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CARTERET-CRAVEN ELECTRIC COOPERATIVE

EIN 56-0168825 NEWPORT, NC

Largest nonprofits in North Carolina

Revenue 2024
$75,188,403
Expenses 2024
$71,135,832

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
12
Classification
4000
Street
PO BOX 1490

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

1 other organization in the IRS Business Master File lists 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 · 2024

Mission

Electric Distribution to Membership

Activities or mission (Part I)

Distribution of Electricity to the Membership of Carteret-Craven Electric Cooperative

  • Electric distribution cooperative supplying electric power to a membership of 36,167 members with 43,136 metered electric services.

    Expenses $71,135,832 · Revenue $72,348,688

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jake Joplin

    CEO

    Total calculated
    $503,260
    From this org
    $329,765
    From related orgs
    $0
    Other
    $173,495
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $329,765
    Bonus
    $0
    Other
    $0
    Deferred
    $173,495
    Nontaxable benefits
    $0
    Filer's total
    $503,260
  • Will Pittman

    VP of Engineering

    Total calculated
    $226,765
    From this org
    $181,030
    From related orgs
    $0
    Other
    $45,735
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $181,030
    Bonus
    $0
    Other
    $0
    Deferred
    $45,735
    Nontaxable benefits
    $0
    Filer's total
    $226,765
  • Cheryl Slater

    VP of Customer Services

    Total calculated
    $162,007
    From this org
    $162,007
    From related orgs
    $0
    Other
    $0
    Hours/week
    45
  • Rex Larowe

    Director of Engineering

    Total calculated
    $143,492
    From this org
    $143,492
    From related orgs
    $0
    Other
    $0
    Hours/week
    45
  • Tara Alderman

    VP of Finance & Accounting

    Total calculated
    $140,770
    From this org
    $140,770
    From related orgs
    $0
    Other
    $0
    Hours/week
    45
  • Michael Dowle Smith

    Line/Service Technician

    Total calculated
    $138,123
    From this org
    $138,123
    From related orgs
    $0
    Other
    $0
    Hours/week
    48.76
  • Rodney B Williams

    Line Crew Leader

    Total calculated
    $135,197
    From this org
    $135,197
    From related orgs
    $0
    Other
    $0
    Hours/week
    44.07
  • Deloria Y Irby

    Director

    Total calculated
    $19,300
    From this org
    $19,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.6
  • Amy L Lock

    President

    Total calculated
    $18,050
    From this org
    $18,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.8
  • Ben S Ball

    Treasurer

    Total calculated
    $16,700
    From this org
    $16,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.7
  • Douglas S Fulcher

    Assistant Treasurer

    Total calculated
    $16,400
    From this org
    $16,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.3
  • Anthony Nelson

    Director

    Total calculated
    $16,100
    From this org
    $16,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3
  • James Schmitt

    Vice President

    Total calculated
    $16,075
    From this org
    $16,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.7
  • Alvin West

    Secretary

    Total calculated
    $14,300
    From this org
    $14,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5
  • Thom Styron

    Assistant Secretary

    Total calculated
    $13,800
    From this org
    $13,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8
  • William Fred Fulcher

    Director

    Total calculated
    $13,300
    From this org
    $13,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.8

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

  • 2024
    Revenue
    $75,188,403
    Expenses
    $71,135,832
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $72,417,120
    Expenses
    $68,415,516
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $70,087,411
    Expenses
    $66,951,412
    Contributions
    $22,152
    Grants paid
    $0

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
    $69,642,731
    Expenses
    $63,628,368
    Assets (EOY)
    $137,343,864
  • 2020 · 990

    Revenue
    $70,996,772
    Expenses
    $65,600,143
    Assets (EOY)
    $136,390,442
  • 2019 · 990

    Revenue
    $78,765,884
    Expenses
    $73,724,323
    Assets (EOY)
    $132,668,457
  • 2018 · 990

    Revenue
    $72,525,227
    Expenses
    $65,354,214
    Assets (EOY)
    $134,502,263
  • 2017 · 990

    Revenue
    $66,361,608
    Expenses
    $60,979,950
    Assets (EOY)
    $128,695,843
  • 2016 · 990

    Revenue
    $66,089,824
    Expenses
    $59,443,898
    Assets (EOY)
    $130,185,613
  • 2015 · 990

    Revenue
    $68,111,406
    Expenses
    $62,061,910
    Assets (EOY)
    $124,326,103
  • 2014 · 990

    Revenue
    $67,624,587
    Expenses
    $62,721,682
    Assets (EOY)
    $117,084,106
  • 2013 · 990

    Revenue
    $64,340,391
    Expenses
    $60,170,181
    Assets (EOY)
    $116,916,137
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $59,990,704
    Assets (EOY)
    $108,349,014

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

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

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 as related by

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 2024, the newest we have parsed for this organization.