Nonprofit · EIN 56-0227152
FOUR COUNTY ELECTRIC MEMBERSHIP CORP
Tax-exempt · BURGAW, NC 28425
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $114,987,385 | $108,532,189 | $6,455,196 | $275,386,094 | $166,847,968 | $108,538,126 |
| December 31, 2023 | 990 | $109,316,259 | $102,478,548 | $6,837,711 | $265,679,857 | $160,023,297 | $105,656,560 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $114,062,153
- Investment income
- $925,232
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,604,088
- Other salaries and wages
- $904,421
- Salaries, compensation and benefits (total)
- $2,647,080
- Professional fundraising fees
- $0
- Accounting fees
- $458,740
- Depreciation
- $8,587,782
Balance sheet and other
- Total assets, start of year
- $265,679,857
- Total assets, end of year
- $275,386,094
- Total liabilities, end of year
- $166,847,968
- Net assets, end of year
- $108,538,126
- Land, buildings and equipment
- $211,097,977
- Gross receipts
- $114,987,385
- Employees
- 115
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD L GATTON | CHIEF EXECUTIVE OFFICER Officer | 40 | $316,783 | $213,649 |
| GREGG A COHN | VICE PRESIDENT ENGINEERING Officer | 40 | $204,073 | $84,146 |
| GARY W CHITWOOD | CHIEF FINANCIAL OFFICER Officer | 40 | $242,668 | $5,329 |
| FRANKLIN S COOK | VICE PRESIDENT OPERATIONS Officer | 40 | $157,742 | $49,458 |
| JENNIFER M HEDGE | VICE PRESIDENT HUMAN RESOURCES Officer | 40 | $139,480 | $41,014 |
| GREGORY S SAGER | VICE PRESIDENT MEMBER SERVICES Officer | 40 | $143,503 | $34,734 |
| ANTHONY A KENT | VICE PRESIDENT INFORMATION TECHNOLOGY Officer | 40 | $128,287 | $40,171 |
| CHARLES E REYNOLDS | VICE PRESIDENT OF FINANCE AND ACCOUNTING Officer | 40 | $124,640 | $16,284 |
| CLAYTON HOLLINGSWORTH | BOARD DIRECTOR Trustee or director | 8.75 | $24,016 | $0 |
| KENNETH THORNTON | BOARD VICE PRESIDENT Trustee or director, Officer | 7.5 | $23,366 | $0 |
| GENE JORDAN | BOARD SECRETARY/TREASURER Trustee or director, Officer | 7 | $22,716 | $0 |
| MARY ROSE | BOARD DIRECTOR Trustee or director | 6.75 | $22,716 | $0 |
| FRANKLIN WILLIAMS | BOARD PRESIDENT Trustee or director, Officer | 5.75 | $21,091 | $0 |
| STEVE MATTHIS | BOARD DIRECTOR Trustee or director | 4.25 | $19,466 | $0 |
| ARLESTER FULLWOOD | BOARD DIRECTOR Trustee or director | 4.75 | $18,816 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERTICE LANIER | BOARD DIRECTOR Trustee or director | 2.75 | $18,816 |
| RONALD J ALLEN | BOARD DIRECTOR Trustee or director | 5.25 | $18,816 |
| CARLTON RAYNOR | BOARD DIRECTOR Trustee or director | 4.25 | $18,166 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DONALD L GATTON | CHIEF EXECUTIVE OFFICER Officer | 40 | $342,886 | $170,833 |
| GREGG A COHN | VICE PRESIDENT ENGINEERING Officer | 40 | $179,983 | $75,534 |
| GARY W CHITWOOD | CHIEF FINANCIAL OFFICER Officer | 40 | $211,907 | $19,622 |
| ROBERT W KATALINIC JR | 1ST CLASS LINE WORKER Highest-paid employee | 40 | $155,295 | $62,577 |
| WILLIAM J ROUSE | GENERAL ACCOUNTING SUPV Highest-paid employee | 40 | $136,097 | $72,549 |
| MITCHELL L KEEL | CHIEF EXECUTIVE OFFICER (RETIRED) Officer | 40 | $200,000 | $0 |
| FRANKLIN S COOK | VICE PRESIDENT OPERATIONS Officer | 40 | $150,751 | $42,969 |
| ANTHONY A KENT | VICE PRESIDENT INFORMATION TECHNOLOGY Officer | 40 | $134,672 | $37,249 |
| JENNIFER M HEDGE | VICE PRESIDENT HUMAN RESOURCES Officer | 40 | $132,283 | $38,636 |
| GREGORY S SAGER | VICE PRESIDENT MEMBER SERVICES Officer | 40 | $136,080 | $33,672 |
| LINWOOD D KEA JR | 1ST CLASS LINE WORKER Highest-paid employee | 40 | $129,599 | $33,103 |
| NORMAN W RICH | OPERATIONS SUPERVISOR Highest-paid employee | 40 | $126,921 | $13,045 |
| ANTHONY M RAYNOR | DISTRICT STAKING TECHNICIAN Highest-paid employee | 40 | $133,345 | $4,537 |
