NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION
Pub 78

NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION
Pub 78

Raleigh, NC, US
•
501(c)
•
EIN
56-0995910
•
WWW.NCEMCS.COM

NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION
Pub 78

Raleigh, NC, US
•
501(c)
•
EIN
56-0995910
•
WWW.NCEMCS.COM
Overview
Programs
990s
Income Statement
Balance Sheet
How to Apply
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People
Board & Team
Financials
Financial Trends
Funding
Funders
Grants Received
Grantmaking
Giving Insights
Grantees
Grants Given
Overlap
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Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$1,251,544,262

Program Services
>99%
Investments
<1%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$1,221,544,262

Other
86%
Depreciation
6%
Salaries & Benefits
4%
Interest
4%
Fees to Service Providers
<1%
Offices, Occupancy & IT
<1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$1,143,392,867
$1,241,477,202
+9%
Membership Dues
$0
$0
-
Investments
$17,585,092
$9,647,765
-45%
Other
$10,941,622
$419,295
-96%
Total Revenues
$1,171,919,581
$1,251,544,262
+7%
Expenses
2023
2024
Change
Grants
$729,554
$620,322
-15%
Benefits to Members
$0
$0
-
Salaries & Benefits
$46,231,602
$50,184,611
+9%
Fees to Service Providers
$1,322,597
$1,344,583
+2%
Advertising & Promotion
$77,500
$59,900
-23%
Offices, Occupancy & IT
$1,188,313
$1,129,006
-5%
Interest
$45,034,216
$45,505,414
+1%
Depreciation
$71,045,455
$74,517,896
+5%
Other
$976,290,344
$1,048,182,530
+7%
Total Expenses
$1,141,919,581
$1,221,544,262
+7%
Net income
2023
2024
Change
Net income
+$30,000,000
+$30,000,000
+0%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$1,141,919,581
$1,221,544,262
+7%
Income Statement
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