Michigan Electric Cooperative Association
- Assets
- $2.2m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Lansing, MI
- Founding
- 08/1979
- Data as of
- 12/2023
- EIN
- 38-2214287
Organization Overview
Michigan Electric Cooperative Association is located in Lansing, MI. The organization was established in 1979. 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 12/2023, Michigan Electric Cooperative Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Electric Cooperative Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Michigan Electric Cooperative Association generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND SERVE THE NEEDS OF THE MEMBER COOPERATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBERSHIP DUES:REPRESENT THE LEGISLATIVE AND REGULATORY INTERESTS OF MICHIGAN'S ELECTRIC COOPERATIVES WITH A UNIFIED MESSAGE THAT ENSURES THEIR ABILITY TO PROVIDE SAFE, RELIABLE AND AFFORDABLE ELECTRICITY TO MEMBER-CONSUMERS. DEVELOP AND IMPLEMENT STRATEGIC COMMUNICATIONS THAT ADVANCE COOPERATIVE PRIORITIES AND MEMBER-CONSUMER ENGAGEMENT.
EDUCATION/TRAINING PROGRAMS:COORDINATE EDUCATION AND TRAINING RESOURCES FOR MICHIGAN'S ELECTRIC COOPERATIVE DIRECTORS, MANAGERS, EMPLOYEES, AND FUTURE LEADERS.
PUBLICATIONS:CREATE AND PUBLISH MICHIGAN COUNTRY LINES MAGAZINE IN PARTNERSHIP WITH MICHIGAN'S ELECTRIC COOPERATIVES TO ADVANCE COOPERATIVE PRIORITIES AND MEMBER-CONSUMER ENGAGEMENT.
SAFETY/LOSS SERVICES:EMPOWER THE SAFETY CULTURE OF MICHIGAN'S ELECTRIC COOPERATIVES AND UTILITY PARTNERS THROUGH A COMPREHENSIVE SAFETY PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Anderson Director (jan-June) | OfficerTrustee | 1 | $0 |
Eric Baker Director | Trustee | 1 | $0 |
Mike Furmanski Director | Trustee | 1 | $0 |
Terry Lautner Director (jan-May) | Trustee | 1 | $0 |
Gabe Schneider Director/vice Chairman | OfficerTrustee | 1 | $0 |
Dan Decoeur Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Freeport Press Inc Printing/publishing | 12/30/23 | $503,381 |
Wolverine Power Supply Cooperative Management Services | 12/30/23 | $380,000 |
Dykema-gossett Plcc Law Firm/landlord/lobbyist | 12/30/23 | $247,029 |
Dorr Holding Llc Communicaiton Specialist | 12/30/23 | $113,311 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,137,384 |
| Investment income | $49,138 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,186,522 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $320,387 |
| Pension plan accruals and contributions | $97,070 |
| Other employee benefits | $60,865 |
| Payroll taxes | $22,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $100,025 |
| Fees for services: Accounting | $17,350 |
| Fees for services: Lobbying | $169,683 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $615,295 |
| Advertising and promotion | $7,500 |
| Office expenses | $38,361 |
| Information technology | $26,953 |
| Royalties | $0 |
| Occupancy | $46,404 |
| Travel | $157,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,430 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,717 |
| Insurance | $12,033 |
| All other expenses | $17,082 |
| Total functional expenses | $3,013,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,880,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,008 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $73,737 |
| Net Land, buildings, and equipment | $42,719 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,339 |
| Intangible assets | $0 |
| Other assets | $205,247 |
| Total assets | $2,222,472 |
| Accounts payable and accrued expenses | $116,926 |
| Grants payable | $0 |
| Deferred revenue | $290,885 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $179,104 |
| Total liabilities | $586,915 |
| Net assets without donor restrictions | $1,635,557 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,222,472 |