggory H Morrell (Vp Of Hr & C)	$376,363	$0	$97,558
Kathryn E Gloria (Vp Cor Comm)	$375,978	$0	$126,122
Micheal White Entering (Vp Of Engine)	$272,047	$0	$61,638
Roy K Fort (T&D Operatio)	$232,201	$0	$110,065
Lonnie W Pennington (Mgr Trans &)	$227,253	$0	$123,301
Thomas Mcdaniel (Controller)	$219,919	$0	$119,260
Shaun T Lamar (Mgr Of Inf T)	$186,219	$0	$87,592
Barbara Shaw (Mgr Of Key A)	$163,686	$0	$120,802
Gerald Anderson (Trustee Se)	$24,353	$0	$0
Joseph Kusiak (Trustee)	$22,103	$0	$0
Richard Dennison (Trustee Pr)	$18,303	$0	$0
Ray F Vick (Trustee)	$18,299	$0	$0
William James Jr (Trustee)	$17,803	$0	$0
Joyce Anderson (Trustee)	$16,352	$0	$0
Jerry D Hatfield (Trustee Vi)	$15,053	$0	$0
Michael Muffett (Trustee)	$15,052	$0	$0
Scott Boyatt (Trustee)	$14,153	$0	$0
Dillard B Boyatt (Trustee)	$4,501	$0	$0
Earl Muffett (Trustee)	$4,501	$0	$0

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990

Filed on Nov. 11, 2021

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2019

Revenue

$399,700,663

Expenses

$393,190,316

Net Income

$6,510,347

Net Assets

$278,356,819

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$51,997	0.0%
Program Services	$396,373,017	99.2%
Investment Income	$1,241,461	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$35,465	0.0%
Net Fundraising	$0
Sales of Assets	$1,998,723	0.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,928,438	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,418,609	0.4%

Assets/Debt
Total Assets	$876,209,912
Total Liabilities	$597,853,093
Net Assets	$278,356,819

Club or Co-Op Income
Income From Members	$391,899,733
Income From Other Sources	$1,994,332

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James P Duncan (Ceo)	$1,026,167	$0	$55,574
Roland B Brickhouse (Vp Of Engine)	$495,728	$0	$160,759
John Laselva (Vp Of Operat)	$422,348	$0	$174,943
Eugene V Kanikovsky (Cfo)	$362,387	$0	$130,824
Greggory H Morrell (Vp Of Hr & C)	$356,304	$0	$71,051
Kathryn E Gloria (Vp Cor Comm)	$342,591	$0	$113,214
Lonnie W Pennington (Mgr Trans &)	$221,319	$0	$118,553
Kenny J Rodrigue (Mgr Of Subst)	$200,022	$0	$71,199
Thomas Mcdaniel (Controller)	$188,594	$0	$106,562
Shaun T Lamar (Mgr Of Inf T)	$181,180	$0	$78,649
Barbara Shaw (Mgr Of Key A)	$162,619	$0	$89,789
Ray F Vick (Trustee)	$30,339	$0	$0
Joseph Kusiak (Trustee)	$27,803	$0	$0
Dillard B Boyatt (Trustee)	$27,302	$0	$0
Earl Muffett (Trustee)	$24,802	$0	$0
Richard Dennison (Trustee V.)	$23,803	$0	$0
William James Jr (Trustee Se)	$23,303	$0	$0
Scott Boyatt (Trustee)	$19,803	$0	$0
Jerry D Hatfield (Trustee Pres)	$17,803	$0	$0
Gerald Anderson (Trustee)	$14,801	$0	$0
Richard Belles (Trustee)	$6,501	$0	$0

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990

Filed on Oct. 27, 2020

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Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

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Fiscal Year Ending Dec.
2018

Revenue

$394,595,639

Expenses

$391,396,436

Net Income

$3,199,203

Net Assets

$263,113,825

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$54,885	0.0%
Program Services	$393,334,437	99.7%
Investment Income	$899,223	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$35,158	0.0%
Net Fundraising	$0
Sales of Assets	$271,936	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,721,510	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,409,296	0.4%

Assets/Debt
Total Assets	$838,159,410
Total Liabilities	$575,045,585
Net Assets	$263,113,825

Club or Co-Op Income
Income From Members	$389,793,663
Income From Other Sources	$1,699,461

