Wake Electric Membership Corp
Revenue
$129.4m
year to 31 December 2025
Expenses
$129.4m
year to 31 December 2025
Total assets
$365.4m
$240.9m liabilities
Net assets
$124.5m
assets less liabilities
Directors and trustees
9
7.3 years on average
Staff
59
employees, year to 31 December 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
11
named in Part VII
Wake Electric Membership Corp's network
9 people3 organisationsi9 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (9). Violet dotted lines (3) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
9 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 9 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Allen Nelson | Vice Preside | 2018 | 8 yrs |
| Greg Fuller | Company secretary | 2018 | 8 yrs |
| H Michael Dickerson | President | 2018 | 8 yrs |
| Jackie Thompson | Director | 2023 | 3 yrs |
| Robert Hill | Treasurer | 2018 | 8 yrs |
| Robert Joe Eddins | Director | 2018 | 8 yrs |
| Suzy Morgan | Director | 2018 | 8 yrs |
| W Joseph Hilburn JR | Director | 2018 | 8 yrs |
| William Daniel Keel | Director | 2023 | 3 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
11 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Andy L Massey | Sr Field SRV | 2018 |
| Cecil Alexander | Substation S | 2024 |
| Charles Keller | MGR of Cust | since 2018 |
| Charles Pernell | MGR of Opera | since 2020 |
| Christopher D Wright | MGR of Engin | since 2019 |
| Cynthia M Currin | General Coun | since 2018 |
| Don Bowman | VP of Engin | since 2018 |
| James E Mangum JR | CEO & Gen. M | since 2018 |
| Kirk Metcalf | VP of Market | since 2022 |
| Philip Price | COO & Asst G | since 2018 |
| Steve Ballard | MGR of Cyber | since 2020 |
Pay and hours
year to 31 December 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| James E Mangum Jr | CEO & Gen. M | 50 | $1m | $80k | |
| Don Bowman | Manager of O | 50 | $457k | $73k | |
| Cynthia M Currin | General Coun | 50 | $271k | $12k | |
| Christopher D Wright | MGR of Engin | 50 | $264k | $55k | |
| Kirk Metcalf | VP of Market | 50 | $250k | $54k | |
| Steven Ballard | MGR-Cyber Se | 50 | $200k | $33k | |
| H Michael Dickerson | President | 13.52 | $45k | ||
| Allen Nelson | Vice Preside | 10.6 | $42k | ||
| Suzy Morgan | Director | 13.27 | $35k | ||
| Greg Fuller | Secretary | 7.13 | $35k | ||
| Jackie Thompson | Director | 6.94 | $32k | ||
| Robert Hill | Treasurer | 8.62 | $30k | ||
| W Joseph Hilburn Jr | Director | 7.08 | $29k | ||
| William Daniel Keel | Director | 6.58 | $29k | ||
| Robert Joe Eddins | Director | 6 | $29k |
About
- Legal name
- Wake Electric Membership Corp
- EIN
- 560440935
- Address
- Po Box 1229, Wake Forest, NC, 27588-1229
- State
- North Carolina
- Mission
- 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... (as filed on the Form 990)
- IRS classification
- 501(c)12 (tax-exempt under section 501(c)(3) where shown)
- Size band
- 9 (IRS master file code)
- Formed
- 1940
- Principal officer
- James E Mangum Jr (as named on the Form 990)
- IRS ruling date
- 1 March 1961
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2024
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥8years on the filingsAllen Nelson
≥8years on the filingsGreg Fuller
≥8years on the filingsH Michael Dickerson
≥8years on the filingsRobert Hill
Latest return
year to 31 December 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2025. US dollars, as filed.- Total assets
- $365.4m
- Total liabilities
- $240.9m
- Net assets or fund balances
- $124.5m
- Contributions and grants received
- $0
- Program service revenue
- $129.2m
- Employees
- 59
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $116.7m | $116.7m | $0 |
As filed on the IRS Form 990. US dollars.