Nodak Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 450172533 ✦ Grand forks, ND ✦ Designated as a 501(c)(12)

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

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 not tax deductible.

Here 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):

    Mylo Einarson (President/Ceo)
  • Compensation: $289,228
  • Related: $0
  • Other: $72,463

    • Steve Breidenbach (Engineering Manager)
  • Compensation: $175,777
  • Related: $0
  • Other: $65,341

    • Tom Edwards (Accounting And Finance Manager)
  • Compensation: $146,826
  • Related: $0
  • Other: $67,366

    • Blaine Rekken (Customer And Energy Services Manager)
  • Compensation: $140,095
  • Related: $0
  • Other: $66,284

    • Dan Schaefer (Line Superintendant)
  • Compensation: $147,669
  • Related: $0
  • Other: $57,013

    • David Brag (Secretary Treasurer) [Trustee/Director]
  • Compensation: $19,350
  • Related: $0
  • Other: $0

    • Luther Meberg (Director)
  • Compensation: $18,300
  • Related: $0
  • Other: $0

    • David Hagert (Director)
  • Compensation: $15,900
  • Related: $0
  • Other: $0

    • Steve Smaaladen (Chairman) [Trustee/Director]
  • Compensation: $14,250
  • Related: $0
  • Other: $0

    • Cheryl Osowski (Director)
  • Compensation: $14,250
  • Related: $0
  • Other: $0

    • Pete Naastad (Director)
  • Compensation: $14,150
  • Related: $0
  • Other: $0

    • Ryan Benson (Director)
  • Compensation: $14,100
  • Related: $0
  • Other: $0

    • Les Windjue (Director)
  • Compensation: $12,600
  • Related: $0
  • Other: $0

    • David Kent (Vice Chairman) [Trustee/Director]
  • 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?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Nodak Electric Cooperative Inc plays a crucial role in providing electricity to over 20,000 accounts in Northeastern North Dakota. By ensuring a reliable source of power to these rural areas, Nodak Electric Cooperative Inc contributes to the economic development, quality of life, and overall well-being of the communities it serves. Its impact is felt in powering homes, businesses, and farms, enabling growth and prosperity in a region that relies on affordable and dependable electricity services.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Thomas Edwards

    Main Address

    4000 32nd Ave S, Grand Forks, ND, 58201

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Nodak Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.