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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 Randolph Electric Membership Corporation

Randolph Electric Membership Corporation

Fiscal year ending 2023. Filed on June 11, 2024.

PO Box 40
Asheboro, North Carolina 27204

Randolph Electric Membership Corporation (EIN: 56-0371555) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2023 IRS Form 990 filing, Randolph Electric Membership Corporation, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 6 out of 92 total employees. Among the employees shown here, the average compensation is $231,802. The highest compensated employee at Randolph Electric Membership Corporation is Dale Lambert with fiscal year 2023 compensation of $383,806.

Revenue, expenses, and employee compensation

Revenue

$72,253,775

Expenses

$72,253,775

Employee compensation

$546,053
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Dale Lambert
Chief Executive Officer
$383,806
$368,219 No related comp$15,587
Dennis Mabe
Chief Operating Officer
$253,290
$213,889 No related comp$39,401
Jay Albright
District Vice President
$222,542
$186,671 No related comp$35,871
Tony Cole
Journeyman/F
$189,642
$147,744 No related comp$41,898
Fred Smith
Vice President BUS DEVL
$179,594
$168,971 No related comp$10,623
Daniel Maness
Line Superintendent
$161,937
$147,147 No related comp$14,790

Benchmark Employee Compensation

Non-Employee Board Members

Tammie Phillips
President
$23,306
$23,306 No related compNo other comp
Jerry Bowman
Director
$21,203
$17,603 No related comp$3,600
Scott Cole
Assistant Secretary and Treasurer
$19,506
$19,506 No related compNo other comp
Lee Isley
Secretary and Treasurer
$19,456
$19,456 No related compNo other comp
Jeff Sugg
Director
$16,456
$16,456 No related compNo other comp
Larry Routh
Director
$16,054
$16,054 No related compNo other comp
William Maness
Vice President
$15,656
$23 No related comp$15,633
Delbert Cranford
Director
$15,554
$3,721 No related comp$11,833
Steve Harris
Director
$15,056
$56 No related comp$15,000

Contractors

Doub Contractors
Construction
$177,717

Mission Statement

RANDOLPH ELECTRIC MEMBERSHIP CORPORATION IS DEDICATED TO THE DELIVERY OF ENERGY AND SUPERIOR SERVICES IN RESPONSE TO THE NEEDS OF OUR MEMBERS AND COMMUNITIES.

Revisions to this organization profile

June 11, 2024:
2023 Randolph Electric Membership Corporation 990 filed
April 28, 2023:
2022 Randolph Electric Membership Corporation 990 filed
May 9, 2022:
2021 Randolph Electric Membership Corporation 990 filed

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