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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Central Electric Membership Corporation

Central Electric Membership Corporation

Fiscal year ending 2021. Filed on August 11, 2022.

PO Box 1107
Suite 250
Sanford, North Carolina 27331

Central Electric Membership Corporation (EIN: 56-0478157) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2021 IRS Form 990 filing, Central Electric Membership Corporation, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 10 out of 73 total employees. Among the employees shown here, the average compensation is $181,616. The highest compensated employee at Central Electric Membership Corporation is Edward B Oldham with fiscal year 2021 compensation of $287,401.

Revenue, expenses, and employee compensation

Revenue

$58,271,426

Expenses

$58,537,497

Employee compensation

$8,540,987
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Edward B Oldham
CEO and GEN M
$287,401
$219,761 No related comp$67,640
Tabitha L Whitlow
Vice President FIN and ACT
$200,181
$148,149 No related comp$52,032
Angela D Hare
Vice President of Custom
$195,383
$139,867 No related comp$55,516
Jody B Albright
Vice President, Membership
$186,069
$133,442 No related comp$52,627
Kent Gunter
Superintendent
$168,932
$124,109 No related comp$44,823
Robert Thompson
Systems ENGI
$165,795
$130,621 No related comp$35,174
Martin Jessup
Overhead for
$160,504
$119,076 No related comp$41,428
George D Langston
Vice President Admin SVC
$153,237
$132,197 No related comp$21,040
Terry Collins
Manager of Operations
$151,872
$107,099 No related comp$44,773
Wesley T Davis
System Engineer
$146,788
$127,168 No related comp$19,620

Benchmark Employee Compensation

Non-Employee Board Members

Rebecca G Paschal-Cogan
President
$26,400
$26,400 No related compNo other comp
J Thomas Dalrymple
Vice President
$20,700
$20,700 No related compNo other comp
Nancy G Holmes
Director
$19,800
$19,800 No related compNo other comp
Edith C Cox
Director
$19,500
$19,500 No related compNo other comp
Timothy W Priest
Director
$19,200
$19,200 No related compNo other comp
C Henry Outz Jr
Director
$18,750
$18,750 No related compNo other comp
Henry Randolph
Director
$18,300
$18,300 No related compNo other comp
L Frank Comer III
Director
$18,000
$18,000 No related compNo other comp
James B Brooks
Secretary and Treasurer
$17,100
$17,100 No related compNo other comp
W Phillip Thompson Jr
Assistant Secretary
$17,100
$17,100 No related compNo other comp

Contractors

Lee Electrical Construction Inc.
Oh and Ug Construction
$3,548,373
Lewis Tree Service Inc.
Row Maintenance
$726,176
Xylem Tree Experts
Row Maintenance
$689,843
Cooperative Services Center
Human Resources
$257,943
Sanford Contractors Inc.
Construction
$252,264

Mission Statement

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC

Revisions to this organization profile

August 27, 2025:
2024 Central Electric Membership Corporation 990 filed
October 11, 2024:
2023 Central Electric Membership Corporation 990 filed
September 5, 2023:
2022 Central Electric Membership Corporation 990 filed

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