NonprofitsUnion Electric Membership Corp

Union Electric Membership Corp

MONROE, NC

Total revenue

$204.9M

Total expenses

$203.6M

Net assets

$228.3M

Grants received

$71K

5 grants

EIN

560435549

Tax year

2024

Mission

To enhance the quality of life of our members and the communities we serve by delivering on our promise to provide safe, reliable electric power and energy services with exceptional value.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$201.7M
Investment income$2.7M
Other revenue$367K
Total revenue$204.9M

Expenses

Grants paid$38K
Salaries & benefits$21.3M
Fundraising
Other expenses$169.0M
Total expenses$203.6M
Total assets$512.0M
Net assets$228.3M

People

17 listed

NameRoleCompensation

GREGORY S ANDRESS

EVP VP & GEN

Board

$785K

40 hrs/wk

DAVID GROSS

VP ENG & OPE

Board

$371K

40 hrs/wk

THERESA BLACKWELL

VP FIN & ACC

Board

$362K

40 hrs/wk

DENT H TURNER

PRESIDENT

Board

$21K

5 hrs/wk

WINNIE HONEYCUTT

DIRECTOR

Board

$19K

4 hrs/wk

DAVID G HYATT

VICE PRESIDE

Board

$17K

3 hrs/wk

GARY BOSTIAN

DIRECTOR

Board

$16K

3 hrs/wk

TOM J CAUDLE

DIRECTOR

Board

$16K

2 hrs/wk

DAVID E SMITH

DIRECTOR

Board

$16K

2 hrs/wk

SUE THREATT

ASST. SEC/TR

Board

$16K

2 hrs/wk

THOMAS E PORTER JR

DIRECTOR

Board

$15K

2 hrs/wk

SHERISE JONES

SEC-TREAS

Board

$15K

2 hrs/wk

JEREMY BLACK

VP INFO SERV

Staff

$241K

40 hrs/wk

WAYNE HATHCOCK

MGR OF ENG

Staff

$223K

40 hrs/wk

CARRIE STROUD

VP COMMS & M

Staff

$217K

40 hrs/wk

LONNIE KIRKLEY

MGR OPERATIO

Staff

$215K

40 hrs/wk

JAMES MURPHY

MGR FINANCE

Staff

$186K

40 hrs/wk

Independent contractors

XYLEM TREE EXPERTS

ROW MAINTENANCE

$3.4M

PIKE ELECTRIC LLC

CONSTRUCTION

$2.6M

MERIDAN COOPERATIVE

SOFTWARE

$1.8M

TRULLS POWERLINE CO INC

CONSTRUCTION

$1.7M

DAVIS H ELLIOT CO INC

CONSTRUCTION

$1.4M

Grants received

Showing 5 of 5

FromAmountPurposeYear
$15K
EDUCATIONAL ASSISTANCE
2024
$15K
EDUCATIONAL ASSISTANCE
2023
$15K
EDUCATIONAL ASSISTANCE
2022
$14K
EDUCATIONAL ASSISTANCE
2021
$14K
EDUCATIONAL ASSISTANCE
2020

Funded by

$71K from 1 funder · 5 grants · 2020–2024

North Carolina Electric Membership

$71K · 5 grants · 2020–2024

Details

EIN560435549
Subsection12
Ruling date1966-12
Formed1939
Employees143
UNION ELECTRIC MEMBERSHIP CORP — Mission, Financials & Grants Received | Grantivo