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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 2022. Filed on September 5, 2023.

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 2022 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 76 total employees. Among the employees shown here, the average compensation is $200,152. The highest compensated employee at Central Electric Membership Corporation is Edward B Oldham with fiscal year 2022 compensation of $332,246.

Revenue, expenses, and employee compensation

Revenue

$57,299,071

Expenses

$58,319,002

Employee compensation

$7,312,905
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Edward B Oldham
CEO and GEN M
$332,246
$260,254 No related comp$71,992
Kent Gunter
Superintendent
$238,029
$190,235 No related comp$47,794
Jody B Albright
Vice President, Membership
$212,654
$155,240 No related comp$57,414
Tabitha L Whitlow
Vice President FIN and ACT
$209,520
$154,176 No related comp$55,344
Angela D Hare
Vice President of Custom
$203,693
$143,388 No related comp$60,305
Terry Collins
Manager of Operations
$179,149
$128,368 No related comp$50,781
Martin Jessup
Overhead for
$166,232
$125,233 No related comp$40,999
Robert Thompson
Systems ENGI
$165,911
$128,248 No related comp$37,663
Jonathan Roberts
Overhead for
$152,155
$112,706 No related comp$39,449
George D Langston
Former Officer
$141,928
$141,789 No related comp$139

Benchmark Employee Compensation

Non-Employee Board Members

Rebecca G Paschal-Cogan
President
$27,268
$27,268 No related compNo other comp
J Thomas Dalrymple
Vice President
$22,800
$22,800 No related compNo other comp
Henry Randolph
Director
$19,950
$19,950 No related compNo other comp
Timothy W Priest
Director
$19,050
$19,050 No related compNo other comp
L Frank Comer III
Director
$18,900
$18,900 No related compNo other comp
James B Brooks
Secretary and Treasurer
$18,900
$18,900 No related compNo other comp
C Henry Outz Jr
Director
$18,600
$18,600 No related compNo other comp
Nancy G Holmes
Director
$18,600
$18,600 No related compNo other comp
W Phillip Thompson Jr
Assistant Secretary
$18,000
$18,000 No related compNo other comp
Charles E Cameron Jr
Director
$12,720
$12,720 No related compNo other comp
Edith C Cox
Director
$2,700
$2,700 No related compNo other comp

Contractors

Lee Electrical Construction Inc.
Oh and Ug Construction
$3,377,210
Xylem Tree Experts
Row Maintenance
$873,029
Lewis Tree Service
Row Maintenance
$482,626
Cooperative Services Center
Human Resources
$269,093
Union Power
Utility
$180,484

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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