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Nonprofiteer
← ROANOKE ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2025

Filed by ROANOKE ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$63,432,743
Total expenses
$67,519,462
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$60,034,804
Investment income
$110,284
Other revenue
$3,287,655
Total assets, end of year
$223,217,401
Total liabilities, end of year
$169,971,186
Net assets or fund balances, end of year
$53,246,215
Program services expenses (Part IX)
$67,519,462
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$67,519,462

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ELECTRIC REVENUE

    total $53,802,617 · related or exempt $53,802,617

  • 2b · Program service revenue: BROADBAND - NONMEMBER

    total $1,937,837 · related or exempt $1,937,837

  • 2c · Program service revenue: BROADBAND - MEMBER

    total $1,691,371 · related or exempt $1,691,371

  • 2d · Program service revenue: CAPITAL CREDITS

    total $1,172,286 · related or exempt $1,172,286

  • 2e · Program service revenue: POLE RENTAL & ACCESS - MEMBER

    total $1,154,939 · excluded $1,154,939

  • 2f · All other program service revenue

    total $275,754 · related or exempt $205,044 · unrelated business $70,710

  • 3 · Investment income

    total $110,284 · excluded $110,284

  • 11a · Other revenue: ARPA GRANT FUNDS - N/M BB

    total $3,324,756 · unrelated business $3,324,756

  • 11b · Other revenue: OTHER REVENUE

    total $307,075 · related or exempt $307,075

  • 11c · Other revenue: INCOME FROM TAXABLE SUB

    total $64,699 · related or exempt $64,699

  • 11d · All other revenue

    total -$408,875 · related or exempt -$408,875

  • 11e · Other revenue, total

    $3,287,655

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,251,901 · program services $7,251,901

  • 5 · Compensation of officers, directors and key employees

    total $591,635 · program services $591,635

  • 20 · Interest

    total $7,605,708 · program services $7,605,708

  • 22 · Depreciation, depletion and amortization

    total $7,140,871 · program services $7,140,871

  • 24a · Other expenses: UBIT

    total $3,324,756 · program services $3,324,756

  • 24b · Other expenses: PURCHASED POWER

    total $24,523,281 · program services $24,523,281

  • 24c · Other expenses: A&G EXPENSE - ELECTRIC

    total $5,513,104 · program services $5,513,104

  • 24d · Other expenses: DISTRIBUTION MAINTENANCE

    total $3,748,404 · program services $3,748,404

  • 24e · All other expenses

    total $7,819,802 · program services $7,819,802

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,912,465 · end of year $4,494,174

  • 4 · Accounts receivable

    beginning of year $5,291,797 · end of year $7,330,256

  • 7 · Other notes and loans receivable

    beginning of year $9,741,045 · end of year $24,112,867

  • 8 · Inventories for sale or use

    beginning of year $12,102,220 · end of year $980,822

  • 9 · Prepaid expenses and deferred charges

    beginning of year $356,379 · end of year $611,077

  • 10a · Land, buildings and equipment: cost or other basis

    $240,439,487

  • 10b · Land, buildings and equipment: accumulated depreciation

    $68,282,890

  • 10c · Land, buildings and equipment, net

    beginning of year $172,810,240 · end of year $172,156,597

  • 12 · Investments: other securities

    beginning of year $861,155 · end of year $926,972

  • 13 · Investments: program-related

    beginning of year $8,536,858 · end of year $9,351,545

  • 15 · Other assets

    beginning of year $3,614,546 · end of year $3,253,091

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,298,886 · end of year $8,908,180

