Mckenzie Electric Cooperative Inc

Mckenzie Electric Cooperative Inc Overview

Mckenzie Electric Cooperative Inc is located in Watford City, ND. The organization was established in 1961. 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 12/2018, Mckenzie Electric Cooperative Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckenzie 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 12/2019, Mckenzie Electric Cooperative Inc generated $335.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $335.9m during the year ending 12/2019. While expenses have increased by 13.9% 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

THE TAX-EXEMPT PURPOSE OF THE ORGANIZATION IS TO DELIVER ELECTRICITY TO ITS MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COOPERATIVE DELIVERS ELECTRIC ENERGY TO MEMBERS.


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Mckenzie Electric Cooperative Inc Board, Officers & Key Employees

Name (title)Compensation
John Skurupey
CEO
$259,738
Gary Highley
COO
$166,157
Steven Lautenschlager
Contractor Management
$130,696
Jamie Cross
Business Manager
$128,394
Karl Aaker
Manager Of Engineering Ser
$127,077
James Hansen
Operations Manager
$119,983

Mckenzie Electric Cooperative Inc Vendors

Vendor Name (Service)Compensation
Highmark Erectors Inc
Line Construction
$4,252,365
Badlands Electric Inc
Line Construction
$4,277,488
4t Construction Inc
Line Construction
$3,501,781
Bt Mills
Line Construction
$3,478,549
Mountain Plains Llc
Staking Services
$2,752,778
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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $1,677,862
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,256
Net Gain/Loss on Asset Sales -$14,511
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $335,917,669

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