Blue Ridge Mountain Electric Membership Corp 101-10 Irc

Organization Overview

Blue Ridge Mountain Electric Membership Corp 101-10 Irc is located in Young Harris, GA. The organization was established in 1943. 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 06/2022, Blue Ridge Mountain Electric Membership Corp 101-10 Irc employed 250 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Ridge Mountain Electric Membership Corp 101-10 Irc 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 06/2022, Blue Ridge Mountain Electric Membership Corp 101-10 Irc generated $112.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $112.1m during the year ending 06/2022. While expenses have increased by 4.2% 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

TO COST-EFFECTIVELY DISTRIBUTE ELECTRIC AND BROADBAND SERVICES TO OUR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BLUE RIDGE MOUNTAIN ELECTRIC MEMBERSHIP CORPORATION IS A MEMBER-OWNED ELECTRIC COOPERATIVE PROVIDING OVER 60,000 SERVICES TO ITS MEMBERS IN THREE COUNTIES IN NORTH GEORGIA AND TWO COUNTIES IN NORTH CAROLINA. THESE SERVICES INCLUDE ELECTRICITY, BROADBAND, VOICE, AND VIDEO.


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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$109,282,695
Investment income $207,156
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,553,636
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 $112,097,199

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