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Nonprofiteer
← NORTHERN PLAINS ELECTRIC COOPERATIVE

Form 990 for tax year 2022

Filed by NORTHERN PLAINS ELECTRIC COOPERATIVE.

Totals

Total revenue
$45,511,655
Total expenses
$45,002,927
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$41,977,179
Investment income
$264,675
Other revenue
$3,269,801
Total assets, end of year
$140,788,745
Total liabilities, end of year
$81,250,344
Net assets or fund balances, end of year
$59,538,401
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALE OF ELECTRICITY

    total $41,977,179 · related or exempt $41,977,179

  • 3 · Investment income

    total $238,243 · excluded $238,243

  • 7a · Gross sales of assets other than inventory

    other assets $31,421

  • 7b · Less cost or other basis and sales expenses

    other assets $4,989

  • 7c · Gain or loss

    other assets $26,432

  • 7d · Net gain or loss

    total $26,432 · excluded $26,432

  • 10a · Gross sales of inventory

    $103,263

  • 10b · Cost of goods sold

    $92,425

  • 10c · Net income from sales of inventory

    total $10,838 · unrelated business $10,838

  • 11a · Other revenue: CAPITAL CREDITS

    total $3,033,675 · related or exempt $3,033,675

  • 11b · Other revenue: SERVICE AGREEMENT

    total $225,000 · related or exempt $225,000

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $288 · related or exempt $288

  • 11e · Other revenue, total

    $3,258,963

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,936,735

  • 5 · Compensation of officers, directors and key employees

    total $716,321

  • 7 · Other salaries and wages

    total $4,036,803

  • 8 · Pension plan contributions

    total $1,082,216

  • 9 · Other employee benefits

    total $849,056

  • 10 · Payroll taxes

    total $336,694

  • 20 · Interest

    total $2,093,848

  • 22 · Depreciation, depletion and amortization

    total $4,599,336

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $26,879,661

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $4,466,420

  • 24c · Other expenses: ADIMINISTRATIVE AND GEN

    total $1,996,952

  • 24d · Other expenses: CONSUMER EXPENSE

    total $638,385

  • 24e · All other expenses

    total -$6,629,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,548,751 · end of year $1,685,507

  • 2 · Savings and temporary cash investments

    beginning of year $11,827,170 · end of year $11,575,834

  • 4 · Accounts receivable

    beginning of year $3,959,391 · end of year $4,522,573

  • 8 · Inventories for sale or use

    beginning of year $2,429,840 · end of year $3,053,308

  • 9 · Prepaid expenses and deferred charges

    beginning of year $571,614 · end of year $338,070

  • 10a · Land, buildings and equipment: cost or other basis

    $153,840,993

  • 10b · Land, buildings and equipment: accumulated depreciation

    $66,381,412

  • 10c · Land, buildings and equipment, net

    beginning of year $86,160,517 · end of year $87,459,581

  • 12 · Investments: other securities

    beginning of year $29,392 · end of year $13,396

  • 13 · Investments: program-related

    beginning of year $29,840,559 · end of year $32,123,541

  • 15 · Other assets

    beginning of year $0 · end of year $16,935

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,617,339 · end of year $3,759,271

  • 19 · Deferred revenue

    beginning of year $6,500,000 · end of year $6,500,000

  • 21 · Escrow or custodial account liability

    beginning of year $3,073 · end of year $3,056

  • 23 · Secured mortgages and notes payable

    beginning of year $70,469,624 · end of year $69,955,197

  • 25 · Other liabilities

    beginning of year $713,583 · end of year $1,032,820

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $56,063,615 · end of year $59,538,401

Mission and programs · 2022

Mission

NORTHERN PLAINS WILL DELIVER DEPENDABLE ELECTRIC POWER AND ENERGY AT FAIR AND REASONABLE PRICES. WE WILL DELIVER AN EXTENDED RANGE OF CONVENIENT CUSTOMER SUPPORT SERVICES, COMPLEMENTARY TO OUR CORE ELECTRIC AND ENERGY BUSINESS. AND WE WILL PROVIDE TECHNICAL ASSISTANCE, FINANCIAL TOOLS AND HUMAN RESOURCES THAT FOSTER COMMUNITY DEVELOPMENT.

