Overview

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Est.

1940

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

South River Electric Membership Corporation (EIN: 56-0405464) is a locally-owned electric cooperative dedicated to providing safe, reliable, and competitively-priced electricity to its members. With an operating budget of $108.5 million and total revenue of $113.2 million for the filing year 2024, the organization emphasizes high standards of performance and integrity, prioritizing member empowerment and satisfaction. South River does not rely on a single funder for 50% or more of its revenue and operates with a commitment to excellence in the public utilities sector. For more information, visit www.sremc.com.

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.
Revenues
$113.2M
Expenses
$111.6M
Net Income:
+$1.6M
Assets
$324.3M
Liabilities
$197.9M
Net Assets:
+$126.4M
Operating Budget
$108.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$10.5K
Largest grant received
$11K
A
Andrew a Hardy
Board Member
C
Clarence Wayne Collier Jr
Board Member
K
Kelly Harrington
Board Member

Frequently Asked Questions

What is SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION’s budget?
In 2024, SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION reported an annual operating budget of around $108.5 million. More detailed financial information is available to registered users.
What causes does SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION support?
SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION supports work in Public utilities.
Where does SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION operate?
SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION is headquartered in DUNN, NC.
Who funded SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION recently?
In 2024, SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION received grants from NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION, SOUTH RIVER EMC COMMUNITY ASSISTANCE CORPORATION, and NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION. More information on this organization’s funders is available to registered users.
What is the largest grant SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION received in 2024?
The largest grant to SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION in 2024 exceeds $11 thousand.