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Peninsula Generation Cooperative

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

EIN: 273659272 ✦ Cadillac, MI ✦ Designated as a 501(c)(12)

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Overview

What is Peninsula Generation Cooperative?

Peninsula Generation Cooperative is a Michigan-based nonprofit cooperative corporation, headquartered at 10125 West Watergate Road, Cadillac, MI, 49601. Established for the primary purpose of delivering electric power to its member, Wolverine Power Supply Cooperative, its mission involves obtaining, selling, and distributing electric energy. The cooperative is committed to supplying electricity to its member organization.

Is Peninsula Generation Cooperative legitimate?

Peninsula Generation Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Peninsula Generation Cooperative 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 tax deductible.


Heare are some key statistics you may want to consider:

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

For more financial information, click here

What is the mission statement of Peninsula Generation Cooperative?

Peninsula Generation Cooperative is a nonprofit organization established to serve a specific purpose. Its primary objective is to procure, sell, and distribute electric energy to its affiliated cooperative, Wolverine Power Supply Cooperative, Inc. The cooperative is structured as a Michigan corporation and is dedicated solely to fulfilling the electric power needs of its member.

Who is the CEO of Peninsula Generation Cooperative?

Unavailable

What is the revenue of Peninsula Generation Cooperative?

Peninsula Generation Cooperative's revenue in 2022 was $58,212,934.

Who are the executives of Peninsula Generation Cooperative and what are their salaries?


Here are 6 key members and their salaries:


Gerry Bundle (Director / Chairman)
  • Compensation: $0
  • Related: $23,000
  • Other: $0
Terry Lautner (Director / Vice Chairman)
  • Compensation: $0
  • Related: $32,100
  • Other: $0
Zachary J Anderson (Director / President)
  • Compensation: $0
  • Related: $299,967
  • Other: $58,186
Eric Baker (Director)
  • Compensation: $0
  • Related: $849,636
  • Other: $148,100
Joseph Baumann (Secretary)
  • Compensation: $0
  • Related: $328,853
  • Other: $80,059
Ron Mccullick (Treasurer)
  • Compensation: $0
  • Related: $138,531
  • Other: $51,382
Where can I find the form 990 for Peninsula Generation Cooperative?

Peninsula Generation Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Peninsula Generation Cooperative

Peninsula Generation Cooperative, a Michigan-based nonprofit organization, is dedicated to the provision of electric power to its member, Wolverine Power Supply Cooperative. Established as a cooperative corporation, Peninsula Generation Cooperative's primary mission revolves around obtaining, selling, and delivering electric energy to its cooperative member. In simpler terms, this nonprofit organization exists to ensure the reliable supply of electricity to Wolverine Power Supply Cooperative. The organization's mission is rooted in the cooperative principle of pooling resources and expertise to meet the common needs and aspirations of the community. By providing electric power, Peninsula Generation Cooperative plays a crucial role in enhancing the quality of life for its member cooperative and the communities it serves.

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Impact




October, 2024

Peninsula Generation Cooperative plays a vital role in delivering reliable electric energy to its members, specifically Wolverine Power Supply Cooperative, Inc. Based in Cadillac, Michigan, the cooperative is dedicated to obtaining, selling, and distributing electric power, ensuring that its member has consistent access to energy. Through its operations, Peninsula Generation Cooperative supports the community’s energy needs, contributing to the overall stability and efficiency of the local power supply system. Its commitment to providing essential services has a significant public benefit, impacting both the economic and social landscape of the region.




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


Financials

This financial information is from Propublica.

Revenue
$58,212,934 (2022)
Expenses
$58,212,934 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $124,370
  • Program Service Revenue: $58,088,564
  • Gross Receipts: $58,212,934

Assets and Liabilities:

  • Total Assets: $27,867,422
  • Total Liabilities: $2,866,422
  • Net Assets: $25,001,000

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Programs

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

Electric Power Resale

Revenue

$58,088,564

Organization Details

Founding Year

2010

Main Address

10125 West Watergate Road, Cadillac, MI, 49601

NTEE Category

Code: W80 - Public benefit

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