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Employer Identification Number 57-0873176

PALMETTO ECONOMIC DEVELOPMENT CORP. is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:PALMETTO ECONOMIC DEVELOPMENT CORP.
Employer identification number (EIN):57-0873176
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:221100
401k Pension/Benefits registration PALMETTO ECONOMIC DEVELOPMENT CORP. 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 StatementPALMETTO ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT ALLIANCE OF THE STATE'S 20 ELECTRIC COOPERATIVES. TOGETHER THEY PROVIDE POWER TO MORE THAN 2 MILLION SOUTH CAROLINIANS.
Number of Employees13
Number of Volunteers0
Year Formed1988

Organization Governance

Legal DomicileSC
Voting Members - Governing Body12
Voting Members - Independent12

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,697,200
Program Service Revenue from current yearUSD $ 4,175,000
Investment Income from prior yearUSD $ 150,269
Investment Income from current yearUSD $ -28,310
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 6,811,456
Net assets / fund balances at end of fiscal yearUSD $ 1,922,026
Net assets / fund balances at beginning of fiscal yearUSD $ 1,873,787
Total liabilities at end of fiscal yearUSD $ 1,182,177
Total liabilities at beginning of fiscal yearUSD $ 1,238,208
Total assets at end of fiscal yearUSD $ 3,104,203
Total assets at beginning of fiscal yearUSD $ 3,111,995
Revenues less expenses for current yearUSD $ 27,379
Revenues less expenses for previous yearUSD $ 152,074
Total expenses for current yearUSD $ 4,119,311
Total expenses for previous yearUSD $ 3,695,395
Other expenses in current yearUSD $ 1,844,703
Other expenses in previous yearUSD $ 1,603,492
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,116,169
Employee salary and benefits paid in previous yearUSD $ 2,090,689
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 158,439
Grants and similar amounts paid in previous yearUSD $ 1,214
Total revenue in current fiscal yearUSD $ 4,146,690
Total revenue in previous fiscal yearUSD $ 3,847,469
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,331,400
Program Service Revenue from current yearUSD $ 3,697,200
Investment Income from prior yearUSD $ 92,681
Investment Income from current yearUSD $ 150,269
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 6,045,789
Net assets / fund balances at end of fiscal yearUSD $ 1,873,787
Net assets / fund balances at beginning of fiscal yearUSD $ 2,158,202
Total liabilities at end of fiscal yearUSD $ 1,238,208
Total liabilities at beginning of fiscal yearUSD $ 133,422
Total assets at end of fiscal yearUSD $ 3,111,995
Total assets at beginning of fiscal yearUSD $ 2,291,624
Revenues less expenses for current yearUSD $ 152,074
Revenues less expenses for previous yearUSD $ 186,408
Total expenses for current yearUSD $ 3,695,395
Total expenses for previous yearUSD $ 3,237,673
Other expenses in current yearUSD $ 1,603,492
Other expenses in previous yearUSD $ 1,220,283
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,090,689
Employee salary and benefits paid in previous yearUSD $ 1,967,390
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,214
Grants and similar amounts paid in previous yearUSD $ 50,000
Total revenue in current fiscal yearUSD $ 3,847,469
Total revenue in previous fiscal yearUSD $ 3,424,081
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,081,000
Program Service Revenue from current yearUSD $ 3,331,400
Investment Income from prior yearUSD $ 71,652
Investment Income from current yearUSD $ 92,681
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,424,081
Net assets / fund balances at end of fiscal yearUSD $ 2,158,202
Net assets / fund balances at beginning of fiscal yearUSD $ 1,828,157
Total liabilities at end of fiscal yearUSD $ 133,422
Total liabilities at beginning of fiscal yearUSD $ 126,392
Total assets at end of fiscal yearUSD $ 2,291,624
Total assets at beginning of fiscal yearUSD $ 1,954,549
Revenues less expenses for current yearUSD $ 186,408
Revenues less expenses for previous yearUSD $ 433,994
Total expenses for current yearUSD $ 3,237,673
Total expenses for previous yearUSD $ 2,718,658
Other expenses in current yearUSD $ 1,220,283
Other expenses in previous yearUSD $ 1,020,421
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,967,390
Employee salary and benefits paid in previous yearUSD $ 1,670,907
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 50,000
Grants and similar amounts paid in previous yearUSD $ 27,330
Total revenue in current fiscal yearUSD $ 3,424,081
Total revenue in previous fiscal yearUSD $ 3,152,652
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,425,000
Program Service Revenue from current yearUSD $ 3,081,000
Investment Income from prior yearUSD $ 76,037
Investment Income from current yearUSD $ 71,652
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,159,274
Net assets / fund balances at end of fiscal yearUSD $ 1,828,157
Net assets / fund balances at beginning of fiscal yearUSD $ 1,678,298
Total liabilities at end of fiscal yearUSD $ 126,392
Total liabilities at beginning of fiscal yearUSD $ 239,856
Total assets at end of fiscal yearUSD $ 1,954,549
Total assets at beginning of fiscal yearUSD $ 1,918,154
Revenues less expenses for current yearUSD $ 433,994
Revenues less expenses for previous yearUSD $ 318,347
Total expenses for current yearUSD $ 2,718,658
Total expenses for previous yearUSD $ 3,182,690
Other expenses in current yearUSD $ 1,020,421
Other expenses in previous yearUSD $ 1,582,077
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,670,907
Employee salary and benefits paid in previous yearUSD $ 1,488,733
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 27,330
Grants and similar amounts paid in previous yearUSD $ 111,880
Total revenue in current fiscal yearUSD $ 3,152,652
Total revenue in previous fiscal yearUSD $ 3,501,037
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,835,500
Program Service Revenue from current yearUSD $ 3,425,000
Investment Income from prior yearUSD $ 649,901
Investment Income from current yearUSD $ 76,037
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,825,672
Net assets / fund balances at end of fiscal yearUSD $ 1,678,298
Net assets / fund balances at beginning of fiscal yearUSD $ 1,435,974
Total liabilities at end of fiscal yearUSD $ 239,856
Total liabilities at beginning of fiscal yearUSD $ 176,911
Total assets at end of fiscal yearUSD $ 1,918,154
Total assets at beginning of fiscal yearUSD $ 1,612,885
Revenues less expenses for current yearUSD $ 318,347
Revenues less expenses for previous yearUSD $ 627,279
Total expenses for current yearUSD $ 3,182,690
Total expenses for previous yearUSD $ 3,858,122
Other expenses in current yearUSD $ 1,582,077
Other expenses in previous yearUSD $ 1,803,643
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,488,733
Employee salary and benefits paid in previous yearUSD $ 1,798,831
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 111,880
Grants and similar amounts paid in previous yearUSD $ 255,648
Total revenue in current fiscal yearUSD $ 3,501,037
Total revenue in previous fiscal yearUSD $ 4,485,401
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,985,350
Program Service Revenue from current yearUSD $ 3,028,866
Investment Income from prior yearUSD $ 49,784
Investment Income from current yearUSD $ 61,647
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,090,513
Net assets / fund balances at end of fiscal yearUSD $ 131,215
Net assets / fund balances at beginning of fiscal yearUSD $ 413,215
Total liabilities at end of fiscal yearUSD $ 0
Total liabilities at beginning of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 131,215
Total assets at beginning of fiscal yearUSD $ 413,215
Revenues less expenses for current yearUSD $ -220,353
Revenues less expenses for previous yearUSD $ 276,745
Total expenses for current yearUSD $ 3,310,866
Total expenses for previous yearUSD $ 3,758,389
Other expenses in current yearUSD $ 1,400,034
Other expenses in previous yearUSD $ 1,458,755
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,844,475
Employee salary and benefits paid in previous yearUSD $ 1,933,773
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 66,357
Grants and similar amounts paid in previous yearUSD $ 365,861
Total revenue in current fiscal yearUSD $ 3,090,513
Total revenue in previous fiscal yearUSD $ 4,035,134
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
2015-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,295,226
Program Service Revenue from current yearUSD $ 3,985,350
Investment Income from prior yearUSD $ 19,700
Investment Income from current yearUSD $ 49,784
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,035,134
Net assets / fund balances at end of fiscal yearUSD $ 413,215
Net assets / fund balances at beginning of fiscal yearUSD $ 186,252
Total liabilities at end of fiscal yearUSD $ 0
Total assets at end of fiscal yearUSD $ 413,215
Total assets at beginning of fiscal yearUSD $ 186,252
Revenues less expenses for current yearUSD $ 276,745
Revenues less expenses for previous yearUSD $ 86,481
Total expenses for current yearUSD $ 3,758,389
Total expenses for previous yearUSD $ 3,228,445
Other expenses in current yearUSD $ 1,458,755
Other expenses in previous yearUSD $ 1,329,648
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,933,773
Employee salary and benefits paid in previous yearUSD $ 1,706,113
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 365,861
Grants and similar amounts paid in previous yearUSD $ 192,684
Total revenue in current fiscal yearUSD $ 4,035,134
Total revenue in previous fiscal yearUSD $ 3,314,926
Contributions and grants from current yearUSD $ 0

