Haywood Electric Membership Corporation

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

EIN: 560193499 ✦ Waynesville, NC ✦ Designated as a 501(c)(12)

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Overview

What is Haywood Electric Membership Corporation?

Haywood Electric Membership Corporation is a North Carolina-based nonprofit organization located at 376 Grindstone Road, Waynesville, with a ZIP code of 28785. Dedicated to providing the highest quality electric service to all who desire it within their system area, the corporation prides itself on delivering this essential utility at a reasonable cost. With a workforce of 85 employees, the organization remains committed to upholding the highest standards of service in their community.

Is Haywood Electric Membership Corporation legitimate?

Haywood Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Haywood 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: $724,867
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Haywood Electric Membership Corporation?

The Haywood Electric Membership Corporation is devoted to delivering superior electric service to all those who seek it within its operational area. It prioritizes reasonable costs, aiming for an electric service standard that is among the highest. The corporation's ultimate goal is to ensure that all customers receive the best possible electric service.

Who is the CEO of Haywood Electric Membership Corporation?

Thomas H Batchelor Jr is the Ceo of Haywood Electric Membership Corporation. The CEO's salary of Haywood Electric Membership Corporation is $317,725 and their total compensation is $383,439.

What is the revenue of Haywood Electric Membership Corporation?

Haywood Electric Membership Corporation's revenue in 2022 was $51,992,815.

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

The average compensation at Haywood Electric Membership Corporation during 2022 was $8,528. There are 85 employees at Haywood Electric Membership Corporation.


Here are 15 key members and their salaries (Haywood Electric Membership Corporation's CEO's salary is $317,725 and their total compensation is $383,439):


Thomas H Batchelor Jr (Ceo)
  • Compensation: $317,725
  • Related: $0
  • Other: $65,714
Rex Larowe (Coo)
  • Compensation: $127,842
  • Related: $0
  • Other: $36,368
John Carver (Team Leader)
  • Compensation: $138,621
  • Related: $0
  • Other: $20,749
John Raines (Team Leader)
  • Compensation: $115,375
  • Related: $0
  • Other: $37,309
Jeffrey Noland (Team Leader)
  • Compensation: $113,046
  • Related: $0
  • Other: $37,281
John Boate (Cfo)
  • Compensation: $115,560
  • Related: $0
  • Other: $22,818
Larry Clark (President)
  • Compensation: $68,482
  • Related: $0
  • Other: $0
David Noland (Asst. Sec./T)
  • Compensation: $60,597
  • Related: $0
  • Other: $0
Roy Stamey (Director)
  • Compensation: $57,021
  • Related: $0
  • Other: $0
Kenneth Israel (Director)
  • Compensation: $45,271
  • Related: $0
  • Other: $0
Lucas Sorrells (Vice Preside)
  • Compensation: $31,557
  • Related: $0
  • Other: $0
Clay Talley (Sec./Treasur)
  • Compensation: $25,047
  • Related: $0
  • Other: $0
James Boyette (Director)
  • Compensation: $24,422
  • Related: $0
  • Other: $0
L Stephen Foster (Director)
  • Compensation: $23,587
  • Related: $0
  • Other: $0
Alan Israel (Director)
  • Compensation: $5,444
  • Related: $0
  • Other: $0
Where can I find the form 990 for Haywood Electric Membership Corporation?

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

Mission Statement of Haywood Electric Membership Corporation

Haywood Electric Membership Corporation, a dedicated electric service provider, is committed to delivering the best possible electric service to all those who seek it within its system area. With a focus on reasonableness and consistency, the organization strives to uphold the highest standards of service.

In their mission to serve, Haywood Electric Membership Corporation sets out to provide top-notch electric service for all, regardless of location within their system area. They believe that everyone deserves reliable and efficient electricity, and they work tirelessly to ensure that this goal is met at a cost that is fair and justifiable. By maintaining a high level of commitment to customer satisfaction, the organization continues to make a positive impact on the communities it serves.

At the core of their operations, Haywood Electric Membership Corporation remains dedicated to the principle of delivering the best possible electric service. This commitment is evident in their day-to-day efforts to maintain a strong and dependable electrical infrastructure, as well as their ongoing investments in new technologies and innovative solutions to address the evolving needs of their customers. With a team of skilled professionals, the organization is well-equipped to handle any challenges that come their way, all while maintaining a customer-centric approach.

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Impact




October, 2024

Haywood Electric Membership Corporation significantly impacts the communities it serves by delivering reliable and affordable electric service to residents in Waynesville, NC, and surrounding areas. Its commitment to providing high-quality service ensures that all customers who seek electricity can do so at reasonable rates, enhancing the quality of life in the region. By maintaining high service standards, the corporation supports local growth and development, promotes energy access, and contributes to the overall well-being of the community. The emphasis on public benefit highlights its role as a key player in ensuring that essential services are accessible and tailored to meet the needs of the population it serves.




This information is meant to be a general summary of Haywood 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
$51,992,815 (2022)
Expenses
$50,771,813 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $274,882
  • Program Service Revenue: $51,715,143
  • Gross Receipts: $51,996,858

Assets and Liabilities:

  • Total Assets: $169,931,039
  • Total Liabilities: $113,584,119
  • Net Assets: $56,346,920

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE REVENUE

Revenue

$50,707,270

POLE RENTAL INCOME

Revenue

$601,755

PATRONAGE CAPITAL

Revenue

$406,118

Organization Details

Founding Year

1938

Principal Officer

Thomas H Batchelor Jr

Main Address

376 GRINDSTONE ROAD, WAYNESVILLE, NC, 28785

NTEE Category

Code: W80 - Public benefit

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