Overview
What is North Carolina Electric Membership Corporation?
The North Carolina Electric Membership Corporation is a significant entity based in Raleigh, North Carolina, with a workforce of 191 employees. Their primary business revolves around providing wholesale electric generation and transmission services to 25 member electric distribution cooperatives. These cooperatives, in turn, offer electric service to over one million households, farms, and businesses across the state. The corporation's mission is to sell electric power to these distribution cooperatives, ensuring a reliable and efficient electric service network for North Carolinians.
Official website here: www.ncemcs.com
Is North Carolina Electric Membership Corporation legitimate?
North Carolina Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. North Carolina Electric Membership Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $5,321,512
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,539,405
For more financial information, click here
What is the mission statement of North Carolina Electric Membership Corporation?
The North Carolina Electric Membership Corporation plays a crucial role in the electricity sector by delivering wholesale electric generation and transmission services to 25 member electric distribution cooperatives. These cooperatives, in turn, provide electric service to over one million homes, farms, and businesses in North Carolina. The corporation's primary mission centers around the sale of electric power to these distribution cooperatives, ensuring a reliable and consistent electricity supply for the residents and businesses in the state. By acting as a power supplier, the North Carolina Electric Membership Corporation is instrumental in maintaining the electric infrastructure and meeting the energy demands of its cooperative members.
Official website here: www.ncemcs.com
Who is the CEO of North Carolina Electric Membership Corporation?
Joseph P Brannan is the Executive Vp & Ceo of North Carolina Electric Membership Corporation. The CEO's salary of North Carolina Electric Membership Corporation is $1,226,831 and their total compensation is $1,378,852.
Official website here: www.ncemcs.com
What is the revenue of North Carolina Electric Membership Corporation?
North Carolina Electric Membership Corporation's revenue in 2022 was $1,247,913,136.
Official website here: www.ncemcs.com
Who are the executives of North Carolina Electric Membership Corporation and what are their salaries?
The average compensation at North Carolina Electric Membership Corporation during 2022 was $240,110. There are 191 employees at North Carolina Electric Membership Corporation.
Here are 61 key members and their salaries (North Carolina Electric Membership Corporation's CEO's salary is $1,226,831 and their total compensation is $1,378,852):
- Joseph P Brannan (Executive Vp & Ceo)
- Lark S James (Senior Vp, Finance & Cfo)
- Amadou Fall (Senior Vp & Coo)
- Nelle Hotchkiss (Senior Vp & Coo, Ncaec)
- Christopher Vanlokeren (Chief Information Officer)
- Charles Bayless (Senior Vp, General Counsel)
- Lee S Ragsdale (Senior Vp, Grid Infrastructure & Compliance)
- Douglas R Browne (Vp, Finance)
- James Wilkins (Vp, Energy Portfolio)
- Michael Youth (Assistant Secretary/Treasurer)
- Timothy Dodge (Assistant Secretary/Treasurer)
- W Greg Puckett (President) [Trustee/Director]
- Susan E Flythe (Vice President) [Trustee/Director]
- Greg Andress (Secretary/Treasurer) [Trustee/Director]
- Gary W Ray (Director)
- John W Spence (Director)
- Douglas W Johnson (Director)
- Johnny Wishon (Director)
- Josh Winslow (Director)
- David Gore (Director)
- Richard A Midgett (Director)
- Jacob Joplin (Director)
- Deloria Irby (Director)
- Eddie Oldham (Director)
- Rebecca P Cogan (Director)
- Winston Howell (Director)
- Elbert Ray Pitt Jr (Director)
- Thomas Golden (Director)
- W Max Walser (Director)
- Donald Lee Gatton (Director)
- S Franklin Williams (Director)
- Charles H Guerry (Director)
- Basil Williams (Director)
- Tom Batchelor (Director)
- Larry Clark (Director)
- Jeff Clark (Director)
- John L Pierce (Director)
- Jon T Locklear (Director)
- Rory Eddings (Director)
- Donald H Spivey (Director)
- Benjamin R Lybrand (Director)
- Steve Hamlin (Director)
- Bill R Barber (Director)
- Mark A Suggs (Director)
- Jeffrey N Letchworth (Director)
- Dale F Lambert (Director)
- Jerry Bowman (Director)
- Marshall Cherry (Director)
- Allen W Speller (Director)
- S Dirk Burleson (Director)
- J Dean Carpenter (Director)
- Christopher Spears (Director)
- Kelly Harrington (Director)
- Karoline Overby (Director)
- Paul Spruill (Director)
- J Douglas Brinson (Director)
- J Michael Davis (Director)
- Carl W Kornegay Jr (Director)
- Lee Roy Kirk Jr (Director)
- James E Mangum Jr (Director)
- Mike Dickerson (Director)
Official website here: www.ncemcs.com
Where can I find the form 990 for North Carolina Electric Membership Corporation?
The North Carolina Electric Membership Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ncemcs.com
Learn more at the official website: www.ncemcs.com
Mission Statement of North Carolina Electric Membership Corporation
The North Carolina Electric Membership Corporation, often referred to as NC EMC, plays a vital role in the electrical power sector by providing wholesale electric generation and transmission services to 25 member electric distribution cooperatives in North Carolina. These cooperatives, in turn, offer electric service to over one million households, farms, and businesses in the state.
In simple terms, NC EMC functions as a power supplier for the 25 electric distribution cooperatives that operate within North Carolina. Through this arrangement, the cooperatives can collectively purchase electricity in large quantities, ensuring a reliable and cost-effective source of power for their respective customers. By providing wholesale electric generation and transmission services, NC EMC enables these cooperatives to focus on delivering electricity to their local communities, rather than managing the complexities of power production and transmission.
NC EMC's primary mission is to support the distribution of electric power to the people of North Carolina through its member cooperatives. This commitment to providing electricity to North Carolinians is essential for the economic growth and well-being of the state's residents and businesses. The organization's focus on collaboration with its member cooperatives ensures that a large, diverse customer base has access to consistent and affordable electricity.
Impact
This information is meant to be a general summary of North Carolina Electric Membership Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
North Carolina Electric Membership Corporation plays a crucial role in providing wholesale electric generation and transmission services to 25 member electric distribution cooperatives in North Carolina. These cooperatives, in turn, serve over one million homes, farms, and businesses in the state. By facilitating the sale of electric power to these distribution cooperatives, NC Electric Membership Corporation ensures reliable electricity access for a significant portion of North Carolina's population.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROVIDE ELECTRIC POWER
Revenue
$1,224,206,253
Organization Details
Founding Year
1949
Phone
(919) 872-0800
Principal Officer
Joseph P Brannan
Main Address
3400 SUMNER BOULEVARD, RALEIGH, NC, 27616
Website
www.ncemcs.com
NTEE Category
Code: W80 - Public benefit
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