Alger Delta Cooperative Electric Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 380289531 ✦ Gladstone, MI ✦ Designated as a 501(c)(12)

Overview

What is Alger Delta Cooperative Electric Association?

Alger Delta Cooperative Electric Association is a Michigan-based nonprofit organization, specifically located at 426 N 9th St, Gladstone, MI, 49837. They serve the rural communities of Marquette, Alger, Delta, Dickinson, Schoolcraft, and Menominee counties in the Upper Peninsula, where they provided electricity to a total of 9,075 members in 2022. As an electrical distribution utility, their mission is to deliver essential electrical services to these communities, covering a significant portion of the Upper Peninsula. Their team comprises 22 dedicated employees, focusing on bringing power to the often remote and rural areas.


Official website here: www.algerdelta.com

Is Alger Delta Cooperative Electric Association legitimate?

Alger Delta Cooperative Electric Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Alger Delta Cooperative Electric Association 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $596,922
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,313,958

For more financial information, click here


Official website here: www.algerdelta.com

What is the mission statement of Alger Delta Cooperative Electric Association?

The Alger Delta Cooperative Electric Association serves as an electrical distribution utility, dedicated to bringing power to rural communities. Its primary mission is to provide essential electrical services, reaching a membership of 9,075 individuals in Michigan's Marquette, Alger, Delta, Dickinson, Schoolcraft, and Menominee counties in 2022. By delivering electricity to these areas, the cooperative enhances the quality of life and supports the development of these communities.


Official website here: www.algerdelta.com

Who is the CEO of Alger Delta Cooperative Electric Association?

Lynn Labadie is the Director of Alger Delta Cooperative Electric Association.


Official website here: www.algerdelta.com

What is the revenue of Alger Delta Cooperative Electric Association?

Alger Delta Cooperative Electric Association's revenue in 2022 was $18,706,041.


Official website here: www.algerdelta.com

Who are the executives of Alger Delta Cooperative Electric Association and what are their salaries?

The average compensation at Alger Delta Cooperative Electric Association during 2022 was $86,858. There are 22 employees at Alger Delta Cooperative Electric Association.

Here are 17 key members and their salaries:

    Michael Furmanski (General Manager)
  • Compensation: $153,056
  • Related: $0
  • Other: $67,248

    • Troy Tiernan (Operations Manager)
  • Compensation: $117,243
  • Related: $0
  • Other: $60,185

    • Todd Wilson (Working Foreman (Jan-Sept))
  • Compensation: $123,462
  • Related: $0
  • Other: $51,232

    • Jon Conger (Lead Lineman)
  • Compensation: $123,629
  • Related: $0
  • Other: $43,141

    • Brandon Lind (Lineman)
  • Compensation: $112,969
  • Related: $0
  • Other: $38,832

    • Cody Warren (Lead Lineman)
  • Compensation: $118,974
  • Related: $0
  • Other: $31,938

    • Lynn Labadie (Finance Manager)
  • Compensation: $94,363
  • Related: $0
  • Other: $47,852

    • Thomas Viitala (Lead Lineman)
  • Compensation: $119,070
  • Related: $0
  • Other: $22,973

    • Don Johnson (Director)
  • Compensation: $12,400
  • Related: $0
  • Other: $0

    • Doug Bovin (Secretary/Treasurer (Until 12/22)) [Trustee/Director]
  • Compensation: $11,650
  • Related: $0
  • Other: $0

    • Kirk Bruno (Director)
  • Compensation: $10,550
  • Related: $0
  • Other: $0

    • Stephen Wery (Director)
  • Compensation: $7,750
  • Related: $0
  • Other: $0

    • Michael Lawless (President) [Trustee/Director]
  • Compensation: $7,300
  • Related: $0
  • Other: $0

    • Jesse Betters Director Jan-Nov (Treasurer (Beg Dec)) [Trustee/Director]
  • Compensation: $6,650
  • Related: $0
  • Other: $0

    • Karen Alholm (Vp) [Trustee/Director]
  • Compensation: $6,200
  • Related: $0
  • Other: $0

    • Darryl Small (Director)
  • Compensation: $5,400
  • Related: $0
  • Other: $0

    • Dave Prestin (Director(Jan-Oct))
  • Compensation: $4,800
  • Related: $0
  • Other: $0


  • Official website here: www.algerdelta.com

    Where can I find the form 990 for Alger Delta Cooperative Electric Association?

    The Alger Delta Cooperative Electric Association’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.algerdelta.com

    Learn more at the official website: www.algerdelta.com

    Mission Statement of Alger Delta Cooperative Electric Association

    Alger Delta Cooperative Electric Association, a crucial utility provider, is dedicated to delivering electrical services to rural communities in Michigan. With a mission to power the lives of its members, this cooperative electric association serves the residents of Marquette, Alger, Delta, Dickinson, Schoolcraft, and Menominee counties. In 2022, this dedicated organization successfully connected 9,075 individuals and families to the power grid, ensuring essential electrical services for their daily needs. Alger Delta Cooperative Electric Association's unwavering commitment to its rural customer base is deeply rooted in its mission to provide reliable electrical distribution, bringing light and power to the communities it serves.

    Impact

    This information is meant to be a general summary of Alger Delta Cooperative Electric Association. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Alger Delta Cooperative Electric Association's impact lies in its crucial role as an electrical distribution utility providing service to rural areas in the Upper Peninsula of Michigan. In 2022, they served a total of 9,075 members in Marquette, Alger, Delta, Dickinson, Schoolcraft, and Menominee counties. This direct provision of electricity has not only improved the quality of life for these rural communities but also helped in advancing economic development and enhancing the overall infrastructure in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $30,111
  • Program Service Revenue: $18,675,930
  • Gross Receipts: $18,706,041

    • Assets and Liabilities:
  • Total Assets: $54,541,428
  • Total Liabilities: $36,376,967
  • Net Assets: $18,164,461
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Electricity Sales

    Revenue

    $18,403,401

    Capital Credits

    Revenue

    $153,648

    ATC LLC Investment

    Revenue

    $117,951

    Organization Details

    Founding Year

    1937

    Principal Officer

    Lynn Labadie

    Main Address

    426 N 9th St, Gladstone, MI, 49837

    NTEE Category

    Code: W80 - Public benefit

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