Cherryland Electric Cooperative Inc

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

EIN: 380416525 ✦ Grawn, MI ✦ Designated as a 501(c)(12)

Overview

What is Cherryland Electric Cooperative Inc?

Cherryland Electric Cooperative Inc is a nonprofit organization based on providing electric services to over 35,000 members. As a cooperative, it is structured as public utilities. In simpler terms, Cherryland Electric Cooperative operates as a community-owned electric utility, supplying power to its members. Its mission is centered around delivering essential electric services, ensuring reliable access for thousands of households and businesses within its reach.


Official website here: www.cherrylandelectric.coop

Is Cherryland Electric Cooperative Inc legitimate?

Cherryland Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cherryland Electric Cooperative 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $949,767
Professional Fundraising Fees: $0
Other Salaries and Wages: $646,503

For more financial information, click here


Official website here: www.cherrylandelectric.coop

What is the mission statement of Cherryland Electric Cooperative Inc?

Cherryland Electric Cooperative Inc is an electric cooperative that serves over 35,000 members as public utilities. Its mission revolves around providing electric services to its community. The cooperative is organized to ensure reliable and sustainable electric solutions for its members. By operating as a cooperative, it fosters a sense of ownership and community among its members. Cherryland Electric Cooperative's commitment extends beyond just supplying electricity, as it strives to maintain a strong connection with the people it serves. This community-focused approach sets it apart as a vital provider of essential electric services.


Official website here: www.cherrylandelectric.coop

Who is the CEO of Cherryland Electric Cooperative Inc?

Mark Wilson is the Senior Vice President of Cherryland Electric Cooperative Inc.


Official website here: www.cherrylandelectric.coop

What is the revenue of Cherryland Electric Cooperative Inc?

Cherryland Electric Cooperative Inc's revenue in 2022 was $62,035,173.


Official website here: www.cherrylandelectric.coop

Who are the executives of Cherryland Electric Cooperative Inc and what are their salaries?

The average compensation at Cherryland Electric Cooperative Inc during 2022 was $27,055. There are 59 employees and 14 volunteers at Cherryland Electric Cooperative Inc.

Here are 14 key members and their salaries:

    Anthony Anderson (General Manager)
  • Compensation: $305,845
  • Related: $0
  • Other: $226,809

    • Mark Wilson (Cfo)
  • Compensation: $168,368
  • Related: $0
  • Other: $91,683

    • Frank Siepker (Engineer & Operations Mana)
  • Compensation: $170,812
  • Related: $0
  • Other: $82,730

    • Rachel Johnson (Member Relations Manager)
  • Compensation: $157,492
  • Related: $0
  • Other: $55,826

    • David Bott (Crew Foreman)
  • Compensation: $159,014
  • Related: $0
  • Other: $48,016

    • Bruce Stocking (Crew Foreman)
  • Compensation: $150,993
  • Related: $0
  • Other: $50,882

    • J Philip Scott (Crew Foreman)
  • Compensation: $172,989
  • Related: $0
  • Other: $12,364

    • David Schweitzer (President) [Trustee/Director]
  • Compensation: $23,900
  • Related: $0
  • Other: $10

    • Melinda Lautner (Senior Vice President) [Trustee/Director]
  • Compensation: $23,000
  • Related: $0
  • Other: $10

    • Thomas Van Pelt (Treasurer) [Trustee/Director]
  • Compensation: $23,000
  • Related: $0
  • Other: $10

    • Gabriel Ts Schneider (Secretary) [Trustee/Director]
  • Compensation: $22,100
  • Related: $0
  • Other: $10

    • Terry Lautner (Director)
  • Compensation: $22,000
  • Related: $0
  • Other: $10

    • Valarie Handy (Director)
  • Compensation: $21,500
  • Related: $0
  • Other: $2

    • Dean Adams (Director)
  • Compensation: $14,000
  • Related: $0
  • Other: $5


  • Official website here: www.cherrylandelectric.coop

    Where can I find the form 990 for Cherryland Electric Cooperative Inc?

    The Cherryland Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cherrylandelectric.coop

    Learn more at the official website: www.cherrylandelectric.coop

    Mission Statement of Cherryland Electric Cooperative Inc

    Cherryland Electric Cooperative, a key player in the electric utility sector, serves over 35,000 members as a dedicated electric cooperative. With a mission to electrify communities, this organization operates as a public utility, providing essential electric services to its members.

    At the heart of Cherryland Electric Cooperative's operations lies a deep-rooted commitment to its members. As a not-for-profit entity, it prioritizes the needs of its community, ensuring reliable and affordable electricity to power their daily lives. By organizing itself as public utilities, the cooperative embodies a community-driven approach to energy provision, fostering a sense of unity and shared responsibility among its members.

    Cherryland Electric Cooperative's mission transcends merely delivering electricity; it's about empowering its members to thrive in their homes and communities. By providing electric services, this cooperative plays a vital role in supporting the infrastructure and economic development of the areas it serves. With a strong commitment to public service, Cherryland Electric Cooperative continues to make a positive impact on the lives of its members and the communities they call home.

    Impact

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




    Thursday, August 15, 2024

    Cherryland Electric Cooperative Inc's impact is significant as it provides electric services to over 35,000 members in Grawn, Michigan. This cooperative plays a crucial role in ensuring that the community has access to reliable electricity, contributing to the welfare and development of the region. By organizing as a public utility, Cherryland Electric Cooperative Inc demonstrates a commitment to serving the public good and meeting the energy needs of its members.





    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: $3,110,743
  • Program Service Revenue: $58,746,530
  • Gross Receipts: $62,035,173

    • Assets and Liabilities:
  • Total Assets: $135,639,535
  • Total Liabilities: $79,606,286
  • Net Assets: $56,033,249
  • Programs

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

    MEMBER ELECTRIC REVENUE

    Revenue

    $58,429,091

    SERVICE CHARGES

    Revenue

    $138,997

    STREET LIGHTS

    Revenue

    $101,879

    POLE CONTACT FEES

    Revenue

    $76,563

    Organization Details

    Founding Year

    1938

    Principal Officer

    Mark Wilson

    Main Address

    PO BOX 298 5930 US 31 SOUTH, GRAWN, MI, 49637

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Cherryland Electric Cooperative 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.