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Albemarle Electric Membership Corp

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$32.1M (2023)

Expenses
$32.1M (2023)

Total Assets
$97.6M (2023)

Total Liabilities
$52.1M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,082,307
Expenses
$32,082,307
Net Income
$0
Net Assets
$45,472,296
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,952,396
99.6%
Investment Income $129,911
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $745,740
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $97,594,322
Total Liabilities $52,122,026
Net Assets $45,472,296
Club or Co-Op Income
Income From Members $30,564,934
Income From Other Sources $1,054,571
Compensation
Key Employees and Officers Compensation Related Other
Gary W Ray (Former Exec) $328,473 $0 $77,327
Kevin Heath (Exec Vp/Gm) $170,746 $0 $58,644
Clarissa Perry (Mgr Of Corpo) $138,508 $0 $56,024
Bobby Upton (Crew Leader) $129,269 $0 $49,593
Roy O'neal (Mgr Of Opera) $122,128 $0 $53,876
Paul Byrum (Crew Leader) $117,998 $0 $43,712
John W Spence (President) $15,650 $0 $0
Linda Felton Burrus (Director) $12,800 $0 $0
Thelma Finch Copeland (Secretary) $12,600 $0 $0
Robert Whitehead (Director) $12,600 $0 $0
Allen Layton (Director) $12,600 $0 $0
T Chad Mathews (Treasurer) $11,600 $0 $0
Josiah A Webb Iii (Director) $11,200 $0 $0
Glenn Carey (Vice Preside) $11,000 $0 $0
Melvin Ray Albertson (Director) $10,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,358,063
Expenses
$32,358,063
Net Income
$0
Net Assets
$43,603,738
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $32,289,006
99.8%
Investment Income $69,057
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $433,561
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $94,733,534
Total Liabilities $51,129,796
Net Assets $43,603,738
Club or Co-Op Income
Income From Members $30,850,970
Income From Other Sources $954,331
Compensation
Key Employees and Officers Compensation Related Other
Gary W Ray (Exec Vp/Gm) $254,054 $0 $87,507
Kevin Heath (Mgr Engineer) $148,230 $0 $53,415
Clarissa Perry (Mgr Of Corpo) $130,975 $0 $52,603
Bobby Upton (Crew Leader) $127,371 $0 $45,218
Roy O'neal (Mgr Of Opera) $118,371 $0 $44,585
Paul Byrum (Crew Leader) $111,153 $0 $39,007
John W Spence (President) $15,550 $0 $0
Thelma Finch Copeland (Secretary) $12,000 $0 $0
Josiah A Webb Iii (Director) $11,000 $0 $0
Glenn Carey (Vice Preside) $10,800 $0 $0
T Chad Mathews (Treasurer) $10,800 $0 $0
Garry Meiggs (Director For) $8,100 $0 $0
Virgie P Whitehurst (Director For) $8,100 $0 $0
Robert Whitehead (Director) $5,750 $0 $0
Allen Layton (Director) $3,600 $0 $0
Melvin Ray Albertson (Director) $3,600 $0 $0
La Harris Jr (Director For) $2,700 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,566,599
Expenses
$30,834,562
Net Income
$732,037
Net Assets
$40,841,525
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,510,928
99.8%
Investment Income $55,671
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $430,768
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $90,333,147
Total Liabilities $49,491,622
Net Assets $40,841,525
Club or Co-Op Income
Income From Members $30,056,730
Income From Other Sources $1,129,691
Compensation
Key Employees and Officers Compensation Related Other
Gary W Ray (Exec Vp/Gm) $234,075 $0 $94,743
Kevin Heath (Mgr Engineer) $141,253 $0 $49,847
Clarissa Perry (Mgr Of Corpo) $121,862 $0 $50,425
Bobby Upton (Crew Leader) $116,934 $0 $44,493
Roy O'neal (Crew Leader) $110,832 $0 $42,536
James Parker (Mgr Operatio) $104,896 $0 $50,671
John W Spence (President) $13,650 $0 $0
Aubrey Tynch (Director) $12,100 $0 $0
T Chad Mathews (Director) $11,800 $0 $0
Thelma Finch Copeland (Secretary) $11,200 $0 $0
Glenn Carey (Vice Preside) $11,000 $0 $0
Virgie P Whitehurst (Treasurer) $10,800 $0 $0
Josiah A Webb Iii (Director) $10,800 $0 $0
La Harris Jr (Director) $10,300 $0 $0
Garry Meiggs (Director) $10,300 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,831,303
