Great Lakes Energy Cooperative

Organization Overview

Great Lakes Energy Cooperative is located in Boyne City, MI. The organization was established in 1997. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Great Lakes Energy Cooperative employed 316 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Lakes Energy Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Great Lakes Energy Cooperative generated $238.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $238.0m during the year ending 12/2021. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO DELIVER RELIABLE ELECTRIC SERVICE AT THE BEST POSSIBLE VALUE FOR RURAL MICHIGAN MEMBERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE ELECTRIC SERVICE TO MEMBER/CUSTOMERS - APPROXIMATELY 125,000 MEMBER/CUSTOMERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Trees Llc
Right Of Way Tree Clearing
$3,873,056
Gustafson Hdd Llc
Underground Fiber Boring
$548,857
Roemer Utility Services
Ug Boring Contractor
$699,794
Tip Top Drilling Llc
Underground Boring Contractor
$310,522
Alpine Tree Service
Right Of Way Tree Clearing
$245,699
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$235,758,196
Investment income $2,045,001
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $178,935
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $238,017,889

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