Nonprofit · EIN 56-0193499
HAYWOOD ELECTRIC MEMBERSHIP CORPORATION
Tax-exempt · WAYNESVILLE, NC 28785
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $58,379,009 | $58,252,324 | $126,685 | $190,513,396 | $123,513,287 | $67,000,109 |
| December 31, 2024 | 990 | $53,780,602 | $53,012,888 | $767,714 | $178,821,545 | $114,878,242 | $63,943,303 |
| December 31, 2023 | 990 | $54,062,513 | $53,429,100 | $633,413 | $169,936,826 | $109,625,518 | $60,311,308 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $58,348,657
- Investment income
- $30,352
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $3,788,928
- Compensation of officers, directors and key employees
- $675,653
- Salaries, compensation and benefits (total)
- $675,653
- Professional fundraising fees
- $0
- Depreciation
- $6,769,360
Balance sheet and other
- Total assets, start of year
- $178,821,545
- Total assets, end of year
- $190,513,396
- Total liabilities, end of year
- $123,513,287
- Net assets, end of year
- $67,000,109
- Land, buildings and equipment
- $168,229,245
- Gross receipts
- $58,379,009
- Employees
- 86
- Year formed
- 1938
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS H BATCHELOR JR | EXEC. VP/CEO Officer | 50 | $398,589 | $68,351 |
| JOHN BOATE | ASSISTANT GM Highest-paid employee | 40 | $201,047 | $30,482 |
| JOHN RAINES | TEAM LEADER Highest-paid employee | 40 | $137,243 | $38,144 |
| JOHN CARVER | TEAM LEADER Highest-paid employee | 40 | $152,416 | $22,167 |
| JOSHUA DEAVER | COO Highest-paid employee | 40 | $146,074 | $26,445 |
| SCOTTIE MESSER | SEN. JOURNEY Highest-paid employee | 40 | $140,450 | $20,562 |
| LUCAS SORRELLS | PRESIDENT Trustee or director, Officer | 8 | $43,972 | $20,400 |
| ALAN ISRAEL | VICE PRESIDE Trustee or director, Officer | 8 | $11,162 | $23,500 |
| CLAY TALLEY | SEC./TREASUR Trustee or director, Officer | 5 | $26,942 | $0 |
| THOMAS CHIP WEBB | DIRECTOR Trustee or director | 4 | $26,122 | $0 |
| DAVID NOLAND | ASST. SEC./T Trustee or director, Officer | 2 | $17,622 | $6,000 |
| LEWIS CLARK | DIRECTOR Trustee or director | 4 | $21,089 | $0 |
| JAQUELINE HATCH | DIRECTOR Trustee or director | 5 | $11,904 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS H BATCHELOR JR | EXEC. VP/CEO Officer | 50 | $366,318 | $66,516 |
| JOHN BOATE | ASSISTANT GM Highest-paid employee | 40 | $184,749 | $25,098 |
| JOHN RAINES | TEAM LEADER Highest-paid employee | 40 | $145,353 | $37,710 |
| JOHN CARVER | TEAM LEADER Highest-paid employee | 40 | $155,193 | $22,521 |
| JOSHUA DEAVER | COO Highest-paid employee | 40 | $148,426 | $26,908 |
| STEVEN MILNER | MGR. OF OPER Highest-paid employee | 40 | $140,670 | $15,759 |
| L STEPHEN FOSTER | DIRECTOR Trustee or director | 4 | $53,638 | $0 |
| JAMES BOYETTE | DIRECTOR Trustee or director | 6 | $52,974 | $0 |
| LUCAS SORRELLS | VICE PRESIDE Trustee or director, Officer | 6 | $29,592 | $2,400 |
| CLAY TALLEY | SEC./TREASUR Trustee or director, Officer | 6 | $26,602 | $0 |
| ALAN ISRAEL | DIRECTOR Trustee or director | 5 | $3,282 | $23,000 |
| DAVID NOLAND | ASST. SEC./T Trustee or director, Officer | 3 | $18,302 | $6,000 |
| LARRY CLARK | PRESIDENT Trustee or director, Officer | 11 | $15,679 | $5,000 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS H BATCHELOR JR | CEO Officer | 50 | $340,473 | $61,394 |
| JOHN CARVER | TEAM LEADER Highest-paid employee | 40 | $142,467 | $20,640 |
| JOHN RAINES | TEAM LEADER Highest-paid employee | 40 | $121,898 | $35,926 |
| JEFFREY NOLAND | TEAM LEADER Highest-paid employee | 40 | $121,337 | $35,871 |
| JOHN BOATE | CFO Highest-paid employee | 40 | $120,351 | $22,345 |
| DYLON WINCHESTER | SR JOURNEYMA Highest-paid employee | 40 | $121,046 | $19,527 |
| CLAY TALLEY | SEC./TREASUR Trustee or director, Officer | 5 | $51,537 | $0 |
| LUCAS SORRELLS | VICE PRESIDE Trustee or director, Officer | 8 | $34,442 | $0 |
| LARRY CLARK | PRESIDENT Trustee or director, Officer | 13 | $23,962 | $0 |
| JAMES BOYETTE | DIRECTOR Trustee or director | 6 | $23,742 | $0 |
| L STEPHEN FOSTER | DIRECTOR Trustee or director | 3 | $22,382 | $0 |
| DAVID NOLAND | ASST. SEC./T Trustee or director, Officer | 3 | $20,002 | $0 |
| ALAN ISRAEL | DIRECTOR Trustee or director | 4 | $3,668 | $0 |
Address and contacts
- Address (IRS master file)
- 376 GRINDSTONE RD, WAYNESVILLE, NC 28785-6120
- Principal officer (990 for 2025)
- THOMAS H BATCHELOR JR, 376 GRINDSTONE ROAD, WAYNESVILLE, NC 28785
- Signed the 990
- THOMAS H BATCHELOR JR, EXEC. VP/CEO
- Phone
- (828) 452-2281
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
Program accomplishments
- TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0193499
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $190,513,396
- Income (IRS master file)
- $58,379,009
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $58,379,009 | $58,252,324 | $190,513,396 | XML |
| 990 | December 2024 | $53,780,602 | $53,012,888 | $178,821,545 | XML |
| 990 | December 2023 | $54,062,513 | $53,429,100 | $169,936,826 | XML |
| 990 | December 2022 | $51,992,815 | $50,771,813 | $169,931,039 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0193499).
Questions about HAYWOOD ELECTRIC MEMBERSHIP CORPORATION
- What is the EIN of HAYWOOD ELECTRIC MEMBERSHIP CORPORATION?
- The employer identification number (EIN) of HAYWOOD ELECTRIC MEMBERSHIP CORPORATION is 56-0193499.
- Is HAYWOOD ELECTRIC MEMBERSHIP CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1961.
- Are donations to HAYWOOD ELECTRIC MEMBERSHIP CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HAYWOOD ELECTRIC MEMBERSHIP CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HAYWOOD ELECTRIC MEMBERSHIP CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HAYWOOD ELECTRIC MEMBERSHIP CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HAYWOOD ELECTRIC MEMBERSHIP CORPORATION?
- The 990 for the year ended December 31, 2025 names THOMAS H BATCHELOR JR.
- Who are the officers and directors of HAYWOOD ELECTRIC MEMBERSHIP CORPORATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 13 received compensation from the organization, the highest $398,589 (THOMAS H BATCHELOR JR, EXEC. VP/CEO).
- How much revenue does HAYWOOD ELECTRIC MEMBERSHIP CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $58,379,009, expenses of $58,252,324 and total assets of $190,513,396 at year end.
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