NonprofitsGreat Lakes Energy Cooperative

Great Lakes Energy Cooperative

BOYNE CITY, MI

Total revenue

$278.4M

Total expenses

$275.1M

Net assets

$281.0M

Grants received

EIN

383321875

Tax year

2024

Mission

To deliver reliable electric service at the best possible value for rural Michigan members.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$275.8M
Investment income$2.1M
Other revenue$547K
Total revenue$278.4M

Expenses

Grants paid
Salaries & benefits$46.2M
Fundraising
Other expenses$210.4M
Total expenses$275.1M
Total assets$1.0B
Net assets$281.0M

People

19 listed

NameRoleCompensation

Shaun Lamp

President & CEO

Board

$585K

57 hrs/wk

Shari Culver

Chief Operating Officer

Board

$339K

49 hrs/wk

Jennifer Wilson

Chief Impact Officer

Board

$331K

51 hrs/wk

John Fettig

Chief Financial Officer (End Apr)

Board

$327K

58 hrs/wk

Denne' Smith

Chief Financial Officer (Beg Apr)

Board

$305K

58 hrs/wk

Howard Bowersox

Chairman

Board

$47K

9 hrs/wk

John LaForge

Director

Board

$39K

5 hrs/wk

Mark Carson

Director

Board

$39K

3 hrs/wk

Mary O'Connell

Director

Board

$39K

9 hrs/wk

Rick Evans

Director

Board

$36K

8 hrs/wk

Paul Byl

Secretary

Board

$34K

6 hrs/wk

David Coveyou

Director

Board

$31K

3 hrs/wk

Dale Farrier

Treasurer

Board

$30K

3 hrs/wk

Janet Anderson

Vice Chairman

Board

$29K

6 hrs/wk

Daryl Desloover

VP of Information Technology

Staff

$312K

57 hrs/wk

Ashley Smith

VP of Engineering

Staff

$288K

60 hrs/wk

Kevin Forbes

Director of Operations

Staff

$232K

60 hrs/wk

Thomas McLouth

Lineworker

Staff

$217K

54 hrs/wk

Nicholas Ochampaugh

Lineworker

Staff

$217K

55 hrs/wk

Independent contractors

Trees LLC

Right of way tree clearing

$2.3M

Alpine Tree Service LLC

Right of way tree clearing

$816K

Aviso LLC

Consulting services

$228K

Dykema Gossett PLLC

Professional Services

$212K

Bodman PLC

Professional Services

$116K

Details

EIN383321875
Subsection12
Ruling date1997-10
Formed1998
Employees320
Volunteers0
GREAT LAKES ENERGY COOPERATIVE — Mission, Financials & Grants Received | Grantivo