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Filing year 2024

CARTERET-CRAVEN ELECTRIC COOPERATIVE

Newport, North Carolina·EIN 56-0168825·501(c)(12)
Total revenue
$75.2M
Total assets
$140.8M
Total expenses
$71.1M
Reported officers
16
Mission

Electric Distribution to Membership

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Above 90th percentile
$503k
$534k
Base
$330k
Bonus
Other
Benefits
VP of Engineering
Board Vice President
75th to 90th percentile
$227k
$241k
Base
$181k
Bonus
Other
Benefits
VP of Customer Services
Board Vice President
Median to 75th percentile
$162k
$172k
Director of Engineering
Highest Compensated Employee
25th percentile to median
$143k
$152k
VP of Finance & Accounting
Board Vice President
Median to 75th percentile
$141k
$149k
Line/service Technician
Highest Compensated Employee
25th percentile to median
$138k
$147k
Line Crew Leader
Highest Compensated Employee
25th percentile to median
$135k
$143k
Director
Board Member
Median to 75th percentile
$19k
$20k
President
Board President
Median to 75th percentile
$18k
$19k
Treasurer
Board Treasurer
75th to 90th percentile
$17k
$18k
Assistant Treasurer
Board Treasurer
75th to 90th percentile
$16k
$17k
Director
Board Member
25th percentile to median
$16k
$17k
Vice President
Board Vice President
25th percentile to median
$16k
$17k
Secretary
Board Secretary
Median to 75th percentile
$14k
$15k
Assistant Secretary
Board Secretary
Median to 75th percentile
$14k
$15k
Director
Board Member
25th percentile to median
$13k
$14k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 4%
from 2023

From $524k in 2023 to $503k in 2024.

$524k
2023
$503k
2024
In today's dollarsEst.
Down 7% in real terms$572k to $534k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 4% from 2023 to 2024, while revenue rose 4%.

$524k in 2023 to $503k in 2024.
  • Board Vice President pay rose 3% from 2023 to 2024.
  • Highest Compensated Employee pay rose 24% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CARTERET-CRAVEN ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$72.4M
$68.4M
2023
$75.2M
$71.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CARTERET-CRAVEN ELECTRIC COOPERATIVE

What does the Chief Executive Officer of CARTERET-CRAVEN ELECTRIC COOPERATIVE earn?

In 2024, the Chief Executive Officer of CARTERET-CRAVEN ELECTRIC COOPERATIVE received $503,260 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at CARTERET-CRAVEN ELECTRIC COOPERATIVE compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at CARTERET-CRAVEN ELECTRIC COOPERATIVE falls in the top 10%.

What are CARTERET-CRAVEN ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, CARTERET-CRAVEN ELECTRIC COOPERATIVE reported $75.2M in total revenue and $71.1M in total expenses on its IRS Form 990.

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