Overview
What is Pee Dee Electric Membership Corp?
Pee Dee Electric Membership Corp is a nonprofit organization headquartered at 9825 US Highway 74 East, Lilesville, North Carolina, 28091. Their primary mission is to ensure the safe and efficient delivery of electricity to their members based in North Carolina. The three largest program services, as indicated by expenses, are the cost of power, depreciation and amortization, and other salaries and wages. With a workforce of 69 employees, Pee Dee Electric Membership Corp prioritizes providing reliable electricity services to its members.
Official website here: www.pdemc.com
Is Pee Dee Electric Membership Corp legitimate?
Pee Dee Electric Membership Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Pee Dee Electric Membership Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $997,724
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,005,361
For more financial information, click here
Official website here: www.pdemc.com
What is the mission statement of Pee Dee Electric Membership Corp?
Pee Dee Electric Membership Corp is dedicated to ensuring the safe and efficient delivery of electricity to its members. This non-profit organization prioritizes the provision of reliable power to enhance the daily lives of its community. The core focus of PDEMC's activities lies in the effective distribution of electricity, which is achieved through a combination of expenses. The largest of these expenses include the cost of power, depreciation and amortization, and salaries and wages. By investing in these areas, Pee Dee Electric Membership Corp consistently strives to maintain a robust and efficient electrical infrastructure, ensuring a consistent power supply for its members.
Official website here: www.pdemc.com
Who is the CEO of Pee Dee Electric Membership Corp?
Donald H Spivey is the Ceo & Exec. of Pee Dee Electric Membership Corp. The CEO's salary of Pee Dee Electric Membership Corp is $262,214 and their total compensation is $498,294.
Official website here: www.pdemc.com
What is the revenue of Pee Dee Electric Membership Corp?
Pee Dee Electric Membership Corp's revenue in 2022 was $50,616,077.
Official website here: www.pdemc.com
Who are the executives of Pee Dee Electric Membership Corp and what are their salaries?
The average compensation at Pee Dee Electric Membership Corp during 2022 was $87,001. There are 69 employees at Pee Dee Electric Membership Corp.
Here are 19 key members and their salaries (Pee Dee Electric Membership Corp's CEO's salary is $262,214 and their total compensation is $498,294):
- Compensation: $262,214
- Related: $0
- Other: $236,080
- Compensation: $164,263
- Related: $0
- Other: $51,109
- Compensation: $117,520
- Related: $0
- Other: $84,485
- Compensation: $127,215
- Related: $0
- Other: $67,620
- Compensation: $129,032
- Related: $0
- Other: $52,250
- Compensation: $112,441
- Related: $0
- Other: $60,789
- Compensation: $116,531
- Related: $0
- Other: $46,698
- Compensation: $96,077
- Related: $0
- Other: $24,788
- Compensation: $86,350
- Related: $0
- Other: $15,507
- Compensation: $14,978
- Related: $0
- Other: $0
- Compensation: $9,719
- Related: $0
- Other: $0
- Compensation: $8,392
- Related: $0
- Other: $0
- Compensation: $6,311
- Related: $0
- Other: $0
- Compensation: $6,038
- Related: $0
- Other: $0
- Compensation: $4,648
- Related: $0
- Other: $0
- Compensation: $3,217
- Related: $0
- Other: $0
- Compensation: $2,982
- Related: $0
- Other: $0
- Compensation: $2,630
- Related: $0
- Other: $0
- Compensation: $2,421
- Related: $0
- Other: $0
Official website here: www.pdemc.com
Where can I find the form 990 for Pee Dee Electric Membership Corp?
Pee Dee Electric Membership Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pdemc.com
Learn more at the official website: www.pdemc.com
Mission Statement of Pee Dee Electric Membership Corp
Pee Dee Electric Membership Corp (PDEMC), a commitment-driven organization, focuses on ensuring the secure and productive delivery of electricity to its esteemed members. Based in its mission description, the corporation prioritizes the safety and effectiveness of its electric power services to all those who are part of its community.
In pursuit of this objective, PDEMC allocates significant resources towards the cost of power, which is the largest program expense. This investment reflects the organization's dedication to maintaining a reliable and efficient power grid, enabling members to enjoy uninterrupted access to electricity. Moreover, the corporation also dedicates a substantial portion of its budget towards depreciation and amortization, demonstrating a long-term perspective and prudent financial management.
Furthermore, PDEMC places importance on its human capital by investing in other salaries and wages. By attracting and retaining top talents, the corporation can deliver superior services to its members, ensuring a consistently high standard of electricity distribution. The interconnectedness of these programs highlights the comprehensive commitment that Pee Dee Electric Membership Corp holds in providing its members with safe and effective electricity services.
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Impact
October, 2024
Pee Dee Electric Membership Corp plays a significant role in ensuring the safe and effective distribution of electricity to its members in Lilesville, NC. By prioritizing reliable power delivery, the organization fosters community well-being and supports local economic growth.
With a focus on maintaining operational efficiency, the organization's largest expenses include the cost of power, depreciation and amortization, and employee salaries. This financial commitment ensures that infrastructure is well-maintained, and service is consistently available, ultimately enhancing the quality of life for residents.
Through its dedication to public benefit, Pee Dee Electric Membership Corp contributes to the social and economic vitality of the region, reinforcing its importance as a vital utility provider.
This information is meant to be a general summary of Pee Dee Electric Membership Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $348,094
- Program Service Revenue: $50,088,555
- Gross Receipts: $50,721,709
Assets and Liabilities:
- Total Assets: $162,669,203
- Total Liabilities: $88,093,271
- Net Assets: $74,575,932
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE AND DIST. OF ELECT.
Revenue
$49,346,699
CONTRIB. IN AID OF CONST.
Revenue
$579,709
PATRONAGE ALLOC. RECEIVED
Revenue
$162,147
Organization Details
Founding Year
1939
Phone
(704) 694-2114Principal Officer
Donald H Spivey
Main Address
9825 US HIGHWAY 74 EAST, LILESVILLE, NC, 28091
Website
www.pdemc.comNTEE Category
Code: W80 - Public benefit
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