Wake Electric Care Inc. is a private foundation based in Youngsville, North Carolina. Established in 1997, the organization operates as a 501(c)(3) charitable entity with a focus on supporting educational, community, scholarship, and energy assistance programs primarily throughout North Carolina.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$163K
-14.1% YoY
Annual Giving
$182K
+25.6% YoY
Grant Count
62
+17.0% YoY
Avg Grant Size
$3K
+7.4% YoY
Under IRS private-foundation payout rules, Wake Electric Care Inc reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Wake Electric Care funds initiatives in the following areas:
- Education: Support for educational programs and institutions
- Community Development: Community grants and assistance programs
- Scholarships: College scholarships for high school seniors and current students
- Energy Assistance: Programs providing energy-related support to residents
- Human Services: Grants supporting various human service organizations
Grantmaking
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Geographic Focus
Where this funder awards grants
Wake Electric Care primarily funds organizations and programs in North Carolina, with some activity in South Carolina. The foundation has a particular focus on supporting institutions and communities served by Wake Electric.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Summary:
- Total Assets: $163,093
- Total Revenues: $155,159
- Total Expenses: $181,923
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $163,093 | $189,857 | $182,462 |
| Revenue | $155,159 | $152,162 | $150,680 |
| Expenses | $181,923 | $144,767 | $151,554 |
| Qualifying Distributions | $181,899 | $144,767 | $151,554 |
| Net Investment Income | — | — | — |
| Distributable Amount | $9,521 | $10,134 | $9,633 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Department of Health and Human Res ($22,008), Wake Emc ($10,400), Franklinton High ($8,778).
| Recipient | Purpose | Amount |
|---|---|---|
| DEPARTMENT OF HEALTH AND HUMAN RES RALEIGH, NC | ENERGY ASSISTANCE | $22,008 |
| WAKE EMC WAKE FOREST, NC | COMMUNITY | $10,400 |
| FRANKLINTON HIGH FRANKLINTON, NC | EDUCATIONAL | $8,778 |
| NC STATE UNIVERSITY RALEIGH, NC | SCHOLARSHIP | $7,500 |
| BUNN COMMUNITY EMERGENCY RESPONSE LOUISBURG, NC | COMMUNITY | $5,000 |
| HOUSING FOR NEW HOPE INC DURHAM, NC | COMMUNITY | $5,000 |
| TRANSITIONS LIFECARE RALEIGH, NC | COMMUNITY | $5,000 |
| UNC CHARLOTTE CHARLOTTE, NC | SCHOLARSHIP | $5,000 |
| NEEDHAM BROUGHTON HIGH RALEIGH, NC | EDUCATIONAL | $4,724 |
| WATKINS COMMUNITY VOL FIRE DEPT HENDERSON, NC | COMMUNITY | $3,965 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FRANCES MCIVER | CHAIRMAN | 1 | — |
| WINSTON KERLEY | VICE CHAIRMA | 1 | — |
| JAN HOPKINS | SECRETARY | 1 | — |
| FRANK PEARCE | TREASURER | 1 | — |
| CEDRIC JONES | DIRECTOR | 1 | — |
| LISA FULLER | DIRECTOR | 1 | — |
| MICHELLE MCGHEE | DIRECTOR | 1 | — |
| MOLLY BOSTIC | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
Wake Electric Care operates scholarship and grant programs on an annual basis:
Wake Electric offering $22,000 in college scholarships for 2026**College Scholarships**: The foundation awards $22,000 annually in college scholarships to high school seniors planning to continue their education at colleges, universities, community colleges, or technical schools. Scholarships include the Fred M. Alford Memorial Scholarship ($2,000) and Wake Electric Scholarship ($1,250).
Wake Electric offering $22,000 in college scholarships for 2026**Bright Ideas Grants**: The foundation supports educational innovation through grants to schools, with winners announced annually.
2024-2025 Bright Ideas Grant Winners Announced - Wake EMC**Community Grants**: Quarterly grant opportunities are made available to qualifying organizations.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Wake Electric Care Inc fund?
Wake Electric Care funds initiatives in the following areas: • **Education**: Support for educational programs and institutions • **Community Development**: Community grants and assistance programs • **Scholarships**: College scholarships for high school seniors and current students • **Energy Assistance**: Programs providing energy-related support to residents • **Human Services**: Grants supporting various human service organizations
How do I apply for a grant from Wake Electric Care Inc?
**Grant Activity:** • Made 53 grants in 2024 • Total giving: $181,899 (2024) • Typical award range: $500–$22,720 **Grant Categories:** • **Community Grants**: Approximately $53,000 distributed to North Carolina community organizations • **Bright Ideas Scholarships**: Approximately $51,500 awarded to 22 North Carolina elementary, middle, and high schools • **Individual Scholarships**: Approximately $23,000 distributed as 18 individual scholarships for students attending accredited universities *…
Where does Wake Electric Care Inc make grants?
Wake Electric Care primarily funds organizations and programs in North Carolina, with some activity in South Carolina. The foundation has a particular focus on supporting institutions and communities served by Wake Electric.
What size grants does Wake Electric Care Inc award?
In 2024, Wake Electric Care Inc awarded 62 grants totaling $182K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Wake Electric Care Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wake Electric Care Inc reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wake Electric Care Inc's EIN?
Wake Electric Care Inc's EIN (Employer Identification Number) is 56-1938901. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wake Electric Care Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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