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Wake Electric Membership Corp

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
$106M (2023)

Expenses
$106M (2023)

Total Assets
$315M (2023)

Total Liabilities
$200M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings 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.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$105,727,856
Expenses
$105,727,856
Net Income
$0
Net Assets
$115,650,493
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $104,509,498
98.8%
Investment Income $1,244,486
1.2%
Bond Proceeds $0
Royalties $0
Rental Property Income -$15,692
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$10,436
Notable Expenses Percent of Total Expenses
Executive Compensation $1,254,388
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $5,322,947
5.0%
Assets/Debt
Total Assets $315,412,174
Total Liabilities $199,761,681
Net Assets $115,650,493
Club or Co-Op Income
Income From Members $100,911,652
Income From Other Sources $1,972,415
Compensation
Key Employees and Officers Compensation Related Other
James E Mangum Jr (Ceo & Gen. M) $932,813 $0 $71,846
Don Bowman (Manager Of O) $397,804 $0 $63,720
Cynthia M Currin (General Coun) $392,739 $0 $34,801
Christopher D Wright (Mgr Of Engin) $199,802 $0 $47,861
Kirk Metcalf (Vp Of Market) $193,893 $0 $47,204
Steve Ballard (Mgr Of Cyber) $174,513 $0 $28,838
H Michael Dickerson (Vice Preside) $37,100 $0 $0
Suzy Morgan (President) $35,701 $0 $0
Allen Nelson (Director) $34,271 $0 $0
Robert Hill (Treasurer) $28,992 $0 $0
Greg Fuller (Secretary) $28,192 $0 $0
William Daniel Keel (Director) $27,792 $0 $0
W Joseph Hilburn Jr (Director) $26,241 $0 $0
Robert Joe Eddins (Director) $25,392 $0 $0
Jackie Thompson (Director) $6,048 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$104,928,493
Expenses
$104,928,493
Net Income
$0
Net Assets
$115,485,590
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $104,931,913
> 100%
Investment Income $42,005
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $19,992
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$65,417
Notable Expenses Percent of Total Expenses
Executive Compensation $1,065,113
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $5,248,499
5.0%
Assets/Debt
Total Assets $298,402,185
Total Liabilities $182,916,595
Net Assets $115,485,590
Club or Co-Op Income
Income From Members $101,073,075
Income From Other Sources $701,755
Compensation
Key Employees and Officers Compensation Related Other
James E Mangum Jr (Ceo & Gen. M) $732,064 $0 $79,138
Cynthia M Currin (General Coun) $365,990 $0 $37,919
Don Bowman (Vp Of Engin) $364,489 $0 $62,460
Christopher D Wright (Mgr Of Engin) $194,272 $0 $48,434
Kirk Metcalf (Vp Of Market) $162,182 $0 $65,950
Steve Ballard (Mgr Of Cyber) $160,023 $0 $30,049
H Michael Dickerson (Vice Preside) $35,577 $0 $0
Suzy Morgan (President) $34,363 $0 $0
Allen Nelson (Director) $31,963 $0 $0
Robert Joe Eddins (Secretary) $28,284 $0 $0
Greg Fuller (Director) $28,284 $0 $0
W Joseph Hilburn Jr (Director) $27,127 $0 $0
Robert Hill (Treasurer) $26,284 $0 $0
Reuben Matthews (Director) $25,084 $0 $0
Rodney Privette (Director) $16,945 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$101,861,632
Expenses
$101,861,632
Net Income
$0
Net Assets
$112,282,820
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $101,743,065
99.9%
Investment Income $42,077
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $91,466
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$14,976
Notable Expenses Percent of Total Expenses
Executive Compensation $1,161,487
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $4,547,223
4.5%
Assets/Debt
Total Assets $280,486,920
Total Liabilities $168,204,100
Net Assets $112,282,820
Club or Co-Op Income
Income From Members $98,476,135
Income From Other Sources $796,697
Compensation
Key Employees and Officers Compensation Related Other
James E Mangum Jr (Ceo & Gen. M) $840,434 $0 $72,723
Cynthia M Currin (General Coun) $315,788 $0 $32,149
Don Bowman (Vp Of Engin) $302,620 $0 $57,859
Christopher D Wright (Mgr Of Engin) $176,935 $0 $46,380
Steve Ballard (Mgr Of Cyber) $155,937 $0 $28,311
Charles Pernell (Mgr Of Opera) $150,248 $0 $63,732
H Michael Dickerson (Vice Preside) $32,120 $0 $0
Suzy Morgan (President) $32,000 $0 $0
Allen Nelson (Director) $29,200 $0 $0
Rodney Privette (Director) $28,000 $0 $0
Greg Fuller (Director) $27,200 $0 $0
W Joseph Hilburn Jr (Director) $26,210 $0 $0
Robert Hill (Treasurer) $25,600 $0 $0
Robert Joe Eddins (Secretary) $24,000 $0 $0
Reuben Matthews (Director) $24,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$97,434,140
Expenses
$97,434,140
Net Income
$0
Net Assets
$105,886,170
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $97,266,692
99.8%
Investment Income $170,748
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $34,567
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$37,867
Notable Expenses Percent of Total Expenses
Executive Compensation $1,292,089
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $4,312,912
4.4%
Assets/Debt
Total Assets $260,399,357
Total Liabilities $154,513,187
Net Assets $105,886,170
Club or Co-Op Income
Income From Members $93,949,989
Income From Other Sources $1,417,199
Compensation
Key Employees and Officers Compensation Related Other
James E Mangum Jr (Ceo & Gen. M) $991,244 $0 $69,145
Cynthia M Currin (General Coun) $295,343 $0 $29,633
Don Bowman (Vp Of Engin) $276,451 $0 $55,981
Christopher D Wright (Mgr Of Engin) $169,479 $0 $41,066
Steve Ballard (Mgr Of Cyber) $147,486 $0 $27,436
Charles Pernell (Mgr Of Opera) $140,636 $0 $61,033
H Michael Dickerson (Vice Preside) $27,980 $0 $0
Suzy Morgan (President) $27,120 $0 $0
Greg Fuller (Director) $26,200 $0 $0
W Joseph Hilburn Jr (Director) $25,800 $0 $0
Allen Nelson (Director) $25,800 $0 $0
Reuben Matthews (Director) $25,400 $0 $0
Rodney Privette (Director) $25,400 $0 $0
Robert Joe Eddins (Secretary) $25,000 $0 $0
Robert Hill (Treasurer) $23,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,355,216
Expenses
$100,355,216
Net Income
$0
Net Assets
$101,197,235
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $100,183,023
