Presque Isle Electric & Gas Co Op

Onaway, MI
Tax-exempt since Aug. 1938
EIN: 38-0941545

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$60.7M (2023)

Expenses

$63.6M (2023)

Total Assets

$219M (2023)

Total Liabilities

$168M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$60,694,805

Expenses

$63,612,097

Net Income

-$2,917,292

Net Assets

$51,192,613

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,126,354	1.9%
Program Services	$60,679,105	100.0%
Investment Income	$48,085	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,173,522
Net Inventory Sales	$14,783	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$577,039	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,274,934	14.6%

Assets/Debt
Total Assets	$219,484,162
Total Liabilities	$168,291,549
Net Assets	$51,192,613

Club or Co-Op Income
Income From Members	$61,324,693
Income From Other Sources	$565,016

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Sobeck (Ceo)	$221,494	$0	$51,892
Kenniston Butler (Working Foreman)	$165,838	$0	$40,303
Dean Estep (Class A Lineman)	$163,317	$0	$42,761
Kenneth Wirgau (Class A Lineman)	$157,939	$0	$40,419
Thomas Pauly (Class A Lineman)	$149,922	$0	$39,896
David Bruce (Class A Lineman)	$149,056	$0	$27,659
Randy Stempky (Cfo)	$106,813	$0	$69,000
John Brown Chairman Until Oct (23)/ Vice Chairman (As Of Nov 23))	$15,010	$0	$0
Kurt Krajniak (Director)	$14,010	$0	$0
Raymond Wozniak (Director)	$13,740	$0	$0
Allan Berg Vice Chairman ((Until Oct 23)/Chairman (As Of Nov 23))	$13,670	$0	$0
Sandy Borowicz (Secretary)	$13,570	$0	$0
Brent Lucas Director Until (Oct 23)/Treasurer (As Of Oct 23))	$13,470	$0	$0
Daryl Peterson (Director)	$12,390	$0	$0
Sally Knopf (Director)	$12,120	$0	$0
Charles Arbour (Treasurer (Until Oct 23))	$9,740	$0	$0
Christopher Nagel (Director ( As Of Nov 23))	$2,110	$0	$0

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990

Filed on July 26, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$55,556,588

Expenses

$61,481,567

Net Income

-$5,924,979

Net Assets

$51,432,200

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,126,354	2.0%
Program Services	$55,706,874	> 100%
Investment Income	$48,512	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,332,222
Net Inventory Sales	$7,070	0.0%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$563,386	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,672,831	14.1%

Assets/Debt
Total Assets	$186,492,405
Total Liabilities	$135,060,205
Net Assets	$51,432,200

Club or Co-Op Income
Income From Members	$56,102,485
Income From Other Sources	$428,515

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Sobeck (Ceo)	$216,973	$0	$110,824
Dean Estep (Class A Lineman)	$168,840	$0	$40,802
Thomas Lupu (Staking Engineer)	$167,334	$0	$33,333
Errol Jones (Class A Lineman)	$165,262	$0	$19,453
Shawn Walker (Class A Lineman)	$162,577	$0	$39,485
Kenneth Wirgau (Class A Lineman)	$160,736	$0	$37,998
Randy Stempky (Cfo)	$103,898	$0	$70,801
Kurt Krajniak (Director)	$14,550	$0	$0
Allan Berg (Vice Chairman)	$14,200	$0	$0
Sandy Borowicz (Secretary)	$14,110	$0	$0
John Brown (Chairman)	$13,870	$0	$0
Brent Lucas (Director)	$13,530	$0	$0
Sally Knopf (Director)	$12,930	$0	$0
Charles Arbour (Director)	$12,660	$0	$0
Daryl Peterson (Treasurer)	$12,390	$0	$0
Raymond Wozniak (Director)	$12,390	$0	$0

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990

Filed on Oct. 30, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$50,602,762

