North Central Electric Association
- Assets
- $33.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, MN
- Founding
- 08/1942
- Data as of
- 06/2022
- EIN
- 41-0445745
Organization Overview
North Central Electric Association is located in Bloomington, MN. The organization was established in 1942. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Central Electric Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, North Central Electric Association generated $140.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $153.2k during the year ending 06/2022. While expenses have increased by 4.0% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL MEETINGS AND CONFERENCES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Rogelstad President | 0 | $0 | |
Abby Andvik Secretary/treasurer | 10 | $0 | |
Jim Larsen Vice President | 0 | $0 | |
Brian Bird Director | 0 | $0 | |
Greg Chamberlain Director | 0 | $0 | |
Nicole Kivisto Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $43,238 |
| Membership dues | $96,987 |
| Investment income | $21 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $140,246 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,911 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $660 |
| Other expenses | $150,579 |
| Total expenses | $153,150 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,646 |
| Other assets | $0 |
| Total assets | $33,646 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,646 |