Halifax Electric Membership Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 560250191 ✦ Enfield, NC ✦ Designated as a 501(c)(12)

Overview

What is Halifax Electric Membership Corporation?

The Halifax Electric Membership Corporation is a North Carolina-based nonprofit organization dedicated to delivering top-tier electric services to the community within its service area. Committed to reasonable costs and maintaining the highest service standards, the corporation's primary objective is to ensure accessible and reliable electric services to all. According to their description, their major program services, as measured by expenses, include the cost of power, other salaries and wages, and depreciation. Despite the limited information provided, it's clear that the Halifax Electric Membership Corporation is focused on providing excellent electric services to its customers. With a team of 51 employees, they strive to ensure a strong and reliable electric infrastructure for the benefit of the community.


Official website here: www.halifaxemc.com

Is Halifax Electric Membership Corporation legitimate?

Halifax Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Halifax 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: $748,133
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,074,283

For more financial information, click here


Official website here: www.halifaxemc.com

What is the mission statement of Halifax Electric Membership Corporation?

The Halifax Electric Membership Corporation is dedicated to delivering the superior electric service to all those who seek it within its service area. This commitment to excellence is maintained at a reasonable cost, adhering to the highest industry standards. The organization's primary focus lies in the provision of uninterrupted electric power. Significant investments were made in the following areas, as determined by expenses: power cost, salaries and wages, and depreciation.


Official website here: www.halifaxemc.com

Who is the CEO of Halifax Electric Membership Corporation?

Tucker Lemley is the Exec Vp/Gen of Halifax Electric Membership Corporation.


Official website here: www.halifaxemc.com

What is the revenue of Halifax Electric Membership Corporation?

Halifax Electric Membership Corporation's revenue in 2022 was $27,293,993.


Official website here: www.halifaxemc.com

Who are the executives of Halifax Electric Membership Corporation and what are their salaries?

The average compensation at Halifax Electric Membership Corporation during 2022 was $74,949. There are 51 employees at Halifax Electric Membership Corporation.

Here are 14 key members and their salaries:

    Charles H Guerry (Exec Vp/Gen)
  • Compensation: $256,380
  • Related: $0
  • Other: $115,272

    • Samuel Moseley (Mgr Of Opera)
  • Compensation: $115,057
  • Related: $0
  • Other: $73,300

    • Wanda P Cooke (Manager Of F)
  • Compensation: $119,363
  • Related: $0
  • Other: $65,698

    • Roger Chappell (Line Superin)
  • Compensation: $109,077
  • Related: $0
  • Other: $47,830

    • Sanders P Cox (Employee/Dir) [Trustee/Director]
  • Compensation: $88,381
  • Related: $0
  • Other: $15,241

    • Basil D Williams (President) [Trustee/Director]
  • Compensation: $13,239
  • Related: $0
  • Other: $0

    • Barbara Brayboy (Sec-Treas) [Trustee/Director]
  • Compensation: $12,236
  • Related: $0
  • Other: $0

    • Stanley Brothers (Director)
  • Compensation: $11,124
  • Related: $0
  • Other: $0

    • Robert F Harris (Director)
  • Compensation: $10,239
  • Related: $0
  • Other: $0

    • Harry M Williams Iii (Director)
  • Compensation: $10,239
  • Related: $0
  • Other: $0

    • Nathaniel M Robertson (Asst. Sec/Tr) [Trustee/Director]
  • Compensation: $10,239
  • Related: $0
  • Other: $0

    • Robin Williams (Vice Preside) [Trustee/Director]
  • Compensation: $10,139
  • Related: $0
  • Other: $0

    • Morell Jones Jr (Former Direc) [Trustee/Director]
  • Compensation: $8,015
  • Related: $0
  • Other: $0

    • Beverly Walker (Former Direc) [Trustee/Director]
  • Compensation: $2,328
  • Related: $0
  • Other: $0


  • Official website here: www.halifaxemc.com

    Where can I find the form 990 for Halifax Electric Membership Corporation?

    The Halifax Electric Membership Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.halifaxemc.com

    Learn more at the official website: www.halifaxemc.com

    Mission Statement of Halifax Electric Membership Corporation

    Halifax Electric Membership Corporation, a dedicated electric service provider, is committed to delivering the highest standard of electric service to all those who seek it within its service area, without compromise. This esteemed organization's mission is grounded in the belief that top-tier electric service is a necessity, and it strives to offer this essential utility to its customers at a reasonable cost.

    Three significant program areas, as indicated by expenses, contribute to the corporation's operational efforts. The most substantial expense, amounting to over fourteen million dollars, is the Cost of Power. Halifax Electric Membership Corporation invests extensively in securing reliable power sources, ensuring a steady flow of electricity for its customers. The second largest expense, other Salaries and Wages, highlights the organization's dedication to its workforce. By allocating sizable resources towards its team, Halifax Electric Membership Corporation aims to attract and retain top talent, enabling it to deliver exceptional service. The third key program area is Depreciation, which underscores the corporation's commitment to maintaining and updating its infrastructure. By investing in the necessary upkeep of its facilities, Halifax Electric Membership Corporation is able to provide consistent and dependable service to its customers.

    Impact

    This information is meant to be a general summary of Halifax 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

    Halifax Electric Membership Corporation provides essential electric service to the residents within its service area in Enfield, NC. By ensuring reliable and affordable electricity, the corporation plays a crucial role in supporting the daily lives of individuals, businesses, and the overall community. The organization's dedication to high service standards and cost-effective operations is evident through its mission to deliver the best possible electric service to all who desire it. Through its programs and initiatives, Halifax Electric Membership Corporation contributes to the public benefit by enhancing the quality of life and promoting economic development in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,064
  • Program Service Revenue: $27,213,204
  • Gross Receipts: $27,384,366

    • Assets and Liabilities:
  • Total Assets: $73,341,542
  • Total Liabilities: $48,371,782
  • Net Assets: $24,969,760
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ELECTRICITY SALES

    Revenue

    $26,923,332

    PATRONAGE ALLOC. RECEIVED

    Revenue

    $156,647

    CIAC

    Revenue

    $133,225

    Organization Details

    Founding Year

    1938

    Principal Officer

    Tucker Lemley

    Main Address

    PO BOX 667, ENFIELD, NC, 27823

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Halifax 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.