| KENNETH THORNTON | BOARD VICE PRESIDENT Trustee or director, Officer | 8.5 | $25,209 | $0 |
| FRANKLIN WILLIAMS | BOARD PRESIDENT Trustee or director, Officer | 7.25 | $24,559 | $0 |
| CLAYTON HOLLINGSWORTH | BOARD DIRECTOR Trustee or director | 9 | $24,559 | $0 |
| S EUGENE JORDAN | BOARD SECRETARY/TREASURER Trustee or director, Officer | 7.75 | $24,234 | $0 |
| ARLESTER FULLWOOD | BOARD DIRECTOR Trustee or director | 5.25 | $23,259 | $0 |
| RONALD J ALLEN | BOARD DIRECTOR Trustee or director | 6 | $20,334 | $0 |
| JOHN STEVEN MATTHIS | BOARD DIRECTOR Trustee or director | 4.25 | $19,684 | $0 |
| E CARLTON RAYNOR | BOARD DIRECTOR Trustee or director | 4 | $19,359 | $0 |
| BERTICE LANIER | BOARD DIRECTOR Trustee or director | 3.5 | $17,484 | $0 |
| RW BLANCHARD JR | BOARD DIRECTOR Trustee or director | 1.75 | $11,432 | $0 |
| MARY ROSE | BOARD DIRECTOR Trustee or director | 2 | $6,627 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX, BURGAW, NC 28425-0000
- Principal officer (990 for 2024)
- DON GATTON, PO BOX 667, BURGAW, NC 284250667
- Signed the 990
- DON GATTON, CHIEF EXECUTIVE OFFICER
- Phone
- (910) 259-2171
- Website
- WWW.FOURCTY.ORG
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
TO PROVIDE HIGHLY RELIABLE ELECTRIC SERVICES, INNOVATIVE ENERGY SOLUTIONS AND OUTSTANDING SERVICE TO OUR MEMBERS AND COMMUNITIES.
Program accomplishments
- FOUR COUNTY ELECTRIC IS A NOT-FOR-PROFIT ELECTRIC COOPERATIVE OWNED BY THE PEOPLE IT SERVES. AS A HOMETOWN UTILITY, FOUR COUNTY IS COMMITTED TO PROVIDING SAFE, RELIABLE AND AFFORDABLE ENERGY TO ITS MORE THAN 32,000 COMMERCIAL AND RESIDENTIAL MEMBER-OWNERS IN SIX NORTH CAROLINA COUNTIES, INCLUDING BLADEN, DUPLIN, PENDER, SAMPSON, COLUMBUS AND ONSLOW COUNTIES. TODAY, MORE THAN 5,000 MILES OF OVERHEAD, UNDERGROUND, AND TRANSMISSION LINES PROVIDE RELIABLE ELECTRIC SERVICE TO OVER 32,000 SERVICES WHICH INCLUDE RESIDENCES, FARMS, BUSINESSES, INDUSTRIES, CHURCHES, AND SCHOOLS.Expenses $108,532,189 · revenue $113,705,753
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-0227152
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1966
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $275,386,094
- Income (IRS master file)
- $114,987,385
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $114,987,385 | $108,532,189 | $275,386,094 | XML |
| 990 | December 2023 | $109,316,259 | $102,478,548 | $265,679,857 | XML |
| 990 | December 2022 | $108,859,188 | $101,159,650 | $237,668,720 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-0227152).
Questions about FOUR COUNTY ELECTRIC MEMBERSHIP CORP
- What is the EIN of FOUR COUNTY ELECTRIC MEMBERSHIP CORP?
- The employer identification number (EIN) of FOUR COUNTY ELECTRIC MEMBERSHIP CORP is 56-0227152.
- Is FOUR COUNTY ELECTRIC MEMBERSHIP CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1966.
- Are donations to FOUR COUNTY ELECTRIC MEMBERSHIP CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FOUR COUNTY ELECTRIC MEMBERSHIP CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUR COUNTY ELECTRIC MEMBERSHIP CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUR COUNTY ELECTRIC MEMBERSHIP CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FOUR COUNTY ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2024 names DON GATTON.
- Who are the officers and directors of FOUR COUNTY ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $316,783 (DONALD L GATTON, CHIEF EXECUTIVE OFFICER).
- How much revenue does FOUR COUNTY ELECTRIC MEMBERSHIP CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $114,987,385, expenses of $108,532,189 and total assets of $275,386,094 at year end.
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