Blue Ridge Electric Membership Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 560160075 ✦ Lenoir, NC ✦ Designated as a 501(c)(12)

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Overview

What is Blue Ridge Electric Membership Corporation?

Blue Ridge Electric Membership Corporation is a North Carolina-based nonprofit organization, specifically located in PO Box 112, Lenoir, with a workforce of 203 employees. Their primary mission involves delivering electricity safely and effectively to their members. The three significant program services, as indicated in the data, are the cost of power, depreciation, and other salaries and wages. This organization is dedicated to ensuring a reliable energy supply for its members.


Official website here: www.blueridgeenergy.com

What do the Facebook reviews say about Blue Ridge Electric Membership Corporation?

88% of 213 reviewers on Facebook recommend Blue Ridge Electric Membership Corporation. Here is a summary of their reviews:

Many users express gratitude for the services provided, particularly highlighting the impact of the Capital Credits program. One reviewer mentioned receiving Capital Credits during a crucial time, showcasing the organization’s commitment to supporting its members.

Overall, customers appreciate the hard work and dedication of Blue Ridge Electric, indicating that the nonprofit is effectively addressing their needs and delivering on its promises.


This AI summary has been generated from reviews found on Facebook.

Is Blue Ridge Electric Membership Corporation legitimate?

Blue Ridge Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Blue Ridge Electric Membership Corporation 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: $3,565,095
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,045,188

For more financial information, click here


Official website here: www.blueridgeenergy.com

What is the mission statement of Blue Ridge Electric Membership Corporation?

Blue Ridge Electric Membership Corporation is dedicated to ensuring the safe and efficient delivery of electricity to its member base. The corporation's primary objective is to provide reliable power services. Three of its largest program areas, as indicated by expenses, include the cost of power, depreciation, and other salaries and wages. Together, these areas represent a significant portion of the corporation's efforts to maintain a consistent and effective electricity distribution system for its members.


Official website here: www.blueridgeenergy.com

Who is the CEO of Blue Ridge Electric Membership Corporation?

Katie M Woodle is the Exec. Vp & Ceo of Blue Ridge Electric Membership Corporation. The CEO's salary of Blue Ridge Electric Membership Corporation is $767,569 and their total compensation is $1,301,878.


Official website here: www.blueridgeenergy.com

What is the revenue of Blue Ridge Electric Membership Corporation?

Blue Ridge Electric Membership Corporation's revenue in 2022 was $147,526,402.


Official website here: www.blueridgeenergy.com

Who are the executives of Blue Ridge Electric Membership Corporation and what are their salaries?

The average compensation at Blue Ridge Electric Membership Corporation during 2022 was $106,455. There are 203 employees at Blue Ridge Electric Membership Corporation.


Here are 24 key members and their salaries (Blue Ridge Electric Membership Corporation's CEO's salary is $767,569 and their total compensation is $1,301,878):


