North Carolina Electric Membership Corporation
Revenue
$1.4bn
year to 31 December 2025
Expenses
$1.37bn
year to 31 December 2025
Total assets
$2.43bn
$1.98bn liabilities
Net assets
$450.2m
assets less liabilities
Directors and trustees
50
6.3 years on average
Staff
200
employees, year to 31 December 2025
Left since last filing
4
8% of the board
Officers and senior staff
20
named in Part VII
North Carolina Electric Membership Corporation's network
40 people28 organisationsi40 people and 28 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (40). Violet dotted lines (61) 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
50 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 50 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 W Speller | Director | 2018 | 8 yrs |
| Basil Williams | Director | 2022 | 4 yrs |
| Benjamin R Lybrand | Director | 2018 | 8 yrs |
| Brian Sisson | Director | 2024 | 2 yrs |
| Carl W Kornegay JR | Director | 2018 | 8 yrs |
| Christopher Spears | Director | 2018 | 8 yrs |
| David Gore | Director | 2022 | 4 yrs |
| Deloria Irby | Director | 2018 | 8 yrs |
| Dennis Mabe | Director | 2024 | 2 yrs |
| Dent Turner | Director | 2023 | 3 yrs |
| Donald H Spivey | Director | 2018 | 8 yrs |
| Donald Lee Gatton | Director | 2021 | 5 yrs |
| Eddie Oldham | Vice President | 2019 | 7 yrs |
| Elbert Ray Pitt JR | Director | 2018 | 8 yrs |
| Greg Andress | Director | 2018 | 8 yrs |
| J Douglas Brinson | Director | 2018 | 8 yrs |
| J Michael Davis | Director | 2018 | 8 yrs |
| J Randy Kinley | Director | 2023 | 3 yrs |
| Jacob Joplin | Director | 2018 | 8 yrs |
| James E Mangum JR | Director | 2018 | 8 yrs |
| Jeff Brittain | Director | 2025 | 1 yr |
| Jeffrey N Letchworth | Director | 2018 | 8 yrs |
| Jerry Bowman | Director | 2018 | 8 yrs |
| John L Pierce | Director | 2018 | 8 yrs |
| John W Spence | Director | 2018 | 8 yrs |
| Johnny Wishon | Director | 2021 | 5 yrs |
| Jon T Locklear | Director | 2022 | 4 yrs |
| Jordan Overbee | Director | 2024 | 2 yrs |
| Josh Winslow | Vice President | 2019 | 7 yrs |
| Karoline Overby | Director | 2022 | 4 yrs |
| Katie Woodle | Director | 2025 | 1 yr |
| Kelly Harrington | Director | 2018 | 8 yrs |
| Kevin Heath | Director | 2023 | 3 yrs |
| Lucas Sorrell | Director | 2023 | 3 yrs |
| Mark A Suggs | Director | 2018 | 8 yrs |
| Mark Mullen | Director | 2025 | 1 yr |
| Marshall Cherry | Director | 2021 | 5 yrs |
| Mike Dickerson | Director | 2019 | 7 yrs |
| Paul Spruill | Director | 2018 | 8 yrs |
| Rebecca P Cogan | Director | 2018 | 8 yrs |
| Richard A Midgett | Director | 2018 | 8 yrs |
| Ricky Maready | Director | 2025 | 1 yr |
| Rory Eddings | Director | 2022 | 4 yrs |
| S Franklin Williams | Director | 2018 | 8 yrs |
| Susan E Flythe | President | 2018 | 8 yrs |
| Thomas Golden | Director | 2022 | 4 yrs |
| Tom Batchelor | Director | 2018 | 8 yrs |
| Tucker Lemley | Director | 2023 | 3 yrs |
| W Greg Puckett | Director | 2019 | 7 yrs |
| Winston Howell | Director | 2018 | 8 yrs |
Officers and senior leadership
20 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 |
|---|---|---|
| Ajaz Sadiq | Innovation & Business Development Liason | 2021 |
| Amadou Fall | Senior VP & COO | since 2021 |
| Charles E Bayless | Senior VP, General Counsel | since 2019 |
| Christopher W Vanlokeren | Chief Information Officer | since 2019 |
| Diane C Huis | Senior VP, Innovation & Business Development | 2020 |
| Douglas R Browne | VP, Finance | since 2019 |
| James Wilkins | VP, Energy Portfolio | since 2022 |
| Jason L Caudle | Senior Vice President & COO, Tema | 2025 |
| Joseph P Brannan | Executive VP & CEO | since 2018 |
| Lark S James | Senior VP, Finance & CFO | since 2018 |
| Lee S Ragsdale | Senior VP, Grid Infrastructure & Compliance | since 2018 |
| Lonnie E Moore | Senior VP & COO, Tema | since 2018 |
| Melcher Kenneth | Vice President, It Operations | since 2023 |
| Michael D Youth | Assistant Secretary/Treasurer | since 2019 |
| Michael W Burnette | Senior VP & COO | since 2018 |
| Nelle P Hotchkiss | Senior VP & COO, Ncaec | since 2018 |
| Richard M Feathers | Senior VP, General Counsel | since 2018 |
| Robert H Goodson | Chief of Staff, Ncemc | 2018 |
| Stephen B Burroughs | VP of Finance | 2018 |
| Timothy Dodge | Assistant Secretary/Treasurer | since 2021 |
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 |
|---|---|---|---|---|---|
| Joseph P Brannan | Executive VP & CEO | 34 | $3.4m | $142k | |
| Lark S James | Senior VP, Finance & CFO | 34 | $772k | $58k | |
| Amadou Fall | Senior VP & COO | 40 | $681k | $113k | |
| Charles Bayless | Senior VP, General Counsel | 34 | $403k | $126k | |
| Christopher Vanlokeren | Chief Information Officer | 34 | $375k | $111k | |
