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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 2022. Filed on April 28, 2023.

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 2022 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 91 total employees. Among the employees shown here, the average compensation is $237,490. The highest compensated employee at Randolph Electric Membership Corporation is Dale Lambert with fiscal year 2022 compensation of $337,042.

Revenue, expenses, and employee compensation

Revenue

$73,459,257

Expenses

$73,459,257

Employee compensation

$487,789
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Dale Lambert
Chief Executive Officer
$337,042
$320,856 No related comp$16,186
Dennis Mabe
Vice President, Engineering
$257,774
$194,137 No related comp$63,637
Adam Hargett
Vice President, Finance
$247,086
$181,471 No related comp$65,615
Jay Albright
District Vice President
$230,737
$173,908 No related comp$56,829
Fred Smith
Vice President BUS DEVL
$176,418
$165,392 No related comp$11,026
James Cole
Journeyman/F
$175,885
$137,928 No related comp$37,957

Benchmark Employee Compensation

Non-Employee Board Members

Jerry Bowman
President
$20,603
$17,003 No related comp$3,600
Tammie Phillips
Vice President
$19,306
$19,306 No related compNo other comp
Lee Isley
Assistant Secretary and Treasurer
$18,456
$18,456 No related compNo other comp
Jeff Sugg
Director
$17,756
$17,756 No related compNo other comp
Scott Cole
Director
$17,406
$17,406 No related compNo other comp
William Maness
Secretary and Treasurer
$14,406
$23 No related comp$14,383
Steve Harris
Director
$14,406
$23 No related comp$14,383
Larry Routh
Director
$14,354
$14,354 No related compNo other comp
Delbert Cranford
Director
$14,054
$2,221 No related comp$11,833

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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