Randolph Electric Membership Corporation

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

EIN: 560371555 ✦ Asheboro, NC ✦ Designated as a 501(c)(12)

Overview

What is Randolph Electric Membership Corporation?

Randolph Electric Membership Corporation is a North Carolina-based nonprofit organization, with a PO Box address in Asheboro, dedicated to delivering energy and top-notch services to its members and communities. Their mission is to make electric energy accessible to their members at affordable costs, ensuring sound economy and good management. The corporation, employing 91 individuals, works diligently to meet the energy needs of its community.


Official website here: www.randolphemc.com

Is Randolph Electric Membership Corporation legitimate?

Randolph Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Randolph 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: $487,789
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.randolphemc.com

What is the mission statement of Randolph Electric Membership Corporation?

Randolph Electric Membership Corporation is committed to making electric energy accessible to its members at an affordable cost, while maintaining sound economy and good management. The corporation puts great emphasis on delivering superior services that cater to the requirements of its member base and communities. Randolph Electric Membership Corporation's dedication extends to providing energy and top-notch services in response to the evolving needs of its members and communities.


Official website here: www.randolphemc.com

Who is the CEO of Randolph Electric Membership Corporation?

Dale Lambert is the Ceo of Randolph Electric Membership Corporation. The CEO's salary of Randolph Electric Membership Corporation is $320,856 and their total compensation is $337,042.


Official website here: www.randolphemc.com

What is the revenue of Randolph Electric Membership Corporation?

Randolph Electric Membership Corporation's revenue in 2022 was $73,459,257.


Official website here: www.randolphemc.com

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

The average compensation at Randolph Electric Membership Corporation during 2022 was $5,360. There are 91 employees at Randolph Electric Membership Corporation.

Here are 15 key members and their salaries (Randolph Electric Membership Corporation's CEO's salary is $320,856 and their total compensation is $337,042):

    Dale Lambert (Ceo)
  • Compensation: $320,856
  • Related: $0
  • Other: $16,186

    • Dennis Mabe (Vp Engineeri)
  • Compensation: $194,137
  • Related: $0
  • Other: $63,637

    • Adam Hargett (Vp Finance)
  • Compensation: $181,471
  • Related: $0
  • Other: $65,615

    • Jay Albright (District Vp)
  • Compensation: $173,908
  • Related: $0
  • Other: $56,829

    • Fred Smith (Vp Bus. Devl)
  • Compensation: $165,392
  • Related: $0
  • Other: $11,026

    • James Cole (Journeyman/F)
  • Compensation: $137,928
  • Related: $0
  • Other: $37,957

    • Jerry Bowman (President) [Trustee/Director]
  • Compensation: $17,003
  • Related: $0
  • Other: $3,600

    • Tammie Phillips (Vice Preside) [Trustee/Director]
  • Compensation: $19,306
  • Related: $0
  • Other: $0

    • Lee Isley (Asst. Sec./T) [Trustee/Director]
  • Compensation: $18,456
  • Related: $0
  • Other: $0

    • Jeff Sugg (Director)
  • Compensation: $17,756
  • Related: $0
  • Other: $0

    • Scott Cole (Director)
  • Compensation: $17,406
  • Related: $0
  • Other: $0

    • Steve Harris (Director)
  • Compensation: $23
  • Related: $0
  • Other: $14,383

    • William Maness (Secretary/Tr) [Trustee/Director]
  • Compensation: $23
  • Related: $0
  • Other: $14,383

    • Larry Routh (Director)
  • Compensation: $14,354
  • Related: $0
  • Other: $0

    • Delbert Cranford (Director)
  • Compensation: $2,221
  • Related: $0
  • Other: $11,833


  • Official website here: www.randolphemc.com

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

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


    Official website here: www.randolphemc.com

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

    Mission Statement of Randolph Electric Membership Corporation

    Randolph Electric Membership Corporation, a dedicated organization, is committed to making electric energy accessible to its members at the most affordable price, balanced with sound economy and good management. In pursuit of this mission, the corporation prioritizes the delivery of energy and superior services to cater to the needs of its members and communities.

    The corporation's unwavering dedication to its members and communities drives its operations. It strives to ensure that energy is available to its membership base, responding to their requirements effectively. By focusing on both energy delivery and superior services, Randolph Electric Membership Corporation sets itself apart, aiming to exceed expectations and foster long-term relationships with its clientele.

    Impact

    This information is meant to be a general summary of Randolph 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

    Randolph Electric Membership Corporation has a significant impact on its community by making electric energy available to its members at the lowest cost while maintaining sound economy and good management practices. This dedication to delivering energy and superior services in response to the needs of its members and communities in Asheboro, North Carolina, ensures that residents have access to essential electricity services at affordable rates.





    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: $81,167
  • Program Service Revenue: $73,357,774
  • Gross Receipts: $73,459,257

    • Assets and Liabilities:
  • Total Assets: $191,252,584
  • Total Liabilities: $129,116,654
  • Net Assets: $62,135,930
  • Programs

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

    ELECTRICITY SALES

    Revenue

    $70,544,567

    CAPITAL CREDITS

    Revenue

    $1,698,586

    OTHER ELECTRIC SERVICES

    Revenue

    $877,161

    POLE RENTAL

    Revenue

    $237,460

    Organization Details

    Founding Year

    1939

    Principal Officer

    Dale Lambert

    Main Address

    PO BOX 40, ASHEBORO, NC, 272040040

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Randolph 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.