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Employer Identification Number 57-0196563

LAURENS ELECTRIC COOPERATIVE, INC. is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:LAURENS ELECTRIC COOPERATIVE, INC.
Employer identification number (EIN):57-0196563
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:221100
401k Pension/Benefits registration LAURENS ELECTRIC COOPERATIVE, INC. 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO 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.
Number of Employees157
Year Formed1939

Organization Governance

Legal DomicileSC
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 1,124,306
Program Service Revenue from prior yearUSD $ 139,164,723
Program Service Revenue from current yearUSD $ 146,459,615
Investment Income from prior yearUSD $ 37,845
Investment Income from current yearUSD $ 90,576
Other Revenue from prior yearUSD $ 1,705,939
Other Revenue from current yearUSD $ 1,484,915
Gross receipts from all sourcesUSD $ 149,244,306
Net assets / fund balances at end of fiscal yearUSD $ 104,376,219
Net assets / fund balances at beginning of fiscal yearUSD $ 104,962,488
Total liabilities at end of fiscal yearUSD $ 185,387,810
Total liabilities at beginning of fiscal yearUSD $ 182,970,756
Total assets at end of fiscal yearUSD $ 289,764,029
Total assets at beginning of fiscal yearUSD $ 287,933,244
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 148,035,106
Total expenses for previous yearUSD $ 144,172,807
Other expenses in current yearUSD $ 144,123,146
Other expenses in previous yearUSD $ 132,191,668
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 950,987
Employee salary and benefits paid in previous yearUSD $ 935,118
Benefits paid to or for members in current yearUSD $ 2,960,973
Benefits paid to or for members in previous yearUSD $ 11,046,021
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 148,035,106
Total revenue in previous fiscal yearUSD $ 144,172,807
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 3,264,300
Cost of goods soldUSD $ 1,209,200
Gross sales of inventory assetsUSD $ 2,333,506
Total of other revenueUSD $ 360,609
2021-12-31
Total unrelated business incomeUSD $ 1,067,118
Program Service Revenue from prior yearUSD $ 136,781,801
Program Service Revenue from current yearUSD $ 139,164,723
Investment Income from prior yearUSD $ 137,423
Investment Income from current yearUSD $ 37,845
Other Revenue from prior yearUSD $ 2,193,498
Other Revenue from current yearUSD $ 1,705,939
Gross receipts from all sourcesUSD $ 145,417,255
Net assets / fund balances at end of fiscal yearUSD $ 104,962,488
Net assets / fund balances at beginning of fiscal yearUSD $ 90,510,623
Total liabilities at end of fiscal yearUSD $ 182,970,756
Total liabilities at beginning of fiscal yearUSD $ 176,168,967
Total assets at end of fiscal yearUSD $ 287,933,244
Total assets at beginning of fiscal yearUSD $ 266,679,590
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 144,172,807
Total expenses for previous yearUSD $ 139,112,722
Other expenses in current yearUSD $ 132,191,668
Other expenses in previous yearUSD $ 130,901,900
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 935,118
Employee salary and benefits paid in previous yearUSD $ 883,277
Benefits paid to or for members in current yearUSD $ 11,046,021
Benefits paid to or for members in previous yearUSD $ 7,327,545
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 144,172,807
Total revenue in previous fiscal yearUSD $ 139,112,722
Contributions and grants from current yearUSD $ 3,264,300
Cost of goods soldUSD $ 1,244,448
Gross sales of inventory assetsUSD $ 2,311,566
Total of other revenueUSD $ 638,821
2020-12-31
Total unrelated business incomeUSD $ 1,970,508
Program Service Revenue from prior yearUSD $ 139,777,896
Program Service Revenue from current yearUSD $ 136,781,801
Investment Income from prior yearUSD $ 873,112
Investment Income from current yearUSD $ 137,423
Other Revenue from prior yearUSD $ 1,558,400
Other Revenue from current yearUSD $ 2,193,498
Gross receipts from all sourcesUSD $ 141,145,428
Net assets / fund balances at end of fiscal yearUSD $ 90,510,623
Net assets / fund balances at beginning of fiscal yearUSD $ 74,926,602
Total liabilities at end of fiscal yearUSD $ 176,168,967
Total liabilities at beginning of fiscal yearUSD $ 167,451,285
Total assets at end of fiscal yearUSD $ 266,679,590
Total assets at beginning of fiscal yearUSD $ 242,377,887
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 139,112,722
Total expenses for previous yearUSD $ 142,209,408
Other expenses in current yearUSD $ 130,901,900
Other expenses in previous yearUSD $ 134,534,931
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 883,277
Employee salary and benefits paid in previous yearUSD $ 903,401
Benefits paid to or for members in current yearUSD $ 7,327,545
Benefits paid to or for members in previous yearUSD $ 6,771,076
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 139,112,722
