Overview

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Est.

1949

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The North Carolina Electric Membership Corporation (EIN: 56-0995910) is a nonprofit organization dedicated to the sale of electric power to distribution member cooperatives across North Carolina. With an operating budget of $1.2 billion and total revenue of $1.3 billion for the 2024 fiscal year, the organization plays a crucial role in supporting public utilities and residential care. More information can be found on their website at www.ncems.com.

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

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.