2026-07-13T12:46:39-04:00 2025-12-31 541320089 ADAMS JENKINS & CHEATHAM 231 WYLDEROSE DR MIDLOTHIAN VA 23113 990 2025-01-01 560478157 CENTRAL ELECTRIC MEMBERSHIP CORPORATION CENT 9197744900 PO BOX 1107 SANFORD NC 27331 EDWARD B OLDHAM CEO & GEN. MGR. 9197744900 2026-06-20 true G STEVEN GILLIAM CPA P00348264 8043231313 2026-07-10 2025 2025-03-06 01:10:19Z EDWARD B OLDHAM PO BOX 1107 SANFORD NC 27331 68957194 false X WWW.CENTRALELECTRICONLINE.COM X 1941 NC SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC 10 10 73 0 0 61322698 69036999 27736 132858 846496 -212663 62196930 68957194 14987 19429 1419195 4197935 8179056 8346420 0 0 53324270 57431997 62937508 69995781 -740578 -1038587 138040596 148593806 72869379 80315005 65171217 68278801 SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC false false 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 false false false false false false false false false true false true false true true true false false false false false false false false false false true false true false false false false false false false false false false false true false false true 36 0 true 73 true false false false false false 67401448 1337167 false false false X 10 10 false false false false true true true true true false false false true true true true true true true false X TABITHA WHITLOW 9197744900 128 WILSON ROAD SANFORD NC 27331 EDWARD B OLDHAM CEO & GEN. M 40.00 X 292346 0 94034 TABITHA L WHITLOW VP FIN & ACT 40.00 X 186975 0 65493 ANGELA D HARE VP OF CUSTOM 40.00 X 168449 0 69856 JODY B ALBRIGHT VP OF MEMBER 40.00 X 164416 0 67357 TERRY COLLINS MANAGER OF O 40.00 X 138953 0 59972 JAMES TAYLOR MGR PAYROLL/ 40.00 X 126505 0 56187 RAYMOND FRANCISCO OVERHEAD FOR 40.00 X 141171 0 38887 NATHAN STEPHENS MGR OF ENGIN 40.00 X 121806 0 54124 MATTHEW GARDNER DIRECTOR OF 40.00 X 117979 0 47435 REBECCA G PASCHAL-COGAN PRESIDENT 6.17 X X 27120 0 0 CHARLES E CAMERON SR DIRECTOR 4.56 X 25680 0 0 NANCY G HOLMES DIRECTOR 4.09 X 23310 0 0 HENRY RANDOLPH DIRECTOR 3.78 X 23310 0 0 W PHILLIP THOMPSON JR ASST. SECRET 4.97 X X 22320 0 0 J THOMAS DALRYMPLE VICE-PRESIDE 6.56 X X 21990 0 0 TIMOTHY W PRIEST DIRECTOR 7.10 X 21660 0 0 JAMES B BROOKS SEC. - TREAS 2.59 X X 20670 0 0 C HENRY OUTZ JR DIRECTOR 2.75 X 20670 0 0 BIANKA STUMPF DIRECTOR 4.72 X 18665 0 0 1683995 553345 20 false true false LEE ELECTRICAL CONSTRUCTION 12828 HWY 15 501 SOUTH ABERDEEN NC 28315 OH & UG CONST 3417951 XYLEM TREE EXPERTS 208 E PLUME STREET SUITE 250 NORFOLK VA 23510 ROW MAINTENANCE 1831842 BOOTH & ASSOCIATES 2300 REXWOODS DRIVE SUITE 300 RALEIGH NC 27607 ENGINEERING 432415 LEWIS TREE SERVICE PO BOX 731897 DALLAS TX 753731897 ROW MAINTENANCE 418410 PAUL HASTINGS LLC PO BOX 894803 LOCKBOX 4803 LOS ANGELES CA 90189 LEGAL 270044 7 SALE OF ELECTRICITY 221000 68073490 68073490 CONTRIB. IN AID OF CONST. 221000 779117 779117 CASH PATRONAGE RECEIVED 221000 184392 184392 69036999 125825 125825 5430 218579 5430 218579 224009 5430 218579 7033 7033 7033 7033 OTHER 221000 22830 22830 LOSS FROM EQUITY INV. 221000 -459502 -459502 -436672 68957194 68605757 351437 X 19429 4197935 1334322 5494513 1013049 504536 483115 711360 304429 3021960 5668013 COST OF POWER 41131356 DIST. MAINTENANCE 3194199 ADMIN & GENERAL 2360361 DIST. OPERATION 1761943 -1204739 69995781 0 0 0 1980936 2020818 30324 3806452 7184616 9119818 193990 113476 1812109 1776036 3258191 4138140 169652177 62512698 103633677 107139479 3197194 2631305 16749559 17848282 138040596 148593806 7360258 8698355 58949421 65411855 633110 596807 5926590 5607988 72869379 80315005 X 65171217 68278801 65171217 68278801 138040596 148593806 X -1038587 4146171 X false true X true false 169652177 62512698 107139479 107139479 PATRONAGE CAPITAL 17460127 C CAPITAL TERM CERTIFICATES 387005 C OTHER 1150 C 17848282 OTHER POST-RETIREMENT 3008969 DEFERRED CREDITS 1331771 CONSUMER DEPOSITS 1267248 5607988 X 70156899 1978822 1978822 68178077 779117 779117 68957194 65797846 65797846 4197935 4197935 69995781 SCHEDULE D, PAGE 3, PART X THE CORPORATION FOLLOWS THE GUIDANCE FOR "UNCERTAIN TAX