Total revenue in previous fiscal yearUSD $ 142,209,408
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 2,032,706
Gross sales of inventory assetsUSD $ 4,003,214
Total of other revenueUSD $ 222,990
2019-12-31
Total unrelated business incomeUSD $ 1,419,698
Program Service Revenue from prior yearUSD $ 142,074,300
Program Service Revenue from current yearUSD $ 139,777,896
Investment Income from prior yearUSD $ 1,206,547
Investment Income from current yearUSD $ 873,112
Other Revenue from prior yearUSD $ 1,598,701
Other Revenue from current yearUSD $ 1,558,400
Gross receipts from all sourcesUSD $ 144,291,246
Net assets / fund balances at end of fiscal yearUSD $ 74,926,602
Net assets / fund balances at beginning of fiscal yearUSD $ 72,024,214
Total liabilities at end of fiscal yearUSD $ 167,451,285
Total liabilities at beginning of fiscal yearUSD $ 153,295,486
Total assets at end of fiscal yearUSD $ 242,377,887
Total assets at beginning of fiscal yearUSD $ 225,319,700
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 142,209,408
Total expenses for previous yearUSD $ 144,879,548
Other expenses in current yearUSD $ 134,534,931
Other expenses in previous yearUSD $ 133,736,532
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 903,401
Employee salary and benefits paid in previous yearUSD $ 980,960
Benefits paid to or for members in current yearUSD $ 6,771,076
Benefits paid to or for members in previous yearUSD $ 10,162,056
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 142,209,408
Total revenue in previous fiscal yearUSD $ 144,879,548
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 2,081,838
Gross sales of inventory assetsUSD $ 3,501,536
Total of other revenueUSD $ 138,702
2018-12-31
Total unrelated business incomeUSD $ 1,570,213
Program Service Revenue from prior yearUSD $ 130,091,294
Program Service Revenue from current yearUSD $ 142,074,300
Investment Income from prior yearUSD $ 1,313,787
Investment Income from current yearUSD $ 1,206,547
Other Revenue from prior yearUSD $ 1,682,932
Other Revenue from current yearUSD $ 1,598,701
Gross receipts from all sourcesUSD $ 146,801,431
Net assets / fund balances at end of fiscal yearUSD $ 72,024,214
Net assets / fund balances at beginning of fiscal yearUSD $ 65,473,663
Total liabilities at end of fiscal yearUSD $ 153,295,486
Total liabilities at beginning of fiscal yearUSD $ 151,924,493
Total assets at end of fiscal yearUSD $ 225,319,700
Total assets at beginning of fiscal yearUSD $ 217,398,156
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 144,879,548
Total expenses for previous yearUSD $ 133,088,013
Other expenses in current yearUSD $ 133,736,532
Other expenses in previous yearUSD $ 126,540,160
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 980,960
Employee salary and benefits paid in previous yearUSD $ 920,545
Benefits paid to or for members in current yearUSD $ 10,162,056
Benefits paid to or for members in previous yearUSD $ 5,627,308
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 144,879,548
Total revenue in previous fiscal yearUSD $ 133,088,013
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 1,921,883
Gross sales of inventory assetsUSD $ 3,492,096
Total of other revenueUSD $ 28,488
2017-12-31
Total unrelated business incomeUSD $ 1,629,910
Program Service Revenue from prior yearUSD $ 129,059,377
Program Service Revenue from current yearUSD $ 130,091,294
Investment Income from prior yearUSD $ 993,546
Investment Income from current yearUSD $ 1,313,787
Other Revenue from prior yearUSD $ 1,741,650
Other Revenue from current yearUSD $ 1,682,932
Gross receipts from all sourcesUSD $ 135,043,816
Net assets / fund balances at end of fiscal yearUSD $ 65,473,663
Net assets / fund balances at beginning of fiscal yearUSD $ 60,634,653
Total liabilities at end of fiscal yearUSD $ 151,924,493
Total liabilities at beginning of fiscal yearUSD $ 150,040,097
Total assets at end of fiscal yearUSD $ 217,398,156
Total assets at beginning of fiscal yearUSD $ 210,674,750
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 133,088,013
Total expenses for previous yearUSD $ 131,794,573
Other expenses in current yearUSD $ 126,540,160
Other expenses in previous yearUSD $ 124,664,444
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 920,545
Employee salary and benefits paid in previous yearUSD $ 879,479
Benefits paid to or for members in current yearUSD $ 5,627,308
Benefits paid to or for members in previous yearUSD $ 6,250,650
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 133,088,013
Total revenue in previous fiscal yearUSD $ 131,794,573
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 1,955,803
Gross sales of inventory assetsUSD $ 3,585,713
Total of other revenueUSD $ 53,022
2016-12-31
Total unrelated business incomeUSD $ 1,586,630
Program Service Revenue from prior yearUSD $ 125,777,762
Program Service Revenue from current yearUSD $ 129,059,377
Investment Income from prior yearUSD $ 760,385
