Piedmont Electric Membership Corporation

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

EIN: 560358446 ✦ Hillsborough, NC ✦ Designated as a 501(c)(12)

Overview

What is Piedmont Electric Membership Corporation?

Piedmont Electric Membership Corporation is a nonprofit organization that aims to improve the quality of life in their communities by empowering and partnering with their members. They provide superior value to their members in the ever-changing energy environment. Their mission is to enhance the living standards of their community members by collaborating with them and creating value through their services.


Official website here: www.pemc.coop

Is Piedmont Electric Membership Corporation legitimate?

Piedmont Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Piedmont 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: $685,873
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,562,149

For more financial information, click here


Official website here: www.pemc.coop

What is the mission statement of Piedmont Electric Membership Corporation?

The Piedmont Electric Membership Corporation aims to enhance the quality of life in communities by empowering and partnering with its members. This mission is driven by a commitment to creating superior value for members in an ever-changing energy environment. Through empowerment and collaboration, the corporation strives to improve the lives of its consumers, providing them with energy solutions tailored to their needs. The corporation is dedicated to fostering strong relationships with its members, working together to navigate the evolving energy landscape.


Official website here: www.pemc.coop

Who is the CEO of Piedmont Electric Membership Corporation?

Steve Hamlin is the Chairman of Piedmont Electric Membership Corporation.


Official website here: www.pemc.coop

What is the revenue of Piedmont Electric Membership Corporation?

Piedmont Electric Membership Corporation's revenue in 2022 was $67,548,545.


Official website here: www.pemc.coop

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

The average compensation at Piedmont Electric Membership Corporation during 2022 was $89,895. There are 114 employees at Piedmont Electric Membership Corporation.

Here are 16 key members and their salaries:

    Steve Hamlin (President &)
  • Compensation: $295,945
  • Related: $0
  • Other: $126,161

    • Susan Cashion (Vp Compl. &)
  • Compensation: $240,836
  • Related: $0
  • Other: $96,897

    • Lawrence Hopkins (Mgr - Engine)
  • Compensation: $217,479
  • Related: $0
  • Other: $97,271

    • Lisa Kennedy (Vp Financial)
  • Compensation: $224,988
  • Related: $0
  • Other: $85,313

    • Robert Riley (Vp Of Operat)
  • Compensation: $221,967
  • Related: $0
  • Other: $78,579

    • Brandon Reed (Mgr Of Mbr S)
  • Compensation: $157,320
  • Related: $0
  • Other: $69,738

    • James Randy Kinley (Vice-Chairma) [Trustee/Director]
  • Compensation: $31,389
  • Related: $0
  • Other: $0

    • Richal Vanhook (Treasurer) [Trustee/Director]
  • Compensation: $31,241
  • Related: $0
  • Other: $0

    • V Kay Scurlock-Ferguson (Director)
  • Compensation: $30,579
  • Related: $0
  • Other: $0

    • Bill Barber (Chairman) [Trustee/Director]
  • Compensation: $30,067
  • Related: $0
  • Other: $0

    • Steven Bailey (Director)
  • Compensation: $29,776
  • Related: $0
  • Other: $0

    • Stephen Long (Director)
  • Compensation: $27,881
  • Related: $0
  • Other: $0

    • Cyrus Vernon (Director)
  • Compensation: $27,475
  • Related: $0
  • Other: $0

    • Elizabeth Townsend (Director)
  • Compensation: $24,654
  • Related: $0
  • Other: $0

    • David Poythress (Secretary) [Trustee/Director]
  • Compensation: $24,004
  • Related: $0
  • Other: $0

    • Sam T Woods (Director-For)
  • Compensation: $6,701
  • Related: $0
  • Other: $0


  • Official website here: www.pemc.coop

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

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


    Official website here: www.pemc.coop

    Learn more at the official website: www.pemc.coop

    Mission Statement of Piedmont Electric Membership Corporation

    Piedmont Electric Membership Corporation, a community-focused organization, strives to improve the lives of its members by empowering and partnering with them in an ever-evolving energy landscape. The corporation is committed to creating superior value for its members, going above and beyond to meet their needs in a dynamic energy environment.

    By empowering its member-consumers, Piedmont Electric Membership Corporation fosters a sense of ownership and involvement in the energy sector. This collaboration not only leads to effective energy management but also contributes to the overall improvement of the communities it serves. The corporation's mission is twofold: to enhance the quality of life in its communities and to provide energy value to its members.

    Partnering with its members is an essential aspect of Piedmont Electric Membership Corporation's mission. Through this collaborative approach, the organization works together with its members to address their energy needs and concerns in a responsive and effective manner. By prioritizing the needs and expectations of its members, Piedmont Electric Membership Corporation builds trust and fosters long-term relationships, ultimately leading to a stronger and more engaged community.

    Impact

    This information is meant to be a general summary of Piedmont 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

    Piedmont Electric Membership Corporation empowers and partners with its members to provide energy value and enhance the quality of life in our communities. Through their commitment to creating superior value for their members in an ever-changing energy environment, Piedmont Electric Membership Corporation has a significant impact on the well-being and sustainability of the areas they serve in North Carolina. Their focus on enhancing the quality of life through reliable energy services contributes to the overall development and prosperity of the communities they support.





    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: $67,805
  • Program Service Revenue: $67,506,959
  • Gross Receipts: $67,590,563

    • Assets and Liabilities:
  • Total Assets: $231,845,259
  • Total Liabilities: $160,902,247
  • Net Assets: $70,943,012
  • Programs

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

    PROGRAM SERVICE REVENUE

    Revenue

    $66,821,841

    CAPITAL CREDITS

    Revenue

    $421,497

    POLE RENTAL REVENUE

    Revenue

    $263,621

    Organization Details

    Founding Year

    1938

    Principal Officer

    Steve Hamlin

    Main Address

    PO BOX 1179, HILLSBOROUGH, NC, 27278

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Piedmont 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.