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LAURENS ELECTRIC COOPERATIVE INC

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Public IRS 990 nonprofit record

LAURENS ELECTRIC COOPERATIVE INC

EIN 57-0196563 · Public Utilities (W80)

What they do

to 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.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$100.00spent for every $100 of revenueRevenue covered expenses this year.
$2.06in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $441,278 for MATTHEW D STANLEY (PRES & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$163,057,774
Expenses$163,057,774
See all reported dollar amounts
Revenue$163,057,774
Expenses$163,057,774
Assets$335,703,725
Income$164,269,995
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MATTHEW D STANLEYPRES & CEO · 50 hrs/week $441,278Base $325,606 · Other $115,672
NATHAN BROWNVP-ENGINEER& · 50 hrs/week $357,473Base $247,383 · Other $110,090
JIM DONAHOOVP MARKETING · 50 hrs/week $323,289Base $220,340 · Other $102,949
CHAD ARMSTRONGVP OF HUMAN · 50 hrs/week $320,449Base $218,861 · Other $101,588
CHRISTOPHER J MIERSVP,MEMBER SE · 50 hrs/week $306,772Base $208,045 · Other $98,727
DANIEL OTTVP OF IT · 50 hrs/week $258,649Base $173,559 · Other $85,090
MARCUS COOKTRUSTEE · 5 hrs/week $59,893
JOE T NICHOLSONTRUSTEE · 5 hrs/week $36,225
MITCHELL POWERSSECRETARY/TR · 5 hrs/week $35,038
CHARLES E ADAIRCHAIRMAN · 5 hrs/week $33,194
WILLIAM HENDRIXVICE CHAIRMA · 5 hrs/week $29,753
EDDIE ABRAMSTRUSTEE · 5 hrs/week $27,698

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

MATTHEW D STANLEYPRES & CEO

NATHAN BROWNVP-ENGINEER&

JIM DONAHOOVP MARKETING

CHAD ARMSTRONGVP OF HUMAN

CHRISTOPHER J MIERSVP,MEMBER SE

DANIEL OTTVP OF IT

MARCUS COOKTRUSTEE

JOE T NICHOLSONTRUSTEE

MITCHELL POWERSSECRETARY/TR

CHARLES E ADAIRCHAIRMAN

WILLIAM HENDRIXVICE CHAIRMA

EDDIE ABRAMSTRUSTEE

JIMMIE PERRYTRUSTEE

REID FISHERTRUSTEE

JANICE CUNNINGHAMTRUSTEE

About this charity

Recognized since
January 1942
Location
PO BOX 700, LAURENS, SC 29360
County
Laurens
In care of
MATTHEW D STANLEY
Primary officer
MATTHEW D STANLEY, PRES & CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
NTEE classification
Public Utilities (W80)
IRS tax category
Public Utilities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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