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Nonprofiteer
← CENTRAL POWER ELECTRIC COOP INC

Form 990 for tax year 2025

Filed by CENTRAL POWER ELECTRIC COOP INC.

Totals

Total revenue
$204,731,346
Total expenses
$193,355,577
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$196,667,549
Investment income
$78,652
Other revenue
$7,985,145
Total assets, end of year
$537,543,464
Total liabilities, end of year
$366,361,851
Net assets or fund balances, end of year
$171,181,613
Program services expenses (Part IX)
$193,355,577
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$193,355,577

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Electricity Sales to Members

    total $180,369,677 · related or exempt $180,369,677 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Transmission Revenues - SPP

    total $11,876,063 · related or exempt $11,876,063 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Transmission Revenues - Leases

    total $2,973,072 · related or exempt $2,973,072 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Other Electric Revenues

    total $1,448,737 · related or exempt $1,448,737 · unrelated business $0 · excluded $0

  • 2e · Program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $78,652 · related or exempt $78,652 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Patronage Allocations & Capital

    total $7,985,145 · related or exempt $7,985,145 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $7,985,145

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $11,195,376 · program services $11,195,376 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $11,470,308 · program services $11,470,308 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Cost of Power

    total $156,464,253 · program services $156,464,253 · management and general $0 · fundraising $0

  • 24b · Other expenses: Transmission Operations & Maintenance

    total $7,357,648 · program services $7,357,648 · management and general $0 · fundraising $0

  • 24c · Other expenses: Distribution Operations & Maintenance

    total $3,801,095 · program services $3,801,095 · management and general $0 · fundraising $0

  • 24d · Other expenses: Administrative & General

    total $2,813,025 · program services $2,813,025 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $253,872 · program services $253,872 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $246,648 · end of year $209,860

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $17,176,586 · end of year $20,044,136

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $217,000 · end of year $217,000

  • 8 · Inventories for sale or use

    beginning of year $27,096,627 · end of year $29,649,905

  • 9 · Prepaid expenses and deferred charges

    beginning of year $568,194 · end of year $642,857

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

    $479,717,085

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

    $121,077,768

  • 10c · Land, buildings and equipment, net

    beginning of year $337,779,817 · end of year $358,639,317

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $127,429,463 · end of year $128,140,389

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,945,943 · end of year $16,723,739

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,000,000 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $317,942,067 · end of year $333,513,954

  • 24 · Unsecured notes and loans payable

    beginning of year $5,617,000 · end of year $12,617,000

  • 25 · Other liabilities

    beginning of year $3,110,806 · end of year $3,507,158

  • 27 · Net assets without donor restrictions

    beginning of year $163,898,519 · end of year $171,181,613

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2025

Mission

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.

Activities or mission (Part I)

Providing wholesale all-requirements electric service to our six member rural electric cooperatives in North Dakota.

  • Providing wholesale all-requirements electric service to our six member rural electric cooperatives in North Dakota.

    Expenses $193,355,577 · Revenue $204,652,694

As filed on the 2025 return.

Listed in Part VII

  • Mark Brehm

    President

    Total calculated
    $22,000
    From this org
    $22,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Jean Brandt

    Vice President

    Total calculated
    $23,100
    From this org
    $23,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Robert Wolf

    Secretary Treasurer

    Total calculated
    $13,500
    From this org
    $13,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kim Rasmussen

    Director

    Total calculated
    $13,200
    From this org
    $13,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Troy Presser

    Director

    Total calculated
    $13,900
    From this org
    $13,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • David Charles

    Director

    Total calculated
    $22,300
    From this org
    $22,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Clint Gjellstad

    Director

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Arden Fuher

    Director

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $6,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $6,000

  • Thomas Meland

    General Manager

    Total calculated
    $989,835
    From this org
    $846,596
    From related orgs
    $0
    Other
    $143,239
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $505,035
    Bonus
    $0
    Other
    $341,561
    Deferred
    $115,730
    Nontaxable benefits
    $32,169
    Filer's total
    $994,495

  • Michael Kossan

    CFO Manager of Accounting and Finance

    Total calculated
    $438,711
    From this org
    $308,770
    From related orgs
    $0
    Other
    $129,941
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $308,770
    Bonus
    $0
    Other
    $0
    Deferred
    $102,432
    Nontaxable benefits
    $30,937
    Filer's total
    $442,139

  • Mark Sherman

    Manager of Operations and Engineering

    Total calculated
    $466,973
    From this org
    $330,236
    From related orgs
    $0
    Other
    $136,737
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,236
    Bonus
    $0
    Other
    $0
    Deferred
    $109,228
    Nontaxable benefits
    $31,072
    Filer's total
    $470,536

  • Ryan Callahan

    Chief Transmission Engineer

    Total calculated
    $318,059
    From this org
    $217,978
    From related orgs
    $0
    Other
    $100,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,978
    Bonus
    $0
    Other
    $0
    Deferred
    $72,572
    Nontaxable benefits
    $30,085
    Filer's total
    $320,635

  • Dennis Olson

    Chief Substation Engineer

    Total calculated
    $285,361
    From this org
    $216,057
    From related orgs
    $0
    Other
    $69,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,057
    Bonus
    $0
    Other
    $0
    Deferred
    $69,304
    Nontaxable benefits
    $2,466
    Filer's total
    $287,827

  • Todd Ahmann

    Network Administrator

    Total calculated
    $297,855
    From this org
    $203,102
    From related orgs
    $0
    Other
    $94,753
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,102
    Bonus
    $0
    Other
    $0
    Deferred
    $67,244
    Nontaxable benefits
    $29,895
    Filer's total
    $300,241

  • Kenneth Haugen

    Operations Superintendent

    Total calculated
    $291,623
    From this org
    $198,974
    From related orgs
    $0
    Other
    $92,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,974
    Bonus
    $0
    Other
    $0
    Deferred
    $65,141
    Nontaxable benefits
    $29,824
    Filer's total
    $293,939

  • Randy Brunner

    Substation Engineer

    Total calculated
    $284,196
    From this org
    $191,706
    From related orgs
    $0
    Other
    $92,490
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,706
    Bonus
    $0
    Other
    $0
    Deferred
    $64,981
    Nontaxable benefits
    $29,821
    Filer's total
    $286,508

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I Line 4b
| Name :, Title:, Item Selected:, Amount:| Thomas Meland, 340000|

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
2025
Filed
27 April 2026
IRS schema version
2025v4.0
Source object
202621179349300302

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