Northern Plains Electric Cooperative
- Assets
- $137.4m
- Revenue
- $41.9m
- Investments
- $29.4k
- Employees
- 46
- Location
- Carrington, ND
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 45-0447121
Organization Overview
Northern Plains Electric Cooperative is located in Carrington, ND. The organization was established in 1997. 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, Northern Plains Electric Cooperative employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Plains Electric Cooperative 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, Northern Plains Electric Cooperative generated $41.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $40.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SALE OF ELECTRICITY TO MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELECTRICAL SERVICE FOR APPROXIMATELY 8,185 MEMBERS. IN 2021 THERE WERE 6,682 MILES OF TOTAL LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Seth Syverson Manager | Officer | 40 | $215,763 |
Cheryl Belle Business Manager | Officer | 40 | $150,088 |
Scott Buchholtz Manager Of Information Tec | 40 | $138,383 | |
Ashten Dewald Manager Of Engineering/ope | 40 | $115,915 | |
Danny Schuchard Operating Supervisor | 40 | $112,464 | |
Shannon Peterson Line Foreman | 40 | $110,995 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Legacy Power Line Inc Line Maintenance & Construction | 12/30/21 | $277,880 |
Integrity Contracting Inc Line Maintenance & Construction | 12/30/21 | $152,926 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,129,200 |
| 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 | $1,129,200 |
| Total Program Service Revenue | $38,811,980 |
| Investment income | $363,884 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $82,210 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$3,492 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,884,973 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,158,677 |
| Compensation of current officers, directors, key employees. | $691,980 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,954,499 |
| Pension plan accruals and contributions | $1,042,640 |
| Other employee benefits | $846,404 |
| Payroll taxes | $317,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,203,107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,480,367 |
| Insurance | $0 |
| All other expenses | -$6,485,816 |
| Total functional expenses | $40,803,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,548,751 |
| Savings and temporary cash investments | $11,827,170 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,959,391 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,429,840 |
| Prepaid expenses and deferred charges | $571,614 |
| Net Land, buildings, and equipment | $86,160,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $29,392 |
| Investments—program-related | $29,840,559 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $137,367,234 |
| Accounts payable and accrued expenses | $3,617,339 |
| Grants payable | $0 |
| Deferred revenue | $6,500,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,073 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $70,469,624 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $713,583 |
| Total liabilities | $81,303,619 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $56,063,615 |
| Total liabilities and net assets/fund balances | $137,367,234 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nodak Electric Cooperative Inc Grand Forks, ND | $162,149,817 | $119,843,322 |
Wright-Hennepin Cooperative Electric Association Rockford, MN | $233,547,306 | $112,957,716 |
Minnesota Valley Electric Cooperative Jordan, MN | $225,562,606 | $97,633,848 |
Sioux Valley-Southwestern Electric Cooperative Inc Colman, SD | $299,619,509 | $95,033,427 |
Lake Country Power Cohasset, MN | $343,138,601 | $92,478,659 |
Crow Wing Cooperative Power & Light Company Brainerd, MN | $238,884,299 | $79,431,443 |
Roughrider Electric Cooperative Inc Hazen, ND | $306,147,341 | $78,571,891 |
Mienergy Cooperative Rushford, MN | $203,461,309 | $76,660,548 |
Stearns Cooperative Electric Association Melrose, MN | $153,957,017 | $65,381,947 |
Beltrami Electric Cooperative Bemidji, MN | $132,948,143 | $58,653,821 |
Lake Region Electric Cooperative Pelican Rapids, MN | $144,282,112 | $56,997,078 |
Verendrye Electric Cooperative Inc Velva, ND | $164,038,117 | $53,998,395 |