Four County Electric Membership Corp in Burgaw, North Carolina (NC)

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Four County Electric Membership Corp
Employer Identification Number (EIN)560227152
Name of OrganizationFour County Electric Membership Corp
AddressPO BOX 667, Burgaw, NC 28425-0667
ActivitiesOther services or benefits to members or employees
SubsectionOrganization Like Those on Three Preceding Lines
Ruling Date12/1966
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$50,000,000 to greater
Income$50,000,000 to greater
Filing Requirement990 (all other) or 990EZ return
Asset Amount$179,644,424
Amount of Income$90,937,841
Form 990 Revenue Amount$90,937,841


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$90,820,520
Gross income from other sources$249,233
Statement of Revenue (for 2011)
Total revenue$92,675,624
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$91,232,683
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$130,866
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$1,312,075
Statement of Functional Expenses (for 2011)
Total functional expenses$86,220,502
Compensation of current officers, directors, trustees, and key employees$808,526
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$85,411,976
Balance Sheet (for 2011)
Total assets$172,379,105
Total liabilities$109,992,221
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$91,400,817
Unsecured notes and loans payable to unrelated third parties$0
Other$18,591,404
Total net assets or fund balances$62,386,884
Retained earnings, endowment, accumulated income, or other funds$62,386,884
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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