Douglas W Johnson (Exec. Vp & Ceo)
  • Compensation: $767,569
  • Related: $226,683
  • Other: $307,626
Alan Merck (Svp, Coo)
  • Compensation: $406,437
  • Related: $0
  • Other: $159,654
Julie O'Dell (Svp, Cao)
  • Compensation: $316,949
  • Related: $0
  • Other: $144,818
Brad Shields (Svp, Cco)
  • Compensation: $355,820
  • Related: $0
  • Other: $103,188
Michael High (Dir. Eng. Serv.)
  • Compensation: $226,651
  • Related: $0
  • Other: $195,652
Katie M Woodle (Svp, Cfo)
  • Compensation: $351,161
  • Related: $0
  • Other: $70,091
Tanner Greer (Svp Cto)
  • Compensation: $244,939
  • Related: $0
  • Other: $92,564
Jason Lingle (Dir. Innovation Es)
  • Compensation: $228,918
  • Related: $0
  • Other: $93,039
Renee Walker (Dir. Of Public Rel)
  • Compensation: $173,144
  • Related: $0
  • Other: $107,143
Crystal Spencer (Dir. Of Mktg.)
  • Compensation: $212,734
  • Related: $0
  • Other: $56,512
Amy Crowder (Dir. Financial Str)
  • Compensation: $179,565
  • Related: $0
  • Other: $81,054
James B Lawrence (Asst. Sec-Treas)
  • Compensation: $36,911
  • Related: $0
  • Other: $0
Jeffrey B Joines (President)
  • Compensation: $36,084
  • Related: $0
  • Other: $0
Kelly Melton (Sec. -Treasurer)
  • Compensation: $34,754
  • Related: $0
  • Other: $0
David Eggers (Director)
  • Compensation: $34,608
  • Related: $0
  • Other: $0
Johnny Wishon (Vice President)
  • Compensation: $32,125
  • Related: $0
  • Other: $0
Bryan Edwards (Director)
  • Compensation: $31,759
  • Related: $0
  • Other: $0
David Boone (Director)
  • Compensation: $31,606
  • Related: $0
  • Other: $0
Cindy Price (Director)
  • Compensation: $31,597
  • Related: $0
  • Other: $0
James Young (Director)
  • Compensation: $31,003
  • Related: $0
  • Other: $0
Mitch Franklin (Director)
  • Compensation: $30,031
  • Related: $0
  • Other: $0
Tom Trexler (Director)
  • Compensation: $26,358
  • Related: $0
  • Other: $0
Hope Caroselli (Dir. Retired 22)
  • Compensation: $9,597
  • Related: $0
  • Other: $0
Joy B Coffey (Dir. Retired 22)
  • Compensation: $2,846
  • Related: $0
  • Other: $0


Official website here: www.blueridgeenergy.com

Where can I find the form 990 for Blue Ridge Electric Membership Corporation?

Blue Ridge Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.blueridgeenergy.com

Learn more at the official website: www.blueridgeenergy.com

Mission Statement of Blue Ridge Electric Membership Corporation

Blue Ridge Electric Membership Corporation, a dedicated organization, is committed to delivering safe and effective electricity to its members. The primary objective of this corporation is to ensure the uninterrupted and reliable flow of power to its community of customers. By investing in the most advanced technologies and practices, Blue Ridge EMC guarantees the highest level of electricity distribution, enhancing the quality of life for its members.

Three significant areas of investment for the corporation are the cost of power, depreciation, and other salaries and wages. The cost of power, totaling over sixty-eight million dollars, reflects the organization's commitment to securing the most efficient energy sources for its members. Depreciation, amounting to nearly twenty million dollars, represents the corporation's ongoing investment in infrastructure and assets to maintain the delivery of electricity. Lastly, over eighteen million dollars are allocated towards salaries and wages, ensuring a well-trained and motivated workforce that maintains the high-quality service Blue Ridge EMC is known for.

In summary, Blue Ridge Electric Membership Corporation, a pillar of its community, strives to ensure the safe and effective distribution of electricity to its members. Through strategic investments in power sources, infrastructure, and personnel, the corporation remains dedicated to providing a reliable and uninterrupted electricity supply, enhancing the lives of its customers.

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Impact




October, 2024

Blue Ridge Electric Membership Corporation plays a crucial role in delivering safe and effective electricity to its members in the Lenoir, NC area. With an emphasis on reliability, the cooperative ensures a consistent power supply while managing significant operational costs. The largest portion of its expenditures is dedicated to the cost of power, amounting to over $68 million, followed by depreciation and salaries. This focused allocation of resources highlights the cooperative's commitment to maintaining infrastructure and supporting its workforce, ultimately ensuring that members receive uninterrupted service. Blue Ridge EMC’s impact extends beyond just providing electricity; it fosters community well-being and economic stability through its reliable energy solutions.




This information is meant to be a general summary of Blue Ridge Electric Membership Corporation. 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.

Revenue
$147,526,402 (2022)
Expenses
$145,889,020 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $208
  • Program Service Revenue: $140,072,042
  • Gross Receipts: $149,035,051

Assets and Liabilities:

  • Total Assets: $510,425,101
  • Total Liabilities: $313,951,414
  • Net Assets: $196,473,687

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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

$140,072,042

Organization Details

Founding Year

1936

Principal Officer

Katie M Woodle

Main Address

PO BOX 112, LENOIR, NC, 28645

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