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James P Duncan (Ceo)	$921,382	$0	$113,515
John Laselva (Vp Of Operat)	$404,618	$0	$168,344
Roland B Brickhouse (Vp Of Engine)	$369,946	$0	$209,066
Eugene V Kanikovsky (Cfo)	$348,642	$0	$148,711
Kathryn E Gloria (Vp Cor Comm)	$331,340	$0	$101,832
Greggory H Morrell (Vp Of Hr & C)	$330,741	$0	$65,173
Lonnie W Pennington (Mgr Trans &)	$214,838	$0	$116,932
Kenny J Rodrigue (Mgr Of Subst)	$198,524	$0	$72,358
Thomas Mcdaniel (Controller)	$187,054	$0	$110,421
Shaun T Lamar (Mgr Of Inf T)	$173,504	$0	$80,416
Barbara Shaw (Mgr Of Key A)	$159,592	$0	$95,657
Richard Belles (Trustee)	$33,801	$0	$0
Dillard B Boyatt (Trustee)	$25,798	$0	$0
Ray F Vick Exiting (Trustee Pr)	$24,299	$0	$0
Richard Dennison Entering (Trustee V.)	$23,803	$0	$0
Scott Boyatt (Trustee)	$23,303	$0	$0
Jerry D Hatfield Entering (Trustee Pres)	$21,801	$0	$0
Earl Muffett (Trustee)	$21,798	$0	$0
William James Jr Entering (Trustee Se)	$20,799	$0	$0
Robin R Henion Exiting (Trustee Se)	$7,549	$0	$0
Joseph Kusiak (Trustee)	$5,251	$0	$0

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990

Filed on Nov. 13, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$370,783,876

Expenses

$369,589,950

Net Income

$1,193,926

Net Assets

$252,927,119

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$55,278	0.0%
Program Services	$370,018,749	99.8%
Investment Income	$645,508	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$35,401	0.0%
Net Fundraising	$0
Sales of Assets	$29,343	0.0%
Net Inventory Sales	-$403
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,534,501	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,335,585	0.4%

Assets/Debt
Total Assets	$797,423,758
Total Liabilities	$544,496,639
Net Assets	$252,927,119

Club or Co-Op Income
Income From Members	$366,457,434
Income From Other Sources	$1,452,569

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James P Duncan (Ceo)	$868,766	$0	$87,881
John Laselva (Vp Rel & Op)	$394,649	$0	$145,862
Roland B Brickhouse (Vp Eng)	$364,449	$0	$185,730
Eugene V Kanikovsky (Cfo)	$330,752	$0	$122,292
Greggory H Morrell (Vp Hr & Cor)	$328,234	$0	$58,997
Kathryn E Gloria (Vp Cor Comm)	$314,880	$0	$79,927
Lonnie W Pennington (Mgr Trans &)	$216,667	$0	$105,809
Kenny J Rodrigue (Mgr Subst &)	$192,924	$0	$56,450
Craig S Balius (Mgr Of Safet)	$182,438	$0	$60,183
Thomas Mcdaniel (Controller)	$175,824	$0	$101,073
Barbara Shaw (Mgr Of Key A)	$159,740	$0	$84,475
Ray F Vick (Trustee Pres)	$35,587	$0	$0
Richard Belles (Trustee)	$34,055	$0	$0
William James Jr (Trustee)	$30,866	$0	$0
Dillard B Boyatt (Trustee)	$29,110	$0	$0
Richard Dennison (Trustee)	$27,615	$0	$0
Scott Boyatt (Trustee)	$26,056	$0	$0
Jerry D Hatfield (Trustee V.P.)	$25,219	$0	$0
Earl Muffett (Trustee)	$23,562	$0	$0
Robin R Henion (Trustee Se)	$20,012	$0	$0

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990

Filed on Nov. 8, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$363,912,652

Expenses

$363,430,415

Net Income

$482,237

Net Assets

$244,680,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$54,053	0.0%
Program Services	$363,044,259	99.8%
Investment Income	$819,088	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$33,390	0.0%
Net Fundraising	$0
Sales of Assets	-$38,539
Net Inventory Sales	$401	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,225,386	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,212,964	0.3%

Assets/Debt
Total Assets	$743,096,562
Total Liabilities	$498,416,117
Net Assets	$244,680,445

Club or Co-Op Income
Income From Members	$359,810,938
Income From Other Sources	$1,298,654

