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EIN 56-0371555

Randolph Electric Membership Corporation

IRS 501(c) type
501(c)(12)
Num. employees
92
City
Asheboro
State
North Carolina
Year formed
1939
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Randolph Electric Membership Corporation strives to provide its members with affordable electric energy while maintaining sound economic practices and effective management. The corporation is committed to delivering exceptional energy and services that meet the needs of both members and their communities.
Total revenues
$72,253,775
2023
Total expenses
$72,253,775
2023
Total assets
$200,927,558
2023
Num. employees
92
2023

Program areas at Randolph Electric Membership Corporation

Randolph Electric Membership Corporation is dedicated to the delivery of energy and superior services in response to the needs of its members and communities.

Who funds Randolph Electric Membership Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
North Carolina Electric Membership CorporationEducational Assistance$8,086

Personnel at Randolph Electric Membership Corporation

NameTitleCompensation
Dale LambertChief Executive Officer$368,219
Dennis MabeChief Operating Officer$213,889
Adam HargettVice President Finance$181,471
Fred SmithVice President Bus Devlp and Comp$168,971
Jay AlbrightDistrict Vice President$186,671
...and 10 more key personnel

Financials for Randolph Electric Membership Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$71,878,312
Investment income and dividends$132,119
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
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$243,344
Total revenues$72,253,775

Form 990s for Randolph Electric Membership Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-11990View PDF
2022-122023-04-28990View PDF
2021-122022-05-09990View PDF
2020-122021-06-30990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s

Organizations like Randolph Electric Membership Corporation

OrganizationLocationRevenue
Tex-La Electric Cooperative of TexasNacogdoches, TX$121,752,749
Habersham Electric Membership CorporationClarkesville, GA$76,985,449
Three Rivers Electric CooperativeLinn, MO$48,189,109
Northeast Texas Electric Cooperative (NTEC)Longview, TX$309,803,168
Attn Andy Hardy CFODunn, NC$109,686,443
Linn County Rural Electric Cooperative Association (REC)Marion, IA$63,258,366
Attn Phyllis ReddJackson, GA$159,172,579
Lynches River Electric CooperativePageland, SC$59,003,883
Great Lakes Energy CooperativeBoyne City, MI$262,446,486
Houston County Electric CooperativeCrockett, TX$54,006,344
Data update history
August 18, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 31, 2024
Updated personnel
Identified 1 new personnel
July 20, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 10, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 40
Asheboro, NC 27204
County
Randolph County, NC
Website URL
randolphemc.com/ 
Phone
(336) 625-5177
IRS details
EIN
56-0371555
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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