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NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION

EIN 56-0995910 RALEIGH, NC

Revenue 2025
$1,402,413,754
Expenses 2025
$1,372,413,754

As filed

Subsection
12
NTEE code
Y22
Classification
1000
Street
3400 SUMNER BLVD

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2025

Mission

SALE OF ELECTRIC POWER TO NC DISTRIBUTION MEMBER COOPERATIVES.

  • NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION PROVIDES WHOLESALE ELECTRIC GENERATION AND TRANSMISSION SERVICES TO 25 MEMBER ELECTRIC DISTRIBUTION COOPERATIVES THAT PROVIDE ELECTRIC SERVICE TO OVER ONE MILLION HOMES, FARMS, AND BUSINESSES IN NORTH CAROLINA.

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Joseph P Brannan

    EXECUTIVE VP & CEO

    Total calculated
    $3,522,039
    From this org
    $3,380,025
    From related orgs
    $0
    Other
    $142,014
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $3,380,025
    Bonus
    $0
    Other
    $0
    Deferred
    $106,452 + $106,452 related
    Nontaxable benefits
    $35,562 + $35,562 related
    Filer's total
    $3,522,039 + $142,014 related
  • Lark S James

    SENIOR VP, FINANCE & CFO

    Total calculated
    $829,741
    From this org
    $772,072
    From related orgs
    $0
    Other
    $57,669
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $772,072
    Bonus
    $0
    Other
    $0
    Deferred
    $42,209 + $42,209 related
    Nontaxable benefits
    $15,460 + $15,460 related
    Filer's total
    $829,741 + $57,669 related
  • Amadou Fall

    SENIOR VP & COO

    Total calculated
    $793,733
    From this org
    $680,556
    From related orgs
    $0
    Other
    $113,177
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $680,556
    Bonus
    $0
    Other
    $0
    Deferred
    $78,693 + $78,693 related
    Nontaxable benefits
    $34,484 + $34,484 related
    Filer's total
    $793,733 + $113,177 related
  • Charles Bayless

    SENIOR VP, GENERAL COUNSEL

    Total calculated
    $529,536
    From this org
    $403,455
    From related orgs
    $0
    Other
    $126,081
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $403,455
    Bonus
    $0
    Other
    $0
    Deferred
    $106,224 + $106,224 related
    Nontaxable benefits
    $19,857 + $19,857 related
    Filer's total
    $529,536 + $126,081 related
  • Douglas R Browne

    CHIEF FINANCIAL OFFICER

    Total calculated
    $498,295
    From this org
    $366,401
    From related orgs
    $0
    Other
    $131,894
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $366,401
    Bonus
    $0
    Other
    $0
    Deferred
    $99,335 + $99,335 related
    Nontaxable benefits
    $32,559 + $32,559 related
    Filer's total
    $498,295 + $131,894 related
  • Christopher Vanlokeren

    CHIEF INFORMATION OFFICER

    Total calculated
    $486,195
    From this org
    $374,960
    From related orgs
    $0
    Other
    $111,235
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $374,960
    Bonus
    $0
    Other
    $0
    Deferred
    $78,693 + $78,693 related
    Nontaxable benefits
    $32,542 + $32,542 related
    Filer's total
    $486,195 + $111,235 related
  • Lee S Ragsdale

    SENIOR VICE PRESIDENT, GRID INFRASTRUCTURE & COMPL

    Total calculated
    $444,450
    From this org
    $315,206
    From related orgs
    $0
    Other
    $129,244
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $315,206
    Bonus
    $0
    Other
    $0
    Deferred
    $97,304 + $97,304 related
    Nontaxable benefits
    $31,940 + $31,940 related
    Filer's total
    $444,450 + $129,244 related
  • James Wilkins

    VP, ENERGY PORTFOLIO

    Total calculated
    $370,048
    From this org
    $292,467
    From related orgs
    $0
    Other
    $77,581
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,467
    Bonus
    $0
    Other
    $0
    Deferred
    $58,719 + $58,719 related
    Nontaxable benefits
    $18,862 + $18,862 related
    Filer's total
    $370,048 + $77,581 related
  • Jason L Caudle

