RANDOLPH ELECTRIC MEMBERSHIP CORPORATION

Address
PO BOX 40
ASHEBORO, NC 272040040
Contact
Website: http://www.randolphemc.com
Phone: +1 (336) 625-5177
Nonprofit
NTEE: W80 - Public Utilities
EIN: 56-0371555

Mission

RANDOLPH ELECTRIC MEMBERSHIP CORPORATION IS DEDICATED TO THE DELIVERY OF ENERGY AND SUPERIOR SERVICES IN RESPONSE TO THE NEEDS OF OUR MEMBERS AND COMMUNITIES.
 201620152014
Basic features of the organization
Year of formation1939
Subsection501(c)
Organization typeCorporation
Metropolitan statistical area3120
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$625,169.00  
Sum of reportable (W2/1099) compensation$1,259,595.00  
Number of employees84  
Number of people compensated >$100k10  
Personnel
Albright, Jay
TitleDISTRICT VP  
Name of key/compensated personJAY ALBRIGHT  
Average hours per week working for org50.00  
Reportable compensation from org$133,239.00  
Breakdown of reportable comp
Base reportable compensation from org$130,674.00  
Bonus and incentive reportable compensation$1,108.00  
Other reportable compensation from org$1,457.00  
Retirement and other deferred compensation$30,486.00  
Nontaxable benefits from org$9,504.00  
Other comp, non-reportable, from org and related orgs$39,990.00  
Sum of all compensation from org$173,229.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Andrews, James
TitleDIRECTOR  
Name of key/compensated personJAMES ANDREWS  
Average hours per week working for org2.47  
Reportable compensation from org$4.00  
Other comp, non-reportable, from org and related orgs$14,600.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Bowman, Jerry
TitleVICE PRESIDE  
Name of key/compensated personJERRY BOWMAN  
Average hours per week working for org4.48  
Reportable compensation from org$18,354.00  
Other comp, non-reportable, from org and related orgs$1,000.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Cranford, Delbert
TitleDIRECTOR  
Name of key/compensated personDELBERT CRANFORD  
Average hours per week working for org2.58  
Reportable compensation from org$4,171.00  
Other comp, non-reportable, from org and related orgs$11,833.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Hargett, Adam
TitleVP FINANCE  
Name of key/compensated personADAM HARGETT  
Average hours per week working for org50.00  
Reportable compensation from org$131,205.00  
Breakdown of reportable comp
Base reportable compensation from org$129,557.00  
Bonus and incentive reportable compensation$998.00  
Other reportable compensation from org$650.00  
Retirement and other deferred compensation$33,097.00  
Nontaxable benefits from org$11,911.00  
Other comp, non-reportable, from org and related orgs$45,008.00  
Sum of all compensation from org$176,213.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Harris, Steve
TitleDIRECTOR  
Name of key/compensated personSTEVE HARRIS  
Average hours per week working for org1.58  
Reportable compensation from org$878.00  
Other comp, non-reportable, from org and related orgs$13,128.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Lambert, Dale
TitleCEO  
Name of key/compensated personDALE LAMBERT  
Average hours per week working for org50.00  
Reportable compensation from org$521,994.00  
Breakdown of reportable comp
Base reportable compensation from org$221,238.00  
Bonus and incentive reportable compensation$12,386.00  
Other reportable compensation from org$288,370.00  
Nontaxable benefits from org$16,877.00  
Other comp, non-reportable, from org and related orgs$16,877.00  
Sum of all compensation from org$538,871.00  
PositionOfficer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Mabe, Dennis
TitleVP ENGINEERI  
Name of key/compensated personDENNIS MABE  
Average hours per week working for org50.00  
Reportable compensation from org$147,707.00  
Breakdown of reportable comp
Base reportable compensation from org$145,130.00  
Bonus and incentive reportable compensation$1,108.00  
Other reportable compensation from org$1,469.00  
Retirement and other deferred compensation$35,216.00  
Nontaxable benefits from org$11,966.00  
Other comp, non-reportable, from org and related orgs$47,182.00  
Sum of all compensation from org$194,889.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Maness, William
TitleDIRECTOR  
Name of key/compensated personWILLIAM MANESS  
Average hours per week working for org1.92  
