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. 11 publicly reported grants to this organization, totaling roughly $119K, appear in IRS filings.

EIN: 560405464 DUNN, NC Latest filing: 2025
Total Revenue$127.6M
Total Expenses$126.8M
Total Assets$341.8M
Grant Records11
Funding Total$119K
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.

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

EDUCATIONAL ASSISTANCE
$88,710 8 grants
Unspecified
$20,000 2 grants
COMMUNITY GRANT
$10,000 1 grant

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.

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