Civic Intelligence

Wake Electric Membership Corp

990 • Fiscal year 2020 • EIN 56-0440935

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 28, 2021

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

49th percentile

0.59x

Higher debt load relative to assets than 49% of similar nonprofits.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2020

Liabilities / Revenue

63rd percentile

1.59x

Higher debt load relative to revenue than 63% of similar nonprofits.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2020

Net Margin

51st percentile

0.0%

Higher net margin than 51% of similar nonprofits.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2020

Top Officer Pay

89th percentile

$1,060,389

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Source year 2020

Asset Growth

68th percentile

5.8%

Faster asset growth than 68% of similar nonprofits.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Revenue Growth

32nd percentile

-2.9%

Faster revenue growth than 32% of similar nonprofits.

2020 filings • 501(c)12 • $250M-$1B nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets49th percentile

Assets

Up

$260,399,357

Up $14,320,419 (+5.8%) from 2019

Net Assets

Up

$105,886,170

Up $4,688,935 (+4.6%) from 2019

Liabilities

Up

$154,513,187

Up $9,631,484 (+6.6%) from 2019

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin51st percentile

Revenue

Down

$97,434,140

Down $2,921,076 (-2.9%) from 2019

Expenses

Down

$97,434,140

Down $2,921,076 (-2.9%) from 2019

Net Income

Flat

$0

Flat from 2019

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2020

Assets$260,399,357
Liabilities$154,513,187
Net Assets$105,886,170
Open 2020 Filing

Operations Trend

Revenue Growth32nd 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

2020

Revenue$97,434,140
Expenses$97,434,140
Net Income$0
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 28, 2021
Return Version
2020v4.0
Gross Receipts
$97,783,225
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$204,088,426$216,339,907▲ $12,251,481
Rtn Earn Endowment Incm Other Fnds$101,197,235$105,886,170▲ $4,688,935
Investments Program Related$23,386,142$25,218,137▲ $1,831,995
Accounts Receivable$11,470,795$12,594,391▲ $1,123,596
Inventories for Sale or Use$3,709,978$3,696,620▼ $13,358
Other Notes and Loans Receivable, Net$2,145,801$1,853,405▼ $292,396
Prepaid Expenses and Deferred Charges$838,599$640,231▼ $198,368
Cash and Non-Interest-Bearing Accounts$435,473$52,952▼ $382,521
Total Assets$246,078,938$260,399,357▲ $14,320,419
Other Assets Total$3,724$3,714▼ $10
Liabilities
Mortgage Notes Payable Secured by Investment Property$116,092,512$122,927,408▲ $6,834,896
Accounts Payable and Accrued Expenses$20,075,441$24,801,412▲ $4,725,971
Other Liabilities$8,713,750$6,784,367▼ $1,929,383
Total Liabilities$144,881,703$154,513,187▲ $9,631,484
Net Assets / Fund Balance
Total Net Assets Fund Balance$101,197,235$105,886,170▲ $4,688,935
Total Liabilities and Net Assets / Fund Balance$246,078,938$260,399,357▲ $14,320,419

