Overview
What is Central Power Electric Cooperative Inc?
Central Power Electric Cooperative Inc is a North Dakota-based nonprofit organization, specifically located at 525 20th Ave SW, Minot, North Dakota, 58701. Their primary mission revolves around providing wholesale all-requirements electric service to six member rural electric cooperatives in the state. With a dedicated workforce of 65 employees, Central Power Electric Cooperative plays a vital role in ensuring reliable electric service to its cooperative members. Their operations extend beyond just energy provision, as they collaborate closely with their rural electric cooperative partners in North Dakota.
Official website here: www.centralpwr.com
What are the reviews and ratings of this charity?
Central Power Electric Cooperative Inc is not currently rated by Charity Navigator due to its classification. The organization's lack of 501(c)(3) status, which is a requirement for evaluation, means it is not eligible for standard assessments in areas like accountability, finance, impact, and more.
Being an independent organization with no available revenue or expense data, it doesn't provide transparency typical of rated nonprofits. This absence of financial and key personnel data limits any comprehensive analysis of its operations through Charity Navigator's methodologies.
No user reviews from GreatNonprofits are available, thus lacking community feedback insights. The absence of both a formal rating and publicly shared reviews means potential supporters should conduct additional research to understand its operations and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Central Power Electric Cooperative Inc legitimate?
Central Power Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Central Power 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.centralpwr.com
What is the mission statement of Central Power Electric Cooperative Inc?
Central Power Electric Cooperative Inc serves the electrical needs of six rural electric cooperatives in North Dakota. Their primary role is to provide wholesale all-requirements electric service to these cooperatives. By doing so, they ensure the reliable delivery of electricity to their member cooperatives and the communities they serve. Central Power Electric Cooperative Inc's mission is geared towards meeting the electric demands of its cooperative members, fostering sustainable energy solutions and powering the development of rural communities in North Dakota. Through their dedicated efforts, they contribute significantly to enhancing the quality of life for people in these areas by addressing their electric needs effectively.
Official website here: www.centralpwr.com
What is the revenue of Central Power Electric Cooperative Inc?
Central Power Electric Cooperative Inc's revenue in 2023 was $188,214,649.
Official website here: www.centralpwr.com
Who are the executives of Central Power Electric Cooperative Inc and what are their salaries?
There are 68 employees at Central Power Electric Cooperative Inc.
Here are 16 key members and their salaries:
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $21,600
- Related: $0
- Other: $0
- Compensation: $14,000
- Related: $0
- Other: $0
- Compensation: $15,600
- Related: $0
- Other: $0
- Compensation: $22,400
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $9,600
- Related: $0
- Other: $0
- Compensation: $810,385
- Related: $0
- Other: $132,414
- Compensation: $279,516
- Related: $0
- Other: $109,109
- Compensation: $299,414
- Related: $0
- Other: $122,735
- Compensation: $198,667
- Related: $0
- Other: $90,982
- Compensation: $194,484
- Related: $0
- Other: $64,789
- Compensation: $183,203
- Related: $0
- Other: $85,461
- Compensation: $180,318
- Related: $0
- Other: $84,654
- Compensation: $176,461
- Related: $0
- Other: $83,534
- Compensation: $1,200
- Related: $0
- Other: $0
Official website here: www.centralpwr.com
Where can I find the form 990 for Central Power Electric Cooperative Inc?
Central Power Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.centralpwr.com
Learn more at the official website: www.centralpwr.com
Mission Statement of Central Power Electric Cooperative Inc
Central Power Electric Cooperative Inc, a crucial player in North Dakota's electric sector, is dedicated to supplying wholesale all-requirements electric service to its six member rural electric cooperatives. The organization's primary role is to ensure a steady and reliable electric supply for the communities it serves, enabling them to thrive and grow sustainably.
In essence, Central Power Electric Cooperative Inc acts as a power hub, supplying its cooperative members with the necessary electric requirements to meet their various needs. This collaborative approach is instrumental in ensuring that rural areas in North Dakota have access to reliable and affordable electric power, creating a foundation for economic development and improved living conditions.
Moreover, Central Power Electric Cooperative Inc's mission is grounded in the belief that a reliable electric supply is essential for the prosperity and well-being of rural communities. By providing wholesale all-requirements electric service, the cooperative empowers its member cooperatives to focus on delivering high-quality electric service to their end customers, ultimately enhancing the quality of life for thousands of North Dakotans.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Central Power Electric Cooperative Inc plays a crucial role in enhancing the electric service landscape in North Dakota by delivering wholesale all-requirements electric service to its six member rural electric cooperatives. This ensures reliable and efficient access to electricity for rural communities, promoting economic development and improving the quality of life for residents. By supporting its member cooperatives, Central Power helps to foster energy independence and sustainability in these regions, making significant contributions to public benefit and community well-being. Their focus on providing comprehensive electric services underscores a commitment to meeting the unique needs of rural areas, supporting both current and future energy demands.
This information is meant to be a general summary of Central Power 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 2023.
- Investment Income: $261,085
- Program Service Revenue: $175,594,334
- Gross Receipts: $188,214,649
Assets and Liabilities:
- Total Assets: $453,069,193
- Total Liabilities: $306,069,374
- Net Assets: $146,999,819
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electricity Sales to Members
Revenue
$159,889,436
Transmission Revenues - SPP
Revenue
$11,945,588
Transmission Revenues - Leases
Revenue
$2,388,230
Other Electric Revenues
Revenue
$1,371,080
Program 5
Revenue
$0
Organization Details
Founding Year
1949
Principal Officer
Thomas L Meland
Website
www.centralpwr.comNTEE Category
Code: W80 - Public benefit
If you are a representative of Central Power 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.