99.8%
Investment Income $155,823
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $38,168
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$21,798
Notable Expenses Percent of Total Expenses
Executive Compensation $997,073
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $4,583,660
4.6%
Assets/Debt
Total Assets $246,078,938
Total Liabilities $144,881,703
Net Assets $101,197,235
Club or Co-Op Income
Income From Members $96,990,759
Income From Other Sources $1,126,101
Compensation
Key Employees and Officers Compensation Related Other
James E Mangum Jr (Ceo & Gen. M) $683,035 $0 $68,444
Cynthia M Currin (General Coun) $275,593 $0 $28,425
Don Bowman (Mgr Of Opera) $265,075 $0 $54,099
Philip Price (Coo & Asst G) $182,119 $0 $4,911
Christopher D Wright (Mgr Of Engin) $159,411 $0 $38,558
Charles Keller (Mgr Of Cust) $150,651 $0 $8,090
H Michael Dickerson (Vice Preside) $30,446 $0 $0
Greg Fuller (Director) $29,333 $0 $0
Suzy Morgan (President) $28,551 $0 $0
Rodney Privette (Director) $27,962 $0 $0
W Joseph Hilburn Jr (Director) $27,630 $0 $0
Allen Nelson (Director) $27,424 $0 $0
Robert Hill (Treasurer) $26,121 $0 $0
Reuben Matthews (Director) $25,927 $0 $0
Robert Joe Eddins (Secretary) $22,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$100,876,481
Expenses
$100,876,481
Net Income
$0
Net Assets
$93,624,147
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $100,726,366
99.9%
Investment Income $22,195
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $128,193
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$273
Notable Expenses Percent of Total Expenses
Executive Compensation $1,155,878
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $4,629,356
4.6%
Assets/Debt
Total Assets $236,429,522
Total Liabilities $142,805,375
Net Assets $93,624,147
Club or Co-Op Income
Income From Members $97,401,456
Income From Other Sources $1,386,530
Compensation
Key Employees and Officers Compensation Related Other
James E Mangum Jr (Ceo & Gen. M) $841,054 $0 $65,568
Philip Price (Coo & Asst G) $285,896 $0 $38,844
Don Bowman (Mgr Of Opera) $264,255 $0 $49,433
Cynthia M Currin (General Coun) $253,296 $0 $26,226
Charles Keller (Mgr Of Cust) $193,469 $0 $48,057
Andy L Massey (Sr Field Srv) $156,904 $0 $26,291
Suzy Morgan (Vice Preside) $33,768 $0 $0
Greg Fuller (Director) $30,352 $0 $0
Reuben Matthews (President) $28,400 $0 $0
Allen Nelson (Director) $27,912 $0 $0
Rodney Privette (Director) $27,424 $0 $0
W Joseph Hilburn Jr (Director) $26,936 $0 $0
H Michael Dickerson (Treasurer) $26,448 $0 $0
Robert Hill (Director) $25,960 $0 $0
Robert Joe Eddins (Secretary) $22,056 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$90,838,721
Expenses
$90,838,721
Net Income
$0
Net Assets
$82,858,477
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $91,078,669
> 100%
Investment Income $21,533
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $150,288
0.2%
Net Fundraising $0
Sales of Assets $803
0.0%
Net Inventory Sales $0
Other Revenue -$412,572
Notable Expenses Percent of Total Expenses
Executive Compensation $831,864
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,989,931
4.4%
Assets/Debt
Total Assets $227,672,889
Total Liabilities $144,814,412
Net Assets $82,858,477
Club or Co-Op Income
Income From Members $88,327,904
Income From Other Sources $1,006,861
Compensation
Key Employees and Officers Compensation Related Other
James E Mangum Jr (Ceo & Gen. M) $540,414 $0 $63,820
Philip Price (Coo & Asst G) $267,473 $0 $37,542
Cynthia M Currin (General Coun) $256,309 $0 $2,666
Don Bowman (Mgr Of Opera) $232,897 $0 $47,147
Charles Keller (Mgr Of Cust) $181,327 $0 $46,717
Jordan W Overbee (Mgr Of Opera) $138,211 $0 $37,523
Suzy Morgan (Vice Preside) $32,940 $0 $0
Allen Nelson (Director) $29,608 $0 $0
W Joseph Hilburn Jr (Director) $28,180 $0 $0
Robert Hill (Director) $28,180 $0 $0
H Michael Dickerson (Treasurer) $25,800 $0 $0
Reuben Matthews (President) $24,848 $0 $0
Rodney Privette (Director) $24,848 $0 $0
Robert Joe Eddins (Secretary) $22,468 $0 $0
Greg Fuller (Director) $10,758 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$88,836,136
Expenses
$88,836,136
Net Income
$0
Net Assets
$75,381,034
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $88,868,372
> 100%
Investment Income $25,535
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$116,997
Net Fundraising $0
Sales of Assets $75,648
0.1%
Net Inventory Sales $0
Other Revenue -$16,422
Notable Expenses Percent of Total Expenses
Executive Compensation $776,046
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $3,579,056
4.0%
Assets/Debt
Total Assets $218,732,777
Total Liabilities $143,351,743
Net Assets $75,381,034
Club or Co-Op Income
Income From Members $86,156,005
Income From Other Sources $996,350
Compensation
Key Employees and Officers Compensation Related Other
James E Mangum Jr (Ceo & Gen. M) $508,298 $0 $61,423
Philip Price (Coo & Asst G) $265,940 $0 $36,017
Don Bowman (Mgr Of Opera) $225,664 $0 $45,139
Charles Keller (Mgr Of Cust) $175,938 $0 $44,527
Jordan W Overbee (Mgr Of Opera) $123,686 $0 $52,795
Cecil Alexander (Maintenance) $116,266 $0 $51,971
Suzy Morgan (Vice Preside) $28,876 $0 $0
Allen Nelson (Director) $26,092 $0 $0
W Joseph Hilburn Jr (Director) $25,164 $0 $0
H Michael Dickerson (Treasurer) $23,772 $0 $0
Rodney Privette (Director) $22,130 $0 $0
Robert Joe Eddins (Secretary) $21,916 $0 $0
Robert Hill (Director) $21,666 $0 $0
Reuben Matthews (President) $20,399 $0 $0
J Howard Conyers (Director) $12,812 $0 $0
Newman I Bailey (Director) $3,498 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$88,209,039
Expenses
$88,209,039
Net Income
$0
Net Assets
$70,269,594
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $88,224,375
> 100%
Investment Income $22,366
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$18,194
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$19,508
Notable Expenses Percent of Total Expenses
Executive Compensation $736,248
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $210,773,460
Total Liabilities $140,503,866
Net Assets $70,269,594
Club or Co-Op Income
Income From Members $85,676,275
Income From Other Sources $732,731

