Surry-Yadkin Electric Membership Corporation

Organization Overview

Surry-Yadkin Electric Membership Corporation is located in Dobson, 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 12/2022, Surry-Yadkin Electric Membership Corporation employed 81 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Surry-Yadkin 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 12/2022, Surry-Yadkin Electric Membership Corporation generated $60.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $60.4m during the year ending 12/2022. While expenses have increased by 2.2% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE OUTSTANDING SERVICE THAT POWERS OUR RURAL COMMUNITIES

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 SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pike Electric Inc
Plant Construct
$2,905,753
Lee Electrical Construction Inc
Plant Construct
$2,176,577
Carter Utility Tree Service Inc
Row Trimming
$1,390,179
Davey Resource Group Inc
Data Collection
$783,111
Top Gun Application Services Llc
Row Spraying
$419,569
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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$59,911,943
Investment income $273,638
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $60,388,840

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Surry-Yadkin Electric Membership Corporation has recieved totaling $6,250.

Awarding OrganizationAmount
North Carolina Electric Membership Corporation

Raleigh, NC

PURPOSE: EDUCATIONAL ASSISTANCE

$6,250
View Grant Recipient Profile

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