Overview
What is North Plains Electric Cooperative Inc?
North Plains Electric Cooperative Inc is a nonprofit organization headquartered in Perryton, Texas. With a team of 54 employees, they provide electric energy to their members on a cooperative basis, allocating patronage capital. Their core mission is to exceed member expectations by delivering safe and reliable electric service in an economically and environmentally responsible manner. At the end of the year, there were 7,211 active services in operation.
Official website here: www.npec.org
Is North Plains Electric Cooperative Inc legitimate?
North Plains Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. North Plains 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: $688,129
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,659,825
For more financial information, click here
Official website here: www.npec.org
What is the mission statement of North Plains Electric Cooperative Inc?
North Plains Electric Cooperative Inc is dedicated to delivering quality and reliable electric service to its members at a cooperative cost. Their mission goes beyond just providing electricity, as they strive to exceed member expectations. They prioritize safety and reliability in their operations, ensuring the electrical service they provide is economically and environmentally responsible. The cooperative manages patronage capital, which is allocated to its members. At the end of the year, there were 7,211 active services being provided by the cooperative.
Official website here: www.npec.org
What is the revenue of North Plains Electric Cooperative Inc?
North Plains Electric Cooperative Inc's revenue in 2023 was $44,304,467.
Official website here: www.npec.org
Who are the executives of North Plains Electric Cooperative Inc and what are their salaries?
The average compensation at North Plains Electric Cooperative Inc during 2023 was $41,928. There are 56 employees at North Plains Electric Cooperative Inc.
Here are 14 key members and their salaries:
- Compensation: $35,429
- Related: $0
- Other: $0
- Compensation: $32,195
- Related: $0
- Other: $0
- Compensation: $32,133
- Related: $0
- Other: $0
- Compensation: $31,595
- Related: $0
- Other: $0
- Compensation: $30,995
- Related: $0
- Other: $0
- Compensation: $30,795
- Related: $0
- Other: $0
- Compensation: $31,595
- Related: $0
- Other: $0
- Compensation: $31,533
- Related: $0
- Other: $0
- Compensation: $30,333
- Related: $0
- Other: $0
- Compensation: $231,206
- Related: $0
- Other: $50,103
- Compensation: $108,979
- Related: $0
- Other: $11,238
- Compensation: $104,643
- Related: $0
- Other: $38,246
- Compensation: $100,639
- Related: $0
- Other: $38,337
- Compensation: $116,589
- Related: $0
- Other: $46,179
Official website here: www.npec.org
Where can I find the form 990 for North Plains Electric Cooperative Inc?
North Plains Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.npec.org
Learn more at the official website: www.npec.org
Mission Statement of North Plains Electric Cooperative Inc
North Plains Electric Cooperative Inc, a cooperative electric utility, is committed to delivering high-quality and reliable electric service to its members at cost-effective prices. The organization's core mission goes beyond just providing electricity; it strives to exceed member expectations by ensuring safe and dependable energy supply in an economically and environmentally responsible manner.
At the heart of North Plains Electric Cooperative's operations is the allocation of patronage capital to its members. This unique business model empowers the cooperative to reinvest profits into the community, enabling it to maintain and upgrade infrastructure while keeping costs reasonable for its members. With 7,211 active services at the end of the year, the cooperative has successfully provided essential electric energy to its members on a cooperative basis.
North Plains Electric Cooperative is dedicated to delivering electricity in a manner that prioritizes the safety and well-being of its members. By providing a reliable and uninterrupted electric supply, the cooperative helps ensure that its members can lead comfortable and efficient lives. Furthermore, the cooperative's commitment to environmental stewardship is reflected in its efforts to minimize its carbon footprint and explore renewable energy solutions. By focusing on both economic and environmental sustainability, North Plains Electric Cooperative sets itself apart as a responsible and forward-thinking energy provider.
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Impact
October, 2024
North Plains Electric Cooperative Inc. significantly impacts its community by providing quality and reliable electric service to its members in Perryton, Texas. With 7,211 active services, the cooperative ensures that electricity is delivered efficiently and cost-effectively, adhering to a cooperative model that allocates patronage capital directly back to its members.
The cooperative prioritizes safety and reliability, striving to exceed member expectations while committing to economically and environmentally responsible practices. By focusing on member needs and sustainable solutions, North Plains Electric Cooperative not only enhances the quality of life for its users but also contributes positively to the local economy and environment, reinforcing its role as a vital community resource.
This information is meant to be a general summary of North Plains 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: $517,375
- Program Service Revenue: $43,712,481
- Gross Receipts: $44,312,811
Assets and Liabilities:
- Total Assets: $118,894,294
- Total Liabilities: $60,296,435
- Net Assets: $58,597,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$37,958,765
PATRONAGE DIVIDENDS RECEIVED
Revenue
$5,624,156
OTHER PROGRAM REVENUE
Revenue
$101,483
SERVICE FEES
Revenue
$28,077
Organization Details
Founding Year
1944
Principal Officer
Randy Mahannah
Website
www.npec.orgNTEE Category
Code: W80 - Public benefit
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