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Employer Identification Number 38-0941545

PRESQUE ISLE ELECTRIC & GAS CO-OP is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:PRESQUE ISLE ELECTRIC & GAS CO-OP
Employer identification number (EIN):38-0941545
EIN Issuing AuthorityCincinnati, OH
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO PROVIDE ENERGY AND OTHER SERVICES TO SUSTAIN AND IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS THROUGH THE USE OF A COOPERATIVE BUSINESS STRUCTURE.
Number of Employees93
Number of Volunteers0
Year Formed1937

Organization Governance

Legal DomicileMI
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 55,706,874
Program Service Revenue from current yearUSD $ 60,679,105
Investment Income from prior yearUSD $ -1,283,710
Investment Income from current yearUSD $ -1,125,437
Other Revenue from prior yearUSD $ 7,070
Other Revenue from current yearUSD $ 14,783
Gross receipts from all sourcesUSD $ 61,930,560
Net assets / fund balances at end of fiscal yearUSD $ 51,192,613
Net assets / fund balances at beginning of fiscal yearUSD $ 51,432,200
Total liabilities at end of fiscal yearUSD $ 168,291,549
Total liabilities at beginning of fiscal yearUSD $ 135,060,205
Total assets at end of fiscal yearUSD $ 219,484,162
Total assets at beginning of fiscal yearUSD $ 186,492,405
Revenues less expenses for current yearUSD $ -2,917,292
Revenues less expenses for previous yearUSD $ -5,924,979
Total expenses for current yearUSD $ 63,612,097
Total expenses for previous yearUSD $ 61,481,567
Other expenses in current yearUSD $ 49,370,080
Other expenses in previous yearUSD $ 48,459,631
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 11,523,112
Employee salary and benefits paid in previous yearUSD $ 10,729,017
Benefits paid to or for members in current yearUSD $ 2,718,905
Benefits paid to or for members in previous yearUSD $ 2,292,919
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 60,694,805
Total revenue in previous fiscal yearUSD $ 55,556,588
Contributions and grants from current yearUSD $ 1,126,354
Contributions and grants from previous yearUSD $ 1,126,354
Cost of goods soldUSD $ 62,233
Gross sales of inventory assetsUSD $ 77,016
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 51,212,965
Program Service Revenue from current yearUSD $ 55,706,874
Investment Income from prior yearUSD $ -606,339
Investment Income from current yearUSD $ -1,283,710
Other Revenue from prior yearUSD $ -3,864
Other Revenue from current yearUSD $ 7,070
Gross receipts from all sourcesUSD $ 56,937,807
Net assets / fund balances at end of fiscal yearUSD $ 51,432,200
Net assets / fund balances at beginning of fiscal yearUSD $ 56,134,801
Total liabilities at end of fiscal yearUSD $ 135,060,205
Total liabilities at beginning of fiscal yearUSD $ 102,199,241
Total assets at end of fiscal yearUSD $ 186,492,405
Total assets at beginning of fiscal yearUSD $ 158,334,042
Revenues less expenses for current yearUSD $ -5,924,979
Revenues less expenses for previous yearUSD $ -2,297,031
Total expenses for current yearUSD $ 61,481,567
Total expenses for previous yearUSD $ 52,899,793
Other expenses in current yearUSD $ 48,459,631
Other expenses in previous yearUSD $ 41,475,579
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 10,729,017
Employee salary and benefits paid in previous yearUSD $ 9,549,978
Benefits paid to or for members in current yearUSD $ 2,292,919
Benefits paid to or for members in previous yearUSD $ 1,874,236
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 55,556,588
Total revenue in previous fiscal yearUSD $ 50,602,762
Contributions and grants from current yearUSD $ 1,126,354
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 48,997
Gross sales of inventory assetsUSD $ 56,067
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 46,339,237
Program Service Revenue from current yearUSD $ 51,212,965