Expenses
$29,831,303
Net Income
$0
Net Assets
$36,641,439
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,622,265
99.3%
Investment Income $209,038
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $437,704
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $87,574,134
Total Liabilities $50,932,695
Net Assets $36,641,439
Club or Co-Op Income
Income From Members $28,736,642
Income From Other Sources $272,332
Compensation
Key Employees and Officers Compensation Related Other
Gary W Ray (Exec Vp/Gm) $231,335 $0 $92,375
Kevin Heath (Mgr Engineer) $135,158 $0 $47,036
Roy O'neal (Crew Leader) $121,720 $0 $41,221
Clarissa Perry (Mgr Of Corpo) $116,622 $0 $49,029
Bobby Upton (Crew Leader) $106,963 $0 $51,649
T Chad Mathews (Director) $14,456 $0 $0
Thelma Finch Copeland (Secretary) $14,256 $0 $0
Aubrey Tynch (Director) $14,256 $0 $0
Garry Meiggs (Director) $13,456 $0 $0
John W Spence (President) $13,156 $0 $0
Virgie P Whitehurst (Treasurer) $11,252 $0 $0
Josiah A Webb Iii (Director) $11,056 $0 $0
Glenn Carey (Vice Preside) $11,053 $0 $0
La Harris Jr (Director) $11,053 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,182,060
Expenses
$31,182,060
Net Income
$0
Net Assets
$34,001,577
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,942,313
99.2%
Investment Income $239,747
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $415,945
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $84,074,392
Total Liabilities $50,072,815
Net Assets $34,001,577
Club or Co-Op Income
Income From Members $30,374,956
Income From Other Sources $511,791
Compensation
Key Employees and Officers Compensation Related Other
Gary W Ray (Exec Vp/Gm) $222,301 $0 $88,243
Kevin Heath (Mgr Engineer) $123,303 $0 $44,353
Roy O'neal (Crew Leader) $109,578 $0 $39,213
Clarissa Perry (Mgr Of Corpo) $103,448 $0 $46,214
Bobby Upton (Crew Leader) $100,624 $0 $49,563
John W Spence (President) $14,420 $0 $0
Thelma Finch Copeland (Secretary) $13,070 $0 $0
Garry Meiggs (Director) $12,270 $0 $0
T Chad Mathews (Director) $11,870 $0 $0
Virgie P Whitehurst (Treasurer) $11,667 $0 $0
Josiah A Webb Iii (Director) $11,270 $0 $0
Glenn Carey (Vice Preside) $11,268 $0 $0
La Harris Jr (Director) $11,268 $0 $0
Aubrey Tynch (Director) $8,298 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,748,607
Expenses
$31,748,607
Net Income
$0
Net Assets
$30,853,289
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,581,218
99.5%
Investment Income $167,389
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $398,989
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $80,379,933
Total Liabilities $49,526,644
Net Assets $30,853,289
Club or Co-Op Income
Income From Members $30,764,770
Income From Other Sources $422,065
Compensation
Key Employees and Officers Compensation Related Other
Gary W Ray (Exec Vp/Gm) $210,498 $0 $87,096
Kevin Heath (Mgr Engineer) $116,781 $0 $42,654
Roy O'neal (Crew Leader) $105,274 $0 $36,851
Alan Stallings (Crew Leader) $105,094 $0 $37,429
Glenn Parks (Mgr Operatio) $103,282 $0 $58,138
John W Spence (President) $15,095 $0 $0
T Chad Mathews (Director) $12,400 $0 $0
Virgie P Whitehurst (Treasurer) $11,600 $0 $0
Garry Meiggs (Director) $11,200 $0 $0
Josiah A Webb Iii (Director) $11,000 $0 $0
La Harris Jr (Director) $10,800 $0 $0
Glenn Carey (Vice Preside) $10,500 $0 $0
Thelma Finch Copeland (Secretary) $10,500 $0 $0
Thomas Bateman (Director) $8,300 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,894,645
Expenses
$27,894,645
Net Income
$0
Net Assets
$28,483,077
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,720,419
99.4%
Investment Income $174,226
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $385,127
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $80,755,987
Total Liabilities $52,272,910
Net Assets $28,483,077
Club or Co-Op Income
Income From Members $27,334,927
Income From Other Sources $392,074
Compensation
Key Employees and Officers Compensation Related Other
