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Nonprofiteer
← CENTRAL ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2025

Filed by CENTRAL ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$68,957,194
Total expenses
$69,995,781
Contributions and grants received
$0
Grants paid
$19,429
Program service revenue
$69,036,999
Investment income
$132,858
Other revenue
-$212,663
Total assets, end of year
$148,593,806
Total liabilities, end of year
$80,315,005
Net assets or fund balances, end of year
$68,278,801
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: SALE OF ELECTRICITY

    total $68,073,490 · related or exempt $68,073,490

  • 2b · Program service revenue: CONTRIB. IN AID OF CONST.

    total $779,117 · related or exempt $779,117

  • 2c · Program service revenue: CASH PATRONAGE RECEIVED

    total $184,392 · related or exempt $184,392

  • 3 · Investment income

    total $125,825 · excluded $125,825

  • 6a · Gross rents

    real property $5,430 · personal property $218,579

  • 6c · Rental income or loss

    real property $5,430 · personal property $218,579

  • 6d · Net rental income or loss

    total $224,009 · related or exempt $5,430 · excluded $218,579

  • 7a · Gross sales of assets other than inventory

    other assets $7,033

  • 7c · Gain or loss

    other assets $7,033

  • 7d · Net gain or loss

    total $7,033 · excluded $7,033

  • 11a · Other revenue: OTHER

    total $22,830 · related or exempt $22,830

  • 11b · Other revenue: LOSS FROM EQUITY INV.

    total -$459,502 · related or exempt -$459,502

  • 11e · Other revenue, total

    -$436,672

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,429

  • 4 · Benefits paid to or for members

    total $4,197,935

  • 5 · Compensation of officers, directors and key employees

    total $1,334,322

  • 7 · Other salaries and wages

    total $5,494,513

  • 8 · Pension plan contributions

    total $1,013,049

  • 10 · Payroll taxes

    total $504,536

  • 11b · Fees: legal

    total $483,115

  • 17 · Travel

    total $711,360

  • 19 · Conferences, conventions and meetings

    total $304,429

  • 20 · Interest

    total $3,021,960

  • 22 · Depreciation, depletion and amortization

    total $5,668,013

  • 24a · Other expenses: COST OF POWER

    total $41,131,356

  • 24b · Other expenses: DIST. MAINTENANCE

    total $3,194,199

  • 24c · Other expenses: ADMIN & GENERAL

    total $2,360,361

  • 24d · Other expenses: DIST. OPERATION

    total $1,761,943

  • 24e · All other expenses

    total -$1,204,739

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,980,936 · end of year $2,020,818

  • 2 · Savings and temporary cash investments

    beginning of year $30,324 · end of year $3,806,452

  • 4 · Accounts receivable

    beginning of year $7,184,616 · end of year $9,119,818

  • 7 · Other notes and loans receivable

    beginning of year $193,990 · end of year $113,476

  • 8 · Inventories for sale or use

    beginning of year $1,812,109 · end of year $1,776,036

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,258,191 · end of year $4,138,140

  • 10a · Land, buildings and equipment: cost or other basis

    $169,652,177

  • 10b · Land, buildings and equipment: accumulated depreciation

    $62,512,698

  • 10c · Land, buildings and equipment, net

    beginning of year $103,633,677 · end of year $107,139,479

  • 12 · Investments: other securities

    beginning of year $3,197,194 · end of year $2,631,305

  • 13 · Investments: program-related

    beginning of year $16,749,559 · end of year $17,848,282

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,360,258 · end of year $8,698,355

  • 23 · Secured mortgages and notes payable

    beginning of year $58,949,421 · end of year $65,411,855

  • 24 · Unsecured notes and loans payable

    beginning of year $633,110 · end of year $596,807

  • 25 · Other liabilities

    beginning of year $5,926,590 · end of year $5,607,988

  • 31 · Retained earnings, endowment or other funds

    beginning of year $65,171,217 · end of year $68,278,801

Mission and programs · 2025

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC

  • SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 41,131,356 DEPRECIATION AND AMORTIZATION 5,668,013 OTHER SALARIES AND WAGES 5,494,513

As filed on the 2025 return.

