Blue Ridge Mountain Electric Membership Corp 101-10 Irc
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Blue Ridge Mountain Electric Membership Corp 101-10 Irc is a 501(c)(12) organization based in Young Harris, Georgia, registered in 1943, with $140,539,878 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 9, Young Harris, GA, 30582 EIN 58-0165073 Since 1943
Revenue (FY2024)
$140.5M
▲ 13.1% vs prior year
Expenses (FY2024)
$140.5M
Net assets
$143.5M
Employees
266
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Blue Ridge Mountain Electric Membership Corp 101-10 Irc: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Blue Ridge Mountain Electric Membership Corp 101-10 Irc: 12 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Blue Ridge Mountain Electric Membership Corp 101-10 Irc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Blue Ridge Mountain Electric Membership Corp 101-10 Irc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To cost-effectively distribute electric and broadband services to our members.
Contact & location
- Address
- Po Box 9, Young Harris, GA, 30582
- City
- Young Harris
- State
- Georgia
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $84.4M (FY2013) to $140.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $138.4MNet assets $143.5M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$281.9M
Total liabilities
$138.4M
Net assets
$143.5M
Salaries & benefits
$627K
0% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $140,539,878▲13.1% | $140,539,878▲13.1% | $143,530,801▲15.6% | $281,942,026▲5.4% | 990 |
| 2023 | $124,253,948▲5.1% | $124,253,948▲5.1% | $124,159,042▲7.5% | $267,497,432▲8.3% | 990 |
| 2022 | $118,245,767▲5.5% | $118,245,767▲5.5% | $115,522,203▲5.3% | $247,009,813▲0.6% | 990 |
| 2021 | $112,097,199▲6.5% | $112,097,199▲6.5% | $109,713,798▲11.8% | $245,553,260▲4.8% | 990 |
| 2020 | $105,289,272▲8.4% | $105,289,272▲8.4% | $98,150,589▲20.3% | $234,397,186▲6.5% | 990 |
| 2019 | $97,174,490▼1.5% | $97,174,490▼1.5% | $81,569,630▲10.0% | $220,193,087▲6.2% | 990 |
| 2018 | $98,625,357▲2.1% | $98,625,357▲2.1% | $74,147,166▲9.5% | $207,364,836▲0.2% | 990 |
| 2017 | $96,557,812▲3.5% | $96,557,812▲10.2% | $67,713,346▲9.0% | $206,874,727▲3.1% | 990 |
| 2016 | $93,264,302▲5.1% | $87,640,156▲4.1% | $62,099,137▲11.9% | $200,645,484▲4.1% | 990 |
| 2015 | $88,776,592▼0.8% | $84,165,651▼1.7% | $55,507,259▲7.0% | $192,697,979 | 990 |
| 2014 | $89,500,771▲6.0% | $85,657,121▲6.7% | $51,877,363▲9.2% | $192,639,516▲0.1% | 990 |
| 2013 | $84,426,950 | $80,295,673▲3.5% | $47,523,814▲9.4% | $192,505,685▲2.1% | 990 |
| 2012 | — | $77,613,840▲3.3% | $43,424,529▲4.9% | $188,492,443▲3.8% | 990 |
| 2011 | — | $75,151,448▼0.6% | $41,398,711▲3.6% | $181,636,948▲11.0% | 990 |
| 2010 | — | $75,580,145▲9.6% | $39,972,557▲18.5% | $163,619,021▲9.2% | 990 |
| 2009 | — | $68,990,011 | $33,723,951 | $149,886,670 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Loyd Allan Glidewell — $297,539 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Loyd Allan Glidewell | General Manager | 40 | $297,539 |
| Ryan Garrett | Line Foreman | 40 | $174,524 |
| David Ellis | Asst. Director of Operatio | 40 | $152,354 |
| Erik C Brinke | Director of Admin Services | 40 | $149,294 |
| Amanda R Holdaway | Director of Finance and Ac | 40 | $143,736 |
| Daniel Frizzell | Director of Engineering | 40 | $140,809 |
| James Lunsford | Director of Operations | 40 | $138,571 |
| Danny J Henson | Director | 10 | $11,100 |
| Gayland Trull | Director | 10 | $11,100 |
| Jack Lance Jr | Secretary/director | 10 | $11,100 |
| Jeffrey L Ledford | Director | 10 | $11,100 |
| Julius Bert Rogers | President/director | 10 | $11,100 |
| Roy Perren | Vice President/director | 10 | $11,100 |
| Gene Mason | Director | 10 | $11,000 |
| Cory Payne | Treasurer/director | 10 | $10,650 |
| Arvil Ray Cook Jr | Director | 10 | $10,100 |
Top vendors & contractors (FY2016)
| Contractor | Services | Paid |
|---|---|---|
| Daniel Brewer | Interim General Manager | $128,331 |
Frequently asked questions
- Is Blue Ridge Mountain Electric Membership Corp 101-10 Irc a legitimate nonprofit?
- Yes. Blue Ridge Mountain Electric Membership Corp 101-10 Irc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 58-0165073, based in Young Harris, Georgia.
- What is Blue Ridge Mountain Electric Membership Corp 101-10 Irc's EIN?
- Blue Ridge Mountain Electric Membership Corp 101-10 Irc's Employer Identification Number (EIN) is 58-0165073.
- How much revenue does Blue Ridge Mountain Electric Membership Corp 101-10 Irc report?
- Blue Ridge Mountain Electric Membership Corp 101-10 Irc reported $140,539,878 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Blue Ridge Mountain Electric Membership Corp 101-10 Irc's spending goes to programs?
- Blue Ridge Mountain Electric Membership Corp 101-10 Irc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Blue Ridge Mountain Electric Membership Corp 101-10 Irc have?
- CharityIndex grades Blue Ridge Mountain Electric Membership Corp 101-10 Irc A+, based on program efficiency and fundraising cost.
- How much does Blue Ridge Mountain Electric Membership Corp 101-10 Irc's highest-paid employee make?
- The highest reported compensation on Blue Ridge Mountain Electric Membership Corp 101-10 Irc's latest Form 990 is $297,539, paid to Loyd Allan Glidewell (General Manager).
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Data for Blue Ridge Mountain Electric Membership Corp 101-10 Irc (EIN 58-0165073) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.