Cloverland Electric Cooperative Inc

Organization Overview

Cloverland Electric Cooperative Inc is located in Sault Ste Marie, MI. The organization was established in 1942. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Cloverland Electric Cooperative Inc employed 125 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cloverland Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Cloverland Electric Cooperative Inc generated $87.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $77.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ELECTRIC COOPERATIVE

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE ELECTRIC POWER TO OVER 44,000 CONSUMERS


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Board, Officers & Key Employees

Name (title)Compensation
Michael Heise
President/ceo
$348,116
Elizabeth Castilho
CFO
$164,627
Roger Line
Dir Of Generation
$138,779
Brian Lavey
Dir Of Engineering
$135,908
Michael Talsma
Line Foreman
$129,417
Jared Kangas
Line Foreman
$129,167

Outside Vendors & Contractors

Vendor Name (Service)Compensation
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Tree Trimming Services
$2,743,806
Pickford Solar Llc
Solar Energy
$440,114
Robert Schallip
Reimburse Retirement Distribution
$119,170
Metis Energy Llc
Consulting
$110,659
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,481,519
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,481,519
Total Program Service Revenue$82,242,536
Investment income $1,450,336
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$40,429
Net Gain/Loss on Asset Sales $23,876
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $87,157,838

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