Overview
What is Nodak Electric Cooperative Inc?
Nodak Electric Cooperative Inc is a nonprofit organization based in Grand Forks, North Dakota. With a team of 68 employees, they serve over 20,000 accounts in Northeastern North Dakota. Their primary mission is to provide electricity to rural communities in the region. As a cooperative, they aim to keep power costs affordable and accessible for their members. The cooperative's impact extends beyond just electricity, contributing to the local economy and improving the quality of life for residents in the area.
Official website here: www.nodakelectric.com
What are the reviews and ratings of this charity?
Nodak Electric Cooperative Inc is not currently rated by Charity Navigator because it lacks the necessary beacon scores related to Accountability & Finance and Impact & Measurement. The absence of a rating does not imply any particular strengths or weaknesses, but rather reflects its status as a non-501(c)(3) organization, which is outside of Charity Navigator's evaluative scope.
The Cooperative's historical ratings were limited to an aspect similar to today's Accountability and Finance score, indicating prior focus on fiscal transparency. However, additional aspects such as Leadership & Adaptability and Culture & Community are not available for review, highlighting a lack of comprehensive assessment data for stakeholders.
As Nodak Electric Cooperative is independent and unaffiliated, it functions autonomously, providing some assurance of managerial self-direction. Despite this, critical financial and leadership information is missing, limiting a full understanding of its operations and effectiveness. This status makes informed comparisons with 501(c)(3) organizations challenging for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Nodak Electric Cooperative Inc legitimate?
Nodak Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Nodak Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nodakelectric.com
What is the mission statement of Nodak Electric Cooperative Inc?
Nodak Electric Cooperative Inc is a rural electric cooperative that serves over 20,000 accounts in Northeastern North Dakota. Their primary mission is to provide electricity to the community. The cooperative strives to keep the cost of power affordable for its members, maintaining a strong commitment to serving the electrical needs of the region. By delivering reliable power, Nodak Electric Cooperative aims to contribute positively to the quality of life and economic growth of the communities it serves. Additionally, the cooperative may engage in various initiatives to support the regional development and promote energy efficiency.
Official website here: www.nodakelectric.com
Who is the CEO of Nodak Electric Cooperative Inc?
Thomas Edwards is the Principal Officer of Nodak Electric Cooperative Inc. The CEO's salary of Nodak Electric Cooperative Inc is $289,228 and their total compensation is $361,691.
Official website here: www.nodakelectric.com
What is the revenue of Nodak Electric Cooperative Inc?
Nodak Electric Cooperative Inc's revenue in 2022 was $144,951,964.
Official website here: www.nodakelectric.com
Who are the executives of Nodak Electric Cooperative Inc and what are their salaries?
There are 68 employees at Nodak Electric Cooperative Inc.
Here are 14 key members and their salaries (Nodak Electric Cooperative Inc's CEO's salary is $289,228 and their total compensation is $361,691):
- Compensation: $289,228
- Related: $0
- Other: $72,463
- Compensation: $175,777
- Related: $0
- Other: $65,341
- Compensation: $146,826
- Related: $0
- Other: $67,366
- Compensation: $140,095
- Related: $0
- Other: $66,284
- Compensation: $147,669
- Related: $0
- Other: $57,013
- Compensation: $19,350
- Related: $0
- Other: $0
- Compensation: $18,300
- Related: $0
- Other: $0
- Compensation: $15,900
- Related: $0
- Other: $0
- Compensation: $14,250
- Related: $0
- Other: $0
- Compensation: $14,250
- Related: $0
- Other: $0
- Compensation: $14,150
- Related: $0
- Other: $0
- Compensation: $14,100
- Related: $0
- Other: $0
- Compensation: $12,600
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
Official website here: www.nodakelectric.com
Where can I find the form 990 for Nodak Electric Cooperative Inc?
Nodak Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nodakelectric.com
Learn more at the official website: www.nodakelectric.com
Mission Statement of Nodak Electric Cooperative Inc
Nodak Electric Cooperative Inc, a rural electric cooperative, is on a mission to serve over 20,000 accounts in Northeastern North Dakota. This cooperative is dedicated to providing electricity to the community, investing in their power needs. With a strong commitment to its members, Nodak Electric Cooperative strives to ensure reliable and affordable energy for all.
The cooperative's efforts go beyond just electricity provision. It is an essential player in the rural Northeastern North Dakota community, supplying the region with power to support homes, businesses, and essential services. Nodak Electric Cooperative's mission is to ensure a stable energy infrastructure for its members, enabling them to thrive and grow in their daily lives.
The cooperative's unwavering dedication to its members is demonstrated through its constant investment in power infrastructure and operational excellence. By staying at the forefront of technological advancements and energy efficiency, Nodak Electric Cooperative is able to provide its members with cost-effective electricity, ensuring a better quality of life for all. In doing so, the cooperative not only meets the electricity needs of its community but also fosters a vibrant and connected rural community in Northeastern North Dakota.
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Impact
October, 2024
Nodak Electric Cooperative Inc plays a vital role in providing reliable electricity to over 20,000 accounts in Northeastern North Dakota. The cooperative focuses on delivering essential power services to rural communities, ensuring that residents and businesses have access to energy critical for daily life and economic growth. By maintaining a strong commitment to its mission, Nodak Electric contributes to the stability and development of the region, facilitating better living conditions and promoting public benefit. Its operations directly support the local economy, enhancing opportunities for residents while fostering a sustainable energy future in the area.
This information is meant to be a general summary of Nodak Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $232,065
- Program Service Revenue: $142,542,213
- Gross Receipts: $145,011,431
Assets and Liabilities:
- Total Assets: $167,870,496
- Total Liabilities: $99,541,317
- Net Assets: $68,329,179
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electric Revenue
Revenue
$141,637,490
Penalty Revenue
Revenue
$108,008
AFB Revenue
Revenue
$796,715
Organization Details
Founding Year
1939
Phone
(701) 746-4461Principal Officer
Thomas Edwards
Main Address
4000 32nd Ave S, Grand Forks, ND, 58201
Website
www.nodakelectric.comNTEE Category
Code: W80 - Public benefit
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