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WAKE ELECTRIC MEMBERSHIP

EIN: 56-0440935Wake Forest, NCZIP: 27588

501(c)(12)

Mission

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.

Financials

Year	Revenue	Expenses	Assets
2024	$116.7M	$0	$335.4M
2023	$105.7M	$0	$315.4M

Compensation

2024

JAMES E MANGUM JR

chief executive officer

$668,778

$129,557

$261,787

$1,135,575

DON BOWMAN

highest compensated employee

$328,862

$82,785

$14,536

$493,930

CYNTHIA M CURRIN

highest compensated employee

$319,956

$57,497

$53,636

$468,707

CHRISTOPHER D WRIGHT

highest compensated employee

$176,204

$31,684

$9,332

$266,993

KIRK METCALF

$165,729

$37,190

$11,457

$263,017

CECIL ALEXANDER

highest compensated employee

$32,684

$0

$155,216

$201,975

H MICHAEL DICKERSON

chief executive officer

$0

$0

$0

$40,712

ALLEN NELSON

officer (unspecified)

$0

$0

$0

$35,313

SUZY MORGAN

$0

$0

$0

$33,813

GREG FULLER

officer (unspecified)

$0

$0

$0

$32,604

JACKIE THOMPSON

$0

$0

$0

$31,404

ROBERT HILL

officer (unspecified)

$0

$0

$0

$31,004

WILLIAM DANIEL KEEL

$0

$0

$0

$30,604

ROBERT JOE EDDINS

$0

$0

$0

$28,604

W JOSEPH HILBURN JR

$0

$0

$0

$27,453

2023

JAMES E MANGUM JR

chief executive officer

$623,946

$106,947

$201,920

$1,004,659

DON BOWMAN

highest compensated employee

$307,268

$78,257

$12,279

$461,524

CYNTHIA M CURRIN

highest compensated employee

$298,139

$54,318

$40,282

$427,540

CHRISTOPHER D WRIGHT

highest compensated employee

$169,606

$29,678

$518

$247,663

KIRK METCALF

$150,347

$28,345

$15,201

$241,097

STEVE BALLARD

highest compensated employee

$143,971

$24,270

$6,272

$203,351

H MICHAEL DICKERSON

officer (unspecified)

$0

$0

$0

$37,100

SUZY MORGAN

chief executive officer

$0

$0

$0

$35,701

ALLEN NELSON

$0

$0

$0

$34,271

ROBERT HILL

officer (unspecified)

$0

$0

$0

$28,992

GREG FULLER

officer (unspecified)

$0

$0

$0

$28,192

WILLIAM DANIEL KEEL

$0

$0

$0

$27,792

W JOSEPH HILBURN JR

$0

$0

$0

$26,241

ROBERT JOE EDDINS

$0

$0

$0

$25,392

JACKIE THOMPSON

$0

$0

$0

$6,048

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Learn more

Data from IRS Form 990 filings (2023-2024).