Nodak Electric Cooperative Inc

Nodak Electric Cooperative Inc Overview

Nodak Electric Cooperative Inc is located in Grand Forks, ND. 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. As of 12/2020, Nodak Electric Cooperative Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nodak 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 12/2020, Nodak Electric Cooperative Inc generated $104.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $101.3m during the year ending 12/2020. While expenses have increased by 1.7% 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

RURAL ELECTRIC COOPERATIVE SERVING 20,000+ ACCOUNTS IN NORTHEASTERN ND

Describe the Organization's Program Activity:

Part 3 - Line 4a

POWER COST EXPENSE TO PROVIDE ELECTRICITY TO 20,000 ACCOUNTS


DEPRECIATION EXPENSE TO PROVIDE ELECTRIC SERVICE TO 20,000 ACCOUNTS


INTEREST EXPENSE TO PROVIDE ELECTRIC SERVICE TO 20,000 ACCOUNTS


ALL OTHER EXPENSES OF THE COOPERATIVE TO PROVIDE ELECTRIC SERVICE TO 20,000 ACCOUNTS


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Nodak Electric Cooperative Inc Board, Officers & Key Employees

Nodak Electric Cooperative Inc Vendors

Vendor Name (Service)Compensation
North Plains Utility
Utility Contractor
$784,871
Aw Power
Tree Contractor
$378,498
Dakota Tree Service
Tree Contractor
$147,728
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$102,119,329
Investment income $226,854
Tax Exempt Bond Proceeds $0
Royalties $0
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 $18,474
Miscellaneous Revenue$0
Total Revenue $104,223,078

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