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Organizations Central Power Electric Cooperative Inc

Central Power Electric Cooperative Inc

Fiscal year ending 2021. Filed on April 29, 2022.

525 20th Ave SW
Minot, North Dakota 58701

Central Power Electric Cooperative Inc (EIN: 45-0226179) has filed an IRS Form 990 between fiscal years 2019 and 2023. In its fiscal year 2021 IRS Form 990 filing, Central Power Electric Cooperative Inc, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 66 total employees. Among the employees shown here, the average compensation is $314,260. The highest compensated employee at Central Power Electric Cooperative Inc is Thomas L Meland with fiscal year 2021 compensation of $563,082.

Revenue, expenses, and employee compensation

Revenue

$167,780,988

Expenses

$160,170,418

Employee compensation

$0
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Thomas L Meland
General Manager
$563,082
$414,716 No related comp$148,366
Mark A Sherman
Manager of Operations Engineering
$378,560
$272,225 No related comp$106,335
Michael J Kossan
Manager of Accounting Finance
$347,055
$253,098 No related comp$93,957
Ryan C Callahan
Chief Transmission Engineer
$263,329
$183,364 No related comp$79,965
Dennis M Olson
Chief Substation Engineer
$254,397
$177,364 No related comp$77,033
Kenneth L Haugen
Operations Superintendent
$242,536
$167,854 No related comp$74,682
Todd T Ahmann
Network Administrator
$240,258
$164,765 No related comp$75,493
Richard M Koenig
Lineman Foreman
$224,866
$163,844 No related comp$61,022

Benchmark Employee Compensation

Non-Employee Board Members

Jean Brandt
Director
$20,350
$20,350 No related compNo other comp
Arden Fuher
Director
$19,850
$19,850 No related compNo other comp
Mark Brehm
President
$18,950
$18,950 No related compNo other comp
Sheri Haugen-Hoffart
Secretary and Treasurer
$17,850
$17,850 No related compNo other comp
Robert Wolf
Vice President
$15,250
$15,250 No related compNo other comp
Troy Presser
Director
$14,050
$14,050 No related compNo other comp

Contractors

Synergy Powerline Construction Inc
Line Construction Contractor
$2,492,042
Widseth Smith Nolting and Association
Line Design Consultant
$708,026
Mmi Excavation LLC
General Contractor
$471,251
Leska Inc
Foundation Contractor
$429,460
Hdr Engineering Inc.
Consulting Engineer
$331,006

Mission Statement

To assist our member systems to become electric suppliers of choice by serving as a leading and unifying force among our membership providing reliable economical and efficient electric supply and performing those functions that can most efficiently be provided as a united effort.

Revisions to this organization profile

May 10, 2024:
2023 Central Power Electric Cooperative Inc 990 filed
April 24, 2023:
2022 Central Power Electric Cooperative Inc 990 filed
April 29, 2022:
2021 Central Power Electric Cooperative Inc 990 filed

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