Nonprofit · EIN 56-0371555
RANDOLPH ELECTRIC MEMBERSHIP CORP
Tax-exempt · ASHEBORO, NC 27205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $85,237,716 | $85,237,716 | $0 | $220,420,405 | $145,271,795 | $75,148,610 |
| December 31, 2024 | 990 | $80,699,688 | $80,699,688 | $0 | $208,914,035 | $139,894,269 | $69,019,766 |
| December 31, 2023 | 990 | $72,253,775 | $72,253,775 | $0 | $200,927,558 | $137,294,286 | $63,633,272 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $85,048,343
- Investment income
- $124,576
- Other revenue
- $64,797
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $7,628,294
- Compensation of officers, directors and key employees
- $478,647
- Salaries, compensation and benefits (total)
- $478,647
- Professional fundraising fees
- $0
- Depreciation
- $7,440,697
Balance sheet and other
- Total assets, start of year
- $208,914,035
- Total assets, end of year
- $220,420,405
- Total liabilities, end of year
- $145,271,795
- Net assets, end of year
- $75,148,610
- Land, buildings and equipment
- $171,424,808
- Gross receipts
- $85,237,716
- Employees
- 92
- Year formed
- 1939
- 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 |
|---|---|---|---|---|
| DENNIS MABE | CEO Officer | 50 | $312,443 | $12,755 |
| AUBIN REYNOLDS | VP ENGINEERI Highest-paid employee | 50 | $185,907 | $62,893 |
| JAY ALBRIGHT | DISTRICT VP Highest-paid employee | 50 | $226,317 | $12,717 |
| MICHAEL TRENT | VP MEM SRVC/ Highest-paid employee | 50 | $184,247 | $46,360 |
| FRED SMITH | VP ENGINEERI Highest-paid employee | 50 | $209,109 | $12,474 |
| TRACY BATES | LINE SUPERIN Highest-paid employee | 48.6 | $157,270 | $51,417 |
| TAMMIE PHILLIPS | PRESIDENT Trustee or director, Officer | 8.07 | $22,856 | $0 |
| SCOTT COLE | ASST. SEC./T Trustee or director, Officer | 5.05 | $18,006 | $0 |
| JERRY BOWMAN | DIRECTOR Trustee or director | 4.16 | $14,153 | $3,600 |
| LEE ISLEY | SECRETARY/TR Trustee or director, Officer | 4.63 | $17,306 | $0 |
| JEFF SUGG | DIRECTOR Trustee or director | 3.32 | $16,606 | $0 |
| STEVE HARRIS | DIRECTOR Trustee or director | 4.36 | $517 | $15,739 |
| WILLIAM MANESS | VICE PRESIDE Trustee or director, Officer | 3.16 | $57 | $15,600 |
| DELBERT CRANFORD | DIRECTOR Trustee or director | 2.37 | $2,680 | $11,825 |
| LARRY ROUTH | DIRECTOR Trustee or director | 2.29 | $14,504 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DALE LAMBERT | CEO Officer | 50 | $373,105 | $13,830 |
| DENNIS MABE | CEO Officer | 50 | $265,322 | $11,858 |
| JAY ALBRIGHT | DISTRICT VP Highest-paid employee | 50 | $205,697 | $11,647 |
| TRACY BATES | LINE SUPERIN Highest-paid employee | 49.8 | $161,514 | $49,084 |
| JACOB BARLOW | VP ENG. & OP Highest-paid employee | 50 | $182,357 | $26,736 |
| TONY COLE | ENG. SUPERIN Highest-paid employee | 46.9 | $158,414 | $47,317 |
| FRED SMITH | VP ECO. DEVL Highest-paid employee | 50 | $177,248 | $11,738 |
| TAMMIE PHILLIPS | PRESIDENT Trustee or director, Officer | 7.72 | $21,606 | $0 |
| JERRY BOWMAN | DIRECTOR Trustee or director | 5.15 | $15,453 | $3,600 |
| SCOTT COLE | ASST. SEC./T Trustee or director, Officer | 4.53 | $17,656 | $0 |
| LEE ISLEY | SECRETARY/TR Trustee or director, Officer | 4.6 | $16,956 | $0 |
| WILLIAM MANESS | VICE PRESIDE Trustee or director, Officer | 3.8 | $23 | $16,483 |
| JEFF SUGG | DIRECTOR Trustee or director | 3.16 | $14,956 | $0 |
| STEVE HARRIS | DIRECTOR Trustee or director | 3.17 | $23 | $14,583 |
| DELBERT CRANFORD | DIRECTOR Trustee or director | 2.39 | $2,855 | $11,649 |