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$203,550,594$71,254,974$274,805,568
Buildings$7,982,882$5,550,507$13,533,389
Land$4,806,431-$4,806,431
Investment Program Related Org$310,760--
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James E Mangum JrCEO & Gen. MFT$991,244$69,145$1,060,389
James E Mangum JrCEO & Gen. Mgr.-$498,626$561,763$1,060,389
Don BowmanVP of EnginFT$276,451$55,981$332,432
Don BowmanVP of Engin and Ops-$228,705$103,727$332,432
Cynthia M CurrinGeneral CounFT$295,343$29,633$324,976
Cynthia M CurrinGeneral Counsel-$235,511$89,465$324,976
Christopher D WrightMgr of EnginFT$169,479$41,066$210,545
Christopher D WrightMgr of Engineering-$143,866$66,679$210,545
Charles PernellMgr of OperaFT$140,636$61,033$201,669
Charles PernellMgr of Operations-$136,447$65,222$201,669
Steve BallardMgr of CyberFT$147,486$27,436$174,922
Steve BallardMgr of Cybersecurity-$124,062$50,860$174,922
H Michael DickersonVice PresidePT$27,980-$27,980
Suzy MorganPresidentPT$27,120-$27,120
Greg FullerDirectorPT$26,200-$26,200
W Joseph Hilburn JrDirectorPT$25,800-$25,800
Allen NelsonDirectorPT$25,800-$25,800
Reuben MatthewsDirector-$25,400-$25,400
Rodney PrivetteDirector-$25,400-$25,400
Robert Joe EddinsSecretaryPT$25,000-$25,000
Robert HillTreasurerPT$23,000-$23,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Tony Melton MitchellSubst. Const.2541 OLD SMITHFIELD ROAD, Princeton, NC 27569$338,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$97,266,692
Investment Income
$170,748
Other Revenue
$-3,300
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$97,434,140
Total Revenue per Audited Statements
$97,434,140
Total Revenue per Form 990
$97,434,140
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,878,215
Salaries, Compensation, and Employee Benefits$8,726,129
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$7,899,239--$7,899,239
Benefits to Members$6,829,796--$6,829,796
Interest$4,751,549--$4,751,549
Other Salaries and Wages$4,312,912--$4,312,912
Other Expenses$2,271,872--$2,271,872
Other Employee Benefits$2,028,525--$2,028,525
Current Officers, Directors, Trustees, and Key Employees$1,292,089--$1,292,089
Pension Plan Contributions$730,391--$730,391
Payroll Taxes$362,212--$362,212
All Other Expenses$-255,826--$-255,826
Total Functional Expenses$97,434,140$0$0$97,434,140

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$97,434,140
Expenses per Audited Statements$90,604,344
Total Expenses per Audited Statements$90,604,344
Expenses Not Reported on Financial Statements$6,829,796
Other Expense Adjustments$6,829,796
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$3,683,246
Unclaimed Capital Credits$1,699,890
Consumer Deposits$1,267,006
Accum Prov for Pension & Benefits$127,906
Accrued Interest Payable$6,319
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 35% controlled entity
No
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
2021-09-28
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
54

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 6,829,796 membership fees 10,310 capital credit retirements -2,151,171 total 4,688,935”

Financial Statement Notes

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

“Patronage capital credits 6,829,796”

