Nonprofit · EIN 45-0226179
CENTRAL POWER ELECTRIC COOP INC
Tax-exempt · MINOT, ND 58701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $204,731,346 | $193,355,577 | $11,375,769 | $537,543,464 | $366,361,851 | $171,181,613 |
| December 31, 2024 | 990 | $190,861,966 | $180,644,169 | $10,217,797 | $510,514,335 | $346,615,816 | $163,898,519 |
| December 31, 2023 | 990 | $188,214,649 | $173,849,791 | $14,364,858 | $479,614,700 | $322,120,127 | $157,494,573 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $196,667,549
- Investment income
- $78,652
- Other revenue
- $7,985,145
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $11,470,308
- Program services (functional)
- $193,355,577
Balance sheet and other
- Total assets, start of year
- $510,514,335
- Total assets, end of year
- $537,543,464
- Total liabilities, end of year
- $366,361,851
- Net assets, end of year
- $171,181,613
- Land, buildings and equipment
- $358,639,317
- Net assets without donor restrictions
- $171,181,613
- Gross receipts
- $204,731,346
- Employees
- 66
- Volunteers
- 0
- Year formed
- 1949
- State of legal domicile
- ND
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Thomas Meland | General Manager Officer | 40 | $846,596 | $143,239 |
| Mark Sherman | Manager of Operations and Engineering Key employee | 40 | $330,236 | $136,737 |
| Michael Kossan | CFO Manager of Accounting and Finance Officer | 40 | $308,770 | $129,941 |
| Ryan Callahan | Chief Transmission Engineer Highest-paid employee | 40 | $217,978 | $100,081 |
| Todd Ahmann | Network Administrator Highest-paid employee | 40 | $203,102 | $94,753 |
| Kenneth Haugen | Operations Superintendent Highest-paid employee | 40 | $198,974 | $92,649 |
| Dennis Olson | Chief Substation Engineer Highest-paid employee | 40 | $216,057 | $69,304 |
| Randy Brunner | Substation Engineer Highest-paid employee | 40 | $191,706 | $92,490 |
| Jean Brandt | Vice President Trustee or director | 4 | $23,100 | $0 |
| David Charles | Director Trustee or director | 4 | $22,300 | $0 |
| Mark Brehm | President Trustee or director | 7 | $22,000 | $0 |
| Troy Presser | Director Trustee or director | 4 | $13,900 | $0 |
| Robert Wolf | Secretary Treasurer Trustee or director | 4 | $13,500 | $0 |
| Kim Rasmussen | Director Trustee or director | 4 | $13,200 | $0 |
| Arden Fuher | Director Trustee or director, Former | 4 | $6,000 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Clint Gjellstad | Director Trustee or director | 4 | $1,200 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Thomas Meland | General Manager Officer | 40 | $824,744 | $139,146 |
| Mark Sherman | Manager of Operations and Engineering Key employee | 40 | $314,425 | $129,612 |
| Michael Kossan | CFO Manager of Accounting and Finance Officer | 40 | $293,599 | $123,266 |
| Ryan Callahan | Chief Transmission Engineer Highest-paid employee | 40 | $206,718 | $95,450 |
| Todd Ahmann | Network Administrator Highest-paid employee | 40 | $192,251 | $90,099 |
| Kenneth Haugen | Operations Superintendent Highest-paid employee | 40 | $185,103 | $88,759 |
| Randy Brunner | Substation Engineer Highest-paid employee | 40 | $185,192 | $88,056 |
| Dennis Olson | Chief Substation Engineer Highest-paid employee | 40 | $206,783 | $65,097 |
| Jean Brandt | Vice President Trustee or director | 4 | $20,400 | $0 |
| Arden Fuher | Director Trustee or director | 4 | $18,800 | $0 |
| Mark Brehm | President Trustee or director | 7 | $18,400 | $0 |
| David Charles | Director Trustee or director | 4 | $17,600 | $0 |
| Robert Wolf | Secretary Treasurer Trustee or director | 4 | $16,000 | $0 |
| Troy Presser | Director Trustee or director | 4 | $14,800 | $0 |
| Clint Gjellstad | Director Trustee or director | 4 | $2,000 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Thomas L Meland | General Manager Officer | 40 | $810,385 | $132,414 |
| Mark A Sherman | Manager of Operations Engineering Key employee | 40 | $299,414 | $122,735 |
| Michael J Kossan | Manager of Accounting Finance Officer | 40 | $279,516 | $109,109 |
| Ryan C Callahan | Chief Transmission Engineer Highest-paid employee | 40 | $198,667 | $90,982 |
| Todd T Ahmann | Network Administrator Highest-paid employee | 40 | $183,203 | $85,461 |
| Kenneth L Haugen | Operations Superintendent Highest-paid employee | 40 | $180,318 | $84,654 |
| Randy Brunner | Substation Engineer Highest-paid employee | 40 | $176,461 | $83,534 |
| Dennis M Olson | Chief Substation Engineer Highest-paid employee | 40 | $194,484 | $64,789 |
| Jean Brandt | Vice President Trustee or director | 4 | $22,400 | $0 |
| Mark Brehm | President Trustee or director | 7 | $21,600 | $0 |
| Arden Fuher | Director Trustee or director | 4 | $18,000 | $0 |
| Robert Wolf | Secretary Treasurer Trustee or director | 4 | $15,600 | $0 |
| Troy Presser | Director Trustee or director | 4 | $14,000 | $0 |
| David Straley | Director Trustee or director, Former | 4 | $10,000 | $0 |
| David Charles | Director Trustee or director | 4 | $9,600 | $0 |
| Kim Rasmussen | Director Trustee or director | 4 | $1,200 | $0 |
Address and contacts
- Address (IRS master file)
- 525 20TH AVE SW, MINOT, ND 58701-6436
- In care of
- % THOMAS L MELAND
- Principal officer (990 for 2025)
- THOMAS L MELAND, 525 20TH AVE SW, MINOT, ND 587016436
- Signed the 990
- Michael, Kossan CPA
- Phone
- (701) 852-4407
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.
Program accomplishments
- Providing wholesale all-requirements electric service to our six member rural electric cooperatives in North Dakota.Expenses $193,355,577 · revenue $204,652,694
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0226179
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $537,543,464
- Income (IRS master file)
- $204,731,346
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $204,731,346 | $193,355,577 | $537,543,464 | IRS |
| 990 | December 2024 | $190,861,966 | $180,644,169 | $510,514,335 | IRS |
| 990 | December 2023 | $188,214,649 | $173,849,791 | $479,614,700 | XML |
| 990 | December 2022 | $181,588,678 | $164,161,816 | $453,069,193 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-0226179).
Questions about CENTRAL POWER ELECTRIC COOP INC
- What is the EIN of CENTRAL POWER ELECTRIC COOP INC?
- The employer identification number (EIN) of CENTRAL POWER ELECTRIC COOP INC is 45-0226179.
- Is CENTRAL POWER ELECTRIC COOP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1957.
- Are donations to CENTRAL POWER ELECTRIC COOP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CENTRAL POWER ELECTRIC COOP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CENTRAL POWER ELECTRIC COOP INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL POWER ELECTRIC COOP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CENTRAL POWER ELECTRIC COOP INC?
- The 990 for the year ended December 31, 2025 names THOMAS L MELAND.
- Who are the officers and directors of CENTRAL POWER ELECTRIC COOP INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $846,596 (Thomas Meland, General Manager).
- How much revenue does CENTRAL POWER ELECTRIC COOP INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $204,731,346, expenses of $193,355,577 and total assets of $537,543,464 at year end.
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