2026-02-24T13:58:01-05:00 2025-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2025-01-01 560475840 ALBEMARLE ELECTRIC MEMBERSHIP CORP ALBE 2524265735 PO BOX 69 HERTFORD NC 279440069 KEVIN HEATH EXEC VP/GM 8002159915 2026-02-21 true WILLIAM R ROUNTREE P01231836 4787466277 2026-02-24 2025 2025-03-06 01:10:19Z KEVIN HEATH PO BOX 69 HERTFORD NC 27994 37006663 false X HTTP://WWW.AEMC.COOP X 1945 NC 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. 9 9 41 0 0 33357921 36893120 143974 113543 0 33501895 37006663 0 2174565 2611390 404818 460644 0 0 30922512 33934629 33501895 37006663 0 100410524 103225251 53773889 54843464 46636635 48381787 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. false false TO PROVIDE SAFE AND RELIABLE ELECTRICITY TO ALL WHO DESIRE IT WITHIN THE COUNTIES WE SERVE. false false false false false false false false false true false true false true false true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 27 0 true 41 true false false false false false 36192896 420639 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false NC X ERIN STALLINGS ALBEMARLE EMC 2524265735 PO BOX 69 HERTFORD NC 27944 X JOHN W SPENCE PRESIDENT 3.78 X X 15150 0 0 ROBERT WHITEHEAD VICE PRESIDE 2.38 X X 13200 0 0 T CHAD MATHEWS TREASURER 0.99 X X 11800 0 0 THELMA FINCH-COPELAND SECRETARY 3.83 X X 15600 0 0 MELVIN RAY ALBERTSON DIRECTOR 2.10 X 12800 0 0 LINDA FELTON BURRUS DIRECTOR 2.85 X 14000 0 0 ALLEN LAYTON DIRECTOR 1.89 X 13800 0 0 JOSIAH A WEBB III DIRECTOR 0.83 X 11000 0 0 MICAHEL J WHITEHURST DIRECTOR 2.15 X 12800 0 0 KEVIN HEATH EXEC VP/GM 50.00 X 249989 0 90505 MICHAEL T RIDDICK MGR OF TECH. 50.00 X 122157 0 66634 BOBBY UPTON MGR OF OPERA 50.00 X 146594 0 54603 PAUL BYRUM CREW LEADER 40.00 X 133710 0 50154 ROY O'NEAL MGR OF OPERA 50.00 X 137881 0 57317 CHRISTOPHER WHITE LINEMAN 1ST 40.00 X 135904 0 47227 1046385 366440 12 false true false RIVER CITY CONSTRUCTION 3534 CHERRY RUN RD WASHINGTON NC 27889 CONSTRUCTION 3001109 COLE UNDERGROUND 151 LEE CT KILL DEVIL HILLS NC 279489170 UNDERGROUND 717940 JOHN LUCAS TREE EXPERTS 12 NORTHBOOK DR FALMOUTH ME 04105 ROW 538939 XYLEM TREE EXPERTS 208 E PLUME ST SUITE 250 NORFOLK VA 23510 ROW 306957 AR CHESSON CONSTRUCTION PO BOX 1147 WILLIAMSTON NC 27892 CONSTRUCTION 149674 7 ELECTRIC REVENUE 221000 36192896 36192896 G & T CAPITAL CREDITS 221000 556217 556217 OTHER CAPITAL CREDITS 221000 90298 90298 POLE RENTAL 221000 66842 66842 OTHER NONOPERATING MARGINS 221000 -13133 -13133 36893120 113543 113543 37006663 36826278 180385 2611390 460644 1763876 3423185 PURCHASED POWER 21767823 DISTRIBUTION OPERATIONS 1914115 ADMIN. & GENERAL EXP. 1671721 CONSUMER ACCOUNTS 1404940 1988969 37006663 0 0 0 3281151 4512256 4094611 4524897 1350093 1402338 695321 646966 121933674 39362450 81934060 82571224 9229921 9785710 -174633 -218140 100410524 103225251 4156306 5404851 45601390 45225143 4016193 4213470 53773889 54843464 X 24545 23665 46612090 48358122 46636635 48381787 100410524 103225251 X 0 1745152 X false true X true false 1980443 1980443 5964213 1603044 4361169 113989018 37759406 76229612 82571224 NCEMC 8047583 C TEMA 693742 C CFC CTC'S 294761 C CFC MEMBER CAPITAL SECURITIES 255893 C FEDERATED 