Rutherford Electric Membership Corporation

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

EIN: 560386171 ✦ Forest city, NC ✦ Designated as a 501(c)(12)

Overview

What is Rutherford Electric Membership Corporation?

The Rutherford Electric Membership Corporation is a North Carolina-based nonprofit organization, headquartered at PO Box 1569, Forest City. Dedicated to delivering top-tier electric services, they aim to provide the best possible electric solutions to all who desire it within their service area, ensuring reasonable costs and adhering to the highest standards. The corporation employs a team of 206 individuals to fulfill their mission and maintain the electrical infrastructure.


Is Rutherford Electric Membership Corporation legitimate?

Rutherford Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Rutherford 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: $569,735
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,130,190

For more financial information, click here


What is the mission statement of Rutherford Electric Membership Corporation?
Who is the CEO of Rutherford Electric Membership Corporation?
What is the revenue of Rutherford Electric Membership Corporation?
Who are the executives of Rutherford Electric Membership Corporation and what are their salaries?
Where can I find the form 990 for Rutherford Electric Membership Corporation?

Mission Statement of Rutherford Electric Membership Corporation

Rutherford Electric Membership Corporation, a dedicated utility service provider, is committed to delivering the highest standard of electric service to all who seek it within its system area. Established with a mission to provide the best possible electric service, the corporation ensures that affordability is a consistent priority.

In its efforts to maintain a reliable and efficient power grid, Rutherford Electric Membership Corporation strives to meet the electric needs of its community members at a reasonable cost. By focusing on quality and affordability, the corporation sets itself apart as a trusted utility provider, dedicated to enhancing the daily lives of its customers.

Through its unwavering commitment to providing top-tier electric service, Rutherford Electric Membership Corporation is not just a provider, but a partner to its customers. By prioritizing their needs and ensuring a reliable power supply, the corporation fosters a strong sense of community and trust. In all its actions, Rutherford Electric Membership Corporation remains dedicated to its mission of delivering the best possible electric service to all who desire it within its system area.

Impact

This information is meant to be a general summary of Rutherford 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

Rutherford Electric Membership Corporation plays a crucial role in providing reliable electric service to its community in Forest City, NC. By ensuring that all residents have access to electricity at a reasonable cost while maintaining high service standards, the corporation impacts the daily lives of individuals, businesses, and institutions within its system area. This reliable source of power contributes to the overall development and well-being of the community, supporting economic activities, communication, healthcare, education, and various other aspects of modern life. Additionally, Rutherford Electric Membership Corporation's commitment to public benefit underscores its dedication to serving the needs of its members and the greater good of the community.





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: $153,822
  • Program Service Revenue: $154,542,904
  • Gross Receipts: $154,765,252

    • Assets and Liabilities:
  • Total Assets: $344,224,971
  • Total Liabilities: $203,258,255
  • Net Assets: $140,966,716
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $152,903,712

    POLE RENTAL

    Revenue

    $1,253,393

    PATRONAGE CAPITAL

    Revenue

    $385,799

    Organization Details

    Founding Year

    1940

    Principal Officer

    S Dirk Burleson

    Main Address

    PO BOX 1569, FOREST CITY, NC, 280431569

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Rutherford 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.