Nonprofit · EIN 56-0358446
PIEDMONT ELECTRIC MEMBERSHIP CORP
Tax-exempt · HILLSBOROUGH, NC 27278
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $83,060,504 | $83,060,504 | $0 | $275,938,797 | $195,255,941 | $80,682,856 |
| December 31, 2024 | 990 | $79,582,645 | $79,582,645 | $0 | $247,993,916 | $170,544,088 | $77,449,828 |
| December 31, 2023 | 990 | $76,825,164 | $76,825,164 | $0 | $237,741,149 | $162,492,769 | $75,248,380 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $82,689,806
- Investment income
- $362,274
- Net rental income
- $8,424
- Other revenue
- $8,424
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $4,779,671
- Compensation of officers, directors and key employees
- $629,485
- Other salaries and wages
- $9,616,137
- Salaries, compensation and benefits (total)
- $14,191,724
- Professional fundraising fees
- $0
- Depreciation
- $9,700,131
- Program services (functional)
- $83,060,504
Balance sheet and other
- Total assets, start of year
- $247,993,916
- Total assets, end of year
- $275,938,797
- Total liabilities, end of year
- $195,255,941
- Net assets, end of year
- $80,682,856
- Land, buildings and equipment
- $218,460,117
- Gross receipts
- $83,111,631
- Employees
- 96
- 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 |
|---|---|---|---|---|
| JORDAN OVERBEE | PRESIDENT/GM Officer | 50 | $306,067 | $58,002 |
| LISA KENNEDY | VP FIN. SRVC Highest-paid employee | 50 | $253,696 | $82,541 |
| JARROD KILGORE | VP - ENGINEE Highest-paid employee | 50 | $212,680 | $46,741 |
| BRANDON REED | MGR OF MBR S Highest-paid employee | 50 | $175,030 | $66,637 |
| SARAH BOHLIN | VP - CORP. S Highest-paid employee | 50 | $187,224 | $34,175 |
| JOE HUX | MGR OF OPERA Highest-paid employee | 50 | $167,984 | $23,624 |
| JAMES RANDY KINLEY | CHAIRMAN Trustee or director, Officer | 6.64 | $37,040 | $0 |
| V KAY SCURLOCK-FERGUSON | DIRECTOR Trustee or director | 7.3 | $36,609 | $0 |
| JIMMY THOMAS | DIRECTOR Trustee or director | 3.62 | $28,481 | $0 |
| DARREN CHALK | DIRECTOR Trustee or director | 4.25 | $28,481 | $0 |
| STEPHEN LONG | TREASURER Trustee or director, Officer | 8.49 | $27,470 | $0 |
| STEVEN BAILEY | VICE-CHAIRMA Trustee or director, Officer | 3.17 | $25,635 | $0 |
| CYRUS VERNON | DIRECTOR Trustee or director | 3.63 | $25,205 | $0 |
| DAVID POYTHRESS | SECRETARY Trustee or director, Officer | 3.58 | $24,001 | $0 |
| KIMBERLY WOODS | DIRECTOR (EF Trustee or director | 3.07 | $19,711 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHAL VANHOOK | DIRECTOR (TH Trustee or director | 7.87 | $12,783 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE HAMLIN | PRESIDENT/GM Officer | 50 | $322,369 | $92,094 |
| LAWRENCE HOPKINS | VP - ENGINEE Highest-paid employee | 50 | $255,205 | $92,605 |
| LISA KENNEDY | VP FINANCIAL Highest-paid employee | 50 | $238,789 | $79,468 |
| ROBERT RILEY | VP OF OPERAT Highest-paid employee | 50 | $253,301 | $24,741 |
| SUSAN CASHION | VP COMPL. & Highest-paid employee | 50 | $167,330 | $79,806 |
| BRANDON REED | MGR OF MBR S Highest-paid employee | 50 | $169,135 | $63,932 |
| JORDAN OVERBEE | PRESIDENT/GM Officer | 50 | $154,576 | $11,495 |
| JAMES RANDY KINLEY | CHAIRMAN Trustee or director, Officer | 10.16 | $46,287 | $0 |
| V KAY SCURLOCK-FERGUSON | DIRECTOR Trustee or director | 12.3 | $40,214 | $0 |
| RICHAL VANHOOK | TREASURER Trustee or director, Officer | 6.9 | $35,595 | $0 |
| STEVEN BAILEY | VICE-CHAIRMA Trustee or director, Officer | 7.69 | $34,369 | $0 |
| CYRUS VERNON | DIRECTOR Trustee or director | 6.17 | $33,408 | $0 |
