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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $577,039
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,274,934
For more financial information, click here
Official website here: www.pieg.com
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 Sobeck is the CEO of Presque Isle Electric & Gas Co-Op The CEO's salary of Presque Isle Electric & Gas Co-Op is $221,494 and their total compensation is $273,386.
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 2023 was $60,694,805.
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 2023 was $75,784. There are 130 employees at Presque Isle Electric & Gas Co-Op.
Here are 17 key members and their salaries (Presque Isle Electric & Gas Co-Op's CEO's salary is $221,494 and their total compensation is $273,386):
- Compensation: $15,010
- Related: $0
- Other: $0
- Compensation: $13,670
- Related: $0
- Other: $0
- Compensation: $13,570
- Related: $0
- Other: $0
- Compensation: $9,740
- Related: $0
- Other: $0
- Compensation: $13,470
- Related: $0
- Other: $0
- Compensation: $2,110
- Related: $0
- Other: $0
- Compensation: $12,120
- Related: $0
- Other: $0
- Compensation: $14,010
- Related: $0
- Other: $0
- Compensation: $13,740
- Related: $0
- Other: $0
- Compensation: $12,390
- Related: $0
- Other: $0
- Compensation: $221,494
- Related: $0
- Other: $51,892
- Compensation: $106,813
- Related: $0
- Other: $69,000
- Compensation: $165,838
- Related: $0
- Other: $40,303
- Compensation: $149,056
- Related: $0
- Other: $27,659
- Compensation: $149,922
- Related: $0
- Other: $39,896
- Compensation: $157,939
- Related: $0
- Other: $40,419
- Compensation: $163,317
- Related: $0
- Other: $42,761
Official website here: www.pieg.com
Where can I find the form 990 for Presque Isle Electric & Gas Co-Op?
Presque Isle Electric & Gas Co-Op's most recent form 990 was submitted in 2023 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.
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Impact
October, 2024
Presque Isle Electric & Gas Co-Op plays a significant role in enhancing the quality of life for its members by providing reliable energy services. Serving 34,819 electric members and 13,161 natural gas members in Onaway, Michigan, the cooperative focuses on meeting the energy needs of its community. By utilizing a cooperative business structure, it effectively channels resources into services that benefit its members, ensuring that they have access to the essential utilities that support their daily lives. The co-op’s commitment to sustainability and community well-being fosters a strong sense of belonging and support among its members, ultimately contributing to the overall stability and growth of the region.
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.
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: $48,085
- Program Service Revenue: $60,679,105
- Gross Receipts: $61,930,560
Assets and Liabilities:
- Total Assets: $186,492,405
- Total Liabilities: $135,060,205
- Net Assets: $51,432,200
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electric & Gas Sales
Revenue
$55,844,156
Capital Credits
Revenue
$2,412,791
Broadband Services
Revenue
$1,912,870
Other Member Services
Revenue
$498,576
Organization Details
Founding Year
1937
Principal Officer
Thomas J Sobeck
Website
www.pieg.comNTEE Category
Code: W80 - Public benefit
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