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EIN 56-0229234

French Broad Electric Membership Corporation

IRS 501(c) type
501(c)(12)
Num. employees
128
City
Marshall
State
North Carolina
Year formed
1939
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
French Broad Electric Membership Corporation safely and effectively distributes electricity to its members. Its largest program services are the cost of power, salaries and wages, and depreciation and amortization.
Total revenues
$81,303,318
2022
Total expenses
$79,967,147
2022
Total assets
$156,310,357
2022
Num. employees
128
2022

Program areas at French Broad Electric Membership Corporation

The sale and distribution of electricity to members of French Broad emc. The three largest program services, as measured by expenses, are as follows: cost of power: 33,993,573 depreciation and amortization: 10,101,076 salaries and wages: 9,941,246

Personnel at French Broad Electric Membership Corporation

NameTitleCompensation
Joseph G JusticePresident$30,533
Hugh R FlemingOperations Manager / Operations M / Op Manager and Saf Cord$180,039
Phyllis HoltOffice Manager$213,228
Gregory FowlerDistrict Manager$217,992
Donald R WebbEng and Opr. / Eng and Opr. / Eng and Opr. / Eng and Opr Manager$176,791
...and 5 more key personnel

Financials for French Broad Electric Membership Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,533,784
Program services$75,243,881
Investment income and dividends$228,553
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,191,563
Net gain from sale of non-inventory assets$105,219
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$318
Total revenues$81,303,318

Form 990s for French Broad Electric Membership Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-12990View PDF
2021-122022-09-13990View PDF
2020-122021-10-07990View PDF
2019-122021-06-08990View PDF
2018-122020-01-24990View PDF
...and 8 more Form 990s

Organizations like French Broad Electric Membership Corporation

OrganizationLocationRevenue
Brunswick Electric Membership CorporationShallotte, NC$218,662,307
Central Electric Membership CorporationSanford, NC$57,299,071
Pearl River Valley Electric Power AssociationColumbia, MS$139,698,915
Southeastern Indiana Rural Electric Membership CorporationOsgood, IN$36,023,965
Edgecombe-Martin County EmcTarboro, NC$29,118,803
Northern Lights IncorporatedSagle, ID$44,733,936
Pee Dee Electric Membership CorporationLilesville, NC$50,616,077
Sulphur Springs Valley Electric CooperativeWillcox, AZ$139,123,621
Tri-County Electric CooperativePortland, MI$67,642,226
Inland Power and LightSpokane, WA$94,666,539
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 28, 2023
Used new vendors
Identified 1 new vendor, including
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 20, 2023
Used new vendors
Identified 2 new vendors, including , and
October 2, 2022
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
Public policy
Characteristics
Receives government fundingManagement and technical assistance
General information
Address
PO Box 9
Marshall, NC 28753
Metro area
Asheville, NC
County
Madison County, NC
Website URL
frenchbroademc.com/ 
Phone
(828) 649-2051
IRS details
EIN
56-0229234
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1939
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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