Nonprofit · EIN 56-0478157
CENTRAL ELECTRIC MEMBERSHIP CORP
Tax-exempt · SANFORD, NC 27332
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $68,957,194 | $69,995,781 | -$1,038,587 | $148,593,806 | $80,315,005 | $68,278,801 |
| December 31, 2024 | 990 | $62,196,930 | $62,937,508 | -$740,578 | $138,040,596 | $72,869,379 | $65,171,217 |
| December 31, 2023 | 990 | $58,207,932 | $60,109,851 | -$1,901,919 | $133,265,783 | $68,334,157 | $64,931,626 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $69,036,999
- Investment income
- $132,858
- Net rental income
- $224,009
- Net gain from sales of assets
- $7,033
- Other revenue
- -$212,663
Expenses
- Grants and similar amounts paid
- $19,429
- Benefits paid to members
- $4,197,935
- Compensation of officers, directors and key employees
- $1,334,322
- Other salaries and wages
- $5,494,513
- Salaries, compensation and benefits (total)
- $8,346,420
- Professional fundraising fees
- $0
- Legal fees
- $483,115
- Travel
- $711,360
- Depreciation
- $5,668,013
Balance sheet and other
- Total assets, start of year
- $138,040,596
- Total assets, end of year
- $148,593,806
- Total liabilities, end of year
- $80,315,005
- Net assets, end of year
- $68,278,801
- Land, buildings and equipment
- $107,139,479
- Gross receipts
- $68,957,194
- Employees
- 73
- Year formed
- 1941
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDWARD B OLDHAM | CEO & GEN. M Officer | 40 | $292,346 | $94,034 |
| TABITHA L WHITLOW | VP FIN & ACT Officer | 40 | $186,975 | $65,493 |
| ANGELA D HARE | VP OF CUSTOM Officer | 40 | $168,449 | $69,856 |
| JODY B ALBRIGHT | VP OF MEMBER Officer | 40 | $164,416 | $67,357 |
| TERRY COLLINS | MANAGER OF O Highest-paid employee | 40 | $138,953 | $59,972 |
| JAMES TAYLOR | MGR PAYROLL/ Highest-paid employee | 40 | $126,505 | $56,187 |
| RAYMOND FRANCISCO | OVERHEAD FOR Highest-paid employee | 40 | $141,171 | $38,887 |
| NATHAN STEPHENS | MGR OF ENGIN Highest-paid employee | 40 | $121,806 | $54,124 |
| MATTHEW GARDNER | DIRECTOR OF Highest-paid employee | 40 | $117,979 | $47,435 |
| REBECCA G PASCHAL-COGAN | PRESIDENT Trustee or director, Officer | 6.17 | $27,120 | $0 |
| CHARLES E CAMERON SR | DIRECTOR Trustee or director | 4.56 | $25,680 | $0 |
| NANCY G HOLMES | DIRECTOR Trustee or director | 4.09 | $23,310 | $0 |
| HENRY RANDOLPH | DIRECTOR Trustee or director | 3.78 | $23,310 | $0 |
| W PHILLIP THOMPSON JR | ASST. SECRET Trustee or director, Officer | 4.97 | $22,320 | $0 |
| J THOMAS DALRYMPLE | VICE-PRESIDE Trustee or director, Officer | 6.56 | $21,990 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY W PRIEST | DIRECTOR Trustee or director | 7.1 | $21,660 |
| JAMES B BROOKS | SEC. - TREAS Trustee or director, Officer | 2.59 | $20,670 |
| C HENRY OUTZ JR | DIRECTOR Trustee or director | 2.75 | $20,670 |
| BIANKA STUMPF | DIRECTOR Trustee or director | 4.72 | $18,665 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDWARD B OLDHAM | CEO & GEN. M Officer | 40 | $252,966 | $87,522 |
| TABITHA L WHITLOW | VP FIN & ACT Officer | 40 | $168,600 | $63,307 |
| ANGELA D HARE | VP OF CUSTOM Officer | 40 | $158,439 | $67,367 |
| JODY B ALBRIGHT | VP OF MEMBER Officer | 40 | $155,819 | $64,844 |
| TERRY COLLINS | MANAGER OF O Highest-paid employee | 40 | $130,957 | $56,798 |
| JAMES TAYLOR | MGR PAYROLL/ Highest-paid employee | 40 | $117,153 | $53,254 |
| MARTIN JESSUP | OVERHEAD FOR Highest-paid employee | 40 | $117,247 | $48,424 |
| NATHAN STEPHENS | MGR OF ENGIN Highest-paid employee | 40 | $112,477 | $51,733 |
| JILL ADCOCK | DIR OF CUST Highest-paid employee | 40 | $116,093 | $46,623 |
| REBECCA G PASCHAL-COGAN | PRESIDENT Trustee or director, Officer | 5.72 | $26,640 | $0 |
| CHARLES E CAMERON SR | DIRECTOR Trustee or director | 5.72 | $25,920 | $0 |
| C HENRY OUTZ JR | DIRECTOR Trustee or director | 4.43 | $22,350 | $0 |
| J THOMAS DALRYMPLE | VICE-PRESIDE Trustee or director, Officer | 5.55 | $22,140 | $0 |
| NANCY G HOLMES | DIRECTOR Trustee or director | 2.73 | $21,660 | $0 |
| HENRY RANDOLPH | DIRECTOR Trustee or director | 3.69 | $21,000 | $0 |
| JAMES B BROOKS | SECRETARY-TR Trustee or director, Officer | 2.27 | $20,670 | $0 |
| TIMOTHY W PRIEST | DIRECTOR Trustee or director | 7.08 | $20,040 | $0 |
| W PHILLIP THOMPSON JR | ASST. SECRET Trustee or director, Officer | 4.15 | $20,010 | $0 |
