Overview
What is Albemarle Electric Membership Corp?
Albemarle Electric Membership Corp is a nonprofit organization committed to delivering safe and reliable power and energy solutions to its members and local communities. Their mission is to provide the highest value through exceptional service, ensuring the trust and satisfaction of those they serve.
Official website here: www.aemc.coop
Is Albemarle Electric Membership Corp legitimate?
Albemarle Electric Membership Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Albemarle Electric Membership Corp 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: $404,818
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aemc.coop
What is the mission statement of Albemarle Electric Membership Corp?
Albemarle Electric Membership Corps is committed to ensuring the safe and dependable delivery of power and energy solutions to its members and local communities. Through a strong focus on service excellence, the corporation aims to provide the greatest value to its customers. The team at Albemarle EMC strives to exceed expectations in every interaction, ensuring that the community receives the highest standard of service. By consistently delivering reliable power, Albemarle Electric Membership Corp fosters trust and confidence within its member base. Additionally, the corporation offers various energy solutions beyond electricity to further enhance the value it provides to its customers.
Official website here: www.aemc.coop
What is the revenue of Albemarle Electric Membership Corp?
Albemarle Electric Membership Corp's revenue in 2024 was $33,501,895.
Official website here: www.aemc.coop
Who are the executives of Albemarle Electric Membership Corp and what are their salaries?
The average compensation at Albemarle Electric Membership Corp during 2024 was $8,996. There are 45 employees at Albemarle Electric Membership Corp.
Here are 15 key members and their salaries:
- Compensation: $14,900
- Related: $0
- Other: $0
- Compensation: $11,400
- Related: $0
- Other: $0
- Compensation: $12,200
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $10,800
- Related: $0
- Other: $0
- Compensation: $11,200
- Related: $0
- Other: $0
- Compensation: $12,400
- Related: $0
- Other: $0
- Compensation: $10,800
- Related: $0
- Other: $0
- Compensation: $3,800
- Related: $0
- Other: $0
- Compensation: $225,068
- Related: $0
- Other: $79,250
- Compensation: $147,238
- Related: $0
- Other: $57,341
- Compensation: $141,775
- Related: $0
- Other: $52,474
- Compensation: $139,540
- Related: $0
- Other: $47,458
- Compensation: $134,483
- Related: $0
- Other: $53,933
- Compensation: $130,955
- Related: $0
- Other: $44,406
Official website here: www.aemc.coop
Where can I find the form 990 for Albemarle Electric Membership Corp?
Albemarle Electric Membership Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.aemc.coop
Learn more at the official website: www.aemc.coop
Mission Statement of Albemarle Electric Membership Corp
Albemarle Electric Membership Corp, or AEMC, is dedicated to delivering safe and dependable power and energy solutions to its members and local communities with unparalleled value. The organization places a strong emphasis on providing exceptional service, ensuring the highest standard of power delivery.
In its mission to power the lives of those it serves, AEMC goes beyond simply delivering electricity. It strives to create value for its members by focusing on service excellence. By prioritizing safety and reliability, AEMC aims to make a positive impact on the communities it serves. Its commitment to providing the best possible experience for its members is a driving force behind its operations.
AEMC's dedication to service excellence means continuously seeking ways to enhance the value it offers. This may include exploring new energy solutions, improving response times during power outages, and implementing innovative technologies to ensure a more efficient and reliable power grid. Through its unwavering commitment to its members and communities, Albemarle Electric Membership Corp sets itself apart as a trusted and reliable energy provider.
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Impact
October, 2024
Albemarle Electric Membership Corporation plays a crucial role in delivering reliable power and energy solutions to its members and the surrounding communities in Hertford, NC. By focusing on service excellence, it ensures the safe and efficient distribution of electricity, which is essential for the daily lives and economic activities of local residents. The cooperative's commitment to high-value service fosters community development, enhances quality of life, and supports various energy needs. Through its efforts, Albemarle EMC not only powers homes and businesses but also contributes to the overall welfare of the area, promoting public benefit and sustainability.
This information is meant to be a general summary of Albemarle Electric Membership Corp. 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 2024.
- Investment Income: $143,974
- Program Service Revenue: $33,357,921
- Gross Receipts: $33,501,895
Assets and Liabilities:
- Total Assets: $94,733,534
- Total Liabilities: $51,129,796
- Net Assets: $43,603,738
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$32,393,389
G & T CAPITAL CREDITS
Revenue
$536,219
OTHER NONOPERATING MARGINS
Revenue
$249,634
OTHER CAPITAL CREDITS
Revenue
$112,487
POLE RENTAL
Revenue
$66,192
Organization Details
Founding Year
1945
Principal Officer
Kevin Heath
Website
www.aemc.coopNTEE Category
Code: W80 - Public benefit
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