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Nonprofit · EIN 38-3321875

GREAT LAKES ENERGY COOPERATIVE

Tax-exempt · BOYNE CITY, MI 49712

Financials

$256.3M$256.3M2023$278.4M$275.1M2024
Revenue Expenses · by fiscal year end
Financials of GREAT LAKES ENERGY COOPERATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$278,373,109$275,076,316$3,296,793$1,040,503,055$759,492,086$281,010,969
December 31, 2023990$256,252,080$256,252,080$0$961,358,899$699,332,180$262,026,719
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$275,753,525
Investment income
$2,073,052
Net rental income
$596,216
Net gain from sales of assets
$189,567
Other revenue
$546,532

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$18,450,398
Compensation of officers, directors and key employees
$2,852,155
Other salaries and wages
$34,862,714
Salaries, compensation and benefits (total)
$46,217,364
Professional fundraising fees
$0
Depreciation
$28,525,348

Balance sheet and other

Total assets, start of year
$961,358,899
Total assets, end of year
$1,040,503,055
Total liabilities, end of year
$759,492,086
Net assets, end of year
$281,010,969
Land, buildings and equipment
$802,533,991
Gross unrelated business income
$1,725,401
Gross receipts
$278,726,589
Employees
320
Volunteers
0
Year formed
1998
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Shaun LampPresident & CEO
Officer
57$585,268$165,818
Jennifer WilsonChief Impact Officer
Officer
51$331,141$171,417
Shari CulverChief Operating Officer
Officer
49$338,770$150,057
Daryl DeslooverVP of Information Technology
Highest-paid employee
57$312,116$169,865
John FettigChief Financial Officer (End Apr)
Officer
58$327,015$126,477
Denne' SmithChief Financial Officer (Beg Apr)
Officer
58$304,823$146,092
Kevin ForbesDirector of Operations
Highest-paid employee
60$232,397$131,387
Ashley SmithVP of Engineering
Highest-paid employee
60$287,876$68,104
Thomas McLouthLineworker
Highest-paid employee
54$217,235$59,177
Nicholas OchampaughLineworker
Highest-paid employee
55$216,894$40,462
Howard BowersoxChairman
Trustee or director, Officer
9$47,100$0
John LaForgeDirector
Trustee or director
5$39,350$0
Mark CarsonDirector
Trustee or director
3$39,300$0
Mary O'ConnellDirector
Trustee or director
9$38,850$0
Rick EvansDirector
Trustee or director
8$35,700$0
4 more people on this return
NameTitleHours / weekCompensation
Paul BylSecretary
Trustee or director, Officer
6$33,600
David CoveyouDirector
Trustee or director
3$31,300
Dale FarrierTreasurer
Trustee or director, Officer
3$30,200
Janet AndersonVice Chairman
Trustee or director, Officer
6$29,200
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
SHAUN LAMPPRES, CHIEF EXECUTIVE OFFICER
Officer
55$427,311$30,858$121,100
SHARI CULVERCHIEF OPERATING OFFICER
Officer
44$252,100$64,394$124,355
DARYL DESLOOVERVP, INFOMATION TECHNOLOGY
Highest-paid employee
57$282,957$11,862$130,373
JENNIFER WILSONCHIEF IMPACT OFFICER
Officer
48$252,218$62,114$102,065
JOHN FETTIGCHIEF FINANCIAL OFFICER
Officer
55$279,694$7,746$87,510
KEVIN FORBESDIRECTOR OF OPERATIONS
Highest-paid employee
60$217,106$0$120,925
DAVID DEPEWMANAGER, OPERATIONS
Highest-paid employee
60$250,049$0$45,752
SCOTT BLECKECHIEF STRATEGY OFFICER
Officer
60$276,868$0$11,283
GREGG CAPELINLINEWORKER
Highest-paid employee
52$201,985$0$69,640
ASHLEY SMITHVP, ENGINEERING
Highest-paid employee
60$233,873$0$29,565
HOWARD BOWERSOXDIRECTOR
Trustee or director
8.1$45,100$5,400$0
JOHN LAFORGEDIRECTOR
Trustee or director
4.1$31,400$5,850$0
MARK CARSONDIRECTOR
Trustee or director
2$30,000$5,400$0
SHELLY SHEPHERDDIRECTOR
Trustee or director
4$33,200$0$0
RIC EVANSDIRECTOR
Trustee or director
5$32,100$0$0
JANET ANDERSENDIRECTOR
Trustee or director
6.8$30,650$0$0
DAVID COVEYOUDIRECTOR
Trustee or director
2.4$30,100$0$0
PAUL BYLDIRECTOR
Trustee or director
5.7$29,200$0$0
DALE FARRIERDIRECTOR
Trustee or director
2.3$26,900$0$0

Address and contacts

Address (IRS master file)
1323 BOYNE AVE, BOYNE CITY, MI 49712-8940
In care of
% JOHN FETTIG
Principal officer (990 for 2024)
Shaun Lamp, 1323 Boyne Ave, Boyne City, MI 497120070
Signed the 990
Denne' Smith, Chief Financial Officer
Phone
(231) 582-6521
Return prepared by
Eide Bailly LLP

Mission

Built and led by the communities we serve, we connect our members to innovative energy and communications programs and services.

990 for the year ended December 31, 2024

Program accomplishments

  • Provide electric service to approximately 110,000 members.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-3321875
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,040,503,055
Income (IRS master file)
$278,726,589

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$278,373,109$275,076,316$1,040,503,055IRS
990December 2023$256,252,080$256,252,080$961,358,899XML
990December 2022$262,446,486$262,446,486$877,952,006IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-3321875).

Questions about GREAT LAKES ENERGY COOPERATIVE

What is the EIN of GREAT LAKES ENERGY COOPERATIVE?
The employer identification number (EIN) of GREAT LAKES ENERGY COOPERATIVE is 38-3321875.
Is GREAT LAKES ENERGY COOPERATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1997.
Are donations to GREAT LAKES ENERGY COOPERATIVE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GREAT LAKES ENERGY COOPERATIVE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GREAT LAKES ENERGY COOPERATIVE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GREAT LAKES ENERGY COOPERATIVE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GREAT LAKES ENERGY COOPERATIVE?
The 990 for the year ended December 31, 2024 names Shaun Lamp.
Who are the officers and directors of GREAT LAKES ENERGY COOPERATIVE?
The 990 for the year ended December 31, 2024 lists 19 people; 19 received compensation from the organization, the highest $585,268 (Shaun Lamp, President & CEO).
How much revenue does GREAT LAKES ENERGY COOPERATIVE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $278,373,109, expenses of $275,076,316 and total assets of $1,040,503,055 at year end.

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