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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 2024. Filed on August 27, 2025.

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 2024 IRS Form 990 filing, Central Electric Membership Corporation, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 70 total employees. Among the employees shown here, the average compensation is $207,736. The highest compensated employee at Central Electric Membership Corporation is Edward B Oldham with fiscal year 2024 compensation of $340,488.

Revenue, expenses, and employee compensation

Revenue

$62,196,930

Expenses

$62,937,508

Employee compensation

$8,179,056
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Edward B Oldham
CEO and GEN M
$340,488
$252,966 No related comp$87,522
Tabitha L Whitlow
Vice President FIN and ACT
$231,907
$168,600 No related comp$63,307
Angela D Hare
Vice President of Custom
$225,806
$158,439 No related comp$67,367
Jody B Albright
Vice President, Membership
$220,663
$155,819 No related comp$64,844
Terry Collins
Manager of Operations
$187,755
$130,957 No related comp$56,798
James Taylor
MGR Payroll/
$170,407
$117,153 No related comp$53,254
Martin Jessup
Overhead for
$165,671
$117,247 No related comp$48,424
Nathan Stephens
MGR of Engin
$164,210
$112,477 No related comp$51,733
Jill Adcock
Director of CUST
$162,716
$116,093 No related comp$46,623

Benchmark Employee Compensation

Non-Employee Board Members

Rebecca G Paschal-Cogan
President
$26,640
$26,640 No related compNo other comp
Charles E Cameron Sr
Director
$25,920
$25,920 No related compNo other comp
C Henry Outz Jr
Director
$22,350
$22,350 No related compNo other comp
J Thomas Dalrymple
Vice President
$22,140
$22,140 No related compNo other comp
Nancy G Holmes
Director
$21,660
$21,660 No related compNo other comp
Henry Randolph
Director
$21,000
$21,000 No related compNo other comp
James B Brooks
Secretary and Treasurer
$20,670
$20,670 No related compNo other comp
Timothy W Priest
Director
$20,040
$20,040 No related compNo other comp
W Phillip Thompson Jr
Assistant Secretary
$20,010
$20,010 No related compNo other comp
L Frank Comer III
Director
$11,820
$11,820 No related compNo other comp

Contractors

Lee Electrical Construction
Oh and Ug Construction
$2,851,454
Xylem Tree Experts
Row Maintenance
$1,504,932
Lewis Tree Service Inc.
Row Maintenance
$399,800
Cooperative Services Center
Human Resources
$309,270
Union Power
Answering
$219,360

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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