Civic Intelligence

Wake Electric Membership Corp

990 • Fiscal year 2017 • EIN 56-0440935

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 30, 2018

Organization ProfileWWW.WEMC.COM
PO Box 1229Wake Forest, NC 27588

(919) 863-6300

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.64x

Higher debt load relative to assets than 77% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

69th percentile

1.59x

Higher debt load relative to revenue than 69% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Net Margin

48th percentile

0.0%

Higher net margin than 48% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

96th percentile

$604,234

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2017

Asset Growth

66th percentile

4.1%

Faster asset growth than 66% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

2.3%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$227,672,889

Up $8,940,112 (+4.1%) from 2016

Net Assets

Up

$82,858,477

Up $7,477,443 (+9.9%) from 2016

Liabilities

Up

$144,814,412

Up $1,462,669 (+1.0%) from 2016

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin48th percentile

Revenue

Up

$90,838,721

Up $2,002,585 (+2.3%) from 2016

Expenses

Up

$90,838,721

Up $2,002,585 (+2.3%) from 2016

Net Income

Flat

$0

Flat from 2016

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$300M$200M$100M$0Assets 2011: $177,701,528Liabilities 2011: $123,762,549Net Assets 2011: $53,938,9792011Assets 2012: $187,226,294Liabilities 2012: $130,655,301Net Assets 2012: $56,570,9932012Assets 2013: $196,149,269Liabilities 2013: $135,653,163Net Assets 2013: $60,496,1062013Assets 2014: $203,235,772Liabilities 2014: $138,701,125Net Assets 2014: $64,534,6472014Assets 2015: $210,773,460Liabilities 2015: $140,503,866Net Assets 2015: $70,269,5942015Assets 2016: $218,732,777Liabilities 2016: $143,351,743Net Assets 2016: $75,381,0342016Assets 2017: $227,672,889Liabilities 2017: $144,814,412Net Assets 2017: $82,858,4772017Assets 2018: $236,429,522Liabilities 2018: $142,805,375Net Assets 2018: $93,624,1472018Assets 2019: $246,078,938Liabilities 2019: $144,881,703Net Assets 2019: $101,197,2352019Assets 2020: $260,399,357Liabilities 2020: $154,513,187Net Assets 2020: $105,886,1702020Assets 2021: $280,486,920Liabilities 2021: $168,204,100Net Assets 2021: $112,282,8202021Assets 2022: $298,402,185Liabilities 2022: $182,916,595Net Assets 2022: $115,485,5902022Assets 2023: $315,412,174Liabilities 2023: $199,761,681Net Assets 2023: $115,650,4932023Assets 2024: $335,397,488Liabilities 2024: $215,604,933Net Assets 2024: $119,792,5552024

Highlighted filing

2017

Assets$227,672,889
Liabilities$144,814,412
Net Assets$82,858,477
Open 2017 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0Revenue 2011: $77,971,092Expenses 2011: $77,971,092Net Income 2011: $02011Revenue 2012: $75,002,744Expenses 2012: $75,002,744Net Income 2012: $02012Revenue 2013: $82,762,636Expenses 2013: $82,762,636Net Income 2013: $02013Revenue 2014: $84,132,517Expenses 2014: $84,132,517Net Income 2014: $02014Revenue 2015: $88,209,039Expenses 2015: $88,209,039Net Income 2015: $02015Revenue 2016: $88,836,136Expenses 2016: $88,836,136Net Income 2016: $02016Revenue 2017: $90,838,721Expenses 2017: $90,838,721Net Income 2017: $02017Revenue 2018: $100,876,481Expenses 2018: $100,876,481Net Income 2018: $02018Revenue 2019: $100,355,216Expenses 2019: $100,355,216Net Income 2019: $02019Revenue 2020: $97,434,140Expenses 2020: $97,434,140Net Income 2020: $02020Revenue 2021: $101,861,632Expenses 2021: $101,861,632Net Income 2021: $02021Revenue 2022: $104,928,493Expenses 2022: $104,928,493Net Income 2022: $02022Revenue 2023: $105,727,856Expenses 2023: $105,727,856Net Income 2023: $02023Revenue 2024: $116,700,642Expenses 2024: $116,700,642Net Income 2024: $02024

Highlighted filing

2017

Revenue$90,838,721
Expenses$90,838,721
Net Income$0
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 30, 2018
Return Version
2017v2.3
Gross Receipts
$91,081,821
Mission and Program Overview

