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Filing year 2023

MPD ELECTRIC COOPERATIVE INC

Florence, South Carolina·EIN 85-4014392·NTEE W80 · Public & Societal Benefit·501(c)(12)
Total revenue
$70.7M
Total assets
$373M
Total expenses
$74.5M
Reported officers
26
Mission

FROM 1/1/23 - 11/10/23: PROVIDING ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC. 501(C)(12) MEMBERS. FROM 11/10/23 - 12/31/23: PROVIDING COMPLETE ELECTRIC SERVICE TO THE FORMER MEMBERS OF PEE DEE ELECTRIC COOPERATIVE AND MARLBORO ELECTRIC COOPERATIVE. SEE SCH O AND MERGER DOCUMENTS ATTACHED.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 26 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

President (c
Above 90th percentile
$571k
$623k
Base
$571k
Bonus
Other
Benefits
Officer
Highest Compensated Employee
Above 90th percentile
$500k
$546k
Base
$500k
Bonus
Other
Benefits
CFO
75th to 90th percentile
$384k
$419k
Base
$384k
Bonus
Other
Benefits
Officer
Highest Compensated Employee
Above 90th percentile
$352k
$385k
Base
$352k
Bonus
Other
Benefits
Chief Consum
Highest Compensated Employee
Above 90th percentile
$347k
$379k
Base
$347k
Bonus
Other
Benefits
Vp, Accounti
Board Vice President
75th to 90th percentile
$346k
$377k
Base
$346k
Bonus
Other
Benefits
Chief Operat
Highest Compensated Employee
Above 90th percentile
$346k
$377k
Base
$227k
Bonus
$119k
Other
Benefits
Vice Chairma
Board Vice Chair
Median to 75th percentilevs all sectors nationwide
$18k
$19k
Director
Board Member
Median to 75th percentile
$17k
$19k
Director
Board Member
Median to 75th percentile
$17k
$18k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Secretary/tr
Officer (Unspecified)
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Chairman
Board Chair
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$7k
$8k

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.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MPD ELECTRIC COOPERATIVE INC equaled 0.8% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2023)
0.8%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MPD ELECTRIC COOPERATIVE INC

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

In 2023, the Chief Executive Officer of MPD ELECTRIC COOPERATIVE INC received $570,863 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Public & Societal Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

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

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2023 pay of the Chief Executive Officer at MPD ELECTRIC COOPERATIVE INC falls in the top 10%. In 2023, the highest total compensation at MPD ELECTRIC COOPERATIVE INC equaled 0.8% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are MPD ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2023, MPD ELECTRIC COOPERATIVE INC reported $70.7M in total revenue and $74.5M in total expenses on its IRS Form 990.

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