Cause IQ organization profile

North Carolina Electric Membership Corporation

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

North Carolina Electric Membership Corporation is a public utility based in Raleigh, NC that was founded in 1949. As of 2019 they had $1.2 billion in revenue and $2.1 billion in assets.

Sale of Electric power to nc distribution cooperatives. Sale of electric power to NC distribution cooperatives. Sale of Electric power to nc distribution member cooperatives.

EIN:
56-0995910
City:
State:
Website:
Founded:
1949
Type:
501(c)(12)
NTEE:
Revenue:
$1,210,648,659
Assets:
$2,183,458,229
Employees:
188
Fiscal year end:
December
Revenue trends:
Asset trends:

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 950,000 homes, farms, and businesses in North Carolina.

Form 990s for North Carolina Electric Membership Corporation

Fiscal year endingDate received by IRSFormPDF link
2018-12Jul 23, 2019990View PDF
2017-12Oct 16, 2018990View PDF
2017-12Sep 13, 2018990OView PDF
2017-12Jul 25, 2018990OView PDF
2016-12Oct 3, 2017990OView PDF
...and 12 more Form 990 PDFs

Financials for North Carolina Electric Membership Corporation

Field2018
Total grants, contributions, etc.$0
Program services$1,188,876,220
Investment income and dividends$15,019,320
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$35,520
Net gain from sale of non-inventory assets$6,717,599
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,210,648,659

Vendors for North Carolina Electric Membership Corporation

VendorServicesAmount paidDate
Deloitte Tax LLPTax accounting2019-06-21
████████ ███ ███████ ███Legal Services$1,103,7132018-12-01
████ █████ █████████Power Management Services$3,136,4642018-12-01
███ ██████ ████████ ███Energy Operations and Maintenance Services$550,8212018-12-01
█████████ ██████████Legal Services$125,2292018-12-01

Personnel at North Carolina Electric Membership Corporation

NameTitleCompensationMost recent data
Lonnie MooreSenior Vice President and Chief Operating Officer , Tema$292,145March 18, 2020
Nelle HotchkissSenior Vice President and Chief Operating Officer , Ncaec$313,796March 18, 2020
██████ █ ███████Chief of Staff , Ncemc / Senior Vice President and Chief Operating Officer , Ncaec$404,621Dec. 31, 2018
████ █████Senior Vice President , Finance and Chief Financial Officer$431,416March 18, 2020
███████ █ █████████Vice President of Finance$276,472Dec. 31, 2018
███████ █ ████████Senior Vice President , General Counsel$337,705June 21, 2019
██████ █ ██████████Past Senior Vice President and Chief Operating Officer , Greenco$437,747Dec. 31, 2017
████ █ ███████President$0Dec. 31, 2018
████ ███████Vice President$0Dec. 31, 2018
████ ███████Secretary and Treasurer$0Dec. 31, 2018
...and two more key personnel

Peer public utilities

 NameTypeRevenueLocation
1Old Dominion Electric Cooperative501(c)(12)$787 millionGlen Allen, VA
2Mountrail-Williams Electric Cooperative501(c)(12)$310 millionWilliston, ND
3Brazos Electric Power Cooperative501(c)(12)$1.0 billionWaco, TX
4McKenzie Electric Cooperative501(c)(12)$309 millionWatford City, ND
5East River Electric Power Cooperative501(c)(12)$315 millionMadison, SD
6Clay Electric Cooperative501(c)(12)$381 millionKeystone Heights, FL
7Northern Virginia Electric Co-Op (NOVEC)501(c)(12)$538 millionManassas, VA
8Wolverine Power Supply Cooperative501(c)(12)$476 millionCadillac, MI
9Kenergy Corporation501(c)(12)$405 millionHenderson, KY
10Wabash Valley Power Alliance (WVPA)501(c)(12)$661 millionIndianapolis, IN
11Sumter Electric Cooperative501(c)(12)$394 millionSumterville, FL
12Buckeye Power501(c)(12)$688 millionColumbus, OH
13Cooperative Finance Corporation (CFC)501(c)(4)$1.4 billionDulles, VA