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 570873176

USA Mailing Address
1201 MAIN STREET, STE 1710
COLUMBIA
SC
29201
Date first seen: 2007-01-01
Date last seen: 2025-09-30
USA Location Address
1201 MAIN STREET, STE 1710
COLUMBIA
SC
29201
Date first seen: 2007-01-01
Date last seen: 2025-09-30
USA Mailing Address
1201 MAIN ST STE 1710
COLUMBIA
SC
292013293
Date first seen: 2017-07-31
Date last seen: 2018-07-29
USA Location Address
1201 MAIN ST STE 1710
COLUMBIA
SC
292013293
Date first seen: 2017-07-31
Date last seen: 2018-07-29
USA Location Address
1201 MAIN ST
1201 MAIN ST
COLUMBIA
SC
29201
Date first seen: 2007-01-01
Date last seen: 2025-09-22
401k Sponsor USA Address
1201 MAIN ST
SUITE 1710
COLUMBIA
SC
29201
Date first seen: 2007-01-01
Date last seen: 2025-09-22
USA 401k Admin Address
20 COOPERATIVE WAY
COLUMBIA
SC
SC
Date first seen: 2024-10-01
Date last seen: 2025-09-22
Sponsoring Company USA Location Address
1201 MAIN ST
SUITE 1710
COLUMBIA
SC
29201
Date first seen: 2007-01-01
Date last seen: 2025-09-22

Nearby companies/organizations

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

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