Overview
What is Thumb Electric Cooperative Of Michigan Inc?
Thumb Electric Cooperative of Michigan Inc is a public utilities nonprofit organization, headquartered in Michigan, serving approximately 12,274 members. Their primary mission is to deliver electric power and essential services to their community. Expanding beyond electricity, they also offer broadband services to enhance connectivity and improve the overall quality of life for their members.
Official website here: www.tecmi.coop
What are the reviews and ratings of this charity?
The Thumb Electric Cooperative Of Michigan Inc is currently not rated by Charity Navigator. The absence of a rating does not suggest a positive or negative standing; rather, it may be due to a lack of available data to fulfill the criteria necessary for evaluation. Historically, ratings were based mostly on Accountability and Finance but required additional data points for a comprehensive current assessment.
The organization does not qualify for ratings on Impact & Measurement, Culture & Community, or Leadership & Adaptability as it is not a 501(c)(3) IRS registered nonprofit. Its independent status per IRS Business Master File is confirmed; however, the specific operational details like total revenue or expenses are unreported, limiting the scope of financial insight that can be provided.
No user reviews are currently available on GreatNonprofits, leaving a gap in community feedback and external perception. As such, potential beneficiaries or members may need to seek additional information directly from the cooperative or other local resources to gain understanding of its community impact or involvement.
This AI summary has been generated from information found on Charity Navigator.
Is Thumb Electric Cooperative Of Michigan Inc legitimate?
Thumb Electric Cooperative Of Michigan Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Thumb Electric Cooperative Of Michigan 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: $818,441
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.tecmi.coop
What is the mission statement of Thumb Electric Cooperative Of Michigan Inc?
Thumb Electric Cooperative of Michigan is a public utilities organization that caters to the power needs of approximately 12,000 members. Their primary mission revolves around providing electric services, ensuring access to reliable and essential energy resources for the community they serve. Beyond electricity, they aim to expand their offerings by incorporating broadband capabilities. This expansion signifies their commitment to delivering modern and comprehensive solutions to enhance the everyday lives of their members. By focusing on both power and broadband, Thumb Electric Cooperative of Michigan aspires to foster progress and improve the overall quality of life for those within their community.
Official website here: www.tecmi.coop
Who is the CEO of Thumb Electric Cooperative Of Michigan Inc?
Deborah Peruski is the Broadband Manager of Thumb Electric Cooperative Of Michigan Inc.
Official website here: www.tecmi.coop
What is the revenue of Thumb Electric Cooperative Of Michigan Inc?
Thumb Electric Cooperative Of Michigan Inc's revenue in 2022 was $28,200,697.
Official website here: www.tecmi.coop
Who are the executives of Thumb Electric Cooperative Of Michigan Inc and what are their salaries?
The average compensation at Thumb Electric Cooperative Of Michigan Inc during 2022 was $17,414. There are 47 employees at Thumb Electric Cooperative Of Michigan Inc.
Here are 18 key members and their salaries:
- Compensation: $190,585
- Related: $0
- Other: $120,678
- Compensation: $279,301
- Related: $0
- Other: $31,417
- Compensation: $116,876
- Related: $0
- Other: $164,807
- Compensation: $153,661
- Related: $0
- Other: $76,670
- Compensation: $169,163
- Related: $0
- Other: $55,112
- Compensation: $174,757
- Related: $0
- Other: $38,315
- Compensation: $160,941
- Related: $0
- Other: $43,116
- Compensation: $155,768
- Related: $0
- Other: $44,029
- Compensation: $12,813
- Related: $0
- Other: $0
- Compensation: $10,150
- Related: $0
- Other: $0
- Compensation: $10,113
- Related: $0
- Other: $0
- Compensation: $10,063
- Related: $0
- Other: $0
- Compensation: $8,513
- Related: $0
- Other: $0
- Compensation: $8,463
- Related: $0
- Other: $0
- Compensation: $6,813
- Related: $0
- Other: $0
- Compensation: $5,238
- Related: $0
- Other: $0
- Compensation: $2,813
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
Official website here: www.tecmi.coop
Where can I find the form 990 for Thumb Electric Cooperative Of Michigan Inc?
Thumb Electric Cooperative Of Michigan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tecmi.coop
Learn more at the official website: www.tecmi.coop
Mission Statement of Thumb Electric Cooperative Of Michigan Inc
Thumb Electric Cooperative of Michigan, a public utilities organization, is dedicated to providing electric power and essential services to a community of 12,274 members. This nonprofit cooperative goes beyond just supplying electricity; it is committed to powering the lives of its members.
In the heart of its mission, Thumb Electric Cooperative of Michigan works tirelessly to ensure reliable and efficient electric power, enabling its members to carry out their daily activities with ease. The cooperative's reach extends beyond the basic provision of electricity. It aspires to foster a strong and interconnected community, empowering its members to thrive in their daily lives.
Thumb Electric Cooperative of Michigan is more than just a power provider. It is a vital partner in the lives of its members, providing them with the essential energy they need to live, work, and connect. The organization's unwavering commitment to its community is at the core of its identity. It is a testament to its dedication to making a difference in the lives of its members, one family at a time.
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Impact
October, 2024
Thumb Electric Cooperative of Michigan Inc plays a significant role in providing essential electric power and services to over 12,000 members in the Ubly area. By serving as a vital public utilities organization, it ensures that its members have access to reliable electricity, which supports both residential needs and local businesses. In addition to its core electric service, Thumb Electric Cooperative is also working to expand broadband access, which is increasingly important in today’s digital world. The cooperative fosters community development by enhancing connectivity and empowering members with the resources they need for growth and success. This local focus not only contributes to the quality of life for its members but also strengthens the overall economic stability of the region.
This information is meant to be a general summary of Thumb Electric Cooperative Of Michigan 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: $637,946
- Program Service Revenue: $27,510,812
- Gross Receipts: $28,219,386
Assets and Liabilities:
- Total Assets: $142,582,924
- Total Liabilities: $110,594,045
- Net Assets: $31,988,879
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sales of Electricity
Revenue
$24,315,377
Service Fees
Revenue
$104,615
Capital Credits
Revenue
$637,706
Fiber Revenue/RDOF
Revenue
$2,358,431
Pole Attachments
Revenue
$94,683
Organization Details
Founding Year
1937
Phone
(989) 658-8571Principal Officer
Deborah Peruski
Main Address
2231 Main Street, Ubly, MI, 48475
Website
www.tecmi.coopIf you are a representative of Thumb Electric Cooperative Of Michigan Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.