Mission

To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$182,203,958$189,018,860▲ $6,814,902
Rtn Earn Endowment Incm Other Fnds$75,381,034$82,858,477▲ $7,477,443
Investments Program Related$18,026,820$19,166,632▲ $1,139,812
Accounts Receivable$11,226,409$11,426,728▲ $200,319
Inventories for Sale or Use$4,080,183$4,873,911▲ $793,728
Other Notes and Loans Receivable, Net$1,518,173$1,598,317▲ $80,144
Prepaid Expenses and Deferred Charges$1,221,330$931,550▼ $289,780
Cash and Non-Interest-Bearing Accounts$452,185$651,304▲ $199,119
Total Assets$218,732,777$227,672,889▲ $8,940,112
Other Assets Total$3,719$5,587▲ $1,868
Liabilities
Mortgage Notes Payable Secured by Investment Property$118,937,465$116,247,848▼ $2,689,617
Accounts Payable and Accrued Expenses$17,716,169$15,719,010▼ $1,997,159
Other Liabilities$6,698,109$12,847,554▲ $6,149,445
Total Liabilities$143,351,743$144,814,412▲ $1,462,669
Net Assets / Fund Balance
Total Net Assets Fund Balance$75,381,034$82,858,477▲ $7,477,443
Total Liabilities and Net Assets / Fund Balance$218,732,777$227,672,889▲ $8,940,112

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$175,739,560$56,160,743$231,900,303
Buildings$8,880,580$4,432,593$13,313,173
Land$4,398,720-$4,398,720
Investment Program Related Org$271,721--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James E Mangum JrCEO & Gen. MFT$540,414$63,820$604,234
James E Mangum JrCEO & Gen. Mgr.-$447,568$156,666$604,234
Philip PriceCOO & Asst GFT$267,473$37,542$305,015
Philip PriceCOO & Asst Gen Mgr-$228,333$76,682$305,015
Don BowmanMgr of OperaFT$232,897$47,147$280,044
Don BowmanMgr of Operations-$191,157$88,887$280,044
Cynthia M CurrinGeneral CounFT$256,309$2,666$258,975
Cynthia M CurrinGeneral Counsel-$193,331$65,644$258,975
Charles KellerMgr of CustFT$181,327$46,717$228,044
Charles KellerMgr of Cust Service-$170,125$57,919$228,044
Jordan W OverbeeMgr of OperaFT$138,211$37,523$175,734
Jordan W OverbeeMgr of Operation-$122,824$52,910$175,734
Suzy MorganVice PresidePT$32,940-$32,940
Allen NelsonDirectorPT$29,608-$29,608
Robert HillDirectorPT$28,180-$28,180
W Joseph Hilburn JrDirectorPT$28,180-$28,180
H Michael DickersonTreasurerPT$25,800-$25,800
Rodney PrivetteDirectorPT$24,848-$24,848
Reuben MatthewsPresidentPT$24,848-$24,848
Robert Joe EddinsSecretaryPT$22,468-$22,468
Greg FullerDirectorPT$10,758-$10,758

Highest Paid Contractors

ContractorServicesLocationCompensation
Sandra McguyrtCleaning ServicP O BOX 671, Zebulon, NC 27597$113,814
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$91,078,669
Investment Income
$22,336
Other Revenue
$-262,284
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$90,838,721
Total Revenue per Audited Statements
$90,838,721
Total Revenue per Form 990
$90,838,721
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$74,682,768
Salaries, Compensation, and Employee Benefits$7,497,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$8,658,760--$8,658,760
Depreciation Depletion$7,063,129--$7,063,129
Interest$5,292,616--$5,292,616
Other Salaries and Wages$3,989,931--$3,989,931
Other Employee Benefits$1,644,721--$1,644,721
Other Expenses$1,558,332--$1,558,332
All Other Expenses$890,580--$890,580
Current Officers, Directors, Trustees, and Key Employees$831,864--$831,864
Pension Plan Contributions$703,187--$703,187
Payroll Taxes$327,490--$327,490
Total Functional Expenses$90,838,721$0$0$90,838,721

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$90,838,721
Expenses per Audited Statements$82,179,961
Total Expenses per Audited Statements$82,179,961
Expenses Not Reported on Financial Statements$8,658,760
Other Expense Adjustments$8,658,760
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Deferred Credits$10,047,410
Consumer Deposits$1,726,101
Unclaimed Capital Credits$911,013
Accum Prov for Pension & Benefits$149,801
Accrued Interest Payable$13,229
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The cooperative has members as provided for in its bylaws which are included as a part of this return.”

