2023-11-09T07:27:20-06:00 2022-12-31 570940019 BAUKNIGHT PIETRAS & STORMER PA 1501 MAIN ST SUITE 600 COLUMBIA SC 29201 990 2022-01-01 570873176 PALMETTO ECONOMIC DEVELOPMENT CORP DBA SOUTH CAROLINA POWER TEAM PALM 8032549211 1201 MAIN STREET 1710 COLUMBIA SC 29201 JAMES CHAVEZ PRESIDENT AND CEO 8032549211 2023-11-08 1 JAMES CHAVEZ XXX-XX-XXXX 1 SHELLIE S JOHNSON P00294226 8037718943 2023-11-08 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES CHAVEZ 1201 MAIN STREET SUITE 1710 COLUMBIA SC 29201 6045789 0 X WWW.SCPOWERTEAM.COM X 1988 SC PALMETTO 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. 15 14 11 0 0 0 0 0 3331400 3697200 92681 150269 0 0 3424081 3847469 50000 1214 0 0 1967390 2090689 0 0 0 1220283 1603492 3237673 3695395 186408 152074 2291624 3111995 133422 1238208 2158202 1873787 PALMETTO 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. 0 0 1374998 1214 1848600 FACILITATE THE GROWTH OF JOBS, INVESTMENT AND ELECTRIC LOAD THROUGH THE ATTRACTION OF NEW INDUSTRIAL AND COMMERCIAL ACTIVITY 1374997 1848600 SUPPORT EXPANSION AND RETENTION OF EXISTING BUSINESSES AND FACILITIES 2749995 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 28 0 1 11 1 0 0 0 0 0 0 0 0 0 0 X 15 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X JAMES CHAVEZ 8032549211 1201 SOUTH MAIN ST 1710 COLUMBIA SC 29201 B ROBERT PAULLING CHAIRMAN 4.00 5.00 X 6027 14535 0 MARY SHERIDAN TRUSTEE 2.00 7.00 X 3900 13471 0 DAVID FELKEL TRUSTEE 2.00 7.00 X 2836 11334 0 ANDY MCKNIGHT TRUSTEE 2.00 7.00 X 1418 13117 0 JAMES ROWE VICE CHAIRMAN 4.00 5.00 X 5672 14889 0 J DAVID WASSON TRUSTEE 2.00 7.00 X 2836 23752 0 KEITH AVERY TRUSTEE 2.00 7.00 X 3191 16307 0 PAUL BASHA VOTING EX-OFFICIO 2.00 7.00 X 4963 39704 0 EUGENNE HARRIOTT TRUSTEE 2.00 7.00 X 1418 2836 0 JAMES M BUNTON JR TRUSTEE 2.00 7.00 X 2836 14889 0 TERRY W MALLARD TRUSTEE 2.00 7.00 X 4254 17371 0 ROB HOCHSTETLER NON-VOTING EX- OFFICIO 4.00 40.00 X 0 875718 585727 DANIEL B SHELLEY III TRUSTEE 2.00 7.00 X 0 0 0 WF BILL DAVIS SR TRUSTEE 2.00 7.00 X 2127 13471 0 JOHNNIE L DICKERT TRUSTEE 2.00 7.00 X 2127 14889 0 JAMES CHAVEZ PRESIDENT AND CEO 40.00 X 321095 0 147582 WARREN DARBY JR SR VP GLOBAL BUSINESS 40.00 X 183707 0 91132 JAMES W FROST SR VP COMMUNITY PREPAREDNE 40.00 X 231831 0 97268 REBECCA BRELAND DIRECTOR OF SITE DEVELOPME 40.00 X 114209 0 39163 ANGELYN SMITH NON-VOTING MEMBER 40.00 0.00 X 101862 0 52055 996309 1086283 1012927 5 0 1 0 HAMILTON CAPITOL CENTER LLC 1201 MAIN STREET COLUMBIA SC 29201 RENT 142764 NP STRATEGY LLC PO BOX 2426 COLUMBIA SC 29202 CONSULTING 134039 2 PROFESSIONAL SERVICES 541900 3697000 3697000 SPONSORSHIP INCOME 541900 200 200 3697200 83880 83880 2264709 2198320 66389 66389 66389 3847469 3697200 0 150269 1214 1214 1471407 1250696 220711 343722 309350 34372 97150 87435 9715 84002 75602 8400 94408 84967 9441 36710 36710 58716 58716 341875 341875 110952 110952 40166 27387 12779 93268 46634 46634 133880 120492 13388 269836 202377 67459 63932 63932 