Overview
What is Tri-County Electric Membership Corporation?
Tri-County Electric Membership Corporation is a nonprofit electric cooperative based on delivering electricity to its membership. Established with a mission to provide essential power services, this organization ensures the provision of electric power to its community. With a strong focus on cooperation, Tri-County Electric Membership Corporation offers fundamental access to electricity for its members.
Official website here: www.tcemc.com
What are the reviews and ratings of this charity?
Tri-County Electric Membership Corporation is not currently rated by Charity Navigator because it is not a 501(c)(3) IRS-registered nonprofit. This means it does not meet the criteria required for Charity Navigator's standard evaluation, which impacts its potential rating calculations based on accountability, finance, impact, and community engagement.
The absence of a rating does not reflect negatively or positively on the organization; rather, it highlights the limitations related to its classification outside of the typical nonprofit designations. Charity Navigator typically evaluates nonprofits using specific IRS criteria, and Tri-County Electric Membership Corporation falls outside this usual scope due to its foundation status.
No user reviews have been submitted on GreatNonprofits for Tri-County Electric Membership Corporation. Without user feedback or a formal rating, stakeholders and donors might consider contacting the organization directly for more information about its impact and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Tri-County Electric Membership Corporation legitimate?
Tri-County Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tri-County 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: $0
For more financial information, click here
Official website here: www.tcemc.com
What is the mission statement of Tri-County Electric Membership Corporation?
Tri-County Electric Membership Corporation serves as an electric cooperative, dedicated to supplying electricity to its member base. The mission of this organization revolves around delivering electric power to its consumers, ensuring a reliable energy source for their daily needs. By being a cooperative, Tri-County Electric Membership Corporation fosters a sense of community among its members, working collaboratively to provide affordable and sustainable electric solutions. The cooperative's commitment extends beyond just powering homes, as it strives to contribute positively to the overall well-being of the communities it serves.
Official website here: www.tcemc.com
Who is the CEO of Tri-County Electric Membership Corporation?
Carl W Kornegay Jr is the General Manager of Tri-County Electric Membership Corporation.
Official website here: www.tcemc.com
What is the revenue of Tri-County Electric Membership Corporation?
Tri-County Electric Membership Corporation's revenue in 2022 was $60,563,062.
Official website here: www.tcemc.com
Who are the executives of Tri-County Electric Membership Corporation and what are their salaries?
There are 51 employees at Tri-County Electric Membership Corporation.
Here are 34 key members and their salaries:
- Compensation: $286,424
- Related: $0
- Other: $0
- Compensation: $190,738
- Related: $0
- Other: $0
- Compensation: $187,850
- Related: $0
- Other: $0
- Compensation: $133,988
- Related: $0
- Other: $0
- Compensation: $133,953
- Related: $0
- Other: $0
- Compensation: $132,875
- Related: $0
- Other: $0
- Compensation: $130,887
- Related: $0
- Other: $0
- Compensation: $130,770
- Related: $0
- Other: $0
- Compensation: $130,518
- Related: $0
- Other: $0
- Compensation: $127,475
- Related: $0
- Other: $0
- Compensation: $127,137
- Related: $0
- Other: $0
- Compensation: $126,687
- Related: $0
- Other: $0
- Compensation: $121,041
- Related: $0
- Other: $0
- Compensation: $120,899
- Related: $0
- Other: $0
- Compensation: $119,770
- Related: $0
- Other: $0
- Compensation: $119,072
- Related: $0
- Other: $0
- Compensation: $115,323
- Related: $0
- Other: $0
- Compensation: $113,413
- Related: $0
- Other: $0
- Compensation: $112,943
- Related: $0
- Other: $0
- Compensation: $112,264
- Related: $0
- Other: $0
- Compensation: $106,265
- Related: $0
- Other: $0
- Compensation: $102,021
- Related: $0
- Other: $0
- Compensation: $26,162
- Related: $0
- Other: $0
- Compensation: $25,021
- Related: $0
- Other: $0
- Compensation: $23,468
- Related: $0
- Other: $0
- Compensation: $22,513
- Related: $0
- Other: $0
- Compensation: $21,380
- Related: $0
- Other: $0
- Compensation: $17,259
- Related: $0
- Other: $0
- Compensation: $13,718
- Related: $0
- Other: $0
- Compensation: $12,848
- Related: $0
- Other: $0
- Compensation: $11,614
- Related: $0
- Other: $0
- Compensation: $11,474
- Related: $0
- Other: $0
- Compensation: $11,074
- Related: $0
- Other: $0
- Compensation: $9,686
- Related: $0
- Other: $0
Official website here: www.tcemc.com
Where can I find the form 990 for Tri-County Electric Membership Corporation?
Tri-County Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tcemc.com
Learn more at the official website: www.tcemc.com
Mission Statement of Tri-County Electric Membership Corporation
Tri-County Electric Membership Corporation, a dedicated electric cooperative, is committed to delivering electric power to its membership. This organization's mission is geared towards ensuring reliable access to electricity for its community, serving as an essential utility provider. By providing electricity, Tri-County Electric Membership Corporation contributes significantly to enhancing the quality of life for its members. The cooperative's unwavering focus on its vital mission enables members to power their homes and businesses, fostering economic prosperity and community development.
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Impact
October, 2024
Tri-County Electric Membership Corporation plays a vital role in the communities it serves by providing reliable electricity to its members in Dudley, North Carolina, and the surrounding areas. As an electric cooperative, it focuses on meeting the energy needs of its membership while ensuring that the benefits of electricity are accessible and affordable.
The cooperative’s mission centers around delivering quality electric power, which supports local businesses, enhances the quality of life for residents, and fosters economic development within the region. By prioritizing the needs of its members, Tri-County Electric Membership Corporation contributes to the overall well-being and public benefit of the communities it serves. Its operations not only ensure a steady supply of electricity but also promote a sense of community ownership and involvement, empowering members to actively participate in decision-making processes related to their energy service.
This information is meant to be a general summary of Tri-County 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: $40,140
- Program Service Revenue: $60,195,613
- Gross Receipts: $60,563,062
Assets and Liabilities:
- Total Assets: $97,581,997
- Total Liabilities: $60,244,266
- Net Assets: $37,337,731
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sale and Distribution of Electric
Revenue
$60,195,613
Organization Details
Founding Year
1940
Phone
(919) 735-2611Principal Officer
Carl W Kornegay Jr
Main Address
PO Box 130, Dudley, NC, 283330130
Website
www.tcemc.comNTEE Category
Code: W80 - Public benefit
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