Surry-Yadkin 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: 560421795 ✦ Dobson, NC ✦ Designated as a 501(c)(12)

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Overview

What is Surry-Yadkin Electric Membership Corporation?

Surry-Yadkin Electric Membership Corporation is a North Carolina-based nonprofit organization, located in Dobson, with a PO Box address (305, 270170305). Their mission is to provide exceptional electric service to all residents within their service area, ensuring a reasonable cost while maintaining the highest standards. With a team of 81 employees, they strive to deliver outstanding electricity services that power rural communities.


Official website here: www.syemc.com

What are the reviews and ratings of this charity?

Surry-Yadkin Electric Membership Corporation is not currently rated by Charity Navigator. The absence of a rating does not imply any particular quality of the organization's operations; rather, it indicates the lack of evaluation. The organization falls outside Charity Navigator's typical evaluation scope as it is not a 501(c)(3) nonprofit structure, which primarily focuses on tax-exempt entities eligible for tax-deductible contributions.

As Charity Navigator does not assess non-501(c)(3) entities under its Accountability & Finance or other beacon methodologies, Surry-Yadkin Electric Membership Corporation remains unevaluated in terms of financial transparency, impact measurement, or community contribution. This lack of review stems from its IRS classification, which diverges from the standard charitable organizations assessed.

No user reviews from GreatNonprofits are available for Surry-Yadkin Electric Membership Corporation at this time, leaving a gap in publicly shared personal experiences or feedback from those interacting with the organization. Readers seeking in-depth insights or consumer sentiment will have to look to other platforms or sources for such accounts.


This AI summary has been generated from information found on Charity Navigator.

Is Surry-Yadkin Electric Membership Corporation legitimate?

Surry-Yadkin Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Surry-Yadkin 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: $601,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.syemc.com

What is the mission statement of Surry-Yadkin Electric Membership Corporation?

Surry-Yadkin Electric Membership Corporation is committed to delivering excellent electric service to all those who wish to avail it within its service area. The corporation's mission is to ensure that the electric service provided is of the highest standards and offered at a reasonable cost. The primary goal is to meet the expectations of the community by providing reliable and consistent electric service. The team at Surry-Yadkin Electric Membership Corporation is dedicated to maintaining a strong infrastructure to sustain the electric grid and ensure uninterrupted power supply, ultimately enhancing the quality of life for its customers. By focusing on customer satisfaction and reasonable pricing, the corporation is able to maintain a strong bond with the community, fostering trust and loyalty.


Official website here: www.syemc.com

Who is the CEO of Surry-Yadkin Electric Membership Corporation?

William Gregory Puckett is the Executive Vp of Surry-Yadkin Electric Membership Corporation.


Official website here: www.syemc.com

What is the revenue of Surry-Yadkin Electric Membership Corporation?

Surry-Yadkin Electric Membership Corporation's revenue in 2022 was $60,388,840.


Official website here: www.syemc.com

Who are the executives of Surry-Yadkin Electric Membership Corporation and what are their salaries?

The average compensation at Surry-Yadkin Electric Membership Corporation during 2022 was $7,422. There are 81 employees at Surry-Yadkin Electric Membership Corporation.


Here are 16 key members and their salaries:


William Gregory Puckett (Executive Vp)
  • Compensation: $302,925
  • Related: $0
  • Other: $111,566
Misty Utt (Vp Of Financ)
  • Compensation: $161,133
  • Related: $0
  • Other: $68,127
Ricky Bowman (Vp Of Operat)
  • Compensation: $149,664
  • Related: $0
  • Other: $66,907
Richard Bryon Kennedy (Vp Of Mbr Sr)
  • Compensation: $142,598
  • Related: $0
  • Other: $47,237
Micah Mills (Manager Of O)
  • Compensation: $121,933
  • Related: $0
  • Other: $58,331
Sam Kidd (Engineering)
  • Compensation: $124,249
  • Related: $0
  • Other: $47,965
Lee Von Speaks (Director)
  • Compensation: $23,220
  • Related: $0
  • Other: $0
Karoline Overby (President)
  • Compensation: $20,580
  • Related: $0
  • Other: $0
Eddie Campbell (Vice Preside)
  • Compensation: $18,600
  • Related: $0
  • Other: $0
Brenda Hardy (Secretary)
  • Compensation: $18,600
  • Related: $0
  • Other: $0
Stephen Hutson (Director)
  • Compensation: $18,600
  • Related: $0
  • Other: $0
David Pendry (Director)
  • Compensation: $18,600
  • Related: $0
  • Other: $0
Alvin Reid Jr (Director)
  • Compensation: $17,940
  • Related: $0
  • Other: $0
Stephen Joyce (Director)
  • Compensation: $17,280
  • Related: $0
  • Other: $0
David Miller (Treasurer)
  • Compensation: $17,280
  • Related: $0
  • Other: $0
Willard Swift (Director)
  • Compensation: $15,960
  • Related: $0
  • Other: $0


Official website here: www.syemc.com

Where can I find the form 990 for Surry-Yadkin Electric Membership Corporation?

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


Official website here: www.syemc.com

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

Mission Statement of Surry-Yadkin Electric Membership Corporation

Surry-Yadkin Electric Membership Corporation, also known as Surry-Yadkin EMC, is dedicated to delivering superior electric service to the rural communities it serves. The organization's mission is to provide the best possible electric service to all those who desire it within its system service area, ensuring the highest standards of service are maintained at a reasonable cost.

Surry-Yadkin EMC actively strives to meet the electricity needs of its customers with dedication and commitment. Its team of professionals works tirelessly to ensure a reliable and consistent power supply, enabling the communities it serves to thrive. The corporation places great importance on the quality of its electric service, striving to exceed expectations and maintain the trust of its customers.

The primary goal of Surry-Yadkin EMC is to provide electricity that is not only dependable but also cost-effective for its customers. By consistently adhering to the highest standards of service, the corporation aims to build strong relationships with its community members and ensure their satisfaction with the electric service they receive. The mission of Surry-Yadkin EMC is to power the lives of its rural communities, providing them with the necessary electricity to support their daily activities and foster growth and development.

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Impact




October, 2024

Surry-Yadkin Electric Membership Corporation plays a vital role in powering rural communities in Dobson, NC, and surrounding areas. By delivering outstanding electric service, the organization ensures that all residents who desire electricity within its service area can access it at a reasonable cost. This commitment to high standards of service enhances the quality of life for community members, supports local economies, and fosters sustainable growth in these regions. Through its dedicated efforts, Surry-Yadkin Electric not only provides energy but also strengthens community resilience and connectivity.




This information is meant to be a general summary of Surry-Yadkin 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
$60,388,840 (2022)
Expenses
$60,388,840 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $273,638
  • Program Service Revenue: $59,911,943
  • Gross Receipts: $60,388,840

Assets and Liabilities:

  • Total Assets: $165,218,021
  • Total Liabilities: $102,012,289
  • Net Assets: $63,205,732

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Programs

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

ELECTRIC SERVICE REVENUE

Revenue

$58,684,691

G & T CAPITAL CREDITS

Revenue

$892,151

POLE RENTAL

Revenue

$170,403

OTHER CAPITAL CREDITS

Revenue

$164,698

Organization Details

Founding Year

1940

Principal Officer

William Gregory Puckett

Main Address

PO BOX 305, DOBSON, NC, 270170305

NTEE Category

Code: W80 - Public benefit

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