NonprofitsRandolph Electric Membership Corp

Randolph Electric Membership Corp

ASHEBORO, NC

Total revenue

$80.7M

Total expenses

$80.7M

Net assets

$69.0M

Grants received

$39K

5 grants

EIN

560371555

Tax year

2024

Mission

To make electric energy available to its members at the lowest cost consistent with sound economy and good management.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$80.5M
Investment income$111K
Other revenue$94K
Total revenue$80.7M

Expenses

Grants paid
Salaries & benefits$814K
Fundraising
Other expenses$74.0M
Total expenses$80.7M
Total assets$208.9M
Net assets$69.0M

People

16 listed

NameRoleCompensation

DALE LAMBERT

CEO

Board

$373K

50 hrs/wk

DENNIS MABE

CEO

Board

$265K

50 hrs/wk

TAMMIE PHILLIPS

PRESIDENT

Board

$22K

7.72 hrs/wk

SCOTT COLE

ASST. SEC./T

Board

$18K

4.53 hrs/wk

LEE ISLEY

SECRETARY/TR

Board

$17K

4.6 hrs/wk

JERRY BOWMAN

DIRECTOR

Board

$15K

5.15 hrs/wk

JEFF SUGG

DIRECTOR

Board

$15K

3.16 hrs/wk

LARRY ROUTH

DIRECTOR

Board

$14K

2.23 hrs/wk

DELBERT CRANFORD

DIRECTOR

Board

$3K

2.39 hrs/wk

WILLIAM MANESS

VICE PRESIDE

Board

$23

3.8 hrs/wk

STEVE HARRIS

DIRECTOR

Board

$23

3.17 hrs/wk

JAY ALBRIGHT

DISTRICT VP

Staff

$206K

50 hrs/wk

JACOB BARLOW

VP ENG. & OP

Staff

$182K

50 hrs/wk

FRED SMITH

VP ECO. DEVL

Staff

$177K

50 hrs/wk

TRACY BATES

LINE SUPERIN

Staff

$162K

49.8 hrs/wk

TONY COLE

ENG. SUPERIN

Staff

$158K

46.9 hrs/wk

Independent contractors

DOUB CONTRACTORS

CONSTRUCTION

$197K

KOPPERS UTILITY SERVICES LLC

POLE INSP.

$107K

Grants received

Showing 5 of 5

FromAmountPurposeYear
$8K
EDUCATIONAL ASSISTANCE
2024
$9K
EDUCATIONAL ASSISTANCE
2023
$8K
EDUCATIONAL ASSISTANCE
2022
$7K
EDUCATIONAL ASSISTANCE
2021
$7K
EDUCATIONAL ASSISTANCE
2020

Funded by

$39K from 1 funder · 5 grants · 2020–2024

North Carolina Electric Membership

$39K · 5 grants · 2020–2024

Details

EIN560371555
Subsection12
Ruling date1966-12
Formed1939
Employees96
RANDOLPH ELECTRIC MEMBERSHIP CORP — Mission, Financials & Grants Received | Grantivo