  • 19 · Deferred revenue

    beginning of year $166,576

  • 23 · Secured mortgages and notes payable

    beginning of year $122,372,347 · end of year $148,971,773

  • 24 · Unsecured notes and loans payable

    beginning of year $22,500,000 · end of year $5,000,000

  • 25 · Other liabilities

    beginning of year $7,972,333 · end of year $7,091,233

  • 29 · Capital stock, trust principal or current funds

    beginning of year $61,200 · end of year $60,545

  • 31 · Retained earnings, endowment or other funds

    beginning of year $50,855,363 · end of year $53,185,670

Mission and programs · 2025

Mission

ROANOKE EMC: HTTPS://WWW.ROANOKECOOPERATIVE.COM/ABOUT-US/CORPORATE-STRATEGY/ TO PURSUE INNOVATION RELENTLESSLY AND OFFER THE FINEST, MOST RELIABLE, AND COST-EFFICIENT SERVICES IN THE INDUSTRY. THE CO-OP WILL SERVE MEMBER-OWNERS TIRELESSLY AND ENHANCE THEIR LIVES AND COMMUNITIES. OUR VISION IS THAT THE CO-OP WILL COMMIT TO BEING ONE OF OUR MEMBER-OWNERS MOST TRUSTED SERVICE PROVIDERS AND MOST ADMIRED BY ITS PEERS. ROANOKE CONNECT HOLDINGS, LLC DBA FYBE: HTTPS://WWW.GOFYBE.COM/ABOUT-US/WHO-IS-FYBE/ ENABLING EVERY PERSON AND ORGANIZATION IN RURAL NORTH CAROLINA TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN THIS DIGITAL AGE WITH THE HIGHEST QUALITY, MOST RELIABLE HIGH-SPEED FIBER-OPTIC SERVICES.

  • TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

    Expenses $61,100,629

  • TO PROVIDE THE BEST POSSIBLE BROADBAND SERVICE TO ALL WHO DESIRE IT AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

    Expenses $6,418,833

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Allen Speller

    CHAIRMAN

    Total calculated
    $22,650
    From this org
    $22,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.53

  • Robert Riddick

    VICE CHAIRMA

    Total calculated
    $17,400
    From this org
    $17,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.02

  • Marva Bond

    SECRETARY/TR

    Total calculated
    $16,950
    From this org
    $16,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.75

  • Cynthia Vaughan

    ASST. SEC/TR

    Total calculated
    $13,000
    From this org
    $13,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.51

  • Carolyn Bradley

    DIRECTOR

    Total calculated
    $20,100
    From this org
    $20,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.67

  • Delores H Amason

    DIRECTOR

    Total calculated
    $8,850
    From this org
    $8,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.33

  • Columbus Jeffers

    DIRECTOR

    Total calculated
    $19,200
    From this org
    $19,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.6

  • Timothy Hardy

    DIRECTOR (AU

    Total calculated
    $4,400
    From this org
    $4,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.24

  • Robert Brian Savage

    DIRECTOR (NO

    Total calculated
    $1,850
    From this org
    $1,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.68

  • Darnell Lee

    DIRECTOR (JA

    Total calculated
    $7,300
    From this org
    $7,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.07

  • Kenneth Jernigan

    DIRECTOR (JA

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.17

  • Marshall Cherry

    PRESIDENT &

    Total calculated
    $450,935
    From this org
    $359,579
    From related orgs
    $0
    Other
    $91,356
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $312,494
    Bonus
    $20,477
    Other
    $26,608
    Deferred
    $56,831
    Nontaxable benefits
    $34,525
    Filer's total
    $450,935

  • Robert Coughlin

    COO

    Total calculated
    $307,436
    From this org
    $258,118
    From related orgs
    $0
    Other
    $49,318
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $149,791
    Bonus
    $10,667
    Other
    $97,660
    Deferred
    $26,516
    Nontaxable benefits
    $22,802
    Filer's total
    $307,436

  • Jeremy Whitley

    DIR. RC NET.

    Total calculated
    $294,628
    From this org
    $241,514
    From related orgs
    $0
    Other
    $53,114
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $184,165
    Bonus
    $7,687
    Other
    $49,662
    Deferred
    $27,123
    Nontaxable benefits
    $25,991
    Filer's total
    $294,628

  • James Liverman

    VP ENG. & OP

    Total calculated
    $267,082
    From this org
    $208,823
    From related orgs
    $0
    Other
    $58,259
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $193,291
    Bonus
    $8,468
    Other
    $7,064
    Deferred
    $34,275
    Nontaxable benefits
    $23,984
    Filer's total
    $267,082

  • Wisam Said

    DIR, RC FIEL

    Total calculated
    $278,973
    From this org
    $226,144
    From related orgs
    $0
    Other
    $52,829
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $168,891
    Bonus
    $7,374
    Other
    $49,879
    Deferred
    $26,942
    Nontaxable benefits
    $25,887
    Filer's total
    $278,973

  • Angela Gordan

    DIR. CUST. E

    Total calculated
    $293,128
    From this org
    $239,346
    From related orgs
    $0
    Other
    $53,782
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $175,088
    Bonus
    $7,269
    Other
    $56,989
    Deferred
    $30,125
    Nontaxable benefits
    $23,657
    Filer's total
    $293,128

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ROANOKE CONNECT HOLDINGS LLC D/B/A FYBE

    BROADBAND · NC · income $3,452,596 · assets $2,319,326

    Directly controlled by REMC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ROANOKE ENERGY RESOURCES INC

    O&M · NC · controlled entity

Provenance

Return type
form_990
Tax year
2025
Filed
23 July 2026
IRS schema version
2025v4.0
Source object
202612099349300901

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