North Central Electric Cooperative Inc

Organization Overview

North Central Electric Cooperative Inc is located in Bottineau, ND. The organization was established in 1953. 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, North Central Electric Cooperative Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Central 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, North Central Electric Cooperative Inc generated $24.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $24.4m during the year ending 12/2021. While expenses have increased by 0.5% 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 EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE ELECTRICITY TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SALE OF ELECTRICITY AND ELECTRICAL SERVICES TO OVER 4,700 RESIDENTIAL AND COMMERCIAL MEMBERS. SERVICE ENCOMPASSES OVER 3,300 MILES OF UTILITY LINE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Central Trenching Inc
Trenching And Boring
$232,509
Parisien's Tree Service
Trimming Trees
$209,250
Dakota Tree Service Inc
Trimming Trees
$174,419
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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$24,317,482
Investment income $62,252
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $15,000
Net Gain/Loss on Asset Sales $21,180
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$34,239
Miscellaneous Revenue$0
Total Revenue $24,381,675

Grants Recieved

Over the last fiscal year, we have identified 1 grants that North Central Electric Cooperative Inc has recieved totaling $37,980.

Awarding OrganizationAmount
National Rural Utilities Cooperative Finance Corp

Dulles, VA

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$37,980
View Grant Recipient Profile

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