Overview
What is French Broad Electric Membership Corporation?
French Broad Electric Membership Corporation is a North Carolina-based nonprofit organization primarily dedicated to the sale and distribution of electricity to its members. With a workforce of 128 employees, the corporation's largest expenditures include the cost of power, depreciation and amortization, and salaries and wages. Their mission focuses on ensuring the safe and effective delivery of electricity to their members.
Official website here: www.frenchbroademc.com
Is French Broad Electric Membership Corporation legitimate?
French Broad Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. French Broad Electric Membership Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $2,498,696
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,941,246
For more financial information, click here
Official website here: www.frenchbroademc.com
What is the mission statement of French Broad Electric Membership Corporation?
The French Broad Electric Membership Corporation is dedicated to delivering safe and efficient electricity to its members. This commitment is reflected in both its activity and mission statements. The primary focus of the corporation is the provision of electricity, with the sale and distribution of this essential resource being its core business. Three major areas of expenditure for the corporation include the cost of power, depreciation and amortization, and salaries and wages. By prioritizing these areas, the French Broad Electric Membership Corporation ensures the reliable delivery of electricity to its members, enhancing their quality of life.
Official website here: www.frenchbroademc.com
Who is the CEO of French Broad Electric Membership Corporation?
Joseph G Justice is the President of French Broad Electric Membership Corporation.
Official website here: www.frenchbroademc.com
What is the revenue of French Broad Electric Membership Corporation?
French Broad Electric Membership Corporation's revenue in 2022 was $81,303,318.
Official website here: www.frenchbroademc.com
Who are the executives of French Broad Electric Membership Corporation and what are their salaries?
The average compensation at French Broad Electric Membership Corporation during 2022 was $97,187. There are 128 employees at French Broad Electric Membership Corporation.
Here are 21 key members and their salaries:
- Jeffery Loven (General Mana)
- Gregory Fowler (District Man)
- Tracy Evans (District Man)
- Phyllis Holt (Office Manag)
- Donald R Webb (Eng. & Opr.)
- Dewey R Wills (Service Tech)
- Hugh R Fleming (Operations M)
- Realigh Peek (Fiber Crew L)
- Kelby R Cody (It Administr)
- Jackie Buchanan (Service Tech)
- Gary T Wilde (Treasurer) [Trustee/Director]
- James M Ray (Vice Preside) [Trustee/Director]
- Jill Austin (Director)
- John L Chandler (Secretary) [Trustee/Director]
- Charles R Tolley (Director)
- Paul Badgley (Director)
- Keith A Kuhne (Director)
- Joseph G Justice (President) [Trustee/Director]
- Carl Ramsey (Director)
- Jerry Griffith (Director)
- Gordon Randolph (Director)
Official website here: www.frenchbroademc.com
Where can I find the form 990 for French Broad Electric Membership Corporation?
The French Broad Electric Membership Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.frenchbroademc.com
Learn more at the official website: www.frenchbroademc.com
Mission Statement of French Broad Electric Membership Corporation
French Broad Electric Membership Corporation (FBEMC) is dedicated to ensuring the safe and reliable delivery of electricity to its members. The organization's mission is centered around providing an effective and dependable electric service to its community of members.
FBEMC's primary focus is on the sale and distribution of electricity, which is reflected in its three largest program services. The first of these services is the cost of power, which accounts for a significant portion of the organization's expenses. This investment in electricity ensures that FBEMC can meet the energy needs of its members, enabling them to power their homes and businesses.
The second largest service area for FBEMC is depreciation and amortization. This financial commitment allows the organization to maintain and upgrade its infrastructure, ensuring that the electricity distribution system remains efficient and reliable.
Lastly, FBEMC places a high priority on its workforce, reflecting in the third largest service area, salaries and wages. The organization's employees are essential to the safe and effective distribution of electricity, and their expertise and dedication contribute to the organization's mission of serving its members.
Impact
This information is meant to be a general summary of French Broad Electric Membership Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
French Broad Electric Membership Corporation's impact is vital in ensuring the safe and effective distribution of electricity to its members in North Carolina. By providing reliable electricity services, French Broad EMC contributes to the daily lives of individuals, businesses, and communities in its service area, helping to power homes, schools, hospitals, and other essential facilities. The organization's focus on maintaining a robust infrastructure and delivering affordable and sustainable electricity plays a significant role in supporting economic development and enhancing the quality of life for its members. Through its commitment to serving the public benefit, French Broad EMC fosters a resilient and thriving community powered by electricity.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$74,092,420
CIAC
Revenue
$1,052,353
PATRONAGE ALLOCATIONS
Revenue
$99,108
Organization Details
Founding Year
1939
Phone
(828) 649-2051
Principal Officer
Joseph G Justice
Main Address
PO BOX 9, MARSHALL, NC, 28753
Website
www.frenchbroademc.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of French Broad Electric Membership Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.