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Mecklenburg Electric Cooperative

  • Chase City, VA
  • Tax-exempt since Feb. 1940
  • EIN: 54-0299805

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$114M (2023)

Expenses
$106M (2023)

Total Assets
$322M (2023)

Total Liabilities
$226M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$114,290,002
Expenses
$106,224,449
Net Income
$8,065,553
Net Assets
$96,118,149
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $109,582,945
95.9%
Investment Income $2,298,811
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $458,196
0.4%
Net Fundraising $0
Sales of Assets $154,824
0.1%
Net Inventory Sales $0
Other Revenue $1,795,226
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,573,033
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $8,571,311
8.1%
Assets/Debt
Total Assets $322,325,863
Total Liabilities $226,207,714
Net Assets $96,118,149
Club or Co-Op Income
Income From Members $103,873,031
Income From Other Sources $10,028,453
Compensation
Key Employees and Officers Compensation Related Other
John C Lee Jr (President An) $591,339 $0 $188,348
Cary J Logan (Coo) $243,818 $0 $32,471
James P Guy Ii (Legal Counse) $239,385 $0 $73,237
Benjamin J Seamans (Vp Engineeri) $215,727 $0 $87,384
David H Lipscomb (Vp Member An) $213,497 $0 $25,091
Dwayne Long (Vp Informati) $213,061 $0 $52,066
Carol B Jones (Vp Finance A) $204,921 $0 $18,135
Robert H Lankford (Director Of) $182,596 $0 $17,885
Carolyn T Glass (Assistant Se) $86,740 $0 $48,285
Franklin B Myers (Vice Chairma) $25,300 $4,950 $0
David J Jones (Chairman) $17,250 $4,850 $0
Brandon G Hudson (Director) $16,500 $4,850 $0
David C Hall (Director) $16,150 $5,900 $0
Michael H Mcdowell (Director) $15,275 $4,850 $0
Angela Wilson (Director) $13,538 $5,238 $4,488
Fletcher B Jones (Director) $13,163 $5,988 $4,388
Donald L Moore (Treasurer Se) $12,350 $5,288 $4,038
Peggy Lee (Director) $12,223 $5,638 $4,313
+ View more people

Document Links

990
Filed on Nov. 6, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,631,363
Expenses
$92,927,030
Net Income
$7,704,333
Net Assets
$90,284,102
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,145,341
3.1%
Program Services $95,362,807
94.8%
Investment Income $149,366
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $398,546
0.4%
Net Fundraising $0
Sales of Assets -$23,786
Net Inventory Sales $0
Other Revenue $1,599,089
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,731,610
1.9%
Professional Fundraising Fees $0
Other Salaries and Wages $8,480,637
9.1%
Assets/Debt
Total Assets $248,790,534
Total Liabilities $158,506,432
Net Assets $90,284,102
Club or Co-Op Income
Income From Members $88,276,067
Income From Other Sources $8,507,193
Compensation
Key Employees and Officers Compensation Related Other
John C Lee Jr (President An) $889,919 $0 $391,577
James P Guy Ii (Legal Counse) $231,688 $0 $80,964
David H Lipscomb (Vp Member An) $176,730 $0 $20,884
Benjamin J Seamans (Vp Engineeri) $172,508 $0 $110,024
Dwayne Long (Vp Informati) $171,894 $0 $59,951
Carol B Jones (Vp Finance A) $162,002 $0 $18,902
Robert H Lankford (Director Of) $147,748 $0 $14,922
Carolyn T Glass (Assistant Se) $79,362 $0 $57,199
Franklin B Myers (Vice Chairma) $19,032 $5,250 $0
David J Jones (Chairman) $17,132 $4,200 $0
Brandon G Hudson (Director) $15,832 $4,200 $0
David C Hall (Director) $15,482 $4,200 $0
Michael H Mcdowell (Director) $14,432 $4,200 $0
Fletcher B Jones (Director) $13,457 $4,025 $0
Angela B Wilson (Director) $13,007 $3,500 $0
Peggy Lee (Director) $12,482 $3,763 $0
Donald L Moore (Treasurer Se) $11,795 $3,238 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,294,200
Expenses
$66,533,483
Net Income
$3,760,717
Net Assets
$86,021,002
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $69,140,769
98.4%
Investment Income $128,084
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $860,389
1.2%
Net Fundraising $0
Sales of Assets $158,792
0.2%
Net Inventory Sales $6,166
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,745,933
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,183,433
4.8%
Assets/Debt
Total Assets $225,505,928
Total Liabilities $139,484,926
Net Assets $86,021,002
Club or Co-Op Income
Income From Members $67,554,333
Income From Other Sources $4,432,422
Compensation
Key Employees and Officers Compensation Related Other
John C Lee Jr (President And Ceo) $943,905 $0 $352,663
James P Guy Ii (Legal Counsel) $215,600 $0 $71,254
David H Lipscomb (Vp Member And Energy Services) $168,309 $0 $21,277
Dwayne Long (Vp Information Technology) $164,321 $0 $56,973
Benjamin J Seamans (Vp Engineering & Operations) $162,579 $0 $106,176
Carol B Jones (Vp Finance And Accounting) $151,726 $0 $22,614
Robert H Lankford (Director Of Operations) $138,402 $0 $15,261
Carolyn T Glass (Assistant Secretary) $76,990 $0 $55,945
Franklin B Myers (Vice Chairman) $17,657 $0 $0
David J Jones (Chairman) $16,582 $0 $0
Brandon G Hudson (Director) $15,832 $0 $0
Michael H Mc Dowell (Director) $14,782 $0 $0
David C Hall (Director) $14,432 $0 $0
Peggy Lee (Director) $13,982 $0 $1,850
Angela B Wilson (Director) $13,382 $0 $2,450
Fletcher B Jones (Director) $11,795 $0 $3,863
Donald L Moore (Treasurer Secretary) $11,620 $0 $3,863
+ View more people