Investment Income from current yearUSD $ 993,546
Other Revenue from prior yearUSD $ 1,594,920
Other Revenue from current yearUSD $ 1,741,650
Gross receipts from all sourcesUSD $ 133,875,770
Net assets / fund balances at end of fiscal yearUSD $ 60,634,653
Net assets / fund balances at beginning of fiscal yearUSD $ 58,341,043
Total liabilities at end of fiscal yearUSD $ 150,040,097
Total liabilities at beginning of fiscal yearUSD $ 156,953,936
Total assets at end of fiscal yearUSD $ 210,674,750
Total assets at beginning of fiscal yearUSD $ 215,294,979
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 131,794,573
Total expenses for previous yearUSD $ 128,133,067
Other expenses in current yearUSD $ 124,664,444
Other expenses in previous yearUSD $ 119,561,520
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 879,479
Employee salary and benefits paid in previous yearUSD $ 833,324
Benefits paid to or for members in current yearUSD $ 6,250,650
Benefits paid to or for members in previous yearUSD $ 7,738,223
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 131,794,573
Total revenue in previous fiscal yearUSD $ 128,133,067
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 2,081,197
Gross sales of inventory assetsUSD $ 3,667,827
Total of other revenueUSD $ 155,020
2015-12-31
Total unrelated business incomeUSD $ 1,557,326
Program Service Revenue from prior yearUSD $ 126,308,305
Program Service Revenue from current yearUSD $ 125,777,762
Investment Income from prior yearUSD $ 614,138
Investment Income from current yearUSD $ 760,385
Other Revenue from prior yearUSD $ 1,562,590
Other Revenue from current yearUSD $ 1,594,920
Gross receipts from all sourcesUSD $ 130,200,329
Net assets / fund balances at end of fiscal yearUSD $ 58,341,043
Net assets / fund balances at beginning of fiscal yearUSD $ 52,613,179
Total liabilities at end of fiscal yearUSD $ 156,953,936
Total liabilities at beginning of fiscal yearUSD $ 148,520,239
Total assets at end of fiscal yearUSD $ 215,294,979
Total assets at beginning of fiscal yearUSD $ 201,133,418
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 128,133,067
Total expenses for previous yearUSD $ 128,485,033
Other expenses in current yearUSD $ 119,561,520
Other expenses in previous yearUSD $ 122,338,988
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 833,324
Employee salary and benefits paid in previous yearUSD $ 781,504
Benefits paid to or for members in current yearUSD $ 7,738,223
Benefits paid to or for members in previous yearUSD $ 5,364,541
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 128,133,067
Total revenue in previous fiscal yearUSD $ 128,485,033
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 2,067,262
Gross sales of inventory assetsUSD $ 3,624,588
Total of other revenueUSD $ 37,594
2014-12-31
Total unrelated business incomeUSD $ 1,468,898
Net unrelated business incomeUSD $ -177,503
Program Service Revenue from prior yearUSD $ 117,378,864
Program Service Revenue from current yearUSD $ 126,308,305
Investment Income from prior yearUSD $ 608,117
Investment Income from current yearUSD $ 614,138
Other Revenue from prior yearUSD $ 1,733,661
Other Revenue from current yearUSD $ 1,562,590
Gross receipts from all sourcesUSD $ 130,766,527
Net assets / fund balances at end of fiscal yearUSD $ 52,613,179
Net assets / fund balances at beginning of fiscal yearUSD $ 46,674,728
Total liabilities at end of fiscal yearUSD $ 148,520,239
Total liabilities at beginning of fiscal yearUSD $ 147,177,250
Total assets at end of fiscal yearUSD $ 201,133,418
Total assets at beginning of fiscal yearUSD $ 193,851,978
Revenues less expenses for current yearUSD $ 0
Total expenses for current yearUSD $ 128,485,033
Total expenses for previous yearUSD $ 119,720,642
Other expenses in current yearUSD $ 122,338,988
Other expenses in previous yearUSD $ 114,429,231
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 781,504
Employee salary and benefits paid in previous yearUSD $ 718,809
Benefits paid to or for members in current yearUSD $ 5,364,541
Benefits paid to or for members in previous yearUSD $ 4,572,602
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 128,485,033
Total revenue in previous fiscal yearUSD $ 119,720,642
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 2,281,494
Gross sales of inventory assetsUSD $ 3,750,392
Total of other revenueUSD $ 93,692

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 570196563

USA Mailing Address
2254 HIGHWAY 14
LAURENS
SC
29360
Date first seen: 2007-01-01
Date last seen: 2025-08-31
USA Location Address
2254 HIGHWAY 14
LAURENS
SC
29360
Date first seen: 2007-01-01
Date last seen: 2025-08-31
USA Mailing Address
PO BOX 700
LAURENS
SC
293600700
Date first seen: 2016-07-31
Date last seen: 2026-03-10
USA Location Address
PO BOX 700
LAURENS
SC
293600700
Date first seen: 2016-07-31
Date last seen: 2026-03-10

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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