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Central Electric Membership

Public charity · Grantmaker Sanford, NC EIN: 56-0478157 Website

Safe and effective distribution of electricity to the members of central emc

Key facts about Central Electric Membership

In short: Central Electric Membership gave $19K across 1 grant in 2025 (avg $19K), mostly in North Carolina. Source: 2025 IRS Form 990.

EIN
56-0478157
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$19,429
Grants made (2025)
1
Average grant
$19,429
Median grant
$19,429
Total assets
$148,593,806
Primary geography
North Carolina (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$148.6M

+7.6% YoY

Annual Giving

$19K

+29.6% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$19K

+29.6% YoY

How Central Electric Membership gives

  • Giving fell 60% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Central Electric Membership

Based on IRS filings

Central Electric Membership is a public charity, based in Sanford, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $148.6M in total assets. In 2025, it awarded 1 grant totaling $19K. Net investment income was $133K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

Cities

Sanford

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $15K (2024) to $49K (2021). In 2025 it made 1 grant totaling $19K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Central Elec Mem Care Trust: $19KCentral Elec Mem Care Trust$19K

The largest 2025 recipient was Central Elec Mem Care Trust ($19K).

Grant Size Distribution

5 grants across all recorded years

5<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Central Elec Mem Care Trust Sanford, NCAdmin Assistance$19,429

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$20M$40M$60M$80M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$148,593,806$138,040,596$133,265,783
Revenue$68,957,194$62,196,930$58,207,932
Expenses$69,995,781$62,937,508$60,109,851
Net Investment Income$132,858$27,736$42,261

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS September 2, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS August 11, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS September 5, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS October 11, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS August 27, 2025)
  6. Added Form 990 for fiscal year 2025 (received by the IRS July 13, 2026)

Leadership & Key People

Officers and directors from IRS filings

Central Electric Membership is led by Edward B. Oldham, CEO & General M on every filing since 2020; all 19 officers listed in 2025 are compensated.

Officers on the 2025 filing

  • Edward B. Oldham

    CEO & General M

    On filings since 2020

    40 hrs/week

    $186K (2020) → $292K (2025)

  • Rebecca G. Paschal-Cogan

    President

    On filings since 2020

    6.2 hrs/week

    $25K (2020) → $27K (2025)

  • Henry Randolph

    Director

    On filings since 2020

    3.8 hrs/week

    $18K (2020) → $23K (2025)

  • Nancy G. Holmes

    Director

    On filings since 2020

    4.1 hrs/week

    $20K (2020) → $23K (2025)

  • Timothy W. Priest

    Director

    On filings since 2020

    7.1 hrs/week

    $19K (2020) → $22K (2025)

  • C. Henry Outz Jr.

    Director

    On filings since 2021

    2.8 hrs/week

    $19K (2021) → $21K (2025)

  • Charles E. Cameron Sr.

    Director

    On filings since 2022

    4.6 hrs/week

    $13K (2022) → $26K (2025)

  • Bianka Stumpf

    Director

    New on the 2025 filing

    4.7 hrs/week

    $19K (2025)

  • Matthew Gardner

    Director of

    New on the 2025 filing

    40 hrs/week

    $118K (2025)

  • Angela D. Hare

    Vice President of Custom

    On filings since 2020

    40 hrs/week

    $127K (2020) → $168K (2025)

  • J. Thomas Dalrymple

    Vice President

    On filings since 2020

    6.6 hrs/week

    $22K (2020) → $22K (2025)

  • James B. Brooks

    Secretary - Treasurer

    Secretary-Tr → Secretary - Treasurer, 2025

    On filings since 2020

    2.6 hrs/week

    $18K (2020) → $21K (2025)

  • Jody B. Albright

    Vice President of Member

    On filings since 2020

    40 hrs/week

    $122K (2020) → $164K (2025)

  • Tabitha L. Whitlow

    Vice President Finance & Acting

    On filings since 2020

    40 hrs/week

    $137K (2020) → $187K (2025)

  • W. Phillip Thompson Jr.

    Assistant Secretary

    On filings since 2020

    5 hrs/week

    $19K (2020) → $22K (2025)

  • Terry Collins

    Manager of O

    On filings since 2021

    40 hrs/week

    $107K (2021) → $139K (2025)

  • James Taylor

    Manager Payroll

    On filings since 2023

    40 hrs/week

    $108K (2023) → $127K (2025)

  • Nathan Stephens

    Manager of Engin

    On filings since 2024

    40 hrs/week

    $112K (2024) → $122K (2025)

  • Raymond Francisco

    Overhead for

    New on the 2025 filing

    40 hrs/week

    $141K (2025)

Former officers (12)
  • Former: L. Frank Comer III (2020–2024) — Director
  • Former: Martin Jessup (2020–2024) — Overhead for
  • Former: Jill Adcock (2024) — Director of Cust
  • Former: Edith C. Cox (2020–2023) — Director
  • Former: Robert Thompson (2020–2023) — Systems Engi
  • Former: Kenneth Thomas (2023) — Lineman
  • Former: George D. Langston (2020–2022) — Former Officer
  • Former: Kent Gunter (2020–2022) — Superintende
  • Former: Jonathan Roberts (2022) — Overhead for
  • Former: Wesley T. Davis (2020–2021) — System Engin
  • Former: Henry C. Outz Jr. (2020) — Director
  • Former: Thomas E. Duckworth (2020) — Line Superin

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Edward B Oldham — CEO & Gen. M: $292KEdward B OldhamCEO & Gen. M$292KTabitha L Whitlow — VP Fin & Act: $187KTabitha L WhitlowVP Fin & Act$187KAngela D Hare — VP of Custom: $168KAngela D HareVP of Custom$168KJody B Albright — VP of Member: $164KJody B AlbrightVP of Member$164KRaymond Francisco — Overhead for: $141KRaymond FranciscoOverhead for$141KTerry Collins — Manager of O: $139KTerry CollinsManager of O$139KJames Taylor — MGR Payroll/: $127KJames TaylorMGR Payroll/$127KNathan Stephens — MGR of Engin: $122KNathan StephensMGR of Engin$122KMatthew Gardner — Director of: $118KMatthew GardnerDirector of$118KRebecca G Paschal-Cogan — President: $27KRebecca G Paschal-CoganPresident$27KCharles E Cameron Sr — Director: $26KCharles E Cameron SrDirector$26KNancy G Holmes — Director: $23KNancy G HolmesDirector$23KHenry Randolph — Director: $23KHenry RandolphDirector$23KW Phillip Thompson Jr — Asst. Secret: $22KW Phillip Thompson JrAsst. Secret$22KJ Thomas Dalrymple — Vice-Preside: $22KJ Thomas DalrympleVice-Preside$22KTimothy W Priest — Director: $22KTimothy W PriestDirector$22KJames B Brooks — Sec. - Treas: $21KJames B BrooksSec. - Treas$21KC Henry Outz Jr — Director: $21KC Henry Outz JrDirector$21KBianka Stumpf — Director: $19KBianka StumpfDirector$19K

The highest reported compensation on the 2025 filing was $292K, to Edward B Oldham (CEO & Gen. M). 19 officers or directors reported compensation on that filing.

Frequently asked questions about Central Electric Membership

How much does Central Electric Membership give each year?

Central Electric Membership gave $19K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $15K across 1 grant.

How large is Central Electric Membership?

Central Electric Membership reported $148.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $69.0M.

Where does Central Electric Membership operate?

Central Electric Membership has awarded grants in North Carolina.

What is Central Electric Membership's EIN?

Central Electric Membership's EIN (Employer Identification Number) is 56-0478157. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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