Totals
- Total revenue
- $13,446,952
- Total expenses
- $12,822,225
- Contributions and grants received
- $235,231
- Grants paid
- $0
- Program service revenue
- $11,004,198
- Investment income
- $30,314
- Other revenue
- $2,177,209
- Total assets, end of year
- $4,277,399
- Total liabilities, end of year
- $579,516
- Net assets or fund balances, end of year
- $3,697,883
- Program services expenses (Part IX)
- $12,822,225
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,822,225
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$235,231
-
2a · Program service revenue: CAROLINA COUNTRY MAGAZINE
total $4,875,050 · related or exempt $4,875,050
-
2b · Program service revenue: MEMBER SERVICES & DUES
total $3,887,839 · related or exempt $3,887,839
-
2c · Program service revenue: JOB TRAINING & SAFETY
total $1,192,219 · related or exempt $1,192,219
-
2d · Program service revenue: CAROLINA COUNTRY MAGAZINE
total $1,049,090 · unrelated business $1,049,090
-
3 · Investment income
total $30,314 · excluded $30,314
-
10a · Gross sales of inventory
$413
-
10b · Cost of goods sold
$83
-
10c · Net income from sales of inventory
total $330 · unrelated business $330
-
11a · Other revenue: COOPERATIVE INSIGHTS
total $2,176,879 · unrelated business $2,176,879
-
11e · Other revenue, total
$2,176,879
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $6,201,842 · program services $6,201,842
-
11c · Fees: accounting
total $35,438 · program services $35,438
-
12 · Advertising and promotion
total $980,102 · program services $980,102
-
13 · Office expenses
total $14,340 · program services $14,340
-
14 · Information technology
total $548,906 · program services $548,906
-
16 · Occupancy
total $7,784 · program services $7,784
-
17 · Travel
total $157,807 · program services $157,807
-
22 · Depreciation, depletion and amortization
total $14,612 · program services $14,612
-
23 · Insurance
total $83,500 · program services $83,500
-
24a · Other expenses: PUBLICATON EXPENSES
total $3,443,871 · program services $3,443,871
-
24b · Other expenses: MISC. GENERAL EXPENSES
total $715,581 · program services $715,581
-
24c · Other expenses: PROFESSIONAL FEES
total $493,098 · program services $493,098
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $125,344 · program services $125,344
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,870,771 · end of year $2,291,470
-
4 · Accounts receivable
beginning of year $1,398,492 · end of year $1,742,355
-
9 · Prepaid expenses and deferred charges
beginning of year $105,059 · end of year $98,160
-
10a · Land, buildings and equipment: cost or other basis
$795,884
-
10b · Land, buildings and equipment: accumulated depreciation
$656,813
-
10c · Land, buildings and equipment, net
beginning of year $153,683 · end of year $139,071
-
15 · Other assets
beginning of year $6,343 · end of year $6,343
-
17 · Accounts payable and accrued expenses
beginning of year $347,140 · end of year $356,511
-
19 · Deferred revenue
beginning of year $98,612 · end of year $206,890
-
25 · Other liabilities
beginning of year $15,440 · end of year $16,115
-
29 · Capital stock, trust principal or current funds
beginning of year $650 · end of year $650
-
31 · Retained earnings, endowment or other funds
beginning of year $3,072,506 · end of year $3,697,233
Mission and programs · 2023
Mission
PROVIDE PROGRAMS AND SERVICES IN SUPPORT OF RURAL ELECTRICIFATION
Activities or mission (Part I)
PROVIDE PROGRAMS AND SERVICES IN SUPPORT OF RURAL ELECTRIFICATION
-
MEMBER SERVICES - CONDUCTED WORKSHOPS, TRAINING SESSIONS AND SPECIAL PROJECTS TO PROVIDE PERSONNEL OF MEMBER COOPERATIVES OPPORTUNITIES TO ENHANCE WORK SKILLS, JOB KNOWLEDGE AND PERFORMANCE.
Expenses $3,987,075
-
CAROLINA COUNTRY MAGAZINE - PROVIDED MONTHLY MAGAZINE, APPROXIMATELY 720,000 COPIES PER MONTH, TO CUSTOMERS OF MEMBER COOPERATIVES.
Expenses $5,545,415
-
JOB TRAINING & SAFETY - PROVIDED JOB AND SAFETY TRAINING FOR LINEMAN AND OTHER OPERATIONS PERSONNEL OF MEMBER COOPERATIVES. ALSO, PROVIDED PROGRAMS FOR YOUTH VOLUNTEERS, WOMEN'S GROUPS AND LOCAL CO-OP PERSONNEL TO STRENGTHEN THE ELECTRIC COOPERATIVE EFFORT IN NORTH CAROLINA.
Expenses $1,468,611
-
COOPERATIVE INSIGHTS - PROVIDE ANALYTICAL AND OTHER ENERGY-RELATED SERVICES TO ELECTRIC COOPERATIVE MEMBERS AND NONMEMBERS.