Expenses

$52,899,793

Net Income

-$2,297,031

Net Assets

$56,134,801

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$51,212,965	> 100%
Investment Income	$47,733	0.1%
Bond Proceeds	$0
Royalties	$597	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$654,072
Net Inventory Sales	-$4,461
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$569,452	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,714,343	14.6%

Assets/Debt
Total Assets	$158,334,042
Total Liabilities	$102,199,241
Net Assets	$56,134,801

Club or Co-Op Income
Income From Members	$50,486,997
Income From Other Sources	$388,465

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas Sobeck (Ceo)	$210,430	$0	$108,295
Randall Mc Lean (Lineworker)	$168,799	$0	$32,079
Thomas Lupu (Lineworker)	$159,418	$0	$32,155
Mark Pomranke (Lineworker)	$156,024	$0	$36,743
Shawn Walker (Lineworker)	$154,195	$0	$38,146
Kenniston Butler (Lineworker)	$149,807	$0	$36,559
Randy Stempky (Cfo)	$100,733	$0	$68,003
Allan Berg (Chairman)	$18,715	$0	$0
John Brown (Vice Chairman)	$16,875	$0	$0
Brentt Lucas (Director)	$16,405	$0	$0
Kurt Krajniak (Director)	$16,135	$0	$0
Sandy Borowicz (Secretary)	$14,990	$0	$0
Raymond Wozniak (Director)	$14,660	$0	$0
Charles Arbour (Director)	$14,590	$0	$0
Daryl Peterson (Treasurer)	$14,120	$0	$0
Sally Knopf (Director)	$13,165	$0	$0

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990

Filed on Nov. 14, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$50,190,753

Expenses

$47,205,361

Net Income

$2,985,392

Net Assets

$57,671,004

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$46,339,237	92.3%
Investment Income	$1,715,774	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$6,414	0.0%
Other Revenue	$2,129,328	4.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$434,304	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,524,260	7.5%

Assets/Debt
Total Assets	$137,955,532
Total Liabilities	$80,284,528
Net Assets	$57,671,004

Club or Co-Op Income
Income From Members	$47,386,410
Income From Other Sources	$250,465

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas J Sobeck (Ceo)	$209,362	$0	$54,517
Dean Estep (Lineworker)	$177,910	$0	$35,400
Kenniston Butler (Lineworker)	$151,659	$0	$35,416
Randy Kreft (Lineworker)	$150,632	$0	$31,539
Shawn Walker (Lineworker)	$147,330	$0	$35,595
Thomas Lupu (Lineworker)	$140,640	$0	$35,254
Randy Stempky (Cfo)	$101,582	$0	$47,592
Allan Berg (Vice Chairpe)	$15,800	$0	$0
Brentt Lucas (Director)	$15,135	$0	$0
Kurt Krajniak (Director)	$14,575	$0	$0
John Brown (Chairperson)	$14,010	$0	$0
Sandra Borowicz (Secretary)	$13,610	$0	$0
Sally Knopf (Director)	$13,305	$0	$0
Daryl Peterson (Director)	$12,495	$0	$0
Charles Arbour (Treasurer)	$12,475	$0	$0
Raymond Wozniak (Director)	$11,955	$0	$0

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990

Filed on July 30, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$48,885,001

Expenses

$49,283,016

Net Income

-$398,015

Net Assets

$54,366,786

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$47,136,274	96.4%
Investment Income	$1,570,363	3.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$929
Other Revenue	$179,293	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$421,489	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,343,653	6.8%

Assets/Debt
Total Assets	$123,169,477
Total Liabilities	$68,802,691
Net Assets	$54,366,786

Club or Co-Op Income
Income From Members	$47,953,946
Income From Other Sources	$242,516

