Mckenzie Electric Cooperative Inc

Organization Overview

Mckenzie Electric Cooperative Inc is located in Watford City, ND. The organization was established in 1961. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Mckenzie Electric Cooperative Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckenzie Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Mckenzie Electric Cooperative Inc generated $372.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $372.0m during the year ending 12/2021. While expenses have increased by 11.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE TAX-EXEMPT PURPOSE OF THE ORGANIZATION IS TO DELIVER ELECTRICITY TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COOPERATIVE DELIVERS ELECTRIC ENERGY TO MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
John Skurupey
CEO
$289,707
Matt Hanson
COO
$187,853
Karl Aaker
Manager Of Engineering Ser
$149,453
Jamie Cross
Business Manager
$146,909
Steven Lautenschlager
Contractor Management
$142,525
James Hansen
Operations Manager
$131,698

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Badlands Electric Inc
Line Construction
$3,437,932
4t Construction Inc
Line Construction
$3,201,204
Mountain Plains Llc
Civil Engineering
$2,779,792
Stoel Rives Llp
Legal Services
$2,768,973
Ulteig Engineers Inc
Engineering
$1,207,617
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$359,526,757
Investment income $348,406
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$7,256
Net Gain/Loss on Asset Sales $3,697
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $371,972,199

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