Document Links

990
Filed on Sept. 22, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$67,819,521
Expenses
$65,983,492
Net Income
$1,836,029
Net Assets
$80,182,504
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $66,962,297
98.7%
Investment Income $283,081
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $567,923
0.8%
Net Fundraising $0
Sales of Assets $80
0.0%
Net Inventory Sales $6,140
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,063,323
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $3,278,613
5.0%
Assets/Debt
Total Assets $207,702,763
Total Liabilities $127,520,259
Net Assets $80,182,504
Club or Co-Op Income
Income From Members $66,150,336
Income From Other Sources $6,879,380
Compensation
Key Employees and Officers Compensation Related Other
John C Lee Jr (President And Ceo) $431,499 $0 $229,646
David H Lipscomb (Vp Member And Energy Services) $173,530 $0 $20,365
James P Guy Ii (Legal Counsel) $164,799 $0 $18,506
Benjamin J Seamans (Vp Engineering & Operations) $161,615 $0 $81,634
Dwayne Long (Vp Information Technology) $160,509 $0 $49,624
Carol B Jones (Vp Finance And Accounting) $150,995 $0 $22,502
Robert H Lankford (Director Of Operations) $134,652 $0 $15,181
Carolyn T Glass (Assistant Secretary) $73,664 $0 $45,990
David J Jones (Chairman) $10,582 $0 $0
Brandon G Hudson (Director) $10,157 $0 $0
Franklin B Myers (Vice Chairman) $9,732 $0 $0
D Stanley Duffer (Secretary Treasurer) $9,732 $0 $0
David C Hall (Director) $9,732 $0 $0
Larry W Layman (Director) $9,732 $0 $0
Peggy Lee (Director) $9,732 $0 $0
Angela B Wilson (Director) $9,732 $0 $0
Michael H Mc Dowell (Director) $9,032 $0 $0
Fletcher B Jones (Director) $8,357 $0 $2,775
Donald L Moore (Assistant Secretary) $7,307 $0 $2,425
+ View more people

Document Links

990
Filed on Sept. 17, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$73,375,173
Expenses
$72,927,875
Net Income
$447,298
Net Assets
$71,523,272
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $72,442,178
98.7%
Investment Income $460,203
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $474,353
0.6%
Net Fundraising $0
Sales of Assets -$7,563
Net Inventory Sales $6,002
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $944,838
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $3,953,325
5.4%
Assets/Debt
Total Assets $197,063,404
Total Liabilities $125,540,132
Net Assets $71,523,272
Club or Co-Op Income
Income From Members $72,297,680
Income From Other Sources $312,717