| Douglas R Browne | Chief Financial Officer | 34 | $366k | $132k | |
| Lee S Ragsdale | Senior Vice President, Grid Infrastructure & Compl | 40 | $315k | $129k | |
| Nelle Hotchkiss | Senior VP & COO, Ncaec | 10 | $307k | $44k | |
| James Wilkins | VP, Energy Portfolio | 40 | $292k | $78k | |
| Jason L Caudle | Senior Vice President & COO, Tema | 6 | $292k | $75k | |
| Michael Youth | Assistant Secretary/Treasurer | 34 | $266k | $74k | |
| Timothy Dodge | Assistant Secretary/Treasurer | 34 | $212k | $78k | |
| Susan E Flythe | President | 4 | $0 | ||
| Josh Winslow | Vice President | 4 | $0 | ||
| Eddie Oldham | Vice President | 4 | $0 | ||
| Kevin Heath | Director | 2 | $0 | ||
| John W Spence | Director | 2 | $0 | ||
| Katie Woodle | Director | 2 | $0 | ||
| Johnny Wishon | Director | 2 | $0 | ||
| David Gore | Director | 2 | $0 | ||
| Richard A Midgett | Director | 2 | $0 | ||
| Jacob Joplin | Director | 2 | $0 | ||
| Deloria Irby | Director | 2 | $0 | ||
| Rebecca P Cogan | Director | 2 | $0 | ||
| Winston Howell | Director | 2 | $0 | ||
| Elbert Ray Pitt Jr | Director | 2 | $0 | ||
| Thomas Golden | Director | 2 | $0 | ||
| Brian Sisson | Director | 2 | $0 | ||
| Donald Lee Gatton | Director | 2 | $0 | ||
| S Franklin Williams | Director | 2 | $0 | ||
| Tucker Lemley | Director | 2 | $0 | ||
| Basil Williams | Director | 2 | $0 | ||
| Tom Batchelor | Director | 2 | $0 | ||
| Lucas Sorrell | Director | 2 | $0 | ||
| Ricky Maready | Director | 2 | $0 | ||
| John L Pierce | Director | 2 | $0 | ||
| Jon T Locklear | Director | 2 | $0 | ||
| Rory Eddings | Director | 2 | $0 | ||
| Donald H Spivey | Director | 2 | $0 | ||
| Benjamin R Lybrand | Director | 2 | $0 |
About
- Legal name
- North Carolina Electric Membership Corporation
- EIN
- 560995910
- Address
- 3400 Sumner Blvd, Raleigh, NC, 27616-2950
- State
- North Carolina
- Mission
- Sale of electric power to nc distribution member cooperatives. (as filed on the Form 990)
- Activity (NTEE)
- Y22 Mutual and membership benefit
- IRS classification
- 501(c)12 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Mutual & Membership Benefit
- Size band
- 9 (IRS master file code)
- Formed
- 1949
- Principal officer
- Joseph P Brannan (as named on the Form 990)
- IRS ruling date
- 1 August 2000
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 8, latest 2025
Most connected
Related organisations (Schedule R)
RelatedMEMBER SERVICESNorth Carolina Association of Electric Cooperatives IncRelatedDISTRIBUTES RELIEF FUNDSHuman Connections Foundation Inc
Longest observed on the filings
≥8years on the filingsAllen W Speller
≥8years on the filingsBenjamin R Lybrand
≥8years on the filingsCarl W Kornegay JR
≥8years on the filingsChristopher Spears
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
- $2.43bn
- Total liabilities
- $1.98bn
- Net assets or fund balances
- $450.2m
- Contributions and grants received
- $0
- Program service revenue
- $1.38bn
- Grants and similar paid out
- $585k
- Employees
- 200
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 | $1.25bn | $1.22bn | $30m |
As filed on the IRS Form 990. US dollars.
Grants paid
25+ listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Nc Agricultural Foundation | Agricultural assistance | $68k |
| North Carolina Chamber | Economic development assistance | $50k |
| Economic Development Partnership | Economic development assistance | $50k |
| Energyunited | Educational assistance | $36k |
| Nreca International Ltd | Educational assistance | $25k |
| Nc Department of Agriculture and Consumer Service | Agricultural assistance | $24k |
| Blue Ridge Emc | Educational assistance | $18k |
| Brunswick Emc | Educational assistance | $17k |
| Rutherford Emc | Educational assistance | $16k |
| Nc Legislative Black Caucus Foundation | Civic donation | $15k |
| Leadership of North Carolina | Contribution | $15k |
| Leukemia & Lymphoma Society | Contribution | $15k |
| Nc Business Leaders for Education | Educational contribution | $15k |
| The Southeastern Partnership Inc | Economic development assistance | $15k |
| Union Power Cooperative | Educational assistance | $15k |
| Jones Onslow Emc | Educational assistance | $13k |
| Citizens for Nc Jobs Inc | Educational assistance | $13k |
| Nc Jaycee Burn Center | Contribution | $13k |
| Wake Emc | Educational assistance | $12k |
| Lumbee River Emc | Educational assistance | $12k |
| South River Emc | Educational assistance | $11k |
| Piedmont Emc | Educational assistance | $10k |
| Carteret Craven Ec | Educational assistance | $10k |
| Nc Agribusiness Council Inc | Agricultural assistance | $10k |
| Public School Forum of Nc | Educational assistance | $10k |