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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 South River Electric Membership Corporation

South River Electric Membership Corporation

Fiscal year ending 2024. Filed on May 8, 2025.

PO Box 931
Dunn, North Carolina 28335

South River Electric Membership Corporation (EIN: 56-0405464) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2024 IRS Form 990 filing, South River Electric Membership Corporation, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 6 out of 119 total employees. Among the employees shown here, the average compensation is $323,718. The highest compensated employee at South River Electric Membership Corporation is Christopher M Spears with fiscal year 2024 compensation of $551,856.

Revenue, expenses, and employee compensation

Revenue

$113,205,771

Expenses

$111,620,115

Employee compensation

$713,182
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Christopher M Spears
Executive Vice President
$551,856
$434,932 No related comp$116,924
Andrew A Hardy
Chief Financial Officer
$301,136
$220,672 No related comp$80,464
Larry C Richardson Jr
Vice President of E&O
$277,547
$211,450 No related comp$66,097
Catherine O'Dell
Vice President, Membership
$274,328
$197,406 No related comp$76,922
David L Larson Jr
Supervisor L
$271,357
$202,965 No related comp$68,392
Andrew Radford
Vice President, Information Technology
$266,086
$195,213 No related comp$70,873

Benchmark Employee Compensation

Non-Employee Board Members

Clarence Wayne Collier Jr
President
$20,710
$20,710 No related compNo other comp
Kelly Harrington
Vice President
$19,054
$19,054 No related compNo other comp
Dr E Sue Godwin-Baker
Director
$18,760
$18,760 No related compNo other comp
George B Williams
Treasurer
$18,610
$18,610 No related compNo other comp
James W Simmons
Director
$18,010
$18,010 No related compNo other comp
Jeffrey Martin
Director
$18,010
$18,010 No related compNo other comp
Sue R Flowers
Secretary
$17,856
$17,856 No related compNo other comp
Kayla R Bartley
Director
$17,560
$17,560 No related compNo other comp
Rhonda Autry
Director
$12,756
$12,756 No related compNo other comp

Mission Statement

SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION (SOUTH RIVER) IS A PREMIER LOCALLY-OWNED AND OPERATED ELECTRIC COOPERATIVE WITH A MISSION TO PROVIDE SAFE, RELIABLE, COMPETITIVELY-PRICED ELECTRICITY. SOUTH RIVER IS COMMITTED TO ACHIEVING EXCELLENCE AND EMPOWERING ITS MEMBERS. SOUTH RIVER IS DEDICATED TO HIGH STANDARDS OF PERFORMANCE AND INTEGRITY. THE COOPERATIVE'S NUMBER ONE PRIORITY IS ITS MEMBERS.

Revisions to this organization profile

May 8, 2025:
2024 South River Electric Membership Corporation 990 filed
May 8, 2024:
2023 South River Electric Membership Corporation 990 filed
May 4, 2023:
2022 South River Electric Membership Corporation 990 filed

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