Wake Electric Care Inc
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.
Key facts about Wake Electric Care Inc
- EIN
- 56-1938901
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $181,899
- Grants made (2024)
- 62
- Average grant
- $2,934
- Median grant
- $2,500
- New grantees (estimate)
- 48% first-time grantees (30 of 62, 2024)
- Total assets
- $163,093
- Primary geography
- North Carolina (99% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Wake Electric Care Inc funds
By grant dollars, the top recipient states for Wake Electric Care Inc's 62 itemized 2024 grants were North Carolina (99%). The most frequent recipient cities were Raleigh, NC (16 grants), Rocky Mount, NC (4 grants), Knightdale, NC (3 grants) and Oxford, NC (3 grants). None of its 62 grants with a stated purpose were described as general or operating support. Recurring purposes include "Educational" (35 grants), "Community" (21 grants) and "Scholarship" (5 grants).
Is Wake Electric Care Inc open to new grantees?
48%
first-time grantees, 2024
In 2024, 30 of 62 grantees (48%) were first-time recipients. First grants averaged $2K; repeat grants $3K. How we count
Medians: $3K first-time, $2K repeat.
- 39% of 2024 grantees were also funded in 2023. Method
- Giving grew 29% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Wake Electric Care Inc
- How to evaluate Wake Electric Care Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Wake Electric Care Inc with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
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
Ready to take the next step with Wake Electric Care Inc?
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
Share of all 62 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
270 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients 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
No officer or director reported compensation in the available filings.
From 2024 IRS 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
Similar Funders
Funders that support many of the same organizations
Duke Energy Foundation
Charlotte, NC
Assets
$1.9M
Grants
41
Total Given
$25.6M
North Carolina Community Foundation
Raleigh, NC
Assets
$569.1M
Grants
732
Total Given
$30.6M
Triangle Community Foundation Inc
Durham, NC
Assets
$311.2M
Grants
558
Total Given
$23.4M
The Cannon Foundation Inc
Concord, NC
Assets
$351.7M
Grants
218
Total Given
$14.6M
Tulsa Community Foundation
Tulsa, OK
Assets
$1.1B
Grants
1,066
Total Given
$158.6M
United Way of the Greater Triangle Inc
Durham, NC
Assets
$3.0M
Grants
51
Total Given
$3.7M
State Employees Credit Union Foundation
Raleigh, NC
Assets
$68.8M
Grants
1,788
Total Given
$17.3M
Foundation for the Carolinas
Charlotte, NC
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
Dogwood Health Trust
Asheville, NC
Assets
$2.0B
Grants
835
Total Given
$148.2M
The Winston-Salem Foundation
Winstonsalem, NC
Assets
$630.1M
Grants
823
Total Given
$88.8M
Enterprise Holdings Foundation
Saint Louis, MO
Assets
—
Grants
9,499
Total Given
$73.1M
The Pfizer Foundation Inc
New York, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
More Funders in North Carolina
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.