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EIN 56-0995910

North Carolina Electric Membership Corporation

IRS 501(c) type
501(c)(12)
Num. employees
191
City
Raleigh
State
North Carolina
Year formed
1949
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
North Carolina Electric Membership Corporation supplies wholesale electric generation and transmission services to 25 member electric distribution cooperatives, which in turn offer electric service to over one million homes, farms, and businesses in North Carolina. Its mission is the sale of electric power to these distribution member cooperatives. The corporation is located in Raleigh, NC.
Total revenues
$1,247,913,136
2022
Total expenses
$1,217,913,136
2022
Total assets
$2,328,294,916
2022
Num. employees
191
2022

Program areas at North Carolina Electric Membership Corporation

North Carolina Electric Membership Corporation provides wholesale Electric generation and transmission services to 25 member Electric distribution cooperatives that provide Electric service to over one million homes, farms, and businesses in North Carolina.

Grants made by North Carolina Electric Membership Corporation

GranteeGrant descriptionAmount
The North Carolina Agricultural FoundationAgricultural Assistance$51,000
Economic Development Partnership of North CarolinaEconomic Development Assistance$41,250
Energyunited Electric Membership CorporationEducational Assistance$36,104
...and 33 more grants made totalling $537,702

Personnel at North Carolina Electric Membership Corporation

NameTitleCompensation
Joseph P BrannanExecutive Vice President and Chief Executive Officer$1,226,831
Amadou FallSenior Vice President and Chief Operating Officer$423,157
Nelle HotchkissSenior Vice President and Chief Operating Officer , Ncaec$345,675
Lark S JamesSenior Vice President , Finance and Chief Financial Officer$493,556
Christopher VanlokerenChief Information Officer$320,253
...and 12 more key personnel

Financials for North Carolina Electric Membership Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$1,224,206,253
Investment income and dividends$12,837,756
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$190,800
Net gain from sale of non-inventory assets$10,506,857
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$171,470
Total revenues$1,247,913,136

Form 990s for North Carolina Electric Membership Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-08990View PDF
2021-122022-05-13990View PDF
2020-122021-05-15990View PDF
2019-122020-12-11990View PDF
2018-122019-07-23990View PDF
...and 16 more Form 990s

Organizations like North Carolina Electric Membership Corporation

OrganizationLocationRevenue
Coserv ElectricCorinth, TX$826,144,853
McKenzie Electric CooperativeWatford City, ND$401,082,882
United Cooperative ServicesBurleson, TX$365,623,485
South Texas Electric CooperativeNursery, TX$742,444,236
Sumter Electric CooperativeSumterville, FL$537,389,478
Old Dominion Electric CooperativeGlen Allen, VA$1,012,166,528
Cooperative EnergyHattiesburg, MS$956,651,180
Northern Virginia Electric Co-Op (NOVEC)Manassas, VA$998,080,039
Kenergy CorporationHenderson, KY$624,047,751
Wolverine Power Supply CooperativeCadillac, MI$706,588,810
Data update history
July 23, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 15 new personnel
July 1, 2023
Used new vendors
Identified 3 new vendors, including , , and
May 15, 2023
Used new vendors
Identified 2 new vendors, including , and
September 30, 2022
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
Public policy
Characteristics
State / local levelManagement and technical assistance
General information
Address
3400 Sumner Blvd
Raleigh, NC 27616
Metro area
Raleigh-Cary, NC
County
Wake County, NC
Website URL
ncelectriccooperatives.com/ 
Phone
(919) 872-0800
IRS details
EIN
56-0995910
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1949
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Central organization
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