Central Power Electric Coop Inc

Organization Overview

Central Power Electric Coop Inc is located in Minot, ND. The organization was established in 1957. 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, Central Power Electric Coop Inc employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Power Electric Coop 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, Central Power Electric Coop Inc generated $167.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $160.2m during the year ending 12/2021. While expenses have increased by 1.7% 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

SEE SCHEDULE O

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING WHOLESALE ALL-REQUIREMENTS ELECTRIC SERVICE TO OUR SIX MEMBER RURAL ELECTRIC COOPERATIVES IN NORTH DAKOTA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mmi Excavation Llc
General Contractor
$471,251
Synergy Powerline Construction Inc
Line Construction Contractor
$2,492,042
Leska Inc
Foundation Contractor
$429,460
Widseth Smith Nolting And Assoc
Line Design Consultant
$708,026
Hdr Engineering Inc
Consulting Engineer
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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$163,015,342
Investment income $13,136
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 $0
Miscellaneous Revenue$0
Total Revenue $167,780,988

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