NonprofitsSouth River Electric Membership Corporation

South River Electric Membership Corporation

DUNN, NC

Total revenue

$113.2M

Total expenses

$111.6M

Net assets

$126.4M

Grants received

$83K

8 grants

EIN

560405464

Tax year

2024

Mission

South river electric membership corporation (south river) is a premier locally-owned and operated electric cooperative with a mission to provide safe, reliable, competitively-priced electricity. South river is committed to achieving excellence and empowering its members. South river is dedicated to high standards of performance and integrity. The cooperative's number one priority is its members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$113.2M
Investment income$50K
Other revenue$4K
Total revenue$113.2M

Expenses

Grants paid
Salaries & benefits$713K
Fundraising
Other expenses$107.8M
Total expenses$111.6M
Total assets$324.3M
Net assets$126.4M

People

15 listed

NameRoleCompensation

CHRISTOPHER M SPEARS

EXECUTIVE VP

Board

$435K

52 hrs/wk

CLARENCE WAYNE COLLIER JR

PRESIDENT

Board

$21K

5.3 hrs/wk

KELLY HARRINGTON

VICE PRESIDE

Board

$19K

4.3 hrs/wk

DR E SUE GODWIN-BAKER

DIRECTOR

Board

$19K

2.8 hrs/wk

GEORGE B WILLIAMS

TREASURER

Board

$19K

2.8 hrs/wk

JEFFREY MARTIN

DIRECTOR

Board

$18K

2.7 hrs/wk

JAMES W SIMMONS

DIRECTOR

Board

$18K

3.2 hrs/wk

SUE R FLOWERS

SECRETARY

Board

$18K

2.4 hrs/wk

KAYLA R BARTLEY

DIRECTOR

Board

$18K

2.2 hrs/wk

RHONDA AUTRY

DIRECTOR

Board

$13K

2.8 hrs/wk

ANDREW A HARDY

CFO

Staff

$221K

48 hrs/wk

LARRY C RICHARDSON JR

VP OF E&O

Staff

$211K

45 hrs/wk

DAVID L LARSON JR

SUPERVISOR L

Staff

$203K

48 hrs/wk

CATHERINE O'DELL

VP OF MEMBER

Staff

$197K

44 hrs/wk

ANDREW RADFORD

VP - IT

Staff

$195K

45 hrs/wk

Independent contractors

DIRECTIONAL SERVICES INC

MAINT.

$1.4M

ELECTRICAL CONSULTING ENGINEER

CONSULTING

$1.4M

CAROLINA POWER AND SIGNALIZATION

LINE CON/MAINT

$1.1M

BURFORD'S TREE INC

RIGHT-OF-WAY

$1.0M

SUMTER UTILITIES

GEN. CONTRACTOR

$908K

Grants received

Showing 8 of 8

FromAmountPurposeYear
$11K
EDUCATIONAL ASSISTANCE
2024
$10K
COMMUNITY GRANT
2024
$11K
EDUCATIONAL ASSISTANCE
2023
$11K
EDUCATIONAL ASSISTANCE
2022
$10K
EDUCATIONAL ASSISTANCE
2021
$10K
EDUCATIONAL ASSISTANCE
2020

Funded by

$83K from 2 funders · 8 grants · 2019–2024

North Carolina Electric Membership

$53K · 5 grants · 2020–2024

South River Emc Community

$30K · 3 grants · 2019–2024

Details

EIN560405464
Subsection12
Ruling date1961-03
Formed1940
Employees119
SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION — Mission, Financials & Grants Received | Grantivo