Form 990, Page 6, Part VI, Line 7A

“The cooperative has members who elect members of the governing body as provided for in its bylaws which are included as a part of this return.”

Form 990, Page 6, Part VI, Line 7B

“Certain decisions of the governing body are subject to approval by members as provided for in its bylaws which are included as a part of this return.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the board with all supporting documentation made available to them.”

Form 990, Page 6, Part VI, Line 12C

“The cooperative regularly and consistently monitors and enforces compliance with their conflict of interest policy as provided for in its policy which is included as a part of this return.”

Form 990, Page 6, Part VI, Line 15A

“Compensation for the ceo is reviewed and approved through the use of a performance review conducted by the member-elected board.”

Form 990, Page 6, Part VI, Line 15B

“Compensation for other key employees is reviewed and approved through the use of a performance review conducted by the ceo.”

Form 990, Page 6, Part VI, Line 19

“The cooperative makes its bylaws, conflict of interest policy, and financial statements available to the public as part of its form 990. The form 990 is available upon request as reflected in part vi section c line 18.”

Filing and Contact Details

Filer

Filer Name
Wake Electric Membership
EIN
56-0440935
Phone
9198636300
Address
PO BOX 1229, WAKE FOREST, NC 27588

Signing Officer

Name
James E Mangum Jr
Title
CEO & Gen. Mgr.
Phone
9198636300
Signed
2018-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James E Mangum Jr
Formed
1940
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
49

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
Bryan a Isgett
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Patronage capital credits 8,658,760 capital credit retirements -1,188,982 membership fees 7,665 total 7,477,443”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“Patronage capital credits 8,658,760”

