Northern Plains Electric Cooperative
- Assets
- $149.9m
- Revenue
- $44.9m
- Investments
- $13.4k
- Employees
- 46
- Location
- Carrington, ND
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 45-0447121
Organization Overview
Northern Plains Electric Cooperative is located in Carrington, ND. The organization was established in 1997. 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 12/2023, Northern Plains Electric Cooperative employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Plains Electric Cooperative 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 12/2023, Northern Plains Electric Cooperative generated $44.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $45.6m during the year ending 12/2023. While expenses have increased by 1.0% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SALE OF ELECTRICITY TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELECTRICAL SERVICE FOR APPROXIMATELY 8,195 MEMBERS. IN 2023 THERE WERE 6,666 MILES OF TOTAL LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracy Boe President | Trustee | 7 | $15,069 |
Curtis Wiesz Vice President | Trustee | 6 | $17,294 |
Randy Simon Secretary/treasurer | Trustee | 6 | $16,434 |
David Teigen Asst Secretary/treasurer | Trustee | 6 | $12,554 |
Mark Brehm Director | Trustee | 6 | $12,605 |
Curtis Hanson Director | Trustee | 6 | $12,436 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Integrity Contracting Inc Line Maintenance & Construction | 12/30/23 | $602,810 |
Legacy Power Line Inc Line Maintenance & Construction | 12/30/23 | $505,953 |
Exo Group Parent Llc Pole Testing | 12/30/23 | $117,141 |
Summit Utility Services Llc Line Locating Services | 12/30/23 | $119,681 |
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 | $41,213,368 |
| Investment income | $648,256 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,039 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,894,140 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,107,034 |
| Compensation of current officers, directors, key employees. | $709,905 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,146,482 |
| Pension plan accruals and contributions | $956,142 |
| Other employee benefits | $890,264 |
| Payroll taxes | $345,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,075,453 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,928,467 |
| Insurance | $0 |
| All other expenses | -$6,620,935 |
| Total functional expenses | $45,587,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $619,964 |
| Savings and temporary cash investments | $8,378,355 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,235,121 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,815,932 |
| Prepaid expenses and deferred charges | $335,390 |
| Net Land, buildings, and equipment | $94,681,342 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $13,396 |
| Investments—program-related | $35,780,927 |
| Intangible assets | $0 |
| Other assets | $3,365 |
| Total assets | $149,863,792 |
| Accounts payable and accrued expenses | $4,039,705 |
| Grants payable | $0 |
| Deferred revenue | $8,000,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,071 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $73,400,144 |
| Unsecured mortgages and notes payable | $1,000,000 |
| Other liabilities | $1,672,232 |
| Total liabilities | $88,115,152 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $61,748,640 |
| Total liabilities and net assets/fund balances | $149,863,792 |