Overview
What is Presque Isle Electric & Gas Co-Op?
Presque Isle Electric & Gas Co-Op is a Michigan-based cooperative dedicated to providing energy services to its members, with a combined total of 34,819 electric and 13,161 natural gas members. Their mission is to enhance the quality of life for their members by delivering energy solutions through a cooperative business structure. With a workforce of 123 employees, they serve the community in the Po Box 308, Onaway, and aim to sustain and improve the living standards of their members.
Official website here: www.pieg.com
Is Presque Isle Electric & Gas Co-Op legitimate?
Presque Isle Electric & Gas Co-Op is a legitimate nonprofit organization registered as a 501(c)(12) entity. Presque Isle Electric & Gas Co-Op 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: $563,386
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,672,831
For more financial information, click here
What is the mission statement of Presque Isle Electric & Gas Co-Op?
Presque Isle Electric & Gas Co-Op is dedicated to enhancing the living standards of its members by delivering essential energy and related services. By operating as a cooperative, the organization allows its members to collectively benefit from these offerings. Its mission is geared towards sustaining and improving the quality of life for its members through the cooperative business structure. The Co-Op serves a considerable number of electric and natural gas members, providing them with reliable and efficient energy solutions.
Official website here: www.pieg.com
Who is the CEO of Presque Isle Electric & Gas Co-Op?
Thomas J Sobeck is the Chairman of Presque Isle Electric & Gas Co-Op. The CEO's salary of Presque Isle Electric & Gas Co-Op is $216,973 and their total compensation is $327,797.
Official website here: www.pieg.com
What is the revenue of Presque Isle Electric & Gas Co-Op?
Presque Isle Electric & Gas Co-Op's revenue in 2022 was $55,556,588.
Official website here: www.pieg.com
Who are the executives of Presque Isle Electric & Gas Co-Op and what are their salaries?
The average compensation at Presque Isle Electric & Gas Co-Op during 2022 was $75,091. There are 123 employees at Presque Isle Electric & Gas Co-Op.
Here are 16 key members and their salaries (Presque Isle Electric & Gas Co-Op's CEO's salary is $216,973 and their total compensation is $327,797):
- Thomas Sobeck (Ceo)
- Dean Estep (Class A Lineman)
- Shawn Walker (Class A Lineman)
- Thomas Lupu (Staking Engineer)
- Kenneth Wirgau (Class A Lineman)
- Errol Jones (Class A Lineman)
- Randy Stempky (Cfo)
- Kurt Krajniak (Director)
- Allan Berg (Vice Chairman) [Trustee/Director]
- Sandy Borowicz (Secretary) [Trustee/Director]
- John Brown (Chairman) [Trustee/Director]
- Brent Lucas (Director)
- Sally Knopf (Director)
- Charles Arbour (Director)
- Daryl Peterson (Treasurer) [Trustee/Director]
- Raymond Wozniak (Director)
Official website here: www.pieg.com
Where can I find the form 990 for Presque Isle Electric & Gas Co-Op?
The Presque Isle Electric & Gas Co-Op’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.pieg.com
Learn more at the official website: www.pieg.com
Mission Statement of Presque Isle Electric & Gas Co-Op
Presque Isle Electric & Gas Co-Op, a cooperative business, is dedicated to enhancing the living standards of its members by delivering essential energy services. With a mission rooted in cooperation, the organization goes beyond just providing electricity and natural gas; it strives to sustain and improve the overall quality of life for its members. Through its cooperative structure, the company empowers its community and fosters a sense of unity among its clients.
The Presque Isle Electric & Gas Co-op serves a substantial population, with 34,819 electric members and 13,161 natural gas members. This robust membership base relies on the Co-op to meet their energy needs, ensuring a strong foundation for community growth and development. By harnessing the power of collective resources, the organization is able to efficiently and effectively address the energy requirements of its members, ultimately contributing to their well-being and satisfaction.
Moreover, the Presque Isle Electric & Gas Co-op's commitment to its members extends beyond energy services. Its cooperative business structure fosters a strong sense of community and enables the organization to respond to the unique needs and concerns of its members in a collaborative and supportive manner. This dedication to sustaining and enhancing the lives of its members sets the Presque Isle Electric & Gas Co-op apart as a trusted and integral part of its community.
Impact
This information is meant to be a general summary of Presque Isle Electric & Gas Co-Op. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Presque Isle Electric & Gas Co-Op positively impacts its community by providing essential energy services to thousands of electric and natural gas members. Through their cooperative business structure, they contribute to sustaining and improving the quality of life for their members. Their reach extends to over 34,000 electric members and 13,000 natural gas members, serving the city of Onaway, MI. By fulfilling their mission to provide energy and other services for the betterment of their members, Presque Isle Electric & Gas Co-Op embodies the values of public benefit and community support.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electric & Gas Sales
Revenue
$53,394,447
Capital Credits
Revenue
$2,070,419
Other Member Services
Revenue
$375,538
Broadband Services
Revenue
$230,067
Organization Details
Founding Year
1937
Phone
(989) 733-8515
Principal Officer
Thomas J Sobeck
Main Address
PO Box 308, Onaway, MI, 49765
Website
www.pieg.com
NTEE Category
Code: W80 - Public benefit
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