Reportable compensation from org$14,356.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Phillips, Tammie
TitleASST. SEC-TR  
Name of key/compensated personTAMMIE PHILLIPS  
Average hours per week working for org6.20  
Reportable compensation from org$17,256.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Purvis, Clay
TitleJOURNEYMAN F  
Name of key/compensated personCLAY PURVIS  
Average hours per week working for org49.00  
Reportable compensation from org$111,266.00  
Other comp, non-reportable, from org and related orgs$36,498.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Routh, Larry
TitleDIRECTOR  
Name of key/compensated personLARRY ROUTH  
Average hours per week working for org2.81  
Reportable compensation from org$15,406.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Smith, Fred
TitleVP MBR RELAT  
Name of key/compensated personFRED SMITH  
Average hours per week working for org50.00  
Reportable compensation from org$127,883.00  
Breakdown of reportable comp
Base reportable compensation from org$125,589.00  
Bonus and incentive reportable compensation$1,179.00  
Other reportable compensation from org$1,115.00  
Retirement and other deferred compensation$30,167.00  
Nontaxable benefits from org$9,660.00  
Other comp, non-reportable, from org and related orgs$39,827.00  
Sum of all compensation from org$167,710.00  
PositionHighly compensated employee  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Spencer, Sue
TitleSECRETARY-TR  
Name of key/compensated personSUE SPENCER  
Average hours per week working for org5.18  
Reportable compensation from org$5,354.00  
Other comp, non-reportable, from org and related orgs$10,850.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Wright, Bob
TitlePRESIDENT  
Name of key/compensated personBOB WRIGHT  
Average hours per week working for org5.68  
Reportable compensation from org$10,522.00  
Other comp, non-reportable, from org and related orgs$11,983.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Purpose: mission, activities & accomplishments
Mission or significant activitiesTO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.  
Programs, including revenue & expenses
N/A
Program descriptionN/A  
Financial data
Expense categories (totals)
Sum (total functional expenses)$63,071,151.00  
Program services (total functional expenses)$63,071,151.00  
Management & general (total functional expenses)$0.00  
Fundraising (total functional expenses)$0.00  
Revenue
Total revenue$63,071,151.00  
Program service revenue (total)$62,852,830.00$63,068,856.00$63,755,138.00
Revenue from contributions (total) $0.00$0.00
Investment income$211,490.00  
Total unrelated business revenue$0.00  
Other revenue, current yr$6,831.00  
Total revenue from grants, etc., current yr$0.00  
Gross receipts$63,071,151.00  
Other types of revenue
Miscellaneous revenue (total)$6,831.00  
Income from dividends, interest, and similar investments$211,490.00  
Net rental income $0.00$0.00
Fees for services
Fundraising service fees (total)$0.00  
Assets and liabilities
Total assets$162,203,254.00$157,514,915.00$150,748,377.00
Total assets, beginning of year$157,514,915.00  
Total liabilities$107,018,970.00$103,509,252.00$97,810,595.00
Total liabilities, beginning of year$103,509,252.00  
Net assets$55,184,284.00  
Net assets, beginning of year$54,005,663.00  
Other liabilities$2,471,414.00  
Other assets$1,354,760.00  
Cash: non-interest bearing$2,556,885.00  
Cash: non-interest bearing, beginning of year$3,736,124.00  
Investments: program-related$10,652,434.00  
Inventories for sale or use$1,682,702.00  
Other financial variables
Revenue less expenses$0.00  
Savings & temp cash investment$432,829.00  
Accounts receivable, net$12,247,849.00  
Prepaid expenses & deferred charges$2,053,097.00  
Accounts payable & accrued expenses$13,746,059.00  
Secured mortgages and notes payable$90,801,497.00  
Total net assets or fund balances$55,184,284.00  
Depreciation, depletion, amortization$5,401,208.00  
Governance and accountability
Number of voting members9  
Number of independent voting members9  
Financial sheets auditedTrue  
Tax year start date2016-01-01  
Tax year end date2016-12-31  
Accounting methodAccrual  
Metadata about the filing
E-return type990  
Date e-filing submitted2017-12-04  
IRS schema version2016v3.0  
Filing identifier201712899349300006  
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