Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1966.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
18 people listed on the 990; $1.7M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Mitchell Keel | — | — | — | $482,593 | $453,067 |
| Mitchell L Keel | — | $200,000 | $453,437 | — | — |
| Donald L Gatton | $316,783 | $342,886 | $246,665 | — | — |
| Gary W Chitwood | $242,668 | $211,907 | $197,692 | — | — |
| Gregg a Cohn | $204,073 | $179,983 | $182,669 | $167,528 | $154,239 |
| Gary Chitwood | — | — | — | $180,383 | $167,221 |
| Don Gatton | — | — | — | $178,856 | $117,936 |
| Franklin S Cook | $157,742 | $150,751 | $132,376 | $125,310 | $122,479 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Delivers reliable electricity, innovative energy solutions, and outstanding service to members and communities.
Questions for Four County Electric Membership Corp
Your first name shows with your question. Four County Electric Membership Corp answers here, for everyone.
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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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.8M | $10.7M |
| InvestmentsLn 11–13 | $31.6M | $33.7M |
| Land, buildings, equipmentLn 10c | $195.8M | $211.1M |
| Total assetsLn 16 | $265.7M | $275.4M |
| LiabilitiesLn 26 | $160.0M | $166.8M |
| Net assetsLn 32 | $105.7M | $108.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $1.6M | |||
| Pay of disqualified personsLn 6 | $1.5M | |||
| Other salaries and wagesLn 7 | $904K | |||
| Other employee benefitsLn 9 | $285K | |||
| Accounting feesLn 11c | $459K | |||
| Office expensesLn 13 | $453K | |||
| InterestLn 20 | $5.1M | |||
| Depreciation, depletion and amortizationLn 22 | $8.6M | |||
| InsuranceLn 23 | $100K | |||
| Other expenses (24a–d)Ln 24 | $85.0M | |||
| All other expensesLn 24e | $4.7M | |||
| Total functional expensesLn 25 | $108.5M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $115.0M | $108.5M | $6.5M | $108.5M | 990 PDF |
| FY2023 | $109.3M | $102.5M | $6.8M | $105.7M | 990 PDF |
| FY2022 | $108.9M | $101.2M | $7.7M | $102.7M | 990 PDF |
| FY2021 | $103.7M | $98.2M | $5.4M | $94.9M | 990 PDF |
| FY2020 | $98.4M | $94.6M | $3.8M | $91.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $114,987,385 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $114,987,385 across 3 lines filed
Part IX · Statement of functional expenses $108,532,189 across 11 lines filed
Part X · Balance sheet $275,386,094 assets, 13 lines filed
Part XI · Reconciliation of net assets $108,538,126 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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