| LARRY ROUTH | DIRECTOR Trustee or director | 2.23 | $14,354 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DALE LAMBERT | CEO Officer | 50 | $368,219 | $15,587 |
| DENNIS MABE | COO Highest-paid employee | 50 | $213,889 | $39,401 |
| JAY ALBRIGHT | DISTRICT VP Highest-paid employee | 50 | $186,671 | $35,871 |
| TONY COLE | JOURNEYMAN/F Highest-paid employee | 50 | $147,744 | $41,898 |
| FRED SMITH | VP BUS. DEVL Highest-paid employee | 50 | $168,971 | $10,623 |
| DANIEL MANESS | LINE SUPERIN Highest-paid employee | 50 | $147,147 | $14,790 |
| TAMMIE PHILLIPS | PRESIDENT Trustee or director, Officer | 10.64 | $23,306 | $0 |
| JERRY BOWMAN | DIRECTOR Trustee or director, Officer | 6.26 | $17,603 | $3,600 |
| SCOTT COLE | ASST. SEC./T Trustee or director | 6.7 | $19,506 | $0 |
| LEE ISLEY | SECRETARY/TR Trustee or director, Officer | 5.88 | $19,456 | $0 |
| JEFF SUGG | DIRECTOR Trustee or director | 4.17 | $16,456 | $0 |
| LARRY ROUTH | DIRECTOR Trustee or director | 3.72 | $16,054 | $0 |
| WILLIAM MANESS | VICE PRESIDE Trustee or director, Officer | 4.06 | $23 | $15,633 |
| DELBERT CRANFORD | DIRECTOR Trustee or director | 3.24 | $3,721 | $11,833 |
| STEVE HARRIS | DIRECTOR Trustee or director | 3.47 | $56 | $15,000 |
Address and contacts
- Address (IRS master file)
- 879 MCDOWELL RD, ASHEBORO, NC 27205-7236
- Principal officer (990 for 2025)
- DENNIS MABE, PO BOX 40, ASHEBORO, NC 27204
- Signed the 990
- DENNIS MABE, CEO
- Phone
- (336) 625-5177
- Website
- WWW.RANDOLPHEMC.COM
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
RANDOLPH ELECTRIC MEMBERSHIP CORPORATION IS DEDICATED TO THE DELIVERY OF ENERGY AND SUPERIOR SERVICES IN RESPONSE TO THE NEEDS OF OUR MEMBERS AND COMMUNITIES.
Program accomplishments
- RANDOLPH ELECTRIC MEMBERSHIP CORPORATION IS DEDICATED TO THE DELIVERY OF ENERGY AND SUPERIOR SERVICES IN RESPONSE TO THE NEEDS OF ITS MEMBERS AND COMMUNITIES.
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
- 56-0371555
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $220,420,405
- Income (IRS master file)
- $85,237,716
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $85,237,716 | $85,237,716 | $220,420,405 | XML |
| 990 | December 2024 | $80,699,688 | $80,699,688 | $208,914,035 | IRS |
| 990 | December 2023 | $72,253,775 | $72,253,775 | $200,927,558 | XML |
| 990 | December 2022 | $73,459,257 | $73,459,257 | $191,252,584 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 56-0371555).
Questions about RANDOLPH ELECTRIC MEMBERSHIP CORP
- What is the EIN of RANDOLPH ELECTRIC MEMBERSHIP CORP?
- The employer identification number (EIN) of RANDOLPH ELECTRIC MEMBERSHIP CORP is 56-0371555.
- Is RANDOLPH ELECTRIC MEMBERSHIP CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1966.
- Are donations to RANDOLPH ELECTRIC MEMBERSHIP CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RANDOLPH ELECTRIC MEMBERSHIP CORP 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 RANDOLPH ELECTRIC MEMBERSHIP CORP 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 RANDOLPH ELECTRIC MEMBERSHIP CORP 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 RANDOLPH ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2025 names DENNIS MABE.
- Who are the officers and directors of RANDOLPH ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $312,443 (DENNIS MABE, CEO).
- How much revenue does RANDOLPH ELECTRIC MEMBERSHIP CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $85,237,716, expenses of $85,237,716 and total assets of $220,420,405 at year end.
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