Overview
What is Great Lakes Energy Cooperative?
Great Lakes Energy Cooperative is a Michigan-based nonprofit organization, specifically located at 1323 Boyne Avenue in Boyne City. With approximately 125,000 members and customers, the cooperative focuses on providing reliable electric services to rural communities in the state. Their mission encompasses delivering electric service at the best possible value for their members. Established and governed by the communities they serve, Great Lakes Energy Cooperative offers innovative energy and communications programs and services, connecting members to enhanced solutions. The organization employs a team of 325 individuals dedicated to ensuring a reliable and economical energy supply for their members.
Official website here: www.gtlakes.com
What are the reviews and ratings of this charity?
The Great Lakes Energy Cooperative is currently unrated by Charity Navigator. The absence of a rating does not reflect negatively or positively on the organization; rather, it indicates that there has been no evaluation yet due to the cooperative not fitting the rating criteria used by Charity Navigator for 501(c)(3) nonprofits.
Charity Navigator's standard evaluation methods do not apply to Great Lakes Energy Cooperative as it is not a 501(c)(3) organization. Thus, it hasn't been assessed under the Accountability & Finance or Impact & Measurement methodologies. Consequently, public information on the organization's financials and key salary data isn't currently available.
There are no user reviews available on GreatNonprofits for Great Lakes Energy Cooperative, so public perception and qualitative feedback are limited. The lack of such feedback means there is minimal publicly available information on stakeholder satisfaction or community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Great Lakes Energy Cooperative legitimate?
Great Lakes Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Great Lakes Energy 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: $2,000,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.gtlakes.com
What is the mission statement of Great Lakes Energy Cooperative?
Great Lakes Energy Cooperative is dedicated to delivering dependable electric service to rural communities in Michigan at an optimal value for its members. Established and governed by the communities it serves, the cooperative focuses on connecting members to innovative energy and communication programs and services. By offering reliable electric service, the cooperative enhances the lives of approximately 125,000 members through its commitment to providing essential energy solutions.
Official website here: www.gtlakes.com
Who is the CEO of Great Lakes Energy Cooperative?
Shaun Lamp is the Pres, Chief Executive Officer of Great Lakes Energy Cooperative. The CEO's salary of Great Lakes Energy Cooperative is $287,537 and their total compensation is $390,142.
Official website here: www.gtlakes.com
What is the revenue of Great Lakes Energy Cooperative?
Great Lakes Energy Cooperative's revenue in 2022 was $262,446,486.
Official website here: www.gtlakes.com
Who are the executives of Great Lakes Energy Cooperative and what are their salaries?
The average compensation at Great Lakes Energy Cooperative during 2022 was $6,156. There are 325 employees at Great Lakes Energy Cooperative.
Here are 20 key members and their salaries (Great Lakes Energy Cooperative's CEO's salary is $287,537 and their total compensation is $390,142):
- Compensation: $315,952
- Related: $58,950
- Other: $136,121
- Compensation: $241,012
- Related: $58,057
- Other: $121,983
- Compensation: $210,805
- Related: $52,244
- Other: $128,108
- Compensation: $287,537
- Related: $8,253
- Other: $94,352
- Compensation: $293,447
- Related: $25
- Other: $94,750
- Compensation: $229,627
- Related: $0
- Other: $145,726
- Compensation: $222,164
- Related: $0
- Other: $107,314
- Compensation: $230,719
- Related: $6,112
- Other: $76,277
- Compensation: $20,763
- Related: $222,288
- Other: $5,282
- Compensation: $191,566
- Related: $0
- Other: $47,020
- Compensation: $41,000
- Related: $1,800
- Other: $0
- Compensation: $32,200
- Related: $6,000
- Other: $0
- Compensation: $31,300
- Related: $6,150
- Other: $0
- Compensation: $34,850
- Related: $0
- Other: $0
- Compensation: $34,600
- Related: $0
- Other: $0
- Compensation: $31,650
- Related: $0
- Other: $0
- Compensation: $29,600
- Related: $0
- Other: $0
- Compensation: $26,700
- Related: $0
- Other: $0
- Compensation: $20,700
- Related: $4,550
- Other: $0
- Compensation: $9,200
- Related: $0
- Other: $0
Official website here: www.gtlakes.com
Where can I find the form 990 for Great Lakes Energy Cooperative?
Great Lakes Energy Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gtlakes.com
Learn more at the official website: www.gtlakes.com
Mission Statement of Great Lakes Energy Cooperative
Great Lakes Energy Cooperative, with its mission to deliver dependable electric services at the most optimal value for rural Michigan residents, is a community-led organization that goes beyond just providing electricity. Built on the foundation of connecting members to innovative energy and communication programs and services, the cooperative takes pride in its commitment to its members.
The Great Lakes Energy Cooperative is a testament to the power of community involvement and collaboration. With a membership base of approximately 125,000, the organization is dedicated to ensuring a consistent electric service for its members while delivering it at the best possible value. Its mission extends beyond the mere provision of electricity; it strives to bring innovative energy solutions to its members.
Innovation is at the heart of Great Lakes Energy Cooperative's mission. By connecting its members to advanced energy and communication programs and services, the cooperative aims to exceed expectations and meet the evolving needs of rural Michigan residents. The organization's dedication to its members is evident in its commitment to delivering reliable electricity and staying at the forefront of energy industry advancements.
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Impact
October, 2024
Great Lakes Energy Cooperative significantly impacts rural Michigan through its commitment to delivering reliable electric service at the best possible value for its members. Serving approximately 125,000 member-customers, the cooperative enhances community well-being by providing essential energy services that are tailored to the unique needs of the areas it serves.
The cooperative is built and led by the communities it supports, ensuring that local voices are heard and priorities are met. Beyond traditional electric service, Great Lakes Energy connects its members to innovative energy and communications programs, fostering growth and sustainability in rural regions. Through these efforts, it not only maintains high standards of service but also empowers communities, promoting energy accessibility and enhancing the quality of life for its members.
This information is meant to be a general summary of Great Lakes Energy 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 2022.
- Investment Income: $1,492,921
- Program Service Revenue: $254,837,705
- Gross Receipts: $262,493,398
Assets and Liabilities:
- Total Assets: $877,952,006
- Total Liabilities: $627,886,120
- Net Assets: $250,065,886
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRICITY SOLD TO MEMBERS
Revenue
$235,126,373
PROGRAM RELATED INVESTMENT INCOME
Revenue
$10,654,546
POLE RENTAL
Revenue
$664,844
TOWER & BUILDING RENTAL
Revenue
$105,513
FIBER OPTIC ROU ASSET
Revenue
$8,286,429
Organization Details
Founding Year
1998
Phone
(231) 582-6521Principal Officer
Shaun Lamp
Main Address
1323 Boyne Avenue, Boyne City, MI, 49712
Website
www.gtlakes.comNTEE Category
Code: W80 - Public benefit
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