62800 62800 22400 22400 SPECIAL PROJECTS 227711 227711 COMMUNITY DEVELOPMENT A 101351 101351 DUES 39895 39895 3695395 2749995 945400 0 20102 94302 7960 4922 2030794 2842803 614574 444606 232768 169968 2291624 3111995 133422 193129 0 1045079 133422 1238208 X 2158202 1873787 2158202 1873787 2291624 3111995 X 152074 -436489 X X 0 1 X 0 0 X 3835500 3425000 3081000 3331400 3697200 17370100 3835500 3425000 3081000 3331400 3697200 17370100 0 0 0 17370100 47204 59170 70561 92681 150269 419885 47204 59170 70561 92681 150269 419885 3882704 3484170 3151561 3424081 3847469 17789985 0.97640 0.98170 0.02360 0.01830 X 614574 444606 169968 169968 LEASE LIABILITIES 1045079 1045079 X 3697200 0 3697200 150269 150269 3847469 3685754 0 3685754 9641 9641 3695395 PART X, LINE 2: MANAGEMENT HAS DETERMINED THAT PEDC DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. AS A RESULT, THE ORGANIZATION DID NOT HAVE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS, INTEREST, OR PENALTIES AS OF THE PERIOD ENDING WITH THIS TAX RETURN. PART XI, LINE 4B - OTHER ADJUSTMENTS: RETIREE WELFARE BENEFIT TRUST EIN 22-6987698 150,269. PART XII, LINE 4B - OTHER ADJUSTMENTS: RETIREE WELFARE BENEFIT TRUST EIN 22-6987698 9,641. X 1 1 X 0 0 0 0 0 0 0 0 0 ROB HOCHSTETLER NON-VOTING EX- OFFICIO 0 856500 0 18832 0 386 0 556762 0 28965 0 1461445 0 0 JAMES CHAVEZ PRESIDENT AND CEO 318202 0 6702 0 -3809 0 115538 0 32044 0 468677 0 0 0 JAMES W FROST SR VP COMMUNITY PREPAREDNE 229473 0 4972 0 -2614 0 72020 0 25248 0 329099 0 0 0 WARREN DARBY JR SR VP GLOBAL BUSINESS 185764 0 4147 0 -6204 0 61471 0 29661 0 274839 0 0 0 ANGELYN SMITH NON-VOTING MEMBER 108211 0 631 0 -6980 0 24042 0 28013 0 153917 0 0 0 REBECCA BRELAND DIRECTOR OF SITE DEVELOPME 109273 0 631 0 4305 0 22410 0 16753 0 153372 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 PEDC'S BOARD IS MADE UP OF MEMBERS FROM CENTRAL ELECTRIC POWER COOPERATIVE INC.'S BOARD. MEMBERS ARE ALSO EMPLOYEES OR TRUSTEES OF SC'S TWENTY DISTRIBUTION COOPERATIVES AND SERVE ON VARIOUS OTHER COOPERATIVE RELATED BOARDS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO ALL BOARD MEMBERS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BI-ANNUAL DETAILED REVIEW OF THE POLICY WITH FULL BOARD OF TRUSTEES FORM 990, PART VI, SECTION B, LINE 15 MARKET COMPARABLES ARE REVIEWED FOR THE CEO AND SENIOR STAFF. THE RESULTS OF THE STUDY ARE REVIEWED BY THE BOARD AND RECOMMENDATIONS IMPLEMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADDRESS. FORM 990, PART XI, LINE 9: RETIREE WELFARE BENEFIT TRUST EIN 22-6987698 -140,628. APBO -295,861. FORM 990, PART XIII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED THE OVERSIGHT OR SELECTION PROCESS FOR AN INDEPENDENT ACCOUNTANT. CENTRAL ELECTRIC COOPERATIVE INC 20 COOPERATIVE WAY COLUMBIA SC 29210 570299350 GENERATION AND TRANSMISSION OF POWER SC ELECTRIC COOPERATIVE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 CENTRAL ELECTRIC POWER COOPERATIVE Q 3697000 ACTUAL COST