Overview
What is Cloverland Electric Cooperative?
Cloverland Electric Cooperative, based in Sault Ste Marie, Michigan, is a community-focused institution dedicated to delivering electric power to over 44,000 members. As a public policy and public services organization, they provide essential energy solutions to enhance the daily lives of their members. Their mission is deeply rooted in the local community, ensuring reliable and sustainable electric power.
Official website here: www.cloverland.com
Is Cloverland Electric Cooperative legitimate?
Cloverland Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cloverland Electric 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: $1,160,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $727,267
For more financial information, click here
Official website here: www.cloverland.com
What is the mission statement of Cloverland Electric Cooperative?
Cloverland Electric Cooperative is a non-profit organization dedicated to delivering electric power to its community. With a membership base of over 44,000, the cooperative serves as a crucial public service institution. Its mission encompasses the provision of electricity to its members, contributing to their daily lives and powering their communities. The organization is deeply rooted in public policy, working to ensure the reliable and affordable delivery of electric power to its constituents.
Official website here: www.cloverland.com
Who is the CEO of Cloverland Electric Cooperative?
Michael Heise is the CEO of Cloverland Electric Cooperative The CEO's salary of Cloverland Electric Cooperative is $367,755 and their total compensation is $518,500.
Official website here: www.cloverland.com
What is the revenue of Cloverland Electric Cooperative?
Cloverland Electric Cooperative's revenue in 2023 was $90,733,673.
Official website here: www.cloverland.com
Who are the executives of Cloverland Electric Cooperative and what are their salaries?
The average compensation at Cloverland Electric Cooperative during 2023 was $14,305. There are 132 employees and 9 volunteers at Cloverland Electric Cooperative.
Here are 17 key members and their salaries (Cloverland Electric Cooperative's CEO's salary is $367,755 and their total compensation is $518,500):
- Compensation: $10,650
- Related: $0
- Other: $802
- Compensation: $9,200
- Related: $0
- Other: $802
- Compensation: $9,600
- Related: $0
- Other: $802
- Compensation: $10,400
- Related: $0
- Other: $802
- Compensation: $7,400
- Related: $0
- Other: $796
- Compensation: $7,500
- Related: $0
- Other: $793
- Compensation: $7,200
- Related: $0
- Other: $811
- Compensation: $7,800
- Related: $0
- Other: $802
- Compensation: $2,200
- Related: $0
- Other: $7,802
- Compensation: $367,755
- Related: $0
- Other: $150,745
- Compensation: $297,815
- Related: $0
- Other: $70,582
- Compensation: $133,532
- Related: $0
- Other: $54,353
- Compensation: $147,389
- Related: $0
- Other: $46,881
- Compensation: $144,362
- Related: $0
- Other: $61,143
- Compensation: $150,226
- Related: $0
- Other: $45,001
- Compensation: $143,112
- Related: $0
- Other: $40,279
- Compensation: $142,178
- Related: $0
- Other: $44,109
Official website here: www.cloverland.com
Where can I find the form 990 for Cloverland Electric Cooperative?
Cloverland Electric Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cloverland.com
Learn more at the official website: www.cloverland.com
Mission Statement of Cloverland Electric Cooperative
Cloverland Electric Cooperative, a public policy and public services institution based in Michigan, is dedicated to supplying electric power to over 44,000 members. This organization plays a vital role in the community by ensuring that its members have consistent access to electricity.
Founded in Sault Ste Marie, MI, Cloverland Electric Cooperative goes beyond just providing electricity, acting as a trusted entity that serves its community. The cooperative's mission is geared towards delivering electric power to its members, making a difference in their daily lives and contributing to the overall development of the community. By focusing on public policy and public services, Cloverland Electric Cooperative strives to create a sustainable energy infrastructure and ensure that the needs of its members are met.
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Impact
October, 2024
Cloverland Electric Cooperative significantly impacts its community by providing reliable electric power to 44,622 members in Sault Ste. Marie, MI. As an electric cooperative, it focuses on delivering energy solutions that prioritize the needs of its members while promoting sustainability and responsible energy use. By engaging with its community and adhering to a mission that values public benefit, Cloverland Electric plays a crucial role in ensuring access to essential services and supporting the local economy. Its commitment to public policy and services enhances the quality of life for its members, fostering a sense of community while addressing energy needs efficiently and affordably.
This information is meant to be a general summary of Cloverland Electric 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,611,712
- Program Service Revenue: $89,165,455
- Gross Receipts: $92,360,603
Assets and Liabilities:
- Total Assets: $214,176,437
- Total Liabilities: $148,836,119
- Net Assets: $65,340,318
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE FROM MEMBERS
Revenue
$88,811,419
POLE CONTACT FEES
Revenue
$354,036
Organization Details
Founding Year
1938
Principal Officer
Michael Heise
Website
www.cloverland.comNTEE Category
Code: W80 - Public benefit
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