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$84,132,517
Expenses
$84,132,517
Net Income
$0
Net Assets
$64,534,647
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $83,963,187
99.8%
Investment Income $114,148
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $92,405
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$37,223
Notable Expenses Percent of Total Expenses
Executive Compensation $729,099
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $203,235,772
Total Liabilities $138,701,125
Net Assets $64,534,647
Club or Co-Op Income
Income From Members $82,010,202
Income From Other Sources $648,799

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$82,762,636
Expenses
$82,762,636
Net Income
$0
Net Assets
$60,496,106
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $82,199,254
99.3%
Investment Income $528,635
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $94,405
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$59,658
Notable Expenses Percent of Total Expenses
Executive Compensation $697,402
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $196,149,269
Total Liabilities $135,653,163
Net Assets $60,496,106
Club or Co-Op Income
Income From Members $80,209,277
Income From Other Sources $1,013,097

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,002,744
Expenses
$75,002,744
Net Income
$0
Net Assets
$56,570,993
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $74,422,295
99.2%
Investment Income $524,826
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $131,679
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$76,056
Notable Expenses Percent of Total Expenses
Executive Compensation $660,204
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $187,226,294
Total Liabilities $130,655,301
Net Assets $56,570,993
Club or Co-Op Income
Income From Members $72,730,896
Income From Other Sources $1,046,042

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$77,971,092
Expenses
$77,971,092
Net Income
$0
Net Assets
$53,938,979
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $76,448,308
98.0%
Investment Income $536,774
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $83,826
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $902,184
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $658,465
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $177,701,528
Total Liabilities $123,762,549
Net Assets $53,938,979
Club or Co-Op Income
Income From Members $74,853,412
Income From Other Sources $893,569

Document Links

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

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

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

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

Fiscal Year Ending Dec.
2006

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

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

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

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.

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