Overview

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Est.

1949

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION is a public utilities organization focused on the sale of electric power to NC distribution member cooperatives. Based in North Carolina, it reported an operating budget and total revenue of $1.4B for filing year 2025, indicating a very large-scale utility operation.

Mission Statement

SALE OF ELECTRIC POWER TO NC DISTRIBUTION MEMBER COOPERATIVES.
Revenues
$1.3B
Expenses
$1.2B
Net Income:
+$30M
Assets
$2.4B
Liabilities
$2B
Net Assets:
+$420.4M
Operating Budget
$1.2B
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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J
John W Spence
Board Member
J
J Douglas Brinson
Board Member
A
Allen W Speller
Board Member
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  • 128 board & team members
  • 12 historic 990s & financials
  • 6-year operating budget trend
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Frequently Asked Questions

What is NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION’s budget?
In 2024, NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION reported an annual operating budget of around $1.2 billion. More detailed financial information is available to registered users.
What causes does NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION support?
NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION supports work in Public utilities, Shelter and residential care, and Insurance.
Where does NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION operate?
NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION is headquartered in Raleigh, NC.