Pee Dee Electric Membership Corp.

Fiscal year ending 2024. Filed on August 28, 2025.

9825 Us Highway 74 East
Lilesville, North Carolina 28091

Pee Dee Electric Membership Corp. (EIN: 56-0123345) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Pee Dee Electric Membership Corp., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 69 total employees. Among the employees shown here, the average compensation is $230,925. The highest compensated employee at Pee Dee Electric Membership Corp. is Donald H Spivey with fiscal year 2024 compensation of $510,310.

Revenue, expenses, and employee compensation

Revenue

$56,800,150

Expenses

$57,418,937

Employee compensation

$9,186,431

Reported Compensated Employees

Donald H Spivey

$308,448 from orgNo related comp$201,862 other

Vice President ENG and OP

$183,148 from orgNo related comp$41,613 other

＋28.1%vs 2023

$173,372 from orgNo related comp$51,046 other

＋18.5%vs 2023

$138,900 from orgNo related comp$74,265 other

$135,738 from orgNo related comp$47,877 other

Brad Billingsley

$136,483 from orgNo related comp$40,744 other

$138,248 from orgNo related comp$19,439 other

＋10.7%vs 2023

Jordan Hildreth

Vice President, Finance

$123,420 from orgNo related comp$32,794 other

Non-Employee Board Members

Richard H Johnson

$14,972 from orgNo related compNo other comp

Richard V Melton

$10,156 from orgNo related compNo other comp

－16.3%vs 2023

Benjamin R Lybrand

$8,765 from orgNo related compNo other comp

Winnie M Bennett

$5,406 from orgNo related compNo other comp

－13.5%vs 2023

Marcia A Lambeth

$5,156 from orgNo related compNo other comp

Benjamin McCallum Jr

Secretary and Treasurer

$5,156 from orgNo related compNo other comp

＋64.2%vs 2023

Robert C Davis Jr

$3,906 from orgNo related compNo other comp

－42.5%vs 2023

Paul L Turner III

$2,906 from orgNo related compNo other comp

－14.8%vs 2023

Craig W Ratliff

$2,562 from orgNo related compNo other comp

Stephen D Thompson

$1,932 from orgNo related compNo other comp

Contractors

＋111.4%vs 2023

Lee Electrical Construction

Meridian Cooperative Inc.

＋12.0%vs 2023

Union Power Cooperative

＋13.4%vs 2017

Southeast Woodland Services

Mission Statement

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF PDEMC

Revisions to this organization profile

August 28, 2025:

2024 Pee Dee Electric Membership Corp. 990 filed

September 18, 2024:

2023 Pee Dee Electric Membership Corp. 990 filed

October 13, 2023:

2022 Pee Dee Electric Membership Corp. 990 filed

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