EIN 56-0440935

Wake Electric Membership Corporation

IRS 501(c) type
501(c)(12)
Num. employees
58
Year formed
1940
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Wake Electric Membership Corporation provides reliable, safe, and affordable energy and related services. It operates as a cooperative business, continually improving its services to meet the needs of its members and enhance their quality of life. James E Mangum JR runs the corporation.
Total revenues
$104,928,493
2022
Total expenses
$104,928,493
2022
Total assets
$298,402,185
2022
Num. employees
58
2022

Who funds Wake Electric Membership Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
North Carolina Electric Membership CorporationEducational Assistance$12,257

Personnel at Wake Electric Membership Corporation

NameTitleCompensation
James E MangumChief Executive Officer and General Manager$732,064
Don BowmanVice President of Engin$364,489
Kirk MetcalfVice President of Marketing$162,182
Cynthia M CurrinGeneral Counsel$365,990
Christopher D WrightManager of Engin$194,272
...and 6 more key personnel

Financials for Wake Electric Membership Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$104,931,913
Investment income and dividends$42,005
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$19,992
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$-65,417
Total revenues$104,928,493

Form 990s for Wake Electric Membership Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-04990View PDF
2021-122022-07-06990View PDF
2020-122021-09-30990View PDF
2019-122021-06-08990View PDF
2018-122020-01-16990View PDF
...and 9 more Form 990s

Organizations like Wake Electric Membership Corporation

OrganizationLocationRevenue
Duck River Electric Membership CorporationShelbyville, TN$235,445,434
Consumers PowerPhilomath, OR$47,215,867
Union Power CooperativeMonroe, NC$177,639,808
San Bernard Electric CooperativeBellville, TX$107,023,324
Grayson-Collin Electric CooperativeVan Alstyne, TX$205,305,170
Northeast La Power CooperativeWinnsboro, LA$35,033,427
Continental Divide Electric CooperativeGrants, NM$65,112,432
Sequachee Valley Electric CooperativeSouth Pittsburg, TN$112,585,937
Edgecombe-Martin County EmcTarboro, NC$29,118,803
Wharton County Electric Cooperative (WCEC)El Campo, TX$28,692,151
Data update history
December 4, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 3, 2023
Updated personnel
Identified 1 new personnel
November 27, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 1229
Wake Forest, NC 27588
Metro area
Raleigh-Cary, NC
County
Wake County, NC
Website URL
wemc.com/ 
Phone
(919) 863-6300
IRS details
EIN
56-0440935
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1940
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
Independent
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