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas J Sobeck (Ceo)	$191,715	$0	$50,779
Randy Mclean (Foreman)	$145,904	$0	$27,797
Dean Estep (Lineworker)	$141,846	$0	$32,329
Mark Pomranke (Foreman)	$135,171	$0	$32,539
Randy Kreft (Lineworker)	$132,132	$0	$27,978
Thomas Lupu (Lineworker)	$127,181	$0	$32,149
Randy Stempky (Cfo)	$97,369	$0	$44,669
Raymond Wozniak (Director)	$16,795	$0	$0
Sandra Borowicz (Secretary)	$16,005	$0	$0
Allan Berg (Vice Chairpe)	$15,465	$0	$0
John Brown (Chairperson)	$15,170	$0	$0
Sally Knopf (Director)	$14,800	$0	$0
Charles Arbour (Treasurer)	$14,095	$0	$0
Kurt Krajniak (Director)	$13,990	$0	$0
Daryl Peterson (Director)	$13,445	$0	$0
Brentt Lucas (Director)	$12,640	$0	$0

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990

Filed on Sept. 14, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$47,944,212

Expenses

$47,779,639

Net Income

$164,573

Net Assets

$53,967,304

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$45,870,930	95.7%
Investment Income	$1,878,085	3.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$7,019	0.0%
Other Revenue	$188,178	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$377,247	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,040,751	6.4%

Assets/Debt
Total Assets	$123,232,224
Total Liabilities	$69,264,920
Net Assets	$53,967,304

Club or Co-Op Income
Income From Members	$46,705,606
Income From Other Sources	$232,348

Compensation

Key Employees and Officers	Compensation	Related	Other
Thomas J Sobeck (Ceo)	$174,680	$0	$46,876
Randy Mclean (Foreman)	$139,958	$0	$27,280
Randy Kreft (Lineworker)	$131,190	$0	$27,303
Dean Estep (Lineworker)	$128,542	$0	$31,626
Mark Pomranke (Foreman)	$127,892	$0	$31,821
Kenniston Butler (Lineworker)	$127,496	$0	$31,484
Randy Stempky (Cfo)	$95,442	$0	$43,515
Sandra Borowicz (Secretary)	$13,505	$0	$0
Raymond Wozniak (Director)	$12,415	$0	$0
Sally Knopf (Director)	$12,315	$0	$0
Charles Arbour (Treasurer)	$12,180	$0	$0
John Brown (Chairperson)	$12,115	$0	$0
Kurt Krajniak (Director)	$11,515	$0	$0
Allan Berg (Vice Chairpe)	$11,210	$0	$0
Daryl Peterson (Director)	$11,085	$0	$0
Brentt Lucas (Director)	$10,785	$0	$0

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990

Filed on Nov. 13, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$44,612,543

Expenses

$44,095,183

Net Income

$517,360

Net Assets

$53,278,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$42,723,566	95.8%
Investment Income	$1,689,291	3.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$7,611	0.0%
Other Revenue	$192,075	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$454,866	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,805,280	4.1%

Assets/Debt
Total Assets	$110,843,506
Total Liabilities	$57,564,991
Net Assets	$53,278,515

Club or Co-Op Income
Income From Members	$43,562,642
Income From Other Sources	$247,565

Compensation

Key Employees and Officers	Compensation	Related	Other
Brian Burns (Ceo Retire)	$195,092	$0	$0
Thomas J Sobeck (Ceo)	$155,874	$0	$0
Randy Mclean (Foreman)	$143,442	$0	$0
Dean Estep (Lineworker)	$132,735	$0	$0
Kenniston Butler (Lineworker)	$130,171	$0	$0
Tom Lupu (Lineworker)	$118,127	$0	$0
Shawn Walker (Lineworker)	$116,505	$0	$0
Sandra Borowicz (Secretary)	$13,025	$0	$0
Sally Knopf (Director)	$12,175	$0	$0
John Brown (Chairperson)	$12,100	$0	$0
Raymond Wozniak (Director)	$12,100	$0	$0
Brentt Lucas (Director)	$11,975	$0	$0
Daryl Peterson (Treasurer)	$11,100	$0	$0
Kurt Krajniak (Director)	$10,900	$0	$0
Allan Berg (Vice Chairpe)	$9,875	$0	$0
David Smith (Director)	$8,825	$0	$0
Charles Arbour (Director)	$1,825	$0	$0

