2023-03-29T09:58:39-04:00 2022-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2022-01-01 560475840 ALBEMARLE ELECTRIC MEMBERSHIP CORP ALBE 2524265735 PO BOX 69 HERTFORD NC 279440069 GARY W RAY EXEC VP/GM 8002159915 2023-02-20 true GARY RAY XXX-XX-XXXX false WILLIAM R ROUNTREE P01231836 4787466277 2023-03-29 2022 2023-04-26 12:10:37Z GARY W RAY PO BOX 69 HERTFORD NC 27944 32358063 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 40 0 0 31510928 32289006 55671 69057 0 31566599 32358063 0 3199582 2931700 430768 433561 0 0 27204212 28992802 30834562 32358063 732037 0 90333147 94733534 49491622 51129796 40841525 43603738 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 N/A 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 false false false true 24 0 true 40 true false false false false false 30850970 954331 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 CLARISSA PERRY ALBEMARLE EMC 2524265735 PO BOX 69 HERTFORD NC 27944 X JOHN W SPENCE PRESIDENT 4.08 X X 15550 0 0 GLENN CAREY VICE PRESIDE 0.81 X X 10800 0 0 THELMA FINCH-COPELAND SECRETARY 1.22 X X 12000 0 0 T CHAD MATHEWS TREASURER 0.66 X X 10800 0 0 ROBERT WHITEHEAD DIRECTOR 3.20 X 5750 0 0 JOSIAH A WEBB III DIRECTOR 0.74 X 11000 0 0 ALLEN LAYTON DIRECTOR 4.94 X 3600 0 0 MELVIN RAY ALBERTSON DIRECTOR 1.11 X 3600 0 0 GARRY MEIGGS DIRECTOR-FOR 0.70 X 8100 0 0 LA HARRIS JR DIRECTOR-FOR 0.50 X 2700 0 0 VIRGIE P WHITEHURST DIRECTOR-FOR 0.53 X 8100 0 0 GARY W RAY EXEC VP/GM 50.00 X 254054 0 87507 KEVIN HEATH MGR ENGINEER 50.00 X 148230 0 53415 CLARISSA PERRY MGR OF CORPO 50.00 X 130975 0 52603 ROY O'NEAL MGR OF OPERA 50.00 X 118371 0 44585 BOBBY UPTON CREW LEADER 40.00 X 127371 0 45218 PAUL BYRUM CREW LEADER 40.00 X 111153 0 39007 982154 322335 6 false true false ELECTRIC REVENUE 221000 30850970 30850970 OTHER NONOPERATING MARGINS 221000 617895 617895 G & T CAPITAL CREDITS 221000 571283 571283 OTHER CAPITAL CREDITS 221000 186253 186253 POLE RENTAL 221000 62605 62605 32289006 69057 69057 32358063 32289006 69057 2931700 433561 1662344 2931597 PURCHASED POWER 18680547 ADMIN. & GENERAL EXP. 1644283 DISTRIBUTION OPERATIONS 1343218 DISTRIBUTION MAINTENANCE 1144741 1586072 32358063 0 0 0 3051832 3769553 3768339 3423819 1178017 2779124 441825 660623 108190093 31982365 74686489 76207728 7366736 8042318 -160091 -149631 90333147 94733534 3066031 3774131 42765551 44196000 3660040 3159665 49491622 51129796 X 28010 26805 40813515 43576933 40841525 43603738 90333147 94733534 X 0 2762213 X false true X true false 1973843 1973843 106216250 31982365 74233885 76207728 NCEMC 6407714 C TEMA 604679 C CFC CTC'S 305808 C CFC MEMBER CAPITAL SECURITIES 256780 C FEDERATED 179573 C SEDC 153241 C COBANK 117781 C CRC 12588 C TOUCHSTONE 2500 C NRTC 1029 C EASTERN MDM 625 C 8042318 ACCUM PROV FOR PRBO 1728888 CONSUMER DEPOSITS 1106390 DEFERRED CREDITS 324387 3159665 32358063 32358063 32358063 29426363 29426363 2931700 2931700 32358063 SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL CREDITS ASSIGNED 2,931,700 X X X false false false GARY W RAY EXEC VP/GM 232896 400 20758 73785 13722 341561 KEVIN HEATH MGR ENGINEERING 137731 400 10099 42656 10759 201645 CLARISSA PERRY MGR OF CORPORATE SVC 117943 400 12632 37653 14950 183578 ROY O'NEAL MGR OF OPERATIONS 112106 400 5865 32641 11944 162956 BOBBY UPTON CREW LEADER 115009 400 11962 32116 13102 172589 PAUL BYRUM CREW LEADER 102324 400 8429 28248 10759 150160 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 XI, LINE 9 CAPITAL CREDITS - GAINS 230,566 PATRONAGE CAPITAL CREDITS ASSIGNED 2,931,700 OTHER COMPREHENSIVE INCOME 564,169 CHANGE IN MEMBERSHIP FEES -1,205 PATRONAGE CAPITAL RETIRED -963,017 TOTAL 2,762,213