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WAKE ELECTRIC MEMBERSHIP CORPORATION

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Public IRS 990 nonprofit record

WAKE ELECTRIC MEMBERSHIP CORPORATION

EIN 56-0440935 · Mutual & Membership Benefit (Y)

What they do

WAKE ELECTRIC PROVIDES RELIABLE, SAFE, and AFFORDABLE ENERGY and RELATED SERVICES. WAKE ELECTRIC OPERATES AS A COOPERATIVE BUSINESS and CONTINUALLY IMPROVES ITS SERVICES to MEET THE NEEDS of OUR MEMBERS and ENHANCE THEIR QUALITY of LIFE. WAKE ELECTRIC OPERATES A SUSTAINABLE ELECTRIC SYSTEM. SUSTAINABLE MEANS DELIVERING AFFORDABLE, INCREASINGLY CLEAN ELECTRICITY OVER A GRID THAT is MORE EFFICIENT, RESILIENT and CAPABLE of SUPPORTING NEW ENERGY RESOURCES.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$100.00spent for every $100 of revenueRevenue covered expenses this year.
$2.87in assets for every $1 spent this yearSome assets cannot be spent right away.
0.0%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,135,575 for JAMES E MANGUM JR (CEO & GEN. M). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$116,700,642
Expenses$116,700,642
See all reported dollar amounts
Revenue$116,700,642
Expenses$116,700,642
Assets$335,397,488
Income$117,092,430
Contributions$12,257
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JAMES E MANGUM JRCEO & GEN. M · 50 hrs/week $1,135,575Base $1,060,122 · Other $75,453
DON BOWMANMANAGER OF O · 50 hrs/week $493,930Base $426,183 · Other $67,747
CYNTHIA M CURRINGENERAL COUN · 50 hrs/week $468,707Base $431,089 · Other $37,618
CHRISTOPHER D WRIGHTMGR OF ENGIN · 50 hrs/week $266,993Base $217,220 · Other $49,773
KIRK METCALFVP OF MARKET · 50 hrs/week $263,017Base $214,376 · Other $48,641
CECIL ALEXANDERSUBSTATION S · 50 hrs/week $201,975Base $187,900 · Other $14,075
H MICHAEL DICKERSONPRESIDENT · 10 hrs/week $40,712
ALLEN NELSONVICE PRESIDE · 8 hrs/week $35,313
SUZY MORGANDIRECTOR · 13 hrs/week $33,813
GREG FULLERSECRETARY · 8 hrs/week $32,604
JACKIE THOMPSONDIRECTOR · 7 hrs/week $31,404
ROBERT HILLTREASURER · 11 hrs/week $31,004

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

JAMES E MANGUM JRCEO & GEN. M

DON BOWMANMANAGER OF O

CYNTHIA M CURRINGENERAL COUN

CHRISTOPHER D WRIGHTMGR OF ENGIN

KIRK METCALFVP OF MARKET

CECIL ALEXANDERSUBSTATION S

H MICHAEL DICKERSONPRESIDENT

ALLEN NELSONVICE PRESIDE

SUZY MORGANDIRECTOR

GREG FULLERSECRETARY

JACKIE THOMPSONDIRECTOR

ROBERT HILLTREASURER

WILLIAM DANIEL KEELDIRECTOR

ROBERT JOE EDDINSDIRECTOR

W JOSEPH HILBURN JRDIRECTOR

About this charity

Recognized since
January 1961
Location
PO BOX 1229, WAKE FOREST, NC 27588
County
Wake
In care of
JAMES E MANGUM JR
Primary officer
JAMES E MANGUM JR, CEO & GEN. MGR.

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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