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990

Filed on June 4, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$45,396,352

Expenses

$43,340,518

Net Income

$2,055,834

Net Assets

$51,151,022

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$42,934,252	94.6%
Investment Income	$2,250,579	5.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$4,015	0.0%
Other Revenue	$207,506	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$396,269	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,287,766	3.0%

Assets/Debt
Total Assets	$111,223,203
Total Liabilities	$60,072,181
Net Assets	$51,151,022

Club or Co-Op Income
Income From Members	$43,664,556
Income From Other Sources	$201,498

Compensation

Key Employees and Officers	Compensation	Related	Other
Brian Burns (Ceo)	$201,118	$0	$69,282
Randy Mclean (Foreman)	$121,842	$0	$25,918
Randy Kreft (Foreman)	$121,349	$0	$25,900
Dean Estep (Lineworker)	$117,663	$0	$29,924
Kenniston Butler (Lineworker)	$116,800	$0	$29,697
Tom Lupu (Lineworker)	$115,561	$0	$29,864
Daryl Peterson (Treasurer)	$11,650	$0	$0
John Brown (Chairperson)	$11,575	$0	$0
Sally Knopf (Director)	$11,575	$0	$0
Sandra Borowicz (Secretary)	$11,450	$0	$0
Raymond Wozniak (Director)	$11,450	$0	$0
Kurt Krajniak (Director)	$10,850	$0	$0
David Smith (Director)	$10,050	$0	$0
Allan Berg (Vice Chairpe)	$9,625	$0	$0
Brentt Lucas (Director)	$9,350	$0	$0

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990

Filed on June 21, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$45,937,305

Expenses

$43,764,867

Net Income

$2,172,438

Net Assets

$49,764,021

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,641,428	95.0%
Investment Income	$2,080,781	4.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$10,790	0.0%
Other Revenue	$204,306	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$264,822	0.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,603,336	5.9%

Assets/Debt
Total Assets	$110,606,740
Total Liabilities	$60,842,719
Net Assets	$49,764,021

Club or Co-Op Income
Income From Members	$44,379,866
Income From Other Sources	$365,297

Compensation

Key Employees and Officers	Compensation	Related	Other
Brian Burns (Ceo)	$174,597	$0	$58,331
Randy Mclean (Foreman)	$120,899	$0	$23,089
Tom Lupu (Lineworker)	$117,162	$0	$26,434
Kenniston Butler (Lineworker)	$110,476	$0	$26,156
Randy Kreft (Foreman)	$108,605	$0	$26,704
Thomas Hoffmeyer (Lineworker)	$105,139	$0	$26,115
Sally Knopf (Director)	$11,375	$0	$0
Raymond Wozniak (Director)	$11,250	$0	$0
Daryl Peterson (Treasurer)	$11,250	$0	$0
Sandy Borowicz (Director)	$11,250	$0	$0
John Brown (Chairperson)	$11,050	$0	$0
David Smith (Secretary)	$10,050	$0	$0
Kurt Krajniak (Director)	$10,050	$0	$0
Allan Berg (Vice Chairpe)	$8,500	$0	$0
Robert Wegmeyer (Director)	$5,450	$0	$0

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990

Filed on June 9, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$47,913,187

Expenses

$44,051,673

Net Income

$3,861,514

Net Assets

$47,266,221

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$45,949,147	95.9%
Investment Income	$1,740,332	3.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$7,622	0.0%
Other Revenue	$216,086	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$344,866	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,402,776	5.5%

Assets/Debt
Total Assets	$109,678,166
Total Liabilities	$62,411,945
Net Assets	$47,266,221

Club or Co-Op Income
Income From Members	$46,483,997
Income From Other Sources	$477,053

