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Nonprofiteer
← NORTHERN PLAINS ELECTRIC COOPERATIVE

Form 990 for tax year 2024

Filed by NORTHERN PLAINS ELECTRIC COOPERATIVE.

Totals

Total revenue
$48,339,790
Total expenses
$47,028,963
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$44,388,935
Investment income
$735,899
Other revenue
$3,214,956
Total assets, end of year
$154,716,456
Total liabilities, end of year
$89,237,862
Net assets or fund balances, end of year
$65,478,594
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 $44,388,935 · related or exempt $44,388,935

  • 3 · Investment income

    total $691,399 · excluded $691,399

  • 7a · Gross sales of assets other than inventory

    other assets $44,500

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

    other assets $0

  • 7c · Gain or loss

    other assets $44,500

  • 7d · Net gain or loss

    total $44,500 · excluded $44,500

  • 10a · Gross sales of inventory

    $30,604

  • 10b · Cost of goods sold

    $29,072

  • 10c · Net income from sales of inventory

    total $1,532 · unrelated business $1,532

  • 11a · Other revenue: CAPITAL CREDITS

    total $2,648,331 · related or exempt $2,648,331

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $340,093 · related or exempt $340,093

  • 11c · Other revenue: SERVICE AGREEMENT

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

  • 11e · Other revenue, total

    $3,213,424

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,664,228

  • 5 · Compensation of officers, directors and key employees

    total $743,821

  • 7 · Other salaries and wages

    total $4,402,009

  • 8 · Pension plan contributions

    total $1,022,839

  • 9 · Other employee benefits

    total $881,603

  • 10 · Payroll taxes

    total $370,352

  • 20 · Interest

    total $2,255,836

  • 22 · Depreciation, depletion and amortization

    total $5,118,139

  • 24a · Other expenses: COST OF PURCHASED POWER

    total $28,839,915

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $3,864,401

  • 24c · Other expenses: ADMINISTRATIVE AND GENE

    total $2,112,862

  • 24d · Other expenses: CONSUMER EXPENSE

    total $694,581

  • 24e · All other expenses

    total -$6,941,623

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $619,964 · end of year $999,064

  • 2 · Savings and temporary cash investments

    beginning of year $8,378,355 · end of year $7,400,000

  • 4 · Accounts receivable

    beginning of year $4,235,121 · end of year $4,256,984

  • 8 · Inventories for sale or use

    beginning of year $5,815,932 · end of year $4,721,785

  • 9 · Prepaid expenses and deferred charges

    beginning of year $335,390 · end of year $344,403

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

    $170,004,048

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

    $71,368,114

  • 10c · Land, buildings and equipment, net

    beginning of year $94,681,342 · end of year $98,635,934

  • 12 · Investments: other securities

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

  • 13 · Investments: program-related

    beginning of year $35,780,927 · end of year $38,336,488

  • 15 · Other assets

    beginning of year $3,365 · end of year $8,402

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,039,705 · end of year $4,085,347

  • 19 · Deferred revenue

    beginning of year $8,000,000 · end of year $8,000,000

  • 21 · Escrow or custodial account liability

    beginning of year $3,071 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $73,400,144 · end of year $74,811,149

  • 24 · Unsecured notes and loans payable

    beginning of year $1,000,000 · end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $1,672,232 · end of year $1,341,366

  • 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 $61,748,640 · end of year $65,478,594

Mission and programs · 2024

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 8,200 MEMBERS. IN 2024 THERE WERE 6,648 MILES OF TOTAL LINE.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tracy Boe

    PRESIDENT

    Total calculated
    $14,797
    From this org
    $14,797
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Curtis Wiesz

    VICE PRESIDENT

    Total calculated
    $15,082
    From this org
    $15,082
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Randy Simon

    SECRETARY/TREASURER

    Total calculated
    $15,237
    From this org
    $15,237
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • David Teigen

    ASST SECRETARY/TREASURER

    Total calculated
    $12,932
    From this org
    $12,932
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Mark Brehm

    DIRECTOR

    Total calculated
    $12,847
    From this org
    $12,847
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Curtis Hanson

    DIRECTOR

    Total calculated
    $13,847
    From this org
    $13,847
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Bruce Olsen

    DIRECTOR

    Total calculated
    $13,382
    From this org
    $13,382
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Judy Geier

    DIRECTOR

    Total calculated
    $16,507
    From this org
    $16,507
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Lori Carlson

    DIRECTOR

    Total calculated
    $16,682
    From this org
    $16,682
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Cheryl Belle

    BUSINESS MANAGER

    Total calculated
    $263,681
    From this org
    $168,779
    From related orgs
    $0
    Other
    $94,902
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,080
    Bonus
    $0
    Other
    $3,699
    Deferred
    $61,510
    Nontaxable benefits
    $35,644
    Filer's total
    $265,933

  • Seth Syverson

    GENERAL MANAGER

    Total calculated
    $328,495
    From this org
    $240,594
    From related orgs
    $0
    Other
    $87,901
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $239,626
    Bonus
    $0
    Other
    $968
    Deferred
    $56,118
    Nontaxable benefits
    $34,936
    Filer's total
    $331,648

  • Scott Buchholtz

    MANAGER OF INFORMATION TECHNOLOGY

    Total calculated
    $190,336
    From this org
    $152,311
    From related orgs
    $0
    Other
    $38,025
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,016
    Bonus
    $0
    Other
    $3,295
    Deferred
    $6,467
    Nontaxable benefits
    $33,614
    Filer's total
    $192,392

  • Ashten Dewald

    MANAGER OF ENGINEERING/OPERATIONS

    Total calculated
    $190,960
    From this org
    $139,205
    From related orgs
    $0
    Other
    $51,755
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,792
    Bonus
    $0
    Other
    $413
    Deferred
    $15,942
    Nontaxable benefits
    $37,618
    Filer's total
    $192,765

  • Joshua Cabler

    OPERATION MANAGER

    Total calculated
    $196,482
    From this org
    $123,867
    From related orgs
    $0
    Other
    $72,615
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,448
    Bonus
    $0
    Other
    $419
    Deferred
    $37,294
    Nontaxable benefits
    $36,973
    Filer's total
    $198,134

  • Shannon Petersen

    FOREMAN

    Total calculated
    $171,311
    From this org
    $125,075
    From related orgs
    $0
    Other
    $46,236
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,737
    Bonus
    $0
    Other
    $338
    Deferred
    $13,215
    Nontaxable benefits
    $34,500
    Filer's total
    $172,790

  • Doyle Schwanke

    FOREMAN

    Total calculated
    $193,823
    From this org
    $133,476
    From related orgs
    $0
    Other
    $60,347
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,921
    Bonus
    $0
    Other
    $1,555
    Deferred
    $48,682
    Nontaxable benefits
    $13,174
    Filer's total
    $195,332

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: $54,282 SETH SYVERSON: $45,791 ASHTEN DEWALD: $9,728 SCOTT BUCHHOLTZ: $0 JOSHUA CABLER: $31,876 DOYLE SCHWANKE: $43,876 SHANNON PETERSEN: $8,409 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: $47,416 SETH SYVERSON: $67,584 ASHTEN DEWALD: $28,760 SCOTT BUCHHOLTZ: $0 JOSHUA CABLER: $35,193 DOYLE SCHWANKE: $31,383 SHANNON PETERSEN: $19,648

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
2024
Filed
25 June 2025
IRS schema version
2024v5.2
Source object
202541899349300349

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