| L FRANK COMER III | DIRECTOR Trustee or director | 2.89 | $11,820 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EDWARD B OLDHAM | CEO & GEN. M Officer | 40 | $242,589 | $79,420 |
| TABITHA L WHITLOW | VP FIN & ACT Officer | 40 | $165,330 | $59,768 |
| ANGELA D HARE | VP OF CUSTOM Officer | 40 | $151,120 | $64,371 |
| JODY B ALBRIGHT | VP OF MEMBER Officer | 40 | $147,326 | $61,772 |
| TERRY COLLINS | MANAGER OF O Highest-paid employee | 40 | $121,188 | $53,895 |
| ROBERT THOMPSON | SYSTEMS ENGI Highest-paid employee | 40 | $132,524 | $37,295 |
| MARTIN JESSUP | OVERHEAD FOR Highest-paid employee | 40 | $118,086 | $46,787 |
| JAMES TAYLOR | MGR PAYROLL/ Highest-paid employee | 40 | $108,493 | $50,649 |
| KENNETH THOMAS | LINEMAN Highest-paid employee | 40 | $119,957 | $36,210 |
| CHARLES E CAMERON SR | DIRECTOR Trustee or director | 7.14 | $26,130 | $0 |
| REBECCA G PASCHAL-COGAN | PRESIDENT Trustee or director, Officer | 5.92 | $25,200 | $0 |
| HENRY RANDOLPH | DIRECTOR Trustee or director | 3.54 | $20,700 | $0 |
| W PHILLIP THOMPSON JR | ASST. SECRET Trustee or director, Officer | 3.7 | $19,500 | $0 |
| NANCY G HOLMES | DIRECTOR Trustee or director | 2.78 | $19,200 | $0 |
| L FRANK COMER III | DIRECTOR Trustee or director | 6.12 | $19,200 | $0 |
| J THOMAS DALRYMPLE | VICE-PRESIDE Trustee or director, Officer | 5.58 | $18,900 | $0 |
| TIMOTHY W PRIEST | DIRECTOR Trustee or director | 7.96 | $18,300 | $0 |
| C HENRY OUTZ JR | DIRECTOR Trustee or director | 3.37 | $17,700 | $0 |
| JAMES B BROOKS | SECRETARY-TR Trustee or director, Officer | 1.78 | $17,400 | $0 |
| EDITH C COX | DIRECTOR Trustee or director | – | $2,700 | $0 |
Address and contacts
- Address (IRS master file)
- 128 WILSON RD, SANFORD, NC 27332-9613
- Principal officer (990 for 2025)
- EDWARD B OLDHAM, PO BOX 1107, SANFORD, NC 27331
- Signed the 990
- EDWARD B OLDHAM, CEO & GEN. MGR.
- Phone
- (919) 774-4900
- Return prepared by
- ADAMS JENKINS & CHEATHAM
Mission
SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC
Program accomplishments
- SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 41,131,356 DEPRECIATION AND AMORTIZATION 5,668,013 OTHER SALARIES AND WAGES 5,494,513
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0478157
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $148,593,806
- Income (IRS master file)
- $68,957,194
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $68,957,194 | $69,995,781 | $148,593,806 | XML |
| 990 | December 2024 | $62,196,930 | $62,937,508 | $138,040,596 | XML |
| 990 | December 2023 | $58,207,932 | $60,109,851 | $133,265,783 | XML |
| 990 | December 2022 | $57,299,071 | $58,319,002 | $127,843,313 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0478157).
Questions about CENTRAL ELECTRIC MEMBERSHIP CORP
- What is the EIN of CENTRAL ELECTRIC MEMBERSHIP CORP?
- The employer identification number (EIN) of CENTRAL ELECTRIC MEMBERSHIP CORP is 56-0478157.
- Is CENTRAL ELECTRIC MEMBERSHIP CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1966.
- Are donations to CENTRAL ELECTRIC MEMBERSHIP CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CENTRAL ELECTRIC MEMBERSHIP CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CENTRAL ELECTRIC MEMBERSHIP CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL ELECTRIC MEMBERSHIP CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CENTRAL ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2025 names EDWARD B OLDHAM.
- Who are the officers and directors of CENTRAL ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2025 lists 19 people; 19 received compensation from the organization, the highest $292,346 (EDWARD B OLDHAM, CEO & GEN. M).
- How much revenue does CENTRAL ELECTRIC MEMBERSHIP CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $68,957,194, expenses of $69,995,781 and total assets of $148,593,806 at year end.
Other nonprofits in SANFORD
- ASCEND LEADERSHIP ACADEMY INC EIN 82-2660338 · last filed 990 for 2025
- CHRISTIAN CREDIT COUNSELORS INC EIN 38-2956171 · last filed 990 for 2025
- BOYS AND GIRLS CLUBS OF CENTRAL CAROLINA INC EIN 56-1923703 · last filed 990 for 2024
- IMPACTSTORY EIN 46-1599252 · last filed 990 for 2025
- LEE CHRISTIAN SCHOOL INC EIN 56-1864897 · last filed 990 for 2025
- PARTNERSHIP FOR CHILDREN & FAMILIES EIN 56-2009097 · last filed 990 for 2025
- STEVENS CENTER EIN 58-1876520 · last filed 990 for 2024
- CIVITAS NETWORKS FOR HEALTH EIN 45-1754340 · last filed 990 for 2025