SALE OF ELECTRIC POWER TO NC DISTRIBUTION MEMBER COOPERATIVES.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4B
+10.0% YoY
Annual Giving
$620K
-15.0% YoY
Grant Count
37
-21.3% YoY
Avg Grant Size
$17K
+8.0% YoY
About North Carolina Electric Membership
Based on IRS filings
North Carolina Electric Membership is a nonprofit organization focused on Mutual/Membership Benefit, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4B in total assets. In 2024, it awarded 37 grants totaling $620K. Net investment income was $9.7M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,422,893,032 | $2,202,526,245 | $2,328,294,916 |
| Revenue | $1,251,544,262 | $1,171,919,581 | $1,247,913,136 |
| Expenses | $1,221,544,262 | $1,141,919,581 | $1,217,913,136 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $9,714,790 | $28,174,444 | $23,344,613 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
217 grants across all recorded years
Open Grants
1 open opportunity from North Carolina Electric Membership
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nc Agricultural Foundation ($68,000), North Carolina Chamber ($50,000), Energyunited ($36,104).
| Recipient | Purpose | Amount |
|---|---|---|
| NC AGRICULTURAL FOUNDATION RALEIGH, NC | AGRICULTURAL ASSISTANCE | $68,000 |
| NORTH CAROLINA CHAMBER RALEIGH, NC | ECONOMIC DEVELOPMENT ASSISTANCE | $50,000 |
| ENERGYUNITED STATESVILLE, NC | EDUCATIONAL ASSISTANCE | $36,104 |
| NC RURAL CENTER RALEIGH, NC | ECONOMIC DEVELOPMENT ASSISTANCE | $30,000 |
| NC LEGISLATIVE BLACK CAUCUS FOUNDATION RALEIGH, NC | CIVIC DONATION | $30,000 |
| ECONOMIC DEVELOPMENT PARTNERSHIP CARY, NC | ECONOMIC DEVELOPMENT ASSISTANCE | $25,000 |
| UNC PEMBROKE PEMBROKE, 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUSAN E FLYTHE | PRESIDENT | 4 | — |
| GREG ANDRESS | VICE PRESIDENT | 4 | — |
| JOSH WINSLOW | SECRETARY/TREASURER | 4 | — |
| KEVIN HEATH | DIRECTOR | 2 | — |
| JOHN W SPENCE | DIRECTOR | 2 | — |
| DOUGLAS W JOHNSON | DIRECTOR | 2 | — |
| JOHNNY WISHON | DIRECTOR | 2 | — |
| DAVID GORE | DIRECTOR | 2 | — |
| RICHARD A MIDGETT | DIRECTOR | 2 | — |
| JACOB JOPLIN | DIRECTOR | 2 | — |
| DELORIA IRBY | DIRECTOR | 2 | — |
| EDDIE OLDHAM | DIRECTOR | 2 | — |
| REBECCA P COGAN | DIRECTOR | 2 | — |
| WINSTON HOWELL | DIRECTOR | 2 | — |
| ELBERT RAY PITT JR | DIRECTOR | 2 | — |
| THOMAS GOLDEN | DIRECTOR | 2 | — |
| BRIAN SISSON | DIRECTOR | 2 | — |
| DONALD LEE GATTON | DIRECTOR | 2 | — |
| S FRANKLIN WILLIAMS | DIRECTOR | 2 | — |
| TUCKER LEMLEY | DIRECTOR | 2 | — |
| BASIL WILLIAMS | DIRECTOR | 2 | — |
| TOM BATCHELOR | DIRECTOR | 2 | — |
| LUCAS SORRELL | DIRECTOR | 2 | — |
| GARY W RAY | DIRECTOR | 2 | — |
| JOHN L PIERCE | DIRECTOR | 2 | — |
| JON T LOCKLEAR | DIRECTOR | 2 | — |
| RORY EDDINGS | DIRECTOR | 2 | — |
| DONALD H SPIVEY | DIRECTOR | 2 | — |
| BENJAMIN R LYBRAND | DIRECTOR | 2 | — |
| JORDAN OVERBEE | DIRECTOR | 2 | — |
| J RANDY KINLEY | DIRECTOR | 2 | — |
| MARK A SUGGS | DIRECTOR | 2 | — |
| JEFFREY N LETCHWORTH | DIRECTOR | 2 | — |
| DENNIS MABE | DIRECTOR | 2 | — |
| JERRY BOWMAN | DIRECTOR | 2 | — |
| MARSHALL CHERRY | DIRECTOR | 2 | — |
| ALLEN W SPELLER | DIRECTOR | 2 | — |
| S DIRK BURLESON | DIRECTOR | 2 | — |
| J DEAN CARPENTER | DIRECTOR | 2 | — |
| CHRISTOPHER SPEARS | DIRECTOR | 2 | — |
| KELLY HARRINGTON | DIRECTOR | 2 | — |
| W GREG PUCKETT | DIRECTOR | 2 | — |
| KAROLINE OVERBY | DIRECTOR | 2 | — |
| PAUL SPRUILL | DIRECTOR | 2 | — |
| J DOUGLAS BRINSON | DIRECTOR | 2 | — |
| J MICHAEL DAVIS | DIRECTOR | 2 | — |
| CARL W KORNEGAY JR | DIRECTOR | 2 | — |
| JAMES E MANGUM JR | DIRECTOR | 2 | — |
| DENT TURNER | DIRECTOR | 2 | — |
| MIKE DICKERSON | DIRECTOR | 2 | — |
| JOSEPH P BRANNAN | EXECUTIVE VP & CEO | 34 | $1,587,879 |
| LARK S JAMES | SENIOR VP, FINANCE & CFO | 34 | $560,612 |
| MICHAEL YOUTH | ASSISTANT SECRETARY/TREASURER | 34 | $234,119 |
| CHARLES BAYLESS | SENIOR VP, GENERAL COUNSEL | 34 | $361,073 |
| TIMOTHY DODGE | ASSISTANT SECRETARY/TREASURER | 34 | $200,632 |
| AMADOU FALL | SENIOR VP & COO | 40 | $527,799 |
| NELLE HOTCHKISS | SENIOR VP & COO, NCAEC | 10 | $391,012 |
| CHRISTOPHER VANLOKEREN | CHIEF INFORMATION OFFICER | 34 | $356,110 |
| LEE S RAGSDALE | SENIOR VICE PRESIDENT, GRID INFRASTRUCTURE & COMPL | 40 | $305,195 |
| DOUGLAS R BROWNE | VICE PRESIDENT, FINANCE | 34 | $311,037 |
| MELCHER KENNETH | VICE PRESIDENT, IT OPERATIONS | 34 | $263,918 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is North Carolina Electric Membership?
North Carolina Electric Membership is a nonprofit organization focused on Mutual/Membership Benefit, based in RALEIGH, NC. It holds $2.4B in total assets as of 2024.
How large is North Carolina Electric Membership?
As of 2024, North Carolina Electric Membership holds $2.4B in total assets with $1.3B in annual revenue. It awarded 37 grants totaling $620K in 2024.
Where does North Carolina Electric Membership operate?
North Carolina Electric Membership has awarded grants in Colorado, District of Columbia, Maryland, North Carolina, Virginia.
What size grants does North Carolina Electric Membership award?
In 2024, North Carolina Electric Membership awarded 37 grants totaling $620K — an average of about $17K per grant, based on its IRS Form 990 filings.
What is North Carolina Electric Membership's EIN?
North Carolina Electric Membership's EIN (Employer Identification Number) is 56-0995910. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in North Carolina Electric Membership's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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