Brunswick Electric Membership Corp
501(c)(12)
Strong reserves
Brunswick Electric Membership Corp is a 501(c)(12) organization based in Shallotte, North Carolina, registered in 1961, with $218,088,595 in FY2023 revenue.
Po Box 826, Shallotte, NC, 28459 EIN 56-0154512 Since 1961
Revenue (FY2023)
$218.1M
▼ 0.3% vs prior year
Expenses (FY2023)
$213.4M
Net assets
$212.3M
Employees
231
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Brunswick Electric Membership Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Brunswick Electric Membership Corp: 12 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Brunswick Electric Membership Corp: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Brunswick Electric Membership Corp: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
The mission of brunswick electric membership corporation is to provide our cooperative membership with superior electric and consumer services through open communication, utilizing a highly-trained, efficient work force in conjunction with a knowledgeable and well-informed membership. our primary goal is to distribute safe, affordable, reliable, and environmentally responsible electricity to our membership.
What they do
Patronage dividends paid to members' accounts. see part ix, line 4, "benefits paid to or for members", per irs instructions.
Operation, maintenance, and construction of electric distribution lines for (1) the military ocean terminal sunny point, under the terms of a long-term contract with the united states government, and (2) the city of southport, nc.
Contact & location
- Address
- Po Box 826, Shallotte, NC, 28459
- City
- Shallotte
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $170.8M (FY2013) to $218.1M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $298.0MNet assets $212.3M
Operating margin
2.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$510.3M
Total liabilities
$298.0M
Net assets
$212.3M
Salaries & benefits
$25.5M
12% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $218,088,595▼0.3% | $213,390,688▼2.0% | $212,258,367▲5.2% | $510,296,750▲2.3% | 990 |
| 2022 | $218,662,307▲8.6% | $217,749,601▲9.4% | $201,745,315▲7.5% | $498,679,399▲1.9% | 990 |
| 2021 | $201,275,080▼1.9% | $199,029,268▼1.6% | $187,719,950▲4.1% | $489,243,089▲4.6% | 990 |
| 2020 | $205,162,869▲7.8% | $202,222,670▲5.6% | $180,261,183▲6.6% | $467,836,329▲3.1% | 990 |
| 2019 | $190,243,570▼3.8% | $191,589,278▲0.2% | $169,098,083▲3.6% | $453,887,577▲5.8% | 990 |
| 2018 | $197,760,441▲15.0% | $191,158,838▲12.1% | $163,209,214▲10.6% | $429,154,883▲0.6% | 990 |
| 2017 | $171,943,169▲1.8% | $170,490,384▲1.7% | $147,539,275▲11.3% | $426,393,442▲10.9% | 990 |
| 2015 | $168,830,005▼5.3% | $167,615,164▼1.7% | $132,592,348▲4.0% | $384,482,244▲1.4% | 990 |
| 2014 | $178,309,541▲4.4% | $170,495,557▲3.1% | $127,475,520▲7.9% | $379,328,673▲0.3% | 990 |
| 2013 | $170,775,086 | $165,412,871▲9.6% | $118,129,957▲12.2% | $378,313,580▲10.8% | 990 |
| 2012 | — | $150,887,266▼5.9% | $105,325,307▲19.4% | $341,312,768▲5.1% | 990 |
| 2011 | — | $160,417,511▲9.1% | $88,192,410▼0.6% | $324,617,609▲5.2% | 990 |
| 2010 | — | $147,087,859 | $88,703,318 | $308,467,466 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Joshua Winslow — $454,243 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Joshua Winslow | Ceo / Gen Mg | 50 | $454,243 |
| James T Tippett | Mgr Operatio | 50 | $403,609 |
| James Green | Mgr Customer | 50 | $379,040 |
| James E Etheridge | Super. Dist | 40 | $339,334 |
| Corey Thurlow | Coo | 45 | $333,596 |
| Scott Thomas | Vp Corp Serv | 40 | $305,181 |
| David Reel | Vp Technolog | 40 | $288,031 |
| Lisa Fitzgerald | Vp Finance | 50 | $271,604 |
| Jordan Overbee | Vp Eng & Ops | 50 | $203,285 |
| John E Johnson | Mgr Operatio | 48 | $190,993 |
| Jeffrey Jackson | Mgr, Info Te | 50 | $182,713 |
| Gary Mccumbee | Dist. Asset | 50 | $179,565 |
| James N Nance | Key Accounts | 50 | $174,565 |
| Larry Sanderson | Quality Cont | 50 | $150,906 |
| Brian Hall | Ops Tech Mgr | 50 | $149,565 |
| David Gore | President | 15 | $63,196 |
| Larry Fowler | Sect./ Treas | 11 | $57,346 |
| Dan Strickland | Director | 9 | $53,296 |
| John Ward | Director | 7 | $51,940 |
| Frederick Tedder | Vice Preside | 10 | $38,052 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Lee Electrical Construction Inc | Line Const. | $13,583,591 |
| Lee Electrical Construction Inc | Line Const. | $10,332,322 |
| New South Maintenance Inc | Line Const. | $4,058,504 |
| Sumter Utilities Inc | Line Const. | $3,492,876 |
| New South Maintenance Inc | Line Const. | $3,337,728 |
| Sumter Utilities Inc | Line Const. | $2,925,727 |
| Usic Locating Services Inc | Underground | $1,633,632 |
| Clemmons Trimming Mowing | Right of Way | $1,245,801 |
| Usic Locating Services Inc | Underground | $1,245,354 |
| Clemmons Trimming Mowing | Right of Way | $975,559 |
Grants received · $144K total
8 grants to Brunswick Electric Membership Corp totaling $144K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| North Carolina Electric Membership Corporation | Educational assistance | 2024 | $16,566 |
| North Carolina Electric Membership Corporation | Educational assistance | 2023 | $16,566 |
| North Carolina Electric Membership Corporation | Educational assistance | 2022 | $16,566 |
| North Carolina Electric Membership Corporation | Educational assistance | 2021 | $15,796 |
| North Carolina Electric Membership Corporation | Educational assistance | 2020 | $15,796 |
| North Carolina Electric Membership Corporation | Educational assistance, medical donation | 2019 | $15,796 |
| North Carolina Electric Membership Corporation | Educational assistance, medical donation | 2018 | $15,796 |
| North Carolina Electric Membership Corporation | Educational assistance, medical donation | 2017 | $30,796 |
Grants made · $80K in FY2023
4 grants totaling $80K in FY2023. All grants made by Brunswick Electric Membership Corp →
| Recipient | Purpose | Amount |
|---|---|---|
| Brunswick Family Assistance Agency Inc | Electric bills | $20,000 |
| Columbus County Dept of Aging | Electric bills | $20,000 |
| Brunswick Family Assistance Agency Inc | Electric bills | $20,000 |
| Columbus County Dept of Aging | Electric bills | $20,000 |
Frequently asked questions
- Is Brunswick Electric Membership Corp a legitimate nonprofit?
- Yes. Brunswick Electric Membership Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 56-0154512, based in Shallotte, North Carolina.
- What is Brunswick Electric Membership Corp's EIN?
- Brunswick Electric Membership Corp's Employer Identification Number (EIN) is 56-0154512.
- How much revenue does Brunswick Electric Membership Corp report?
- Brunswick Electric Membership Corp reported $218,088,595 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Brunswick Electric Membership Corp's highest-paid employee make?
- The highest reported compensation on Brunswick Electric Membership Corp's latest Form 990 is $454,243, paid to Joshua Winslow (Ceo / Gen Mg).
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Data for Brunswick Electric Membership Corp (EIN 56-0154512) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.