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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Albemarle Electric Membership Corp.

Albemarle Electric Membership Corp.

Fiscal year ending 2018. Filed on November 11, 2019.

PO Box 69
Hertford, North Carolina 27944

Albemarle Electric Membership Corp. (EIN: 56-0475840) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2018 IRS Form 990 filing, Albemarle Electric Membership Corp., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 5 out of 39 total employees. Among the employees shown here, the average compensation is $180,619. The highest compensated employee at Albemarle Electric Membership Corp. is Gary W Ray with fiscal year 2018 compensation of $297,594.

Revenue, expenses, and employee compensation

Revenue

$31,748,607

Expenses

$31,748,607

Employee compensation

$398,989
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Gary W Ray
EXEC Vp/Gm
$297,594
$210,498 No related comp$87,096
Glenn Parks
MGR Operatio
$161,420
$103,282 No related comp$58,138
Kevin Heath
MGR Engineer
$159,435
$116,781 No related comp$42,654
Alan Stallings
Crew Leader
$142,523
$105,094 No related comp$37,429
Roy O'Neal
Crew Leader
$142,125
$105,274 No related comp$36,851

Benchmark Employee Compensation

Non-Employee Board Members

John W Spence
President
$15,095
$15,095 No related compNo other comp
T Chad Mathews
Director
$12,400
$12,400 No related compNo other comp
Virgie P Whitehurst
Treasurer
$11,600
$11,600 No related compNo other comp
Garry Meiggs
Director
$11,200
$11,200 No related compNo other comp
Josiah A Webb III
Director
$11,000
$11,000 No related compNo other comp
La Harris Jr
Director
$10,800
$10,800 No related compNo other comp
Thelma Finch-Copeland
Secretary
$10,500
$10,500 No related compNo other comp
Glenn Carey
Vice President
$10,500
$10,500 No related compNo other comp
Thomas Bateman
Director
$8,300
$8,300 No related compNo other comp

Mission Statement

ALBEMARLE EMC STRIVES TO SAFELY DELIVER RELIABLE POWER AND RELATED ENERGY SOLUTIONS TO OUR MEMBERS AND LOCAL COMMUNITIES BY PROVIDING THE HIGHEST VALUE THROUGH SERVICE EXCELLENCE.

Revisions to this organization profile

March 3, 2025:
2024 Albemarle Electric Membership Corp. 990 filed
March 27, 2024:
2023 Albemarle Electric Membership Corp. 990 filed
March 29, 2023:
2022 Albemarle Electric Membership Corp. 990 filed

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