| DARREN CHALK | DIRECTOR Trustee or director | 6.96 | $32,898 | $0 |
| JIMMY THOMAS | DIRECTOR Trustee or director | 5.05 | $31,005 | $0 |
| DAVID POYTHRESS | SECRETARY Trustee or director, Officer | 5.49 | $29,743 | $0 |
| STEPHEN LONG | DIRECTOR Trustee or director | 7.81 | $28,732 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE HAMLIN | PRESIDENT & Officer | 50 | $288,561 | $106,374 |
| SUSAN CASHION | VP COMPL. & Highest-paid employee | 50 | $244,640 | $80,478 |
| LAWRENCE HOPKINS | MGR - ENGINE Highest-paid employee | 50 | $238,093 | $84,064 |
| LISA KENNEDY | VP FINANCIAL Highest-paid employee | 50 | $231,300 | $73,445 |
| ROBERT RILEY | VP OF OPERAT Highest-paid employee | 50 | $240,666 | $55,119 |
| BRANDON REED | MGR OF MBR S Highest-paid employee | 50 | $168,733 | $59,605 |
| V KAY SCURLOCK-FERGUSON | DIRECTOR Trustee or director | 8.46 | $36,609 | $0 |
| STEVEN BAILEY | VICE-CHAIRMA Trustee or director, Officer | 5.45 | $33,548 | $0 |
| RICHAL VANHOOK | TREASURER Trustee or director, Officer | 6 | $33,107 | $0 |
| JAMES RANDY KINLEY | CHAIRMAN Trustee or director, Officer | 5.06 | $30,526 | $0 |
| BILL BARBER | DIRECTOR Trustee or director | 3.63 | $28,953 | $0 |
| CYRUS VERNON | DIRECTOR Trustee or director | 4.43 | $28,850 | $0 |
| DAVID POYTHRESS | SECRETARY Trustee or director, Officer | 4.57 | $28,128 | $0 |
| STEPHEN LONG | DIRECTOR Trustee or director | 8.2 | $27,493 | $0 |
| ELIZABETH TOWNSEND | DIRECTOR Trustee or director | 2.38 | $14,569 | $0 |
Address and contacts
- Address (IRS master file)
- 2500 HWY 86 S, HILLSBOROUGH, NC 27278-0000
- Principal officer (990 for 2025)
- JORDAN OVERBEE, PO DRAWER 1179, HILLSBOROUGH, NC 27278
- Signed the 990
- JORDAN OVERBEE, PRESIDENT/GM
- Phone
- (919) 732-2123
- Website
- WWW.PEMC.COOP
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITIES BY EMPOWERING AND PARTNERING WITH OUR MEMBERS. WE STRIVE TO CREATE SUPERIOR VALUE FOR OUR MEMBERS IN AN EVER CHANGING ENERGY ENVIRONMENT.
Program accomplishments
- N/A
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
- 56-0358446
- 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)
- $275,938,797
- Income (IRS master file)
- $83,111,631
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $83,060,504 | $83,060,504 | $275,938,797 | XML |
| 990 | December 2024 | $79,582,645 | $79,582,645 | $247,993,916 | XML |
| 990 | December 2023 | $76,825,164 | $76,825,164 | $237,741,149 | XML |
| 990 | December 2022 | $67,548,545 | $67,548,545 | $231,845,259 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 56-0358446).
Questions about PIEDMONT ELECTRIC MEMBERSHIP CORP
- What is the EIN of PIEDMONT ELECTRIC MEMBERSHIP CORP?
- The employer identification number (EIN) of PIEDMONT ELECTRIC MEMBERSHIP CORP is 56-0358446.
- Is PIEDMONT ELECTRIC MEMBERSHIP CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1961.
- Are donations to PIEDMONT ELECTRIC MEMBERSHIP CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PIEDMONT 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 PIEDMONT 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 PIEDMONT 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 PIEDMONT ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2025 names JORDAN OVERBEE.
- Who are the officers and directors of PIEDMONT ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $306,067 (JORDAN OVERBEE, PRESIDENT/GM).
- How much revenue does PIEDMONT ELECTRIC MEMBERSHIP CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $83,060,504, expenses of $83,060,504 and total assets of $275,938,797 at year end.
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