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Filing year 2024

CENTRAL ELECTRIC POWER COOPERATIVE INC

Columbia, South Carolina·EIN 57-0299350·501(c)(12)
Total revenue
$1.6B
Total assets
$558.9M
Total expenses
$1.6B
Reported officers
53
Mission

CENTRAL IS A GENERATION AND TRANSMISSION (G&T) COOPERATIVE SUPPLYING POWER TO NINETEEN MEMBER DISTRIBUTION COOPERATIVES IN SOUTH CAROLINA. CENTRAL CONSTRUCTS TRANSMISSION TAP LINES TO SERVE SUBSTATIONS OWNED BY THE DISTRIBUTION COOPERATIVES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 51 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
Above 90th percentile
$1.5M
$1.6M
Base
$976k
Bonus
$20k
Other
$21k
Benefits
$32k
SVP of Administration & CFO
Above 90th percentile
$537k
$569k
Base
$397k
Bonus
$11k
Other
Benefits
$31k
EVP of Member Services
Executive Vice President
75th to 90th percentile
$523k
$554k
Base
$386k
Bonus
$11k
Other
Benefits
$30k
SVP of Engineering & Eng Svcs
Senior Vice President
75th to 90th percentile
$435k
$461k
Base
$273k
Bonus
$8k
Other
Benefits
$29k
SVP of Planning & Power Supply
Senior Vice President
75th to 90th percentile
$434k
$460k
Base
$330k
Bonus
$1k
Other
Benefits
$25k
Dir of Transmission Design & Constr
Highest Compensated Employee
75th to 90th percentile
$353k
$374k
Base
$179k
Bonus
$3k
Other
Benefits
$24k
Director of Engineering
Highest Compensated Employee
75th to 90th percentile
$313k
$332k
Base
$223k
Bonus
$4k
Other
Benefits
$14k
Director of Power Supply
Highest Compensated Employee
75th to 90th percentile
$310k
$328k
Base
$206k
Bonus
$3k
Other
$160
Benefits
$25k
Director of Right of Way Services
Highest Compensated Employee
75th to 90th percentile
$269k
$285k
Base
$168k
Bonus
$8k
Other
$2k
Benefits
$17k
Corporate Controller
Controller
Above 90th percentile
$260k
$276k
Base
$183k
Bonus
$7k
Other
Benefits
$18k
VP of Planning and Power Supply
Board Vice President
75th to 90th percentile
$237k
$251k
Base
$189k
Bonus
$3k
Other
Benefits
$24k
Chairman
Board Chair
Median to 75th percentile
$44k
$47k
Vice Chairman
Board Vice Chair
Median to 75th percentile
$40k
$43k
Trustee
Board Member
Median to 75th percentile
$30k
$32k
Trustee
Board Member
Median to 75th percentile
$25k
$26k
Chairman
Board Chair
25th percentile to median
$25k
$26k
Trustee
Board Member
Median to 75th percentile
$21k
$23k
Trustee
Board Member
Median to 75th percentile
$21k
$22k
Trustee
Board Member
Median to 75th percentile
$20k
$22k
Trustee
Board Member
Median to 75th percentile
$20k
$22k
Secretary
Officer (Unspecified)
$19k
$21k
Trustee
Board Member
Median to 75th percentile
$18k
$19k
Trustee
Board Member
Median to 75th percentile
$18k
$19k
Trustee
Board Member
Median to 75th percentile
$18k
$19k
Trustee
Board Member
Median to 75th percentile
$17k
$18k
Trustee
Board Member
Median to 75th percentile
$17k
$18k
Trustee
Board Member
Median to 75th percentile
$17k
$18k
Trustee
Board Member
Median to 75th percentile
$17k
$18k
Trustee
Board Member
25th percentile to median
$16k
$17k
Trustee
Board Member
25th percentile to median
$15k
$16k
Trustee
Board Member
25th percentile to median
$14k
$15k
Trustee
Board Member
25th percentile to median
$14k
$15k
Trustee
Board Member
25th percentile to median
$13k
$14k
Trustee
Board Member
25th percentile to median
$13k
$14k
Trustee
Board Member
25th percentile to median
$13k
$13k
Trustee
Board Member
25th percentile to median
$12k
$13k
Trustee
Board Member
25th percentile to median
$12k
$12k
Trustee
Board Member
25th percentile to median
$12k
$12k
Trustee
Board Member
25th percentile to median
$11k
$12k
Trustee
Board Member
25th percentile to median
$11k
$12k
Trustee
Board Member
25th percentile to median
$11k
$11k
Trustee
Board Member
25th percentile to median
$11k
$11k
Trustee
Board Member
25th percentile to median
$10k
$11k
Trustee
Board Member
25th percentile to median
$10k
$11k
Trustee
Board Member
25th percentile to median
$10k
$10k
Trustee
Board Member
25th percentile to median
$9k
$9k
Trustee
Board Member
25th percentile to median
$9k
$9k
Trustee
Board Member
25th percentile to median
$7k
$7k
Trustee
Board Member
25th percentile to median
$5k
$6k
Trustee
Board Member
10th to 25th percentile
$4k
$4k
Trustee
Board Member
Below 10th percentile
$745
$790

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 2 unpaid individuals.

Up 7%
from 2023

From $1.4M in 2023 to $1.5M in 2024.

$1.4M
2023
$1.5M
2024
In today's dollarsEst.
Up 4% in real terms$1.5M to $1.6M

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 7% from 2023 to 2024, while revenue rose 8%.

$1.4M in 2023 to $1.5M in 2024.
  • Chief Financial Officer pay fell 3% from 2023 to 2024.
  • Senior Vice President pay fell 7% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CENTRAL ELECTRIC POWER COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.5B
$1.5B
2023
$1.6B
$1.6B
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CENTRAL ELECTRIC POWER COOPERATIVE INC

What does the Chief Executive Officer of CENTRAL ELECTRIC POWER COOPERATIVE INC earn?

In 2024, the Chief Executive Officer of CENTRAL ELECTRIC POWER COOPERATIVE INC received $1,504,812 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at CENTRAL ELECTRIC POWER COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at CENTRAL ELECTRIC POWER COOPERATIVE INC falls in the top 10%.

What are CENTRAL ELECTRIC POWER COOPERATIVE INC's revenue and expenses?

In 2024, CENTRAL ELECTRIC POWER COOPERATIVE INC reported $1.6B in total revenue and $1.6B in total expenses on its IRS Form 990.

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