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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 2020. Filed on May 5, 2021.

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 2020 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 128 total employees. Among the employees shown here, the average compensation is $267,530. The highest compensated employee at South River Electric Membership Corporation is Christopher M Spears with fiscal year 2020 compensation of $503,484.

Revenue, expenses, and employee compensation

Revenue

$99,894,053

Expenses

$98,509,800

Employee compensation

$672,615
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Christopher M Spears
Executive Vice President
$503,484
$405,363 No related comp$98,121
Andrew A Hardy
Chief Financial Officer
$235,465
$172,191 No related comp$63,274
David E Akers
Vice President, Operations
$233,627
$187,761 No related comp$45,866
John Timothy Peede
Vice President of INFO T
$215,975
$154,881 No related comp$61,094
Cathy O'Dell
Vice President, Membership
$212,172
$148,994 No related comp$63,178
Larry C Richardson Jr
Vice President of E&O
$204,455
$155,824 No related comp$48,631

Benchmark Employee Compensation

Non-Employee Board Members

James W Simmons
Director
$21,160
$21,160 No related compNo other comp
Dr E Sue Godwin-Baker
President
$19,510
$19,510 No related compNo other comp
Clarence Wayne Collier Jr
Director
$19,360
$19,360 No related compNo other comp
Sue R Flowers
Director
$18,756
$18,756 No related compNo other comp
Jeffrey Martin
Director
$18,610
$18,610 No related compNo other comp
Kelly Harrington
Vice President
$18,604
$18,604 No related compNo other comp
George B Williams
Treasurer
$18,010
$18,010 No related compNo other comp
Dorcas A Fisher
Director
$17,710
$17,710 No related compNo other comp
Clifton McNeill Jr
Secretary
$17,410
$17,410 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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