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Filing year 2024

NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC

Raleigh, North Carolina·EIN 56-1189186·501(c)(6)
Total revenue
$13.9M
Total assets
$4.8M
Total expenses
$13.2M
Reported officers
58
Mission

PROVIDE PROGRAMS AND SERVICES IN SUPPORT OF RURAL ELECTRICIFATION

Executive compensation

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024

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

EVP and CEO
Median to 75th percentile
$140k
$149k
SVP and CFO
Median to 75th percentile
$139k
$148k
SVP and COO
25th percentile to median
$137k
$146k
SVP General
Senior Vice President
10th to 25th percentile
$119k
$126k
Assist. Sec.
Officer (Unspecified)
$76k
$81k
Assist. Sec.
Officer (Unspecified)
$69k
$73k

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.

Plus 52 unpaid individuals.

Up 4%
from 2023

From $135k in 2023 to $140k in 2024.

$135k
2023
$140k
2024
In today's dollarsEst.
Up 1% in real terms$147k to $149k

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 rose 4% from 2023 to 2024, while revenue rose 3%.

$135k in 2023 to $140k in 2024.
  • Chief Financial Officer pay rose 4% from 2023 to 2024.
  • Chief Operating Officer pay rose 5% 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

NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$13.4M
$12.8M
2023
$13.9M
$13.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC

What does the Chief Executive Officer of NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC earn?

In 2024, the Chief Executive Officer of NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC received $140,417 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC falls between the median and the 75th percentile.

What are NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC's revenue and expenses?

In 2024, NORTH CAROLINA ASSOCIATION OF ELECTRIC COOPERATIVES INC reported $13.9M in total revenue and $13.2M in total expenses on its IRS Form 990.

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