Skip to main content
Filing year 2024

ALBEMARLE ELECTRIC MEMBERSHIP CORP

Hertford, North Carolina·EIN 56-0475840·12
Total revenue
$33.5M
Total assets
$100.4M
Total expenses
$33.5M
Reported officers
15
Mission

ALBEMARLE EMC STRIVES TO SAFELY DELIVER RELIABLE POWER AND RELATED ENERGY SOLUTIONS TO OUR MEMBERS AND LOCAL COMMUNITIES BY PROVIDING THE HIGHEST VALUE THROUGH SERVICE EXCELLENCE.

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

Exec Vp/gm
officer (unspecified)
$304k
$323k
Base
$206k
Bonus
$500
Other
$19k
Benefits
$12k
Mgr of Corpo
highest compensated employee
$205k
$217k
Base
$134k
Bonus
$500
Other
$13k
Benefits
$13k
Crew Leader
highest compensated employee
$194k
$206k
Base
$130k
Bonus
$500
Other
$11k
Benefits
$15k
Mgr of Opera
highest compensated employee
$188k
$200k
Base
$126k
Bonus
$500
Other
$8k
Benefits
$13k
Crew Leader
highest compensated employee
$187k
$198k
Base
$132k
Bonus
$500
Other
$7k
Benefits
$12k
Lineman 1st
highest compensated employee
$175k
$186k
Base
$121k
Bonus
$500
Other
$9k
Benefits
$13k
$15k
$16k
Secretary
officer (unspecified)
$13k
$14k
Director
board member
$12k
$13k
Treasurer
officer (unspecified)
$12k
$13k
Vice Preside
vice president
$11k
$12k
Director
board member
$11k
$12k
Director
board member
$11k
$11k
Director
board member
$11k
$11k
Director
board member
$4k
$4k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 25%
from 2023

From $406k in 2023 to $304k in 2024.

$406k
2023
$304k
2024
In today's dollarsEst.
Down 27% in real terms$443k to $323k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

ALBEMARLE ELECTRIC MEMBERSHIP CORP reported revenue and expenses across 2 filing years.

RevenueExpenses
$32.1M
$32.1M
2023
$33.5M
$33.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Create free account
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.