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  4. Piedmont Electric Membership Corporation
EIN 56-0358446

Piedmont Electric Membership Corporation

IRS 501(c) type
501(c)(12)
Num. employees
106
City
Hillsborough
State
North Carolina
Year formed
1938
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
To enhance the quality of life in our communities by empowering and partnering with our members. We strive to create superior value for our members in an ever changing energy environment. To empower and to partner with our member-consumers to provide energy value and to enhance the quality of life.
Total revenues
$76,825,164
2023
Total expenses
$76,825,164
2023
Total assets
$237,741,149
2023
Num. employees
106
2023

Program areas at Piedmont Electric Membership Corporation

Compensation of current officers, directors, trustees, and key employees.

Who funds Piedmont Electric Membership Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
North Carolina Electric Membership CorporationEducational Assistance$10,098

Personnel at Piedmont Electric Membership Corporation

NameTitleCompensation
Robert RileyVice President , Operations$221,967
Lisa KennedyVice President , Financial Services$224,988
Larry HopkinsVice President , Engineering
Susan CashionVice President , Compliance and Administrative Officer$240,836
Jordan OverbeePresident and General Manager
...and 9 more key personnel

Financials for Piedmont Electric Membership Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$76,801,662
Investment income and dividends$67,819
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$11,126
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-55,443
Total revenues$76,825,164

Form 990s for Piedmont Electric Membership Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-13990View PDF
2022-122023-10-09990View PDF
2021-122022-05-13990View PDF
2020-122021-09-30990View PDF
2019-122021-06-08990View PDF
...and 12 more Form 990s

Organizations like Piedmont Electric Membership Corporation

OrganizationLocationRevenue
Parke County Rural Electric Membership CorporationRockville, IN$29,048,891
Southside Electric CooperativeCrewe, VA$143,326,007
Farmers Electric Cooperative of New MexicoClovis, NM$47,264,526
Roseau Electric CooperativeRoseau, MN$20,847,676
Northwestern Electric CooperativeWoodward, OK$44,541,170
Cumberland Valley ElectricGray, KY$61,782,412
Arizona Electric Power CooperativeBenson, AZ$291,757,317
Graham County Electric CooperativePima, AZ$20,985,577
Otero County Electric Cooperative (OCEC)Cloudcroft, NM$35,254,461
Central Texas Electric CooperativeFredericksburg, TX$70,828,639
Data update history
October 23, 2024
Updated personnel
Identified 1 new personnel
December 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 27, 2023
Received grants
Identified 1 new grant, including a grant for $10,098 from North Carolina Electric Membership Corporation
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 1179
Hillsborough, NC 27278
Metro area
Durham-Chapel Hill, NC
County
Orange County, NC
Website URL
pemc.coop/ 
Phone
(919) 732-2123
IRS details
EIN
56-0358446
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1938
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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