Pitt And Greene Electric Membership Corporation

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

EIN: 560360850 ✦ Farmville, NC ✦ Designated as a 501(c)(12)

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Overview

What is Pitt And Greene Electric Membership Corporation?

Pitt and Greene Electric Membership Corporation is a North Carolina-based nonprofit organization with a mission to make electric energy accessible to its members at an affordable cost, ensuring sound economic practices and good management. Located at 3989 West Wilson Street in Farmville, the corporation has a team of 36 employees dedicated to this purpose. Their primary focus is on supplying electric power to their members, striving for both affordability and effective management.


Official website here: www.pgemc.com

Is Pitt And Greene Electric Membership Corporation legitimate?

Pitt And Greene Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Pitt And Greene 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,895,542

For more financial information, click here


Official website here: www.pgemc.com

What is the mission statement of Pitt And Greene Electric Membership Corporation?

Pitt and Greene Electric Membership Corporation is dedicated to providing electric energy to its members at the most affordable price, all while maintaining a sound economy and good management. Their primary objective is to make electricity accessible to their members, ensuring affordability without compromising economic sustainability and effective administration. The corporation prioritizes delivering electric power to its community in a responsible and economical manner.


Official website here: www.pgemc.com

Who is the CEO of Pitt And Greene Electric Membership Corporation?

Mark A Suggs is the Vice President of Pitt And Greene Electric Membership Corporation.


Official website here: www.pgemc.com

What is the revenue of Pitt And Greene Electric Membership Corporation?

Pitt And Greene Electric Membership Corporation's revenue in 2022 was $24,789,722.


Official website here: www.pgemc.com

Who are the executives of Pitt And Greene Electric Membership Corporation and what are their salaries?

The average compensation at Pitt And Greene Electric Membership Corporation during 2022 was $52,654. There are 36 employees at Pitt And Greene Electric Membership Corporation.


Here are 15 key members and their salaries:


William E Askew (Vice President)
  • Compensation: $14,618
  • Related: $0
  • Other: $0
Kirby Bell (Director)
  • Compensation: $14,604
  • Related: $0
  • Other: $0
Jack Edmonson (Director)
  • Compensation: $14,612
  • Related: $0
  • Other: $0
Richard S Harper (Director)
  • Compensation: $14,618
  • Related: $0
  • Other: $0
Jeffery N Letchworth (Secretary/Treasurer)
  • Compensation: $14,618
  • Related: $0
  • Other: $0
Garland Mozingo (Director)
  • Compensation: $14,618
  • Related: $0
  • Other: $0
James Shackleford (Director)
  • Compensation: $14,612
  • Related: $0
  • Other: $0
Ernest G Smith (President)
  • Compensation: $14,618
  • Related: $0
  • Other: $0
Michael Hardy (Director)
  • Compensation: $14,618
  • Related: $0
  • Other: $0
Mark A Sugg (General Manager/Evp)
  • Compensation: $343,228
  • Related: $0
  • Other: $81,507
Anthony W Barrow (Director - Engineering)
  • Compensation: $209,581
  • Related: $0
  • Other: $46,970
Patsy B Rowe (Director - Finance)
  • Compensation: $171,080
  • Related: $0
  • Other: $40,642
Austin Dixon (Cfo)
  • Compensation: $135,555
  • Related: $0
  • Other: $46,586
Milton M Grant (Director - Operations)
  • Compensation: $150,590
  • Related: $0
  • Other: $56,961
Tammy Murphy (Director Of Human Resource)
  • Compensation: $168,605
  • Related: $0
  • Other: $49,382


Official website here: www.pgemc.com

Where can I find the form 990 for Pitt And Greene Electric Membership Corporation?

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


Official website here: www.pgemc.com

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

Mission Statement of Pitt And Greene Electric Membership Corporation

Pitt and Greene Electric Membership Corporation is dedicated to bringing affordable electric energy to its members, prioritizing sound economy and good management. The organization's primary objective is to make electric power accessible to its consumer base at the most economical price.

In pursuit of this goal, Pitt and Greene Electric Membership Corporation operates with careful financial planning and efficient management practices. The corporation is committed to providing its members with reliable electricity, ensuring their homes and businesses have consistent power to function optimally. The team behind Pitt and Greene Electric Membership Corporation strives to minimize costs and maximize value for its members, continuously exploring opportunities for growth and improvement.

As a not-for-profit entity, Pitt and Greene Electric Membership Corporation is focused on delivering essential services to its members while maintaining a strong commitment to the local community. The organization's mission goes beyond just providing electricity; it aims to create a positive impact on the lives of its members by keeping energy costs as low as possible. By prioritizing sound economic principles and effective management, Pitt and Greene Electric Membership Corporation ensures a sustainable energy solution for its members, contributing to their overall quality of life.

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Impact




October, 2024

Pitt And Greene Electric Membership Corporation plays a vital role in enhancing the quality of life for its members by providing reliable and affordable electric energy. Focusing on maintaining low costs while ensuring sound economic practices, the corporation effectively meets the electrical needs of its community. Operating out of Farmville, NC, it ensures that local residents and businesses have access to the energy required for daily living and economic activity, contributing to community development and sustainability. By prioritizing efficient management and cost-effective solutions, Pitt And Greene Electric Membership Corporation is a key player in promoting economic growth and energy accessibility in the region.




This information is meant to be a general summary of Pitt And Greene 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
$24,789,722 (2022)
Expenses
$24,000,053 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $49,663
  • Program Service Revenue: $24,655,337
  • Gross Receipts: $24,813,300

Assets and Liabilities:

  • Total Assets: $65,494,171
  • Total Liabilities: $32,931,328
  • Net Assets: $32,562,843

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Programs

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

SALE OF ELECTRICITY

Revenue

$24,522,273

PATRONAGE CAPITAL

Revenue

$133,064

Organization Details

Founding Year

1937

Principal Officer

Mark A Suggs

Main Address

3989 WEST WILSON STREET, FARMVILLE, NC, 27828

NTEE Category

Code: W80 - Public benefit

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