Gary W Ray (Exec Vp/Gm) $203,674 $0 $81,460
Kevin Heath (Mgr Engineer) $110,319 $0 $39,233
Glenn Parks (Mgr Operatio) $102,727 $0 $51,907
John W Spence (President) $13,656 $0 $0
Garry Meiggs (Director) $11,406 $0 $0
T Chad Mathews (Director) $11,006 $0 $0
Virgie P Whitehurst (Treasurer) $10,903 $0 $0
Josiah A Webb Iii (Director) $10,806 $0 $0
La Harris Jr (Director) $10,804 $0 $0
Thomas Bateman (Director) $10,802 $0 $0
Thelma Finch Copeland (Secretary) $10,306 $0 $0
Glenn Carey (Vice Preside) $10,304 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,834,533
Expenses
$27,834,533
Net Income
$0
Net Assets
$26,711,603
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,691,493
99.5%
Investment Income $143,040
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $383,114
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $80,428,763
Total Liabilities $53,717,160
Net Assets $26,711,603
Club or Co-Op Income
Income From Members $26,403,962
Income From Other Sources $379,554
Compensation
Key Employees and Officers Compensation Related Other
Gary W Ray (Exec Vp/Gm) $202,651 $0 $76,870
Glenn Parks (Mgr Operatio) $101,334 $0 $49,827
John W Spence (President) $14,656 $0 $0
Garry Meiggs (Director) $11,806 $0 $0
La Harris Jr (Director) $11,404 $0 $0
Thelma Finch Copeland (Secretary) $11,006 $0 $0
Josiah A Webb Iii (Director) $11,006 $0 $0
Glenn Carey (Vice Preside) $10,804 $0 $0
Virgie P Whitehurst (Treasurer) $10,803 $0 $0
Thomas Bateman (Director) $9,902 $0 $0
Charles H Mathews (Director For) $9,505 $0 $0
T Chad Mathews (Director) $2,701 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,298,294
Expenses
$29,298,294
Net Income
$0
Net Assets
$25,592,126
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,149,436
99.5%
Investment Income $148,858
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $374,842
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $78,493,118
Total Liabilities $52,900,992
Net Assets $25,592,126
Club or Co-Op Income
Income From Members $28,164,245
Income From Other Sources $341,744

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,946,629
Expenses
$28,946,629
Net Income
$0
Net Assets
$24,166,121
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,863,283
99.7%
Investment Income $83,346
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $330,281
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $76,955,258
Total Liabilities $52,789,137
Net Assets $24,166,121
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,212,735
Expenses
$28,212,735
Net Income
$0
Net Assets
$22,690,116
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,142,777
99.8%
Investment Income $69,958
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $319,185
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $75,826,883
Total Liabilities $53,136,767
Net Assets $22,690,116
Club or Co-Op Income
Income From Members $26,949,183
Income From Other Sources $285,331

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,557,133
Expenses
$26,557,133
Net Income
$0
Net Assets
$21,158,612
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,339,591
99.2%
Investment Income $217,542
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $311,369
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $71,047,159
Total Liabilities $49,888,547
Net Assets $21,158,612
Club or Co-Op Income
Income From Members $26,285,111
Income From Other Sources $293,952

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,648,789
Expenses
$26,648,789
Net Income
$0
Net Assets
$20,651,941
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,405,716
99.1%
Investment Income $243,073
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $298,190
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $65,670,748
Total Liabilities $45,018,807
Net Assets $20,651,941
Club or Co-Op Income
Income From Members $25,849,706
Income From Other Sources $297,417

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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