Capital Electric Cooperative Inc

Organization Overview

Capital Electric Cooperative Inc is located in Bismarck, ND. The organization was established in 1949. 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, Capital Electric Cooperative Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital 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, Capital Electric Cooperative Inc generated $42.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $42.1m during the year ending 12/2021. While expenses have increased by 4.0% 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

CAPITAL ELECTRIC COOPERATIVE SERVES OUR COMMUNITY AND MEMBER-OWNERS AS THEIR TRUSTED ENERGY PROVIDER AND PARTNER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE ARE AN ELECTRICAL DISTRIBUTION COOPERATIVE SUPPLYING ELECTRIC POWER TO OUR MEMBER CONSUMERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
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Verizon
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $907,595
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$907,595
Total Program Service Revenue$39,046,970
Investment income $101,473
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $533,435
Net Gain/Loss on Asset Sales $23,587
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$6,801
Miscellaneous Revenue$0
Total Revenue $42,124,624

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Capital Electric Cooperative Inc has recieved totaling $12,187.

Awarding OrganizationAmount
National Rural Utilities Cooperative Finance Corp

Dulles, VA

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$12,187
View Grant Recipient Profile

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