WAKE ELECTRIC PROVIDES RELIABLE, SAFE, AND AFFORDABLE ENERGY AND RELATED SERVICES. WAKE ELECTRIC OPERATES AS A COOPERATIVE BUSINESS AND CONTINUALLY IMPROVES ITS SERVICES TO MEET THE NEEDS OF OUR MEMBERS AND ENHANCE THEIR QUALITY OF LIFE. WAKE ELECTRIC OPERATES A SUSTAINABLE ELECTRIC SYSTEM. SUSTAINABLE MEANS DELIVERING AFFORDABLE, INCREASINGLY CLEAN ELECTRICITY OVER A GRID THAT IS MORE EFFICIENT, RESILIENT AND CAPABLE OF SUPPORTING NEW ENERGY RESOURCES.
Executive compensation, broken down
Form 990 · Schedule J · 15 reported individuals · Filing year 2024
- Base
- $669k
- Bonus
- $130k
- Other
- $262k
- Benefits
- $26k
- Base
- $329k
- Bonus
- $83k
- Other
- $15k
- Benefits
- $34k
- Base
- $320k
- Bonus
- $57k
- Other
- $54k
- Benefits
- $7k
- Base
- $176k
- Bonus
- $32k
- Other
- $9k
- Benefits
- $31k
- Base
- $166k
- Bonus
- $37k
- Other
- $11k
- Benefits
- $31k
- Base
- $33k
- Bonus
- —
- Other
- $155k
- Benefits
- $6k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO & Gen. M | $669k | $130k | $262k | $26k | $1.1M $1.2M |
Manager of O highest compensated employee | $329k | $83k | $15k | $34k | $494k $524k |
General Coun highest compensated employee | $320k | $57k | $54k | $7k | $469k $497k |
Mgr of Engin highest compensated employee | $176k | $32k | $9k | $31k | $267k $283k |
VP of Market vice president | $166k | $37k | $11k | $31k | $263k $279k |
Substation S highest compensated employee | $33k | — | $155k | $6k | $202k $214k |
President | — | — | — | — | $41k $43k |
Vice Preside vice president | — | — | — | — | $35k $37k |
Director board member | — | — | — | — | $34k $36k |
Secretary officer (unspecified) | — | — | — | — | $33k $35k |
Director board member | — | — | — | — | $31k $33k |
Treasurer officer (unspecified) | — | — | — | — | $31k $33k |
Director board member | — | — | — | — | $31k $32k |
Director board member | — | — | — | — | $29k $30k |
Director board member | — | — | — | — | $27k $29k |
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.
Up 13%
from 2023
From $1M in 2023 to $1.1M 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.
Revenue and expenses over time
WAKE ELECTRIC MEMBERSHIP CORPORATION reported revenue and expenses across 2 filing years.
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