Roanoke Electric Membership Corp in Ahoskie, North Carolina (NC)

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Roanoke Electric Membership Corp
Employer Identification Number (EIN)560378505
Name of OrganizationRoanoke Electric Membership Corp
AddressPO BOX 1326, Ahoskie, NC 27910-1326
ActivitiesGovernment instrumentality or agency (see also 254), Other services or benefits to members or employees
SubsectionOrganization Like Those on Three Preceding Lines
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$82,662,797
Amount of Income$35,524,490
Form 990 Revenue Amount$35,524,490

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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$34,892,210
Gross income from other sources$130,865
Statement of Revenue (for 2011)
Total revenue$35,524,490
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$35,448,567
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$75,923
Income from investment of tax-exempt bond proceeds$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$0
Statement of Functional Expenses (for 2011)
Total functional expenses$35,524,490
Compensation of current officers, directors, trustees, and key employees$449,505
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$82,662,797
Total liabilities$56,558,663
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$45,379,142
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$26,104,134
Retained earnings, endowment, accumulated income, or other funds$26,041,018
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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