Overview
What is Roanoke Electric Membership Corporation?
Roanoke Electric Membership Corporation is a dedicated electric utility nonprofit organization, headquartered within its system area, committed to delivering superior electric services to all residents at a reasonable cost. Under the guidance of Marshall Cherry, the corporation maintains a strong dedication to upholding the highest standards of service. Their primary mission revolves around providing the best possible electric service to all who desire it within their system area, ensuring consistency with the highest standards of service.
Official website here: www.roanokeelectric.com
What are the reviews and ratings of this charity?
The Roanoke Electric Membership Corporation is not currently rated by Charity Navigator due to its classification as an organization that is not a 501(c)(3) IRS registered nonprofit. Charity Navigator typically assesses nonprofits that fall under this designation for accountability, finance, and impact metrics, which explains the lack of available data for Roanoke Electric.
The absence of a Charity Navigator rating does not directly reflect positively or negatively on the organization. However, it indicates that the organization does not meet the criteria for evaluation, typically reserved for charitable entities under 501(c)(3) status. Historical ratings, mentioned by Charity Navigator, focus on accountability and finance factors that might apply to other types of organizations.
Since there are no user reviews found on GreatNonprofits, no supplemental feedback is available from the general public regarding their experiences or perceptions of Roanoke Electric Membership Corporation. This limits additional insights into the community's view of the nonprofit's operations and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Roanoke Electric Membership Corporation legitimate?
Roanoke Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Roanoke 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: $482,127
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.roanokeelectric.com
What is the mission statement of Roanoke Electric Membership Corporation?
Roanoke Electric Membership Corporation is committed to delivering superior electric service to all customers within its jurisdiction. The corporation prioritizes affordability, ensuring the cost remains reasonable while maintaining the highest standards of service. The team at Roanoke Electric Membership Corporation works diligently to provide reliable and top-notch electric service, focused on meeting the needs of its community. Their dedication to customer satisfaction is unwavering, consistently striving for excellence in every aspect of their operations.
Official website here: www.roanokeelectric.com
Who is the CEO of Roanoke Electric Membership Corporation?
Marshall Cherry is the Chairman of Roanoke Electric Membership Corporation.
Official website here: www.roanokeelectric.com
What is the revenue of Roanoke Electric Membership Corporation?
Roanoke Electric Membership Corporation's revenue in 2022 was $50,932,357.
Official website here: www.roanokeelectric.com
Who are the executives of Roanoke Electric Membership Corporation and what are their salaries?
The average compensation at Roanoke Electric Membership Corporation during 2022 was $5,417. There are 89 employees at Roanoke Electric Membership Corporation.
Here are 15 key members and their salaries:
- Compensation: $27,950
- Related: $0
- Other: $0
- Compensation: $14,950
- Related: $0
- Other: $0
- Compensation: $10,900
- Related: $0
- Other: $0
- Compensation: $11,950
- Related: $0
- Other: $0
- Compensation: $8,100
- Related: $0
- Other: $0
- Compensation: $16,750
- Related: $0
- Other: $0
- Compensation: $20,200
- Related: $0
- Other: $0
- Compensation: $17,500
- Related: $0
- Other: $0
- Compensation: $9
- Related: $0
- Other: $0
- Compensation: $17,650
- Related: $0
- Other: $0
- Compensation: $276,816
- Related: $0
- Other: $59,352
- Compensation: $220,340
- Related: $0
- Other: $38,572
- Compensation: $177,413
- Related: $0
- Other: $42,848
- Compensation: $182,531
- Related: $0
- Other: $42,848
- Compensation: $148,762
- Related: $0
- Other: $11,616
Official website here: www.roanokeelectric.com
Where can I find the form 990 for Roanoke Electric Membership Corporation?
Roanoke Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.roanokeelectric.com
Learn more at the official website: www.roanokeelectric.com
Mission Statement of Roanoke Electric Membership Corporation
Roanoke Electric Membership Corporation, also known as REMC, is committed to delivering superior electric services to all its customers within the system area. The corporation's mission is twofold: providing the best possible electric service and maintaining reasonable costs for its customers. Upholding the highest standards of service is a priority for REMC, ensuring customer satisfaction and trust.
Under the leadership of Marshall Cherry, REMC strives to exceed customer expectations by investing in state-of-the-art technology and infrastructure. The team at REMC works diligently to ensure reliable power, minimizing outages and restoring service promptly when disruptions occur. Their commitment to quality extends to customer interactions, with a focus on building strong relationships and addressing concerns in a timely and effective manner.
Moreover, REMC keeps its costs reasonable while maintaining the highest quality of service. The Corporation's management team carefully balances expenses to provide a fair and sustainable rate structure for its customers. By focusing on operational efficiency and cost control measures, REMC is able to offer affordable electric services without compromising the reliability and performance of its offerings. With a dedication to improving the lives of its customers, Roanoke Electric Membership Corporation continues to thrive and make a positive impact on its community.
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Impact
October, 2024
Roanoke Electric Membership Corporation significantly impacts its community by delivering reliable and high-quality electric service to all residents within its service area. By focusing on affordability and upholding exceptional standards of service, the corporation ensures that energy needs are met while maintaining reasonable costs. Under the leadership of Marshall Cherry, the organization is dedicated to enhancing the quality of life for its customers in Aulander, NC, and surrounding areas. This commitment not only supports individual households but also fosters community growth and stability, contributing to public benefit in the region.
This information is meant to be a general summary of Roanoke 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: $610,903
- Program Service Revenue: $50,220,798
- Gross Receipts: $50,932,357
Assets and Liabilities:
- Total Assets: $147,756,295
- Total Liabilities: $98,300,303
- Net Assets: $49,455,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$43,603,646
OTHER ELECTRIC REVENUE
Revenue
$2,878,510
OTHER-BROADBAND
Revenue
$2,837,096
CAPITAL CREDITS
Revenue
$876,044
POLE RENTAL
Revenue
$25,502
Organization Details
Founding Year
1938
Phone
(252) 209-2236Principal Officer
Marshall Cherry
Main Address
518 NC 561 WEST, AULANDER, NC, 27805
Website
www.roanokeelectric.comNTEE Category
Code: W80 - Public benefit
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