Haywood Electric Membership Corporation

Organization Overview

Haywood Electric Membership Corporation is located in Waynesville, 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 12/2021, Haywood Electric Membership Corporation employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haywood 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 12/2021, Haywood Electric Membership Corporation generated $47.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $47.4m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas H Batchelor Jr
CEO
$251,285
John Carver
Team Leader
$125,863
Anthony C Riddle
Sr. Journey
$124,227
Rex Larowe
COO
$120,898
John Raines
Team Leader
$115,944
Steven Milner
Manager Of O
$110,495

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Washy Gap Enterprises Inc
Tree Service
$1,442,684
Pike Electric Llc
Electric
$501,205
Asplundh Tree Expert Company
Tree Service
$492,755
Caney Fork Enterprises
Tree Service
$954,524
Southeast Woodland Services Inc
Tree Service
$261,729
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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$47,270,171
Investment income $90,241
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $984
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $47,361,396

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Haywood Electric Membership Corporation has recieved totaling $8,732.

Awarding OrganizationAmount
North Carolina Electric Membership Corporation

Raleigh, NC

PURPOSE: EDUCATIONAL ASSISTANCE

$8,732
View Grant Recipient Profile

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