NonprofitsCarteret-Craven Electric Cooperative

Carteret-Craven Electric Cooperative

NEWPORT, NC

Total revenue

$75.2M

Total expenses

$71.1M

Net assets

$67.5M

Grants received

$49K

5 grants

EIN

560168825

Tax year

2024

Mission

Distribution of Electricity to the Membership of Carteret-Craven Electric Cooperative

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$72.3M
Investment income$879K
Other revenue$2.0M
Total revenue$75.2M

Expenses

Grants paid
Salaries & benefits$8.6M
Fundraising
Other expenses$62.5M
Total expenses$71.1M
Total assets$140.8M
Net assets$67.5M

People

16 listed

NameRoleCompensation

Jake Joplin

CEO

Board

$330K

45 hrs/wk

Deloria Y Irby

Director

Board

$19K

6.6 hrs/wk

Amy L Lock

President

Board

$18K

4.8 hrs/wk

Ben S Ball

Treasurer

Board

$17K

2.7 hrs/wk

Douglas S Fulcher

Assistant Treasurer

Board

$16K

5.3 hrs/wk

Anthony Nelson

Director

Board

$16K

4.3 hrs/wk

James Schmitt

Vice President

Board

$16K

4.7 hrs/wk

Alvin West

Secretary

Board

$14K

5.5 hrs/wk

Thom Styron

Assistant Secretary

Board

$14K

1.8 hrs/wk

William Fred Fulcher

Director

Board

$13K

2.8 hrs/wk

Will Pittman

VP of Engineering

Staff

$181K

45 hrs/wk

Cheryl Slater

VP of Customer Services

Staff

$162K

45 hrs/wk

Rex Larowe

Director of Engineering

Staff

$143K

45 hrs/wk

Tara Alderman

VP of Finance & Accounting

Staff

$141K

45 hrs/wk

Michael Dowle Smith

Line/Service Technician

Staff

$138K

48.76 hrs/wk

Rodney B Williams

Line Crew Leader

Staff

$135K

44.07 hrs/wk

Independent contractors

C Phase Services

Utility Construction(Transmission/Distribution)

$2.4M

XYLEM TREE EXPERTS

Right of Way tree trimming

$1.5M

TRC ENGINEERS INC

Engineering Services for pole attachments

$441K

SUNBELT SOLOMON SERVICES LLC

Transformer sales, testing, repair, maintenance

$352K

DW Hill Inc

Boring Services

$301K

Grants received

Showing 5 of 5

FromAmountPurposeYear
$10K
EDUCATIONAL ASSISTANCE
2024
$10K
EDUCATIONAL ASSISTANCE
2023
$10K
EDUCATIONAL ASSISTANCE
2022
$9K
EDUCATIONAL ASSISTANCE
2021
$9K
EDUCATIONAL ASSISTANCE
2020

Funded by

$49K from 1 funder · 5 grants · 2020–2024

North Carolina Electric Membership

$49K · 5 grants · 2020–2024

Details

EIN560168825
Subsection12
Ruling date1961-03
Formed1940
Employees82
Volunteers0
CARTERET-CRAVEN ELECTRIC COOPERATIVE — Mission, Financials & Grants Received | Grantivo