Overview
What is Tideland Electric Membership Corporation?
Tideland Electric Membership Corporation (TEMC) is a North Carolina-based nonprofit organization dedicated to the sale and distribution of electricity to its members. With approximately 66 employees, TEMC's primary mission is ensuring the safe and effective delivery of electricity to its community. The corporation's largest expense areas include the cost of power, depreciation, and other salaries and wages. TEMC operates as an essential utility, utilizing a team to manage the distribution of electricity efficiently and reliably.
Official website here: www.tidelandemc.com
Is Tideland Electric Membership Corporation legitimate?
Tideland Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tideland 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: $668,433
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,889,932
For more financial information, click here
Official website here: www.tidelandemc.com
What is the mission statement of Tideland Electric Membership Corporation?
Tideland Electric Membership Corporation is dedicated to providing safe and efficient electricity to its member base. The corporation prioritizes the distribution of electricity, ensuring a reliable source of power for its members. Its primary objectives are reflected in its mission description, which emphasizes the importance of delivering electricity effectively to its members. The corporation's activities include the sale and distribution of electricity, with its largest expenditures being the cost of power, depreciation, and other salaries and wages. Overall, Tideland Electric Membership Corporation is committed to ensuring a consistent power supply for its members, maintaining a high standard of safety and reliability in all its operations.
Official website here: www.tidelandemc.com
Who is the CEO of Tideland Electric Membership Corporation?
Paul G Spruill is the Ceo of Tideland Electric Membership Corporation. The CEO's salary of Tideland Electric Membership Corporation is $225,274 and their total compensation is $311,493.
Official website here: www.tidelandemc.com
What is the revenue of Tideland Electric Membership Corporation?
Tideland Electric Membership Corporation's revenue in 2022 was $52,138,305.
Official website here: www.tidelandemc.com
Who are the executives of Tideland Electric Membership Corporation and what are their salaries?
The average compensation at Tideland Electric Membership Corporation during 2022 was $84,218. There are 66 employees at Tideland Electric Membership Corporation.
Here are 17 key members and their salaries (Tideland Electric Membership Corporation's CEO's salary is $225,274 and their total compensation is $311,493):
- Compensation: $225,274
- Related: $0
- Other: $86,219
- Compensation: $160,504
- Related: $0
- Other: $52,536
- Compensation: $127,735
- Related: $0
- Other: $66,649
- Compensation: $164,627
- Related: $0
- Other: $16,718
- Compensation: $110,526
- Related: $0
- Other: $65,010
- Compensation: $101,679
- Related: $0
- Other: $63,315
- Compensation: $101,863
- Related: $0
- Other: $52,910
- Compensation: $16,900
- Related: $0
- Other: $0
- Compensation: $15,700
- Related: $0
- Other: $0
- Compensation: $15,700
- Related: $0
- Other: $0
- Compensation: $14,400
- Related: $0
- Other: $0
- Compensation: $13,900
- Related: $0
- Other: $0
- Compensation: $13,900
- Related: $0
- Other: $0
- Compensation: $13,600
- Related: $0
- Other: $0
- Compensation: $13,400
- Related: $0
- Other: $0
- Compensation: $13,400
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
Official website here: www.tidelandemc.com
Where can I find the form 990 for Tideland Electric Membership Corporation?
Tideland Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tidelandemc.com
Learn more at the official website: www.tidelandemc.com
Mission Statement of Tideland Electric Membership Corporation
Tideland Electric Membership Corporation (TEMC) is dedicated to delivering safe and reliable electricity to its members. With a focus on effective distribution, TEMC ensures that power reaches its customers efficiently and without interruption. The organization is committed to maintaining high standards in the sale and provision of electricity, prioritizing the needs of its membership base.
Three significant areas of investment for TEMC are the cost of power, depreciation, and other salaries and wages. The organization spends a substantial portion of its resources on purchasing and distributing electricity to its members. Additionally, TEMC manages and maintains its infrastructure, allocating funds for depreciation. Furthermore, the corporation values its workforce, investing in the wages and salaries of its staff to ensure the delivery of quality services.
TEMC's mission is twofold: not only does it aim to provide a steady and uninterrupted supply of electricity but also to ensure its distribution is carried out safely. By prioritizing the wellbeing and satisfaction of its members, TEMC has built a reputation as a trusted and reliable energy provider. The organization's unwavering commitment to safety and effectiveness is a testament to its dedication to serving its community.
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Impact
October, 2024
Tideland Electric Membership Corporation plays a crucial role in delivering reliable and safe electricity to its members in Pantego, North Carolina. By focusing on efficient power distribution, Tideland ensures that its members have access to essential electricity services that support daily life and local economic activities.
The organization incurs significant expenses in maintaining and enhancing its operations, spending over $28 million on the cost of power, alongside funds allocated for depreciation and salaries. This strategic investment underlines Tideland's commitment to maintaining infrastructure and workforce excellence, ensuring that members receive uninterrupted electrical service.
Through its effective management and community-oriented approach, Tideland Electric Membership Corporation not only meets the energy needs of its members but also contributes to the overall welfare and development of the area, reinforcing its role as a vital asset in the local community.
This information is meant to be a general summary of Tideland 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: $123,337
- Program Service Revenue: $51,853,122
- Gross Receipts: $52,138,305
Assets and Liabilities:
- Total Assets: $160,063,716
- Total Liabilities: $100,424,804
- Net Assets: $59,638,912
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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
$51,195,152
CONTRIBUTIONS IN AID
Revenue
$450,953
CAPITAL CREDITS RECEIVED
Revenue
$207,017
Organization Details
Founding Year
1941
Phone
(252) 943-3046Principal Officer
Paul G Spruill
Main Address
PO BOX 159, PANTEGO, NC, 27860
Website
www.tidelandemc.comNTEE Category
Code: W80 - Public benefit
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