Michigan Electric And Gas Association
- Assets
- $406.7k
- Revenue
- $483.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Lansing, MI
- Founding
- 11/1985
- Data as of
- 12/2023
- EIN
- 38-2494130
Organization Overview
Michigan Electric And Gas Association is located in Lansing, MI. The organization was established in 1985. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Michigan Electric And Gas Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Electric And Gas 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 And Gas Association generated $483.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $465.6k during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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 ADVANCE THE COMMON INTERESTS OF INVESTOR-OWNED ELECTRIC AND NATURAL GAS UTILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND COMMITTEES PROVIDED A FORUM TO BRING 20 FULL AND ASSOCIATE MEMBERS TOGETHER TO PROVIDE INFORMATION AND ESTABLISH INTERESTS SO THE ASSOCIATION CAN EFFECTIVELY REPRESENT THE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett French Director | Trustee | 1 | $0 |
Bert Fruchey Director | Trustee | 1 | $0 |
Michael Baker Director | Trustee | 1 | $0 |
Julie Mcrea Director (ended 3/23) | Trustee | 1 | $0 |
Mike O'brien Director | Trustee | 1 | $0 |
Tyrel Zich Director | Trustee | 1 | $0 |
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 | $474,276 |
| Investment income | $920 |
| 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 | $483,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $203,978 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,373 |
| Pension plan accruals and contributions | $10,889 |
| Other employee benefits | $0 |
| Payroll taxes | $18,666 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,352 |
| Advertising and promotion | $0 |
| Office expenses | $3,999 |
| Information technology | $1,153 |
| Royalties | $0 |
| Occupancy | $25,036 |
| Travel | $6,674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,997 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,058 |
| Insurance | $2,091 |
| All other expenses | $0 |
| Total functional expenses | $465,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,095 |
| Savings and temporary cash investments | $229,382 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,252 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $406,729 |
| Accounts payable and accrued expenses | $1,710 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $1,710 |
| Net assets without donor restrictions | $0 |
| 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 | $405,019 |
| Total liabilities and net assets/fund balances | $406,729 |