EIN 56-0435549

Union Power Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
150
City
Year formed
1939
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Union Power Cooperative is an electric distribution cooperative headquartered in Monroe, North Carolina. They serve more than 74,000 member accounts in Union, Stanly, Cabarrus, Mecklenburg and Rowan counties. The Cooperative is a not-for-profit organization incorporated in 1939. Union Power Cooperative's mission is to enhance the quality of life of their members and the communities they serve by delivering on their promise to provide safe, reliable electric power and energy services with exceptional value.
Also known as...
Union Electric Membership Corporation
Total revenues
$183,252,830
2023
Total expenses
$183,391,522
2023
Total assets
$493,152,133
2023
Num. employees
150
2023

Program areas at Union Power Cooperative

Safe and effective distribution of electricity to the members of Union emc. The corporation's three largest program services, as measured by expenses are as follows: cost of Power 111,922,497 depreciation expense 15,544,719 salaries 12,903,327

Grants made by Union Power Cooperative

GranteeGrant descriptionAmount
Tillery Compassionate CareGeneral Support$9,034

Who funds Union Power Cooperative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
North Carolina Electric Membership CorporationEducational Assistance$14,605

Personnel at Union Power Cooperative

NameTitleCompensation
Theresa BlackwellVice President Finance and Acctg$297,430
Carrie StroudVice President Comms and Marketing / Vice President Comms and M / Vice President - Communications and Marketing / Vice President Comm and Marketing$190,785
Jeremy BlackVice President Info Services / Vice President Info Serv / Manager of Information Systems / Manager of Info / Manager Information Systems$200,248
Luanne SherronVice President Accts and Government Rel. / Vice President Accts and G / Vice President - Key Accounts and Government Relations / Vice President Key Accts and Government$145,430
Gregory S AndressExecutive Vice President Vice President and General Manager / Executive Vice President and General MG / Executive Vice President and General Manager / Assistant General Manager$678,194
...and 10 more key personnel

Financials for Union Power Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$179,777,646
Investment income and dividends$2,060,103
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$424,402
Net gain from sale of non-inventory assets$47,196
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$943,483
Total revenues$183,252,830

Form 990s for Union Power Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-17990View PDF
2022-122023-11-09990View PDF
2021-122022-10-06990View PDF
2020-122021-10-07990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s

Organizations like Union Power Cooperative

OrganizationLocationRevenue
South Texas Electric CooperativeNursery, TX$742,444,236
Taylor County Rural Electric Cooperative CorporationCampbellsville, KY$62,598,372
Consumers PowerPhilomath, OR$47,215,867
Coserv ElectricCorinth, TX$826,144,853
South Kentucky Rural Electric Cooperative CorporationSomerset, KY$153,526,188
Clark County Rural Electric Membership CorporationSellersburg, IN$71,631,326
Flathead Electric CooperativeKalispell, MT$127,226,185
Duck River Electric Membership CorporationShelbyville, TN$235,445,434
Georgia Transmission CorporationTucker, GA$419,312,319
Grayson-Collin Electric CooperativeVan Alstyne, TX$205,305,170
Data update history
October 23, 2024
Used new vendors
Identified 2 new vendors, including , and
October 3, 2024
Updated personnel
Identified 2 new personnel
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 31, 2023
Used new vendors
Identified 2 new vendors, including , and
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 5014
Monroe, NC 28111
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Union County, NC
Website URL
union-power.com/ 
Phone
(704) 289-3145
Facebook page
UnionPowerCooperative 
Twitter profile
@unionpowercoop 
IRS details
EIN
56-0435549
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1939
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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