    SENIOR VICE PRESIDENT & COO, TEMA

    Total calculated
    $367,890
    From this org
    $292,462
    From related orgs
    $0
    Other
    $75,428
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $292,462
    Bonus
    $0
    Other
    $0
    Deferred
    $57,111 + $57,111 related
    Nontaxable benefits
    $18,317 + $18,317 related
    Filer's total
    $367,890 + $75,428 related
  • Nelle Hotchkiss

    SENIOR VP & COO, NCAEC

    Total calculated
    $350,493
    From this org
    $306,616
    From related orgs
    $0
    Other
    $43,877
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $306,616
    Bonus
    $0
    Other
    $0
    Deferred
    $31,420 + $31,420 related
    Nontaxable benefits
    $12,457 + $12,457 related
    Filer's total
    $350,493 + $43,877 related
  • Michael Youth

    ASSISTANT SECRETARY/TREASURER

    Total calculated
    $340,955
    From this org
    $266,483
    From related orgs
    $0
    Other
    $74,472
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $266,483
    Bonus
    $0
    Other
    $0
    Deferred
    $55,935 + $55,935 related
    Nontaxable benefits
    $18,537 + $18,537 related
    Filer's total
    $340,955 + $74,472 related
  • Timothy Dodge

    ASSISTANT SECRETARY/TREASURER

    Total calculated
    $290,111
    From this org
    $211,681
    From related orgs
    $0
    Other
    $78,430
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $211,681
    Bonus
    $0
    Other
    $0
    Deferred
    $47,927 + $47,927 related
    Nontaxable benefits
    $30,503 + $30,503 related
    Filer's total
    $290,111 + $78,430 related
  • Susan E Flythe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 2 related
  • Josh Winslow

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 2 related
  • Eddie Oldham

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 2 related
  • Kevin Heath

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • John W Spence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Katie Woodle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Johnny Wishon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • David Gore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Richard A Midgett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Jacob Joplin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Deloria Irby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Rebecca P Cogan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Winston Howell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $1,402,413,754
    Expenses
    $1,372,413,754
    Contributions
    $0
    Grants paid
    $584,642
  • 2024
    Revenue
    $1,251,544,262
    Expenses
    $1,221,544,262
    Contributions
    $0
    Grants paid
    $620,322
  • 2023
    Revenue
    $1,171,919,581
    Expenses
    $1,141,919,581
    Contributions
    $0
    Grants paid
    $729,554
  • 2022
    Revenue
    $1,247,913,136
    Expenses
    $1,217,913,136
    Contributions
    $0
    Grants paid
    $557,702

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $1,170,744,231
    Expenses
    $1,140,744,231
    Assets (EOY)
    $2,356,482,991
  • 2020 · 990

    Revenue
    $1,109,305,874
    Expenses
    $1,079,305,874
    Assets (EOY)
    $2,174,728,007
  • 2019 · 990

    Revenue
    $1,219,103,028
    Expenses
    $1,189,103,028
    Assets (EOY)
    $2,180,228,388
  • 2018 · 990

    Revenue
    $1,210,648,659
    Expenses
    $1,180,648,659
    Assets (EOY)
    $2,183,458,229
  • 2017 · 990

    Revenue
    $1,037,460,980
    Expenses
    $1,014,460,980
    Assets (EOY)
    $2,066,657,554
  • 2016 · 990

    Revenue
    $1,032,616,755
    Expenses
    $1,009,616,755
    Assets (EOY)
    $2,001,614,331
  • 2015 · 990

    Revenue
    $1,110,165,545
    Expenses
    $1,088,364,328
    Assets (EOY)
    $1,882,040,693
  • 2014 · 990

    Revenue
    $1,133,255,545
    Expenses
    $1,115,813,245
    Assets (EOY)
    $1,766,155,702
  • 2013 · 990

    Revenue
    $1,054,211,486
    Expenses
    $1,036,269,868
    Assets (EOY)
    $1,746,706,802
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $1,035,773,398
    Assets (EOY)
    $1,655,423,468

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2025 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2025 return

  • THE TARHEEL ELECTRIC MEMBERSHIP ASSOCIATION

    C · MATERIAL AND EQUIPMENT SALES · NC

  • NCEMC SOLAR ONE LLC

    C · SOLAR ENERGY ACTIVITY · NC · 100% owned · share of income $1,000 · share of assets $1,000

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.