Pee Dee Electric Membership Corporation

Organization Overview

Pee Dee Electric Membership Corporation is located in Lilesville, NC. The organization was established in 1961. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Pee Dee Electric Membership Corporation employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pee Dee Electric Membership Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2023, Pee Dee Electric Membership Corporation generated $50.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $51.6m during the year ending 12/2023. While expenses have increased by 1.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Pee Dee Electric Membership Corporation has awarded 63 individual grants totaling $468,375. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF PDEMC

Describe the Organization's Program Activity:

Part 3 - Line 4a

SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF PDEMC. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 28,911,969 DEPRECIATION AND AMORTIZATION 5,744,420 OTHER SALARIES AND WAGES 5,649,761


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Board, Officers & Key Employees

Name (title)Compensation
Donald H Spivey
CEO & Exec.
$284,832
Anthony Eason
VP Eng. & Op
$171,880
Jake Mcgee
District Mgr
$134,844
David Burr
District Mgr
$124,996
Chris Parker
Crew Foreman
$130,727
Sandy Baldwin
Crew Foreman
$115,832

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Xylem
Right Of Way
$1,729,399
Lee Electrical Construction
Construction
$1,067,296
Meridian Cooperative
Comp. Software
$619,804
Union Power Cooperative
Dispatching
$226,641
Helena Agri-enterprises Inc
Right Of Way
$152,438
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$110,585
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$110,585
Total Program Service Revenue$49,694,826
Investment income $94,418
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $421,390
Net Gain/Loss on Asset Sales $99,425
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $50,345,401

Grants Awarded

Over the last fiscal year, Pee Dee Electric Membership Corporation has awarded $67,212 in support to 9 organizations.

Grant RecipientAmount

CITY OF HAMLET FD

PURPOSE: EQUIPMENT PURCHASE

$7,500

EAST ROCKINGHAM FD

PURPOSE: EQUIPMENT PURCHASE

$7,500

HAMLET RESCUE & EMS

PURPOSE: EQUIPMENT PURCHASE

$7,500

HOFFMAN FD

PURPOSE: EQUIPMENT PURCHASE

$7,500

WEST END FIRE & RESCUE

PURPOSE: EQUIPMENT PURCHASE

$7,500

CANDOR VOL FD

PURPOSE: EQUIPMENT PURCHASE

$7,500
View Grant Profile

Peer Organizations

Organization NameAssets
Southwest Tennessee Electric Membership Corp
Brownsville, TN
$132,788,370
Appalachian Electric Cooperative
New Market, TN
$126,269,477
Blue Ridge Mountain Electric Membership Corp 101-10 Irc
Young Harris, GA
$118,245,767
Diverse Power Incorporated
Lagrange, GA
$117,227,225
Gibson Electric Membership Corp
Trenton, TN
$121,430,242
Institute Of Nuclear Power Operations
Atlanta, GA
$103,717,427
Central Virginia Electric Cooperative
Lovingston, VA
$114,615,100
Amicalola Electric Membership Corp
Jasper, GA
$110,407,403
South River Electric Membership Corporation
Dunn, NC
$110,165,030
Sequachee Valley Electric Cooperative
South Pittsburg, TN
$112,585,937
Wake Electric Membership Corp
Wake Forest, NC
$105,727,856
Holston Electric Cooperative Inc
Rogersville, TN
$101,432,047
Four County Electric Membership Corp
Burgaw, NC
$108,859,188
Pee Dee Electric Cooperative Inc
Darlington, SC
$97,590,031
Mecklenburg Electric Cooperative
Chase City, VA
$100,631,363
Georgia System Operations Corporation
Tucker, GA
$92,308,341
Okefenoke Rural Electric Membership Corporation
Nahunta, GA
$88,852,838
A & N Electric Cooperative
Tasley, VA
$86,304,717
Hart Electric Membership Corp
Hartwell, GA
$84,757,035
French Broad Electric Membership Corporation
Marshall, NC
$85,151,420
Fort Loudoun Electric Cooperative
Vonore, TN
$82,796,643
Fairfield Electric Cooperative Inc
Blythewood, SC
$83,149,712
Black River Electric Cooperative Inc
Sumter, SC
$81,509,499
Habersham Electric Membership Corp
Clarkesville, GA
$76,985,449
Jefferson Energy Cooperative
Wrens, GA
$79,306,347

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