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9CEO & GEN. M
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP OF ENGIN
IRS990/Form990PartVIISectionAGrp/TitleTxt11MGR OF OPERA
IRS990/Form990PartVIISectionAGrp/TitleTxt12GENERAL COUN
IRS990/Form990PartVIISectionAGrp/TitleTxt13MGR OF CYBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MGR OF ENGIN
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IRS990/FormationYr01940
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IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossRentsGrp/RealAmt0383652
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt019
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt04751549
IRS990/InterestGrp/TotalAmt04751549
IRS990/InventoriesForSaleOrUseGrp/BOYAmt03709978
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03696620
IRS990/InvestmentIncomeGrp/ExclusionAmt0170748
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0170748
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt023386142
IRS990/InvestmentsProgramRelatedGrp/EOYAmt025218137
IRS990/IRPDocumentCnt097
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt076805481
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0204088426
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0216339907
IRS990/LandBldgEquipCostOrOtherBssAmt0293145388
IRS990/LegalDomicileStateCd0NC
IRS990/LessRentalExpensesGrp/RealAmt0349085
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt093949989
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/BOYAmt0116092512
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0122927408
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IRS990/NetAssetsOrFundBalancesEOYAmt0105886170
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt034567
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt034567
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03724
IRS990/OtherAssetsTotalGrp/EOYAmt03714
IRS990/OtherChangesInNetAssetsAmt04688935
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02028525
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02028525
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1CONSUMER ACCOUNTS
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION MAINTENANCE
IRS990/OtherExpensesGrp/Desc3ADMIN. & GENERAL EXP.
IRS990/OtherExpensesGrp/ProgramServicesAmt061612976
IRS990/OtherExpensesGrp/ProgramServicesAmt13140012
IRS990/OtherExpensesGrp/ProgramServicesAmt22458393
IRS990/OtherExpensesGrp/ProgramServicesAmt32271872
IRS990/OtherExpensesGrp/TotalAmt061612976
IRS990/OtherExpensesGrp/TotalAmt13140012
IRS990/OtherExpensesGrp/TotalAmt22458393
IRS990/OtherExpensesGrp/TotalAmt32271872
IRS990/OtherLiabilitiesGrp/BOYAmt08713750
IRS990/OtherLiabilitiesGrp/EOYAmt06784367
IRS990/OtherRevenueMiscGrp/BusinessCd0221000
IRS990/OtherRevenueMiscGrp/Desc0SUBSIDIARY INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0-37867
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-37867
IRS990/OtherRevenueTotalAmt0-37867
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04312912
IRS990/OtherSalariesAndWagesGrp/TotalAmt04312912
IRS990/OtherSourcesGrossIncomeAmt01417199
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02145801
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01853405
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0362212
IRS990/PayrollTaxesGrp/TotalAmt0362212
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0730391
IRS990/PensionPlanContributionsGrp/TotalAmt0730391
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0838599
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0640231
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/ExclusionAmt0166256
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt093949989
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13150447
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt093949989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13150447
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2166256
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt09513336
IRS990/PYInvestmentIncomeAmt0155823
IRS990/PYOtherExpensesAmt081969053
IRS990/PYOtherRevenueAmt016370
IRS990/PYProgramServiceRevenueAmt0100183023
IRS990/PYSalariesCompEmpBnftPaidAmt08872827
IRS990/PYTotalExpensesAmt0100355216
IRS990/PYTotalRevenueAmt0100355216
IRS990/ReconcilationRevenueExpnssAmt00
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt034567
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0101197235
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0105886170
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt07982882
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05550507
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013533389
IRS990ScheduleD/EquipmentGrp/BookValueAmt0203550594
IRS990ScheduleD/EquipmentGrp/DepreciationAmt071254974
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0274805568
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt06829796
IRS990ScheduleD/ExpensesSubtotalAmt090604344
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt016589479
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12868460
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt21810961
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt31703480
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4989280
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5601148
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6344569
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt7310760
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PATRONAGE CAPITAL NCEMC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1PATRONAGE CAPITAL CFC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2OTHER INVESTMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3PATRONAGE CAPITAL TEMA
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4NRUCFC CTC'S
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/BookValueAmt04806431
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04806431
IRS990ScheduleD/OtherExpensesNotIncludedAmt06829796
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03683246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11699890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21267006
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3127906
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt46319
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER DEFERRED CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1UNCLAIMED CAPITAL CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CONSUMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCUM PROV FOR PENSION & BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt097434140
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PATRONAGE CAPITAL CREDITS 6,829,796
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0216339907
IRS990ScheduleD/TotalBookValueProgramRltdAmt025218137
IRS990ScheduleD/TotalExpensesPerForm990Amt097434140
IRS990ScheduleD/TotalLiabilityAmt06784367
IRS990ScheduleD/TotalRevenuePerForm990Amt097434140
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt097434140
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt090604344
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0498626
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1228705
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2136447
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3235511
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4124062
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt5143866
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount089329
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount147005
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount22372
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount353737
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount422880
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount525329
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt045628
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt046568
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt126029
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt238067
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt325661
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt413934
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt512559
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022577
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt129952

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$260,399,357
Liabilities
$154,513,187
Net assets
$105,886,170
Revenue
$97,434,140
Expenses
$97,434,140
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