Capital Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 450217628 ✦ Bismarck, ND ✦ Designated as a 501(c)(12)

Overview

What is Capital Electric Cooperative Inc?

Capital Electric Cooperative Inc, based in Bismarck, North Dakota (PO Box 730), is a dedicated cooperative that provides electric power to its member consumers. With a team of 43 employees, this nonprofit organization serves as a trusted energy provider and partner in the community. Its mission is to ensure the delivery of safe, reliable, and efficient electricity at a reasonable cost to all member-owners. Capital Electric Cooperative takes pride in its commitment to the community and its members, striving for their satisfaction and energy needs.


Official website here: www.capitalelec.com

Is Capital Electric Cooperative Inc legitimate?

Capital Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Capital Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $456,230
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.capitalelec.com

What is the mission statement of Capital Electric Cooperative Inc?

Capital Electric Cooperative Inc serves as a trusted energy provider and partner to its community and member-owners. The cooperative is dedicated to delivering safe, reliable, and efficient electric power at a reasonable cost to all its member-owners. As an electrical distribution cooperative, Capital Electric Cooperative supplies electric power to its consumer members. Its mission prioritizes the provision of essential energy services while ensuring affordability for those it serves. By focusing on the needs of its member-owners, Capital Electric Cooperative aims to build a strong and sustainable energy community.


Official website here: www.capitalelec.com

Who is the CEO of Capital Electric Cooperative Inc?

Paul Fitterer is the General Manager of Capital Electric Cooperative Inc.


Official website here: www.capitalelec.com

What is the revenue of Capital Electric Cooperative Inc?

Capital Electric Cooperative Inc's revenue in 2022 was $48,164,166.


Official website here: www.capitalelec.com

Who are the executives of Capital Electric Cooperative Inc and what are their salaries?

The average compensation at Capital Electric Cooperative Inc during 2022 was $10,610. There are 43 employees at Capital Electric Cooperative Inc.

Here are 19 key members and their salaries:

    Paul Fitterer (General Manager)
  • Compensation: $215,507
  • Related: $0
  • Other: $183,959

    • Luke Steen (Business Manager)
  • Compensation: $139,048
  • Related: $0
  • Other: $62,429

    • Rick Dressler (Operations Manager)
  • Compensation: $126,134
  • Related: $0
  • Other: $57,935

    • Steven Kuball (Lead Lineworker)
  • Compensation: $117,458
  • Related: $0
  • Other: $57,117

    • Gregory Owen (Engineering Manager)
  • Compensation: $124,728
  • Related: $0
  • Other: $43,843

    • Jesse Goehring (Lead Lineworker)
  • Compensation: $116,901
  • Related: $0
  • Other: $27,773

    • Hunter Babeck (Journeyman Lineworker)
  • Compensation: $112,521
  • Related: $0
  • Other: $11,642

    • Deon Vilhauer (President) [Trustee/Director]
  • Compensation: $21,775
  • Related: $0
  • Other: $0

    • Kyle Tschosik (Assistant Secretary-Treasu) [Trustee/Director]
  • Compensation: $12,800
  • Related: $0
  • Other: $0

    • David Charles (Vice President) [Trustee/Director]
  • Compensation: $12,575
  • Related: $0
  • Other: $0

    • Kayla Pulvermacher (Director (Started In February))
  • Compensation: $8,525
  • Related: $0
  • Other: $0

    • Dwight Wrangham (Director)
  • Compensation: $8,350
  • Related: $0
  • Other: $0

    • Rex Hollenbeck (Director)
  • Compensation: $8,175
  • Related: $0
  • Other: $0

    • David Straley (Secretary-Treasurer) [Trustee/Director]
  • Compensation: $7,750
  • Related: $0
  • Other: $0

    • Sara Vollmer (Director (Started In June))
  • Compensation: $7,125
  • Related: $0
  • Other: $0

    • Lyndon Anderson (Director (Started In June))
  • Compensation: $6,125
  • Related: $0
  • Other: $0

    • Arlene Olson (Director (Left In June))
  • Compensation: $3,850
  • Related: $0
  • Other: $0

    • Kyle Hilken (Director (Left In June))
  • Compensation: $3,625
  • Related: $0
  • Other: $0

    • Sheri Haugen-Hoffart (Past President (Left In January)) [Trustee/Director]
  • Compensation: $1,000
  • Related: $0
  • Other: $0


  • Official website here: www.capitalelec.com

    Where can I find the form 990 for Capital Electric Cooperative Inc?

    The Capital Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.capitalelec.com

    Learn more at the official website: www.capitalelec.com

    Mission Statement of Capital Electric Cooperative Inc

    Capital Electric Cooperative Inc, a trusted energy provider and partner to its community and member-owners, is dedicated to delivering safe, reliable, and efficient electric power at a reasonable cost. The cooperative takes pride in its commitment to ensuring that every member-owner has access to high-quality electric services.

    Capital Electric Cooperative Inc serves as more than just an electrical distributor. Its mission goes beyond providing electricity; it strives to build a strong relationship with its members based on trust and collaboration. By focusing on safety, reliability, and efficiency, the cooperative aims to create a sustainable energy infrastructure that meets the diverse needs of its members.

    As a cooperative, Capital Electric Cooperative Inc is owned and controlled by its members. This unique business model allows the cooperative to prioritize the interests of its members above all else. By being attuned to the needs of its community, the cooperative can adapt to the changing energy landscape and provide innovative solutions that cater to the evolving demands of its members. In doing so, Capital Electric Cooperative Inc continues to strengthen its position as a trusted energy partner in the community.

    Impact

    This information is meant to be a general summary of Capital Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Capital Electric Cooperative Inc's impact can be seen in the provision of safe, reliable, and efficient electric power to the community and its member-owners in Bismarck, ND. As a trusted energy provider and partner, Capital Electric Cooperative plays a crucial role in ensuring that its members have access to essential electrical services at a reasonable cost. By supplying electric power to its member consumers, Capital Electric Cooperative contributes to the overall well-being and functioning of the community, supporting economic activities, businesses, and day-to-day life for residents.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,531,776
  • Program Service Revenue: $41,931,931
  • Gross Receipts: $48,695,832

    • Assets and Liabilities:
  • Total Assets: $145,742,846
  • Total Liabilities: $88,651,844
  • Net Assets: $57,091,002
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    OPERATING REVENUE/PATRONAGE

    Revenue

    $41,838,303

    OTHER REVENUE

    Revenue

    $93,628

    Organization Details

    Founding Year

    1945

    Principal Officer

    Paul Fitterer

    Main Address

    PO BOX 730, BISMARCK, ND, 585020730

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Capital Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.