Listed in Part VII

  • Edward B Oldham

    CEO & GEN. M

    Total calculated
    $386,380
    From this org
    $292,346
    From related orgs
    $0
    Other
    $94,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,346
    Bonus
    not reported
    Other
    not reported
    Deferred
    $79,972
    Nontaxable benefits
    $14,062
    Filer's total
    $386,380

  • Tabitha L Whitlow

    VP FIN & ACT

    Total calculated
    $252,468
    From this org
    $186,975
    From related orgs
    $0
    Other
    $65,493
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,975
    Bonus
    not reported
    Other
    not reported
    Deferred
    $51,431
    Nontaxable benefits
    $14,062
    Filer's total
    $252,468

  • Angela D Hare

    VP OF CUSTOM

    Total calculated
    $238,305
    From this org
    $168,449
    From related orgs
    $0
    Other
    $69,856
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,449
    Bonus
    not reported
    Other
    not reported
    Deferred
    $50,474
    Nontaxable benefits
    $19,382
    Filer's total
    $238,305

  • Jody B Albright

    VP OF MEMBER

    Total calculated
    $231,773
    From this org
    $164,416
    From related orgs
    $0
    Other
    $67,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,416
    Bonus
    not reported
    Other
    not reported
    Deferred
    $47,975
    Nontaxable benefits
    $19,382
    Filer's total
    $231,773

  • Terry Collins

    MANAGER OF O

    Total calculated
    $198,925
    From this org
    $138,953
    From related orgs
    $0
    Other
    $59,972
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,953
    Bonus
    not reported
    Other
    not reported
    Deferred
    $40,590
    Nontaxable benefits
    $19,382
    Filer's total
    $198,925

  • James Taylor

    MGR PAYROLL/

    Total calculated
    $182,692
    From this org
    $126,505
    From related orgs
    $0
    Other
    $56,187
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,505
    Bonus
    not reported
    Other
    not reported
    Deferred
    $36,805
    Nontaxable benefits
    $19,382
    Filer's total
    $182,692

  • Raymond Francisco

    OVERHEAD FOR

    Total calculated
    $180,058
    From this org
    $141,171
    From related orgs
    $0
    Other
    $38,887
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,171
    Bonus
    not reported
    Other
    not reported
    Deferred
    $24,664
    Nontaxable benefits
    $14,223
    Filer's total
    $180,058

  • Nathan Stephens

    MGR OF ENGIN

    Total calculated
    $175,930
    From this org
    $121,806
    From related orgs
    $0
    Other
    $54,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,806
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,742
    Nontaxable benefits
    $19,382
    Filer's total
    $175,930

  • Matthew Gardner

    DIRECTOR OF

    Total calculated
    $165,414
    From this org
    $117,979
    From related orgs
    $0
    Other
    $47,435
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,979
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,373
    Nontaxable benefits
    $14,062
    Filer's total
    $165,414

  • Rebecca G Paschal-Cogan

    PRESIDENT

    Total calculated
    $27,120
    From this org
    $27,120
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.17

  • Charles E Cameron Sr

    DIRECTOR

    Total calculated
    $25,680
    From this org
    $25,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.56

  • Nancy G Holmes

    DIRECTOR

    Total calculated
    $23,310
    From this org
    $23,310
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.09

  • Henry Randolph

    DIRECTOR

    Total calculated
    $23,310
    From this org
    $23,310
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.78

  • W Phillip Thompson Jr

    ASST. SECRET

    Total calculated
    $22,320
    From this org
    $22,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.97

  • J Thomas Dalrymple

    VICE-PRESIDE

    Total calculated
    $21,990
    From this org
    $21,990
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.56

  • Timothy W Priest

    DIRECTOR

    Total calculated
    $21,660
    From this org
    $21,660
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.1

  • James B Brooks

    SEC. - TREAS

    Total calculated
    $20,670
    From this org
    $20,670
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.59

  • C Henry Outz Jr

    DIRECTOR

    Total calculated
    $20,670
    From this org
    $20,670
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.75

  • Bianka Stumpf

    DIRECTOR

    Total calculated
    $18,665
    From this org
    $18,665
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.72

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 survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

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.

Provenance

Return type
form_990
Tax year
2025
Filed
20 June 2026
IRS schema version
2025v4.0
Source object
202611949349301071

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