North Carolina Electric Membership Corporation
North Carolina Electric Membership Corporation is a Raleigh-based public charity formed in 1949. It is a member-owned generation and transmission electric cooperative owned by 25 North Carolina electric cooperatives. The organization provides wholesale electric generation and transmission services to those member cooperatives, which serve more than one million homes, farms, and businesses in North Carolina.
North Carolina Electric Membership Corporation at a glance
In short: North Carolina Electric Membership Corporation gave $585K across 36 grants in 2025 (avg $16K), mostly in North Carolina. 8% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $584,642
- -5.8% vs 2024
- Grants made (2025)
- 36
- -2.7% vs 2024
- Average grant
- $16,240
- -3.1% vs 2024
- Median grant
- $12,379
- Total assets
- $2,425,741,838
- +0.1% vs 2024
- New grantees (estimate)
- 8% first-time grantees (3 of 36, 2025)
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to North Carolina Electric Membership Corporation
- Contact
Mailing address: 3400 Sumner Boulevard, Raleigh, NC 27616
Phone: (919) 872-0800
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who North Carolina Electric Membership Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was NC Agricultural Foundation ($68K). Together the top 10 received $318K.
Grant Size Distribution
203 grants across all recorded years
The most common grant size was under $50K: 197 grants of 203 (97%).
Geographic Focus
Where this funder awards grants
All reported 2025 grant dollars went to organizations in North Carolina.
Grant Distribution by State
Share of 2025 grant dollars across all 36 itemized grants.
Cities
Is North Carolina Electric Membership Corporation open to new grantees?
8%
first-time grantees, 2025
In 2025, 3 of 36 grantees (8%) were first-time recipients. First grants averaged $9K; repeat grants $17K. How we count
Medians: $8K first-time, $13K repeat.
- 81% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+5%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $558K (2022) to $730K (2023). In 2025 it made 36 grants totaling $585K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NC Agricultural Foundation Raleigh, NC | Agricultural Assistance | $68,000 |
| North Carolina Chamber Raleigh, NC | Economic Development Assistance | $50,000 |
| Economic Development Partnership Cary, NC | Economic Development Assistance | $49,500 |
| Energyunited Statesville, NC | Educational Assistance | $36,104 |
| Nreca International Ltd Arlington, NC | Educational Assistance | $25,000 |
| NC Department of Agriculture and Consumer Service Raleigh, NC | Agricultural Assistance | $24,000 |
| Blue Ridge EMC Lenoir, NC | Educational Assistance | $17,591 |
| Brunswick EMC Shallotte, NC | Educational Assistance | $16,566 |
| Rutherford EMC Forest City, NC | Educational Assistance | $15,871 |
| NC Legislative Black Caucus Foundation Raleigh, NC | Civic Donation | $15,000 |
Ready to take the next step with North Carolina Electric Membership Corporation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $2,425,741,838 | $1,402,413,754 | $1,372,413,754 | $584,642 | 36 | $26,914,179 |
| 2024 | $2,422,893,032 | $1,251,544,262 | $1,221,544,262 | $620,322 | 37 | $9,714,790 |
| 2023 | $2,202,526,245 | $1,171,919,581 | $1,141,919,581 | $729,554 | 47 | $28,174,444 |
| 2022 | $2,328,294,916 | $1,247,913,136 | $1,217,913,136 | $557,702 | 38 | $23,344,613 |
| 2021 | $2,356,482,991 | $1,170,744,231 | $1,140,744,231 | $604,662 | 45 | $42,412,393 |
| 2020 | $2,174,728,007 | $1,109,305,874 | $1,079,305,874 | $681,187 | 58 | $16,786,514 |
| 2019 | $2,180,228,388 | $1,219,103,028 | $1,189,103,028 | $671,335 | 56 | $31,216,187 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The organization’s stated mission is the sale of electric power to North Carolina distribution member cooperatives.
Its 2025 grants included support described as agricultural assistance, economic development assistance, educational assistance, civic donations, and contributions. Among the supported organizations, the North Carolina Agricultural Foundation describes its mission as promoting education, research, and extension within NC State University’s College of Agriculture and Life Sciences. The North Carolina Chamber describes itself as a nonpartisan business advocacy organization working to help North Carolina remain a leading place to do business.
Grantmaking
In filing year 2025, the organization reported 36 grants totaling $584,642. Grants ranged from $5,820 to $68,000, with a median of $12,378. All reported grant dollars went to recipients in North Carolina.
