Minnkota Power Cooperative Inc

Minnkota Power Cooperative Inc Overview

Minnkota Power Cooperative Inc is located in Grand Forks, ND. The organization was established in 1943. 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 12/2019, Minnkota Power Cooperative Inc employed 445 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnkota Power 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 12/2019, Minnkota Power Cooperative Inc generated $402.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $390.5m during the year ending 12/2019. While expenses have increased by 1.0% per year over the past 5 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

MINNKOTA POWER COOPERATIVE IS A RURAL ELECTRIC COOPERATIVE THAT GENERATES AND TRANSMITS ELECTRIC POWER FOR OUR ELEVEN MEMBER COOPERATIVES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MINNKOTA POWER IS A RURAL ELECTRIC COOPERATIVE THAT GENERATES AND TRANSMITS ELECTRIC POWER.


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Minnkota Power Cooperative Inc Vendors

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$9,489,474
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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$393,471,100
Investment income $7,373,520
Tax Exempt Bond Proceeds $0
Royalties $1,351,734
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $402,196,354

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