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Filing year 2023

PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM

Columbia, South Carolina·EIN 57-0873176·501(c)(3)
Total revenue
$4.1M
Total assets
$3.1M
Total expenses
$4.1M
Reported officers
23
Mission

PALMETTO ECONOMIC DEVELOPMENT CORPORATION IS THE ECONOMIC DEVELOPMENT ALLIANCE OF THE STATE'S 19 ELECTRIC COOPERATIVES. TOGETHER THEY PROVIDE POWER TO MORE THAN 2 MILLION SOUTH CAROLINIANS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 21 reported individuals · Filing year 2023

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

President and CEO
Above 90th percentile
$480k
$524k
Base
$350k
Bonus
$7k
Other
Benefits
$32k
Non-voting Ex- Officio
Board Member
Above 90th percentile
$447k
$488k
Sr VP Community Preparedne
Board Vice President
Above 90th percentile
$339k
$370k
Base
$255k
Bonus
$6k
Other
Benefits
$25k
Sr VP Global Business
Board Vice President
75th to 90th percentile
$279k
$304k
Base
$205k
Bonus
$5k
Other
Benefits
$30k
Director of Site Developme
Highest Compensated Employee
25th percentile to median
$150k
$164k
Base
$115k
Bonus
$620
Other
$4k
Benefits
$17k
Senior Project Manager
Project Manager
Median to 75th percentile
$147k
$160k
Senior Project Manager
Project Manager
Median to 75th percentile
$146k
$160k
Trustee
Board Member
25th percentile to median
$11k
$12k
Trustee
Board Member
25th percentile to median
$9k
$10k
Voting Ex-officio
Board Member
25th percentile to median
$9k
$9k
Trustee
Board Member
25th percentile to median
$6k
$7k
Trustee
Board Member
25th percentile to median
$6k
$7k
Chairman
Board Chair
10th to 25th percentile
$5k
$5k
Trustee
Board Member
10th to 25th percentile
$4k
$5k
Trustee
Board Member
10th to 25th percentile
$4k
$5k
Trustee
Board Member
10th to 25th percentile
$4k
$5k
Trustee
Board Member
10th to 25th percentile
$4k
$5k
Trustee
Board Member
10th to 25th percentile
$4k
$4k
Trustee
Board Member
10th to 25th percentile
$3k
$3k
Vice Chairman
Board Vice Chair
10th to 25th percentile
$2k
$3k
Trustee
Board Member
10th to 25th percentile
$2k
$2k

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.

FAQ

Common questions about PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM

What does the Chief Executive Officer of PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM earn?

In 2023, the Chief Executive Officer of PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM received $479,810 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 PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM falls in the top 10%.

What are PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM's revenue and expenses?

In 2023, PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM reported $4.1M in total revenue and $4.1M in total expenses on its IRS Form 990.

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