Largest reported grants included $68,000 to the North Carolina Agricultural Foundation for agricultural assistance, $50,000 to the North Carolina Chamber for economic development assistance, $49,500 to the Economic Development Partnership for economic development assistance, and $36,104 to EnergyUnited for educational assistance. Other notable grants included $25,000 to NRECA International Ltd. for educational assistance, $24,000 to the NC Department of Agriculture and Consumer Service for agricultural assistance, and $17,591 to Blue Ridge EMC for educational assistance.
Additional recipients included Brunswick EMC, which describes its mission as providing members with electric and consumer services and distributing safe, affordable, reliable, and environmentally responsible electricity; Rutherford EMC, whose stated mission is to provide electric service at a reasonable cost and to high service standards; and Leadership North Carolina, whose mission is to inform, develop, and engage leaders on issues and opportunities facing the state.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Joseph P. Brannan as executive vice president and CEO; Lark S. James as senior vice president of finance and CFO; Amadou Fall as senior vice president and COO; Charles Bayless as senior vice president and general counsel; Douglas R. Browne as chief financial officer; Christopher Vanlokeren as chief information officer; Lee S. Ragsdale as senior vice president of grid infrastructure and compliance; James Wilkins as vice president of energy portfolio; Jason L. Caudle as senior vice president and COO of TEMA; and Nelle Hotchkiss as senior vice president and COO of NCAEC.
The filing states that the board has 50 directors: one general manager or CEO and one director selected from the board of each of the 25 member cooperatives. The board elects its officers.
North Carolina Electric Membership Corporation is led by Joseph P. Brannan, Executive Vice President & CEO on every filing since 2019; 12 of 62 officers listed in 2025 are compensated.
Officers on the 2025 filing
Joseph P. Brannan
Executive Vice President & CEO
On filings since 2019
34 hrs/week
$1.6M (2019) → $3.4M (2025)
Susan E. Flythe
President
Secretary & Treasurer → Vice President, 2021
Vice President → President, 2023
On filings since 2019
4 hrs/week
No compensation reported
Allen W. Speller
Director
On filings since 2019
2 hrs/week
No compensation reported
Benjamin R. Lybrand
Director
On filings since 2019
2 hrs/week
No compensation reported
Carl W. Kornegay Jr.
Director
On filings since 2019
2 hrs/week
No compensation reported
Christopher Spears
Director
On filings since 2019
2 hrs/week
No compensation reported
Deloria Irby
Director
On filings since 2019
2 hrs/week
No compensation reported
Donald H. Spivey
Director
On filings since 2019
2 hrs/week
No compensation reported
Elbert Ray Pitt Jr.
Director
On filings since 2019
2 hrs/week
No compensation reported
Greg Andress
Director
Secretary & Treasurer → Vice President, 2023
Vice President → Director, 2025
On filings since 2019
2 hrs/week
No compensation reported
J. Douglas Brinson
Director
On filings since 2019
2 hrs/week
No compensation reported
J. Michael Davis
Director
On filings since 2019
2 hrs/week
No compensation reported
Jacob Joplin
Director
On filings since 2019
2 hrs/week
No compensation reported
James E. Mangum Jr.
