Overview
What is Piedmont Electric Membership Corporation?
Piedmont Electric Membership Corporation is a nonprofit organization that aims to improve the quality of life in their communities by empowering and partnering with their members. They provide superior value to their members in the ever-changing energy environment. Their mission is to enhance the living standards of their community members by collaborating with them and creating value through their services.
Official website here: www.pemc.coop
Is Piedmont Electric Membership Corporation legitimate?
Piedmont Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Piedmont 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: $685,873
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,562,149
For more financial information, click here
Official website here: www.pemc.coop
What is the mission statement of Piedmont Electric Membership Corporation?
The Piedmont Electric Membership Corporation aims to enhance the quality of life in communities by empowering and partnering with its members. This mission is driven by a commitment to creating superior value for members in an ever-changing energy environment. Through empowerment and collaboration, the corporation strives to improve the lives of its consumers, providing them with energy solutions tailored to their needs. The corporation is dedicated to fostering strong relationships with its members, working together to navigate the evolving energy landscape.
Official website here: www.pemc.coop
Who is the CEO of Piedmont Electric Membership Corporation?
Steve Hamlin is the Chairman of Piedmont Electric Membership Corporation.
Official website here: www.pemc.coop
What is the revenue of Piedmont Electric Membership Corporation?
Piedmont Electric Membership Corporation's revenue in 2022 was $67,548,545.
Official website here: www.pemc.coop
Who are the executives of Piedmont Electric Membership Corporation and what are their salaries?
The average compensation at Piedmont Electric Membership Corporation during 2022 was $89,895. There are 114 employees at Piedmont Electric Membership Corporation.
Here are 16 key members and their salaries:
- Compensation: $30,067
- Related: $0
- Other: $0
- Compensation: $31,389
- Related: $0
- Other: $0
- Compensation: $24,004
- Related: $0
- Other: $0
- Compensation: $31,241
- Related: $0
- Other: $0
- Compensation: $27,881
- Related: $0
- Other: $0
- Compensation: $27,475
- Related: $0
- Other: $0
- Compensation: $24,654
- Related: $0
- Other: $0
- Compensation: $29,776
- Related: $0
- Other: $0
- Compensation: $30,579
- Related: $0
- Other: $0
- Compensation: $6,701
- Related: $0
- Other: $0
- Compensation: $295,945
- Related: $0
- Other: $126,161
- Compensation: $240,836
- Related: $0
- Other: $96,897
- Compensation: $224,988
- Related: $0
- Other: $85,313
- Compensation: $221,967
- Related: $0
- Other: $78,579
- Compensation: $217,479
- Related: $0
- Other: $97,271
- Compensation: $157,320
- Related: $0
- Other: $69,738
Official website here: www.pemc.coop
Where can I find the form 990 for Piedmont Electric Membership Corporation?
Piedmont Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pemc.coop
Learn more at the official website: www.pemc.coop
Mission Statement of Piedmont Electric Membership Corporation
Piedmont Electric Membership Corporation, a community-focused organization, strives to improve the lives of its members by empowering and partnering with them in an ever-evolving energy landscape. The corporation is committed to creating superior value for its members, going above and beyond to meet their needs in a dynamic energy environment.
By empowering its member-consumers, Piedmont Electric Membership Corporation fosters a sense of ownership and involvement in the energy sector. This collaboration not only leads to effective energy management but also contributes to the overall improvement of the communities it serves. The corporation's mission is twofold: to enhance the quality of life in its communities and to provide energy value to its members.
Partnering with its members is an essential aspect of Piedmont Electric Membership Corporation's mission. Through this collaborative approach, the organization works together with its members to address their energy needs and concerns in a responsive and effective manner. By prioritizing the needs and expectations of its members, Piedmont Electric Membership Corporation builds trust and fosters long-term relationships, ultimately leading to a stronger and more engaged community.
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Impact
October, 2024
Piedmont Electric Membership Corporation significantly enhances the quality of life in its communities by actively empowering and partnering with its members. The organization focuses on creating superior value for its member-consumers in an evolving energy landscape. By prioritizing community engagement and collaboration, Piedmont Electric fosters sustainable practices and provides reliable energy solutions, all while addressing the unique needs of the area it serves. This commitment not only supports individual members but also contributes to the overall well-being and development of the communities in and around Hillsborough, NC. Through its initiatives, the corporation plays a crucial role in promoting energy efficiency and resilience, ultimately driving positive change within the local ecosystem.
This information is meant to be a general summary of Piedmont 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $67,805
- Program Service Revenue: $67,506,959
- Gross Receipts: $67,590,563
Assets and Liabilities:
- Total Assets: $231,845,259
- Total Liabilities: $160,902,247
- Net Assets: $70,943,012
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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
$66,821,841
CAPITAL CREDITS
Revenue
$421,497
POLE RENTAL REVENUE
Revenue
$263,621
Organization Details
Founding Year
1938
Phone
(919) 732-2123Principal Officer
Steve Hamlin
Main Address
PO BOX 1179, HILLSBOROUGH, NC, 27278
Website
www.pemc.coopNTEE Category
Code: W80 - Public benefit
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