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Filing year 2024

MECKLENBURG ELECTRIC COOPERATIVE

Chase City, Virginia·EIN 54-0299805·501(c)(12)
Total revenue
$197.9M
Total assets
$333.6M
Total expenses
$140.5M
Reported officers
18
Mission

TO PROVIDE SERVICES AND CREATE OPPORTUNITIES TO ENHANCE THE QUALITY OF LIFE

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2024

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

Former CEO
Above 90th percentile
$783k
$830k
Base
$601k
Bonus
Other
$165k
Benefits
$10k
President an
Above 90th percentile
$548k
$581k
Base
$469k
Bonus
Other
Benefits
$28k
Legal Counse
Highest Compensated Employee
75th to 90th percentile
$352k
$373k
Base
$274k
Bonus
Other
Benefits
$27k
VP Engineeri
Board Vice President
Above 90th percentile
$334k
$355k
Base
$239k
Bonus
Other
Benefits
$28k
VP Informati
Board Vice President
75th to 90th percentile
$274k
$291k
Base
$215k
Bonus
Other
Benefits
$28k
VP Member an
Board Vice President
75th to 90th percentile
$247k
$262k
Base
$214k
Bonus
Other
$4k
Benefits
$26k
Assistant Tr
Officer (Unspecified)
$231k
$245k
Base
$218k
Bonus
Other
Benefits
$15k
Director of
Highest Compensated Employee
Median to 75th percentile
$203k
$215k
Base
$190k
Bonus
Other
Benefits
$18k
Assistant Se
Officer (Unspecified)
$145k
$154k
Vice-chairma
Officer (Unspecified)
$26k
$27k
Director
Board Member
Median to 75th percentile
$22k
$23k
Chairman
Board Chair
25th percentile to median
$20k
$21k
Director
Board Member
Median to 75th percentile
$20k
$21k
Director
Board Member
Median to 75th percentile
$19k
$20k
Treasurer-se
Officer (Unspecified)
$18k
$20k
Director
Board Member
Median to 75th percentile
$18k
$20k
Director
Board Member
Median to 75th percentile
$18k
$20k
Director
Board Member
Median to 75th percentile
$17k
$18k

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.

Held steady
from 2023

From $780k in 2023 to $783k in 2024.

$780k
2023
$783k
2024
In today's dollarsEst.
Down 2% in real terms$851k to $830k

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 held roughly steady from 2023 to 2024, while revenue rose 73%.

$780k in 2023 to $783k in 2024.
  • Highest Compensated Employee pay rose 13% from 2023 to 2024.
  • Board Vice President pay rose 10% 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

MECKLENBURG ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$114.3M
$106.2M
2023
$197.9M
$140.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MECKLENBURG ELECTRIC COOPERATIVE

What does the Chief Executive Officer of MECKLENBURG ELECTRIC COOPERATIVE earn?

In 2024, the Chief Executive Officer of MECKLENBURG ELECTRIC COOPERATIVE received $782,824 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 MECKLENBURG 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 MECKLENBURG ELECTRIC COOPERATIVE falls in the top 10%.

What are MECKLENBURG ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, MECKLENBURG ELECTRIC COOPERATIVE reported $197.9M in total revenue and $140.5M in total expenses on its IRS Form 990.

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