Director
On filings since 2019
2 hrs/week
No compensation reported
Jeffrey N. Letchworth
Director
On filings since 2019
2 hrs/week
No compensation reported
Jerry Bowman
Director
On filings since 2019
2 hrs/week
No compensation reported
John L. Pierce
Director
On filings since 2019
2 hrs/week
No compensation reported
John W. Spence
Director
On filings since 2019
2 hrs/week
No compensation reported
Kelly Harrington
Director
On filings since 2019
2 hrs/week
No compensation reported
Mark A. Suggs
Director
On filings since 2019
2 hrs/week
No compensation reported
Mike Dickerson
Director
On filings since 2019
2 hrs/week
No compensation reported
Paul Spruill
Director
President → Director, 2021
On filings since 2019
2 hrs/week
No compensation reported
Rebecca P. Cogan
Director
On filings since 2019
2 hrs/week
No compensation reported
Richard A. Midgett
Director
On filings since 2019
2 hrs/week
No compensation reported
S. Franklin Williams
Director
On filings since 2019
2 hrs/week
No compensation reported
Tom Batchelor
Director
On filings since 2019
2 hrs/week
No compensation reported
W. Greg Puckett
Director
Vice President → President, 2021
President → Director, 2023
On filings since 2019
2 hrs/week
No compensation reported
Winston Howell
Director
On filings since 2019
2 hrs/week
No compensation reported
Donald Lee Gatton
Director
On filings since 2021
2 hrs/week
No compensation reported
Johnny Wishon
Director
On filings since 2021
2 hrs/week
No compensation reported
Marshall Cherry
Director
On filings since 2021
2 hrs/week
No compensation reported
Basil Williams
Director
On filings since 2022
2 hrs/week
No compensation reported
David Gore
Director
On filings since 2022
2 hrs/week
No compensation reported
Jon T. Locklear
Director
On filings since 2022
2 hrs/week
No compensation reported
Karoline Overby
Director
On filings since 2022
2 hrs/week
No compensation reported
Rory Eddings
Director
On filings since 2022
2 hrs/week
No compensation reported
Thomas Golden
Director
On filings since 2022
2 hrs/week
No compensation reported
Dent Turner
Director
On filings since 2023
2 hrs/week
No compensation reported
J. Randy Kinley
Director
On filings since 2023
2 hrs/week
No compensation reported
Kevin Heath
Director
On filings since 2023
2 hrs/week
No compensation reported
Lucas Sorrell
Director
On filings since 2023
2 hrs/week
No compensation reported
Tucker Lemley
Director
On filings since 2023
2 hrs/week
No compensation reported
Brian Sisson
Director
On filings since 2024
2 hrs/week
No compensation reported
Dennis Mabe
Director
On filings since 2024
2 hrs/week
No compensation reported
Jordan Overbee
Director
On filings since 2024
2 hrs/week
No compensation reported
Jeff Brittain
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Katie Woodle
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Mark Mullen
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Ricky Maready
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Charles E. Bayless
Senior Vice President & General Counsel
Assistant Secretary & Treasurer → Senior Vice President & General Counsel, 2021
On filings since 2019
34 hrs/week
$217K (2019) → $403K (2025)
Christopher W. Vanlokeren
Chief Information Officer
On filings since 2019
34 hrs/week
$304K (2019) → $375K (2025)
Douglas R. Browne
Chief Financial Officer
Vice President, Finance & Accounting → Vice President & Finance, 2022
Vice President & Finance → Chief Financial Officer, 2025
On filings since 2019
34 hrs/week
$236K (2019) → $366K (2025)
Lark S. James
Senior Vice President, Finance & CFO
On filings since 2019
34 hrs/week
$778K (2019) → $772K (2025)
Lee S. Ragsdale
Senior Vice President, Grid Infrastructure & Compl
Senior Vice President & Grid Infrastruc → Senior Vice President, Grid Infrastructure & Compliance, 2022
Senior Vice President, Grid Infrastructure & Compliance → Senior Vice President, Grid Infrastructure & Compl, 2023
On filings since 2019
40 hrs/week
$259K (2019) → $315K (2025)
Michael D. Youth
Assistant Secretary & Treasurer
On filings since 2019
34 hrs/week
$182K (2019) → $266K (2025)
Nelle P. Hotchkiss
Senior Vice President, COO & Ncaec
On filings since 2019
10 hrs/week
$420K (2019) → $307K (2025)
Amadou Fall
Senior Vice President & COO
On filings since 2021
40 hrs/week
$403K (2021) → $681K (2025)
Timothy Dodge
Assistant Secretary & Treasurer
On filings since 2021
34 hrs/week
$134K (2021) → $212K (2025)
James Wilkins
Vice President & Energy Portfolio
On filings since 2022
40 hrs/week
$240K (2022) → $292K (2025)
Jason L. Caudle
Senior Vice President, COO & Tema
New on the 2025 filing
6 hrs/week
$292K (2025)
Eddie Oldham
Vice President
Director → Vice President, 2025
On filings since 2019
4 hrs/week
No compensation reported
Josh Winslow
Vice President
Director → Secretary & Treasurer, 2023
Secretary & Treasurer → Vice President, 2025
On filings since 2019
4 hrs/week
No compensation reported
Former officers (31)
- Former: Douglas W. Johnson (2019–2024) — Director
- Former: Gary W. Ray (2019–2024) — Director
- Former: J. Dean Carpenter (2019–2024) — Director
