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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 French Broad Electric Membership Corporation

French Broad Electric Membership Corporation

Fiscal year ending 2020. Filed on October 7, 2021.

PO Box 9
Marshall, North Carolina 28753

French Broad Electric Membership Corporation (EIN: 56-0229234) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, French Broad Electric Membership Corporation, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 126 total employees. Among the employees shown here, the average compensation is $294,872. The highest compensated employee at French Broad Electric Membership Corporation is Jeffery Loven with fiscal year 2020 compensation of $617,058.

Revenue, expenses, and employee compensation

Revenue

$62,238,759

Expenses

$61,697,350

Employee compensation

$13,906,927
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jeffery Loven
General Manager
$617,058
$382,002 No related comp$235,056
Gregory Fowler
District Manager
$385,489
$212,122 No related comp$173,367
Tracy Evans
District Manager
$360,197
$206,895 No related comp$153,302
Phyllis Holt
Office Manager
$342,514
$205,478 No related comp$137,036
Donald R Webb
ENG and OPR
$248,367
$171,518 No related comp$76,849
Hugh R Fleming
OP MGR / SA
$184,922
$174,748 No related comp$10,174
Dewey R Wills
Service TECH
$177,392
$133,828 No related comp$43,564
Danny H Hensley
Crew Leader
$170,931
$126,562 No related comp$44,369
Kelby R Cody
IT Administr
$166,974
$123,282 No related comp$43,692

Benchmark Employee Compensation

Non-Employee Board Members

Gary T Wilde
Treasurer
$32,770
$32,770 No related compNo other comp
John L Chandler
Secretary
$29,748
$29,748 No related compNo other comp
Jill Austin
Director
$29,348
$29,348 No related compNo other comp
Keith A Kuhne
Director
$29,112
$29,112 No related compNo other comp
Charles R Tolley
Director
$28,385
$28,385 No related compNo other comp
Joseph G Justice
President
$28,018
$28,018 No related compNo other comp
James M Ray
Vice President
$27,948
$27,948 No related compNo other comp
Jerry Griffith
Director
$27,648
$27,648 No related compNo other comp
Carl Ramsey
Director
$27,218
$27,218 No related compNo other comp
Paul Badgley
Director
$23,290
$23,290 No related compNo other comp
Gordon Randolph
Assistant Treasurer
$16,089
$16,089 No related compNo other comp

Contractors

Heritage Exterior Maintenance
Right of Way
$2,836,411
Lewis Tree
Right of Way
$1,643,720
Haynes Electric
Utility Work
$1,511,280
Cvo Enterprises Inc.
Fiber Work
$1,317,978
Cls Construction
Grading
$538,788

Mission Statement

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF FRENCH BROAD EMC.

Revisions to this organization profile

July 25, 2025:
2024 French Broad Electric Membership Corporation 990 filed
October 7, 2024:
2023 French Broad Electric Membership Corporation 990 filed
November 12, 2023:
2022 French Broad Electric Membership Corporation 990 filed

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