197228 C SEDC 156913 C COBANK 124348 C CRC 11088 C TOUCHSTONE 2500 C NRTC 1029 C EASTERN MDM 625 C 9785710 ACCUM PROV FOR PRBO 2202672 CONSUMER DEPOSITS 1194578 DEFERRED CREDITS 500438 OVERRECOVERY OF WPCA 315782 4213470 37006663 37006663 37006663 34395273 34395273 2611390 2611390 37006663 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS ASSIGNED 2,611,390 X X X false false false KEVIN HEATH EXEC VP/GM 232573 500 16916 78303 12202 340494 MICHAEL T RIDDICK MGR OF TECH. SVCS 120645 500 1012 39740 26894 188791 BOBBY UPTON MGR OF OPERATIONS 134009 500 12085 39829 14774 201197 PAUL BYRUM CREW LEADER 127486 500 5724 37952 12202 183864 ROY O'NEAL MGR OF OPERATIONS 134962 500 2419 43929 13388 195198 CHRISTOPHER WHITE LINEMAN 1ST CLASS 126500 500 8904 33774 13453 183131 FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS AS PROVIDED IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7A THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE BOARD WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. FORM 990, PAGE 6, PART VI, LINE 12C THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICY AS PROVIDED FOR IN ITS POLICY WHICH IS INCLUDED AS A PART OF THIS RETURN. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE GENERAL MANAGER IS REVIEWED AND APPROVED THROUGH THE USE OF A COMPENSATION SURVEY, REVIEW OF 990'S OF SIMILAR ORGANIZATIONS AND A PERFORMANCE REVIEW CONDUCTED BY THE MEMBER-ELECTED BOARD. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION FOR KEY EMPLOYEES IS REVIEWED AND APPROVED THROUGH THE USE OF AN ANNUAL PERFORMANCE EVALUATION PERFORMED BY THE GENERAL MANAGER. FORM 990, PAGE 6, PART VI, LINE 19 THE COOPERATIVE MAKES ITS BYLAWS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. FORM 990, PART VII IN NOVEMBER 2023, KEVIN HEATH ACCEPTED THE POSITION AS EXECUTIVE VP/GENERAL MANAGER AND CONTINUES TO SERVE IN THAT ROLE. FORM 990, PART XI, LINE 9 CAPITAL CREDITS - GAINS 312,607 PATRONAGE CAPITAL CREDITS ASSIGNED 2,611,390 CHANGE IN MEMBERSHIP FEES -880 PATRONAGE CAPITAL RETIRED -1,093,292 OTHER COMPREHENSIVE INCOME -84,673 TOTAL 1,745,152 ALBEMARLE COMMUNITY TRUST 125 COOPERATIVE WAY HERTFORD NC 279449825 562273552 NONPROFIT NC 3 7 N/A false false true false false false false false false false false false false false false true false false false false ALBEMARLE COMMUNITY TRUST O 15706 FMV ALBEMARLE COMMUNITY TRUST B 3379 COST SCHEDULE R THE CORPORATION'S MEMBERS CAN PARTICIPATE IN AN OPERATION ROUNDUP PROGRAM AND HAVE THEIR ELECTRIC BILL ROUNDED TO THE NEXT HIGHEST WHOLE DOLLAR EACH MONTH. THESE FUNDS ARE TREATED AS CONTRIBUTIONS TO THE ALBEMARLE COMMUNITY TRUST (THE FOUNDATION) A NONPROFIT 501(C)(3) ORGANIZATION. THE FOUNDATION MAINTAINS A SEPARATE BOARD OF DIRECTORS WHICH APPROVES CHARITABLE ASSISTANCE TO THE AREAS SERVED BY ALBEMARLE ELECTRIC MEMBERSHIP CORPORATION. THE FOUNDATION HAS NO EMPLOYEES. THE TRANSACTIONS BETWEEN THE COROPORATION AND THE FOUNDATION REPORTED ON SCHEDULE R, PART V REPRESENT THE VALUE OF THE SERVICES DONATED BY THE CORPORATION TO THE FOUNDATION, AS WELL AS CONTRIBUTIONS MADE BY THE CORPORATION. SEE THE FOLLOWING WEBSITE FOR FURTHER INFORMATION: HTTPS://AEMC.COOP/ALBEMARLE-COMMUNITY-TRUST