NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC Charity Report

Public IRS 990 nonprofit record

NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC

EIN 56-1189186 · Printing & Publishing (A33)

What they do

PROVIDE PROGRAMS and SERVICES IN SUPPORT of RURAL ELECTRIFICATION

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

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 leaders60 people are listed in the latest report.

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

Money made simple

99.85%of revenue went to mission work100.0% of expenses · Program services

$99.85spent for every $100 of revenueRevenue covered expenses this year.

$0.43in assets for every $1 spent this yearSome assets cannot be spent right away.

1.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
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 $142,014 for JOSEPH P BRANNAN (EVP AND 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.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$13,800,138

Mission workProgram services$13,779,41299.85% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$20,7260.15% of revenueShown in gray on the chart

Total expenses$13,779,41299.85% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2025CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 99.85% of revenue

2024Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 95.49% of revenue

2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 95.35% of revenue

2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 97.57% of revenue

2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 96.13% of revenue

2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 103.79% of revenue

Money in and money out

Revenue$13,800,138

Expenses$13,779,412

Annual surplus $20,726 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$13,779,412 · 100.0% of expenses

See all reported dollar amounts

Revenue$13,800,138

Expenses$13,779,412

Assets$5,899,455

Income$13,800,138

Contributions$258,389

Mission work (program services)$13,779,412

Accounting fees$28,582

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 BRANNANEVP AND CEO · 6 hrs/week $142,014Base · Other $142,014

DOUGLAS R BROWNECFO · 6 hrs/week $131,893Base · Other $131,893

CHARLES E BAYLESSSVP GENERAL · 6 hrs/week $126,081Base · Other $126,081

KRISTEN L ALDRIDGECOO, NCAEC · 30 hrs/week $88,889Base · Other $88,889

TIMOTHY DODGEASSIST. SEC. · 6 hrs/week $78,430Base · Other $78,430

MICHAEL YOUTHASSIST. SEC. · 6 hrs/week $74,472Base · Other $74,472

LARK S JAMESSVP AND CFO · 6 hrs/week $57,669Base · Other $57,669

NELLE HOTCHKISSSVP AND COO · 30 hrs/week $43,877Base · Other $43,877

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 (60)

JOSEPH P BRANNANEVP AND CEO

DOUGLAS R BROWNECFO

CHARLES E BAYLESSSVP GENERAL

KRISTEN L ALDRIDGECOO, NCAEC

TIMOTHY DODGEASSIST. SEC.

MICHAEL YOUTHASSIST. SEC.

LARK S JAMESSVP AND CFO

NELLE HOTCHKISSSVP AND COO

KENNETH THORTON JRDIRECTOR

KEVIN HEATHDIRECTOR

KELLY HARRINGTONDIRECTOR

KATIE WOODLEDIRECTOR

MARK MULLENDIRECTOR

KAROLINE OVERBYDIRECTOR

MARK A SUGGSDIRECTOR

MARSHALL CHERRYDIRECTOR

JOSH WINSLOWDIRECTOR

RICHARD A MIDGETTDIRECTOR

PAUL SPRUILLDIRECTOR

JON T LOCKLEARDIRECTOR

RICHARD H JOHNSONDIRECTOR

RICKY MAREADYDIRECTOR

SUSAN E FLYTHEDIRECTOR

TAMMIE PHILLIPSPRESIDENT

THOMAS GOLDENDIRECTOR

TOM BATCHELORDIRECTOR

TOMMY DALRYMPLEDIRECTOR

TUCKER LEMLEYDIRECTOR

W GREG PUCKETTDIRECTOR

WILLIAM E ASKEWDIRECTOR

WINSTON HOWELLVICE PRESIDE

FRED TEDDERDIRECTOR

ALLEN NELSONDIRECTOR

ALLEN W SPELLERDIRECTOR

AMY LOCKDIRECTOR

BASIL WILLIAMSDIRECTOR

BRIAN SISSONDIRECTOR

CARL W KORNEGAY JRDIRECTOR

CHRISTOPHER SPEARSDIRECTOR

DENNIS MABEDIRECTOR

DENT TURNERDIRECTOR

DON GATTONDIRECTOR

DONALD H SPIVEYDIRECTOR

EDDIE OLDHAMDIRECTOR

ELBERT RAY PITT JRDIRECTOR

ERIC LOCKLEARSECRETARY-TR

JORDAN OVERBEEDIRECTOR

GREG ANDRESSDIRECTOR

J DOUGLAS BRINSONDIRECTOR

J MICHAEL DAVISDIRECTOR

J RANDY KINLEYDIRECTOR

JACOB JOPLINDIRECTOR

JAMES E MANGUM JRDIRECTOR

JEFFREY BRITTAINDIRECTOR

JEFFREY LOVENDIRECTOR

JEFFREY B JOINESDIRECTOR

JOHN CHANDLERDIRECTOR

JOHN L PIERCEDIRECTOR

JOHN W SPENCEDIRECTOR

ALAN ISRAELDIRECTOR

About this charity

Recognized since: January 1979
Location: 3400 SUMNER BLVD, RALEIGH, NC 27616-2950
County: Wake
In care of: DOUGLAS R BROWNE
Primary officer: DOUGLAS R BROWNE, CFO

How to reach them

WebsiteVisit the charity’s website Phone(919) 872-0800

Filing and classification

Latest tax year: 2025
Tax period began: January 1, 2025
Return type: 990
Tax preparer: MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
NTEE classification: Printing & Publishing (A33)
IRS tax category: Printing & Publishing