Cloverland Electric Cooperative

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

EIN: 380429495 ✦ Sault ste marie, MI ✦ Designated as a 501(c)(12)

Overview

What is Cloverland Electric Cooperative?

Cloverland Electric Cooperative, based in Sault Ste Marie, Michigan, is a community-focused institution dedicated to delivering electric power to over 44,000 members. As a public policy and public services organization, they provide essential energy solutions to enhance the daily lives of their members. Their mission is deeply rooted in the local community, ensuring reliable and sustainable electric power.


Official website here: www.cloverland.com

Is Cloverland Electric Cooperative legitimate?

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

Here are some key statistics you may want to consider:

Executive Compensation: $787,382
Professional Fundraising Fees: $0
Other Salaries and Wages: $612,205

For more financial information, click here


Official website here: www.cloverland.com

What is the mission statement of Cloverland Electric Cooperative?

Cloverland Electric Cooperative is a non-profit organization dedicated to delivering electric power to its community. With a membership base of over 44,000, the cooperative serves as a crucial public service institution. Its mission encompasses the provision of electricity to its members, contributing to their daily lives and powering their communities. The organization is deeply rooted in public policy, working to ensure the reliable and affordable delivery of electric power to its constituents.


Official website here: www.cloverland.com

Who is the CEO of Cloverland Electric Cooperative?

Michael Heise is the Chairperson of Cloverland Electric Cooperative. The CEO's salary of Cloverland Electric Cooperative is $320,806 and their total compensation is $459,222.


Official website here: www.cloverland.com

What is the revenue of Cloverland Electric Cooperative?

Cloverland Electric Cooperative's revenue in 2022 was $89,448,818.


Official website here: www.cloverland.com

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

The average compensation at Cloverland Electric Cooperative during 2022 was $10,766. There are 130 employees and 9 volunteers at Cloverland Electric Cooperative.

Here are 17 key members and their salaries (Cloverland Electric Cooperative's CEO's salary is $320,806 and their total compensation is $459,222):

    Michael Heise (President/Ceo)
  • Compensation: $320,806
  • Related: $0
  • Other: $138,416

    • Brian Lavey (Dir Of Engineering)
  • Compensation: $147,385
  • Related: $0
  • Other: $57,491

    • Patrick Frazier (Coo)
  • Compensation: $171,699
  • Related: $0
  • Other: $17,160

    • Roger Line (Dir Of Generation)
  • Compensation: $144,583
  • Related: $0
  • Other: $41,476

    • Jared Kangas (Line Foreman)
  • Compensation: $140,175
  • Related: $0
  • Other: $44,075

    • Jeff Benoit (Line Foreman)
  • Compensation: $138,469
  • Related: $0
  • Other: $44,087

    • Matt Shadnaw (Lineman)
  • Compensation: $135,940
  • Related: $0
  • Other: $30,936

    • Jillian King (Director Of Finance)
  • Compensation: $114,972
  • Related: $0
  • Other: $47,790

    • William Lalonde (Chairperson) [Trustee/Director]
  • Compensation: $11,200
  • Related: $0
  • Other: $794

    • Jason Oberle (Director)
  • Compensation: $11,182
  • Related: $0
  • Other: $794

    • Virgil Monroe (Director)
  • Compensation: $11,040
  • Related: $0
  • Other: $789

    • Ronald Provo (Director)
  • Compensation: $11,000
  • Related: $0
  • Other: $786

    • Gerald Nettleton (Director)
  • Compensation: $10,900
  • Related: $0
  • Other: $794

    • John Sawruk (Vice Chairperson) [Trustee/Director]
  • Compensation: $10,220
  • Related: $0
  • Other: $794

    • Carmine Bonacci Jr (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $9,850
  • Related: $0
  • Other: $794

    • Jason St Onge (Director)
  • Compensation: $6,566
  • Related: $0
  • Other: $803

    • Kevin Vanatta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $3,747


  • Official website here: www.cloverland.com

    Where can I find the form 990 for Cloverland Electric Cooperative?

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


    Official website here: www.cloverland.com

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

    Mission Statement of Cloverland Electric Cooperative

    Cloverland Electric Cooperative, a public policy and public services institution based in Michigan, is dedicated to supplying electric power to over 44,000 members. This organization plays a vital role in the community by ensuring that its members have consistent access to electricity.

    Founded in Sault Ste Marie, MI, Cloverland Electric Cooperative goes beyond just providing electricity, acting as a trusted entity that serves its community. The cooperative's mission is geared towards delivering electric power to its members, making a difference in their daily lives and contributing to the overall development of the community. By focusing on public policy and public services, Cloverland Electric Cooperative strives to create a sustainable energy infrastructure and ensure that the needs of its members are met.

    Impact

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




    Thursday, August 15, 2024

    Cloverland Electric Cooperative provides electric power to 44,622 members in Sault Ste Marie, MI. This reliable source of electricity has a significant impact on the community by powering homes, businesses, and essential services, contributing to economic development and quality of life in the region. Furthermore, Cloverland Electric Cooperative's services play a crucial role in supporting the daily operations and activities of its members, demonstrating its vital role in the local infrastructure.





    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: $1,529,605
  • Program Service Revenue: $87,946,072
  • Gross Receipts: $93,151,354

    • Assets and Liabilities:
  • Total Assets: $214,176,437
  • Total Liabilities: $148,836,119
  • Net Assets: $65,340,318
  • Programs

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

    ELECTRIC REVENUE FROM MEMBERS

    Revenue

    $87,619,410

    POLE CONTACT FEES

    Revenue

    $326,662

    Organization Details

    Founding Year

    1938

    Principal Officer

    Michael Heise

    Main Address

    725 EAST POSTAGE AVE, SAULT STE MARIE, MI, 49783

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Cloverland Electric Cooperative 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.