SALE OF ELECTRIC POWER TO NC DISTRIBUTION MEMBER COOPERATIVES.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.
- Base
- $1.6M
- Bonus
- —
- Other
- —
- Benefits
- $36k
- Base
- $561k
- Bonus
- —
- Other
- —
- Benefits
- $35k
- Base
- $528k
- Bonus
- —
- Other
- —
- Benefits
- $35k
- Base
- $391k
- Bonus
- —
- Other
- —
- Benefits
- $33k
- Base
- $361k
- Bonus
- —
- Other
- —
- Benefits
- $20k
- Base
- $356k
- Bonus
- —
- Other
- —
- Benefits
- $33k
- Base
- $311k
- Bonus
- —
- Other
- —
- Benefits
- $32k
- Base
- $305k
- Bonus
- —
- Other
- —
- Benefits
- $32k
- Base
- $264k
- Bonus
- —
- Other
- —
- Benefits
- $5k
- Base
- $234k
- Bonus
- —
- Other
- —
- Benefits
- $18k
- Base
- $201k
- Bonus
- —
- Other
- —
- Benefits
- $31k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
Executive VP & CEO Above 90th percentile | $1.6M | — | — | $36k | $1.7M $1.8M |
Senior Vp, Finance & CFO Above 90th percentile | $561k | — | — | $35k | $700k $742k |
Senior VP & COO Above 90th percentilevs all sectors nationwide | $528k | — | — | $35k | $639k $678k |
Senior VP & Coo, Ncaec Above 90th percentilevs all sectors nationwide | $391k | — | — | $33k | $529k $561k |
Senior Vp, General Counsel Senior Vice President 75th to 90th percentilevs all sectors nationwide | $361k | — | — | $20k | $480k $509k |
Chief Information Officer Above 90th percentilevs all sectors nationwide | $356k | — | — | $33k | $465k $494k |
Vice President, Finance Board Vice President Above 90th percentile | $311k | — | — | $32k | $438k $464k |
Senior Vice President, Grid Infrastructure & Compl Senior Vice President 75th to 90th percentilevs all sectors nationwide | $305k | — | — | $32k | $431k $458k |
Vice President, IT Operations Board Vice President Above 90th percentile | $264k | — | — | $5k | $322k $341k |
Assistant Secretary/treasurer 75th to 90th percentile | $234k | — | — | $18k | $303k $322k |
Assistant Secretary/treasurer 75th to 90th percentile | $201k | — | — | $31k | $277k $294k |
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 50 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION equaled 0.1% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.
Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Down 31%
from 2023
From $2.5M in 2023 to $1.7M in 2024.
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.
Chief Executive Officer pay fell 31% from 2023 to 2024, while revenue rose 7%.
- Chief Financial Officer pay fell 25% from 2023 to 2024.
- Chief Operating Officer pay rose 8% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.
What Mutual & Membership Benefit executives earn
Comparable mutual & membership benefit organizations nationwide pay their highest-earning executive a median of $26,876.
These are mutual & membership benefit sector-wide figures, not this organization's reported pay. Based on 1,359 organizations across 1,359 filings (2021 – 2024).
See full Mutual & Membership Benefit compensation data →Common questions about NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION
What does the Chief Executive Officer of NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION earn?
In 2024, the Chief Executive Officer of NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION received $1,728,296 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Mutual & Membership Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION compare with similar nonprofits?
Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION falls in the top 10%. In 2024, the highest total compensation at NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION equaled 0.1% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.
What are NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION's revenue and expenses?
In 2024, NORTH CAROLINA ELECTRIC MEMBERSHIP CORPORATION reported $1.3B in total revenue and $1.2B in total expenses on its IRS Form 990.
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