Investment Income from prior yearUSD $ 1,715,774
Investment Income from current yearUSD $ -606,339
Other Revenue from prior yearUSD $ 2,135,742
Other Revenue from current yearUSD $ -3,864
Gross receipts from all sourcesUSD $ 51,322,456
Net assets / fund balances at end of fiscal yearUSD $ 56,134,801
Net assets / fund balances at beginning of fiscal yearUSD $ 57,671,004
Total liabilities at end of fiscal yearUSD $ 102,199,241
Total liabilities at beginning of fiscal yearUSD $ 80,284,528
Total assets at end of fiscal yearUSD $ 158,334,042
Total assets at beginning of fiscal yearUSD $ 137,955,532
Revenues less expenses for current yearUSD $ -2,297,031
Revenues less expenses for previous yearUSD $ 2,985,392
Total expenses for current yearUSD $ 52,899,793
Total expenses for previous yearUSD $ 47,205,361
Other expenses in current yearUSD $ 41,475,579
Other expenses in previous yearUSD $ 41,577,493
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 9,549,978
Employee salary and benefits paid in previous yearUSD $ 4,261,394
Benefits paid to or for members in current yearUSD $ 1,874,236
Benefits paid to or for members in previous yearUSD $ 1,353,188
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 13,286
Total revenue in current fiscal yearUSD $ 50,602,762
Total revenue in previous fiscal yearUSD $ 50,190,753
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 65,622
Gross sales of inventory assetsUSD $ 61,161
2020-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 47,136,274
Program Service Revenue from current yearUSD $ 46,339,237
Investment Income from prior yearUSD $ 1,570,363
Investment Income from current yearUSD $ 1,715,774
Other Revenue from prior yearUSD $ 178,364
Other Revenue from current yearUSD $ 2,135,742
Gross receipts from all sourcesUSD $ 50,243,422
Net assets / fund balances at end of fiscal yearUSD $ 57,671,004
Net assets / fund balances at beginning of fiscal yearUSD $ 54,366,786
Total liabilities at end of fiscal yearUSD $ 80,284,528
Total liabilities at beginning of fiscal yearUSD $ 68,802,691
Total assets at end of fiscal yearUSD $ 137,955,532
Total assets at beginning of fiscal yearUSD $ 123,169,477
Revenues less expenses for current yearUSD $ 2,985,392
Revenues less expenses for previous yearUSD $ -398,015
Total expenses for current yearUSD $ 47,205,361
Total expenses for previous yearUSD $ 49,283,016
Other expenses in current yearUSD $ 41,577,493
Other expenses in previous yearUSD $ 42,726,700
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,261,394
Employee salary and benefits paid in previous yearUSD $ 4,053,176
Benefits paid to or for members in current yearUSD $ 1,353,188
Benefits paid to or for members in previous yearUSD $ 2,489,356
Grants and similar amounts paid in current yearUSD $ 13,286
Grants and similar amounts paid in previous yearUSD $ 13,784
Total revenue in current fiscal yearUSD $ 50,190,753
Total revenue in previous fiscal yearUSD $ 48,885,001
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 52,669
Gross sales of inventory assetsUSD $ 59,083
Total of other revenueUSD $ 2,129,328
2019-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 45,870,930
Program Service Revenue from current yearUSD $ 47,136,274
Investment Income from prior yearUSD $ 1,878,085
Investment Income from current yearUSD $ 1,570,363
Other Revenue from prior yearUSD $ 195,197
Other Revenue from current yearUSD $ 178,364
Gross receipts from all sourcesUSD $ 48,910,950
Net assets / fund balances at end of fiscal yearUSD $ 54,366,786
Net assets / fund balances at beginning of fiscal yearUSD $ 53,967,304
Total liabilities at end of fiscal yearUSD $ 68,802,691
Total liabilities at beginning of fiscal yearUSD $ 69,264,920
Total assets at end of fiscal yearUSD $ 123,169,477
Total assets at beginning of fiscal yearUSD $ 123,232,224
Revenues less expenses for current yearUSD $ -398,015