Activities or mission (Part I)

SALE OF ELECTRICITY TO MEMBERS

  • TO PROVIDE ELECTRICAL SERVICE FOR APPROXIMATELY 8,185 MEMBERS. IN 2022 THERE WERE 6,685 MILES OF TOTAL LINE.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tracy Boe

    PRESIDENT

    Total calculated
    $14,761
    From this org
    $14,761
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Curtis Wiesz

    VICE PRESIDENT

    Total calculated
    $15,811
    From this org
    $15,811
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Randy Simon

    SECRETARY/TREASURER

    Total calculated
    $16,261
    From this org
    $16,261
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • David Teigen

    ASST SECRETARY/TREASURER

    Total calculated
    $13,386
    From this org
    $13,386
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Mark Brehm

    DIRECTOR

    Total calculated
    $12,336
    From this org
    $12,336
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Curtis Hanson

    DIRECTOR

    Total calculated
    $14,430
    From this org
    $14,430
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Bruce Olsen

    DIRECTOR

    Total calculated
    $12,486
    From this org
    $12,486
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Judy Geier

    DIRECTOR

    Total calculated
    $16,736
    From this org
    $16,736
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Lori Carlson

    DIRECTOR

    Total calculated
    $15,411
    From this org
    $15,411
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Cheryl Belle

    BUSINESS MANAGER

    Total calculated
    $264,582
    From this org
    $154,858
    From related orgs
    $0
    Other
    $109,724
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,622
    Bonus
    $0
    Other
    $2,236
    Deferred
    $78,090
    Nontaxable benefits
    $31,634
    Filer's total
    $264,582

  • Seth Syverson

    MANAGER

    Total calculated
    $336,650
    From this org
    $221,545
    From related orgs
    $0
    Other
    $115,105
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,631
    Bonus
    $0
    Other
    $914
    Deferred
    $85,192
    Nontaxable benefits
    $29,913
    Filer's total
    $336,650

  • Scott Buchholtz

    MANAGER OF INFORMATION TEC

    Total calculated
    $178,749
    From this org
    $142,510
    From related orgs
    $0
    Other
    $36,239
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,453
    Bonus
    $0
    Other
    $3,057
    Deferred
    $6,052
    Nontaxable benefits
    $30,187
    Filer's total
    $178,749

  • Ashten Dewald

    MANAGER OF ENGINEERING/OPE

    Total calculated
    $180,546
    From this org
    $119,849
    From related orgs
    $0
    Other
    $60,697
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,511
    Bonus
    $0
    Other
    $338
    Deferred
    $26,739
    Nontaxable benefits
    $33,958
    Filer's total
    $180,546

  • Joshua Cabler

    OPERATION MANAGER

    Total calculated
    $186,119
    From this org
    $108,959
    From related orgs
    $0
    Other
    $77,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,644
    Bonus
    $0
    Other
    $315
    Deferred
    $45,235
    Nontaxable benefits
    $31,925
    Filer's total
    $186,119

  • Shannon Petersen

    FOREMAN

    Total calculated
    $193,055
    From this org
    $136,132
    From related orgs
    $0
    Other
    $56,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,849
    Bonus
    $0
    Other
    $283
    Deferred
    $22,999
    Nontaxable benefits
    $33,924
    Filer's total
    $193,055

  • Stan Piersen

    FOREMAN

    Total calculated
    $188,915
    From this org
    $128,689
    From related orgs
    $0
    Other
    $60,226
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,650
    Bonus
    $0
    Other
    $4,039
    Deferred
    $47,825
    Nontaxable benefits
    $12,401
    Filer's total
    $188,915

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II:
INCLUDED IN SCHEDULE J, PART II, COLUMN "C", DEFERRED COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. FOR THE FOLLOWING INDIVIDUAL, THE ESTIMATED INCREASE IS: CHERYL BELLE: $71,424 SETH SYVERSON: $75,743 ASHTEN DEWALD: $21,363 SCOTT BUCHHOLTZ: $0 JOSHUA CABLER: $40,409 STAN PIERSON: $43,350 SHANNON PETERSEN: $18,523 THIS AMOUNT IS AN ESTIMATE IN THE INCREASE OF THE VALUE OF THE PLAN AND IS NOT A CURRENT YEAR EXPENSE OF THE COOPERATIVE. CURRENT YEAR CONTRIBUTIONS INTO THE DEFINED BENEFIT PLAN WERE: CHERYL BELLE: $53,962 SETH SYVERSON: $76,676 ASHTEN DEWALD: $31,630 SCOTT BUCHHOLTZ: $0 JOSHUA CABLER: $36,374 STAN PIERSON: $36,374 SHANNON PETERSEN: $21,212

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
31 August 2023
IRS schema version
2022v5.0
Source object
202332499349300728

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