Overview
What is Capital Electric Cooperative Inc?
Capital Electric Cooperative Inc, based in Bismarck, North Dakota (PO Box 730), is a dedicated cooperative that provides electric power to its member consumers. With a team of 43 employees, this nonprofit organization serves as a trusted energy provider and partner in the community. Its mission is to ensure the delivery of safe, reliable, and efficient electricity at a reasonable cost to all member-owners. Capital Electric Cooperative takes pride in its commitment to the community and its members, striving for their satisfaction and energy needs.
Official website here: www.capitalelec.com
Is Capital Electric Cooperative Inc legitimate?
Capital Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Capital 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: $456,230
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.capitalelec.com
What is the mission statement of Capital Electric Cooperative Inc?
Capital Electric Cooperative Inc serves as a trusted energy provider and partner to its community and member-owners. The cooperative is dedicated to delivering safe, reliable, and efficient electric power at a reasonable cost to all its member-owners. As an electrical distribution cooperative, Capital Electric Cooperative supplies electric power to its consumer members. Its mission prioritizes the provision of essential energy services while ensuring affordability for those it serves. By focusing on the needs of its member-owners, Capital Electric Cooperative aims to build a strong and sustainable energy community.
Official website here: www.capitalelec.com
Who is the CEO of Capital Electric Cooperative Inc?
Paul Fitterer is the General Manager of Capital Electric Cooperative Inc.
Official website here: www.capitalelec.com
What is the revenue of Capital Electric Cooperative Inc?
Capital Electric Cooperative Inc's revenue in 2022 was $48,164,166.
Official website here: www.capitalelec.com
Who are the executives of Capital Electric Cooperative Inc and what are their salaries?
The average compensation at Capital Electric Cooperative Inc during 2022 was $10,610. There are 43 employees at Capital Electric Cooperative Inc.
Here are 19 key members and their salaries:
- Compensation: $21,775
- Related: $0
- Other: $0
- Compensation: $12,575
- Related: $0
- Other: $0
- Compensation: $7,750
- Related: $0
- Other: $0
- Compensation: $12,800
- Related: $0
- Other: $0
- Compensation: $8,175
- Related: $0
- Other: $0
- Compensation: $8,525
- Related: $0
- Other: $0
- Compensation: $7,125
- Related: $0
- Other: $0
- Compensation: $8,350
- Related: $0
- Other: $0
- Compensation: $6,125
- Related: $0
- Other: $0
- Compensation: $3,850
- Related: $0
- Other: $0
- Compensation: $3,625
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $215,507
- Related: $0
- Other: $183,959
- Compensation: $139,048
- Related: $0
- Other: $62,429
- Compensation: $126,134
- Related: $0
- Other: $57,935
- Compensation: $124,728
- Related: $0
- Other: $43,843
- Compensation: $117,458
- Related: $0
- Other: $57,117
- Compensation: $116,901
- Related: $0
- Other: $27,773
- Compensation: $112,521
- Related: $0
- Other: $11,642
Official website here: www.capitalelec.com
Where can I find the form 990 for Capital Electric Cooperative Inc?
Capital Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.capitalelec.com
Learn more at the official website: www.capitalelec.com
Mission Statement of Capital Electric Cooperative Inc
Capital Electric Cooperative Inc, a trusted energy provider and partner to its community and member-owners, is dedicated to delivering safe, reliable, and efficient electric power at a reasonable cost. The cooperative takes pride in its commitment to ensuring that every member-owner has access to high-quality electric services.
Capital Electric Cooperative Inc serves as more than just an electrical distributor. Its mission goes beyond providing electricity; it strives to build a strong relationship with its members based on trust and collaboration. By focusing on safety, reliability, and efficiency, the cooperative aims to create a sustainable energy infrastructure that meets the diverse needs of its members.
As a cooperative, Capital Electric Cooperative Inc is owned and controlled by its members. This unique business model allows the cooperative to prioritize the interests of its members above all else. By being attuned to the needs of its community, the cooperative can adapt to the changing energy landscape and provide innovative solutions that cater to the evolving demands of its members. In doing so, Capital Electric Cooperative Inc continues to strengthen its position as a trusted energy partner in the community.
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Impact
October, 2024
Capital Electric Cooperative Inc significantly impacts the Bismarck community and its member-owners by serving as a trusted energy provider and partner. By supplying electric power through a reliable distribution system, the cooperative plays a crucial role in ensuring that residents have access to safe and efficient electricity. This commitment not only ensures a dependable power supply but also supports the economic and social well-being of the community.
The cooperative's mission emphasizes delivering reliable electric power at reasonable costs, which directly benefits members by helping to keep energy expenses manageable. Moreover, Capital Electric Cooperative fosters a sense of community and collaboration among its member-owners by prioritizing their needs and working to enhance the overall quality of life in the area. By focusing on public benefit, the cooperative strengthens local relationships and promotes sustainable energy practices, contributing to a brighter future for Bismarck and its surrounding regions.
This information is meant to be a general summary of Capital 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: $2,531,776
- Program Service Revenue: $41,931,931
- Gross Receipts: $48,695,832
Assets and Liabilities:
- Total Assets: $145,742,846
- Total Liabilities: $88,651,844
- Net Assets: $57,091,002
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATING REVENUE/PATRONAGE
Revenue
$41,838,303
OTHER REVENUE
Revenue
$93,628
Organization Details
Founding Year
1945
Phone
(701) 223-1513Principal Officer
Paul Fitterer
Main Address
PO BOX 730, BISMARCK, ND, 585020730
Website
www.capitalelec.comNTEE Category
Code: W80 - Public benefit
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