2024-05-01T14:33:59-07:00 2023-12-31 990 2023-01-01 450172533 NODAK ELECTRIC COOPERATIVE INC NODA 7017464461 4000 32nd Ave S Grand Forks ND 58201 Nodak Electric Cooperative Inc Acctg and finance mgr 7017464461 2024-04-16 Nodak Electric Coope Inc 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z Thomas Edwards 4000 32nd Ave S Grand Forks ND 58201 137715400 0 X www.nodakelectric.com X 1939 ND Rural Electric Cooperative serving 20,000+ accounts in Northeastern ND. 9 9 70 0 0 0 0 0 142542213 134448412 232065 1067287 2177686 2118230 144951964 137633929 0 0 3900223 3970602 0 0 0 0 0 137989645 131320541 141889868 135291143 3062096 2342786 167870496 171041522 99541317 100143341 68329179 70898181 Rural Electric Cooperative serving 20000+ accounts in Northeastern ND 0 0 113728272 0 137633929 Power cost expense to provide electricity to 20,000 accounts 4899421 0 137633929 Depreciation expense to provide electric service to 20,000 accounts 2295790 137633929 Interest expense to provide electric service to 20,000 accounts 14367660 0 137633929 Other program services to provide electric service to 20,000 accounts. 14367660 0 137633929 135291143 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 46 0 1 70 1 0 0 0 0 0 134448414 3185207 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 0 ND X Nodak Electric Cooperative Inc 7017464461 4000 32nd Ave S Grand Forks ND 58201 Mylo Einarson President/CEO 50 0 X 301859 0 78766 Tom Edwards Accounting and Finance Manager 40 0 X 155298 0 72960 Blaine Rekken Customer and Energy Services Manager 40 0 X 144555 0 70456 Dan Schaefer Line Superintendant 40 0 X 153633 0 60504 Steve Breidenbach Engineering Manager 40 0 X X 119289 0 51290 Cole Johnson Engineering Manager 40 0 X 119866 0 42527 David Brag Secretary Treasurer 4 0 X X 17850 0 0 Luther Meberg Chairman 12 0 X X 17550 0 0 Pete Naastad Director 4 0 X 15900 0 0 Steve Smaaladen Director 4 0 X 14100 0 0 Cheryl Osowski Director 12 0 X 13950 0 0 David Kent Director 10 0 X 13050 0 0 Ryan Benson Director 15 0 X 12750 0 0 Les Windjue Vice Chairman 5 0 X X 11700 0 0 David Hagert Director 3 0 X 11400 0 0 1122750 0 376503 5 1 1 0 North Plains Utility PO Box 299 Carrington ND 58421 Utility Contractor 669290 Arrow E Tree LLC 1006 Bremner Ave Bismarck ND 58503 Tree Contractor 346920 MVM Contracting 3350 35h Ave S Ste 1 Fargo ND 58104 Utility Contractor 210872 Dakota Tree Service PO Box 195 Devils Lake ND 58301 Tree Contractor 131025 Synergi Partners Inc PO Box 5599 Florence SC 29502 Contractor 110135 6 0 0 0 0 0 0 0 0 Electric Revenue 221122 133471239 133471239 0 0 AFB Revenue 900099 977173 977173 0 0 0 0 0 0 134448412 1067287 1067287 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 153265 81471 71794 71794 0 0 Other Capital Credits 221000 2046436 2046436 0 0 0 0 0 0 2046436 137633929 137633929 0 0 0 0 0 0 0 0 3970602 3970602 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2295790 2295790 0 0 113728272 113728272 0 0 4899421 4899421 0 0 0 0 0 0 10397058 10397058 0 0 135291143 135291143 0 0 14108978 10047568 13032265 13863000 0 0 10332589 11435230 0 0 0 0 560837 552231 3671557 5373302 0 0 186050714 74226834 109591005 111823880 0 0 0 0 16375281 17561393 0 0 197984 384918 167870496 171041522 10266321 10212495 0 0 0 0 0 0 0 0 0 0 80180774 79526144 0 0 9094222 10404702 99541317 100143341 X 0 0 0 0 68329179 70898181 68329179 70898181 167870496 171041522 2342786 0 0 0 226216 0 X 1 X 1 X 1 0 0 1006979 1006979 0 4700605 3343205 1357400 0 0 0 0 0 0 0 0 0 180343130 70883629 109459501 111823880 Minnkota Power Cooperative 13840192 F Various Patronage Allocations 3721201 F 17561393 0 Customer Deposits 1316850 Accrued Taxes 2241356 Other Accrued Liabilities 779879 Deferred Credits 6066617 10404702 X 137633929 0 0 0 0 0 137633929 0 0 0 137633929 135291143 0 0 0 0 0 135291143 0 0 0 135291143 Schedule D, Part X, Line 1 Deferred credits consist of customer energy prepayments, settlement processed and customer advances for construction. Schedule D, Part X, Line 2 Other accrued liabilities consists of payroll related liability, accrued interest, accrued vacation and PTO. 0 0 0 Mylo Einarson President/CEO 301859 0 0 0 0 0 56366 0 22400 0 380625 0 0 0 Steve Breidenbach Engineering Manager 119289 0 0 0 0 0 42705 0 8585 0 170579 0 0 0 Cole Johnson Engineering Manager 119866 0 0 0 0 0 21814 0 20713 0 162393 0 0 0 Tom Edwards Accounting and Finance Manager 155298 0 0 0 0 0 51676 0 21284 0 228258 0 0 0 Blaine Rekken Customer and Energy Services Manager 144555 0 0 0 0 0 49342 0 21114 0 215011 0 0 0 Dan Schaefer Line Superintendant 153633 0 0 0 0 0 49324 0 11180 0 214137 0 0 0 Form 990, Part VI, Section A, Line 6 The cooperative has voting members. Form 990, Part VI, Section A, Line 7a The cooperative currently has 15,187 voting members. Form 990, Part VI, Section A, Line 7b The members of the cooperative elect the governing body in the form of a director for each district; who serves a three year term. Form 990, Part VI, Section B, Line 11b A copy of the form 990 is made available to all directors. Questions are then answered concerning its completion. Form 990, Part VI, Section B, Line 12c Cooperative has a regular scheduled monthly meeting to review practices and policies along with an all member annual meeting. Form 990, Part VI, Section B, Line 15 NRECA salary survey used as a compensation tool. Form 990, Part VI, Section C, Line 19 Governing documents are available upon request, conflict of interest policies are reviewed annually and financial statements are provided on our annual report to the members. Nodak Electric Trust PO Box 13000 Grand Forks ND 58201 Charitable Trust ND 501C3 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 Nodak Electric Trust s 53940 Amount received through donations.