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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO & GEN. M
IRS990/Form990PartVIISectionAGrp/TitleTxt10COO & ASST G
IRS990/Form990PartVIISectionAGrp/TitleTxt11MGR OF OPERA
IRS990/Form990PartVIISectionAGrp/TitleTxt12MGR OF CUST
IRS990/Form990PartVIISectionAGrp/TitleTxt13MGR OF OPERA
IRS990/Form990PartVIISectionAGrp/TitleTxt14GENERAL COUN
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01940
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt0803
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02696
IRS990/GrossReceiptsAmt091081821
IRS990/GrossRentsGrp/RealAmt0391495
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InterestGrp/ProgramServicesAmt05292616
IRS990/InterestGrp/TotalAmt05292616
IRS990/InventoriesForSaleOrUseGrp/BOYAmt04080183
IRS990/InventoriesForSaleOrUseGrp/EOYAmt04873911
IRS990/InvestmentIncomeGrp/ExclusionAmt021533
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021533
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt018026820
IRS990/InvestmentsProgramRelatedGrp/EOYAmt019166632
IRS990/IRPDocumentCnt071
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt060593336
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0182203958
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0189018860
IRS990/LandBldgEquipCostOrOtherBssAmt0249612196
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01893
IRS990/LessRentalExpensesGrp/RealAmt0241207
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt088327904
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0118937465
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0116247848
IRS990/NetAssetsOrFundBalancesBOYAmt075381034
IRS990/NetAssetsOrFundBalancesEOYAmt082858477
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0803
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0803
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0150288
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0150288
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03719
IRS990/OtherAssetsTotalGrp/EOYAmt05587
IRS990/OtherChangesInNetAssetsAmt07477443
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01644721
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01644721
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1CONSUMER ACCOUNTS
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION MAINTENANCE
IRS990/OtherExpensesGrp/Desc3ADMIN & GENERAL EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt054966226
IRS990/OtherExpensesGrp/ProgramServicesAmt12977201
IRS990/OtherExpensesGrp/ProgramServicesAmt21934684
IRS990/OtherExpensesGrp/ProgramServicesAmt31558332
IRS990/OtherExpensesGrp/TotalAmt054966226
IRS990/OtherExpensesGrp/TotalAmt12977201
IRS990/OtherExpensesGrp/TotalAmt21934684
IRS990/OtherExpensesGrp/TotalAmt31558332
IRS990/OtherLiabilitiesGrp/BOYAmt06698109
IRS990/OtherLiabilitiesGrp/EOYAmt012847554
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0SUBSIDIARY INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-412572
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-412572
IRS990/OtherRevenueTotalAmt0-412572
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03989931
IRS990/OtherSalariesAndWagesGrp/TotalAmt03989931
IRS990/OtherSourcesGrossIncomeAmt01006861
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01518173
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01598317
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0327490
IRS990/PayrollTaxesGrp/TotalAmt0327490
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0703187
IRS990/PensionPlanContributionsGrp/TotalAmt0703187
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01221330
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0931550
IRS990/PrincipalOfficerNm0JAMES E MANGUM JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0ELEC. SALES AND SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1CAPITAL CREDITS
IRS990/ProgramServiceRevenueGrp/Desc2POLE RENTAL
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0155171
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt088327904
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12595594
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt088327904
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12595594
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2155171
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt06314871
IRS990/PYInvestmentIncomeAmt0101183
IRS990/PYOtherExpensesAmt076247118
IRS990/PYOtherRevenueAmt0-133419
IRS990/PYProgramServiceRevenueAmt088868372
IRS990/PYSalariesCompEmpBnftPaidAmt06274147
IRS990/PYTotalExpensesAmt088836136
IRS990/PYTotalRevenueAmt088836136
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/RealAmt0150288
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt075381034
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt082858477
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt08880580
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04432593
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013313173
IRS990ScheduleD/EquipmentGrp/BookValueAmt0175739560
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056160743
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0231900303
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt08658760
IRS990ScheduleD/ExpensesSubtotalAmt082179961
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt010840925
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12696698
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21524743
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt31509435
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt41438846
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5606470
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6277794
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt7271721
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PATRONAGE CAPITAL NCEMC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1PATRONAGE CAPITAL CFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2NRUCFC CTC'S
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4PATRONAGE CAPITAL TEMA
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5PATRONAGE CAPITAL NRTC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6PATRONAGE CAPITAL FEDERATED
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7PATRONAGE CAPITAL NISC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd7C
IRS990ScheduleD/LandGrp/BookValueAmt04398720
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04398720
IRS990ScheduleD/OtherExpensesNotIncludedAmt08658760
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010047410
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11726101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2911013
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3149801
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt413229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER DEFERRED CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2UNCLAIMED CAPITAL CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCUM PROV FOR PENSION & BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt090838721
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PATRONAGE CAPITAL CREDITS 8,658,760
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0189018860
IRS990ScheduleD/TotalBookValueProgramRltdAmt019166632
IRS990ScheduleD/TotalExpensesPerForm990Amt090838721
IRS990ScheduleD/TotalLiabilityAmt012847554
IRS990ScheduleD/TotalRevenuePerForm990Amt090838721
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt090838721
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt082179961
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0447568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1228333
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2191157
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3170125
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4122824
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5193331
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount066848
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount133313
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount241132
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount36941
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount415200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount560285
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt040291
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt124168
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt221800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt342021
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt413442
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023529

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$227,672,889
Liabilities
$144,814,412
Net assets
$82,858,477
Revenue
$90,838,721
Expenses
$90,838,721
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$335$216$120$117$117$0.00
2023Detailed filing. Detailed filing data is available for this year.$315$200$116$106$106$0.00
2022Detailed filing. Detailed filing data is available for this year.$298$183$115$105$105$0.00
2021Detailed filing. Detailed filing data is available for this year.$280$168$112$102$102$0.00
2020Detailed filing. Detailed filing data is available for this year.$260$155$106$97.4$97.4$0.00
2019Detailed filing. Detailed filing data is available for this year.$246$145$101$100$100$0.00
2018Detailed filing. Detailed filing data is available for this year.$236$143$93.6$101$101$0.00
2017Detailed filing. Detailed filing data is available for this year.$228$145$82.9$90.8$90.8$0.00
2016Detailed filing. Detailed filing data is available for this year.$219$143$75.4$88.8$88.8$0.00
2015Summary only. Only limited summary data is available for this year.$211$141$70.3$88.2$88.2$0.00
2014Summary only. Only limited summary data is available for this year.$203$139$64.5$84.1$84.1$0.00
2013Summary only. Only limited summary data is available for this year.$196$136$60.5$82.8$82.8$0.00
2012Summary only. Only limited summary data is available for this year.$187$131$56.6$75.0$75.0$0.00
2011Summary only. Only limited summary data is available for this year.$178$124$53.9$78.0$78.0$0.00