Overview
What is Peninsula Light Company?
Peninsula Light Company is a nonprofit organization based in Gig Harbor, Washington. With a mission to provide electricity and water to their members, they currently serve approximately 32,640 individuals. The company's operations are focused on ensuring reliable and responsible delivery of essential utilities. Employing a workforce of 98 people, Peninsula Light Company maintains a fiscal responsibility, ensuring the continued success of the mutual corporation.
Official website here: www.penlight.org
What do the Facebook reviews say about Peninsula Light Company?
92% of 396 reviewers on Facebook recommend Peninsula Light Company. Here is a summary of their reviews:
Many users have praised the staff for their courteous and friendly service, highlighting their accommodating nature. Customers seem to appreciate the effort the company puts into resolving issues and providing support. This positive sentiment points to a strong dedication to customer satisfaction.
Overall, the feedback suggests that Peninsula Light Company successfully meets the needs of its users, fostering a sense of reliability and trust within the community.
This AI summary has been generated from reviews found on Facebook.
Is Peninsula Light Company legitimate?
Peninsula Light Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Peninsula Light Company 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: $1,196,191
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,732,612
For more financial information, click here
Official website here: www.penlight.org
What is the mission statement of Peninsula Light Company?
Peninsula Light Company's mission is centered around providing electricity and water to its members, while maintaining fiscal responsibility. All activities of the company are geared towards this goal, consistent with the purposes of a mutual corporation. The distribution of electricity and water to members' properties is a key aspect of the company's operations, currently serving around 32,640 members. The company's commitment to its members and responsible financial management allows it to effectively deliver essential utilities.
Official website here: www.penlight.org
Who is the CEO of Peninsula Light Company?
Jafar Taghavi is the Chief Executive Officer of Peninsula Light Company. The CEO's salary of Peninsula Light Company is $518,848 and their total compensation is $701,999.
Official website here: www.penlight.org
What is the revenue of Peninsula Light Company?
Peninsula Light Company's revenue in 2022 was $66,134,735.
Official website here: www.penlight.org
Who are the executives of Peninsula Light Company and what are their salaries?
The average compensation at Peninsula Light Company during 2022 was $29,886. There are 98 employees at Peninsula Light Company.
Here are 17 key members and their salaries (Peninsula Light Company's CEO's salary is $518,848 and their total compensation is $701,999):
- Compensation: $518,848
- Related: $0
- Other: $183,151
- Compensation: $210,822
- Related: $0
- Other: $54,691
- Compensation: $175,800
- Related: $0
- Other: $70,459
- Compensation: $145,943
- Related: $0
- Other: $95,899
- Compensation: $194,959
- Related: $0
- Other: $34,551
- Compensation: $178,948
- Related: $0
- Other: $32,285
- Compensation: $172,677
- Related: $0
- Other: $34,958
- Compensation: $31,350
- Related: $0
- Other: $0
- Compensation: $29,350
- Related: $0
- Other: $0
- Compensation: $29,350
- Related: $0
- Other: $0
- Compensation: $29,050
- Related: $0
- Other: $0
- Compensation: $28,300
- Related: $0
- Other: $0
- Compensation: $27,050
- Related: $0
- Other: $0
- Compensation: $25,250
- Related: $0
- Other: $0
- Compensation: $24,500
- Related: $0
- Other: $0
- Compensation: $18,400
- Related: $0
- Other: $0
- Compensation: $9,750
- Related: $0
- Other: $0
Official website here: www.penlight.org
Where can I find the form 990 for Peninsula Light Company?
Peninsula Light Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.penlight.org
Learn more at the official website: www.penlight.org
Mission Statement of Peninsula Light Company
Peninsula Light Company, a mutual corporation, is dedicated to providing electricity and water to its members in a financially prudent manner, aligning with the organization's purpose. The company's mission revolves around ensuring the delivery of essential utilities to approximately 32,640 members' properties. By supplying electricity and water, Peninsula Light Company enhances the daily lives of its members and contributes to their well-being. The organization's fiscally responsible approach to operating the business ensures the sustainability of the services it provides.
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Impact
October, 2024
Peninsula Light Company plays a vital role in serving the Gig Harbor community by providing reliable electricity and water to approximately 32,640 members. Its operations focus on efficient distribution, ensuring that both essential services are delivered consistently and responsibly. The company's commitment to fiscal responsibility underpins its mission, allowing it to manage resources effectively while prioritizing member needs. By fulfilling its purpose as a mutual corporation, Peninsula Light not only enhances the quality of life for residents but also fosters a sense of community through its dedicated service.
This information is meant to be a general summary of Peninsula Light Company. 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: $280,685
- Program Service Revenue: $64,920,598
- Gross Receipts: $66,151,859
Assets and Liabilities:
- Total Assets: $209,146,749
- Total Liabilities: $38,889,309
- Net Assets: $170,257,440
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRICITY
Revenue
$62,422,627
WATER
Revenue
$1,593,223
HOOKUP/DISCONNECT/ENGINEERING
Revenue
$339,531
MEMBER SERVICE INC
Revenue
$410,885
BPA REIMBURSEMENT
Revenue
$153,512
Organization Details
Founding Year
1925
Phone
(253) 857-5950Principal Officer
Jafar Taghavi
Main Address
13315 Goodnough Dr NW, Gig Harbor, WA, 98332
Website
www.penlight.orgNTEE Category
Code: W80 - Public benefit
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