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James P Duncan (Ceo)	$796,876	$0	$85,581
John Laselva (Vp Rel & Op)	$357,211	$0	$123,446
Roland B Brickhouse (Vp Eng & It)	$342,269	$0	$159,890
Eugene V Kanikovsky (Cfo)	$306,756	$0	$105,639
Greggory H Morrell (Vp Hr & Cor)	$298,212	$0	$56,225
Kathryn E Gloria (Vp Cor Comm)	$280,052	$0	$63,786
Lonnie W Pennington (Mgr Trans &)	$196,521	$0	$85,973
Thomas Mcdaniel (Controller)	$179,557	$0	$89,082
Kenny J Rodrigue (Mgr Subst &)	$168,963	$0	$52,028
Jerry T Brown (Mgr Of Techn)	$161,560	$0	$54,174
Barbara Shaw (Mgr Of Key A)	$149,043	$0	$76,061
Ray F Vick (Trustee Pres)	$33,992	$0	$0
Richard Belles (Trustee)	$32,996	$0	$0
William James Jr (Trustee)	$30,992	$0	$0
Richard Dennison (Trustee)	$27,996	$0	$0
Robin R Henion (Trustee Se)	$27,493	$0	$0
Dillard B Boyatt (Trustee)	$26,992	$0	$0
Scott Boyatt (Trustee)	$24,996	$0	$0
Earl Muffett (Trustee)	$23,492	$0	$0
Jerry D Hatfield (Trustee V.P.)	$20,494	$0	$0

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990

Filed on Nov. 10, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$375,983,823

Expenses

$367,892,484

Net Income

$8,091,339

Net Assets

$237,766,242

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$58,448	0.0%
Program Services	$375,054,766	99.8%
Investment Income	$728,422	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$28,417	0.0%
Net Fundraising	$0
Sales of Assets	$113,801	0.0%
Net Inventory Sales	-$31
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,262,545	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,244,654	0.3%

Assets/Debt
Total Assets	$724,709,744
Total Liabilities	$486,943,502
Net Assets	$237,766,242

Club or Co-Op Income
Income From Members	$371,513,472
Income From Other Sources	$1,510,971

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James P Duncan (Ceo)	$834,278	$0	$84,070
John Laselva (Vp Rel & Op)	$343,795	$0	$111,361
Roland B Brickhouse (Vp Eng & It)	$333,024	$0	$146,692
Eugene V Kanikovsky (Cfo)	$302,103	$0	$92,962
Greggory H Morrell (Vp Hr & Cor)	$278,990	$0	$59,319
Kathryn E Gloria (Vp Cor Comm)	$204,102	$0	$48,899
Michael J Roberge (Mgr Eng Srvs)	$197,530	$0	$78,411
Lonnie W Pennington (Mgr Trans &)	$193,683	$0	$74,412
Thomas Mcdaniel (Controller)	$174,975	$0	$83,907
Kenny J Rodrigue (Mgr Subst &)	$174,821	$0	$50,847
Barry Bowman (Dir Cor Comm)	$160,068	$0	$59,706
Daniel L Pearce (Mgr Cust Bil)	$150,622	$0	$65,446
Richard Belles (Trustee)	$28,410	$0	$0
Ray F Vick (Trustee Pres)	$27,956	$0	$0
Dillard B Boyatt (Trustee)	$27,899	$0	$0
William James Jr (Trustee)	$23,927	$0	$0
Earl Muffett (Trustee)	$22,863	$0	$0
Scott Boyatt (Trustee)	$20,898	$0	$0
Robin R Henion (Trustee Se)	$20,354	$0	$0
Jerry D Hatfield (Trustee V.P.)	$14,962	$0	$0
Richard Dennison (Trustee)	$11,905	$0	$0
James Holtz (Trustee)	$4,001	$0	$0

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990

Filed on Nov. 14, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$365,150,093

Expenses

$357,766,645

Net Income

$7,383,448

Net Assets

$221,716,417

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$59,561	0.0%
Program Services	$364,374,856	99.8%
Investment Income	$503,042	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$35,358	0.0%
Net Fundraising	$0
Sales of Assets	$177,339	0.0%
Net Inventory Sales	-$63
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,315,600	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,145,409	0.3%

Assets/Debt
Total Assets	$693,332,820
Total Liabilities	$471,616,403
Net Assets	$221,716,417

Club or Co-Op Income
Income From Members	$360,823,650
Income From Other Sources	$1,320,233