Revenues less expenses for previous yearUSD $ 164,573
Total expenses for current yearUSD $ 49,283,016
Total expenses for previous yearUSD $ 47,779,639
Other expenses in current yearUSD $ 42,726,700
Other expenses in previous yearUSD $ 41,687,397
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,053,176
Employee salary and benefits paid in previous yearUSD $ 3,679,477
Benefits paid to or for members in current yearUSD $ 2,489,356
Benefits paid to or for members in previous yearUSD $ 2,402,437
Grants and similar amounts paid in current yearUSD $ 13,784
Grants and similar amounts paid in previous yearUSD $ 10,328
Total revenue in current fiscal yearUSD $ 48,885,001
Total revenue in previous fiscal yearUSD $ 47,944,212
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 25,949
Gross sales of inventory assetsUSD $ 25,020
Total of other revenueUSD $ 179,293
2018-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 42,723,566
Program Service Revenue from current yearUSD $ 45,870,930
Investment Income from prior yearUSD $ 1,689,291
Investment Income from current yearUSD $ 1,878,085
Other Revenue from prior yearUSD $ 199,686
Other Revenue from current yearUSD $ 195,197
Gross receipts from all sourcesUSD $ 47,966,832
Net assets / fund balances at end of fiscal yearUSD $ 53,967,304
Net assets / fund balances at beginning of fiscal yearUSD $ 53,278,515
Total liabilities at end of fiscal yearUSD $ 69,264,920
Total liabilities at beginning of fiscal yearUSD $ 57,564,991
Total assets at end of fiscal yearUSD $ 123,232,224
Total assets at beginning of fiscal yearUSD $ 110,843,506
Revenues less expenses for current yearUSD $ 164,573
Revenues less expenses for previous yearUSD $ 517,360
Total expenses for current yearUSD $ 47,779,639
Total expenses for previous yearUSD $ 44,095,183
Other expenses in current yearUSD $ 41,687,397
Other expenses in previous yearUSD $ 39,028,943
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,679,477
Employee salary and benefits paid in previous yearUSD $ 2,433,047
Benefits paid to or for members in current yearUSD $ 2,402,437
Benefits paid to or for members in previous yearUSD $ 2,628,193
Grants and similar amounts paid in current yearUSD $ 10,328
Grants and similar amounts paid in previous yearUSD $ 5,000
Total revenue in current fiscal yearUSD $ 47,944,212
Total revenue in previous fiscal yearUSD $ 44,612,543
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 22,620
Gross sales of inventory assetsUSD $ 29,639
Total of other revenueUSD $ 188,178
2017-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 42,934,252
Program Service Revenue from current yearUSD $ 42,723,566
Investment Income from prior yearUSD $ 2,250,579
Investment Income from current yearUSD $ 1,689,291
Other Revenue from prior yearUSD $ 211,521
Other Revenue from current yearUSD $ 199,686
Gross receipts from all sourcesUSD $ 44,647,972
Net assets / fund balances at end of fiscal yearUSD $ 53,278,515
Net assets / fund balances at beginning of fiscal yearUSD $ 51,151,022
Total liabilities at end of fiscal yearUSD $ 57,564,991
Total liabilities at beginning of fiscal yearUSD $ 60,072,181
Total assets at end of fiscal yearUSD $ 110,843,506
Total assets at beginning of fiscal yearUSD $ 111,223,203
Revenues less expenses for current yearUSD $ 517,360
Revenues less expenses for previous yearUSD $ 2,055,834
Total expenses for current yearUSD $ 44,095,183
Total expenses for previous yearUSD $ 43,340,518
Other expenses in current yearUSD $ 39,028,943
Other expenses in previous yearUSD $ 40,292,431
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,433,047
Employee salary and benefits paid in previous yearUSD $ 1,805,399
Benefits paid to or for members in current yearUSD $ 2,628,193
Benefits paid to or for members in previous yearUSD $ 1,237,688
Grants and similar amounts paid in current yearUSD $ 5,000
Grants and similar amounts paid in previous yearUSD $ 5,000
