Overview
What is Cherryland Electric Cooperative Inc?
Cherryland Electric Cooperative Inc is a nonprofit organization based on providing electric services to over 35,000 members. As a cooperative, it is structured as public utilities. In simpler terms, Cherryland Electric Cooperative operates as a community-owned electric utility, supplying power to its members. Its mission is centered around delivering essential electric services, ensuring reliable access for thousands of households and businesses within its reach.
Official website here: www.cherrylandelectric.coop
What are the reviews and ratings of this charity?
Cherryland Electric Cooperative Inc is not currently rated by Charity Navigator. The absence of a rating does not imply anything inherently positive or negative about the organization; it simply indicates that Cherryland Electric Co-op has not been evaluated due to its non-501(c)(3) status. Charity Navigator ratings are normally derived from beacon scores like Accountability & Finance, but these score metrics are not applicable here.
As an independent organization not classified under the 501(c)(3) category, Cherryland Electric Co-op cannot be evaluated under the standard methodologies used by Charity Navigator, which include Impact & Measurement or Leadership & Adaptability assessments. This means traditional evaluation metrics regarding financial data or organizational leadership criteria are unavailable for this cooperative.
There are currently no user reviews on GreatNonprofits for Cherryland Electric Cooperative Inc. Thus, further insight into community perception or individual experiences with the organization is not accessible at this time.
This AI summary has been generated from information found on Charity Navigator.
Is Cherryland Electric Cooperative Inc legitimate?
Cherryland Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cherryland 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $949,767
Professional Fundraising Fees: $0
Other Salaries and Wages: $646,503
For more financial information, click here
Official website here: www.cherrylandelectric.coop
What is the mission statement of Cherryland Electric Cooperative Inc?
Cherryland Electric Cooperative Inc is an electric cooperative that serves over 35,000 members as public utilities. Its mission revolves around providing electric services to its community. The cooperative is organized to ensure reliable and sustainable electric solutions for its members. By operating as a cooperative, it fosters a sense of ownership and community among its members. Cherryland Electric Cooperative's commitment extends beyond just supplying electricity, as it strives to maintain a strong connection with the people it serves. This community-focused approach sets it apart as a vital provider of essential electric services.
Official website here: www.cherrylandelectric.coop
Who is the CEO of Cherryland Electric Cooperative Inc?
Mark Wilson is the Senior Vice President of Cherryland Electric Cooperative Inc.
Official website here: www.cherrylandelectric.coop
What is the revenue of Cherryland Electric Cooperative Inc?
Cherryland Electric Cooperative Inc's revenue in 2022 was $62,035,173.
Official website here: www.cherrylandelectric.coop
Who are the executives of Cherryland Electric Cooperative Inc and what are their salaries?
The average compensation at Cherryland Electric Cooperative Inc during 2022 was $27,055. There are 59 employees and 14 volunteers at Cherryland Electric Cooperative Inc.
Here are 14 key members and their salaries:
- Compensation: $23,000
- Related: $0
- Other: $10
- Compensation: $22,000
- Related: $0
- Other: $10
- Compensation: $14,000
- Related: $0
- Other: $5
- Compensation: $23,000
- Related: $0
- Other: $10
- Compensation: $23,900
- Related: $0
- Other: $10
- Compensation: $22,100
- Related: $0
- Other: $10
- Compensation: $21,500
- Related: $0
- Other: $2
- Compensation: $305,845
- Related: $0
- Other: $226,809
- Compensation: $168,368
- Related: $0
- Other: $91,683
- Compensation: $172,989
- Related: $0
- Other: $12,364
- Compensation: $170,812
- Related: $0
- Other: $82,730
- Compensation: $159,014
- Related: $0
- Other: $48,016
- Compensation: $150,993
- Related: $0
- Other: $50,882
- Compensation: $157,492
- Related: $0
- Other: $55,826
Official website here: www.cherrylandelectric.coop
Where can I find the form 990 for Cherryland Electric Cooperative Inc?
Cherryland Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cherrylandelectric.coop
Learn more at the official website: www.cherrylandelectric.coop
Mission Statement of Cherryland Electric Cooperative Inc
Cherryland Electric Cooperative, a key player in the electric utility sector, serves over 35,000 members as a dedicated electric cooperative. With a mission to electrify communities, this organization operates as a public utility, providing essential electric services to its members.
At the heart of Cherryland Electric Cooperative's operations lies a deep-rooted commitment to its members. As a not-for-profit entity, it prioritizes the needs of its community, ensuring reliable and affordable electricity to power their daily lives. By organizing itself as public utilities, the cooperative embodies a community-driven approach to energy provision, fostering a sense of unity and shared responsibility among its members.
Cherryland Electric Cooperative's mission transcends merely delivering electricity; it's about empowering its members to thrive in their homes and communities. By providing electric services, this cooperative plays a vital role in supporting the infrastructure and economic development of the areas it serves. With a strong commitment to public service, Cherryland Electric Cooperative continues to make a positive impact on the lives of its members and the communities they call home.
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Impact
October, 2024
Cherryland Electric Cooperative Inc significantly impacts its community by providing reliable electric services to over 35,000 members in Grawn, Michigan. As a public utility, it prioritizes the needs of its members, ensuring access to essential energy resources. The cooperative model fosters a sense of community ownership and engagement, allowing members to have a voice in decisions that affect their services. Cherryland’s commitment to public benefit enhances the quality of life for its members, supporting local economies and fostering sustainability through initiatives aligned with community needs.
This information is meant to be a general summary of Cherryland Electric Cooperative Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,110,743
- Program Service Revenue: $58,746,530
- Gross Receipts: $62,035,173
Assets and Liabilities:
- Total Assets: $135,639,535
- Total Liabilities: $79,606,286
- Net Assets: $56,033,249
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER ELECTRIC REVENUE
Revenue
$58,429,091
SERVICE CHARGES
Revenue
$138,997
STREET LIGHTS
Revenue
$101,879
POLE CONTACT FEES
Revenue
$76,563
Organization Details
Founding Year
1938
Phone
(231) 486-9200Principal Officer
Mark Wilson
Main Address
PO BOX 298 5930 US 31 SOUTH, GRAWN, MI, 49637
Website
www.cherrylandelectric.coopNTEE Category
Code: W80 - Public benefit
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