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
No grants recorded for .
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
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with North Carolina Electric Membership on Grantable?
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