Total revenue in current fiscal yearUSD $ 44,612,543
Total revenue in previous fiscal yearUSD $ 45,396,352
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 35,429
Gross sales of inventory assetsUSD $ 43,040
Total of other revenueUSD $ 192,075
2016-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 43,641,428
Program Service Revenue from current yearUSD $ 42,934,252
Investment Income from prior yearUSD $ 2,080,781
Investment Income from current yearUSD $ 2,250,579
Other Revenue from prior yearUSD $ 215,096
Other Revenue from current yearUSD $ 211,521
Gross receipts from all sourcesUSD $ 45,410,492
Net assets / fund balances at end of fiscal yearUSD $ 51,151,022
Net assets / fund balances at beginning of fiscal yearUSD $ 49,764,021
Total liabilities at end of fiscal yearUSD $ 60,072,181
Total liabilities at beginning of fiscal yearUSD $ 60,842,719
Total assets at end of fiscal yearUSD $ 111,223,203
Total assets at beginning of fiscal yearUSD $ 110,606,740
Revenues less expenses for current yearUSD $ 2,055,834
Revenues less expenses for previous yearUSD $ 2,172,438
Total expenses for current yearUSD $ 43,340,518
Total expenses for previous yearUSD $ 43,764,867
Other expenses in current yearUSD $ 40,292,431
Other expenses in previous yearUSD $ 38,798,960
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,805,399
Employee salary and benefits paid in previous yearUSD $ 3,080,670
Benefits paid to or for members in current yearUSD $ 1,237,688
Benefits paid to or for members in previous yearUSD $ 1,880,237
Grants and similar amounts paid in current yearUSD $ 5,000
Grants and similar amounts paid in previous yearUSD $ 5,000
Total revenue in current fiscal yearUSD $ 45,396,352
Total revenue in previous fiscal yearUSD $ 45,937,305
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 14,140
Gross sales of inventory assetsUSD $ 18,155
Total of other revenueUSD $ 207,506
2015-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 45,949,147
Program Service Revenue from current yearUSD $ 43,641,428
Investment Income from prior yearUSD $ 1,740,332
Investment Income from current yearUSD $ 2,080,781
Other Revenue from prior yearUSD $ 223,708
Other Revenue from current yearUSD $ 215,096
Gross receipts from all sourcesUSD $ 45,976,036
Net assets / fund balances at end of fiscal yearUSD $ 49,764,021
Net assets / fund balances at beginning of fiscal yearUSD $ 47,266,221
Total liabilities at end of fiscal yearUSD $ 60,842,719
Total liabilities at beginning of fiscal yearUSD $ 62,411,945
Total assets at end of fiscal yearUSD $ 110,606,740
Total assets at beginning of fiscal yearUSD $ 109,678,166
Revenues less expenses for current yearUSD $ 2,172,438
Revenues less expenses for previous yearUSD $ 3,861,514
Total expenses for current yearUSD $ 43,764,867
Total expenses for previous yearUSD $ 44,051,673
Other expenses in current yearUSD $ 38,798,960
Other expenses in previous yearUSD $ 40,214,088
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,080,670
Employee salary and benefits paid in previous yearUSD $ 2,957,044
Benefits paid to or for members in current yearUSD $ 1,880,237
Benefits paid to or for members in previous yearUSD $ 880,541
Grants and similar amounts paid in current yearUSD $ 5,000
Total revenue in current fiscal yearUSD $ 45,937,305
Total revenue in previous fiscal yearUSD $ 47,913,187
Contributions and grants from current yearUSD $ 0
Cost of goods soldUSD $ 38,731
Gross sales of inventory assetsUSD $ 49,521
Total of other revenueUSD $ 204,306

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 380941545

USA Mailing Address
19831 M-68 HWY
ONAWAY
MI
49765
Date first seen: 2012-08-14
Date last seen: 2025-08-31
USA Mailing Address
3149 MAIN STREET
ONAWAY
MI
49765
Date first seen: 2015-01-01
Date last seen: 2025-11-24

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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