Roanoke Electric Membership Corporation

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

EIN: 560378505 ✦ Aulander, NC ✦ Designated as a 501(c)(12)

Overview

What is Roanoke Electric Membership Corporation?

Roanoke Electric Membership Corporation is a dedicated electric utility nonprofit organization, headquartered within its system area, committed to delivering superior electric services to all residents at a reasonable cost. Under the guidance of Marshall Cherry, the corporation maintains a strong dedication to upholding the highest standards of service. Their primary mission revolves around providing the best possible electric service to all who desire it within their system area, ensuring consistency with the highest standards of service.


Official website here: www.roanokeelectric.com

Is Roanoke Electric Membership Corporation legitimate?

Roanoke Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Roanoke 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: $482,127
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.roanokeelectric.com

What is the mission statement of Roanoke Electric Membership Corporation?

Roanoke Electric Membership Corporation is committed to delivering superior electric service to all customers within its jurisdiction. The corporation prioritizes affordability, ensuring the cost remains reasonable while maintaining the highest standards of service. The team at Roanoke Electric Membership Corporation works diligently to provide reliable and top-notch electric service, focused on meeting the needs of its community. Their dedication to customer satisfaction is unwavering, consistently striving for excellence in every aspect of their operations.


Official website here: www.roanokeelectric.com

Who is the CEO of Roanoke Electric Membership Corporation?

Marshall Cherry is the Chairman of Roanoke Electric Membership Corporation.


Official website here: www.roanokeelectric.com

What is the revenue of Roanoke Electric Membership Corporation?

Roanoke Electric Membership Corporation's revenue in 2022 was $50,932,357.


Official website here: www.roanokeelectric.com

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

The average compensation at Roanoke Electric Membership Corporation during 2022 was $5,417. There are 89 employees at Roanoke Electric Membership Corporation.

Here are 15 key members and their salaries:

    Marshall Cherry (President &)
  • Compensation: $276,816
  • Related: $0
  • Other: $59,352

    • Robert Coughlin (Coo)
  • Compensation: $220,340
  • Related: $0
  • Other: $38,572

    • James Liverman (Vp Eng. & Op)
  • Compensation: $182,531
  • Related: $0
  • Other: $42,848

    • Cathy Davison (Cfo)
  • Compensation: $177,413
  • Related: $0
  • Other: $42,848

    • Jeremy Whitley (Dir. Of Netw)
  • Compensation: $148,762
  • Related: $0
  • Other: $11,616

    • Allen Speller (Chairman) [Trustee/Director]
  • Compensation: $27,950
  • Related: $0
  • Other: $0

    • Darnell Lee (Director)
  • Compensation: $20,200
  • Related: $0
  • Other: $0

    • Marva Bond (Director)
  • Compensation: $17,650
  • Related: $0
  • Other: $0

    • Columbus Jeffers (Director)
  • Compensation: $17,500
  • Related: $0
  • Other: $0

    • Carolyn Bradley (Director)
  • Compensation: $16,750
  • Related: $0
  • Other: $0

    • Robert Riddick (Vice Chairma) [Trustee/Director]
  • Compensation: $14,950
  • Related: $0
  • Other: $0

    • Kenneth Jernigan (Asst. Sec/Tr) [Trustee/Director]
  • Compensation: $11,950
  • Related: $0
  • Other: $0

    • Delores H Amason (Secretary/Tr) [Trustee/Director]
  • Compensation: $10,900
  • Related: $0
  • Other: $0

    • Cynthia Vaughan (Director)
  • Compensation: $8,100
  • Related: $0
  • Other: $0

    • Chester Deloatch (Director)
  • Compensation: $9
  • Related: $0
  • Other: $0


  • Official website here: www.roanokeelectric.com

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

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


    Official website here: www.roanokeelectric.com

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

    Mission Statement of Roanoke Electric Membership Corporation

    Roanoke Electric Membership Corporation, also known as REMC, is committed to delivering superior electric services to all its customers within the system area. The corporation's mission is twofold: providing the best possible electric service and maintaining reasonable costs for its customers. Upholding the highest standards of service is a priority for REMC, ensuring customer satisfaction and trust.

    Under the leadership of Marshall Cherry, REMC strives to exceed customer expectations by investing in state-of-the-art technology and infrastructure. The team at REMC works diligently to ensure reliable power, minimizing outages and restoring service promptly when disruptions occur. Their commitment to quality extends to customer interactions, with a focus on building strong relationships and addressing concerns in a timely and effective manner.

    Moreover, REMC keeps its costs reasonable while maintaining the highest quality of service. The Corporation's management team carefully balances expenses to provide a fair and sustainable rate structure for its customers. By focusing on operational efficiency and cost control measures, REMC is able to offer affordable electric services without compromising the reliability and performance of its offerings. With a dedication to improving the lives of its customers, Roanoke Electric Membership Corporation continues to thrive and make a positive impact on its community.

    Impact

    This information is meant to be a general summary of Roanoke 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

    Roanoke Electric Membership Corporation plays a crucial role in providing top-quality electric service to all customers in its system area at a reasonable cost. Under the leadership of Marshall Cherry, the organization consistently upholds the highest standards of service. This commitment ensures that residents in Aulander, NC, and surrounding areas have access to reliable electricity to power their homes and businesses. The impact of Roanoke Electric Membership Corporation extends far beyond simply providing electricity—it empowers local communities by enabling progress, economic development, and improved quality of life for its members.





    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: $610,903
  • Program Service Revenue: $50,220,798
  • Gross Receipts: $50,932,357

    • Assets and Liabilities:
  • Total Assets: $147,756,295
  • Total Liabilities: $98,300,303
  • Net Assets: $49,455,992
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $43,603,646

    OTHER ELECTRIC REVENUE

    Revenue

    $2,878,510

    OTHER-BROADBAND

    Revenue

    $2,837,096

    CAPITAL CREDITS

    Revenue

    $876,044

    POLE RENTAL

    Revenue

    $25,502

    Organization Details

    Founding Year

    1938

    Principal Officer

    Marshall Cherry

    Main Address

    518 NC 561 WEST, AULANDER, NC, 27805

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Roanoke 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.