Central Power Electric Coop Inc

Central Power Electric Coop Inc 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 12/2019, Central Power Electric Coop Inc employed 63 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 12/2019, Central Power Electric Coop Inc generated $178.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $170.1m during the year ending 12/2019. While expenses have increased by 3.6% 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

TO ASSIST OUR MEMBER SYSTEMS TO BECOME ELECTRIC SUPPLIERS OF CHOICE BY SERVING AS A LEADING & UNIFYING FORCE AMONG OUR MEMBERSHIP, PROVIDING RELIABLE, ECONOMICAL AND EFFICIENT ELECTRIC SUPPLY, AND PERFORMING THOSE FUNCTIONS THAT CAN MOST EFFICIENTLY BE PROVIDED AS A UNITED EFFORT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ELECTRICITY TO SIX RURAL ELECTRIC DISTRIBUTION COOPERATIVES IN NORTH DAKOTA.


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Central Power Electric Coop Inc Vendors

Vendor Name (Service)Compensation
Primoris T&d Services Llc
Line Contractor
$2,313,465
Embloms Midwest Powerline Construction Inc
Line Contractor
$2,221,917
Veit & Company Inc
Foundation Contractor
$902,500
Widseth Smith Nolting & Associates Inc
Line Design Consultant
$766,869
Northstar Steel Inc
Steel Building Contractor
$403,524
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$173,153,694
Investment income $21,655
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 $178,336,721

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