Compensation

Key Employees and Officers	Compensation	Related	Other
Brian Burns (Ceo)	$162,480	$0	$56,870
Randy Mclean (Foreman)	$118,206	$0	$22,448
Tom Lupu (Lineworker)	$106,264	$0	$25,545
Randy Kreft (Foreman)	$105,172	$0	$23,870
Raymond Wozniak (Director)	$11,850	$0	$0
John Brown (Chairperson)	$11,450	$0	$0
Kurt Krajniak (Director)	$11,250	$0	$0
Sally Knopf (Director)	$11,050	$0	$0
Allan Berg (Vice Chairpe)	$10,650	$0	$0
Daryl Peterson (Treasurer)	$10,450	$0	$0
David Smith (Secretary)	$10,250	$0	$0
Robert Wegmeyer (Director)	$5,475	$0	$0
Sandy Borowicz (Director)	$2,450	$0	$0

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990

Filed on July 9, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$46,146,148

Expenses

$43,599,548

Net Income

$2,546,600

Net Assets

$41,670,733

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$43,742,163	94.8%
Investment Income	$2,201,322	4.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$5,583	0.0%
Other Revenue	$197,080	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$348,893	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,433,378	5.6%

Assets/Debt
Total Assets	$108,146,709
Total Liabilities	$66,475,976
Net Assets	$41,670,733

Club or Co-Op Income
Income From Members	$44,194,108
Income From Other Sources	$435,195

Compensation

Key Employees and Officers	Compensation	Related	Other
Brian Burns (Ceo)	$160,848	$0	$54,255
Randy Mclean (Foreman)	$110,781	$0	$21,477
Randy Kreft (Foreman)	$108,951	$0	$24,824
Shawn Walker (Lineworker)	$107,144	$0	$24,388
Ken Butler (Lineworker)	$106,983	$0	$24,336
Dean Estep (Lineworker)	$101,722	$0	$24,368
Sally Knopf (Director)	$12,500	$0	$12
Daryl Peterson (Treasurer)	$11,475	$0	$16
Raymond Wozniak (Director)	$11,375	$0	$10
John Brown (Chairperson)	$10,800	$0	$16
David Smith (Secretary)	$10,500	$0	$16
Allan Berg (Director)	$10,300	$0	$16
Allen Barr (Vice Chairpe)	$10,100	$0	$16
Bernice Krajniak (Director)	$9,350	$0	$5
Robert Wegmeyer (Director)	$6,000	$0	$5
Kurt Krajniak (Director)	$1,700	$0	$0

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990

Filed on July 2, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$43,611,126

Expenses

$42,592,282

Net Income

$1,018,844

Net Assets

$38,638,701

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$41,430,028	95.0%
Investment Income	$1,967,202	4.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$4,292	0.0%
Other Revenue	$209,604	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$329,998	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,549,270	6.0%

Assets/Debt
Total Assets	$108,195,122
Total Liabilities	$69,556,421
Net Assets	$38,638,701

Club or Co-Op Income
Income From Members	$41,845,833
Income From Other Sources	$990,570

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$41,873,176

Expenses

$40,488,827

Net Income

$1,384,349

Net Assets

$37,870,018

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$40,120,702	95.8%
Investment Income	$1,554,374	3.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$9,316	0.0%
Other Revenue	$188,784	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$326,240	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,313,971	5.7%

Assets/Debt
Total Assets	$104,756,938
Total Liabilities	$66,886,920
Net Assets	$37,870,018

Club or Co-Op Income
Income From Members	$40,519,414
Income From Other Sources	$465,658

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated January 31, 2025

Presque Isle Electric & Gas Co Op

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $60.7M (2023)

Expenses $63.6M (2023)

Total Assets $219M (2023)

Total Liabilities $168M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Revenue

$60.7M (2023)

Expenses

$63.6M (2023)

Total Assets

$219M (2023)

Total Liabilities

$168M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004