- Former: S. Dirk Burleson (2019–2024) — Director
- Former: Melcher Kenneth (2023–2024) — Vice President & It Operations
- Former: Dale F. Lambert (2019–2023) — Director
- Former: Steve Hamlin (2019–2023) — Director
- Former: W. Max Walser (2019–2023) — Director
- Former: Bill R. Barber (2019–2022) — Director
- Former: Charles H. Guerry (2019–2022) — Director
- Former: Jeff Clark (2019–2022) — Director
- Former: Lee Roy Kirk Jr. (2019–2022) — Director
- Former: Larry Clark (2022) — Director
- Former: Frederick Tedder (2019–2021) — Director
- Former: H. Wayne Wilkins (2019–2021) — Director
- Former: Lv Toby Speaks (2019–2021) — Director
- Former: Michael W. Burnette (2019–2021) — Senior Vice President & COO
- Former: Morrell Jones Jr. (2019–2021) — Director
- Former: Richard M. Feathers (2019–2021) — Senior Vice President & General Counsel
- Former: Roy Stamey (2019–2021) — Director
- Former: Spencer Lockear (2020–2021) — Director
- Former: Ajaz Sadiq (2021) — Innovation & Business Development Liason
- Former: Randall Jones (2021) — Director
- Former: Curtis Wynn (2019–2020) — Director
- Former: David Eggers (2019–2020) — Director
- Former: Mitchell L. Keel (2019–2020) — Director
- Former: Diane C. Huis (2020) — Senior Vice President, Innovation & Business Development
- Former: Shawn Hunt (2020) — Director
- Former: Carl A. Pevia (2019) — Director
- Former: Carmen Dietrich (2019) — Director
- Former: Lonnie E. Moore (2019) — Senior Vice President, COO & Tema
Data from IRS Form 990 filings, 2019–2025. "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
The highest reported compensation on the 2025 filing was $3.4M, to Joseph P Brannan (Executive VP & CEO). 12 officers or directors reported compensation on that filing.
Frequently asked questions about North Carolina Electric Membership Corporation
How much does North Carolina Electric Membership Corporation give each year?
North Carolina Electric Membership Corporation gave $585K across 36 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $620K across 37 grants.
What is North Carolina Electric Membership Corporation's typical grant size?
North Carolina Electric Membership Corporation's median grant in 2025 was $12,379, and its average grant was $16,240, across 36 grants on its 2025 IRS Form 990. Organizations receiving their first grant from North Carolina Electric Membership Corporation that year got $9K on average.
Where does North Carolina Electric Membership Corporation give grants?
North Carolina Electric Membership Corporation gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Raleigh, NC (10 grants), Cary, NC (2 grants) and Hillsborough, NC (2 grants).
Does North Carolina Electric Membership Corporation give general operating support?
Not in 2025: none of the 36 grants with a stated purpose on North Carolina Electric Membership Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Educational Assistance" (22 grants), "Economic Development Assistance" (5 grants) and "Agricultural Assistance" (4 grants).
Who are North Carolina Electric Membership Corporation's largest grantees?
North Carolina Electric Membership Corporation's largest 2025 grantees include NC Agricultural Foundation ($68,000), North Carolina Chamber ($50,000) and Economic Development Partnership ($49,500), according to its 2025 IRS Form 990. Together they received 29% of its itemized 2025 grant dollars.
How large is North Carolina Electric Membership Corporation?
North Carolina Electric Membership Corporation reported $2.4B in total assets on its 2025 IRS Form 990. Its revenue that year was $1.4B.
What does North Carolina Electric Membership Corporation fund?
The organization’s stated mission is the sale of electric power to North Carolina distribution member cooperatives. See mission & focus areas ↑
How do I apply for a grant from North Carolina Electric Membership Corporation?
North Carolina Electric Membership Corporation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is North Carolina Electric Membership Corporation's EIN?
North Carolina Electric Membership Corporation's EIN (Employer Identification Number) is 56-0995910. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS May 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 27, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS May 14, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS June 1, 2026)
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). North Carolina Electric Membership Corporation funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/north-carolina-electric-membership-corporation-morg_4ca1d2047a604e08bc616eb1d0181202
BibTeX
@misc{grantable_560995910_2026,
author = {{Grantable}},
title = {{North Carolina Electric Membership Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/north-carolina-electric-membership-corporation-morg_4ca1d2047a604e08bc616eb1d0181202},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from North Carolina Electric Membership Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
North Carolina Electric Membership Corporation down — hundreds of funders to go?