Mission
SALE OF ELECTRIC POWER TO NC DISTRIBUTION MEMBER COOPERATIVES.
Public Charity
NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION
NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION is a Public Charity headquartered in RALEIGH, NC. Financial data from the 2025 filing: $1.4B revenue, $1.4B expenses, $2.4B total assets. IRS filings disclose 414 grants awarded by this foundation, totaling roughly $6.0M.
EIN: 560995910
RALEIGH, NC
Local Benevolent Life Insurance Associations
NTEE: Y22
Latest filing: 2025
Total Revenue$1.4B
Total Expenses$1.4B
Total Assets$2.4B
Grants Given414
Grant Total$6.0M
Filing Years2021–2025
Sample Grants Given
AGRICULTURAL ASSISTANCE
$68,000
ECONOMIC DEVELOPMENT ASSISTANCE
$50,000
ECONOMIC DEVELOPMENT ASSISTANCE
$49,500
EDUCATIONAL ASSISTANCE
$36,104
EDUCATIONAL ASSISTANCE
$25,000
Showing up to 5 of 414 total records — full history available with membership.
Officers & Directors
DIRECTOR
Allen W Speller
SENIOR VP & COO
Amadou Fall
DIRECTOR
Basil Williams
DIRECTOR
Benjamin R Lybrand
DIRECTOR
Brian Sisson
DIRECTOR
Carl W Kornegay Jr
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $1.4B | $1.4B | $2.4B |
| 2024 | $1.3B | $1.2B | $2.4B |
| 2023 | $1.2B | $1.1B | $2.2B |
| 2022 | $1.2B | $1.2B | $2.3B |
| 2021 | $1.2B | $1.1B | $2.4B |
Between 2021 and 2025, reported annual revenue grew from $1.2B to $1.4B (+20%), with total assets most recently reported at $2.4B.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in CO, DC, MD, NC, VA.
CODCMDNCVA
Full geographic grant map with state-by-state breakdown available with membership.