Palmetto Economic Development Corp
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$3.3M
+5.9% YoY
Annual Giving
$43K
-68.3% YoY
Grant Count
2
-75.0% YoY
Avg Grant Size
$22K
+27.0% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,286,386 | $3,104,203 | $3,111,995 |
| Revenue | $4,606,904 | $4,146,690 | $3,847,469 |
| Expenses | $4,091,829 | $4,119,311 | $3,695,395 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $156,904 | $-28,310 | $150,269 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Palmetto Economic Development Corp fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARY SHERIDAN | VICE CHAIRMAN | 4 | $8,568 |
| PAUL BASHA | TRUSTEE | 2 | $3,353 |
| JAMES M BUNTON JR | TRUSTEE | 2 | $6,705 |
| TERRY W MALLARD | CHAIRMAN | 4 | $9,312 |
| ROB HOCHSTETLER | NON-VOTING EX- OFFICIO | 4 | — |
| DANIEL B SHELLEY III | SECRETARY | 4 | — |
| JOHNNIE L DICKERT | TRUSTEE | 2 | $5,960 |
| CHARLES E ADAIR | VICE CHAIRMAN | 2 | $6,705 |
| BRIAN W BROUGHTON | TRUSTEE | 2 | $2,980 |
| GARY L STOOKSBURY | TRUSTEE | 2 | $3,725 |
| BARBARA F WESTON | TRUSTEE | 2 | $6,705 |
| MICHAEL FULLER | SECRETARY | 2 | — |
| ROBERT G ARDIS III | TRUSTEE | 2 | $2,607 |
| ARCHIE B DAVIS JR | TRUSTEE | 2 | $2,980 |
| JAMES CHAVEZ | PRESIDENT AND CEO | 40 | $409,572 |
| WARREN DARBY JR | SR VP GLOBAL BUSINESS | 40 | $236,902 |
| REBECCA BRELAND | SR VP COMMUNITY PREPAREDNE | 40 | $157,513 |
| MARC METCALF | SENIOR PROJECT MANAGER | 40 | $125,376 |
| ANGELYN SMITH | SENIOR PROJECT MANAGER | 40 | $125,655 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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