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James P Duncan (Ceo)	$968,498	$0	$90,136
John Laselva (Dir Rel & Op)	$329,340	$0	$91,492
Roland B Brickhouse (Dir Eng & It)	$315,077	$0	$119,055
Barry Bowman (Dir Cor Comm)	$284,469	$0	$62,961
Eugene V Kanikovsky (Cfo)	$264,853	$0	$68,828
Robert J Crowley (Mgr Tech Ser)	$203,454	$0	$29,520
Alex Markley (Dir Hr & Cor)	$199,059	$0	$8,233
Alan D Kimbley (Eng Srvs Sup)	$178,727	$0	$52,702
Michael J Roberge (Mgr Eng Srvs)	$169,246	$0	$64,494
Kenny J Rodrigue (Mgr Subst &)	$163,887	$0	$48,385
Thomas Mcdaniel (Controller)	$162,215	$0	$72,779
Greggory H Morrell (Dir Hr & Cor)	$155,072	$0	$30,657
Ted Purser (Cfo)	$90,774	$0	$10,570
Ray F Vick (Trustee Pres)	$39,502	$0	$0
Richard Belles (Trustee)	$36,752	$0	$0
William James Jr (Trustee)	$29,252	$0	$0
Dillard B Boyatt (Trustee)	$26,753	$0	$0
Earl Muffett (Trustee)	$25,753	$0	$0
Robin R Henion (Trustee)	$22,752	$0	$0
Scott Boyatt (Trustee)	$19,752	$0	$0
Jerry D Hatfield (Trustee V.P.)	$15,253	$0	$0
James Holtz (Trustee Se)	$10,753	$0	$0

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990

Filed on Aug. 13, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$341,327,105

Expenses

$331,300,444

Net Income

$10,026,661

Net Assets

$206,989,982

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$64,903	0.0%
Program Services	$340,999,335	99.9%
Investment Income	$116,667	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$24,421	0.0%
Net Fundraising	$0
Sales of Assets	$121,925	0.0%
Net Inventory Sales	-$146
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,770,536	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,133,640	0.3%

Assets/Debt
Total Assets	$653,670,992
Total Liabilities	$446,681,010
Net Assets	$206,989,982

Club or Co-Op Income
Income From Members	$337,084,803
Income From Other Sources	$815,677

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
James P Duncan (Ceo/ Gen Mgr)	$616,391	$0	$80,437
Alex Markley (Dir Hr & Cor)	$314,027	$0	$67,602
John Laselva (Dir Rel & Op)	$294,881	$0	$88,182
Ted Purser (Dir Accting)	$289,760	$0	$62,414
Barry Bowman (Dir Cor Comm)	$289,289	$0	$124,071
Roland B Brickhouse (Dir Eng & It)	$286,310	$0	$117,319
Nestor Reyes (Asst. Dir Of)	$234,308	$0	$14,372
Daniel L Pearce (Mgr.Consumer)	$169,080	$0	$53,005
Robert J Crowley (Mgr Tech Ser)	$169,043	$0	$41,191
Gary Gribbon (Mgr T&D Ops)	$166,056	$0	$57,347
Thomas Mcdaniel (Controller)	$158,552	$0	$70,686
Ray F Vick (Trustee Pres)	$21,317	$0	$0
Robin R Henion (Trustee)	$17,567	$0	$0
Dillard B Boyatt (Trustee)	$17,467	$0	$0
William James Jr (Trustee)	$17,267	$0	$0
Richard Belles (Trustee)	$15,167	$0	$0
Earl Muffett (Trustee)	$14,467	$0	$0
James Holtz (Trustee Se)	$12,967	$0	$0
Jerry D Hatfield (Trustee V.P.)	$11,917	$0	$0
Scott Boyatt (Trustee)	$9,000	$0	$0
Donald W Santee (Trustee Th)	$2,717	$0	$0

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990

Filed on Oct. 10, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$331,740,671

Expenses

$323,628,566

Net Income

$8,112,105

Net Assets

$195,084,976

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$61,468	0.0%
Program Services	$331,405,126	99.9%
Investment Income	$130,439	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$16,083	0.0%
Net Fundraising	$0
Sales of Assets	$127,730	0.0%
Net Inventory Sales	-$175
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,779,472	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$982,919	0.3%

Assets/Debt
Total Assets	$614,109,991
Total Liabilities	$419,025,015
Net Assets	$195,084,976

Club or Co-Op Income
Income From Members	$328,137,408
Income From Other Sources	$641,338

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$330,946,105

Expenses

$324,246,629

Net Income

$6,699,476

Net Assets

$184,137,783

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$66,841	0.0%
Program Services	$330,438,430	99.8%
Investment Income	$291,318	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$16,239	0.0%
Net Fundraising	$0
Sales of Assets	$132,735	0.0%
Net Inventory Sales	$542	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,406,237	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$934,949	0.3%

Assets/Debt
Total Assets	$584,378,175
Total Liabilities	$400,240,392
Net Assets	$184,137,783

Club or Co-Op Income
Income From Members	$327,231,006
Income From Other Sources	$823,125

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 »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated December 20, 2024

Sumter Electric Cooperative Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $483M (2023)

Expenses $472M (2023)

Total Assets $1.22B (2023)

Total Liabilities $856M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Revenue

$483M (2023)

Expenses

$472M (2023)

Total Assets

$1.22B (2023)

Total Liabilities

$856M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004