Expenses $1,821,124
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Joseph P BrannanJOSEPH P BRANNAN
EVP AND CEO
- Total calculated
- $2,496,156
- From this org
- $0
- From related orgs
- $2,361,364
- Other
- $134,792
- Hours/week
- 6
Schedule J breakdown matched by us
- Base
- not reported + $2,361,364 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $134,792 related
- Filer's total
- not reported + $2,496,156 related
-
Lark S JamesLARK S JAMES
SVP AND CFO
- Total calculated
- $938,901
- From this org
- $0
- From related orgs
- $805,660
- Other
- $133,241
- Hours/week
- 6
Schedule J breakdown matched by us
- Base
- not reported + $805,660 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $133,241 related
- Filer's total
- not reported + $938,901 related
-
Charles E BaylessCHARLES E BAYLESS
SVP GENERAL
- Total calculated
- $462,141
- From this org
- $0
- From related orgs
- $345,138
- Other
- $117,003
- Hours/week
- 6
Schedule J breakdown matched by us
- Base
- not reported + $345,138 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $117,003 related
- Filer's total
- not reported + $462,141 related
-
Michael YouthMICHAEL YOUTH
ASSIST. SEC.
- Total calculated
- $292,421
- From this org
- $0
- From related orgs
- $225,437
- Other
- $66,984
- Hours/week
- 6
Schedule J breakdown matched by us
- Base
- not reported + $225,437 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $66,984 related
- Filer's total
- not reported + $292,421 related
-
Timothy DodgeTIMOTHY DODGE
ASSIST. SEC.
- Total calculated
- $263,212
- From this org
- $0
- From related orgs
- $190,504
- Other
- $72,708
- Hours/week
- 6
Schedule J breakdown matched by us
- Base
- not reported + $190,504 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $72,708 related
- Filer's total
- not reported + $263,212 related
-
Nelle HotchkissNELLE HOTCHKISS
SVP AND COO
- Total calculated
- $505,534
- From this org
- $0
- From related orgs
- $374,023
- Other
- $131,511
- Hours/week
- 30
Schedule J breakdown matched by us
- Base
- not reported + $374,023 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $131,511 related
- Filer's total
- not reported + $505,534 related
-
Richard A MidgettRICHARD A MIDGETT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
S Dirk BurlesonS DIRK BURLESON
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Tammie PhillipsTAMMIE PHILLIPS
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 2
-
Greg AndressGREG ANDRESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William E AskewWILLIAM E ASKEW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom BatchelorTOM BATCHELOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
J Dean CarpenterJ DEAN CARPENTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John ChandlerJOHN CHANDLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Marshall CherryMARSHALL CHERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
J Douglas BrinsonJ DOUGLAS BRINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tommy DalrympleTOMMY DALRYMPLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
J Michael DavisJ MICHAEL DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Calvin DuncanCALVIN DUNCAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Susan E FlytheSUSAN E FLYTHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Don GattonDON GATTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas GoldenTHOMAS GOLDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Stephen HamlinSTEPHEN HAMLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kelly HarringtonKELLY HARRINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kevin HeathKEVIN HEATH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Winston HowellWINSTON HOWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Douglas W JohnsonDOUGLAS W JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richard H JohnsonRICHARD H JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey B JoinesJEFFREY B JOINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jacob JoplinJACOB JOPLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
J Randy KinleyJ RANDY KINLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carl W Kornegay JrCARL W KORNEGAY JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dale F LambertDALE F LAMBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tucker LemleyTUCKER LEMLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eric LocklearERIC LOCKLEAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jon T LocklearJON T LOCKLEAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey LovenJEFFREY LOVEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
James E Mangum JrJAMES E MANGUM JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Suzy MorganSUZY MORGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Anthony NelsonANTHONY NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eddie OldhamEDDIE OLDHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karoline OverbyKAROLINE OVERBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John L PierceJOHN L PIERCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Elbert Ray Pitt JrELBERT RAY PITT JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
W Greg PuckettW GREG PUCKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gary RayGARY RAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lucas SorrellsLUCAS SORRELLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Christopher SpearsCHRISTOPHER SPEARS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Allen W SpellerALLEN W SPELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John W SpenceJOHN W SPENCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Donald H SpiveyDONALD H SPIVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul SpruillPAUL SPRUILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark A SuggsMARK A SUGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth Thorton JrKENNETH THORTON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dent TurnerDENT TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
W Max WalserW MAX WALSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Basil WilliamsBASIL WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Josh WinslowJOSH WINSLOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- SCHEDULE J, PAGE 1, PART I, LINE 3
- NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION (NCEMC) PROVIDES STAFF SERVICES TO THE COMPANY IN ACCORDANCE WITH A MANAGEMENT AGREEMENT BETWEEN THE PARTIES. MANAGEMENT FEES, WHICH INCLUDE ALLOCABLE C0MPENSATION OF CERTIAN MEMBERS OF NCEMC EXECUTIVE MANAGEMENT, ARE CHARGED AT COST.
- SCHEDULE J, PAGE 1, PART I, LINE 4
- JOSEPH P. BRANNAN 0 875,851 0 LARK S. JAMES 0 276,083 0
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NORTH CAROLINA ELECTRIC MEMBERSHIP
501C12 · SALE OF EL · NC
Directly controlled by NA NO
-
HUMAN CONNECTIONS FOUNDATION INC
501C3 · DISTRIBUTE · NC
Directly controlled by NA NO
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
THE TARHEEL ELECTRIC MEMBERSHIP
C CORP · MATERIAL A · NC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441359349301829
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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