POSITIONS" IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE CORPORATION HAS DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. SCHEDULE D, PAGE 4, PART XI, LINE 2D ADJ. FOR CASH PAT. REC 1,152,588 ADJ FOR INCOME FROM EQUITY INV 826,234 SCHEDULE D, PAGE 4, PART XI, LINE 4B CIAC 779,117 SCHEDULE D, PAGE 4, PART XII, LINE 4B MARGINS ASSIGNED TO MEMBERS 4,197,935 false CENTRAL ELEC MEM CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 3 19429 COSTS LABOR ADMIN ASSISTANCE 1 X X false false false EDWARD B OLDHAM CEO & GEN. MGR. 292346 79972 14062 386380 TABITHA L WHITLOW VP FIN & ACTG 186975 51431 14062 252468 ANGELA D HARE VP OF CUSTOMER SERV 168449 50474 19382 238305 JODY B ALBRIGHT VP OF MEMBER SERVICE 164416 47975 19382 231773 TERRY COLLINS MANAGER OF OPS 138953 40590 19382 198925 JAMES TAYLOR MGR PAYROLL/HR/COMMS 126505 36805 19382 182692 RAYMOND FRANCISCO OVERHEAD FOREMAN 141171 24664 14223 180058 NATHAN STEPHENS MGR OF ENGINEERING 121806 34742 19382 175930 MATTHEW GARDNER DIRECTOR OF IT 117979 33373 14062 165414 FORM 990, PAGE 6, PART VI, LINE 6 CENTRAL ELECTRIC MEMBERSHIP CORPORATION IS AN ELECTRIC MEMBERSHIP CORPORATION THAT DELIVERS ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE MEMBERS ELECT THE BOARD OF DIRECTORS, WHICH SERVE AS THE GOVERNING BODY OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION RECEIVE ONE VOTE WITH RESPECT TO SELECTING THE GOVERNING BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY THE MEMBERS AS PROVIDED FOR IN THE COOPERATIVE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT REVIEWS A COPY OF THE 990 FOR ACCURACY BEFORE FURNISHING IT TO THE CEO AND THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICTS OF INTEREST ARE COVERED UNDER THE ORGANIZATION'S CODE OF CONDUCT, WHICH STATES "EMPLOYEES ARE ENCOURAGED TO TALK TO SUPERVISORS, MANAGERS OR OTHER APPROPRIATE PERSONNEL ABOUT OBSERVED ILLEGAL OR UNETHICAL BEHAVIOR, AS WELL AS ACTUAL OR SUSPECTED VIOLATIONS OF THE POLICY OF WHICH THEY ARE AWARE, OR CONCERNS ABOUT THE BEST COURSE OF ACTION IN A PARTICULAR SITUATION." A COPY OF THE POLICY IS POSTED ON-LINE AT EACH OFFICE LOCATION. EMPLOYEES ARE NOTIFIED ONCE A YEAR ABOUT THE POLICY AND ARE EXPECTED TO REVIEW IT. EMPLOYEES ARE EXPECTED TO COOPERATE IN INTERNAL INVESTIGATIONS OF MISCONDUCT. DIRECTORS ARE SIMILARLY ENCOURAGED TO DISCUSS SUCH ISSUES WITH FELLOW DIRECTORS OR WITH THE PRESIDENT OF THE BOARD. DIRECTORS SIGN A QUESTIONNAIRE THAT ASKS ABOUT THE POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION PERIODICALLY USES THE SERVICES OF A CONSULTING SERVICE WHICH COMPARES THE ORGANIZATION'S COMPENSATION WITH THAT OF SIMILAR ORGANIZATIONS. SALARIES OF MANAGEMENT PERSONNEL ARE REVIEWED BY THE BOARD OF DIRECTORS, AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED. FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION PERIODICALLY USES THE SERVICES OF A CONSULTING SERVICE WHICH COMPARES THE ORGANIZATION'S COMPENSATION WITH THAT OF SIMILAR ORGANIZATIONS. SALARIES OF MANAGEMENT PERSONNEL ARE REVIEWED BY THE BOARD OF DIRECTORS, AND FILES ARE MAINTAINED FOR THE REVIEW PROCESS BY WHICH MERIT RAISES ARE GRANTED. FORM 990, PAGE 6, PART VI, LINE 19 A COPY OF THE BYLAWS ARE PROVIDED TO NEW MEMBERS. A CONDENSED FINANCIAL STATEMENT IS PROVIDED TO THE MEMBERS AS PART OF THE ORGANIZATION'S ANNUAL REPORT. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL AUDIT AND THE SELECTION OF THE INDEPENDENT ACCOUNTANT. FORM 990, PART XI, LINE 9 NONCASH PATRONAGE ALLOCATIONS NOT REVENUE PER IRS 1,152,588 PATRONAGE DIV. PAID TO MEMBERS 4,197,935 OCI ADJUSTMENT TO EQUITY 120,389 INCREASE IN MEMBERSHIPS 2,135 BOOK TAX DIFFERENCE SANDHILLS UTILITY SERVICES 826,234 CONTRIBUTIONS IN AID OF CONSTRUCTION -779,117 NET RETIREMENT OF CAPITAL CREDITS -1,373,993 TOTAL 4,146,171 CENTRAL ELECTRIC MEMBER CARE TRUST PO BOX 1107 SANFORD NC 27331 800958464 CHARITABLE NC 501C 3 CENTRAL EM CENTRAL ELECTRIC MEMBERSHIP CORPORA false false false false false false false false false false false false false false false true false false false false CENTRAL ELECTRIC MEMBER CARE TRUST O 19429 COST