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Filing year 2024

LUMBEE RIVER ELEC MEMBERSHIP CORP

Pembroke, North Carolina·EIN 56-0305124·501(c)(12)
Total revenue
$169.6M
Total assets
$419.6M
Total expenses
$170.7M
Reported officers
20
Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF LREMC.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 20 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

VP Info Tech
Board Vice President
Above 90th percentile
$333k
$353k
Base
$161k
Bonus
$13k
Other
Benefits
$8k
President &
Above 90th percentile
$333k
$353k
Base
$262k
Bonus
$16k
Other
Benefits
$23k
VP Member Sr
Board Vice President
75th to 90th percentile
$276k
$292k
Base
$159k
Bonus
$12k
Other
$6k
Benefits
$8k
Sup of Opera
Highest Compensated Employee
75th to 90th percentile
$247k
$262k
Base
$171k
Bonus
$6k
Other
$4k
Benefits
$15k
COO
75th to 90th percentile
$239k
$254k
Base
$184k
Bonus
$12k
Other
$7k
Benefits
$16k
VP of HR
Board Vice President
Median to 75th percentile
$209k
$222k
Base
$149k
Bonus
$9k
Other
Benefits
$15k
CFO
75th to 90th percentile
$204k
$217k
Base
$161k
Bonus
$11k
Other
Benefits
$23k
Director
Board Member
Median to 75th percentile
$23k
$24k
Director
Board Member
Median to 75th percentile
$20k
$21k
Chairman
Board Chair
25th percentile to median
$20k
$21k
Director
Board Member
Median to 75th percentile
$19k
$20k
Secretary
Officer (Unspecified)
$17k
$18k
Director
Board Member
25th percentile to median
$16k
$17k
Treasurer
Officer (Unspecified)
$16k
$17k
Vice Chairma
Board Vice Chair
Median to 75th percentile
$16k
$17k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$16k
$17k
Director
Board Member
25th percentile to median
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k

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.

Up 28%
from 2023

From $260k in 2023 to $333k in 2024.

$260k
2023
$333k
2024
In today's dollarsEst.
Up 25% in real terms$284k to $353k

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.

Pay for the position

Board Vice President pay rose 31% from 2023 to 2024, while revenue rose 7%.

$254k in 2023 to $333k in 2024.
  • Chief Executive Officer pay rose 28% from 2023 to 2024.
  • Highest Compensated Employee pay rose 3% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Revenue and expenses over time

LUMBEE RIVER ELEC MEMBERSHIP CORP reported revenue and expenses across 2 filing years.

RevenueExpenses
$158.2M
$161.7M
2023
$169.6M
$170.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about LUMBEE RIVER ELEC MEMBERSHIP CORP

What does the Board Vice President of LUMBEE RIVER ELEC MEMBERSHIP CORP earn?

In 2024, the Board Vice President of LUMBEE RIVER ELEC MEMBERSHIP CORP received $332,942 in total compensation. This pay is in the top 10% for Board Vice President roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Vice President pay at LUMBEE RIVER ELEC MEMBERSHIP CORP compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Vice President at LUMBEE RIVER ELEC MEMBERSHIP CORP falls in the top 10%.

What are LUMBEE RIVER ELEC MEMBERSHIP CORP's revenue and expenses?

In 2024, LUMBEE RIVER ELEC MEMBERSHIP CORP reported $169.6M in total revenue and $170.7M in total expenses on its IRS Form 990.

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