Mission
ALBEMARLE EMC STRIVES TO SAFELY DELIVER RELIABLE POWER AND RELATED ENERGY SOLUTIONS TO OUR MEMBERS AND LOCAL COMMUNITIES BY PROVIDING THE HIGHEST VALUE THROUGH SERVICE EXCELLENCE.
Public Charity
ALBEMARLE ELECTRIC MEMBERSHIP CORP
Based in HERTFORD, NC, ALBEMARLE ELECTRIC MEMBERSHIP CORP operates as a Public Charity. The organization reported $37.0M in revenue, $37.0M in expenses, $103.2M in total assets for fiscal year 2025.
EIN: 560475840
HERTFORD, NC
Latest filing: 2025
Total Revenue$37.0M
Total Expenses$37.0M
Total Assets$103.2M
Grant Records0
Filing Years2021–2025
Where $100 goes at Albemarle Electric Membership Corp
How Albemarle Electric Membership Corp 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 safe and reliable electricity to all who desire it within the counties we serve
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.
Officers & Directors
DIRECTOR
Allen Layton
MGR OF OPERA
Bobby Upton
LINEMAN 1ST
Christopher White
PRESIDENT
John W Spence
DIRECTOR
Josiah A Webb Iii
EXEC VP/GM
Kevin Heath
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $37.0M | $37.0M | $103.2M |
| 2024 | $33.5M | $33.5M | $100.4M |
| 2023 | $32.1M | $32.1M | $97.6M |
| 2022 | $32.4M | $32.4M | $94.7M |
| 2021 | $31.6M | $30.8M | $90.3M |
Between 2021 and 2025, reported annual revenue grew from $31.6M to $37.0M (+17%), with total assets most recently reported at $103.2M.
Interactive year-over-year charts and full filing details available with membership.