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NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION

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Public IRS 990 nonprofit record

NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION

EIN 56-0995910 · Local Benevolent Life Insurance Associations (Y22)

What they do

SALE of ELECTRIC POWER to NC DISTRIBUTION MEMBER COOPERATIVES.

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 2025The charity has a recent tax report to read.

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

They name their leaders62 people are listed in the latest report.

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

Money made simple

$97.86spent for every $100 of revenueRevenue covered expenses this year.
$1.77in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  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 $3,522,039 for JOSEPH P BRANNAN (EXECUTIVE VP & CEO). 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 2025

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$1,402,413,754
Expenses$1,372,413,754
Annual surplus $30,000,000 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$1,402,413,754
Expenses$1,372,413,754
Assets$2,425,741,838
Income$1,450,714,072
Grants given$5,975,431
Average grant$14,433
Stocks and bonds$590,479,201
Accounting fees$925,727
People

Leadership and board

Tax year 2025

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

People reported as paid

Person and titleCompensation
JOSEPH P BRANNANEXECUTIVE VP & CEO · 34 hrs/week $3,522,039Base $3,380,025 · Other $142,014
LARK S JAMESSENIOR VP, FINANCE & CFO · 34 hrs/week $829,741Base $772,072 · Other $57,669
AMADOU FALLSENIOR VP & COO · 40 hrs/week $793,733Base $680,556 · Other $113,177
CHARLES BAYLESSSENIOR VP, GENERAL COUNSEL · 34 hrs/week $529,536Base $403,455 · Other $126,081
DOUGLAS R BROWNECHIEF FINANCIAL OFFICER · 34 hrs/week $498,295Base $366,401 · Other $131,894
CHRISTOPHER VANLOKERENCHIEF INFORMATION OFFICER · 34 hrs/week $486,195Base $374,960 · Other $111,235
LEE S RAGSDALESENIOR VICE PRESIDENT, GRID INFRASTRUCTURE & COMPL · 40 hrs/week $444,450Base $315,206 · Other $129,244
JAMES WILKINSVP, ENERGY PORTFOLIO · 40 hrs/week $370,048Base $292,467 · Other $77,581
JASON L CAUDLESENIOR VICE PRESIDENT & COO, TEMA · 6 hrs/week $367,890Base $292,462 · Other $75,428
NELLE HOTCHKISSSENIOR VP & COO, NCAEC · 10 hrs/week $350,493Base $306,616 · Other $43,877
MICHAEL YOUTHASSISTANT SECRETARY/TREASURER · 34 hrs/week $340,955Base $266,483 · Other $74,472
TIMOTHY DODGEASSISTANT SECRETARY/TREASURER · 34 hrs/week $290,111Base $211,681 · Other $78,430

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 (62)

JOSEPH P BRANNANEXECUTIVE VP & CEO

LARK S JAMESSENIOR VP, FINANCE & CFO

AMADOU FALLSENIOR VP & COO

CHARLES BAYLESSSENIOR VP, GENERAL COUNSEL

DOUGLAS R BROWNECHIEF FINANCIAL OFFICER

CHRISTOPHER VANLOKERENCHIEF INFORMATION OFFICER

LEE S RAGSDALESENIOR VICE PRESIDENT, GRID INFRASTRUCTURE & COMPL

JAMES WILKINSVP, ENERGY PORTFOLIO

JASON L CAUDLESENIOR VICE PRESIDENT & COO, TEMA

NELLE HOTCHKISSSENIOR VP & COO, NCAEC

MICHAEL YOUTHASSISTANT SECRETARY/TREASURER

TIMOTHY DODGEASSISTANT SECRETARY/TREASURER

KEVIN HEATHDIRECTOR

MARK MULLENDIRECTOR

LUCAS SORRELLDIRECTOR

ALLEN W SPELLERDIRECTOR

MIKE DICKERSONDIRECTOR

KELLY HARRINGTONDIRECTOR

KATIE WOODLEDIRECTOR

KAROLINE OVERBYDIRECTOR

JOSH WINSLOWVICE PRESIDENT

WINSTON HOWELLDIRECTOR

MARK A SUGGSDIRECTOR

MARSHALL CHERRYDIRECTOR

W GREG PUCKETTDIRECTOR

PAUL SPRUILLDIRECTOR

REBECCA P COGANDIRECTOR

RICHARD A MIDGETTDIRECTOR

RICKY MAREADYDIRECTOR

RORY EDDINGSDIRECTOR

S FRANKLIN WILLIAMSDIRECTOR

SUSAN E FLYTHEPRESIDENT

THOMAS GOLDENDIRECTOR

TOM BATCHELORDIRECTOR

TUCKER LEMLEYDIRECTOR

GREG ANDRESSDIRECTOR

BASIL WILLIAMSDIRECTOR

BENJAMIN R LYBRANDDIRECTOR

BRIAN SISSONDIRECTOR

CARL W KORNEGAY JRDIRECTOR

CHRISTOPHER SPEARSDIRECTOR

DAVID GOREDIRECTOR

DELORIA IRBYDIRECTOR

DENNIS MABEDIRECTOR

DENT TURNERDIRECTOR

DONALD H SPIVEYDIRECTOR

DONALD LEE GATTONDIRECTOR

EDDIE OLDHAMVICE PRESIDENT

ELBERT RAY PITT JRDIRECTOR

JORDAN OVERBEEDIRECTOR

J DOUGLAS BRINSONDIRECTOR

J MICHAEL DAVISDIRECTOR

J RANDY KINLEYDIRECTOR

JACOB JOPLINDIRECTOR

JAMES E MANGUM JRDIRECTOR

JEFF BRITTAINDIRECTOR

JEFFREY N LETCHWORTHDIRECTOR

JERRY BOWMANDIRECTOR

JOHN L PIERCEDIRECTOR

JOHN W SPENCEDIRECTOR

JOHNNY WISHONDIRECTOR

JON T LOCKLEARDIRECTOR

About this charity

Recognized since
January 2000
Location
3400 SUMNER BLVD, RALEIGH, NC 27616-2950
County
Wake
In care of
% ANGIE DUTTON
Primary officer
JOSEPH P BRANNAN, CHIEF FINANCIAL OFFICER

How to reach them

Filing and classification

Latest tax year
2025
Tax period began
January 1, 2025
Return type
990
Tax preparer
DELOITTE TAX LLP
NTEE classification
Local Benevolent Life Insurance Associations (Y22)
IRS tax category
Local Benevolent Life Insurance Associations
Grant-giving organization
Yes

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

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