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$76,731,478
Expenses
$75,007,950
Net Income
$1,723,528
Net Assets
$70,533,593
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $75,989,468
99.0%
Investment Income $355,021
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $376,730
0.5%
Net Fundraising $0
Sales of Assets $3,776
0.0%
Net Inventory Sales $6,483
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $978,435
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,030,955
5.4%
Assets/Debt
Total Assets $184,698,281
Total Liabilities $114,164,688
Net Assets $70,533,593
Club or Co-Op Income
Income From Members $74,956,172
Income From Other Sources $1,272,583

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,817,491
Expenses
$65,291,355
Net Income
$526,136
Net Assets
$68,805,029
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $65,195,916
99.1%
Investment Income $237,956
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $354,730
0.5%
Net Fundraising $0
Sales of Assets $23,952
0.0%
Net Inventory Sales $4,937
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $936,975
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,548,451
5.4%
Assets/Debt
Total Assets $177,707,879
Total Liabilities $108,902,850
Net Assets $68,805,029
Club or Co-Op Income
Income From Members $64,751,809
Income From Other Sources $715,447

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,179,978
Expenses
$68,742,569
Net Income
$1,437,409
Net Assets
$66,223,046
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $69,614,876
99.2%
Investment Income $219,601
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $324,941
0.5%
Net Fundraising $0
Sales of Assets $13,316
0.0%
Net Inventory Sales $7,304
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $848,324
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $4,087,404
5.9%
Assets/Debt
Total Assets $176,656,492
Total Liabilities $110,433,446
Net Assets $66,223,046
Club or Co-Op Income
Income From Members $69,392,610
Income From Other Sources $465,413

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,538,463
Expenses
$74,629,969
Net Income
$908,494
Net Assets
$64,747,778
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $74,818,370
99.0%
Investment Income $270,852
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $362,245
0.5%
Net Fundraising $0
Sales of Assets $78,210
0.1%
Net Inventory Sales $8,786
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $885,023
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,665,783
4.9%
Assets/Debt
Total Assets $174,073,869
Total Liabilities $109,326,091
Net Assets $64,747,778
Club or Co-Op Income
Income From Members $74,741,444
Income From Other Sources $439,810

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,456,125
Expenses
$70,114,250
Net Income
$341,875
Net Assets
$64,804,140
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $69,889,534
99.2%
Investment Income $242,329
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $368,601
0.5%
Net Fundraising $0
Sales of Assets -$49,518
Net Inventory Sales $5,179
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $840,179
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,290,794
4.7%
Assets/Debt
Total Assets $169,834,530
Total Liabilities $105,030,390
Net Assets $64,804,140
Club or Co-Op Income
Income From Members $69,763,389
Income From Other Sources $376,656

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,909,978
Expenses
$68,449,824
Net Income
-$1,539,846
Net Assets
$61,682,273
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $65,921,934
98.5%
Investment Income $679,257
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $271,474
0.4%
Net Fundraising $0
Sales of Assets $32,113
0.0%
Net Inventory Sales $5,200
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $792,371
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $3,402,954
5.0%
Assets/Debt
Total Assets $166,850,057
Total Liabilities $105,167,784
Net Assets $61,682,273
Club or Co-Op Income
Income From Members $65,864,718
Income From Other Sources $777,583

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$67,097,301
Expenses
$66,100,300
Net Income
$997,001
Net Assets
$55,524,292
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $66,296,840
98.8%
Investment Income $302,688
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $495,191
0.7%
Net Fundraising $0
Sales of Assets -$1,498
Net Inventory Sales $4,080
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $970,658
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $4,596,604
7.0%
Assets/Debt
Total Assets $158,754,639
Total Liabilities $103,230,347
Net Assets $55,524,292
Club or Co-Op Income
Income From Members $66,170,830
Income From Other Sources $583,994

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$68,462,779
Expenses
$68,267,746
Net Income
$195,033
Net Assets
$54,889,123
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $67,914,246
99.2%
Investment Income $332,129
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $210,852
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $5,565
0.0%
Other Revenue -$13
Notable Expenses Percent of Total Expenses
Executive Compensation $1,132,842
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $4,996,782
7.3%
Assets/Debt
Total Assets $156,267,763
Total Liabilities $101,378,640
Net Assets $54,889,123
Club or Co-Op Income
Income From Members $67,784,137
Income From Other Sources $1,113,510

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated