Albemarle Electric Membership Corp

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

EIN: 560475840 ✦ Hertford, NC ✦ Designated as a 501(c)(12)

Overview

What is Albemarle Electric Membership Corp?

Albemarle Electric Membership Corp is a nonprofit organization committed to delivering safe and reliable power and energy solutions to its members and local communities. Their mission is to provide the highest value through exceptional service, ensuring the trust and satisfaction of those they serve.


Official website here: www.aemc.coop

Is Albemarle Electric Membership Corp legitimate?

Albemarle Electric Membership Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Albemarle Electric Membership Corp 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: $433,561
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.aemc.coop

What is the mission statement of Albemarle Electric Membership Corp?

Albemarle Electric Membership Corps is committed to ensuring the safe and dependable delivery of power and energy solutions to its members and local communities. Through a strong focus on service excellence, the corporation aims to provide the greatest value to its customers. The team at Albemarle EMC strives to exceed expectations in every interaction, ensuring that the community receives the highest standard of service. By consistently delivering reliable power, Albemarle Electric Membership Corp fosters trust and confidence within its member base. Additionally, the corporation offers various energy solutions beyond electricity to further enhance the value it provides to its customers.


Official website here: www.aemc.coop

Who is the CEO of Albemarle Electric Membership Corp?

Gary W Ray is the President of Albemarle Electric Membership Corp.


Official website here: www.aemc.coop

What is the revenue of Albemarle Electric Membership Corp?

Albemarle Electric Membership Corp's revenue in 2022 was $32,358,063.


Official website here: www.aemc.coop

Who are the executives of Albemarle Electric Membership Corp and what are their salaries?

The average compensation at Albemarle Electric Membership Corp during 2022 was $10,839. There are 40 employees at Albemarle Electric Membership Corp.

Here are 17 key members and their salaries:

    Gary W Ray (Exec Vp/Gm)
  • Compensation: $254,054
  • Related: $0
  • Other: $87,507

    • Kevin Heath (Mgr Engineer)
  • Compensation: $148,230
  • Related: $0
  • Other: $53,415

    • Clarissa Perry (Mgr Of Corpo)
  • Compensation: $130,975
  • Related: $0
  • Other: $52,603

    • Bobby Upton (Crew Leader)
  • Compensation: $127,371
  • Related: $0
  • Other: $45,218

    • Roy O'Neal (Mgr Of Opera)
  • Compensation: $118,371
  • Related: $0
  • Other: $44,585

    • Paul Byrum (Crew Leader)
  • Compensation: $111,153
  • Related: $0
  • Other: $39,007

    • John W Spence (President) [Trustee/Director]
  • Compensation: $15,550
  • Related: $0
  • Other: $0

    • Thelma Finch-Copeland (Secretary) [Trustee/Director]
  • Compensation: $12,000
  • Related: $0
  • Other: $0

    • Josiah A Webb Iii (Director)
  • Compensation: $11,000
  • Related: $0
  • Other: $0

    • Glenn Carey (Vice Preside) [Trustee/Director]
  • Compensation: $10,800
  • Related: $0
  • Other: $0

    • T Chad Mathews (Treasurer) [Trustee/Director]
  • Compensation: $10,800
  • Related: $0
  • Other: $0

    • Garry Meiggs (Director-For)
  • Compensation: $8,100
  • Related: $0
  • Other: $0

    • Virgie P Whitehurst (Director-For)
  • Compensation: $8,100
  • Related: $0
  • Other: $0

    • Robert Whitehead (Director)
  • Compensation: $5,750
  • Related: $0
  • Other: $0

    • Allen Layton (Director)
  • Compensation: $3,600
  • Related: $0
  • Other: $0

    • Melvin Ray Albertson (Director)
  • Compensation: $3,600
  • Related: $0
  • Other: $0

    • La Harris Jr (Director-For)
  • Compensation: $2,700
  • Related: $0
  • Other: $0


  • Official website here: www.aemc.coop

    Where can I find the form 990 for Albemarle Electric Membership Corp?

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


    Official website here: www.aemc.coop

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

    Mission Statement of Albemarle Electric Membership Corp

    Albemarle Electric Membership Corp, or AEMC, is dedicated to delivering safe and dependable power and energy solutions to its members and local communities with unparalleled value. The organization places a strong emphasis on providing exceptional service, ensuring the highest standard of power delivery.

    In its mission to power the lives of those it serves, AEMC goes beyond simply delivering electricity. It strives to create value for its members by focusing on service excellence. By prioritizing safety and reliability, AEMC aims to make a positive impact on the communities it serves. Its commitment to providing the best possible experience for its members is a driving force behind its operations.

    AEMC's dedication to service excellence means continuously seeking ways to enhance the value it offers. This may include exploring new energy solutions, improving response times during power outages, and implementing innovative technologies to ensure a more efficient and reliable power grid. Through its unwavering commitment to its members and communities, Albemarle Electric Membership Corp sets itself apart as a trusted and reliable energy provider.

    Impact

    This information is meant to be a general summary of Albemarle Electric Membership Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Albemarle Electric Membership Corp's impact lies in its commitment to safely delivering reliable power and energy solutions to its members and local communities, while striving for service excellence. By providing the highest value through its services, Albemarle EMC plays a crucial role in ensuring the efficient functioning of homes and businesses in Hertford, NC, thereby contributing to the overall well-being and productivity 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: $69,057
  • Program Service Revenue: $32,289,006
  • Gross Receipts: $32,358,063

    • Assets and Liabilities:
  • Total Assets: $94,733,534
  • Total Liabilities: $51,129,796
  • Net Assets: $43,603,738
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $30,850,970

    OTHER NONOPERATING MARGINS

    Revenue

    $617,895

    G & T CAPITAL CREDITS

    Revenue

    $571,283

    OTHER CAPITAL CREDITS

    Revenue

    $186,253

    POLE RENTAL

    Revenue

    $62,605

    Organization Details

    Founding Year

    1945

    Principal Officer

    Gary W Ray

    Main Address

    PO BOX 69, HERTFORD, NC, 279440069

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Albemarle Electric Membership Corp 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.