Public Charity

SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION

SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION, of DUNN, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $127.6M in revenue, $126.8M in expenses, $341.8M in total assets. 12 publicly reported grants to this organization, totaling roughly $130K, appear in IRS filings.

EIN: 560405464 DUNN, NC Latest filing: 2025
Total Revenue$127.6M
Total Expenses$126.8M
Total Assets$341.8M
Grant Records12
Funding Total$130K
Filing Years2021–2025

Mission

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.

Where $100 goes at South River Electric Membership Corporation

How South River Electric Membership Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$100 Programs the work itself
<$1 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $100 for programs

$100
To provide the best possible electric service to all who desire it within the areas which it serves
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

$10,970
$10,970
$10,970
$10,970

Showing up to 5 of 12 total records — full history available with membership.

Officers & Directors

CFO Andrew A Hardy
VP - IT Andrew Radford
VP OF MEMBER Catherine O'dell
EXECUTIVE VP Christopher M Spears
PRESIDENT Clarence Wayne Collier Jr
VP OF ENG/OP David Keith

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$99,680 9 grants
General Support
$10,000 1 grant
Unspecified
$20,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2025 $127.6M $126.8M $341.8M
2024 $113.2M $111.6M $324.3M
2023 $109.7M $107.5M $303.0M
2022 $110.2M $108.7M $282.2M
2021 $105.4M $102.8M $271.2M

Between 2021 and 2025, reported annual revenue grew from $105.4M to $127.6M (+21%), with total assets most recently reported at $341.8M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION

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